2011-10-25T08:54:10-05:00 2011-06-30 HOWLAND & NORRIS CPA'S 401 W CAPITOL SUITE 501 LITTLE ROCK AR 72201 990 2010-07-01 710236867 UNIVERSITY OF THE OZARKS UNIV 4799791000 415 N COLLEGE AVE CLARKSVILLE AR 728302880 JEFF SCACCIA 4799791000 2011-10-20 true DAVID CHAPPELL 5013723112 2011-10-25 2010 2016-03-07 17:11:31Z RICK NIECE 415 N COLLEGE AVE CLARKSVILLE AR 728302880 42492263 false X WWW.OZARKS.EDU X 1852 AR TO PROVIDE POST-SECONDARY EDUCATION 28 28 645 40 0 2366333 2166501 13022571 13966758 6016024 5792100 2014956 2363776 23419884 24289135 7162650 7469557 0 10704992 11066095 2361 3662 1136267 5702709 5852475 23572712 24391789 -152828 -102654 117907152 130396839 3387028 3548619 114520124 126848220 TO PROVIDE POST-SECONDARY EDUCATION false false 12992306 EDUCATIONAL SERVICES - PROVIDED EDUCATIONAL COURSES TO AN AVERAGE ENROLLMENT OF 597 FULL-TIME EQUIVALENT STUDENTS. 7469557 7469557 SCHOLARSHIPS & AWARDS - PROVIDED EDUCATIONAL SCHOLARSHIPS AND AWARDS BASED ON FINANCIAL NEED, ACADEMIC MERIT, AND MUSICAL TALENT 20461863 true true false false false false true false true true false false false true true true false true false false false false false false false false false true true true false false false false false false false false false false true false false false false true false false false false true X 37 0 true 645 true false true VI false false false false false false false false X 28 28 true false false false false false false true true false false false true true true true true true true false X DARRELL WILLIAMS 4799791207 415 N COLLEGE AVE CLARKSVILLE AR 72830 CHRIS ALLEN X 0 0 0 ARVID BEAN X 0 0 0 KIM BEHREND X 0 0 0 SYLVESTER BENSON X 0 0 0 DOUG BLACK X 0 0 0 JUDY BOREHAM X 0 0 0 JIM BRUNING X 0 0 0 RON COLLINS X 0 0 0 ALLYN DONAUBAUER X 0 0 0 JANET DRUMMOND X 0 0 0 SUSAN SMITH EPPERSON X 0 0 0 RICHARD GASTON X 0 0 0 KAY JOHNSON X 0 0 0 JOHN KING X 0 0 0 DARBY LOGAN X 0 0 0 ANN FILYAW X 0 0 0 JACK PATTERSON X 0 0 0 WILLIAM RAIL X 0 0 0 IVAN QUANT X 0 0 0 DAVID RAWHOUSER X 0 0 0 ALFREDO ROMO X 0 0 0 RALPH SCOTT X 0 0 0 JIM STRUTHERS X 0 0 0 SUE TULL X 0 0 0 DENTON TUMBLESON X 0 0 0 HARVE TAYLOR X 0 0 0 BETTY WORKMAN X 0 0 0 DUDLEY VILES X 0 0 0 RICK NIECE 40.00 X 259708 0 97577 STEVE EDMISTEN 40.00 X 156377 0 15487 DAN TADDIE 40.00 X 140760 0 14238 KIM MYRICK 40.00 X 122400 0 12769 DARRELL WILLIAMS 40.00 X 120360 0 12606 JEFF SCACCIA 40.00 X 112200 0 11953 911805 164630 6 false true false JAMES H CONE 10411 W MARKHAM SUITE 300 LITTLE ROCK AR 72205 CONSTRUCTION 2757750 ARAMARK CAMPUS SERVICES 415 N COLLEGE AVENUE CLARKSVILLE AR 72830 FOOD SERVICE 1125600 RUFFALO CODY 1075 N JUDGE ELY BLVD PMB 151 ABILENE TX 79601 ENROLL STRATEGY 233869 LCG ASSOCIATES 400 GALLERIA PARKWAY ATLANTA GA 30339 INVESTMENT MANA 135416 4 16650 577986 1571865 545717 2166501 STUDENT TUITION AND FEES 900099 13966758 13966758 13966758 1327009 1327009 