2025-05-15T08:28:43-05:00 2024-06-30 580692043 MAULDIN & JENKINS LLC 200 GALLERIA PKWY SE STE 1700 ATLANTA GA 303395946 990 2023-07-01 581357177 SAVANNAH COLLEGE OF ART AND DESIGN INC SAVA 9125255000 PO BOX 3146 SAVANNAH GA 31402 CARMEN STOWERS SECRETARY 9125255000 2025-05-14 1 0 MARY JO ALEXANDER P00002534 7709558600 2025-05-14 2023 2025-03-06 01:10:19Z PAULA WALLACE PO BOX 3146 SAVANNAH GA 31402 1549177604 0 X WWW.SCAD.EDU X 1978 GA SEE SCHEDULE O FOR COMPLETE DESCRIPTION. 8 8 4027 4023 3182252 0 7890245 3618458 714501390 798387509 51164459 76562664 3242621 3965696 776798715 882534327 155641690 165444843 0 0 193022629 219336900 0 0 626423 208055102 243558514 556719421 628340257 220079294 254194070 1850705072 2088314309 299112213 282686280 1551592859 1805628029 SCAD PREPARES TALENTED STUDENTS FOR CREATIVE PROFESSIONS THROUGH ENGAGED TEACHING AND LEARNING IN A POSITIVELY ORIENTED UNIVERSITY ENVIRONMENT. 0 0 307368621 669310524 INSTRUCTIONAL EXPENDITURES -- THESE EXPENDITURES RELATE TO PROVIDING EDUCATION SERVICES TO MORE THAN 18,000 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. 168050708 165444843 129076985 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. 541239842 1 1 0 0 0 0 0 1 0 1 1 0 0 0 1 1 0 1 1 1 1 1 0 0 0 0 0 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 1 0 0 1 1 1 1 0 0 1 1030 0 1 4027 1 1 1 1 FR 0 0 0 0 0 0 0 0 0 0 X 8 8 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 MICHAEL METZNER MD 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 2619101 0 19800 GLENN WALLACE CHIEF OPERATING OFFICER 50.00 X 783336 0 19800 JEFFREY JOSIAH WALLER CHIEF FINANCIAL OFFICER 50.00 1.00 X 873259 0 19800 CARMEN STOWERS SECRETARY 50.00 1.00 X 172985 0 8497 GOKHAN OZAYSIN CHIEF ACADEMIC OFFICER 50.00 X 503924 0 19800 LESLEY CAMILLE HANAK CHIEF HUMAN RESOURCES OFFI 50.00 X 639673 0 19800 JOHN BUCKOVICH VP FOR SCAD UNIVERSITY SAF 50.00 X 267140 0 14373 MAUREEN GARVIN DEAN, FOUNDATIONS & FINE A 50.00 X 220778 0 11518 BRADFORD GRANT SR. VP FOR IT 50.00 X 523352 0 19371 JASON FOX VP, ACADEMIC SERVICES 40.00 X 613740 0 19800 STEVE MINEO VP FOR ADMISSION 50.00 X 377582 0 9051 HANNAH FLOWER VP FOR INT'L STUD SVC & LE 50.00 X 448975 0 19800 KERI L HERRIN SR. VP, BRAND EXPERIENCE 50.00 X 358826 0 16607 8402671 0 218017 302 0 1 0 BON APPETIT MANAGEMENT COMPANY PO BOX 50196 LOS ANGELES CA 90074 FOOD SERVICES 34664112 SUNSTATES SECURITY LLC PO BOX 896583 CHARLOTTE NC 28289 SECURITY SERVICES 15763972 FIRST TRANSIT INC 22192 NETWORK PLACE CHICAGO IL 60673 TRANSPORTATION SERVICES 14924525 THE KICKLIGHTER COMPANY 1712 FROST DR SAVANNAH GA 31404 GENERAL CONTRACTOR 13492288 CLAYCO INC 2199 INNERBELT BUSINESS CENTER DRIV