2023-04-17T14:46:25-07:00 2022-05-31 990 2021-06-01 590624440 ROLLINS COLLEGE ROLL 4076462475 1000 Holt Ave - CB 2715 Winter Park FL 32789 William Short AVP for Finance and Asst Treasurer 4076462475 2023-04-17 1 11 1 AAL2 X X 2021 2023-04-26 12:10:37Z William H Short 1000 Holt Ave - CB 2715 Winter Park FL 32789 220862751 0 X www.rollins.edu X 1885 FL Rollins College educates students for global citizenship and responsible leadership, empowering graduates to pursue meaningful lives and productive careers. We are committed to liberal arts ethos and guided by its values. 33 32 1766 700 4637342 4636342 30245080 28756058 149967159 161872275 24012200 19701431 1785438 7468160 206009877 217797924 61856264 62782352 0 68142510 73365052 142255 160687 4693433 46344431 60027685 176485460 196335776 29524417 21462148 852650336 852704104 246343758 238375754 606306578 614328350 X Education and Public Service Mission: Rollins College educates students for global citizenship and responsible leadership, empowering graduates to pursue meaningful lives and productive careers. We are committed to liberal arts ethos and guided by its values. 0 0 154423307 62782352 136336488 Rollins College provided liberal arts and graduate educational courses to 3,057 students who took a combined 96,007 credit hours of classes; a total of 593 undergraduate and 250 graduate degrees were awarded; and a variety of other educational and cultural programs were offered to the community during the fiscal year ended May 31, 2022. 20750083 0 25535787 Rollins College operated various auxiliary enterprises including dining facilities, housing and other services for the convenience and well-being of its student, faculty and staff. 0 0 0 175173390 1 1 0 0 0 0 0 1 0 1 1 0 0 0 1 1 0 1 1 0 1 0 1 1 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 1 0 1 1 0 0 1 0 0 0 0 1 4729 0 1 1766 1 1 1 0 0 0 1 1 0 0 0 0 0 0 0 X 33 32 0 0 0 0 0 0 0 1 1 0 1 1 0 1 1 1 1 1 1 1 0 FL X X X William H Short 4076462475 1000 Holt Ave CB 2715 Winter Park FL 32789 Grant Cornwell President 50 0 X X 1097382 0 45015 Laurie K Houck Vice President 50 0 X 403013 0 52145 Edward A Kania Vice President 50 0 X 393686 0 54902 Susan R Singer Vice President 50 0 X 365496 0 44826 Deborah Crown Dean Crummer Business 50 0 X 335843 0 52145 Faye Tydlaska Vice President 50 0 X 287154 0 57376 Samuel A Stark Vice President 50 0 X 270087 0 55808 Keenan Yoho Professor 50 0 X 209091 0 54732 William Seyfried Assoc Dean 50 0 X 212101 0 48801 Mark Johnston Professor 50 0 X 211430 0 36439 Greg W Marshall Professor 50 0 X 199864 0 40388 William H Short Asst Treasurer 50 0 X 179389 0 42736 Donna A Lee Vice President 50 0 X 191955 0 19675 Lorraine M Kyle Asst Secretary 50 0 X 146537 0 36373 Kathryn G Nichols Asst Secretary 50 0 X 56163 0 40015 Rodney C Atkins Trustee 5 0 X 0 0 0 Theodore B Alfond Vice Chairman 5 0 X X 0 0 0 Francis H Barker Trustee 5 0 X 0 0 0 Christine Barrett Trustee 5 0 X 0 0 0 Bruce A Beal Trustee 5 0 X 0 0 0 William H Bieberbach Trustee 5 0 X 0 0 0 Campbell P Brown Trustee 5 0 X 0 0 0 Peter S Cahall Trustee 5 0 X 0 0 0 Moschell A Coffey Trustee 5 0 X 0 0 0 Orlando L Evora Trustee 5 0 X 0 0 0 Alan H Ginsburg Trustee 5 0 X 0 0 0 Carroll Hanley Goggin Trustee 5 0 X 0 0 0 Rick Goings Trustee 5 0 X 0 0 0 Thomas J Hauske Jr Trustee 5 0 X 0 0 0 Susan Whealler Johnston Chairman 5 0 X X 0 0 0 Allan E Keen Trustee 5 0 X 0 0 0 Amir A Laden Trustee 5 0 X 0 0 0 Gerald F Ladner Secretary 5 0 X X 0 0 0 David H Lord Trustee 5 0 X 0 0 0 Patricia Loret de Mola Trustee 5 0 X 0 0 0 Eric Marshall Trustee 5 0 X 0 0 0 Harold F Mills Trustee 5 0 X 0 0 0 John C Myers III Trustee 5 0 X 0 0 0 Robert B Ourisman Trustee 5 0 X 0 0 0 Kathleen W Rollins Trustee 5 0 X 0 0 0 Eric A Spiegel Trustee 5 0 X 0 0 0 Philip E Tiedtke Trustee 5 0 X 0 0 0 Jeffrey N Vahle Trustee 5 0 X 0 0 0 Stacy Van Praagh Trustee 5 0 X 0 0 0 Erin J Wallace Trustee 5 0 X 0 0 0 Victor A Zollo Jr Trustee 5 0 X 0 0 0 4559191 0 681376 96 0 1 0 EAB Global Inc PO Box 603519 Charlotte NC 282603519 Student Search Engine 682932 Paul J Day Le Ferme Du Moulin Sainte Sabine Bourgogne FR 21320 Sculptor 364365 Prime Buchholz and Assoc Inc PO Box 16011 Lewiston ME 042439588 Investment Consulting 318014 Swish LLC PO Box 721648 Orlando FL 32827 Digital Advertising 292500 Ellucian Company LP 32578 Collections Center Drive Chicago IL 60693 Banner Tech Support 256082 19 0 0 0 0 8325000 20431058 5113822 28756058 Student Tuition 611310 133124983 133124983 0 0 