787964 787964 1340045 489773 850272 850272 850272 21035845 16570754 4465091 4465091 4465091 1538302 1142601 395701 395701 MISCELLANEOUS - EXCLUDED 258506 258506 MISCELLANEOUS - EXEMPT 71333 71333 329839 24289135 14433792 7688842 7469557 7469557 1076435 904571 171864 7777609 6764150 442402 571057 1067343 907684 77974 81685 541938 481510 43323 17105 602770 461927 91387 49456 79248 59066 20182 64850 64850 3662 3662 336819 277937 5819 53063 696947 356943 294115 45889 171859 171859 1014666 917415 84152 13099 375433 337197 15679 22557 110983 110983 1407634 1272720 116742 18172 233131 210786 19335 3010 MISCELLANEOUS 735535 420663 310872 4000 EQUIPMENT RENTAL & MAINT 345397 227964 100051 17382 ATHLETICS 94897 94897 PRINTING & PUBLICATIONS 93854 29588 64266 PROVISION FOR BAD DEBTS 50469 50469 40753 40753 24391789 20461863 2793659 1136267 X 48820 38793 11040852 6480949 1501294 485280 642824 718576 1510243 1956130 49509226 22424780 25107619 27084446 77512223 92950115 196725 227034 346552 455516 117907152 130396839 1482820 1416767 134475 1607762 1550624 211000 296446 235753 3387028 3548619 X 20851854 24558675 24658451 24669966 69009819 77619579 114520124 126848220 117907152 130396839 X -102654 12430750 X false true true X true true X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false false false false 249909 249909 X X false false false 78670541 659154 17411831 -919702 -3398439 -171590 92251795 72635220 871793 9460546 -679679 -3515504 -101835 78670541 68040212 15525273 -6457531 -646198 -3700958 -125578 72635220 0.01350 0.81770 0.16880 true false false 529260 715258 1244518 34738207 13520864 21217343 8583581 7654895 928686 4942920 1249021 3693899 27084446 DEPOSITS HELD IN CUSTODY FOR OTHERS 181677 LEASE OBLIGATION 54076 235753 24289135 24391789 -102654 12430750 12430750 12328096 31199931 12430750 -7152328 5278422 25921509 -1632374 -1632374 24289135 18871835 1632374 1632374 17239461 7152328 7152328 24391789 COLLECTIONS AND RELATION TO EXEMPT PURPOSE SCHEDULE D, PAGE 2, PART III, LINE 4 ROCK & MINERAL COLLECTION - ENHANCES SCIENCE CLASS EDUCATION (SPECIFICALLY GEOLOGY) WATERCOLOR PAINTING COLLECTION - ENHANCES THE LEARNING ENVIRONMENT OF ART STUDENTS AND SERVES AS AN EXAMPLE OF WHAT CAN BE CREATED PFEFFER COLLECTION - ENHANCES THE LEARNING ENVIRONMENT OF ART AND HISTORY STUDENTS AND A GREAT EXAMPLE OF FINE ART INTENDED USES FOR ENDOWMENT FUNDS SCHEDULE D, PAGE 2, PART V, LINE 4 ENDOWMENT FUNDS ARE USED TO PROVIDE SCHOLARSHIPS, PROFESSORSHIPS, AND MAINTENANCE OF CAMPUS FACILITIES. LIABILITY UNDER FIN 48 FOOTNOTE SCHEDULE D, PAGE 3, PART X THE UNIVERSITY OF THE OZARKS IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. PRIOR TO JUNE 30, 2011, NO FORM 990-T HAS BEEN FILED DUE TO LACK OF UNRELATED BUSINESS INCOME, THEREFORE, ALL TAX YEARS REMAIN OPEN TO EXAMINATION BY THE FEDERAL AND STATE TAXING JURISDICTIONS TO WHICH THE UNIVERSITY