SAINT LOUIS MO 63114 GENERAL CONTRACTOR 10646603 224 3618458 1762360 3618458 TUITION AND FEES 611310 653056481 653056481 HOUSING & FOOD SERVICE 721310 129076985 129076985 OTHER FEES AND REVENUE 611310 8901839 8901839 OTHER STUDENT REVENUE 611310 6168392 6168392 CONFERENCES & COMMUNITY ED 611310 969019 969019 214793 214793 798387509 25230041 25230041 94135 94135 724915 77892 0 0 724915 77892 802807 77892 724915 716560000 12077 665333589 0 51226411 12077 51238488 51238488 2579190 1309688 1269502 1269502 TRUSTEES THEATER 711110 1105744 1105744 OTHER REVENUE 711110 787643 729114 58529 1893387 882534327 798387509 3182252 77346108 X 293270 293270 165080439 165080439 71134 71134 5062583 810013 4252570 173627 173627 172856719 141122875 31282762 451082 28944639 23095930 5775397 73312 12299332 9814063 2454117 31152 1498410 1498410 211732 211732 63740669 55391305 8349364 2551485 118987 2432498 18951442 11972861 6943508 35073 23112569 21488960 1622454 1155 13351335 10478694 2872641 1073376 854454 218922 1274548 36799 1237749 54471370 51249253 3222086 31 7198777 249564 6949213 STUDENT MEAL PLAN 32077948 32077948 STUDENT ACTIVITIES 6740044 6365579 353923 20542 MEALS & REFRESHMENTS 4444552 3565949 875859 2744 EQUIPMENT RENTAL AND ST 2982123 1290430 1691693 9878134 5637708 4229094 11332 628340257 541239842 86473992 626423 3245532 3073742 239331974 185912265 4236676 1817835 7374887 9080451 3174738 3975226 1325754 1864555 10623946 13256729 1613315224 487261391 1058292848 1126053833 422251344 632559331 296527 296527 49593139 56623801 50957707 53800014 1850705072 2088314309 68685623 55619817 85081 85081 33466520 36001325 179612653 173120343 11931635 11531616 5330701 6328098 299112213 282686280 X 1521677633 1775318565 29915226 30309464 1551592859 1805628029 1850705072 2088314309 254194070 -158900 0 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 285500 50475329 X X X 1 326684064 27894237 57450231 412028532 255300336 33357251 38026477 326684064 258231565 31549385 -34480614 255300336 173468572 39494039 45268954 258231565 185103912 647328 -4492485 7790183 173468572 0.92100 0.05700 0.02200 0 0 12415451 12415451 1076440045 316310211 760129834 8221657 7622175 599482 181435290 84346718 97088572 145881734 188921047 78982287 255820494 1126053833 ACCRUED INTEREST 1725863 ACCRUED RETIREMENT 2702930 DEFERRED RENT 192332 ASSET RETIREMENT OBLIGATIONS (ARO) 1390306 REFUNDABLE ADVANCES/DEFERRED CONTRIBUTIONS 316667 6328098 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 GRANTS TO FACILITATE STUDY ABROAD 2043218 EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM 1 0 CAPITAL INVESTMENT 2846008 EUROPE (INCLUDING ICELAND & GREENLAND) 1 0 PROGRAM SERVICES PROGRAM SERVICES RELATED TO MEAL PLANS AND OWNERSHIP OF REAL PROPERTY 2885221 3 0 0 0 3 0 7774447 0 7774447 EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM CAMPUS OPERATIONS FOR STUDY ABROAD 2043218 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. 