Auxiliary Res Hall, Dining 611310 25535787 25535787 0 0 All other revenue 611310 2427387 2427387 0 0 Philanthrophy and other programs 611310 424020 424020 0 0 Other student fees 611310 360098 360098 0 0 0 0 0 0 161872275 5466427 26683 0 5439744 0 0 0 0 41309 41309 0 0 4963428 0 3044158 0 1919270 0 1919270 0 0 1919270 14255673 0 20669 0 14235004 0 14235004 0 0 14235004 0 Langford RCI, LLC 721110 4637342 0 4637342 0 870239 0 0 870239 5507581 217797924 161940267 4637342 22464257 0 62690220 62690220 92132 92132 3752048 3296890 455158 51108958 44698308 4424294 1986356 4922261 4220692 483108 218461 9852972 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477285572 472995150 606306578 614328350 852650336 852704104 X 21462148 -14175188 0 593266 0 141546 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 X X X X X Public Tours, Lectures, Etc. 0 460276935 20579519 4793059 5958590 12111087 341990 467237846 363485128 6149741 109870102 6107353 12829952 290731 460276935 373011559 5048728 5198400 6093915 12897300 782344 363485128 383703887 5311451 2976341 5745668 12384380 850072 373011559 364416431 8199927 29652990 5568847 11886875 1109739 383703887 0.18 0.82 0 1 0 0 38720152 38720152 0 357351277 130549437 226801840 0 18560595 13440602 5119993 0 24705814 22290310 2415504 0 61978264 26998126 34980138 308037627 Annuity and life income payable 2754202 Deferred tax liability -486701 Government advances for student loans 330585 Swap value liability 789141 3387227 X Schedule D, Part III, Line 1 The College does not record or capitalize its collections of works of art, historical treasures or similar assets. These collections are held for public exhibition, education and research in furtherance of the College's educational and public service mission. The collections are appropriately cared for and preserved and are subject to a College policy that requires the proceeds from sales, if any, of collection items to be used to acquire other items for the collection. Schedule D, Part III, Line 4 The Rollins Museum of Art collection: The Rollins Museum of Art has more than 5,600 works of art ranging from antiquity to contemporary and including the only European Old Masters collection in the Orlando area, a sizable American Art Collection, and the forward-looking Alfond Collection of Contemporary Art, shown both on campus and at The Alfond Inn. The display of a significant part of the contemporary collection at The Alfond Inn has taken the museum beyond the campus, effectively bringing our teach mission into community and increasing the visibility of the collection exponentially. The Rollins Museum of Art mission and how accomplished: The Rollins Museum of Art at Rollins College is a teaching museum that stimulates the transformative encounters with works of art and integrates art learning into daily life for campus and community. The museum educates, enriches and engages students and the public through original exhibitions drawn from the collection and on loan from US and International museums. Museum programs include audio tours and gallery talks (both at the museum and at The Alfond Inn), lectures, panel discussions, as well as hands-on activities, special tours and scavenger hunts for the younger visitors. The museum has a robust K-12 outreach program to schools in the Orange and neighboring counties. The museum also offers free admission and free programs to all visitors. Schedule D, Part V, Line 4 Endowment distribution supports expenditures such as Scholarships, Professor Salaries & Faculty Development, Library Resources, the Athletic Program, the Cornell Fine Arts Museum, Academic Program Support and Plant Maintenance. Schedule D, Part X, Line 2 The College's policy is to record a liability for any tax position taken that is beneficial to the College, including 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. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 Schedule E, Part I, Line 3 Nondiscriminatory policies are stated in advertisements, soliciting student enrollment, in class schedules and in student recruiting brochures. Schedule E, Part I, Line 6 The college receives grants for research, training, and financial aid from various federal agencies and the State of Florida. 