2023-05-15T10:29:11-05:00 2022-06-30 580692043 MAULDIN & JENKINS LLC 200 GALLERIA PKWY SE STE 1700 ATLANTA GA 303395946 990 2021-07-01 581357177 SAVANNAH COLLEGE OF ART AND DESIGN INC SAVA 9125255000 PO BOX 3146 SAVANNAH GA 31402 CARMEN STOWERS SECRETARY 9125255000 2023-05-13 1 CARMEN STOWERS 999009999 MARY JO ALEXANDER P00002534 7709558600 2023-05-13 3 AAL1 IAL1 2021 2023-04-26 12:10:37Z PAULA WALLACE PO BOX 3146 SAVANNAH GA 31402 955783078 0 X WWW.SCAD.EDU X 1978 GA SEE SCHEDULE O FOR COMPLETE DESCRIPTION. 9 9 3095 0 2641942 0 25830101 20062138 521819563 633227948 6317058 -34576426 4137152 3673502 558103874 622387162 119144327 152119866 0 0 159019370 167109969 0 0 450456 135648192 196400106 413811889 515629941 144291985 106757221 1487741651 1625921643 262840472 294249178 1224901179 1331672465 SCAD PREPARES TALENTED STUDENTS FOR CREATIVE PROFESSIONS THROUGH ENGAGED TEACHING AND LEARNING IN A POSITIVELY ORIENTED UNIVERSITY ENVIRONMENT. 0 0 197920891 545242168 INSTRUCTIONAL EXPENDITURES -- THESE EXPENDITURES RELATE TO PROVIDING EDUCATION SERVICES TO MORE THAN 16,000 STUDENTS SEEKING UNDERGRADUATE AND GRADUATE DEGREES. THE UNIVERSITY OFFERS THE BACHELOR OF ARTS, BACHELOR OF FINE ARTS, MASTER OF FINE ARTS, MASTER OF ARTS, MASTER OF ARCHITECTURE, AND MASTER OF URBAN DESIGN DEGREES. THE UNIVERSITY IS ACCREDITED BY THE SOUTHERN ASSOCIATION OF COLLEGES & SCHOOLS COMMISSION ON COLLEGES AND THE MASTER OF ARCHITECTURE DEGREE PROGRAM IS ADDITIONALLY ACCREDITED BY THE NATIONAL ARCHITECTURAL ACCREDITING BOARD. THE UNDERGRADUATE INTERIOR DESIGN PROGRAM IS ADDITIONALLY ACCREDITED DOMESTICALLY BY THE COUNCIL FOR INTERIOR DESIGN ACCREDITATION. APPROXIMATELY 3,400 STUDENTS GRADUATED AND WERE AWARDED DEGREES DURING THE REPORTING PERIOD. 65820513 STUDENT AID -- THE UNIVERSITY PROVIDES SCHOLARSHIPS AND OTHER FINANCIAL ASSISTANCE DIRECTLY FROM THE INSTITUTION. 168043615 152119866 87985780 CAMPUS SERVICES, STUDENT HOUSING, FOOD SERVICE EXPENDITURES -- THESE EXPENDITURES REPRESENT THE COST OF SERVICES NECESSARY TO SUPPORTTHE MISSION OF THE UNIVERSITY, INCLUDING STUDENT HOUSING, DINING SERVICES AND OTHER AUXILIARY SERVICES. THE SERVICES ARE AVAILABLE TO ALL STUDENTS. 431785019 1 1 0 0 0 0 0 1 0 1 1 0 0 0 1 1 0 1 1 1 1 1 0 0 1 0 0 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 1 0 0 1 1 1 0 0 0 1 633 0 1 3095 1 1 1 1 FR HK 0 0 0 1 1 0 0 0 0 1 0 X 9 9 1 0 0 0 0 0 0 1 1 0 1 1 1 1 1 1 1 1 1 1 0 GA X BRENTON MARONA 9125255000 PO BOX 3146 SAVANNAH GA 314023146 GARRY BROWN TRUSTEE 2.00 X 0 0 0 ROBERT L NARDELLI TRUSTEE 2.00 X 0 0 0 LUCY COOKSON TRUSTEE 2.00 X 0 0 0 ANITA THOMAS TRUSTEE 2.00 X 0 0 0 JOHN G KENNEDY III TRUSTEE 2.00 X 0 0 0 STUART SAUNDERS TRUSTEE 2.00 X 0 0 0 ALAN B WHITAKER III TRUSTEE 2.00 X 0 0 0 VERONICA BIGGINS TRUSTEE 2.00 X 0 0 0 SALLY WARANCH RAJCIC TRUSTEE 2.00 X 0 0 0 PAULA WALLACE PRESIDENT 60.00 1.00 X 2559101 0 333336 GLENN WALLACE CHIEF OPERATING OFFICER 50.00 X 778021 0 25284 JEFFREY JOSIAH WALLER CHIEF FINANCIAL OFFICER 50.00 1.00 X 658745 0 43950 CARMEN STOWERS SECRETARY 50.00 1.00 X 150514 0 29074 GOKHAN OZAYSIN CHIEF ACADEMIC OFFICER 50.00 X 778075 0 45025 PHILIP JOSEPH ALLETTO SENIOR VP FOR STUDENT SUCC 50.00 X 449426 0 35925 JOHN BUCKOVICH VP FOR SCAD UNIVERSITY SAFETY 50.00 X 292917 0 25690 MAUREEN GARVIN DEAN, FOUNDATIONS & FINE A 50.00 X 213630 0 21328 BRADFORD GRANT SR. VP FOR IT 50.00 X 453439 0 40701 LESLEY CAMILLE HANAK CHIEF HUMAN RESOURCES OFFICER 50.00 X 472731 0 35036 STEVE MINEO VP FOR ADMISSION 50.00 X 317993 0 37768 HANNAH FLOWER VP FOR INT'L STUD SVC & LE 50.00 X 331508 0 39504 KHOI NGUYEN VO VICE PRESIDENT FOR INDUSTRY RELATIONS 40.00 X 261236 0 34913 7717336 0 747534 274 0 1 0 CLAYCO INC 2199 INNERBELT BUSINESS CENTER DRIV SAINT LOUIS MO 63114 CONSTRUCTION SERVICES 81232794 JE DUNN CONSTRUCTION COMPANY 1001 LOCUST STREET KANSAS CITY MO 64106 CONSTRUCTION SERVICES 27091745 BON APPETIT MANAGEMENT COMPANY 2400 YORKMONT ROAD CHARLOTTE NC 28217 CONTRACTED FOOD SERVICE 19949139 SUNSTATES SECURITY LLC 1575 NORTHSIDE DR NW SUITE 410 ATLANTA GA 30318 SECURITY SERVICES 10447804 FIRST TRANSIT INC 600 VINE STREET SUITE 1400 CINCINNATI OH 45202 TRANSPORTATION SERVICES 9152900 134 44200 12119594 7898344 3084376 20062138 TUITION AND FEES 611310 536306279 536306279 HOUSING & FOOD SERVICE 721310 87985780 87985780 OTHER FEES AND