2020-04-14T10:04:00-05:00 2019-05-31 560574444 CHERRY BEKAERT LLP 401 EAST JACKSON ST SUITE 1200 TAMPA FL 33602 990 2018-06-01 590637903 RINGLING COLLEGE OF ART AND DESIGN INC RING 9413515100 2700 NORTH TAMIAMI TRAIL SARASOTA FL 34234 LARRY R THOMPSON PRESIDENT 9413597514 2020-04-14 1 AMANDA ADAMS P00748038 8132511010 75.138.101.114 2020-04-14 09:19:35 ED P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 7F6CCF0CB4081015FD8E7383A60227A55661592A 2018 2020-09-23 17:36:50Z LARRY R THOMPSON 2700 NORTH TAMIAMI TRAIL SARASOTA FL 34234 111551735 0 X WWW.RINGLING.EDU X 1931 FL RINGLING COLLEGE OF ART AND DESIGN IS A SMALL, PRIVATE COLLEGE OFFERING PROGRAMS LEADING TO DEGREES THAT PREPARE STUDENTS TO BE DISCERNING VISUAL THINKERS AND ETHICAL PRACTITIONERS IN THEIR CHOSEN AREA OF ART AND DESIGN. RINGLING'S CURRICULUM BALANCES THE TEACHING OF TECHNICAL KNOWLEDGE AND SKILLS WITH THE DEVELOPMENT OF CRITICAL, CONCEPTUAL, AND CREATIVE ABILITIES AND SUPPORTS COURSES THAT PROVIDE HISTORICAL, MULTICULTURAL, GLOBAL, AND FUTURE PERSPECTIVES. IN ADDITION TO ITS DEGREE PROGRAM, RINGLING COLLEGE OFFERS COURSES, LECTURES, EXHIBITIONS, AND OTHER ART-RELATED SERVICES TO THE LOCAL AND REGIONAL COMMUNITY THROUGH ITS GALLERY, LIBRARY, CONTINUING EDUCATION, AND COMMUNITY SERVICE PROGRAMS. 40 38 1039 395 -94226 -95076 18408214 16874251 77944559 86470558 1501790 2642265 -132687 -216284 97721876 105770790 15982572 18117856 0 0 31778080 34513549 140609 81656 2812532 35817459 38190212 83718720 90903273 14003156 14867517 325120576 333137303 157006106 151253041 168114470 181884262 X SEE SCHEDULE O 0 0 66300263 17764679 70775527 TUITION AND FEES: RINGLING COLLEGE OF ART AND DESIGN PROVIDES INSTRUCTION IN VISUAL ARTS EDUCATION TO OVER 1,400 STUDENTS IN FULLY ACCREDITED FOUR-YEAR DEGREE PROGRAMS LEADING TO BFA AND BA DEGREES. 11650280 274564 13757045 AUXILIARY: RINGLING COLLEGE OF ART AND DESIGN OPERATES VARIOUS AUXILIARY ENTERPRISES INCLUDING DINING SERVICES, HOUSING, AND BOOKSTORE SERVICES IN SUPPORT OF A RESIDENTIAL COMMUNITY WHICH SUPPORTS STUDENT DEVELOPMENT AND FOR THE CONVENIENCE OF ITS STUDENTS, FACULTY AND STAFF. 2995532 78613 1937986 COMMUNITY OUTREACH: RINGLING COLLEGE OF ART AND DESIGN PROVIDES VISUAL AND LIBERAL ARTS INSTRUCTION FOR THE COMMUNITY THROUGH VARIOUS PROGRAMS ON A NON-CREDIT BASIS. 