2025-05-07T15:02:52-05:00 2024-06-30 410746749 CLIFTONLARSONALLEN LLP 420 SOUTH ORANGE AVENUE SUITE 900 ORLANDO FL 32801 990 2023-07-01 592961536 BEACON COLLEGE INC BEAC 3523651135 105 EAST MAIN STREET LEESBURG FL 34748 DR FREDERIC S GORE CFO 3523651135 2025-05-07 1 1 LACEY M QUATSOE P01300865 4078021200 2025-05-07 2023 2025-03-06 01:10:19Z DR FREDERIC S GORE 105 EAST MAIN STREET LEESBURG FL 34748 42372437 0 X WWW.BEACONCOLLEGE.EDU X 1989 FL FOUR-YEAR ACCREDITED COLLEGE SERVING STUDENTS WITH LEARNING DISABILITIES & DIFFERENCES 14 14 342 35 0 0 4011985 4040503 31676328 35052630 7178 450615 206069 230143 35901560 39773891 7798195 9384551 0 0 12736973 14216793 0 197173 566382 11999540 13234751 32534708 37033268 3366852 2740623 36914716 38815523 21633684 20874487 15281032 17941036 BEACON COLLEGE (BEACON OR COLLEGE), A FOUR-YEAR ACCREDITED COLLEGE, SERVES STUDENTS WITH LEARNING DISABILITIES, ADHD, AND OTHER LEARNING DIFFERENCES. 0 0 30792392 9384551 35052630 BEACON WAS FOUNDED BY PARENTS IN ORDER TO MAKE A SUPERIOR HIGHER EDUCATION ACCESSIBLE TO STUDENTS WITH LEARNING DIFFERENCES. WHEN ESTABLISHED IN 1989, THE COLLEGE WAS GRANTED THE APPROVAL OF THE FLORIDA DEPARTMENT OF EDUCATION TO OFFER A FOCUSED LIBERAL ARTS-BASED CURRICULUM ALIGNED SPECIFICALLY TO THE LEARNING STYLES, SPECIALIZED INSTRUCTIONAL AND LIFESTYLE DEVELOPMENT NEEDS OF THESE STUDENTS. BEACON IS A FULLY ACCREDITATED FOUR-YEAR PRIVATE LIBERAL ARTS COLLEGE FOR STUDENTS SEEKING ASSOCIATE'S AND BACHELOR'S DEGREES. BEACON'S CAMPUS IN LEESBURG, FLORIDA CURRENTLY SERVES MORE THAN 500 DEGREE-SEEKING STUDENTS AND HUNDREDS MORE IN ITS TRANSITIONAL PROGRAMS. 30792392 1 1 0 1 0 0 0 1 0 1 1 0 0 0 0 1 1 0 1 0 1 0 1 1 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 1 1 0 0 0 1 62 0 1 342 1 0 0 0 0 0 0 0 0 0 0 0 0 X 14 14 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X DR FREDERIC S GORE CPA 3523651135 105 EAST MAIN STREET LEESBURG FL 34748 DR GEORGE J HAGERTY PRESIDENT 50.00 X 403546 0 131887 DALE HEROLD VP OF ADMISSIONS & ENROLLMENT 50.00 X 181473 0 47045 SHELLY CHANDLER PROVOST 50.00 X 182054 0 50686 RICHARD KILLION VP OF INSTITUTIONAL ADVANCEMENT 50.00 X 159613 0 40233 DR BRENT BETIT COO 50.00 X 154381 0 22215 ALEXANDER MORRIS-WOOD VP OF PROGRAM DEVELOPMENT 50.00 X 141857 0 30420 DANA MANZO VP OF STUDENT AFFAIRS 50.00 X 107942 0 34487 DR FRED GORE CFO 50.00 X 105011 0 22528 DR BRAD HOUGH CIO 50.00 X 100576 0 40482 DR KEVIN REILLY VP OF ACADEMICS (AS OF 6/24) 50.00 X 0 0 0 DR DANIEL AVERBECK BOARD CHAIR 8.00 X X 0 0 0 SARAH FLANAGAN VICE CHAIR 6.00 X X 0 0 0 JOHN ROGERS SECRETARY/TREASURER 6.00 X X 0 0 0 DR JENNIFER BRAATEN TRUSTEE 4.00 X 0 0 0 PETER GIAMALVA TRUSTEE (AS OF 10/23) 4.00 X 0 0 0 JOHN R GILL TRUSTEE 4.00 X 0 0 0 DR MARK GRIFFIN TRUSTEE 4.00 X 0 0 0 DR SHELDON H HOROWITZ TRUSTEE 4.00 X 