1 LUCAS THEATRE FOR THE ARTS INC PO BOX 3146 SAVANNAH GA 31402 581775851 501(C )(3) 217270 0 SUPPORT FOR OPERATIONS CFDA FOUNDATION INC 1350 AVENUE OF THE AMERICAS FLOOR 2 NEW YORK NY 10019 136214741 501(C )(3) 25000 0 SUPPORT FOR OPERATIONS NATIONAL MUSUEUM OF WOMEN IN THE ARTS 1250 NEW YORK AVE NW WASHINGTON DC 20005 521238810 501(C )(3) 25000 0 SUPPORT FOR OPERATIONS YMA FASHION SCHOLARSHIP FUND 1501 BROADWAY SUITE 2001 NEW YORK NY 10036 208513748 501(C )(3) 15000 0 SUPPORT FOR OPERATIONS FOUNDATION OF WESLEY WOODS 1817 CLIFTON ROAD NE ATLANTA GA 30329 581543164 501(C )(3) 6000 0 SUPPORT FOR OPERATIONS 5 0 STUDENT SCHOLARSHIPS 16152 165080439 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 1328347 0 1270383 0 20371 0 19800 0 0 0 2638901 0 0 0 JEFFREY JOSIAH WALLER CHIEF FINANCIAL OFFICER 570083 0 285000 0 18176 0 19800 0 0 0 893059 0 0 0 GLENN WALLACE CHIEF OPERATING OFFICER 581396 0 201940 0 0 0 19800 0 0 0 803136 0 0 0 LESLEY CAMILLE HANAK CHIEF HUMAN RESOURCES OFFI 403508 0 200000 0 36165 0 19800 0 0 0 659473 0 0 0 JASON FOX VP, ACADEMIC SERVICES 395028 0 200000 0 18712 0 19800 0 0 0 633540 0 0 0 BRADFORD GRANT SR. VP FOR IT 321733 0 164011 0 37608 0 19371 0 0 0 542723 0 0 0 GOKHAN OZAYSIN CHIEF ACADEMIC OFFICER 402124 0 100000 0 1800 0 19800 0 0 0 523724 0 0 0 HANNAH FLOWER VP FOR INT'L STUD SVC & LE 316061 0 110000 0 22914 0 19800 0 0 0 468775 0 0 0 STEVE MINEO VP FOR ADMISSION 263439 0 78438 0 35705 0 9051 0 0 0 386633 0 0 0 KERI L HERRIN SR. VP, BRAND EXPERIENCE 273513 0 81713 0 3600 0 16607 0 0 0 375433 0 0 0 JOHN BUCKOVICH VP FOR SCAD UNIVERSITY SAF 239044 0 25345 0 2751 0 14373 0 0 0 281513 0 0 0 MAUREEN GARVIN DEAN, FOUNDATIONS & FINE A 199911 0 0 0 20867 0 11518 0 0 0 232296 0 0 0 CARMEN STOWERS SECRETARY 133835 0 30000 0 9150 0 8497 0 0 0 181482 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 74265LZ84 2021-11-10 190003608 FINANCING ASSOCIATED WITH STUDENT HOUSING BUILDINGS 0 0 0 A 10125000 190555539 1293068 169697185 2023 0 0 0 1 A 0 0 1 1 0 0.01800 0.01800 0 0 1 A 0 1 0 0 0 0 0 0 1 A 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 2021 BOND ISSUE THE INVESTMENT EARNINGS DURING THE 2021 TAX YEAR WAS $24,476; 2022 TAX YEAR WAS $433,320; AND 2023 TAX YEAR WAS $94,135. GLENN WALLACE FAMILY MEMBER OF PAULA WALLACE, PRESIDENT 756032 WAGES AND BENEFITS 0 HABIBE ISIL OZAYSIN FAMILY MEMBER OF GOKHAN OZAYSIN, KEY EMPLOYEE 40950 WAGES AND BENEFITS 0 MARY GRANT FAMILY MEMBER OF BRADFORD GRANT, HCE 132677 WAGES AND BENEFITS 0 PAULA S WALLACE FAMILY MEMBER OF GLENN WALLACE, COO 1576038 WAGES AND BENEFITS 0 X 4 285500 FAIR MARKET VALUE X 1 15060 FAIR MARKET VALUE X LIVESTOCK: HORSES 6 965000 APPRAISAL X COUTURE 2 496800 FAIR MARKET VALUE 13 0 1 0 PART I, COLUMN (B): SCHEDULE M COLUMN (B) REPRESENTS THE NUMBER OF CONTRIBUTORS. 