REVENUE 611310 4743834 4743834 OTHER STUDENT REVENUE 611310 3821263 3821263 CONFERENCES & COMMUNITY ED 611310 119328 119328 251464 251464 633227948 11138580 11138580 24476 24476 1059720 30388 0 0 1059720 30388 1090108 30388 1059720 280823000 5558043 332120525 0 -51297525 5558043 -45739482 -45739482 66450 44200 116090 -49640 -49640 2339017 1159301 1179716 1179716 OTHER REVENUE 711110 1034874 1013394 21480 TRUSTEES THEATER 711110 418444 418444 1453318 622387162 633227948 2641942 -33544866 335130 335130 149772967 149772967 2011769 2011769 6308461 1009354 5299107 137225 137225 131008733 108368704 22378465 261564 20088027 16212937 3836245 38845 9567523 7635882 1913397 18244 1077563 1077563 259573 259573 51370137 38756361 12607127 6649 1756017 44218 1711799 15598494 8475523 7087402 35569 16300250 15009367 1289781 1102 7175081 5286037 1889044 634821 629668 5153 10264461 46528 10217933 49526090 47332436 2192679 975 5246686 197020 5049666 STUDENT MEAL PLAN 19900991 19900991 STUDENT ACTIVITIES 4590671 4399582 188027 3062 EQUIPMENT RENTAL AND ST 2078800 500023 1578777 MEALS & REFRESHMENTS 1945177 1436615 499893 8669 8675294 4286682 4312835 75777 515629941 431785019 83394466 450456 28224153 61955049 5357002 75370541 1039561 1939382 6723637 7205198 1709110 2329699 1217276 1200265 20853380 11806481 1293179882 382537373 801521561 910642509 527166068 456699942 296527 296527 49984145 50004950 43649231 46471100 1487741651 1625921643 43347409 59735928 85081 85081 28306553 29374011 165375934 185773482 19062280 13982500 6663215 5298176 262840472 294249178 X 1189606951 1298677413 35294228 32995052 1224901179 1331672465 1487741651 1625921643 106757221 14065 0 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 2014376 45171100 X X X 1 258229841 31549385 -34480614 255298612 173468912 39492315 45268954 258229841 185103912 648000 -4493000 7790000 173468912 154773341 30359933 6209945 6239307 185103912 123346891 30670097 4815927 4059574 154773341 0.92000 0.07700 0.00300 0 0 140931438 140931438 763960089 238903322 525056767 8198306 7443472 754834 101828205 74894626 26933579 16000 278245844 61295953 216965891 910642509 ACCRUED INTEREST 1185242 ACCRUED RETIREMENT 1569916 DEFERRED RENT 199193 ASSET RETIREMENT OBLIGATIONS (ARO) 1318930 FOREIGN INCOME TAX ACCRUAL 897330 OTHER LIABILITIES 127565 5298176 X PART III, LINE 4: SCHEDULE D, PART III, LINE 4 THE UNVERSITY'S COLLECTIONS PRIMARILY RELATE TO AREAS IN WHICH IT PROVIDES DEGREE PROGRAMS AND/OR OFFERS COURSE WORK. THEY ARE A VALUABLE SCHOLARLY RESOURCE TO ENHANCE STUDENTS' LEARNING AND EXPERIENCE. THE UNVERISTY'S COLLECTIONS INCLUDE: PAINTINGS, PRINTS, COUTURE CLOTHING, JEWELRY, SCULPTURES AND HISTORICAL ITEMS. PART V, LINE 4: PART XIV-SUPPLEMENTAL FINANCIAL INFORMATION SCHEDULE D, PART V, LINE 4 THE UNIVERSITY'S ENDOWMENT FUNDS ARE PRIMARILY USED TO SUPPORT SCHOLARSHIPS FOR STUDENTS. PART X, LINE 2: THE UNIVERSITY IS REQUIRED TO MAKE PROVISIONS FOR UNCERTAIN TAX POSITIONS. A TAX POSITION IS RECOGNIZED AS A BENEFIT ONLY IF IT IS "MORE LIKELY THAN NOT" THAT THE TAX POSITION WOULD BE SUSTAINED IN A TAX EXAMINATION, WITH A TAX EXAMINATION BEING PRESUMED TO OCCUR. THE AMOUNT RECOGNIZED IS THE LARGEST AMOUNT OF TAX BENEFIT THAT HAS A GREATER THAN 50% CUMULATIVE LIKELIHOOD OF BEING REALIZED ON EXAMINATION. FOR TAX POSITIONS NOT MEETING THE "MORE LIKELY THAN NOT" TEST, NO TAX BENEFIT IS RECORDED. THE UNIVERSITY RECOGNIZES INTEREST AND PENALTIES, IF ANY, RELATED TO UNCERTAIN TAX POSITIONS WITHIN INCOME TAX EXPENSE. 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 UNIVERSITY DRAWS ITS STUDENTS FROM ALL 50 STATES AND MORE THAN 100 COUNTRIES. ALL MATERIALS INVOLVING THE SOLICITATION OF STUDENTS INCLUDE THE UNIVERSITY'S NON-DISCRIMINATORY POLICY OR A REFERENCE TO THIS POLICY, IN COMPLIANCE WITH THE REQUIREMENTS STATED IN THE INSTRUCTIONS TO FORM 990. THE UNIVERSITY INSERTS THE FOLLOWING IN ITS CATALOG, APPLICATION FOR ADMISSION, AND THE UNIVERSITY'S WEBSITE: "IN COMPLIANCE WITH TITLE IX OF THE EDUCATION AMENDMENTS OF 1972, SECTION 504 OF THE REHABILITATION ACT OF 1973, TITLE VI OF THE CIVIL RIGHTS ACT OF 1964 AND OTHER FEDERAL, STATE, AND LOCAL LAWS, SCAD DOES NOT DISCRIMINATE ON THE BASIS OF AGE, RACE, COLOR, SEX, SEXUAL ORIENTATION, GENDER IDENTITY, RELIGION, NATIONAL OR ETHNIC ORIGIN, DISABILITY, OR VETERAN STATUS IN ANY PHASE OF ITS EMPLOYMENT PROCESS, IN ANY PHASE OF ITS EMPLOYMENT OR ADMISSION PROCESSES, ITS FINANCIAL AID PROGRAMS, OR OTHER ASPECTS OF ITS EDUCATIONAL PROGRAM OR ACTIVITIES." SCHEDULE E, PART I, LINE 6 THE FINANCIAL AID SCAD RECEIVES FROM GOVERNMENT AGENCIES CONSISTS OF FEDERAL TITLE IV STUDENT FINANCIAL ASSISTANCE PROGRAMS, VETERANS ADMINISTRATION BENEFITS, STATE-SUPPORTED VOCATIONAL REHABILITATION FUNDING, AND FUNDS FROM MANY STATES THE MOST PREDOMINANT OF WHICH IS THE STATE OF GEORGIA. 