2021-05-17T13:54:58-05:00 2020-06-30 341884125 CBIZ MHM LLC 4722 N 24TH ST STE 300 PHOENIX AZ 85016 990 2019-07-01 860294012 PRESCOTT COLLEGE INC PRES 9283504006 220 GROVE AVE PRESCOTT AZ 86301 JOHN FLICKER PRESIDENT/CEO 9283504006 2021-05-17 1 AMY A O'LOUGHLIN P00869687 6022646835 2021-05-17 2019 2022-09-23 18:48:47Z JOHN FLICKER 220 GROVE AVE PRESCOTT AZ 86301 29027928 0 X WWW PRESCOTT EDU X 1975 AZ EDUCATE STUDENTS OF DIVERSE AGES & BACKGROUNDS TO UNDERSTAND, THRIVE IN, & ENHANCE OUR WORLD COMMUNITY & ENVIRONMENT 15 13 679 13 7365 0 2337701 5111234 15970331 19729744 615434 1322 1378540 1351292 20302006 26193592 5358126 7174505 0 0 9349910 11623983 0 0 1060844 5075902 6382368 19783938 25180856 518068 1012736 26326899 28971986 11850311 13618117 14476588 15353869 X TO EDUCATE STUDENTS OF DIVERSE AGES AND BACKGROUNDS TO UNDERSTAND, THRIVE IN, AND ENHANCE OUR WORLD COMMUNITY AND ENVIRONMENT. WE REGARD LEARNING AS A CONTINUING PROCESS AND STRIVE TO PROVIDE AN EDUCATION THAT WILL ENABLE STUDENTS TO LIVE PRODUCTIVE LIVES WHILE ACHIEVING A BALANCE BETWEEN SELF-FULFILLMENT AND SERVICE TO OTHERS. STUDENTS ARE ENCOURAGED TO THINK CRITICALLY AND ACT ETHICALLY WITH SENSITIVITY TO BOTH THE HUMAN COMMUNITY AND THE BIOSPHERE. 0 0 7056579 5204489 10460051 ON-CAMPUS UNDERGRADUATE BACHELOR OF ARTS DEGREES IN ADVENTURE EDUCATION, ARTS AND LETTERS, ENVIRONMENTAL STUDIES, EDUCATION, CULTURAL AND REGIONAL STUDIES AND HUMAN DEVELOPMENT FULL-TIME EQUIVALENTS FOR THE FALL TERM - 328. 5870977 1876138 8702618 ONLINE BACHELOR'S, MASTER'S, AND PHD DEGREE PROGRAMS IN ADVENTURE EDUCATION, ARTS AND HUMANITIES, COUNSELING, ENVIRONMENTAL STUDIES, EDUCATION, CULTURAL AND REGIONAL STUDIES, RESILIENT AND SUSTAINABLE COMMUNITY DEVELOPMENT, SOCIAL JUSTICE AND COMMUNITY ORGANIZING, SUSTAINABILITY LEADERSHIP, AND PSYCHOLOGY AND HUMAN DEVELOPMENT FULL-TIME EQUIVALENTS FOR THE FALL TERM - 425. 3976695 650 LIBRARY AND LEARNING COMMONS: THE ADVISING AND LEARNING COMMONS PROVIDES ALL PRESCOTT COLLEGE STUDENTS WITH OPPORTUNITIES FOR AN ENHANCED LEARNING EXPERIENCE BY OFFERING A VARIETY OF LIBRARY, RESEARCH, AND OTHER ACADEMIC SUPPORT SERVICES. THE LEARNING COMMONS PROVIDES FOUNDATIONAL AND CONNECTED LEARNING ACROSS ALL PROGRAMS AND DELIVERIES BY MAKING AVAILABLE WRITING, SCIENCE, MATH, AND LANGUAGE TUTORING AS WELL AS COUNSELING, ADVISING AND OTHER RESOURCES. 