IS SUBJECT. THE UNIVERSITY HELD NO UNCERTAIN TAX POSITIONS AT JUNE 30, 2011. ACCORDINGLY, THE UNIVERSITY DOES NOT HAVE ANY INTEREST OR PENALTIES RELATED TO UNCERTAIN TAX POSITIONS, SUCH AMOUNTS, IF INCURRED, WOULD BE RECOGNIZED IN INCOME TAX EXPENSE AND ACCRUED INCOME TAXES PAYABLE. RECONCILIATION OF CHANGES - OTHER SCHEDULE D, PAGE 4, PART XI, LINE 8 SCHOLARSHIP ALLOWANCE -6,698,678 WISP SCHOLARSHIP ALLOWANCE -453,650 RENTAL EXPENSE 489,773 BOOKSTORE EXPENSES 10,886 FOOD SERVICE COST 1,131,715 RENTAL EXPENSE -489,773 FOOD SERVICE COST -10,886 BOOKSTORE EXPENSE -1,131,715 SCHOLARSHIP ALLOWANCE 6,698,678 WISP SCHOLARSHIP ALLOWANCE 453,650 REVENUE AMOUNTS INCLUDED IN FINANCIALS - OTHER SCHEDULE D, PAGE 4, PART XII, LINE 2D SCHOLARSHIP ALLOWANCE -6,698,678 WISP SCHOLARSHIP ALLOWANCE -453,650 REVENUE AMOUNTS INCLUDED ON RETURN - OTHER SCHEDULE D, PAGE 4, PART XII, LINE 4B RENTAL EXPENSE -489,773 BOOKSTORE EXPENSES -10,886 FOOD SERVICE COST -1,131,715 EXPENSE AMOUNTS INCLUDED IN FINANCIALS - OTHER SCHEDULE D, PAGE 4, PART XIII, LINE 2D RENTAL EXPENSE 489,773 FOOD SERVICE COST 10,886 BOOKSTORE EXPENSE 1,131,715 EXPENSE AMOUNTS INCLUDED ON RETURN - OTHER SCHEDULE D, PAGE 4, PART XIII, LINE 4B SCHOLARSHIP ALLOWANCE 6,698,678 WISP SCHOLARSHIP ALLOWANCE 453,650 true true true true true true true false false false false false false false false true false true FINANCIAL AID OR GOVERNMENT ASSISTANCE EXPLANATION SCHEDULE E LINE 6 THE UNIVERSITY RECEIVED FUNDS FROM THE US DEPARTMENT OF EDUCATION SEOG ACG SMART TEACH AND PELL GRANTS PERKINS LOANS COLLEGE WORK STUDY FUNDS AND FEDERAL DIRECT LOANS ARE RECEIVED TO ENABLE THE UNIVERSITY TO PROVIDE FINANCIAL ASSISTANCE TO STUDENTS ATTENDING THE UNIVERSITY FUNDS WERE RECEIVED FROM THE SPECIAL SERVICES FOR DISADVANTAGED STUDENTS PROGRAM UNDER TITLE IV THOSE FUNDS COVERED THE EXPENSES OF THE UNIVERSITYS STUDENT SUPPORT PROGRAM FUNDS WERE RECEIVED FROM THE STATE FISCAL STABILIZATION FUNDS AUTHORIZED UNDER TITLE XIV OF THE AMERICAN RECOVERY AND REIVESTMENT ACT OF 2009 THOSE FUNDS WERE USED TO SUPPORT THE ENERGY EFFICIENCY MODERNIZATION OF A QUANTITATIVE CHEMICAL ANALYSIS LAB true STUDENT FINANCIAL AID 564 317229 7152328 N/A TUITION & FEES PROCEDURES FOR MONITORING THE USE OF GRANT FUNDS INSIDE THE UNITED STATES SCHEDULE I, PAGE 1, PART I, LINE 2 THE GRANTS (SCHOLARSHIPS) MADE BY THE UNIVERSITY ARE A REDUCTION OF THE TUITION AND FEES PAID BY THE STUDENT TO THE SCHOOL. GRANT FUNDS ARE NOT SENT TO OUTSIDE ENTITIES. X true true X X X false true false false false false false false false RICK NIECE 259708 75000 22577 357285 STEVE EDMISTEN 156377 15487 171864 DAN TADDIE 140760 14238 154998 FRINGE OR EXPENSE EXPLANATION SCHEDULE J, PAGE 1, PART I, LINE 1A AS A REQUIREMENT OF HIS EMPLOYMENT, RICK NIECE, PRESIDENT OF THE UNIVERSITY, IS PROVIDED AN ON-CAMPUS RESIDENCE FOR PERSONAL USE. THIS BENEFIT WAS NOT