1 EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM 1 0 PROGRAM SERVICES STUDY ABROAD CAMPUS 2011769 EAST ASIA AND THE PACIFIC - AUSTRALIA, BRUNEI, BURMA, CAMBODIA, 1 0 PROGRAM-RELATED INVESTMENTS 20805 EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM 1 0 CAPITAL INVESTMENT 3493704 EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM 1 0 PROGRAM SERVICES PROGRAM SERVICES RELATED TO MEAL PLANS AND OWNERSHIP OF REAL PROPERTY. 457657 4 0 0 0 4 0 5983935 0 5983935 EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM CAMPUS OPERATIONS 2011769 WIRE 0 1 0 0 0 1 0 0 0 PART I, LINE 2: THE ORGANIZATION GOES THROUGH AN ANNUAL BUDGETING PROCESS FOR THE FUNDS USED AT THE EUROPEAN AND EAST ASIA LOCATIONS. MONTHLY REVIEWS OF FINANCIAL ACTIVITY AND PERIODIC RE-PROJECTIONS ARE PERFORMED ON AN ONGOING BASIS THROUGHOUT THE YEAR TO ENSURE THAT FUNDS ARE ONLY SPENT FOR AUTHORIZED PURPOSES IN FURTHERANCE OF THE ORGANIZATION'S EDUCATIONAL MISSION. PART I, LINE 3: ACCRUAL METHOD IS USED TO ACCOUNT FOR EXPENDITURES. PART III ACCOUNTING METHOD: MOA 10TH ANNIVERSARY 110650 44200 66450 116090 110650 44200 66450 116090 116090 -49640 1 LUCAS THEATRE FOR THE ARTS INC PO BOX 3146 SAVANNAH GA 31402 581775851 501(C )(3) 335130 0 SUPPORT FOR OPERATIONS 1 0 STUDENT SCHOLARSHIPS 14240 149772967 PART I, LINE 2: INSTITUTIONAL SCHOLARSHIPS TO STUDENTS ARE AWARDED PURSUANT TO INSTITUTIONAL POLICIES AND PROCEDURES WHICH CONSIDER A STUDENT'S ACADEMIC ABILITY, ARTISTIC ABILITY AND FINANCIAL NEED. STUDENTS MUST MAINTAIN ACADEMIC STANDARDS AND MAKE SATISFACTORY PROGRESS TO CONTINUE RECEIVING INSTITUTIONAL SCHOLARSHIPS. STUDENTS RECEIVING SCHOLARSHIPS FUNDED BY DONORS MUST MEET THE SPECIFIED SCHOLARSHIP REQUIREMENTS, IF ANY, AS WELL AS MAINTAIN ACADEMIC STANDARDS AND MAKE SATISFACTORY PROGRESS TOWARDS GRADUATION. X X X 1 1 X X X X X 1 1 0 0 0 0 0 1 0 PAULA WALLACE PRESIDENT 1198542 0 1148193 0 212366 0 308501 0 24835 0 2892437 0 0 0 GOKHAN OZAYSIN CHIEF ACADEMIC OFFICER 516618 0 259657 0 1800 0 22457 0 22568 0 823100 0 0 0 GLENN WALLACE CHIEF OPERATING OFFICER 512764 0 253257 0 12000 0 22394 0 2890 0 803305 0 0 0 JEFFREY JOSIAH WALLER CHIEF FINANCIAL OFFICER 417610 0 210425 0 30710 0 21417 0 22533 0 702695 0 0 0 LESLEY CAMILLE HANAK CHIEF HUMAN RESOURCES OFFICER 292195 0 147147 0 33389 0 20198 0 14838 0 507767 0 0 0 BRADFORD GRANT SR. VP FOR IT 280940 0 143069 0 29430 0 19909 0 20792 0 494140 0 0 0 PHILIP JOSEPH ALLETTO SENIOR VP FOR STUDENT SUCC 285307 0 144213 0 19906 0 20118 0 15807 0 485351 0 0 0 HANNAH FLOWER VP FOR INT'L STUD SVC & LE 257024 0 50250 0 24234 0 18687 0 20817 0 371012 0 0 0 STEVE MINEO VP FOR ADMISSION 228782 0 57641 0 31570 0 16300 0 21468 0 355761 0 0 0 JOHN BUCKOVICH VP FOR SCAD UNIVERSITY SAFETY 248344 0 35000 0 9573 0 12486 0 13204 0 318607 0 0 0 KHOI NGUYEN VO VICE PRESIDENT FOR INDUSTRY RELATION 200046 0 30750 0 30440 0 14562 0 20351 0 296149 0 0 0 MAUREEN GARVIN DEAN, FOUNDATIONS & FINE A 213630 0 0 0 0 0 12775 0 8553 0 234958 0 0 0 CARMEN STOWERS SECRETARY 111514 0 30000 0 9000 0 8247 0 20827 0 179588 0 0 0 PART I, LINE 1A BUSINESS CLASS OR CHARTER TRAVEL - SENIOR MANAGEMENT AND TRUSTEES ARE ELIGIBLE FOR BUSINESS CLASS SEATS WHEN TRAVELING ON AUTHORIZED BUSINESS. NO AMOUNT IS REPORTED AS TAXABLE INCOME FOR BUSINESS TRAVEL. THE INSTITUTION'S WHOLLY-OWNED SUBSIDIARY, ACORN LEASING, LLC, OWNS A CORPORATE AIRCRAFT TO FACILITATE THE BUSINESS TRAVEL OF SENIOR MANAGEMENT AND TRUSTEES. THE BOARD HAS ADOPTED A POLICY THAT PROHIBITS ANY NON-BUSINESS USE OF THE AIRCRAFT. WHEN APPLICABLE, IMPUTED INCOME HAS BEEN REPORTED AS TAXABLE COMPENSATION FOR ANY COMPANIONS OF LISTED PERSONS WHO ARE NOT TRAVELING FOR A BUSINESS PURPOSE. TRAVEL FOR COMPANIONS- TO FACILITATE THE ABILITY OF THE PRESIDENT AND TRUSTEES TO CONDUCT BUSINESS AND PARTICIPATE IN THE ACTIVITIES OF THE