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 18,000 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 ITS 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 2023. 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. $1.3 BILLION IN ANNUAL ECONOMIC IMPACT, 12,256 JOBS IN DIVERSE INDUSTRIES (REAL ESTATE, RETAIL, AND TOURISM), $51.1 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. $1 BILLION IN ANNUAL ECONOMIC IMPACT, 8,791 JOBS IN DIVERSE INDUSTRIES (REAL ESTATE, RETAIL, AND TOURISM), $38.6 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. $328.5 MILLION IN ANNUAL ECONOMIC IMPACT, 3,465 JOBS IN DIVERSE INDUSTRIES (REAL ESTATE, RETAIL, AND TOURISM), $13.1 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. SCAD SAVANNAH'S SHOTSPOTTER TECHNOLOGY FEATURES THOUSANDS OF PUBLIC-FACING SECURITY CAMERAS SURROUNDING THE EXTERIORS OF SCAD PROPERTIES AND CONNECTED DIRECTLY TO THE SAVANNAH POLICE DEPARTMENT TO MAKE SAVANNAH SAFER. SIMILARLY, 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, AND 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 42 MAJORS AND OFFERS 75 MINORS. THESE PROGRAMS ARE RESEARCHED AND DEVELOPED AT SCAD AND REVISED REGULARLY TO KEEP PACE WITH INDUSTRY TRENDS. COMPANIES COME TO SCAD TO HIRE TALENT FOR THEIR WORKFORCES. IN 2023-24, SCAD HOSTED 174 EMPLOYERS AT THE SCAD CAREER FAIR. 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 444 CLIENTS FOR 950 COLLABORATIONS, WITH 80+ PRODUCTS TAKEN TO MARKET AND STUDENTS RECEIVING 295 OFFERS OF EMPLOYMENT. CLIENTS SCAD HAS SERVED INCLUDE ADOBE, APPLE, BMW, CBS SPORTS, CITY OF DECATUR, CITY OF VIDALIA, COCA-COLA, DELOITTE, DELTA AIR LINES, DISNEY, FOX SPORTS, GOOGLE, GREAT DANE, GULFSTREAM, THE HOME DEPOT, LENOVO, LORAL, MAYO CLINIC, MERCEDES-BENZ, MICROSOFT, NASA, PHOEBE PUTNEY HEALTH, PROCTOR & GAMBLE, SAMSUNG, SUSAN G. KOMAN FOUNDATION, 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 SIGNIFICANT FUNDS IN SCAD ALUMNI BUSINESSES, HELPING THEM SCALE THEIR BUSINESSES AND SOLVE CHALLENGES THROUGH INNOVATION. SCAD HAS A LONG-STANDING TRADITION OF COMMUNITY SERVICE. SINCE THE VERY FIRST SCAD SIDEWALK ARTS FESTIVAL (OPEN-TO-THE-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 2023-24, SCAD CONTINUED ITS TRADITION OF GIVING BACK TO THE COMMUNITY