2023-04-13T17:36:55-05:00 2022-05-31 882730877 CHERRY BEKAERT ADVISORY LLC 401 EAST JACKSON ST SUITE 1200 TAMPA FL 33602 990 2021-06-01 590637903 RINGLING COLLEGE OF ART AND DESIGN INC RING 9413515100 2700 NORTH TAMIAMI TRAIL SARASOTA FL 34234 LARRY R THOMPSON PRESIDENT 9413597514 2023-04-10 1 LARRY THOMPSON 999009999 AMANDA ADAMS P00748038 8132511010 3 AAL1 IAL1 2021 2023-04-26 12:10:37Z LARRY R THOMPSON 2700 NORTH TAMIAMI TRAIL SARASOTA FL 34234 187935519 0 X WWW.RINGLING.EDU X 1931 FL RINGLING COLLEGE OF ART AND DESIGN IS A SMALL, PRIVATE COLLEGE OFFERING PROGRAMS LEADING TO DEGREES THAT PREPARE STUDENTS TO BE DISCERNING VISUAL THINKERS AND ETHICAL PRACTITIONERS IN THEIR CHOSEN AREA OF ART AND DESIGN. RINGLING'S CURRICULUM BALANCES THE TEACHING OF TECHNICAL KNOWLEDGE AND SKILLS WITH THE DEVELOPMENT OF CRITICAL, CONCEPTUAL, AND CREATIVE ABILITIES AND SUPPORTS COURSES THAT PROVIDE HISTORICAL, MULTICULTURAL, GLOBAL, AND FUTURE PERSPECTIVES. IN ADDITION TO ITS DEGREE PROGRAM, RINGLING COLLEGE OFFERS COURSES, LECTURES, EXHIBITIONS, AND OTHER ART-RELATED SERVICES TO THE LOCAL AND REGIONAL COMMUNITY THROUGH ITS GALLERY, LIBRARY, CONTINUING EDUCATION, AND COMMUNITY SERVICE PROGRAMS. 37 36 1122 295 31388 0 15888102 17694656 89344231 101016203 757690 492348 9796 26659 105999819 119229866 21509748 23831312 0 0 37805104 38784661 3375 17475 2357917 42457901 45338617 101776128 107972065 4223691 11257801 397038640 401598018 183786244 179752485 213252396 221845533 X SEE SCHEDULE O 0 0 70688078 23831312 84003271 TUITION AND FEES: RINGLING COLLEGE OF ART AND DESIGN PROVIDES INSTRUCTION IN VISUAL ARTS EDUCATION TO OVER 1,600 STUDENTS IN FULLY ACCREDITED FOUR-YEAR DEGREE PROGRAMS LEADING TO BFA AND BA DEGREES. 15510591 16251879 AUXILIARY: RINGLING COLLEGE OF ART AND DESIGN OPERATES VARIOUS AUXILIARY ENTERPRISES INCLUDING DINING SERVICES, HOUSING, AND BOOKSTORE SERVICES IN SUPPORT OF A RESIDENTIAL COMMUNITY WHICH SUPPORTS STUDENT DEVELOPMENT AND FOR THE CONVENIENCE OF ITS STUDENTS, FACULTY AND STAFF. 8280248 914273 CONTINUING EDUCATION: RINGLING COLLEGE OF ART AND DESIGN PROVIDES VISUAL AND LIBERAL ARTS INSTRUCTION FOR THE COMMUNITY THROUGH VARIOUS PROGRAMS ON A NON-CREDIT BASIS. 94478917 1 1 0 1 0 0 0 1 1 1 1 0 0 0 1 1 1 0 1 0 1 0 1 1 1 0 0 1 1 1 1 1 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0 0 0 0 1 2044 0 1 1122 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 37 36 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 FL X JENNIFER PRICE 9413094381 2700 N TAMIAMI TRAIL SARASOTA FL 34234 GEORGE MILES CHAIR 1.00 X X 0 0 0 MICHAEL KLINE VICE CHAIR 1.00 X X 0 0 0 ROSEMARY OBERNDORF CO-TREASURER 1.00 X X 0 0 0 DR JOEL MORGANROTH CO-TREASURER 1.00 X X 0 0 0 ALI M BAHAJ SECRETARY 1.00 X X 0 0 0 RAVINDRANATH AKHOURY TRUSTEE 1.00 X 0 0 0 ROBERT BARTNER TRUSTEE 1.00 X 0 0 0 DR RICHARD BASCH TRUSTEE 1.00 X 0 0 0 DR ALEX BEAVERS JR TRUSTEE 1.00 X 0 0 0 ELAINE CROUSE TRUSTEE 1.00 X 0 0 0 MAURICE CUNNIFFE TRUSTEE 1.00 X 0 0 0 ARIANE DART TRUSTEE 1.00 X 0 0 0 RAY