1 Europe (including Iceland and Greenland) Program Services Semester Study Abroad - Asutrias, Spain 49390 Europe (including Iceland and Greenland) Program Services Semester Study Abroad - London & Lancaster 462271 Europe (including Iceland and Greenland) Program Services Semester Study Abroad - Ireland 31612 Europe (including Iceland and Greenland) Program Services Semester Study Abroad - Italy 266340 Europe (including Iceland and Greenland) Program Services Semester Study Abroad - France 79930 Europe (including Iceland and Greenland) Program Services Semester Study Abroad - Greece 58200 Sub-Saharan Africa Program Services Semester Study Abroad - Uganda 20005 Middle East and North Africa Program Services Semester Study Abroad - Jordan 18727 Europe (including Iceland and Greenland) Program Services Semester Study Abroad - Portugal, Iceland, Greenland, Netherlands 60511 Middle East and North Africa Program Services Short-term Study Abroad - Egypt 28856 Europe (including Iceland and Greenland) Program Services Short-term Study Abroad - Greece 37578 Central America and the Caribbean Program Services Short-term Study Abroad - Cost Rica 50961 Central America and the Caribbean Program Services Short-term Study Abroad - Dominican Republic 22036 Europe (including Iceland and Greenland) Program Services Short-term Study Abroad - Poland & France 41958 Europe (including Iceland and Greenland) Program Services Short-term Study Abroad - Italy 28590 0 0 1256965 Scholarships Europe (including Iceland and Greenland) 6 92132 Scholarships FMV 1 0 1 1 1 0 Schedule F, Part I, Line 2 Potential grant recipients complete application forms specific to particular grant funding sources. The Financial Aid Office reviews applications to assure that eligibility requirements such as GPA, credit hours, residency and enrollment status are met. Student applicants receive an award letter identifying the funding programs and award amounts are applied as non-cash credit to the student accounts receivable to further assure that proceeds are utilized for the intended purposes. The Registrar's Office provides information such as withdrawal notices to facilitate the Financial Aid Office in periodically monitoring eligibility criteria and assuring that funds not utilized for the intended purpose are returned to the original funding program. X X X X X X 1 Washburn & McGoldrick LLC 24 N Bryn Mawr Ave Suite 252 Bryn Mawr PA 19010 Consulting & Training 0 142501 142501 0 Pentera Inc 8560 Commerce PK Indianopolis IN 46268 Planning and Marketing 0 18186 18186 0 160687 160687 0 AK AL AR CA CO CT DC FL HI LA MA MD ME MI MN MO MS NC NH NY OH OK OR UT VA WA WV 1 Scholarships - Crummer Graduate School 265 939370 Tuition and related expenses Scholarships - Hamilton Holt School 16 9877 Tuition and related expenses Endowed Scholarships 1023 18540643 Tuition and related expenses Donated Scholarships 99 579788 Tuition and related expenses Merit Scholarships 1266 25324051 Tuition and related expenses Athletic Scholarships 202 4771301 Tuition and related expenses Rollins Grants 782 10275552 Tuition and related expenses Cornell Scholars 32 2040033 Tuition and related expenses Government grants - college match 238 122099 Tuition and related expenses Other Assistance 91 179639 Tuition and related expenses Schedule I, Part I, Line 2 Potential grant recipients complete application forms specific to particular grant funding sources. The Financial Aid Office reviews applications to assure that eligibility requirements such as GPA, credit hours, residency and enrollment status are met. Student applicants receive an award letter identifying the funding programs and award amounts are applied as non-cash credit to the student accounts receivable to further assure that proceeds are utilized for the intended purposes. The Registrar's Office provides information such as withdrawal notices to facilitate the Financial Aid Office in periodically monitoring eligibility criteria and assuring that funds not utilized for the intended purpose are returned to the original funding program. X X X X 1 1 X X X X X X 0 1 0 0 0 0 0 0 0 Grant Cornwell President 1097382 0 0 0 0 0 33350 0 11665 0 1142397 0 0 0 Laurie K Houck Vice President 403013 0 0 0 0 0 33350 0 18795 0 455158 0 0 0 Edward A Kania Vice President 393686 0 0 0 0 0 33350 0 21552 0 448588 0 0 0 Susan R Singer Vice President 365496 0 0 0 0 0 33350 0 11476 0 410322 0 0 0 Faye Tydlaska Vice President 287154 0 0 0 0 0 29433 0 27943 0 344530 0 0 0 Samuel A Stark Vice President 270087 0 0 0 0 0 27600 0 28208 0 325895 0 0 0 William H Short Asst Treasurer 179389 0 0 0 0 0 20786 0 21950 0 222125 0 0 0 Donna A Lee Vice President 191955 0 0 0 0 0 11979 0 7696 