0 0 0 NANCY D JUDGE TRUSTEE 4.00 X 0 0 0 DR ALFRED MOFFETT TRUSTEE 4.00 X 0 0 0 JANET MORROW TRUSTEE (AS OF 10/23) 4.00 X 0 0 0 DEBBIE RESNICK TRUSTEE 4.00 X 0 0 0 HUGH W THOMPSON III TRUSTEE 4.00 X 0 0 0 CHARO UCEDA TRUSTEE 4.00 X 0 0 0 JENNIFER KNOFF TRUSTEE (THRU 5/24) 4.00 X 0 0 0 1536453 0 419983 9 0 1 0 SODEXO INC & AFFILIATES 9801 WASHINGTON BLVD GAITHERSBURG MD 20878 DINING/FACILITIES 3435581 ICL INTERIOR ARCHITECTURE INC 20 N WACKER SUITE 1928 CHICAGO IL 60607 ARCHITECTURAL WORK 255447 YARD STOP GARDEN CENTER 4200 FL-19-A MT DORA FL 32757 LANDSCAPING SERVICES 168203 VEYTEC INC 2301 SILVER STAR RD ORLANDO FL 32804 INFORMATION TECHNOLOGY SERVICES 154130 CURLEY & PYNN PUBLIC RELATIONS MANAGEMEN 1516 HILLCREST STREET STE 210 ORLANDO FL 32803 PUBLIC RELATIONS SERVICES 117195 8 500000 3540503 248201 4040503 TUITION & FEES 611310 25348106 25348106 ROOM & BOARD FEES 611310 7106311 7106311 NONTRADITIONAL PROGRAMS 611310 1971243 1971243 STUDENT SERVICE FEES 611310 626970 626970 35052630 128359 128359 2690585 2368329 322256 322256 322256 6040 1500 4540 4540 277375 228717 48658 48658 STUDENT HEALTH INSURANCE 900099 165695 165695 VENDING 900099 6122 6122 SHUTTLE FEES 900099 2500 2500 2628 2628 176945 39773891 35052630 0 680758 X 9368051 9368051 16500 16500 1525402 208959 1152024 164419 42865 32848 9293 724 10035789 8521221 1450457 64111 361330 347137 14193 1451851 1159812 292039 799556 624509 163975 11072 117107 13 117094 72299 72299 68830 68830 197173 197173 26981 26981 3719632 3423121 296511 572507 370049 199333 3125 1074452 515789 515444 43219 174822 4407 156276 14139 2498171 2129174 357536 11461 411274 263865 135628 11781 703251 455938 209364 37949 634772 585253 49519 1678810 1513248 165562 638861 594571 43672 618 CAMPUS ACTIVITIES 538187 531655 5637 895 DUES & MEMBERSHIPS 91013 30664 60349 BAD DEBT EXPENSE 44857 44857 MEALS & CATERING 42792 42792 126133 7959 112478 5696 37033268 30792392 5674494 566382 1743456 2311761 1263100 1760368 1405960 1947283 178783 105048 43288 45053 449751 400071 39443344 9097459 29402522 30345885 2023068 1423980 404788 476074 36914716 38815523 1821992 1613936 1897355 1991371 17753287 17190813 161050 78367 21633684 20874487 X 11756120 11974251 3524912 5966785 15281032 17941036 36914716 38815523 X 2740623 -155463 74844 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 0 0 1 69149 69149 0 PART II-B, LINE 1: RICHARD KILLION AND PRESIDENT GEORGE HAGERTY EACH HAD $75 LOBBYIST REGISTRATION FEES WITH THE STATE OF FLORIDA. THE REMAINING $68,980 IS PAID TO GRAY ROBINSON. THIS FIRM INTERACTS WITH VARIOUS AGENCIES AND INDIVIDUALS IN THE FLORIDA STATE GOVERNMENT AND HAS BEEN INSTRUMENTAL IN BOTH TALKING TO STATE AGENCIES CONCERNING POSSIBLE GRANTS FOR THE COLLEGE AND KEEPING BEACON'S NAME AND STORY BEFORE ELECTED OFFICIALS AND STATE