DILLMAN TRUSTEE 1.00 X 0 0 0 DEAN EISNER TRUSTEE 1.00 X 0 0 0 JAMES ERICSON TRUSTEE 1.00 X 0 0 0 ROBERT A ESSNER TRUSTEE 1.00 X 0 0 0 PING FAULHABER TRUSTEE 1.00 X 0 0 0 LARRY GARBERDING TRUSTEE 1.00 X 0 0 0 TERI HANSEN TRUSTEE 1.00 X 0 0 0 STEVE HUTCHINSON TRUSTEE 1.00 X 0 0 0 WILLIAM ISAAC TRUSTEE 1.00 X 0 0 0 ARIANNA MCANIFF TRUSTEE 1.00 X 0 0 0 FLORA MAJOR TRUSTEE 1.00 X 0 0 0 NANCY MARKLE TRUSTEE 1.00 X 0 0 0 JEAN MARTIN TRUSTEE 1.00 X 0 0 0 FRANK MARTUCCI TRUSTEE 1.00 X 0 0 0 MARY ANN MEYER TRUSTEE 1.00 X 0 0 0 JONATHAN MITCHELL TRUSTEE 1.00 X 0 0 0 KARL NEWKIRK TRUSTEE 1.00 X 0 0 0 RICHARD E RIVERA TRUSTEE 1.00 X 0 0 0 SAMUEL SAMELSON TRUSTEE 1.00 X 0 0 0 JANET B SCHMIDT TRUSTEE 1.00 X 0 0 0 SAMUEL C SCOTT TRUSTEE 1.00 X 0 0 0 RAJESH K SOIN TRUSTEE 1.00 X 0 0 0 WILLIE M STANFIELD TRUSTEE 1.00 X 0 0 0 DALE STROHL TRUSTEE 1.00 X 0 0 0 JACKIE TILTON TRUSTEE 1.00 X 0 0 0 DR LARRY R THOMPSON PRESIDENT 40.00 X 636664 0 56933 JENNIFER PRICE VP FOR FINANCE & ADMINISTRATION 40.00 X 44468 0 4947 DR TRACY A WAGNER EXECUTIVE VICE PRESIDENT 40.00 X 250552 0 31094 DR PETER A MCALLISTER VP FOR ACADEMIC AFFAIRS 40.00 X 204224 0 24518 DR MAHMOUD PEGAH DIRECTOR OF INSTITUTIONAL TECHNOLOGY 40.00 X 221076 0 23134 STACEY CORLEY VP FOR ADVANCEMENT 40.00 X 215130 0 31980 DR TAMMY WALSH VP FOR STUDENT LIFE/DEAN OF STUDENTS 40.00 X 184103 0 20802 KRIS PEGAH DIRECTOR OF ADMINISTRATIVE COMPUTING 40.00 X 158731 0 17536 JEFFREY SCHWARTZ ASSOC VP FOR ACADEMIC AFFAIRS/DEAN OF UNDERGRAD ST 40.00 X 153479 0 29132 2068427 0 240076 57 0 1 0 WILLIS A SMITH CONSTRUCTION 5001 LAKEWOOD RANCH BLVD N SARASOTA FL 34240 CONSTRUCTION SERVICES 13695043 CHARTWELLS DINING SERVICES 2400 YORKMONT RD CHARLOTTE NC 28217 DINING SERVICES 2123176 CUSTODIAL MAINTENANCE INC 6222 TOWER LANE STE A-7 SARASOTA FL 34240 CUSTODIAL SERVICES 1750396 SARASOTA MEMORIAL HEALTH CARE SYSTEM 1700 SOUTH TAMIAMI TRAIL SARASOTA FL 34239 HEALTH SERVICES 1016141 CONSTELLATION CULINARY GROUP PO BOX 412895 BOSTON MA 02241 CATERING SERVICES 263761 21 27155 505990 3951852 13209659 590055 17694656 TUITION & FEES 900099 83409322 83409322 AUXILIARY SERVICES 900099 16251879 16251879 CONTINUING EDUCATION 900099 914273 914273 440729 440729 101016203 1467403 1467403 135221 151218 -15997 -15997 -15997 66926297 12000 67882444 30908 -956147 -18908 -975055 -975055 271307 505990 412809 -141502 -141502 3245 3695 -450 -450 409187 224579 184608 153220 31388 119229866 101169423 31388 334399 15300 15300 23802324 23802324 13688 13688 1359334 1359334 27734006 23881838 2284759 1567409 921712 763275 147422 11015 8470529 6800095 1652470 17964 299080 153084 134199 11797 78611 13781 64830 128257 128257 35425 35425 17475 17475 170385 170385 10185158 9180924 515749 488485 1172569 652229 443690 76650 2778171 1867031 858531 52609 2144032 1578428 559190 6414 2799406 2714330 843 84233 246036 184516 59955 1565 504552 364736 118515 21301 4900755 4857559 43196 17223126 16503751 719375 2456622 620783 1835839 STUDENT RELATED EXPENSE 288696 288040 656 226816 223205 