2011-07-13T22:28:17-05:00 2010-08-31 Fitts Roberts & Co PC 5718 Westheimer Suite 800 Houston TX 77057 990 2009-09-01 760196908 TEXAS CHIROPRACTIC COLLEGE FND INC TEXA 2814871170 5912 SPENCER HIGHWAY PASADENA TX 77505 BILL QUINN 7134871170 2011-07-13 1 Rose Kay Parker CPA 7132605230 2011-06-21 2009 2016-02-24 21:20:13Z BILL QUINN 5912 SPENCER HIGHWAY PASADENA TX 77505 12837161 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. 19 19 194 75 0 0 429554 384068 9168831 9763703 289821 424427 218481 172239 10106687 10744437 331712 104307 0 5726585 5998325 0 351421 4546828 4387192 10605125 10489824 -498438 254613 22882459 20320730 6556459 3673554 16326000 16647176 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 8985818 104307 9931289 PROVIDED POST SECONDARY EDUCATION FOR APPROXIMATELY 400 STUDENTS FOR ENTRY INTO THE CHIROPRACTIC PROFESSION. 8985818 1 1 0 1 0 0 0 0 1 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 1 56 0 1 194 1 0 0 0 0 0 1 1 0 0 0 19 19 0 0 0 0 0 0 0 1 0 0 0 1 1 0 1 1 1 0 0 0 X BILL QUINN 2814871170 5912 SPENCER HIGHWAY PASADENA TX 77505 Armando Banos Alvarez MD DC X 0 0 0 MONTE BLUE EDD X 0 0 0 Alfred C Cartman JR DC X 0 0 0 KEN CAUTHORN X 0 0 0 Jack Christie DC X X 0 0 0 John Felker III DC X X 0 0 0 Jess Fields X 0 0 0 Brian Hawkins DC X 0 0 0 Ana Hernandez BA JD X 0 0 0 David Higginbotham DC X 0 0 0 Larry C Johnson X X 0 0 0 KURT JUERGENS DC X 0 0 0 Angel Leger Keng DC X 0 0 0 Donald Krippendorf DC X X 0 0 0 Elizabeth Harris-LindbergED X 0 0 0 STEVE MINORS DC X 0 0 0 ROBERT BOB MITCHELL X 0 0 0 CRYSTAL MORRISON MA LPC X 0 0 0 Bang Nguyen DC X X 0 0 0 Perry Walker BS MEPE X 0 0 0 Raymond Whitley Jr MEd X 0 0 0 Bill Williams DC X 0 0 0 Steve Haslund PhD 40.00 X X 115159 0 12099 Al Adams DC 40.00 X 97850 0 11077 John Mrozek 40.00 X 92700 0 10742 Bill Clements 40.00 X 84000 0 10310 Jason Flanagan DC 40.00 X 72700 0 6602 BILL QUINN 40.00 X 90000 0 10557 FRED ZUKER PHD 40.00 X X 110000 0 11815 DAVID ANDERSON 40.00 X 75222 0 9659 RAHIM KARIM DC 40.00 X 73229 0 9550 CLAY MCDONALD 40.00 X 69750 0 8765 Richard G Brassard DC 40.00 X 216300 0 17629 1096910 0 118805 3 1 1 0 MAINTENANCE OF HOUSTON 9876 PLANO ROAD DALLAS TX 75238 JANITORIAL SERVICES 104674 1 31980 79731 272357 106528 384068 TUITION & FEES 611600 9263480 9263480 CLINIC REVENUE 611710 500223 500223 9763703 348447 348447 7423 7423 2109169 2033189 75980 75980 75980 56765 31980 59535 -2770 -2770 CONSULTING 611710 140000 140000 MISCELLANEOUS 611710 25609 25609 BOOKSTORE COMMISSION 611710 1977 1977 167586 10744437 9931289 0 429080 104307 104307 5234488 4172978 870659 190851 218597 173425 35154 10018 438174 376853 44947 16374 107066 89422 13902 3742 105005 100814 4191 45150 45150 45895 45895 111117 79685 31432 199031 173935 12534 12562 426810 426810 175334 138648 24281 12405 272361 262794 9567 265249 265249 730404 730404 208054 208054 PAYROLL EXPENSES 512657 425710 69311 17636 EQUIPMENT RENT & MAINT 470674 467241 3433 MISCELLANEOUS 186703 171299 9056 6348 EQUIPMENT 115602 115602 LIBRARY 85660 85660 431486 371033 23400 37053 10489824 8985818 1152585 351421 636 636 2389975 1790664 301046 100875 167077 292208 12647 9779 230197 253868 20733832 9969138 11057629 10764694 8653549 7041498 5000 5000 64703 61508 22882459 20320730 631384 892427 452344 301330 5472731 2479797 6556459 3673554 X 15610658 15818815 412973 525992 302369 302369 16326000 16647176 22882459 20320730 X 0 1 1 X 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 1 11448 0 1 103031 114479 0 Part II-B, Line 1i: Explanation of Other Lobbying Activities: 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 $108,602 REPRESENT 1.04% OF THE ORGANIZATION'S TOTAL EXPENSES FOR THE YEAR, AND THEREFORE DID NOT REPRESENT A SUBSTANTIAL PART OF THEIR ACTIVITIES. 7051064 262411 34721 7278754 7051064 7051064 1.00000 0 0 85961 85961 20647871 9969138 10678733 10764694 10744437 10489824 254613 66563 66563 321176 10873630 66563 62630 129193 10744437 0 10744437 10552454 62630 62630 10489824 0 10489824 Part V, Line 4: Description of Intended Use of Endowment Funds: 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. Part X: Description of Uncertain Tax Positions Under FIN 48: 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, 2010. 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 2007. 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.: 53363. INVESTMENT ADJUSTMENTS: 9267. Part XIII, Line 2d - Other Adjustments: EXPENSES FROM SPECIAL EVENTS OFFSETTING REVENUE ON 990: 53363. INVESTMENT ADJUSTMENTS: 9267. 1 1 1 THE POLICY ON NON-DISCRIMINATION IS STATED IN THE CATALOG. 1 1 1 1 0 0 0 0 0 0 0 0 1 1 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. 1 GALA FUNDRAISING 88745 31980 56765 59535 88745 31980 56765 59535 59535 -2770 1 SCHOLARSHIPS 74 104307 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 216300 0 0 0 0 0 17629 0 0 0 233929 0 0 0 X MEDICAL EQUIPMENT 7 106528 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. 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). PREVIOUSLY, THE FINANCE COMMITTEE WAS RESPONSIBLE FOR OVERSIGHT OF THE AUDITORS. THIS RESPONSIBILITY HAS CHANGED TO THE AUDIT COMMITTEE.