80946075 1 1 0 1 0 0 0 1 1 1 1 0 0 0 1 1 1 0 1 0 1 0 1 1 1 0 0 1 1 1 1 0 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0 0 0 0 1 2319 0 1 1039 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 40 38 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 FL X MONICA WAID 9413597514 2700 N TAMIAMI TRAIL SARASOTA FL 34234 JEAN MARTIN CHAIR 1.00 X X 0 0 0 GEORGE MILES VICE CHAIR 1.00 X X 0 0 0 MICHAEL KLEIN TREASURER 1.00 X X 0 0 0 ROSEMARY OBERNDORF SECRETARY 1.00 X X 0 0 0 RAVINDRANATH AKHOURY TRUSTEE 1.00 X 0 0 0 ALI M BAHAJ TRUSTEE 1.00 X 0 0 0 ROBERT BARTNER TRUSTEE 1.00 X 0 0 0 RICHARD BASCH TRUSTEE 1.00 X 0 0 0 ALEX BEAVERS JR TRUSTEE 1.00 X 0 0 0 ELAINE CROUSE TRUSTEE 1.00 X 0 0 0 MAURICE CUNNIFFE TRUSTEE 1.00 X 0 0 0 ARIANE DART TRUSTEE 1.00 X 0 0 0 LINDA DICKINSON TRUSTEE 1.00 X 0 0 0 DEAN EISNER TRUSTEE 1.00 X 0 0 0 JAMES ERICSON TRUSTEE 1.00 X 0 0 0 HERMAN FRANKEL TRUSTEE 1.00 X 0 0 0 LARRY GARBERDING TRUSTEE 1.00 X 0 0 0 TERI HANSEN TRUSTEE 1.00 X 0 0 0 STEVE HUTCHINSON TRUSTEE 1.00 X 0 0 0 WILLIAM ISAAC TRUSTEE 1.00 X 0 0 0 EDWARD H JENNINGS TRUSTEE 1.00 X 0 0 0 CHERYL LOEFFLER TRUSTEE 1.00 X 0 0 0 FLORA MAJOR TRUSTEE 1.00 X 0 0 0 RUSSELL MANK TRUSTEE 1.00 X 0 0 0 NANCY MARKLE TRUSTEE 1.00 X 0 0 0 FRANK MARTUCCI TRUSTEE 1.00 X 0 0 0 MARY ANN MEYER TRUSTEE 1.00 X 0 0 0 JONATHAN MITCHELL TRUSTEE 1.00 X 0 0 0 JOEL MORGANROTH TRUSTEE 1.00 X 0 0 0 KARL NEWKIRK TRUSTEE 1.00 X 0 0 0 ISABEL NORTON TRUSTEE 1.00 X 0 0 0 BRANDON OLDENBURG TRUSTEE 1.00 X 0 0 0 SUSAN PALMER TRUSTEE 1.00 X 0 0 0 CAROL PHILLIPS TRUSTEE 1.00 X 0 0 0 SAMUEL SAMELSON TRUSTEE 1.00 X 0 0 0 JANET B SCHMIDT TRUSTEE 1.00 X 0 0 0 WILLIE M STANFIELD TRUSTEE 1.00 X 0 0 0 STEVEN B STEIN TRUSTEE 1.00 X 0 0 0 DALE STROHL TRUSTEE 1.00 X 0 0 0 PETER WEILL TRUSTEE 1.00 X 55080 0 0 DR LARRY R THOMPSON PRESIDENT 40.00 X 669114 0 44644 DR TRACY A WAGNER VP FOR FINANCE & ADMINISTRATION 40.00 X 225702 0 32855 CHRISTINE C DEGEORGE VP FOR HUMAN & ORGANIZATIONAL DEV. 40.00 X 211485 0 27903 DR PETER A MCALLISTER VP FOR ACADEMIC AFFAIRS 40.00 X 193573 0 21653 DAVID H JACKSON ASSOCIATE VP FOR ACADEMIC AFFAIRS 40.00 X 162732 0 15882 DR MAHMOUD PEGAH DIRECTOR OF INSTITUTIONAL TECHNOLOGY 40.00 X 210699 0 20427 STACEY CORLEY VP FOR ADVANCEMENT 40.00 X 197842 0 27843 DR TAMMY WALSH VP FOR STUDENT LIFE/DEAN OF STUDENTS 40.00 X 174931 0 18889 JEFFREY SCHWARTZ ASSOCIATE VP FOR ACADEMIC AFFAIRS 40.00 X 152010 0 26357 2253168 0 236453 38 0 1 0 WILLIS A SMITH CONSTRUCTION 5001 LAKEWOOD RANCH BLVD N SARASOTA FL 34240 CONSTRUCTION SERVICES 23450447 TOM WESSEL CONSTRUCTION CORP 2639 FRUITVILLE RD 303 SARASOTA FL 34240 CONSTRUCTION SERVICES 