2611 1000 107972065 94478917 11135231 2357917 38743160 41529868 18645843 16501282 317416 162139 151780 122178 1874296 3574803 413959074 138411370 265628980 275547704 64598259 55013939 2467297 7078906 6678808 397038640 401598018 13091869 12205716 801911 1491874 163501376 159820340 14950 20501 4741618 4468555 1634520 1745499 183786244 179752485 X 144756928 155706629 68495468 66138904 213252396 221845533 397038640 401598018 X 11257801 -2517526 -147138 X 0 1 X 1 1 1 X 18408214 16874251 23230525 15888102 17694656 92095748 18408214 16874251 23230525 15888102 17694656 92095748 9166694 82929054 1730708 2147311 2146239 1126126 1602624 8753008 100848756 445741936 0.82230 0.81880 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 0 0 1 39022 39022 0 PART II-B, LINE 1: THE COLLEGE IS A MEMBER OF AN ASSOCIATION OF INDEPENDENT COLLEGES WHOSE LOBBYING ACTIVITIES ARE RELATED TO THE CONTINUATION OF FLORIDA EFFECTIVE ACCESS TO STUDENT EDUCATION WHICH BENEFITS FLORIDA STUDENTS AT PRIVATE COLLEGES. THE COLLEGE ALSO RETAINS A CONSULTING FIRM FOR REPRESENTATION AS NEEDED BEFORE THE FLORIDA LEGISLATURE, EXECUTIVE BRANCH, AND ANY OTHER LOCAL GOVERNMENT AGENCIES. 73100 5297908 X X 1 0 1 X 66932346 1879236 -2019418 1301800 1258325 64232039 58244083 938441 10863146 1996187 1117137 66932346 54520304 3729714 2934715 1575175 1365475 58244083 53129338 2332285 1030381 1680775 290925 54520304 47488859 4587185 2909744 1606450 250000 53129338 0.32130 0.67870 0.00000 1 0 1700000 33032563 34732563 204850964 66403268 138447696 32120764 2145723 29975041 81252081 53629961 27622120 61002702 16232418 44770284 275547704 ANNUITY PAYABLE 1024982 STUDENT DEPOSITS 720517 1745499 X 95471984 -2517526 112836 -21994015 -24398705 119870689 170385 -811208 -640823 119229866 86878847 112836 18908 792300 924044 85954803 170385 21846877 22017262 107972065 PART III, LINE 1A: COLLECTIONS THE COLLEGE'S POLICY IS TO CAPITALIZE DONATED WORKS OF ART AT FAIR VALUE AND PURCHASED WORKS OF ART AT COST IF NOT PRESERVED AND HELD FOR PUBLIC EXHIBITION OR IF INTENDED TO BE SOLD WITHOUT PROCEEDS USED FOR PURCHASES OF WORKS OF ART. OF THE $6,193,261 AND $6,621,774 PRESENTED IN OTHER NONCURRENT ASSETS ON THE STATEMENTS OF FINANCIAL POSITION, $5,297,908 AND $5,129,808 AS OF MAY 31, 2022 AND 2021, RESPECTIVELY, ARE DONATED WORKS OF ART WHICH ARE BEING HELD WITH THE INTENT OF RESALE AND DO NOT MEET THE DEFINITION OF A COLLECTION. THE COLLEGE'S COLLECTIONS INCLUDE WORKS OF ART THAT ARE MAINTAINED IN THE COLLEGE'S GALLERIES AND LIBRARY AND LOANED TO ON-CAMPUS DEPARTMENTS AND LOCAL ENTITIES. THESE COLLECTIONS ARE PROTECTED AND PRESERVED FOR PUBLIC EXHIBITION, EDUCATION AND RESEARCH. EACH OF THE ITEMS IS CATALOGED, PRESERVED AND CARED FOR, AND ACTIVITIES VERIFYING THEIR EXISTENCE AND ASSESSING THEIR CONDITION ARE PERFORMED PERIODICALLY. THE COLLECTIONS, WHICH WERE ACQUIRED THROUGH PURCHASES AND CONTRIBUTIONS SINCE THE COLLEGE'S INCEPTION, ARE NOT RECOGNIZED AS ASSETS IN THE STATEMENTS OF FINANCIAL POSITION. PURCHASES OF COLLECTION