UNIVERSITY, TRAVEL FOR COMPANIONS/MINOR CHILDREN HAS BEEN PROVIDED AT TIMES. IN SUCH CASES, THE COST OF THE FLIGHT (IF THE TRAVEL WAS VIA COMMERCIAL CARRIER) OR THE APPROPRIATE AMOUNT OF IMPUTED INCOME (PURSUANT TO TAX REGULATIONS REGARDING PERSONAL USE OF CORPORATE AIRCRAFT) HAS BEEN TREATED AS A TAXABLE BENEFIT AND REPORTED AS COMPENSATION. THE BENEFIT WAS PROVIDED DUE TO EXTENSIVE TRAVEL BEING REQUIRED BETWEEN MULTIPLE LOCATIONS (SAVANNAH, ATLANTA, LACOSTE, FRANCE AND HONG KONG). HOUSING ALLOWANCE - AS IS STANDARD PRACTICE FOR UNIVERSITIES, THE PRESIDENT IS PROVIDED A RESIDENCE IN SAVANNAH THAT IS FREQUENTLY USED FOR BUSINESS AND/OR BUSINESS FUNCTIONS (I.E. MEETINGS, RECEPTIONS, DINNERS WITH GUESTS AND DONORS, ETC.). NO AMOUNT HAS BEEN INCLUDED IN THE PRESIDENT'S TAXABLE INCOME FOR USE OF THE PROPERTY. SINCE NOVEMBER 2014, THE PRESIDENT HAS BEEN PROVIDED A HOUSING ALLOWANCE IN CONNECTION WITH HER PERSONAL RESIDENCE IN THE ATLANTA AREA. THE HOUSING ALLOWANCE IS TREATED AS TAXABLE WAGES AND IS INCLUDED IN COLUMN (B) OF PART VII OF THIS FORM 990 AND IN COLUMN (B) (III) OF SCHEDULE J PART II. PART I, LINES 4A-B THE PRESIDENT BEGAN A NEW AGREEMENT STARTING JULY 1, 2019 WHEREBY SHE WILL, ON EACH JUNE 30TH OF HER CONTINUED EMPLOYMENT DURING THE TERM OF THE AGREEMENT, VEST IN A SUPPLEMENTAL RETIREMENT BENEFIT EQUAL TO THE PRESENT VALUE OF A LIFE ANNUITY THAT WILL PROVIDE AN ANNUAL BENEFIT EQUAL TO TWO PERCENT (2%) OF HER BASE SALARY IN EFFECT ON THE APPLICABLE JUNE 30TH. EACH SUCH VESTED SUPPLEMENTAL BENEFIT SHALL BE PAID TO THE PRESIDENT IN A LUMP SUM WITHIN THIRTY (30) DAYS AFTER THE APPLICABLE JUNE 30TH. PART I, LINE 7 THE PRESIDENT'S TOTAL COMPENSATION (BASE PAY AND BONUSES), EXECUTIVE MANAGEMENT COMPENSATION (BASE PAY AND BONUSES) AND RELATED PARTY COMPENSATION (BASE PAY AND BONUSES) ARE DETERMINED BY THE BOARD OF TRUSTEES IN CONJUNCTION WITH AN INDEPENDENT COMPENSATION CONSULTING FIRM (AON). FOR ALL OTHERS LISTED, COMPENSATION IS DETERMINED IN THE SOLE DISCRETION OF THE COMPENSATION COMMITTEE. PART I, QUESTION 3 THE INSTITUTION COMPLIES WITH THE PROCEDURES AND STANDARDS SET FORTH IN THE IRS REGULATIONS TO RECEIVE THE 'REBUTTABLE PRESUMPTION OF REASONABLENESS' WITH RESPECT TO THE TOTAL COMPENSATION PAID TO THE PRESIDENT. A COMMITTEE OF THE BOARD CONDUCTS AN ANNUAL PERFORMANCE REVIEW OF THE PRESIDENT'S SALARY AND BONUS. ANY AND ALL DECISIONS ARE BASED ON: A) A DOCUMENTED COMPENSATION PHILOSOPHY AND STRATEGY; B) A DETAILED ANNUAL PERFORMANCE REVIEW ON BOTH JOB PERFORMANCE AND THE "BALANCED SCORECARD" OF THE RESULTS OF THE INSTITUTION AND SUBSIDIARIES; AND C) DETAILED AND COMPREHENSIVE MARKET DATA WHICH CONSIDERS ORGANIZATIONS THAT ARE "SIMILARLY SITUATED." AN INDEPENDENT CONSULTING FIRM THAT SPECIALIZES IN BENEFITS AND COMPENSATION PROVIDES TOTAL COMPENSATION MARKET VALUATIONS VIA A COMPENSATION STUDY THAT INCLUDES CONSIDERATION OF THE TOTAL COMPENSATION PAID BY COMPARABLE INSTITUTIONS. THE COMPENSATION EXPERT PROVIDES A WRITTEN OPINION ON THE REASONABLENESS OF TOTAL COMPENSATION. THE FULL BOARD RECEIVES THE DETAILED PERFORMANCE REVIEW AND THE COMPENSATION MARKET ANALYSIS AND WRITTEN OPINION FROM THE INDEPENDENT CONSULTING FIRM, CONSIDERS THE RECOMMENDATION OF THE COMMITTEE, AND VOTES ON THE PRESIDENT'S COMPENSATION. THIS PRACTICE ALSO INCLUDES A MARKET ANALYSIS OF COMPENSATION PAID TO SENIOR MANAGEMENT AND ANY INDIVIDUAL RELATED TO A MEMBER OF SENIOR MANAGEMENT OR THE BOARD. A PRIVATE COLLEGES AND UNIVERSITIES AUTHORITY 581407780 74265LD47 2014-10-01 194132782 FINANCING ASSOCIATED WITH CAMPUS BUILDING AND STUDENT HOUSING BUILDINGS 0 0 0 B PRIVATE COLLEGES AND UNIVERSITIES AUTHORITY 581407780 74265LD47 2021-11-10 190003608 FINANCING ASSOCIATED WITH CAMPUS BUILDING AND STUDENT HOUSING BUILDINGS 0 0 0 A 180970000 194858047 3882655 190975392 2017 0 0 0 1 B 1600000 190028084 1293068 121167775 67567241 0 0 0 0 A 0 0 1 1 0 0.01800 0.01800 0 0 1 B 0 0 1 1 0 0.01800 0.01800 0 0 1 A 0 1 0 0 0 0 0 0 1 B 0 1 0 0 0 0 0 0 0 A 1 B 1 PART II LINE 3 THE DIFFERENCE BETWEEN THE TOTAL PROCEEDS OF ISSUE (PART II, LINE 3) AND THE ISSUE PRICE LISTED IN PART I, COLUMN (E), IS THE RESULT OF INVESTMENT EARNINGS, FOR THE 2014 BOND ISSUE, OF $17,538 DURING THE 2014 TAX YEAR, $430,896 DURING THE 2015 TAX YEAR, $248,955 DURING THE 2016 TAX YEAR, $27,682 DURING THE 2017 