2142618 93878 1550802 SERVICE PROGRAMS AT THE COLLEGE INCLUDE THE SPONSORED PROGRAM ARIZONA SERVE. ARIZONA SERVE INCLUDES AMERICORPS AND VISTA NATIONAL SERVICE PROGRAMS DESIGNED TO IMPROVE LIVES AND FOSTERING CIVIC ENGAGEMENT. MEMBERS COMMIT THEIR TIME TO ADDRESS CRITICAL COMMUNITY NEEDS LIKE INCREASING ACADEMIC ACHIEVEMENT, MENTORING YOUTH, FIGHTING POVERTY, SUSTAINING NATIONAL PARKS, PREPARING FOR DISASTERS, AND MORE. 1969740 IN SPRING 2020, THE COLLEGE RECEIVED A FULL 10-YEAR REAFFIRMATION OF ACCREDITATION FROM THE HIGHER LEARNING COMMISSION. IN THE SUMMER OF 2020, THE COLLEGE RECEIVED A FULL 8-YEAR INITIAL ACCREDITATION OF THE MS COUNSELING PROGRAM BY THE COUNCIL ON ACCREDITATION OF COUNSELING AND RELATED EDUCATIONAL PROGRAMMING. 4112358 93878 1550802 21016609 1 1 0 0 0 0 0 1 0 1 1 0 0 0 1 1 1 0 1 1 1 0 1 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 1 0 0 1 0 0 0 1 0 0 0 0 1 164 0 1 679 1 1 1 1 MX 0 0 0 0 0 0 0 0 0 0 X 15 13 0 0 1 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 AZ X ANDREA JAECKEL 9283504006 220 GROVE AVENUE PRESCOTT AZ 86301 JOHN FLICKER PRESIDENT/CEO 40.00 X 199763 0 2000 STEPHANIE KRUSEMARK CHIEF ENROLLMENT OFFICER 40.00 X 104510 0 6796 PAUL BURKHARDT PROVOST 40.00 X 136171 0 9238 ANDREA JAECKEL CFO 40.00 X 113818 0 32536 HEATHER DIEVENDORFF TRUSTEE 40.00 X 37513 0 24793 JULIE MUNRO SECRETARY 40.00 X X 54829 0 23338 JAMES P WALSH CHAIRMAN 1.00 X X 0 0 0 ED JOHNSON VICE CHAIR 1.00 X X 0 0 0 ANNE DORMAN TREASURER 1.00 X X 0 0 0 CORAL EVANS TRUSTEE 1.00 X 0 0 0 CRISTINA EISENBERG TRUSTEE 1.00 X 0 0 0 GEOFFREY BARNARD TRUSTEE 1.00 X 0 0 0 KATRINA ROGERS TRUSTEE 1.00 X 0 0 0 LYNNE NENETH TRUSTEE 1.00 X 0 0 0 MERRILEE CALDWELL TRUSTEE 1.00 X 0 0 0 ROXANN GALLAGHER TRUSTEE 1.00 X 0 0 0 SAM CAMPANA TRUSTEE 1.00 X 0 0 0 NICHOLAS PANLIBUTON TRUSTEE 1.00 X 0 0 0 ALEXIS VIGIL TRUSTEE 1.00 X 0 0 0 JESSE HERNREICH TRUSTEE 1.00 X 0 0 0 MARK THORKELSON TRUSTEE 1.00 X 0 0 0 MICHAEL ZIMBER TRUSTEE 1.00 X 0 0 0 646604 0 98701 4 0 1 0 ELLUCIAN COMPANY LP 2003 EDMUND HALLEY DR RESTON VA 20191 TECHNOLOGY HELP SUPPORT 159857 IT OUTLET INC 701 E 52ND ST SIOUX FALLS SD 57104 HARDWARE/SOFTWARE 116757 2 24000 925666 4161568 2940156 5111234 TUITION & STUDENT FEES 611310 19162669 19162669 TECHNOLOGY 611310 255875 255875 STUDENT SERVICE FEES 611310 199300 199300 SUSTAINABILITY 611310 111250 111250 LIBRARY REVENUES 611310 650 650 19729744 24827 24827 1005308 62162 943146 943146 868597 74549 2669169 2667768 24906 1401 -24906 -23505 -23505 205596 79500 126096 115780 7365 2951 INSURANCE REFUND 900099 282050 282050 282050 26193592 20714121 7365 360872 7080627 7080627 93878 93878 648942 542823 91340 14779 9384696 7836797 1336288 211611 53613 45437 6860 1316 681062 577206 87143 16713 855670 725188 109484 20998 128359 128359 30681 30681 14682 14682 410678 321838 84840 4000 572192 560407 10510 1275 136695 120673 5566 10456 473357 45399 427958 1512851 1006645 31871 474335 264525 256641 7884 301573 191216 21143 89214 