INCLUDED AS TAXABLE COMPENSATION TO THIS INDIVIDUAL. SEVERANCE, NONQUALIFIED, AND EQUITY-BASED PAYMENTS SCHEDULE J, PAGE 1, PART I, LINE 4 RICK NIECE 0 75,000 0 CITY OF CLARKSVILLE ARKANSAS 300632068 2010-06-01 1665000 AQUIRE, CONSTRUCT, AND FURNISH BUILDINGS ON CAMPUS. false false false 1657701 124011 33154 953275 796110 false false false true false false false false false true false false false false false false X 22 545717 MKT VALUE ON DATE OF GIFT false false false FINANCIAL ACCOUNTS IN FOREIGN COUNTRIES FORM 990, PART V, LINE 4B BRITISH VIRGIN ISLANDS, BERMUDA RELATED PARTY INFORMATION AMONG OFFICERS FORM 990, PAGE 6, PART VI, LINE 2 RALPH SCOTT BETTY WORKMAN TRUSTEE TRUSTEE SIBLINGS HARVE TAYLOR ARVID BEAN TRUSTEE TRUSTEE BROTHERS-IN-LAW ORGANIZATION'S PROCESS USED TO REVIEW FORM 990 FORM 990, PAGE 6, PART VI, LINE 11B THE FORM 990 IS PREPARED BY THE UNIVERSITY'S ACCOUNTANTS AND REVIEWED BY THE CFO AND BUSINESS MANAGER. THE FORM 990 IS ALSO PROVIDED TO THE UNIVERSITY'S EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES FOR REVIEW PRIOR TO ITS FILING. ENFORCEMENT OF CONFLICTS POLICY FORM 990, PAGE 6, PART VI, LINE 12C THE UNIVERSITY MONITORS AND ENFORCES THE WRITTEN CONFLICT OF INTEREST POLICY BY REQUESTING EACH DIRECTOR AND OFFICER TO SIGN A STATEMENT THAT THEY HAVE RECEIVED, READ, UNDERSTAND, AND AGREE TO COMPLY WITH THE CONFLICT OF INTEREST POLICY. COMPENSATION PROCESS FOR TOP OFFICIAL FORM 990, PAGE 6, PART VI, LINE 15A THE PROCESS FOR DETERMINING THE COMPENSATION OF THE UNIVERSITY'S CEO IS AS FOLLOWS: THE UNIVERSITY'S EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES ACCUMULATES INFORMATION AS NEEDED FROM VARIOUS SOURCES INSIDE AND OUT OF THE UNIVERSITY. THIS INFORMATION IS THEN USED TO SET THE SALARY AND CONTRACT TERMS OF THE PRESIDENT. COMPENSATION PROCESS FOR OFFICERS FORM 990, PAGE 6, PART VI, LINE 15B THE PROCESS FOR DETERMINING THE COMPENSATION OF THE UNIVERSITY'S OFFICERS IS AS FOLLOWS: OFFICERS OF THE UNIVERSITY ARE SUBJECT TO AN ANNUAL REVIEW WITH THE PRESIDENT AT WHICH TIME THE TERMS AND CONDITIONS OF THEIR EMPLOYMENT ARE REVIEWED AS WELL. INDUSTRY SALARY SURVEYS AND REPORTS ARE REVIEWED ON A REGULAR BASIS BY THE CEO, CFO, AND BUSINESS MANAGER. GOVERNING DOCUMENTS DISCLOSURE EXPLANATION FORM 990, PAGE 6, PART VI, LINE 19 REQUESTS FOR REVIEW OF GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICIES, AND FINANCIAL STATEMENTS ARE EVALUATED ON A CASE BY CASE BASIS UPON RECEIPT. IF DEEMED NECESSARY, DOCUMENTS WILL BE PROVIDED TO THOSE REQUESTING THE INFORMATION. OTHER CHANGES IN NET ASSETS EXPLANATION FORM 990, PART XI, LINE 5 OTHER CHANGE CONSISTS OF UNREALIZED GAIN ON INVESTMENTS. UNIV OF THE OZARKS ALUMNI ASSOC 415 NORTH COLLEGE AVENUE CLARKSVILLE AR 72830 237092414 ALUMNI AR 501C3 11D NA false false false true false false false false false false false true false true true false false false false