AGENCIES. THE ORGANIZATION ALSO PAYS MEMBERSHIP DUES TO NAICU, WHICH ENGAGES IN LOBBYING ACTIVITIES FOR ITS MEMBERS. THE PORTION OF MEMBERSHIP DUES TO NAICU ATTRIBUTABLE TO LOBBYING ACTIVITIES IS ESTIMATED TO BE $169. X X 0 118174 11817 129991 118284 -110 118174 120836 -2552 118284 98557 22279 120836 100811 -2254 98557 0.00000 1.00000 0.00000 0 0 3745889 3745889 27555732 6168312 21387420 2301650 828027 1473623 2660752 1366357 1294395 3179321 734763 2444558 30345885 X 30511957 -155463 305061 149598 30362359 26981 9384551 9411532 39773891 27851953 228717 228717 27623236 26981 9383051 9410032 37033268 PART III, LINE 1A: COLLECTION ITEMS CONSIST OF ART OBJECTS THAT ARE HELD FOR EDUCATIONAL AND CURATORIAL PURPOSES. EACH OF THE ITEMS IS CATALOGUED, PRESERVED, CARED FOR, AND KEPT UNENCUMBERED. ACTIVITIES VERIFYING THEIR EXISTENCE AND ASSESSING THEIR CONDITION ARE PERFORMED CONTINUOUSLY. COLLECTION ITEMS ACQUIRED EITHER THROUGH PURCHASE OR DONATION ARE NOT CAPITALIZED. PART V, LINE 4: THE COLLEGE INTENDS TO USE ITS ENDOWMENTS TO PROVIDE FUNDS FOR FUTURE SCHOLARSHIPS. PART X, LINE 2: THE COLLEGE IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (IRC); THEREFORE, NO PROVISION FOR INCOME TAXES HAS BEEN MADE IN THE ACCOMPANYING FINANCIAL STATEMENTS. THE COLLEGE HAS ALSO BEEN CLASSIFIED AS AN ORGANIZATION THAT IS NOT A PRIVATE FOUNDATION WITHIN THE MEANING OF SECTION 509(A) AND QUALIFIES FOR DEDUCTIBLE CONTRIBUTIONS AS PROVIDED IN SECTION 170(B)(1)(A). THE COLLEGE IS SUBJECT TO FEDERAL INCOME TAX ONLY ON NET UNRELATED BUSINESS INCOME UNDER THE PROVISIONS OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE COLLEGE HAS EVALUATED ITS TAX POSITIONS AND DETERMINED IT HAS NO UNCERTAIN TAX POSITIONS AND HAS NOT RECORDED ANY OBLIGATIONS FOR UNRELATED BUSINESS INCOME TAX. PART XI, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 228,717. CHANGE IN VALUE OF SPLIT INTEREST AGREEMENT 74,844. GAMING EXPENSES 1,500. PART XI, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS AND GRANTS NETTED AGAINST TUITION REVENUE 9,384,551. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 228,717. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS AND GRANTS NETTED AGAINST TUITION REVENUE 9,384,551. GAMING EXPENSES -1,500. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 BEACON COLLEGE'S POLICY IS STATED IN ALL ADVERTISING/NEWS RELEASES AT THE START OF THE SCHOOL YEAR. SCHEDULE E, PART I, LINE 6 BEACON COLLEGE HAS BEEN THE RECIPIENT OF FLORIDA TUITION ASSISTANCE AND THE RECIPIENT OF FLORIDA DEPARTMENT OF TRANSPORTATION GRANTS TO PURCHASE VEHICLES. BEACON COLLEGE HAS NEVER HAD ITS RIGHT TO FINANCIAL AID OR ASSISTANCE FROM A GOVERNMENTAL AGENCY REVOKED. 