TAX YEAR, $193.64 DURING THE 2018 TAX YEAR, AND $0.26 DURING THE 2019 TAX YEAR. FOR THE 2021 BOND ISSUE THE INVESTMENT EARNINGS DURING THE 2021 TAX YEAR IS $24,476. GLENN WALLACE FAMILY MEMBER OF PAULA WALLACE, PRESIDENT 838923 WAGES AND BENEFITS 0 HABIBE ISIL OZAYSIN FAMILY MEMBER OF GOKHAN OZAYSIN, KEY EMPLOYEE 31696 WAGES AND BENEFITS 0 LUKE BUCKOVICH FAMILY MEMBER OF JOHN BUCKOVICH, KEY EMPLOYEE 15985 WAGES AND BENEFITS 0 SOPHIA ALLETTO FAMILY MEMBER OF PHILIP ALLETTO, KEY EMPLOYEE 89544 0 X 15 2014376 MARKET VALUE X HORSES 4 1070000 APPRAISAL 19 0 1 0 PART I, COLUMN (B): NUMBER OF CONTRIBUTIONS. FORM 990 PART I LINE 1 SCAD MISSION: SCAD PREPARES TALENTED STUDENTS FOR CREATIVE PROFESSIONS THROUGH ENGAGED TEACHING AND LEARNING IN A POSITIVELY ORIENTED UNIVERSITY ENVIRONMENT. SCAD VISION: SCAD WILL BE GLOBALLY RECOGNIZED AS THE PREEMINENT SOURCE OF KNOWLEDGE IN THE DISCIPLINES WE TEACH. SCAD VALUES: BE STRATEGIC. RESEARCH AND MEASURE TO GUIDE WORK AND DOCUMENT RESULTS; BE INNOVATIVE. GENERATE NEW IDEAS AND RELEVANT SOLUTIONS; BE POSITIVE. APPROACH ALL ENDEAVORS WITH ENTHUSIASM; BE COLLABORATIVE. EMBRACE AND ACT UPON OUR COLLECTIVE GENIUS; BE TRANSFORMATIVE. CREATE LIFE-CHANGING EXPERIENCES; BE COMPASSIONATE. TREAT EVERYONE WITH KINDNESS AND CARE. THE SAVANNAH COLLEGE OF ART AND DESIGN IS A PRIVATE, NONPROFIT, ACCREDITED INSTITUTION CONFERRING BACHELOR'S AND MASTER'S DEGREES AT DISTINCTIVE LOCATIONS TO PREPARE TALENTED STUDENTS FOR PROFESSIONAL CAREERS. SCAD OFFERS DEGREES IN MORE THAN 40 MAJORS, AS WELL AS MINORS IN MORE THAN 75 DISCIPLINES. WITH OVER 50,000 ALUMNI WORLDWIDE, SCAD DEMONSTRATES AN EXCEPTIONAL EDUCATION AND UNPARALLELED CAREER PREPARATION. AT LOCATIONS IN SAVANNAH AND ATLANTA, GEORGIA; IN LACOSTE, FRANCE; AND ONLINE THROUGH SCAD ELEARNING, THE DIVERSE STUDENT BODY CONSISTS OF MORE THAN 15,000 STUDENTS, FROM ACROSS THE UNITED STATES AND MORE THAN 100 COUNTRIES. SCAD'S INNOVATIVE CURRICULUM IS ENHANCED BY ADVANCED, PROFESSIONAL-LEVEL TECHNOLOGY, EQUIPMENT AND LEARNING RESOURCES. THE UNIVERSITY, STUDENTS, FACULTY AND ALUMNI HAVE GARNERED ACCLAIM FROM RESPECTED ORGANIZATIONS AND PUBLICATIONS WORLDWIDE INCLUDING TIME, VOGUE MAGAZINE, U.S. NEWS & WORLD REPORT, DESIGNINTELLIGENCE, RED DOT, AND HOLLYWOOD REPORTER. SINCE THE TIME THAT SCAD OPENED ITS DOORS TO STUDENTS IN 1979, SAVANNAH HAS TRANSFORMED FROM A PLACE WITH A RUN-DOWN HISTORIC DISTRICT AND BOARDED-UP BUILDINGS TO AN INTERNATIONAL BUSINESS AND TOURIST DESTINATION. EXCEPTIONAL UNIVERSITY IMPACT IS BEST MEASURED BY THE CONTRIBUTIONS TO THE QUALITY OF LIFE IN THE COMMUNITIES IT SERVES. FOR FOUR DECADES, SCAD HAS BEEN A POWERFUL FORCE SHAPING THE ECONOMY, THE CULTURE, THE PHYSICAL ENVIRONMENT AND THE REPUTATION OF SAVANNAH, ATLANTA AND THE STATE OF GEORGIA. SCAD EDUCATES STUDENTS AND PREPARES THEM FOR CREATIVE PROFESSIONS, AND IN DOING SO, CONTINUOUSLY ENHANCES THE COMMUNITIES SURROUNDING IT'S CAMPUSES. TO QUANTIFY THE ECONOMIC AND SOCIAL IMPACTS GENERATED BY THE UNIVERSITY THROUGHOUT THE STATE OF GEORGIA, SCAD RETAINED THE CONSULTING FIRM TRIPP UMBACH TO COMPLETE AN ECONOMIC AND COMMUNITY IMPACT STUDY FOR SCAD'S FISCAL YEAR 2019. KEY FINDINGS FROM THE STUDY INCLUDE THE FOLLOWING: GEORGIA: FOR NEARLY FOUR DECADES, SCAD HAS SHAPED THE ECONOMY, CULTURE, BUILT ENVIRONMENT AND REPUTATION OF GEORGIA. WITH PRESTIGIOUS ACCOLADES AND A COMMANDING PRESENCE, SCAD FOSTERS MORE PROSPEROUS COMMUNITIES. $766 MILLION IN ANNUAL ECONOMIC IMPACT, 9,614 JOBS IN DIVERSE INDUSTRIES (REAL ESTATE, RETAIL, AND TOURISM),$37 MILLION IN ANNUAL STATE AND LOCAL GOVERNMENT TAX REVENUE. SAVANNAH: SCAD MADE ITS FIRST HOME IN SAVANNAH AND HAS WORKED TO ELEVATE THE RENOWN OF THIS HISTORIC CITY, PIONEERING SAFETY AND SECURITY INITIATIVES, ESTABLISHING A STRONG LEGACY OF COMMUNITY SERVICE, AND ANNUALLY ATTRACTING TENS OF THOUSANDS OF STUDENTS, FACULTY AND STAFF, FAMILIES AND VISITORS. $577 MILLION IN ANNUAL ECONOMIC IMPACT, 6,756 JOBS IN DIVERSE INDUSTRIES (REAL ESTATE, RETAIL, AND TOURISM), $30 MILLION IN DIRECT, INDIRECT, AND INDUCED TAX PAYMENTS. ATLANTA: SCAD OPENED ITS ATLANTA CAMPUS IN 2005, AMPLIFYING THE EDUCATIONAL AND PROFESSIONAL OPPORTUNITIES IN THIS MAJOR U.S. MARKET, AND BUILDING THE CHARACTER OF THE CITY ALONGSIDE MAJOR COMPANIES LIKE DELTA, TURNER, AND COCA-COLA. TODAY, SCAD STANDS AT THE CENTER