0 211630 0 0 0 Lorraine M Kyle Asst Secretary 146537 0 0 0 0 0 16682 0 19692 0 182911 0 0 0 Deborah Crown Dean Crummer Business 335843 0 0 0 0 0 33350 0 18795 0 387988 0 0 0 Keenan Yoho Professor 209091 0 0 0 0 0 21974 0 32758 0 263823 0 0 0 William Seyfried Assoc Dean 212101 0 0 0 0 0 19384 0 29416 0 260901 0 0 0 Mark Johnston Professor 211430 0 0 0 0 0 20247 0 16192 0 247869 0 0 0 Greg W Marshall Professor 199864 0 0 0 0 0 20247 0 20140 0 240251 0 0 0 Schedule J, Part I, Line 1a In general, companion travel is reimbursable only is the accompanying person has a position with the college and is traveling to make a significant contribution in furtherance of college business. Exceptions to this policy must be approved in advance of travel. President housing/personal services as a condition of employment and for the convenience of the college, the president is required to live in the Barker House on campus. This residence is used frequently for college business including official gatherings of faculty, staff, student, alumni, donors and their families. As part of a program of appropriate and regular maintenance of this house, the college provides cleaning service for the public and private areas. Three officers received an annual membership to a local country club. Schedule J, Part I, Line 4 Grant Cornwell - Deferred compensation includes $68,301.95 of income that was unearned as of May 31, 2022. Edward Kania - Deferred compensation includes $14,994.87 of income that was unearned as of May 31, 2022. Faye Tydlaska - Deferred compensation includes $20,000.00 of income that was unearned as of May 31, 2022. A Higher Education Facilities Financing Authority-2012 900058227 34073TDT1 2012-03-14 48635258 Refund 02 OCEFA & Renovations 0 0 0 B Higher Education Facilities Financing Authority-2016AB 900058227 34073TJE8 2016-08-18 38160904 Refund 07 OCEFA&Acq/Imp ed facility 0 0 0 C Higher Educational Facilities Financing Authority-2020 900058227 34073TNQ6 2020-10-29 127649568 See Part IV 0 0 0 A 36120000 0 48635258 0 0 0 434421 0 0 30835953 17364884 0 2013 0 1 1 1 B 2335000 0 38160604 0 0 0 4796 0 0 15000000 23156108 0 2018 0 1 1 1 C 0 0 127649568 0 0 0 919568 0 0 19954079 103730000 3045921 1 0 0 0 A 0 0 0 0 0 0 1 B 0 0 0 0 0 0 1 C 0 0 1 1 0 0.0058 0.00 0.0058 0 0 1 A 0 0 0 1 0 0 0 0 1 B 0 0 0 1 0 0 0 0 1 C 0 1 0 0 0 0 0 0 1 A 1 B 1 C 1 Schedule K, Part I, Column f-10/29/2020 127,649,568 Higher Educational Facilities Financing Authorit Description of Purpose: The Series 2020 Bonds refunded the Series 2017, dated 12/28/2017 and the Series 2018, dated 04/26/2018, and financed new capital projects on campus. Schedule K, Part II, Line 11-03/14/2012 48,635,258 Higher Education Facilities Financing Authority 2 Other Spent Proceeds: The other spent proceeds of the issues are the refunding proceeds that are no longer in escrow. Schedule K, Part II, Line 11-08/18/2016 38,160,904 Higher Education Facilities Financing Authority 2 Other Spent Proceeds: The other spent proceeds of the issues are the refunding proceeds that are no longer in escrow. Schedule K, Part II, Line 11-10/29/2020 127,649,568 Higher Educational Facilities Financing Authorit Other Spent Proceeds: The other spent proceeds of the issues are the refunding proceeds that are no longer in escrow. Schedule K, Part III, Line 4-10/29/2020 127,649,568 Higher Educational Facilities Financing Authorit The Private Business Use previously reported in prior fiscal years was not present in fiscal year 2021 due to campus closure. The Private Business Use will resume reporting in fiscal year 2022. Schedule K, Part IV, Line 2c-03/14/2012 48,635,258 Higher Education Facilities Financing Authority 2 A rebate calculation was completed on March 14, 2018 with no rebate being due. Schedule K, Part IV, Line 2c-08/18/2016 38,160,904 Higher Education Facilities Financing Authority 2 A rebate calculation was completed on August 18, 2021 with no rebate being due. Marguerite Cornwell Family Member 108925 Employment Services 0 X 5 690022 Appraisal X 16 4423800 Average 0 0 0 0 Form 990, Part III, Line 1 Education and Public Service Mission: Rollins College educates students for global citizenship and responsible leadership, empowering graduates to pursue meaningful lives and productive careers. We are committed to liberal arts ethos and guided by its values. Form 990, Part VI, Section A Executive Committee: (a) The Board of Trustees exercises its responsibility for the overall