THROUGH SCAD SERVE AND IN MANY OTHER WAYS. IN 2023-24, 336 SCAD SERVE VOLUNTEERS, INCLUDING STUDENTS, FACULTY, AND STAFF, VOLUNTEERED 2,312 HOURS TO SERVE COMMUNITY NEEDS. IN 2023-24: -SCAD MADE 46 DONATIONS TOTALING 2,000 POUNDS OF FRESH, ORGANIC PRODUCE FROM SCAD'S BACK40 GARDEN TO AMERICA'S SECOND HARVEST OF THE COASTAL EMPIRE AND PARK PLACE OUTREACH YOUTH EMERGENCY SHELTER. -SCAD PAINTED 10 LARGE-SCALE BASKETBALL COURT MURALS TO REVITALIZE PUBLIC SPACES IN ATLANTA AND SAVANNAH (SCAD SERVE PAINT OUR PARKS INITIATIVE) -SCAD DONATED ART SUPPLIES TO AREA TEACHERS -SCAD CONTINUED TO FULFILL THE NEED FOR WORKFORCE HOUSING IN SAVANNAH WITH THE LORLEE, A SCAD BUILDING WITH 22 RENOVATED APARTMENTS AVAILABLE TO INDIVIDUALS (FIRST RESPONDERS, ETC.) AT BELOW MARKET RATES. -SCAD PLANTED 279 MATURE TREES IN HEAT-DESERT COMMUNITIES IN SAVANNAH. -SCAD VOLUNTEERS HELPED CLOTHE THOUSANDS OF SAVANNAH RESIDENTS BY VOLUNTEERING AT EMMAUS HOUSE AND UNION MISSION. -SCAD SERVE COMPLETED A DESIGN FOR GOOD PARTNERSHIP WITH THARROS PLACE, WHERE STUDENTS CURATED A COMFORTING ENVIRONMENT FOR THE FIRST SHELTER FOR HUMAN TRAFFICKING SURVIVORS IN CHATHAM CO. -SCAD SERVE PARTNERED WITH URBAN HOPE, A LOCAL NONPROFIT DEVOTED TO LITERACY, AND VOLUNTEERS DONATED HUNDREDS OF HOURS OF THEIR TIME TO HELP SAVANNAH SCHOOLCHILDREN IMPROVE THEIR READING AND WRITING. -DECEMBER 2023 MARKED THE UNIVERSITY'S 28TH 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 HOLIDAY WISHES OF FAMILIES AND CHILDREN. -SCAD SERVE SUPPORTED NUMEROUS COMMUNITY ORGANIZATIONS IN SAVANNAH AND ATLANTA THIS YEAR: BETHESDA ACADEMY, THE AMERICAN RED CROSS, MASSIE HERITAGE CENTER, CHASTAIN HORSE PARK, ONE LOVE ANIMAL RESCUE, UNION MISSION, FRANK CALLEN BOY'S AND GIRL'S CLUB, GOODWILL INDUSTRIES, SALVATION ARMY, JUNIOR LEAGUE, RONALD MCDONALD HOUSE CHARITIES, NATURE CONSERVANCY, AND MORE. IN SPRING 2024, SCAD LAUNCHED THE SCAD SERVE COMMUNITY FUND, A $10 MILLION FUND TO PROVIDE VITAL FINANCIAL SUPPORT TO INITIATIVES FOCUSED ON COMMUNITY SAFETY AND EDUCATION IN ATLANTA AND SAVANNAH, AS WELL AS CRITICAL NEEDS IN THE AREAS OF FOOD, SHELTER, CLOTHING, AND ENVIRONMENTAL SUSTAINABILITY. GRANTS RANGE FROM $100,000 TO $1 MILLION WITH THE FIRST GRANTEES BEING AWARDED FUNDS IN FEBRUARY 2025: SECOND HARVEST OF COASTAL GEORGIA, GREENBRIAR CHILDREN'S CENTER, THE CITY OF SAVANNAH, AND CITY OF REFUGE IN ATLANTA. SINCE 2013, SCAD HAS CHAMPIONED THE "GOODWILL, NOT LANDFILL" CAMPAIGN, KEEPING THOUSANDS OF ITEMS FROM ENTERING THE WASTE STREAM. DONATION BINS ARE PLACE AT MULTIPLE LOCATIONS NEAR RESIDENCE HALLS AS STUDENTS MOVE OUT AT THE CONCLUSION OF EACH ACADEMIC YEAR, AND SCAD DELIVERS THE ITEMS TO GOODWILL TO SUPPORT RESPONSIBLE REUSE OF ITEMS AND TO SUPPORT GOODWILL'S MISSION TO PROVIDE JOBS AND JOB TRAINING FOR INDIVIDUALS WITH DISABILITIES, VETERANS, AND OTHERS. 