OF ATLANTA'S GROWING DESIGN, FASHION AND ENTERTAINMENT INDUSTRIES, WITH CAREER-FOCUSED AND CULTURAL FEATURES LIKE SCADFILM, SCAD FASH MUSEUM OF FASHION + FILM, AND THE MERCEDES-BENZ STADIUM ART COLLECTION. $156 MILLION IN ANNUAL ECONOMIC IMPACT, 2,858 JOBS IN DIVERSE INDUSTRIES (REAL ESTATE, RETAIL, AND TOURISM), $6.5 MILLION IN DIRECT, INDIRECT, AND INDUCED TAX PAYMENTS. SCAD IS PROUD THAT 22% OF ALUMNI REMAIN IN GEORGIA. IN 2021, THERE WERE MORE THAN 120 SCAD ALUMNI-OWNED BUSINESS IN SAVANNAH. FORM 990, PART I, LINE 1 SCAD HOSTS EDUCATIONAL ART FESTIVALS THAT ARE FREE AND OPEN TO THE PUBLIC, INCLUDING SCAD DEFINE ART, SCADSTYLE, SIDEWALK ARTS FESTIVAL, AND SAND ARTS FESTIVAL. SCAD HOSTS K-12 EDUCATORS AT THE UNIVERSITY FOR VARIOUS LEARNING OPPORTUNITIES. THE ANNUAL SCAD EDUCATOR FORUM GIVES EDUCATORS THE OPPORTUNITY TO LEARN NEW KNOWLEDGE AND SKILLS IN A VARIETY OF AREAS. THE FORUM IS OFFERED IN SAVANNAH AND ATLANTA, GEORGIA FOR A NOMINAL FEE. SCAD ALSO SERVES ITS COMMUNITIES BY SAVING HISTORIC PROPERTIES AND REPURPOSING THEM FOR REVITALIZED NEW USES. MORE THAN 100 SCAD BUILDINGS WORLDWIDE ARE ADAPTIVELY REHABILITATED HISTORIC PROPERTIES, INCLUDING A REPURPOSED RAILROAD DEPOT, SYNAGOGUE, POWER STATION, FARMHOUSE, BOULANGERIE, AND MYRIAD FORMER SCHOOLHOUSES, PRIVATE RESIDENCES, AND INDUSTRIAL BUILDINGS. MANY OF THESE ARE OFFICIALLY DESIGNATED HISTORIC LANDMARK BUILDINGS. SCAD SECURITY CONDUCTS COMMUNITY PATROLS IN DOWNTOWN AND MIDTOWN SAVANNAH FOR THE BENEFIT OF STUDENTS, AND THROUGH THIS INITIATIVE, THE SCAD DEPARTMENT OF UNIVERSITY SAFETY ALSO PROVIDES SUPPORT TO THE SAVANNAH POLICE DEPARTMENT. IN ATLANTA, SCAD ALSO PARTNERS WITH THE ATLANTA POLICE DEPARTMENT. FORM 990, PART I, LINE 1 SCAD PROVIDES A VALUABLE SERVICE THAT PROPELS THE ECONOMY - OFFERING SPECIALIZED DEGREE PROGRAMS THAT PREPARE GRADUATES FOR MYRIAD INDUSTRIES. SCAD EDUCATES PROFESSIONALS TO FILL JOBS. TO BEST SUPPORT WORKFORCE NEEDS, SCAD MAINTAINS RELATIONSHIPS WITH THE INDUSTRIES IT SERVES. ACADEMIC PROGRAMS ARE DEVELOPED IN CONCERT WITH THE BUSINESS COMMUNITY, AND OFTEN, COMPANIES REQUEST NEW PROGRAMS TO FILL EMERGING TALENT NEEDS FOR THEIR BUSINESSES. FOR EXAMPLE, AN EXECUTIVE AT DISNEY CONVEYED TO SCAD THE COMPANY'S NEED FOR ATTRACTION AND ENTERTAINMENT DESIGNERS, AND SCAD ANSWERED THIS REQUEST WITH THE M.F.A. IN THEMED ENTERTAINMENT. AN EXECUTIVE AT LORAL ASKED SCAD TO DEVELOP A FRAGRANCE PROGRAM AND A SOCIAL STRATEGY PROGRAM TO FILL SPECIFIC NEEDS IN THEIR INDUSTRY. SCAD CREATED A B.F.A. IN BUSINESS OF BEAUTY AND FRAGRANCE AND A B.F.A. SOCIAL STRATEGY AND MANAGEMENT. SCAD ALSO PARTNERED WITH GOOGLE TO CREATE THE COUNTRY'S FIRST B.F.A. IN USER EXPERIENCE DESIGN. IN ALL, SCAD OFFERS MORE THAN 100 UNDERGRADUATE AND GRADUATE DEGREE PROGRAMS IN 44 MAJORS, AND OFFERS 75 MINORS. THESE PROGRAMS ARE RESEARCHED AND DEVELOPED AT SCAD AND REVISED REGULARLY TO KEEP PACE WITH INDUSTRY TRENDS. COMPANIES ALSO COME TO SCAD TO HIRE TALENT FOR THEIR WORKFORCES. IN 2021-22, SCAD HOSTED MORE THAN 700 EMPLOYER ENGAGEMENTS TO INTERVIEW SCAD STUDENTS FOR POSITIONS, INCLUDING GOOGLE, GE, INTUIT, LULULEMON, PARAMOUNT ANIMATION, DISNEY, AMAZON, DELOITTE, GENSLER, FACEBOOK, HASBRO, IBM, SONY PICTURES, KOHL'S, APPLE, DREAM WORKS, AND WARNER MEDIA. TO DATE, SCAD ALUMNI HAVE LAUNCHED 869 NEW BRANDS AND BUSINESSES, A 6% INCREASE OVER LAST YEAR. THROUGH SCADPRO, THE UNIVERSITY'S DESIGN AND RESEARCH CONSULTANCY, SCAD FACULTY AND STUDENTS COLLABORATE WITH COMPANIES AND ORGANIZATIONS TO HELP THEM SOLVE PROBLEMS, KEEP THEIR BUSINESSES VITAL, AND ADVANCE THEIR COMPETITIVE ADVANTAGE. SCAD STUDENTS, GUIDED BY EXPERT SCAD FACULTY, HAVE WORKED WITH 350+ CLIENTS FOR 700+ COLLABORATIONS, WITH 55+ PRODUCTS TAKEN TO MARKET AND STUDENTS RECEIVING 250+ OFFERS OF EMPLOYMENT. CLIENTS SCAD HAS SERVED INCLUDE BMW, COCA-COLA, DELOITTE, DELTA AIR LINES, DISNEY, FOX SPORTS, GOOGLE, GULFSTREAM, THE HOME DEPOT, LENOVO, LORE'AL, MERCEDES-BENZ, MICROSOFT, NASA, PROCTOR & GAMBLE, SAMSUNG, UBER, AND VOLVO. SCAD IS THE ONLY UNIVERSITY THAT OFFERS A PROFESSIONAL COMMERCIAL GALLERY SERVICE TO THE PUBLIC, CALLED SCAD ART SALES, WHICH IS FOCUSED EXCLUSIVELY ON PLACING THE WORK OF STUDENTS, ALUMNI, AND FACULTY WITH CLIENTS INCLUDING COLLECTORS AND COMPANIES FROM FACEBOOK TO NETFLIX. SCAD OFFERS ALUMNI A FULLY FUNDED RESIDENCY