629568 393086 50238 186244 EQUIP REPAIRS & MAINT 349490 229384 120106 COURSEWARE COSTS 290343 292681 -2338 BAD DEBT EXPENSE 262366 262366 DUES & SUBSCRIPTIONS 245434 244678 756 759574 452005 275328 32241 25180856 21016609 3103403 1060844 3415333 1786345 1474631 4152269 0 185854 492856 2007971 15203 23062 439975 491578 28369370 8777179 17271011 19592191 2619971 578020 714452 19899 18264 26326899 28971986 1311566 1591775 1478376 1143929 8665483 8360699 30120 28587 0 1963600 364766 529527 11850311 13618117 X 11287264 12229935 3189324 3123934 14476588 15353869 26326899 28971986 X 1012736 83406 -218861 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X 1 2200891 12354 80806 50423 2243628 2101911 9070 160560 70650 2200891 2985954 13713 164242 158336 3005573 2963639 14720 233313 225718 2985954 3138961 13659 188981 2963639 0.41430 0.58570 1 0 98115 3400726 3498841 21057670 6288210 14769460 328756 261694 67062 643110 594884 48226 2840993 1632391 1208602 19592191 INTEREST RATE SWAP 529527 529527 X 19240951 83406 141662 225068 19015883 14682 7163027 7177709 26193592 18227209 141662 141662 18085547 14682 7080627 7095309 25180856 PART V, LINE 4: ENDOWMENT FUNDS ARE PRIMARILY ESTABLISHED FOR SCHOLARSHIPS. PART X, LINE 2: THE COLLEGE QUALIFIES AS A TAX-EXEMPT ORGANIZATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE ("IRC") AND, ACCORDINGLY, THERE IS NO PROVISION FOR INCOME TAXES IN THE ACCOMPANYING FINANCIAL STATEMENTS. THE COLLEGE EVALUATES THEIR UNCERTAIN TAX POSITIONS, IF ANY, ON A CONTINUAL BASIS THROUGH REVIEW OF THEIR POLICIES AND PROCEDURES, REVIEW OF THEIR REGULAR TAX FILINGS, AND DISCUSSIONS WITH OUTSIDE EXPERTS. THE COLLEGE BELIEVES THAT THEY HAVE APPROPRIATE SUPPORT FOR ANY TAX POSITIONS TAKEN, AND AS SUCH, DO NOT HAVE ANY UNCERTAIN TAX POSITIONS THAT ARE MATERIAL TO THE CONSOLIDATED FINANCIAL STATEMENTS. THE COLLEGE'S FEDERAL RETURNS OF ORGANIZATIONS EXEMPT FROM INCOME TAX (FORM 990) FOR FISCAL 2017, 2018 AND 2019 ARE SUBJECT TO EXAMINATION BY THE IRS, GENERALLY FOR THE THREE YEARS AFTER THEY WERE FILED. PART XI, LINE 2D - OTHER ADJUSTMENTS: DIRECT RENTAL COSTS 62,162. COSTS OF GOODS SOLD 79,500. PART XI, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS & DISCOUNTS 7,080,627. ENDOWMENT CONTRIBUTIONS 12,354. ENDOWMENT INVESTMENT INCOME 80,806. INVESTMENT GAINS & LOSSES 14,146. LOSS ON DISPOSAL OF PROPERTY & EQUIPMENT -79,006. IMPAIRMENT ON LAND 54,100. PART XII, LINE 2D - OTHER ADJUSTMENTS: DIRECT RENTAL COSTS 62,162. COSTS OF GOODS SOLD 79,500. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS & DISCOUNTS 7,080,627. SCHEDULE D, PART V, LINE 1A ESCROW BEGINNING BALANCE WAS ADJUSTED TO MATCH THE AUDITED FINANCIAL STATEMENTS. 