ITEMS ARE RECORDED AS DECREASES IN NET ASSETS WITHOUT DONOR RESTRICTIONS IN THE YEAR IN WHICH THE ITEMS ARE ACQUIRED OR IN NET ASSETS WITH DONOR RESTRICTIONS IF THE ASSETS USED TO PURCHASE THE ITEMS ARE RESTRICTED BY DONORS. PART III, LINE 4: THE COLLEGE'S COLLECTIONS INCLUDE PAINTINGS, PRINTS AND SCULPTURE REFLECTING A MYRIAD OF ARTISTIC STYLES DONATED BY INDIVIDUALS TO THE COLLEGE FOR SELECTIVE PUBLIC DISPLAY. THE COLLECTION SERVES AS AN IMPORTANT CULTURAL RESOURCE FOR OUR STUDENTS, FACULTY, STAFF AND COMMUNITY SERVING TO EDUCATE AND INSPIRE. THE COLLEGE'S COLLECTIONS INCLUDE WORKS OF ART THAT ARE MAINTAINED IN THE COLLEGE'S GALLERIES AND LIBRARY AND LOANED TO ON-CAMPUS DEPARTMENTS AND LOCAL ENTITIES. THESE COLLECTIONS ARE PROTECTED AND PRESERVED AND CARED FOR, AND ACTIVITIES VERIFYING THEIR EXISTENCE AND ASSESSING THEIR CONDITION ARE PERFORMED PERIODICALLY. PART IV, LINE 2B: FUNDS HELD IN CUSTODY FOR OTHERS PRIMARILY RELATED TO STUDENT ORGANIZATIONS. PART V, LINE 4: ENDOWMENT FUNDS ARE USED TO SUPPORT STUDENT SCHOLARSHIPS, ACADEMIC PROGRAMS, MUSEUM AND CONTINUING EDUCATION PROGRAMS, AND INSTITUTIONAL SUPPORT. THE PERCENTAGE REPORTED FOR PERMANENT ENDOWMENTS INCLUDES AMOUNTS THAT MUST BE MAINTAINED IN PERPETUITY AS WELL AS ACCUMULATED EARNINGS ON SUCH AMOUNTS THAT HAVE NOT YET BEEN APPROPRIATED FOR EXPENDITURE. PART X, LINE 2: A RULING FROM THE U.S. TREASURY DEPARTMENT, DATED MAY 19, 1938, STATES THAT RINGLING SCHOOL OF ART IS EXEMPT FROM FEDERAL INCOME TAX UNDER THE PROVISIONS OF 101(6) OF THE REVENUE ACT OF 1936, WHICH IS NOW 501(C)(3) OF THE 1986 INTERNAL REVENUE CODE. HOWEVER, THE COLLEGE'S UNRELATED BUSINESS INCOME IS SUBJECT TO INCOME TAX AT CORPORATE RATES. THE COLLEGE'S POLICY IS TO RECORD A LIABILITY FOR ANY BENEFICIAL TAX POSITION, EXCLUDING ANY RELATED INTEREST AND PENALTIES, WHEN IT IS MORE LIKELY THAN NOT THE POSITION TAKEN BY MANAGEMENT WITH RESPECT TO A TRANSACTION OR CLASS OF TRANSACTIONS WILL BE OVERTURNED BY A TAXING AUTHORITY UPON EXAMINATION. MANAGEMENT BELIEVES THERE ARE NO SUCH POSITIONS AS OF MAY 31, 2022 AND MAY 31, 2021 AND, ACCORDINGLY, NO LIABILITY HAS BEEN ACCRUED. PART XI, LINE 2D - OTHER ADJUSTMENTS: SCHOLARSHIP ALLOWANCE SHOWN NET OF REVENUE ON FINANCIALS -21,838,597. CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS -147,138. AUXILIARY SCHOLARSHIP ALLOWANCE -8,280. PART XI, LINE 4B - OTHER ADJUSTMENTS: FUNDRAISING EVENT EXPENSES -412,809. LOSS ON EQUIPMENT -18,908. COST OF GOODS SOLD -224,578. GAMING EXPENSES -3,695. RENTAL EXPENSES -151,218. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EVENT EXPENSES 412,809. COST OF GOODS SOLD 224,578. GAMING EXPENSES 3,695. RENTAL EXPENSES 151,218. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIP ALLOWANCE SHOWN NET OF REVENUE ON FINANCIALS 21,838,597. AUXILIARY SCHOLARSHIP ALLOWANCE 8,280. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 THE POLICY IS PUBLISHED ON THE COLLEGE'S WEBSITE FOR PROSPECTIVE STUDENT APPLICANTS. SCHEDULE E, PART I, LINE 6 FINANCIAL AID OR ASSISTANCE FROM A GOVERNMENTAL AGENCY IS DISTRIBUTED TO STUDENTS USING FEDERALLY APPROVED FINANCIAL NEED ANALYSIS CRITERIA. 