0 SOUTH AMERICA 0 0 GRANTMAKING 5000 MIDDLE EAST AND NORTH AFRICA 0 0 GRANTMAKING 7500 CENTRAL AMERICA AND THE CARIBBEAN 0 0 GRANTMAKING 4000 EAST ASIA AND THE PACIFIC 0 0 STUDY ABROAD PROGRAM EXPENSES EDUCATIONAL COURSES & CULTURAL/EXPERIENTIAL LEARNING EXPERIENCES 224658 EUROPE 0 0 STUDY ABROAD PROGRAM EXPENSES EDUCATIONAL COURSES & CULTURAL/EXPERIENTIAL LEARNING EXPERIENCES 203847 0 0 0 0 0 0 445005 0 445005 SCHOLARSHIPS SOUTH AMERICA 1 5000 RATE REDUCTIONS SCHOLARSHIPS MIDDLE EAST AND NORTH AFRICA 2 7500 RATE REDUCTIONS SCHOLARSHIPS CENTRAL AMERICA AND THE CARIBBEAN 1 4000 RATE REDUCTIONS 0 0 0 0 0 0 PART I, LINE 2: INTERNATIONAL STUDENTS ARE ELIGIBLE TO RECEIVE AN EDUCATIONAL COST REDUCTION BY DEMONSTRATING FINANCIAL NEED. THESE GRANTS VARY AND ARE DETERMINED BY THE STUDENT'S FINANCIAL CIRCUMSTANCES. ASSISTANCE IS PROVIDED ONLY TO REDUCE THE STUDENTS' ESTABLISHED CHARGES FOR TUITION, FEES, ROOM AND BOARD. FUNDS ARE NOT KEPT OR DISBURSED TO STUDENTS NOR DO AWARDS EXCEED ESTABLISHED CHARGES. X X X X X 1 CURLEY & PYNN PUBLIC RELATIONS 1516 HILLCREST ST STE 210 ORLANDO FL 32803 CAPITAL CAMPAIGN - PUBLIC RELATIONS MANAGEMENT SERVICES 0 0 117195 0 ASPIRE RESEARCH GROUP 701 S HOWARD AVE STE 106-447 TAMPA FL 33606 CAPITAL CAMPAIGN - PROSPECT SCREEENING & VERIFICATION 0 0 8330 0 SWAN TRAIL BUSINESS SOLUTIONS 2279 NATOMA BLVD MT DORA FL 32757 CAPITAL CAMPAIGN - DONOR DATABASE MANAGEMENT 0 0 38970 0 BRANDCONNEX LLC 99 WOOD AVE S SUITE 304 ISELIN NJ 08830 CAPITAL CAMPAIGN - DIGITAL MARKETING 0 0 20500 0 SOFTERWARE INC 601 OFFICE CENTER DR SUITE 200 FORT WASHINGTON PA 190343275 DONOR DATABASE MANAGEMENT 0 0 12178 0 197173 FL 1 SCHOLARSHIPS AND GRANTS 538 9186818 N/A N/A SCHOLARSHIPS AND DISCOUNTS 214 181233 N/A N/A PART I, LINE 2: PRIMARILY STUDENTS ARE AWARDED BEACON SCHOLARSHIP AND GRANT AID (DISCOUNTED EDUCATION COSTS) BASED ON DEMONSTRATING FINANCIAL NEED AS DEFINED BY FEDERAL STUDENT AID GUIDELINES. THE DISCOUNT APPLIED IS AWARDED ON A FORMULA ASSIGNING THE LARGEST BEACON DISCOUNT TO THE NEEDIEST STUDENTS. THERE ARE A FEW SCHOLARSHIPS (DISCOUNTS) AWARDED BASED ON RECOMMENDATIONS FROM EDUCATIONAL PROFESSIONALS (PROFESSIONAL EDUCATOR SCHOLARSHIP) AND/OR A GRANT (RAISE ME) OFFERED TO STUDENTS WHO ACHIEVED SPECIFIC ACCOMPLISHMENTS IN HIGH SCHOOL. IN THESE CASES, EVERYONE AUTOMATICALLY RECEIVES THE SAME LEVEL OF REDUCTION BASED ON PREDETERMINED CRITERIA. IN ORDER FOR STUDENTS TO CONTINUE TO RECEIVE NEED-BASED BEACON COLLEGE GRANTS AND SCHOLARSHIPS, STUDENTS MUST RE-APPLY EACH YEAR USING THE FEDERAL APPLICATION FOR STUDENT AID. STUDENTS MUST ALSO REMAIN IN GOOD ACADEMIC STANDING AS DESCRIBED IN THE BEACON ACADEMIC CATALOG. SHOULD THE STUDENT/FAMILY FINANCIAL CIRCUMSTANCE CHANGE, THE STUDENT MAY RECEIVE A REDUCTION OR INCREASE IN A BEACON GRANT. IN THE CASE OF NON-NEED BASED BEACON COLLEGE GRANTS, STUDENTS ARE MONITORED ANNUALLY TO ASSURE THEY ARE MAINTAINING GOOD ACADEMIC STANDING. X 1 