PROGRAM, THE SCAD ALUMNI ATELIER, WHICH PROVIDES LODGING, RESOURCES, AND A STIPEND TO REALIZE NEW CREATIVE WORK FOR THE MARKET. ALSO, THROUGH SCADPRO FUND, THE UNIVERSITY INVESTS IN SCAD ALUMNI BUSINESSES, HELPING THEM SCALE THEIR BUSINESSES AND SOLVE CHALLENGES THROUGH INNOVATION BY DESIGN. SCAD HAS A LONG-STANDING TRADITION OF COMMUNITY SERVICE. SINCE THE VERY FIRST SCAD SIDEWALK ARTS FESTIVAL (A PUBLIC ART FESTIVAL IN FORSYTH PARK IN SAVANNAH, GA) IN 1981, SCAD HAS BEEN COMMITTED TO ENRICHING THE COMMUNITIES THAT THE UNIVERSITY CALLS HOME. IN 2021-22, SCAD CONTINUED ITS TRADITION OF GIVING BACK TO THE COMMUNITY THROUGH SCAD SERVE AND IN MANY OTHER WAYS. THROUGH SCAD SERVE, 745 SCAD STUDENTS AND EMPLOYEES VOLUNTEERED 2,128 HOURS TO SERVE 138 COMMUNITY NEEDS, INCLUDING: -DONATED 23 COMPUTERS TO FAMILY PROMISE OF THE COASTAL EMPIRE -PACKED, AND DISTRIBUTED 14,100 NUTRITIOUS MEALS IN SAVANNAH AND ATLANTA, GA. -DONATED 1,600 POUNDS OF FRESH FOOD FROM SCAD'S BACK40 GARDEN (6,500 SERVINGS) TO AMERICA'S SECOND HARVEST -PAINTED A LARGE-SCALE BASKETBALL COURT MURAL TO REVITALIZE A PUBLIC PARK IN ATLANTA (PAINT OUR PARKS INITIATIVE) -DONATED 2,000 POUNDS OF CLEANING SUPPLIES TO SAVANNAH'S UNION MISSION -DONATED ART TO BEAUTIFY THE UNION MISSION'S MENTAL HEALTH COUNSELING CENTER AND PARKER'S HOUSE IN SAVANNAH DECEMBER 2021 MARKED THE UNIVERSITY'S 26TH YEAR SUPPORTING THE SAVANNAH UNION MISSION WITH HOLIDAY GIFTS FOR CHILDREN. MEMBERS OF THE SCAD FAMILY DONATED OVER 100 TOYS AND OTHER GIFTS TO FULFILL THE WISHES OF 20 FAMILIES AND CHILDREN. SCAD ACTIVELY SUPPORTS GOODWILL'S COMMITMENT TO RESPONSIBLE RECYCLING AND KEEPING ITEMS OUT OF THE WASTE STREAM. SINCE 2013, SCAD HAS CHAMPIONED THE "GOODWILL, NOT LANDFILL" CAMPAIGN, PLACING CONVENIENT DONATION BINS AT MULTIPLE LOCATIONS NEAR RESIDENCE HALLS WHERE STUDENTS CAN DONATE UNWANTED ITEMS RATHER THAN THROWING THEM IN THE TRASH. SCAD DELIVERS THE ITEMS TO GOODWILL, SUPPORTING THAT ORGANIZATION'S MISSION TO PROVIDE JOBS AND JOB TRAINING FOR INDIVIDUALS WITH DISABILITIES, VETERANS, AND OTHERS. IN SPRING 2022, SCAD DONATED 36,000 POUNDS OF ITEMS, WHICH HELPS SUPPORT OVER 850 HOURS OF JOB TRAINING. THE SCAD BUZZ BUS, OUR MOBILE UNIT FOR CREATIVE GIFT-GIVING, TRAVELS TO ELEMENTARY AND MIDDLE SCHOOLS AND OTHER YOUTH-CENTERED ORGANIZATIONS AROUND SAVANNAH AND ATLANTA TO DELIVER MUCH-NEEDED ART SUPPLIES FOR TEACHERS AND STUDENTS AND BOOKS FOR SCHOOL LIBRARIES. THE SCAD BUZZ BUS HAS POSITIVELY IMPACTED MORE THAN 12,000 PK-12 CHILDREN SINCE IT WAS ESTABLISHED IN 2010, SUPPLYING THEM WITH THE TOOLS NECESSARY TO EXPLORE THEIR ARTISTIC INTERESTS AND CREATE INSPIRED WORKS. SCAD HAS FOUR MUSEUMS, ALL OF WHICH ARE OPEN TO THE PUBLIC. IN SAVANNAH, THE SCAD MUSEUM OF ART, DESIGNED BY ARCHITECT AND SCAD ALUMNUS CHRISTIAN SOTTILE, IS AN AWARD-WINNING CONTEMPORARY ART AND DESIGN MUSEUM BUILT FROM THE NATION'S OLDEST SURVIVING ANTEBELLUM RAILROAD DEPOT. OFFERING AN ARRAY OF EXHIBITIONS AND EVENTS THROUGHOUT THE YEAR, THE SCAD MUSEUM OF ART ATTRACTED MORE THAN 43,000 VISITORS IN 2021-22. SCAD MOA ENCOMPASSES 82,000 SQUARE FEET, WITH GALLERIES, ACADEMIC SPACE, AND A THEATER. IN ATLANTA, SCAD FASH MUSEUM OF FASHION AND FILM, WITHIN ITS 10,000 SQUARE FEET OF ADAPTABLE EXHIBITION SPACE, BRINGS A DYNAMIC AND DISTINCT SCHEDULE OF FASHION-FOCUSED EXHIBITIONS AND COMPELLING FILMS. AN ADDITIONAL 27,000 SQUARE FEET OF ACADEMIC AND STUDIO SPACE ALSO SURROUNDS THE PERIMETER OF THE MUSEUM, INCLUDING A FASHION RESOURCE LIBRARY AND GARMENT COLLECTION AND FILM SALON. IN 2021-22, 16,000+ PEOPLE VISITED SCAD FASH. NEW THIS YEAR, SCAD OPENED SCAD FASH MUSEUM OF FASHION AND FILM IN LACOSTE. ALSO IN LACOSTE, SCAD'S FRENCH HISTORY MUSEUM HOLDS ARTIFACTS THAT SCAD PRESERVATIONISTS DISCOVERED WHILE RESTORING THE SCAD LACOSTE FACILITIES, INCLUDING ROMAN CARVINGS AND COINS AND MEDIEVAL ARTIFACTS. IN ADDITION TO ITS MUSEUMS, SCAD DISPLAYS PUBLIC ART FOR COMMUNITY ENRICHMENT AND ENJOYMENT, INCLUDING PROMINENT PUBLIC ART ON VIEW IN THE LIGHT BOXES OUTSIDE THE MAIN SCAD ATLANTA BUILDING AND THE JEWEL BOXES OUTSIDE THE SCAD MUSEUM OF ART. SCAD CREATES K-12 CURRICULUM GUIDES TO ACCOMPANY EXHIBITIONS AT THE SCAD MUSEUM OF ART IN SAVANNAH AND SCAD FASH MUSEUM FOR FASHION AND FILM IN ATLANTA. ALIGNED WITH THE NATIONAL VISUAL ARTS STANDARDS, THE AWARD-WINNING