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 14,000 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 60,000 VISITORS IN 2023-24, AS WELL AS HOSTED NUMEROUS K-12 SCHOOL GROUPS FOR MUSEUM TOURS. IN 2023-24, MORE THAN 3,900 K-12 SCHOOL CHILDREN VISITED THE SCAD MUSEUM OF ART. IN ATLANTA, SCAD FASH MUSEUM OF FASHION AND FILM BRINGS A DYNAMIC AND DISTINCT SCHEDULE OF FASHION-FOCUSED EXHIBITIONS AND COMPELLING FILMS. IN 2023-24, 20,000 PEOPLE VISITED SCAD FASH. IN FRANCE, SCAD OPERATES SCAD FASH MUSEUM OF FASHION AND FILM AND SCAD'S FRENCH HISTORY MUSEUM ON THE CAMPUS IN LACOSTE, AND WELCOMED 19,000 VISITORS IN 2023-24. 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. 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 OFFICERS, 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 IX, LINE 11G OTHER: PROGRAM SERVICE EXPENSES 55,391,305. MANAGEMENT AND GENERAL EXPENSES 8,349,364. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 63,740,669. 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. SAVANNAH MEDIA SUPPORT SERVICES LLC PO BOX 3146 SAVANNAH GA 31402 271079682 SUPPORT GA 0 0 SAVANNAH COLLEGE OF ART AND DESIGN INC ACORN HANGAR LLC PO BOX 3146 SAVANNAH GA 31402 AIRCRAFT MANAGEMENT GA 0 0 SAVANNAH COLLEGE OF ART AND DESIGN INC ACORN LEASING COMPANY PO BOX 3146 SAVANNAH GA 31402 AIRCRAFT MANAGEMENT GA 60000 1453625 SAVANNAH COLLEGE OF ART AND DESIGN INC SCAD HOLDINGS LLC PO BOX 3146 SAVANNAH GA 31402 824187069 SUPPORT GA 0 0 SAVANNAH COLLEGE OF ART AND DESIGN INC MUSEUM CAFE LLC PO BOX 3146 SAVANNAH GA 31402 463951516 SUPPORT GA 0 0 SAVANNAH COLLEGE OF ART AND DESIGN INC SCAD MUSEUM LLC PO BOX 3146 SAVANNAH GA 31402 273916875 MUSEUM GA 315376 0 SAVANNAH COLLEGE OF ART AND DESIGN INC LUCAS THEATRE FOR THE ARTS INC 32 ABERCORN STREET SAVANNAH GA 31401 581775851 CULTURAL GA 501(C) LINE 10 SAVANNAH COLLEGE OF ART AND DESIGN INC 1 SCAD FOUNDATION (HONG KONG) LIMITED 292 TAI PO ROAD N KOWLOON N. KOWLOON HK EDUCATION HK EXEMPT LINE 2 SAVANNAH COLLEGE OF ART AND DESIGN INC 1 LACOSTE SCHOOL OF THE ARTS IN FRANCE ASSOCIATION RUE DU FOUR LACOSTE LACOSTE FR 84480 CAMPUS FR SAVANNAH COLLEGE OF ART AND DESIGN INC C 3694506 1.00000 1 LACOSTE SCHOOL OF THE ARTS IN FRANCE SA (FKA COMPANIA DE NAVEGACION) PO BOX 3146 SAVANNAH GA 31402 CAMPUS PM SAVANNAH COLLEGE OF ART AND DESIGN INC C 1.00000 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 LUCAS THEATRE FOR THE ARTS INC B 217270 TRANSACTION AMOUNT LACOSTE ASSOC FOR THE ARTS B 2043218 TRANSACTION AMOUNT