1 X X X X 0 0 0 0 0 0 0 1 0 DR GEORGE J HAGERTY PRESIDENT 337153 0 25636 0 40757 0 77881 0 54006 0 535433 0 0 0 DALE HEROLD VP OF ADMISSIONS & ENROLLMENT 180458 0 1015 0 0 0 8944 0 38101 0 228518 0 0 0 SHELLY CHANDLER PROVOST 182054 0 0 0 0 0 8949 0 41737 0 232740 0 0 0 RICHARD KILLION VP OF INSTITUTIONAL ADVANCEMENT 159613 0 0 0 0 0 8057 0 32176 0 199846 0 0 0 DR BRENT BETIT COO 154381 0 0 0 0 0 2955 0 19260 0 176596 0 0 0 ALEXANDER MORRIS-WOOD VP OF PROGRAM DEVELOPMENT 141857 0 0 0 0 0 7190 0 23230 0 172277 0 0 0 PART I, LINE 1A THE PRESIDENT IS PROVIDED A HOUSING ALLOWANCE AND CAR ALLOWANCE AS A PART OF HIS CONTRACTED COMPENSATION. IT IS INCLUDED IN HIS TAXABLE INCOME. PART I, LINE 7 THE PRESIDENT'S ANNUAL BONUS IS BASED UPON AN ASSESSMENT DONE BY THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES AS PART OF HIS ANNUAL ASSESSMENT. IT IS NOT SET IN AMOUNT, BUT IS DETERMINED AT THE TIME OF ASSESSMENT BY THE COMMITTEE TAKING INTO CONSIDERATION THE GOALS PROVIDED AND RESULTS ACHIEVED BY THE PRESIDENT AND THE COLLEGE. WHILE THE PROFITABILITY AND FINANCIAL WELL-BEING OF THE COLLEGE IS AN IMPORTANT FACTOR IN THE COMMITTEE'S ASSESSMENT, IT IS ONE OF SEVERAL FACTORS INVOLVED. THE VP OF ADMISSIONS AND ENROLLMENT'S ANNUAL BONUS IS DETERMINED BY THE PRESIDENT AS PART OF HIS ASSESSMENT AND THE COLLEGE'S SUCCESS AT INCREASING ENROLLMENT AND ADMINISTERING READINESS PROGRAMS THAT FEED INTO THE COLLEGE'S UNDERGRADUATE ENROLLMENT. HER BONUS IS NOT TIED TO SPECIFIC FINANCIAL COMPONENTS. A HIGHER EDUCATIONAL FACILITIES FINANCE AUTHORITY 900058227 000000000 2019-06-27 20070000 REFUND PRIOR ISSUE; RESIDENCE & DINING HALL 0 0 0 A 2505000 20070000 243107 401400 348817 7217267 11859409 2022 1 0 1 1 A 0 0 0 0 0 0 1 A 0 0 0 1 0 0 0 0 1 A 1 DATE REBATE COMPUTATION PERFORMED ISSUER NAME: HIGHER EDUCATIONAL FACILITIES FINANCE AUTHORITY DATE THE REBATE COMPUTATION WAS PERFORMED: 05/31/2023 NATHAN JUDGE FAMILY OF TRUSTEE 39348 COMP/BENEF 0 SAMANTHA RESNICK FAMILY OF TRUSTEE 3517 COMP/BENEF 0 X 4 221744 X OFFICE FURNITURE 2 26000 FMV X MISCELLANEOUS 2 457 1 0 1 0 PART I, COLUMN (B): THE COUNT IN COLUMN B IS THE NUMBER OF CONTRIBUTIONS. FORM 990, PART VI, SECTION A, LINE 1A THE EXECUTIVE COMMITTEE SHALL HAVE FIVE MEMBERS, ALL OF WHOM SHALL BE VOTING MEMBERS OF THE BOARD. THE PRESIDENT SHALL ALSO SERVE ON THE EXECUTIVE COMMITTEE BUT IN AN EX OFFICIO, NON-VOTING CAPACITY. THE EXECUTIVE COMMITTEE SHALL BE COMPOSED OF THE OFFICERS OF THE BOARD WITH OTHER MEMBERS SELECTED FROM THE CHAIRS OF STANDING COMMITTEES AND/OR AT-LARGE MEMBERS NOMINATED BY THE BOARD CHAIR AND CONFIRMED AT THE BOARD'S ANNUAL MEETING BY A MAJORITY VOTE OF THOSE TRUSTEES IN ATTENDANCE. IN CONDUCTING ITS DUTIES, THE EXECUTIVE COMMITTEE, SHALL NOT, EVEN IF THE NUMBER IS SUFFICIENT, BE CONSIDERED A QUORUM FOR A SPECIAL