CURRICULUM GUIDES ARE MADE AVAILABLE FREE OF CHARGE TO EDUCATORS AND STUDENTS. SCAD-DEVELOPED CURRICULUM GUIDES WERE DISTRIBUTED TO SCHOOL GROUPS VISITING SCAD MUSEUMS. SCAD HOSTS SCHOOL GROUPS FOR MUSEUM TOURS, AND THIS YEAR, MORE THAN 5,500 K-12 SCHOOL CHILDREN VISITED THE SCAD MUSEUM OF ART AND SCAD FASH ATLANTA. NOTABLY, IN 2021-22, SCAD'S CURRICULUM GUIDE FOR "A THOUSAND MILES AND COUNTING" WAS DISTRIBUTED TO 305 SCHOOL CHILDREN FOR BLACK HISTORY MONTH. AT SCAD, ALL GALLERY EXHIBITIONS AND LECTURES ARE FREE AND OPEN TO THE PUBLIC (THE SCAD MUSEUM OF ART AND SCAD FASH CHARGE A MODEST ADMISSION AND OFFER DISCOUNTS TO MILITARY AND SENIOR CITIZENS AND CHILDREN UNDER 14 ARE FREE). ANNUALLY, THE SCAD MUSEUM OF ART HOSTS A FAMILY DAY WITH FREE ADMISSION AND MANY EDUCATIONAL ACTIVITIES FOR CHILDREN AND FAMILIES, AND SCAD MOA AND SCAD FASH ALSO PARTICIPATE IN GEORGIA'S SUPER MUSEUM SUNDAY WITH FREE ADMISSION. THE SAVANNAH WOMEN OF VISION INVESTITURE AT SCAD'S ARNOLD HALL COMMEMORATES AN ELITE CADRE OF WOMEN OF VALOR, ALTRUISM, AND INTELLECT WHOSE REMARKABLE LEADERSHIP AND SERVICE POSITIVELY IMPACTED THE SAVANNAH COMMUNITY. SCHOOL GROUPS AND VISITORS ARE INVITED TO TOUR THE PORTRAIT GALLERY, AND SCAD PROVIDES TO STUDENTS AND EDUCATORS A FREE CURRICULUM GUIDE, ALIGNED TO NATIONAL EDUCATION STANDARDS, THAT EXPLORES THE LASTING IMPACT OF THESE WOMEN OF CIVIC, EDUCATIONAL, PHILANTHROPIC, AND CREATIVE VIRTUE. SCAD ALSO PRODUCED THE SAVANNAH WOMEN OF VISION FILM, NARRATED BY CELEBRATED ACTOR PHYLICIA RASHAD, AND MAKES THE FILM AVAILABLE ONLINE FOR VIEWERS TO LEARN ABOUT THE IMPORTANT ACCOMPLISHMENTS AND CONTRIBUTIONS OF THESE WOMEN. FORM 990, PART VI, SECTION A, LINE 2 THERE IS A FAMILY RELATIONSHIP BETWEEN PAULA WALLACE AND GLENN E. WALLACE. FORM 990, PART VI, SECTION B, LINE 11B PRIOR TO FILING, THE RETURN WAS DISTRIBUTED TO BOARD MEMBERS PROVIDING AN OPPORTUNITY TO ASK QUESTIONS AND PROVIDE INPUT. FORM 990, PART VI, SECTION B, LINE 12C THE UNVERSITY'S CORPORATE GOVERNANCE POLICY, WHICH IS AVAILABLE TO ALL EMPLOYEES VIA THE INSTITUTION'S INTRANET AND EMPLOYEE HANDBOOK, PROVIDES GUIDANCE TO ALL EMPLOYEES ON ISSUES OF CONFLICTS OF INTEREST. THE BOARD OF TRUSTEES IS RESPONSIBLE FOR EVALUATING ANY CONFLICTS OF INTEREST AND, IF APPROPRIATE, AUTHORIZING ANY CONTRACT OR TRANSACTION BY THE AFFIRMATIVE VOTE OF A MAJORITY OF THE DISINTERESTED TRUSTEES IF THERE IS A CONFLICT OF INTEREST INVOLVING TRUSTEES. THE UNIVERSITY OBTAINS ANNUALLY A DISCLOSURE OF POTENTIAL CONFLICTS BY TRUSTEES AND MEMBERS OF SENIOR MANAGEMENT. A WHISTLE BLOWER REPORTING PROCESS HAS BEEN ESTABLISHED. THERE IS A DESIGNATED FULL-TIME COMPLIANCE OFFICER THAT INVESTIGATES AND RESOLVES ETHICS COMPLAINTS, INCLUDING CONFLICTS OF INTEREST, INVOLVING EMPLOYEES. FORM 990, PART VI, SECTION B, LINE 15 FORM 990 PART VI, LINE 15A - COMPENSATION PROCESS FOR TOP OFFICIAL: ANSWERED IN SCHEDULE J. FORM 990 PART VI, LINE 15B - COMPENSATION PROCESS FOR OFFICERS THE COMPENSATION OF EACH MEMBER OF SENIOR MANAGEMENT IS SET BY THE COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES FOLLOWING THE PROCEDURES AND STANDARDS SET FORTH IN THE IRS REGULATIONS IN ORDER TO RECEIVE THE "REBUTTABLE PRESUMPTION". AN INDEPENDENT CONSULTING FIRM (AON) THAT SPECIALIZES IN COMPENSATION AND BENEFITS PROVIDES MARKET INFORMATION FOR EACH POSITION VIA A COMPENSATION STUDY THAT INCLUDES CONSIDERATION OF THE COMPENSATION PAID BY OTHER EDUCATIONAL INSTITUTIONS. THE COMPENSATION EXPERT PROVIDES A WRITTEN OPINION ON THE REASONABLENESS OF COMPENSATION. THIS PRACTICE ALSO INCLUDES THE COMPENSATION PAID TO ANY INDIVIDUAL RELATED TO A MEMBER OF SENIOR MANAGEMENT OR THE BOARD. FORM 990, PART VI, SECTION C, LINE 19 FORM 990, PART VI, LINE 19 - GOVERNING DOCUMENTS DISCLOSURE EXPLANATION THE CONFLICTS OF INTEREST POLICY IS PUBLISHED IN THE EMPLOYEE HANDBOOKS AND AVAILABLE ON MYSCAD, THE INSTITUTION'S INTRANET. THE GOVERNING DOCUMENTS AND AUDITED FINANCIAL STATEMENTS ARE NOT DISSEMINATED TO THE PUBLIC AT THIS TIME. FORM 990 PART XII LINE 2C THE BOARD HAS ESTABLISHED AN AUDIT COMMITTEE THAT IS RESPONSIBLE FOR THE OVERSIGHT OF THE INTERNAL AND EXTERNAL AUDIT FUNCTIONS. THE AUDIT COMMITTEE IS ALSO RESPONSIBLE FOR THE SELECTION OF THE INDEPENDENT ACCOUNTING FIRM THAT AUDITS THE INSTITUTION. 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