1 CENTRAL AMERICA AND THE CARIBBEAN 0 0 PROGRAM SERVICES RECRUITING 202 EAST ASIA AND THE PACIFIC 0 0 PROGRAM SERVICES RECRUITING 25008 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 PROGRAM SERVICES RECRUITING 1640 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 PROGRAM SERVICES STUDY ABROAD 14636 MIDDLE EAST AND NORTH AFRICA 0 0 PROGRAM SERVICES STUDY ABROAD 310 NORTH AMERICA 0 0 PROGRAM SERVICES SEMINARS & CONFERENCES 789 SUB-SAHARAN AFRICA 0 0 PROGRAM SERVICES SEMINARS & CONFERENCES 131 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 GRANTS TO RECIPIENTS LOCATED IN THE REGION 9500 SUB-SAHARAN AFRICA 0 0 GRANTS TO RECIPIENTS LOCATED IN THE REGION 4188 NORTH AMERICA 0 0 INVESTMENTS 2467297 0 0 0 0 0 0 52216 2471485 2523701 STUDIES ABROAD EUROPE (INCLUDING ICELAND & GREENLAND) 2 9500 CHECK TRAVEL EXPENSES SUB-SAHARAN AFRICA 1 4188 CHECK 1 0 1 0 0 0 PART I, LINE 2: THE ORGANIZATION FACILITATES FUNDING OF STUDENT PROJECTS RELATED TO THE INSTITUTIONAL MISSION, WHICH MAY OCCUR IN A FOREIGN COUNTRY. ALL EXPENSES ARE SUBSTANTIATED UNDER AN ACCOUNTABLE PLAN TO ENSURE APPROPRIATE USE OF FUNDS. PART I, LINE 3: EXPENDITURES ARE RECORDED ON AN ACCRUAL BASIS. PART III ACCOUNTING METHOD: X X X X X X X 1 BENTZ WHALEY FLESSNER 7900 XERXES SOUTH SUITE 980 MINNEAPOLIS MN 55431 STRATEGIC FUNDRAISING CONSULTANT 0 0 8375 -8375 MARK D TAYLOR 1900 NORTH PEARL STREET SUITE 1500 DALLAS TX 75201 GRANT WRITER 0 0 9100 -9100 17475 -17475 FL AVANT GARDE 483167 319753 163414 22286 121372 10687 101446 GOLF TOURNAMENT 226330 118437 107893 21229 821 37222 1 67800 67800 2551 67191 28004 777297 505990 271307 24837 209792 11508 166672 412809 -141502 1 ECONOMIC DEVELOPMENT CORPORATION 1680 FRUITVILLE RD STE 402 SARASOTA FL 34236 201133191 501(C)(6) 6500 0 GENERAL SUPPORT AMERICAN JEWISH COMMITTEE (AJC) 165 EAST 56TH STREET NEW YORK NY 100222709 135563393 501(C)(3) 8800 0 AWARD EVENT SUPPORT 1 1 SCHOLARSHIPS & GRANTS 1629 1922291 21838597 FMV SCHOLARSHIP ALLOWANCES AND STUDENT RELATED EXPENSES STUDENT AWARDS 33 26551 PRE-COLLEGE SCHOLARSHIPS 10 14885 PART I, LINE 2: DISBURSEMENTS TO STUDENTS RECEIVING FINANCIAL AID ARE MADE IN ACCORDANCE WITH INSTITUTIONAL PROCEDURES TO ENSURE THAT THOSE RECEIVING AID ARE QUALIFYING RECIPIENTS. FEDERAL FINANCIAL AID AND/OR ASSISTANCE FROM GOVERNMENTAL AGENCIES IS DISTRIBUTED AND MONITORED IN ACCORDANCE WITH FEDERALLY APPROVED NEED ANALYSIS CRITERIA OR OTHER AGENCY PROVIDED CRITERIA. IN ADDITION TO STUDENT FINANCIAL AID, THE COLLEGE ALSO PROVIDES ASSISTANCE TO ORGANIZATIONS IN SUPPORT OF COMMUNITY GOALS THAT ALIGN WITH THE MISSION OF THE COLLEGE. AS THE COLLEGE IS SELECTIVE IN WHICH ORGANIZATIONS IT SUPPORTS, MONITORING OF THE FUNDS IS NOT A PART OF THE AWARD PROCESS AFTER FUNDING HAS TAKEN PLACE. X X X X X 0 1 X X X X 0 1 0 0 0 0 0 1 0 DR LARRY R THOMPSON PRESIDENT 396433 0 100000 0 140231 0 14250 0 42683 0 693597 