3318766 CHARTWELLS DINING SERVICES 2400 YORKMONT RD CHARLOTTE NC 28217 DINING SERVICES 2595960 CUSTODIAL MAINTENANCE INC 6222 TOWER LANE STE A-7 SARASOTA FL 34240 CUSTODIAL SERVICES 1321194 AYERSSAINTGROSS INCORPORATED 1040 HULL ST STE 100 BALTIMORE MD 21230 DESIGN SERVICES 1001259 21 14605 482651 399911 15977084 1230914 16874251 TUITION & FEES 900099 70775527 70775527 AUXILIARY SERVICES 900099 13757045 13757045 COMMUNITY OUTREACH 900099 1937986 1937986 86470558 2098807 2098807 48504 2881 45623 45623 45623 5549232 4561721 444053 987511 -444053 543458 543458 408277 482651 709298 -301021 -94226 -206795 4655 7557 -2902 -2902 97451 55435 42016 42016 105770790 86470558 -94226 2520207 109361 109361 17988762 17988762 19733 19733 1474325 1474325 25293582 22274694 1695391 1323497 841322 737728 52889 50705 5029679 4213105 623924 192650 1874641 1594209 189252 91180 85987 85987 102420 102420 38400 38400 81656 81656 102402 102402 8988739 8178769 282552 527418 1046275 746325 178574 121376 2548253 1730765 691890 125598 1511578 1324984 123047 63547 4131797 3886866 195053 49878 886127 821563 28379 36185 450327 322364 83016 44947 4510114 3941819 568295 12566947 11934760 532608 99579 633136 621456 8742 2938 STUDENT RELATED EXPENSE 406854 406854 180856 91958 87520 1378 90903273 80946075 7144666 2812532 64717960 28049741 15283738 16787168 127773 228804 2024245 2485005 337360427 112092133 183069302 225268294 53319461 52191773 16210 14733 6561887 8111785 325120576 333137303 16447179 14047388 1110929 1319260 125645858 122839293 726995 435830 6500000 6157895 6575145 6453375 157006106 151253041 X 96886559 109456223 44586058 43483549 26641853 28944490 168114470 181884262 325120576 333137303 X 14867517 -1001338 -96387 X 0 1 X 1 1 1 X 16832493 11987621 15048698 18408214 16874251 79151277 16832493 11987621 15048698 18408214 16874251 79151277 7475568 71675709 1856891 1631081 1306309 1730708 2147311 8672300 87823577 354005529 0.81610 0.82700 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 0 0 1 43979 43979 0 PART II-B, LINE 1: THE COLLEGE IS A MEMBER OF AN ASSOCIATION OF INDEPENDENT COLLEGES WHOSE LOBBYING ACTIVITIES ARE RELATED TO THE CONTINUATION OF FLORIDA EFFECTIVE ACCESS TO STUDENT EDUCATION WHICH BENEFITS FLORIDA STUDENTS AT PRIVATE COLLEGES. THE COLLEGE ALSO RETAINS A CONSULTING FIRM FOR REPRESENTATION AS NEEDED BEFORE THE FLORIDA LEGISLATURE, EXECUTIVE BRANCH, AND ANY OTHER LOCAL GOVERNMENT AGENCIES. 