MEETING OF THE FULL BOARD. THE EXECUTIVE COMMITTEE IS EMPOWERED TO ACT FOR THE BOARD BETWEEN REGULAR BOARD OF TRUSTEES' MEETINGS ON ALL MATTERS, EXCEPT FOR THOSE MATTERS EXCLUSIVELY RESERVED TO THE BOARD: (I) PRESIDENTIAL SELECTION AND TERMINATION, (II) BOARD MEMBER AND BOARD OFFICER ELECTION, (III) CHANGES IN THE MISSION AND/OR PURPOSE OF THE INSTITUTION, (IV) AMENDMENTS TO THE ARTICLES OF INCORPORATION AND/OR BYLAWS, (V) INCURRENCE OF CORPORATE INDEBTEDNESS, (VI) SALE OR OTHER DISPOSITION OF REAL ESTATE AND/OR OTHER TANGIBLE PROPERTY, (VII) ADOPTION OF THE ANNUAL BUDGET, AND (VIII) CONFERRAL OF DEGREES, (IX) SETTING TUITION, (X) SETTING INCREASES IN SALARIES. FORM 990, PART VI, SECTION B, LINE 11B BOARD OF TRUSTEES MEMBERS ARE PROVIDED A DRAFT COPY OF THE FORM 990 FOR THEIR REVIEW, AND THE FINAL FORM 990 IS THEN FILED UPON SIGNATURE OF AN AUTHORIZED OFFICER. FORM 990, PART VI, SECTION B, LINE 12C A BOARD MEMBER SHALL BE CONSIDERED TO HAVE A CONFLICT OF INTEREST IF HE OR SHE, OR PERSONS OR ENTITIES WITH WHICH HE OR SHE IS AFFILIATED, HAS A DIRECT OR INDIRECT INTEREST THAT MAY IMPAIR OR MAY REASONABLY APPEAR TO IMPAIR HIS OR HER INDEPENDENT, UNBIASED JUDGMENT IN THE DISCHARGE OF HIS OR HER RESPONSIBILITIES TO THE INSTITUTION. BOARD MEMBERS SHALL DISCLOSE TO THE BOARD ANY ACTUAL, APPARENT, OR POSSIBLE CONFLICT OF INTEREST AT THE EARLIEST PRACTICAL TIME. A BOARD MEMBER WHO HAS MADE SUCH A DISCLOSURE SHALL ABSTAIN FROM VOTING ON SUCH MATTERS, OR PARTICIPATING IN OR OTHERWISE INFLUENCING THE DELIBERATIONS OF THE BOARD IN RELATION TO THE MATTER FOR WHICH AN ACTUAL, APPARENT, OR POSSIBLE CONFLICT IS ACKNOWLEDGED. THE BOARD MEETING MINUTES SHALL REFLECT THAT A DISCLOSURE WAS MADE AND NOTE THE BOARD MEMBERS' ABSTENTION FROM VOTING AND ABSENCE DURING BOARD DELIBERATIONS. A BOARD MEMBER WHO IS RECUSED MAY BE COUNTED FOR PURPOSES OF DETERMINING THE PRESENCE OF A QUORUM AT THE MEETING, BUT SHALL NOT BE COUNTED FOR PURPOSES OF DETERMINING THE PRESENCE OF A QUORUM FOR REQUISITE BOARD ACTION. IN ACCORDANCE WITH THE CONFLICT OF INTEREST POLICY, EVERY BOARD MEMBER SHALL COMPLETE AND SIGN A DISCLOSURE FORM ON AN ANNUAL BASIS, AND UPDATE THE FORM AS PROMPTLY AS POSSIBLE FOLLOWING KNOWLEDGE OF CONDITIONS THAT MAY CREATE A POSSIBLE CONFLICT OF INTEREST. BOARD MEMBERS SERVE AS VOLUNTEERS AND ARE NOT COMPENSATED FOR THEIR SERVICES. THEY MAY BE REIMBURSED FOR TRANSPORTATION AND OTHER REASONABLE DIRECT EXPENSES WHILE ENGAGED IN THE DISCHARGE OF THEIR OFFICIAL BOARD DUTIES. FORM 990, PART VI, SECTION B, LINE 15 BEACON CONDUCTS AN ANNUAL ADMINISTRATIVE SALARY AND BENEFIT SURVEY FOR THE PRESIDENT. AT THE SAME TIME, AN ANNUAL SALARY SURVEY OF SENIOR EXECUTIVES OR OFFICERS IS ALSO CONDUCTED. THE RESEARCH UTILIZED FOR THE ADMINISTRATIVE SURVEY IS OBTAINED FROM THE COLLEGE AND UNIVERSITY