0 0 0 DR TRACY A WAGNER EXECUTIVE VICE PRESIDENT 222627 0 0 0 27925 0 12545 0 18549 0 281646 0 0 0 STACEY CORLEY VP FOR ADVANCEMENT 180266 0 0 0 34864 0 11172 0 20808 0 247110 0 0 0 DR MAHMOUD PEGAH DIRECTOR OF INSTITUTIONAL TECHNOLOGY 198330 0 0 0 22746 0 11064 0 12070 0 244210 0 0 0 DR PETER A MCALLISTER VP FOR ACADEMIC AFFAIRS 191643 0 0 0 12581 0 10295 0 14223 0 228742 0 0 0 DR TAMMY WALSH VP FOR STUDENT LIFE/DEAN OF STUDENTS 175626 0 0 0 8477 0 1775 0 19027 0 204905 0 0 0 JEFFREY SCHWARTZ ASSOC VP FOR ACADEMIC AFFAIRS/DEAN O 145017 0 0 0 8462 0 8152 0 20980 0 182611 0 0 0 KRIS PEGAH DIRECTOR OF ADMINISTRATIVE COMPUTING 142954 0 0 0 15777 0 7922 0 9614 0 176267 0 0 0 PART I, LINE 1A DR. LARRY R. THOMPSON, PRESIDENT RECEIVES A TAXABLE HOUSING ALLOWANCE AND GROSS-UP PAYMENT WHICH IS REPORTED AS REPORTABLE COMPENSATION ON FORM 990, PAGE 7, PART VII, SECTION A, COLUMN D AND SCHEDULE J, PAGE 2, PART II, COLUMN B(III). THE ORGANIZATION PAYS COUNTRY CLUB AND SOCIAL CLUB DUES ON BEHALF OF DR. LARRY R. THOMPSON, PRESIDENT. PERSONAL USE IS NOT REIMBURSED, BUT THE PAYMENT FOR COUNTRY CLUB AND SOCIAL CLUB DUES IS TAXABLE TO THE EMPLOYEE AND IS REPORTED AS REPORTABLE COMPENSATION ON FORM 990, PAGE 7, PART VII, SECTION A, COLUMN D AND SCHEDULE J, PAGE 2, PART II, COLUMN B(III). THE ORGANIZATION PROVIDED A GROSS-UP PAYMENT TO LARRY R. THOMPSON, PRESIDENT FOR THE TAXES ON THE PORTION OF COUNTRY CLUB AND SOCIAL CLUB DUES ATTRIBUTABLE TO BUSINESS USE. THE ORGANIZATION PAID FOR TAXABLE PHYSICIAN SERVICES ON BEHALF OF DR. LARRY R. THOMPSON, PRESIDENT WHICH IS REPORTED AS REPORTABLE COMPENSATION ON FORM 990, PAGE 7, PART VII, SECTION A, COLUMN D AND SCHEDULE J, PAGE 2, PART II, COLUMN B(III). THE ORGANIZATION PAYS YACHT CLUB DUES ON BEHALF OF STACEY CORLEY, VICE PRESIDENT FOR ADVANCEMENT. PERSONAL USE IS NOT REIMBURSED, BUT THE PAYMENT FOR YACHT CLUB DUES IS TAXABLE TO THE EMPLOYEE AND IS REPORTED AS REPORTABLE COMPENSATION ON FORM 990, PAGE 7, PART VII, SECTION A, COLUMN D AND SCHEDULE J, PAGE 2, PART II, COLUMN B(III). THE ORGANIZATION PROVIDED A GROSS-UP PAYMENT TO STACEY CORLEY, VICE PRESIDENT FOR ADVANCEMENT FOR THE TAXES ON THE PORTION OF YACHT CLUB DUES ATTRIBUTABLE TO BUSINESS USE. THE ORGANIZATION ALSO PAYS FOR CERTAIN TRAVEL EXPENSES FOR DR. THOMPSON'S SPOUSE WHEN IT SERVES THE NEEDS OF THE COLLEGE TO HAVE HIS SPOUSE PRESENT FOR VARIOUS COLLEGE FUNCTIONS. THIS IS TREATED AS NONTAXABLE SINCE HER ATTENDANCE IS REQUIRED FOR CERTAIN DONOR EVENTS. THE ORGANIZATION ALSO PAYS FOR FIRST-CLASS OR PREMIER CLASS TRAVEL FOR THE PRESIDENT, HIS SPOUSE, AND THE VICE PRESIDENT FOR ADVANCEMENT ON AN INFREQUENT BASIS, MOST NOTABLY FOR LONG-DISTANCE INTERNATIONAL TRAVEL. PART I, LINE 1B THE BOARD OF TRUSTEES EXECUTIVE COMMITTEE DETERMINED THAT THE COLLEGE WOULD PROVIDE THE HOUSING ALLOWANCE, GROSS-UP PAYMENTS, SOCIAL CLUB DUES, AND PHYSICIAN SERVICES FOR THE PRESIDENT (DESCRIBED ABOVE) AND THOSE BENEFITS ARE INCLUDED IN THE PRESIDENT'S APPOINTMENT LETTER FROM THE BOARD OF TRUSTEES. THE