1041300 6065308 X X 1 0 1 X 53129338 2332285 1030381 1680775 290925 54520304 47488859 4587185 2909744 1606450 250000 53129338 42091138 2038759 4626200 1101881 165357 47488859 45846003 553041 -2707933 1380175 219798 42091138 43107326 2785934 1305293 1136125 216425 45846003 0.37460 0.53090 0.09450 1 0 2260000 42209587 44469587 168284067 72174199 96109868 866449 371605 494844 88773742 38073561 50700181 34966582 1472768 33493814 225268294 ANNUITY PAYABLE 1112130 STUDENT DEPOSITS 617545 CAPITAL LEASE OBLIGATION 4723700 6453375 X 88254102 -1001338 239707 -17871879 -18633510 106887612 102402 -1219224 -1116822 105770790 74484310 239707 444053 775171 1458931 73025379 102402 17775492 17877894 90903273 PART III, LINE 1A: THE COLLEGE'S POLICY IS TO CAPITALIZE DONATED WORKS OF ART AT FAIR VALUE AND PURCHASED WORKS OF ART AT COST IF NOT PRESERVED AND HELD FOR PUBLIC EXHIBITION OR IF INTENDED TO BE SOLD WITHOUT PROCEEDS USED FOR PURCHASES OF WORKS OF ART. OF THE $8,111,785 AND $6,561,887 PRESENTED IN OTHER NON-CURRENT ASSETS ON THE STATEMENTS OF FINANCIAL POSITION, $6,065,308 AND $5,028,058 AS OF MAY 31, 2019 AND 2018, RESPECTIVELY, ARE DONATED WORKS OF ART WHICH ARE BEING HELD WITH THE INTENT OF RESALE AND DO NOT MEET THE DEFINITION OF A COLLECTION. THE COLLEGE'S COLLECTIONS INCLUDE WORKS OF ART THAT ARE MAINTAINED IN THE COLLEGE'S GALLERIES AND LIBRARY AND LOANED TO ON-CAMPUS DEPARTMENTS AND LOCAL ENTITIES. THESE COLLECTIONS ARE PROTECTED AND PRESERVED FOR PUBLIC EXHIBITION, EDUCATION AND RESEARCH. EACH OF THE ITEMS IS CATALOGED, PRESERVED AND CARED FOR, AND ACTIVITIES VERIFYING THEIR EXISTENCE AND ASSESSING THEIR CONDITION ARE PERFORMED PERIODICALLY. THE COLLECTIONS, WHICH WERE ACQUIRED THROUGH PURCHASES AND CONTRIBUTIONS SINCE THE COLLEGE'S INCEPTION, ARE NOT RECOGNIZED AS ASSETS IN THE STATEMENTS OF FINANCIAL POSITION. PURCHASES OF COLLECTION ITEMS ARE RECORDED AS DECREASES IN NET ASSETS WITHOUT DONOR RESTRICTIONS IN THE YEAR IN WHICH THE ITEMS ARE ACQUIRED OR IN NET ASSETS WITH DONOR RESTRICTIONS IF THE ASSETS USED TO PURCHASE THE ITEMS ARE RESTRICTED BY DONORS. PART III, LINE 4: THE COLLEGE'S COLLECTIONS INCLUDE PAINTINGS, PRINTS AND SCULPTURE REFLECTING A MYRIAD OF ARTISTIC STYLES DONATED BY INDIVIDUALS TO THE COLLEGE FOR SELECTIVE PUBLIC DISPLAY. THE COLLECTION SERVES AS AN IMPORTANT CULTURAL RESOURCE FOR OUR STUDENTS, FACULTY, STAFF AND COMMUNITY SERVING TO EDUCATE AND INSPIRE. THE COLLEGE'S COLLECTIONS INCLUDE WORKS OF ART THAT ARE MAINTAINED IN THE COLLEGE'S GALLERIES AND