PROFESSIONAL ASSOCIATION FOR HUMAN RESOURCES (CUPA-HR). CUPA-HR IS CONSIDERED THE DEFINITIVE SOURCE FOR ADMINISTRATIVE SALARIES FOR HIGHER EDUCATION SINCE 1967, AND THE RESEARCH FROM ITS ADMINISTRATOR SURVEY IS USED BY THE "CHRONICLE OF HIGHER EDUCATION" TO ANNUALLY REPORT ON THE COMPENSATION FOR HIGHER EDUCATION ADMINISTRATIVE STAFF. IN ADDITION, BEACON UTILIZES THE DATA OBTAINED FROM THE MOST RECENT IRS FORM 990 FILINGS FOR EACH COLLEGE THAT BEACON UTILIZES FOR COMPARATIVE PURPOSES. INCLUDED IN THIS COMPARISON ARE: PEER COLLEGES, FLORIDA COLLEGES, PRIVATE INDEPENDENT COLLEGES, BACCALAUREATE COLLEGES, AND SOUTHERN REGION PRIVATE INDEPENDENT COLLEGES, BY ENROLLMENT OR TOTAL EXPENSE. THE DIRECTOR OF HUMAN RESOURCES PERFORMS THE ANALYSIS OF DATA AND WRITES THE REPORTS, WHICH INCLUDES DATA DOCUMENTATION, FOR THE BOARD CHAIR AND PRESIDENT TO REVIEW. THE PRESIDENT MAKES A RECOMMENDATION TO THE BOARD CHAIR FOR SUGGESTED COMPENSATION FOR EXECUTIVE LEVEL COMPENSATION, BASED ON AN ANNUAL REVIEW OF THEIR ACCOMPLISHMENTS IN THEIR RESPECTIVE POSITIONS. THE BOARD CHAIR REVIEWS BOTH THE PRESIDENT'S ANNUAL COMPENSATION SURVEY AND EXECUTIVE LEVEL COMPENSATION RECOMMENDATIONS FROM THE PRESIDENT. THESE ARE THEN PRESENTED TO THE COMPENSATION COMMITTEE APPOINTED BY THE EXECUTIVE COMMITTEE FOR REVIEW AND DISCUSSION, TO INCLUDE THE ANNUAL REVIEW FOR THE PRESIDENT. THE COMPENSATION COMMITTEE MEETS IN CLOSED SESSION AND DETERMINES THE COMPENSATION LEVELS FOR THE PRESIDENT AND SENIOR EXECUTIVES. THE COMPENSATION COMMITTEE ADVISES THE EXECUTIVE COMMITTEE WHO PRESENTS THE RECOMMENDATIONS TO THE FULL BOARD. FORM 990, PART VI, SECTION C, LINE 19 THE COLLEGE'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE MADE AVAILABLE UPON REQUEST FOR A REASONABLE COPYING CHARGE. FORM 990, PART IX, LINE 11G DINING SERVICES: PROGRAM SERVICE EXPENSES 2,176,592. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 2,176,592. FACILITIES MANAGEMENT: PROGRAM SERVICE EXPENSES 1,168,328. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,168,328. CONSULTING SERVICES: PROGRAM SERVICE EXPENSES 5,979. MANAGEMENT AND GENERAL EXPENSES 137,961. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 143,940. HEALTH SERVICES MANAGEMENT: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 108,550. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 108,550. FINANCIAL AID SERVICES: PROGRAM SERVICE EXPENSES 72,222. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 72,222. CONTRACT LABOR: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 50,000. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 50,000. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF SPLIT INTEREST AGREEMENT 74,844. CHARITABLE REMAINDER TRUST (1) TRUST FL BEACON COLLEGE INC 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0