BOARD OF TRUSTEES EXECUTIVE COMMITTEE DETERMINED THAT THE PRESIDENT COULD AUTHORIZE THE COLLEGE TO PROVIDE THE YACHT CLUB DUES FOR STACEY CORLEY, VICE PRESIDENT FOR ADVANCEMENT AND THOSE BENEFITS ARE INCLUDED IN HER LETTER OF APPOINTMENT. THE BOARD OF TRUSTEES EXECUTIVE COMMITTEE DETERMINED THAT PRESIDENT, DR. LARRY R. THOMPSON COULD AUTHORIZE THE COLLEGE TO PROVIDE A GROSS-UP PAYMENT TO STACEY CORLEY, VICE PRESIDENT FOR ADVANCEMENT FOR THE TAXES ON THE PORTION OF YACHT CLUB DUES ATTRIBUTABLE TO BUSINESS USE. PART I, LINE 4B THE COLLEGE MAINTAINS A SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN FOR DR. LARRY R. THOMPSON, PRESIDENT. ALL CONTRIBUTIONS TO THAT PLAN WERE FROZEN FOR PERIODS AFTER MAY 31, 2012. PLAN RULES REQUIRE THAT FUNDS BE DISTRIBUTED ONLY UPON SEPARATION FROM EMPLOYMENT. SINCE THE PLAN IS FROZEN, NO CONTRIBUTIONS WERE MADE TO THE PLAN DURING THE FISCAL YEAR. PART I, LINE 7 BASED ON THE PERFORMANCE OF THE INSTITUTION, THE COMPENSATION COMMITTEE, A SUB-COMMITTEE OF THE EXECUTIVE COMMITTEE, DETERMINED THAT DR. LARRY R. THOMPSON, PRESIDENT WOULD RECEIVE A BONUS OF $100,000. THE COMPENSATION COMMITTEE DETERMINES ANNUALLY WHETHER A BONUS IS TO BE PAID AND THE AMOUNT. A HIGHER EDUCATION FACILITIES FINANCING AUTHORITY 900058227 34073TKB2 2017-11-01 99656259 REFUND SERIES 2010; FUND 2017 PROJECTS 0 0 0 B HIGHER EDUCATION FACILITIES FINANCING AUTHORITY 900058227 34073TMJ3 2019-07-25 47997378 FUND 2019 PROJECTS (HOUSING/DINING) 0 0 0 C HIGHER EDUCATION FACILITIES FINANCING AUTHORITY 900058227 000000000 2019-05-31 13370000 CURRENTLY REFUND SERIES 2009 ISSUE 0 0 0 D HIGHER EDUCATION FACILITIES FINANCING AUTHORITY 900058227 000000000 2019-05-31 12045000 CURRENTLY REFUND SERIES 2014 ISSUE 0 0 0 A 1505000 100612441 1446748 812215 54853451 43500000 27 2021 1 0 1 1 B 595000 48381358 2626001 487562 30862881 14404914 0 0 0 1 C 2215000 13370000 13370000 2006 1 0 1 1 D 4185000 12045000 12045000 2009 1 0 1 1 A 0 0 1 1 0 0.01300 0.00000 0.01300 0 0 1 B 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 C 0 0 1 1 0 0.01900 0.00000 0.01900 0 0 1 D 0 0 1 1 0 0.04200 0.00000 0.04200 0 0 1 A 0 1 0 0 0 0 0 1 1 B 0 1 0 0 0 0 0 0 1 C 0 0 1 0 1 0 0 0 1 D 0 0 1 0 1 0 0 0 1 A 1 B 1 C 1 D 1 SCHEDULE K, PART II, LINE 3, COLUMNS A AND B: THESE LINES INCLUDE INVESTMENT EARNINGS SCHEDULE K, PART II, LINE 11, COLUMNS A, C AND D: PROCEEDS SPENT TO REFUND REFUNDED BONDS OR OTHER DEBT 8000 SCHOLARSHIP EDUCATION X 2 73100 FMV/APPRAISAL X 10 131602 FMV X COMPUTER EQUIPMENT 1 388353 FMV 1 0 1 1 PART I, LINE 32B: THIRD PARTY AUCTION COMPANIES ARE HIRED TO LIQUIDATE ARTWORK DONATIONS. FORM 990, PART III, LINE 1 RINGLING COLLEGE OF ART AND DESIGN, INC'S PRIMARY MISSION IS TO PROVIDE PROGRAMS LEADING TO DEGREES THAT PREPARE STUDENTS TO BE DISCERNING VISUAL THINKERS AND ETHICAL PRACTITIONERS IN THEIR CHOSEN AREA OF ART AND DESIGN. RINGLING COLLEGE OF ART AND DESIGN STRIVES TO ENROLL BOTH FULL- AND PART-TIME STUDENTS FROM DIVERSE BACKGROUNDS WHO INTEND TO BECOME PROFESSIONALS