LIBRARY AND LOANED TO ON-CAMPUS DEPARTMENTS AND LOCAL ENTITIES. THESE COLLECTIONS ARE PROTECTED AND PRESERVED AND CARED FOR, AND ACTIVITIES VERIFYING THEIR EXISTENCE AND ASSESSING THEIR CONDITION ARE PERFORMED PERIODICALLY. PART IV, LINE 2B: FUNDS HELD IN CUSTODY FOR OTHERS PRIMARILY RELATES TO STUDENT ORGANIZATIONS. PART V, LINE 4: ENDOWMENT FUNDS ARE USED TO SUPPORT STUDENT SCHOLARSHIPS, ACADEMIC PROGRAMS AND INSTITUTIONAL SUPPORT. PART X, LINE 2: A RULING FROM THE U.S. TREASURY DEPARTMENT, DATED MAY 19, 1938, STATES THAT RINGLING SCHOOL OF ART AND DESIGN IS EXEMPT FROM FEDERAL INCOME TAX UNDER THE PROVISIONS OF 101(6) OF THE REVENUE ACT OF 1936, WHICH IS NOW 501(C)(3) OF THE 1986 CODE. HOWEVER, THE COLLEGE'S UNRELATED BUSINESS INCOME IS SUBJECT TO INCOME TAX AT CORPORATE RATES. THE COLLEGE'S POLICY IS TO RECORD A LIABILITY FOR ANY BENEFICIAL TAX POSITION, EXCLUDING ANY RELATED INTEREST AND PENALTIES, WHEN IT IS MORE LIKELY THAN NOT THE POSITION TAKEN BY MANAGEMENT WITH RESPECT TO A TRANSACTION OR CLASS OF TRANSACTIONS WILL BE OVERTURNED BY A TAXING AUTHORITY UPON EXAMINATION. MANAGEMENT BELIEVES THERE ARE NO SUCH POSITIONS AS OF MAY 31, 2019 AND MAY 31, 2018 AND, ACCORDINGLY, NO LIABILITY HAS BEEN ACCRUED. PART XI, LINE 2D - OTHER ADJUSTMENTS: SCHOLARSHIP ALLOWANCE SHOWN NET OF REVENUE ON FINANCIALS -17,422,315. AUXILIARY ALLOWANCE (SCHOLARSHIPS) -274,564. CSSP & ART CENTER (SCHOLARSHIPS) -78,613. CHANGE IN VALUE OF GIFTED ARTWORK -2,900. CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS -93,487. PART XI, LINE 4B - OTHER ADJUSTMENTS: RENTAL EXPENSES -2,881. FUNDRAISING EVENT EXPENSES -709,298. GAMING ACTIVITIES EXPENSES -7,557. COST OF GOODS SOLD -55,435. LOSS ON EQUIPMENT -444,053. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES 2,881. FUNDRAISING EVENT EXPENSES 709,298. GAMING ACTIVITIES EXPENSES 7,557. COST OF GOODS SOLD 55,435. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIP ALLOWANCE SHOWN NET OF REVENUE ON FINANCIALS 17,422,315. AUXILIARY ALLOWANCE (SCHOLARSHIPS) 274,564. CSSP & ART CENTER (SCHOLARSHIPS) 78,613. 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 POLICY IS PUBLISHED ON THE COLLEGE'S WEBSITE FOR PROSPECTIVE STUDENT APPLICANTS. SCHEDULE E, PART I, LINE 6 FINANCIAL AID OR ASSISTANCE FROM A GOVERNMENTAL AGENCY IS DISTRIBUTED TO STUDENTS USING FEDERALLY APPROVED FINANCIAL NEED ANALYSIS CRITERIA. 