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 COLLEGE POLICIES MANUALS AND CATALOGS STATE NON-DISCRIMINATION POLICY 1 NORTH AMERICA 2 21 PROGRAM SERVICES PROVIDE EDUCATIONAL PROGRAMS FOR SCHOOL STUDENTS 447757 SUB-SAHARAN AFRICA - ANGOLA, BENIN, BOTSWANA, BURKINA FASO, 1 1 PROGRAM SERVICES PROVIDE EDUCATIONAL PROGRAMS FOR SCHOOL STUDENTS 43439 SOUTH AMERICA 0 1 PROGRAM SERVICES PROVIDE EDUCATIONAL PROGRAMS FOR SCHOOL STUDENTS 3250 EUROPE (INCLUDING ICELAND & GREENLAND) 0 1 PROGRAM SERVICES PROVIDE EDUCATIONAL PROGRAMS FOR SCHOOL STUDENTS 31223 3 24 0 0 3 24 525669 0 525669 SCHOLARSHIP SCHOLARSHIPS & GRANTS 2 21357 SCHOLARSHIP SCHOLARSHIPS & GRANTS 1 8000 SCHOLARSHIP SCHOLARSHIPS & GRANTS 1 64521 0 0 0 0 0 0 PART I, LINE 2: THE BUSINESS OFFICE AT PRESCOTT COLLEGE MAINTAINS ALL GRANT FINANCIALS, AND IF NECESSARY, DRAWS DOWN THE MONEY FROM THE GRANTING AGENCY. PART III ACCOUNTING METHOD: 1 SCHOLARSHIPS, GRANTS & DISCOUNTS 715 7080627 PART I, LINE 2: THE BUSINESS OFFICE AT PRESCOTT COLLEGE MAINTAINS ALL GRANT FINANCIALS, AND IF NECESSARY, DRAWS DOWN THE MONEY FROM THE GRANTING AGENCY. X X X X 0 0 0 0 0 0 0 0 0 JOHN FLICKER PRESIDENT/CEO 199763 0 0 0 0 0 2000 0 0 0 201763 0 0 0 A IDA OF COUNTY OF YAVAPAI 866093423 2013-09-20 10400000 REFUND PRIOR DEBT 0 0 0 A 10400000 10400000 2013 1 0 1 1 A 0 0 0 0 0 0 1 A 0 0 1 0 1 1 COMPASS BANK 10.000000000000 0 0 0 0 1 A 1 PART I(C) NO CUSIP WAS ASSIGNED TO THE BONDS BECAUSE THEY WERE ISSUED VIA PRIVATE PLACEMENT. ROXANN GALLAGHER TRUSTEE 43358 LEGAL SERVICES PROVIDED BY FIRM EMPLOYING TRUSTEE 0 X 5 15156 FMV X 1 2925000 FMV 0 0 1 PART I, LINE 32B: THE COLLEGE RETAINED A REAL ESTATE AGENT TO ASSIST IN THE SALE OF REAL PROPERTY. FORM 990, PART VI, SECTION A, LINE 4 THE MEMBERS OF THE COLLEGE WERE CHANGED TO ONLY ELECTED TRUSTEES. BOARD DUTIES WERE MODIFIED TO BETTER REFLECT WHAT THE BOARD ACTUALLY DOES. COMMITTEES ARE REFINED WITH RESPECT TO VOTING AND NON-VOTING MEMBERSHIPS AND DUTIES ARE INTENDED TO MORE ACCURATELY REFLECT PRACTICE. FORM 990, PART VI, SECTION A, LINE 6 THE MEMBERS OF THE CORPORATION SHALL BE THE TRUSTEES ELECTED TO THE BOARD. FORM 990, PART VI, SECTION A, LINE 7A THE CORPORATION WILL HAVE MEMBERS. MEMBERS WILL HAVE THE FOLLOWING RESPONSIBILITIES: TO FURTHER THE MISSION OF PRESCOTT COLLEGE, ELECT MEMBERS OF THE BOARD OF TRUSTEES FROM THOSE PERSONS NOMINATED BY THE BOARD OF TRUSTEES, TO ADVISE THE BOARD OF TRUSTEES IN MATTERS OF CONCERN TO THE CORPORATION, TO VOTE ON ANY CHANGES IN THE BYLAWS OR MISSION STATEMENT OF THE COLLEGE. FORM 990, PART VI, SECTION A, LINE 7B MEMBERS WILL HAVE THE FOLLOWING RESPONSIBILITIES: TO FURTHER THE MISSION OF PRESCOTT COLLEGE, ELECT MEMBERS OF THE BOARD OF TRUSTEES FROM THOSE PERSONS NOMINATED BY THE BOARD OF TRUSTEES, TO ADVISE THE BOARD OF TRUSTEES IN MATTERS OF CONCERN TO THE CORPORATION, TO VOTE ON ANY CHANGES IN THE BYLAWS OR MISSION STATEMENT OF THE COLLEGE. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 IS REVIEWED BY THE COLLEGE ADMINISTRATION AND THE BOARD OF TRUSTEES PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C A TRUSTEE SHALL BE CONSIDERED TO HAVE A CONFLICT OF INTEREST IF (A) SUCH TRUSTEE HAS EXISTING OR POTENTIAL FINANCIAL OR OTHER INTERESTS THAT IMPAIR OR MIGHT REASONABLY APPEAR TO IMPAIR SUCH MEMBER'S INDEPENDENT, UNBIASED JUDGMENT IN THE DISCHARGE OF HIS/HER RESPONSIBILITIES TO THE COLLEGE, OR (B) SUCH TRUSTEE IS AWARE THAT A MEMBER OF HIS/HER FAMILY (WHICH FOR PURPOSES OF THIS PARAGRAPH SHALL BE A SPOUSE, PARENT, SIBLINGS, CHILDREN, AND ANY OTHER RELATIVE IF THE LATTER RESIDES IN THE SAME HOUSEHOLD AS THE TRUSTEE), OR ANY ORGANIZATION IN WHICH SUCH TRUSTEE ( OR MEMBER OF HIS FAMILY) IS AN OFFICER, DIRECTOR, EMPLOYEE, MEMBER, PARTNER, TRUSTEE, OR CONTROLLING STOCKHOLDER HAS SUCH EXISTING OR POTENTIAL FINANCIAL OR OTHER INTERESTS. ALL TRUSTEES SHALL DISCLOSE TO THE BOARD ANY POSSIBLE CONFLICT OF INTEREST AT THE EARLIEST PRACTICABLE TIME. NO TRUSTEE SHALL VOTE ON ANY MATTER, UNDER CONSIDERATION AT A BOARD OR COMMITTEE MEETING, IN WHICH SUCH TRUSTEE HAS A CONFLICT OF INTEREST. THE MINUTES OF SUCH MEETING SHALL REFLECT THAT A DISCLOSURE WAS MADE AND THAT THE TRUSTEE HAVING A CONFLICT OF INTEREST ABSTAINED FROM VOTING. ANY TRUSTEE WHO IS UNCERTAIN WHETHER S/HE HAS A CONFLICT OF INTEREST IN ANY MATTER MAY REQUEST THE BOARD OR COMMITTEE TO DETERMINE WHETHER A CONFLICT OF INTEREST EXISTS, AND THE BOARD OR COMMITTEE SHALL RESOLVE THE QUESTION BY MAJORITY VOTE. FORM 990, PART VI, SECTION B, LINE 15 TOP MANAGEMENT AND DIRECTORS AS WELL AS OTHER POSITIONS IN THE COLLEGE ARE DETERMINED BASED ON COMPARABILITY OF DATA FROM LIKE INSTITUTIONS, LIKE POSITIONS AND THE LOCAL ECONOMY. STATUS WITHIN PRESCOTT COLLEGE IS ALSO A FACTOR SO THAT ONE JOB IS NOT OUT OF ALIGNMENT COMPARED TO OTHER LIKE RESPONSIBILITY" JOBS IN OTHER DEPARTMENTS. REVIEW PERFORMED MAY 18, 2018. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS VIA PRESCOTT COLLEGE WEBSITE, CONFLICT OF INTEREST POLICY AND AUDITED FINANCIAL STATEMENTS UPON REQUEST. FORM 990, PART XI, LINE 9: IMPAIRMENT ON LAND -54,100. CHANGE IN FAIR VALUE OF INTEREST RATE SWAP -164,761. PRESCOTT COLLEGE DEVELOPMENT COMPANY LLC 220 GROVE AVE PRESCOTT AZ 86301 NO ACTIVITY AZ 0 0 PRESCOTT COLLEGE ACQUISITION COMPANY LLC 220 GROVE AVE PRESCOTT AZ 86301 NO ACTIVITY AZ 0 0