IN THE VISUAL ARTS. THROUGH ITS POLICIES AND PRACTICES, THE COLLEGE SUPPORTS EXCELLENCE IN TEACHING AND FOSTERS THE AESTHETIC, INTELLECTUAL, PROFESSIONAL, PERSONAL, AND SOCIAL DEVELOPMENT OF ITS STUDENTS. ACADEMIC PROGRAMS AND ADVISING, CAREER SERVICES, AND AN EXTENSIVE CO-CURRICULAR STUDENT LIFE PROGRAM PREPARE STUDENTS FOR AN ART OR DESIGN PROFESSION, OR WHEN APPROPRIATE, FOR CONTINUED STUDIES ON THE GRADUATE LEVEL. IN ADDITION TO ITS DEGREE PROGRAM, RINGLING COLLEGE OFFERS COURSES, LECTURES, EXHIBITIONS AND OTHER ART-RELATED SERVICES TO THE LOCAL AND REGIONAL COMMUNITY THROUGH ITS GALLERY, LIBRARY, CONTINUING EDUCATION, AND COMMUNITY SERVICE PROGRAMS. FORM 990, PART VI, SECTION B, LINE 11B THE AUDIT COMMITTEE REVIEWS THE DRAFT REPORT WITH THE INDEPENDENT AUDIT FIRM AND COLLEGE STAFF PRIOR TO THE PUBLIC DISCLOSURE COPY BEING PROVIDED TO THE BOARD OF TRUSTEES. THIS MAINTAINS THE DONOR'S REQUESTS TO STAY ANONYMOUS. FORM 990, PART VI, SECTION B, LINE 12C IN THE EVENT OF A POTENTIAL CONFLICT, THE TRUSTEE IN QUESTION WILL RECUSE THEMSELVES FROM ANY DISCUSSION OR VOTE. THE COLLEGE ANNUALLY PROVIDES A CONFLICT OF INTEREST POLICY AND FORM TO ALL TRUSTEES AND KEY EMPLOYEES TO DISCLOSE ALL CONFLICTS OF INTEREST. THESE RESPONSES ARE REVIEWED TO DETERMINE IF THERE ARE ANY POTENTIAL ISSUES OR ITEMS FOR DISCLOSURE. FORM 990, PART VI, SECTION B, LINE 15 THE PRESIDENT IS EVALUATED ANNUALLY BY THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES. THE COMPENSATION COMMITTEE, A SUB-COMMITTEE OF THE EXECUTIVE COMMITTEE, IS RESPONSIBLE FOR THE ANNUAL EVALUATION AND FOR RECOMMENDATIONS CONCERNING COMPENSATION, PERSONNEL ACTIONS AND OTHER EMPLOYMENT ISSUES RELATED TO THE APPOINTMENT OF THE PRESIDENT. THE COMMITTEE CONDUCTS AN ANNUAL PERFORMANCE APPRAISAL, COLLECTS AND EVALUATES COMPARATIVE SALARY DATA FROM ASSOCIATION OF INDEPENDENT COLLEGES OF ART AND DESIGN (AICAD), 990 DATA, AND PROVIDES A RECOMMENDATION FOR THE PRESIDENT'S ANNUAL COMPENSATION TO THE EXECUTIVE COMMITTEE. THE MEMBERS OF THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES AND/OR THE FULL BOARD OF TRUSTEES CONDUCT A PERFORMANCE ASSESSMENT. THE EXECUTIVE COMMITTEE REPORTS THE DELIBERATIONS AND RECOMMENDATION TO THE BOARD OF TRUSTEES. THE PRESIDENT EVALUATES AND DETERMINES THE COMPENSATION OF EACH SENIOR OFFICER. THE PRESIDENT REVIEWS THE COMPARATIVE DATA FROM THE ASSOCIATION OF INDEPENDENT COLLEGES OF ART AND DESIGN (AICAD) FOR EACH OF THE SENIOR OFFICERS WITH THE COMPENSATION COMMITTEE. THE EXECUTIVE VICE PRESIDENT, THE VICE PRESIDENT FOR FINANCE AND ADMINISTRATION, THE VICE PRESIDENT FOR ACADEMIC AFFAIRS, THE VICE PRESIDENT FOR ADVANCEMENT, THE VICE PRESIDENT FOR ENROLLMENT MANAGEMENT & MARKETING, AND THE VICE PRESIDENT FOR STUDENT LIFE ARE SENIOR OFFICERS. DOCUMENTATION INCLUDES THE DATA USED IN REVIEW AND NOTES TAKEN AT THE COMPENSATION COMMITTEE AND EXECUTIVE COMMITTEE MEETINGS OF PERFORMANCE REVIEW, DATA REVIEW AND DELIBERATIONS. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS -147,138.