supervision of the College between meetings of the Board through its Executive Committee. The Chairman of the Board is a member of the Executive Committee and Chairman thereof. The President of the College and the Vice Chairman of the Board are members of the Executive Committee. The Secretary of the College is the Secretary of the Executive Committee and keeps a full record of all of its transactions and proceedings. The Executive Committee performs such further functions as shall be specifically delegated or authorized by the Board of Trustees at a regular or special meeting. (b) The Executive Committee will: (1) Review regularly the functions and operations of the College; (2) Review and approve recommendations by the President of the College with respect to the functions and operations of the College; (3) Carry out the functions of the Board of Trustees between meetings of the Board. Form 990, Part VI, Section A, Line 1a Honorary Trustees: (a) Honorary Trustees shall be entitled to attend all meetings of the Board of Trustees and all meetings of the Executive Committee, the Finance Committee, the Education Committee, and the Development and Alumni Relations Committee, but Honorary Trustees shall not be entitled to vote at meetings of the Board or at meetings of any committee of the Board except as provided below. (b) Honorary Trustees shall be eligible for appointment or election to any standing or special committee of the Board, and if appointed or elected, they shall be entitled to vote. Form 990, Part VI, Section B, Line 11b Description of Form 990 review process: A review of the Form 990 excluding Schedule B is conducted by the President, CFO/VP Treasurer, AVP for Finance & Assistant Treasurer, and the Board of Trustees. Form 990, Part VI, Section B, Line 12c Description of Conflict of Interest monitoring and enforcement: During the spring of each year the College canvasses all Trustees, who are asked to complete a Conflict of Interest disclosure form noting any membership(s) in for-profit boards and any not-for-profit boards. Additionally, they are asked to indicate whether they hold a 5% or greater ownership interest in these organizations. All College Officers, Directors, and Key Employees are also required to complete a Conflict of Interest disclosure form. Each College staff person as identified above, also signs a statement confirming whether or not a conflict exists. A summary document (spreadsheet) is prepared by the President's Office that includes all Trustees and Officers of the College. This document is presented to and reviewed in detail by the Audit Committee, usually at the May meeting each year. Form 990, Part VI, Section B, Line 15 Description of process of determining compensation of Officers and Key Employees [other than President]: Rollins College has a Compensation Committee chartered by the Board of Trustees. In addition to compensation areas related to the President, the Compensation Committee is also charged with reviewing a summary of the President's evaluation of the Vice Presidents, and reviewing and approving the President's recommendation for all elements of the compensation for the Vice Presidents. As to officers and key employees of the College below the level of Vice President, the compensation level is determined by the immediate supervisor and/or the head of the department, which is typically a Vice President or Dean of the College. In any case where the compensation approver is not a Dean or Vice President, at least two approvals of the immediate supervising manager and his or her manager at the next higher level is required. Form 990, Part VI, Section C, Line 19 Description of published documents: Rollins College publishes its Conflict of Interest Policy on its website, which is available to the general public. The College also publishes its audited financial statements and Form 990 online. The College's bylaws are not published or made available to the general public. Form 990, Part XI, Line 9 Change in value of split interest agreements $ -954,655; Change in value of Swap Agreement $899,451; Other Gains $1,899; Other non-operating gain $194,851;Total $141,546 Holt Properties LLC 1000 Holt Ave - CB 2715 Winter Park FL 32789 461788412 Acquire real property, commercial property rental FL 1919270 17090448 Rollins College Langford RCI LLC 1000 Holt Ave - CB 2715 Winter Park FL 327894499 461775419 Hotel and Conference Center FL 4637342 50139663 Rollins College