1 CENTRAL AMERICA AND THE CARIBBEAN 0 0 PROGRAM SERVICES RECRUITING 3966 CENTRAL AMERICA AND THE CARIBBEAN 0 0 PROGRAM SERVICES STUDY ABROAD 331 EAST ASIA AND THE PACIFIC 0 0 PROGRAM SERVICES RECRUITING 89996 EAST ASIA AND THE PACIFIC 0 0 PROGRAM SERVICES SEMINARS & CONFERENCES 353 EUROPE (INCLUDING ICELAND AND GREENLAND) 0 0 FUNDRAISING 267580 EUROPE (INCLUDING ICELAND AND GREENLAND) 0 0 PROGRAM SERVICES GRANTMAKING 7763 EUROPE (INCLUDING ICELAND AND GREENLAND) 0 0 PROGRAM SERVICES RECRUITING 24965 EUROPE (INCLUDING ICELAND AND GREENLAND) 0 0 PROGRAM SERVICES RESEARCH 2500 EUROPE (INCLUDING ICELAND AND GREENLAND) 0 0 PROGRAM SERVICES SEMINARS & CONFERENCES 5302 EUROPE (INCLUDING ICELAND AND GREENLAND) 0 0 PROGRAM SERVICES STUDY ABROAD 502 EUROPE (INCLUDING ICELAND AND GREENLAND) 0 0 GRANTS TO RECIPIENTS LOCATED IN REGION 10425 MIDDLE EAST AND NORTH AFRICA 0 0 PROGRAM SERVICES RECRUITING 1217 NORTH AMERICA 0 0 PROGRAM SERVICES SEMINARS & CONFERENCES 20561 RUSSIA AND NEIGHBORING STATES 0 0 PROGRAM SERVICES RECRUITING 656 SOUTH AMERICA 0 0 PROGRAM SERVICES GRANTMAKING 1545 SOUTH AMERICA 0 0 PROGRAM SERVICES RECRUITING 8858 SOUTH ASIA 0 0 PROGRAM SERVICES RECRUITING 9873 0 0 0 0 0 0 397454 58939 456393 STUDY ABROAD TUITION EUROPE 1 10425 CHECK PASS-THROUGH GRANT EUROPE 3 7763 CHECK PASS-THROUGH GRANT SOUTH AMERICA 1 1545 CHECK 0 0 0 0 0 0 PART I, LINE 2: THE ORGANIZATION FACILITATES FUNDING OF STUDENT PROJECTS RELATED TO THE INSTITUTIONAL MISSION, WHICH MAY OCCUR IN A FOREIGN COUNTRY. ALL EXPENSES ARE SUBSTANTIATED UNDER AN ACCOUNTABLE PLAN TO ENSURE APPROPRIATE USE OF FUNDS. PART I, LINE 3: EXPENDITURES ARE RECORDED ON AN ACCRUAL BASIS. X X X X X X X 1 KAREN EBER DAVIS CONSULTING 2707 GREENDALE DRIVE 101 SARASOTA FL 34232 GRANT WRITER 0 5000 0 5000 BENTZ WHALEY FLESSNER 7251 OHMS LANE MINNEAPOLIS MN 55439 STRATEGIC FUNDRAISING CONSULTANT 0 0 32105 -32105 C-SQUARED ENTERPRISES LLC 7795 HOLIDAY DRIVE NORTH SARASOTA FL 34231 STRATEGIC FUNDRAISING CONSULTANT 0 0 48078 -48078 5000 80183 -75183 FL AVANT GARDE 462157 308842 153315 15614 93180 50 153938 ART TOUR 175433 175433 238845 30814 3 253338 173809 79529 16990 95705 64162 890928 482651 408277 32604 188885 238895 248914 709298 -301021 1 AMERICAN JEWISH COMMITTEE 1605 MAIN STREET SUITE 612 SARASOTA FL 34236 135563393 501(C)(3) 10000 GENERAL SUPPORT PINC CONFERENCES LLC 238 S LINKS AVE SARASOTA FL 34236 465617978 40875 SUPPORT LOCAL CONFERENCE SHOWCASING INNOVATIVE SPEAKERS JETSON'S CREATIVE TREND 2741 NO OSPREY AVENUE SARASOTA FL 34234 592726466 12810 SUPPORT RENOVATIONS FOR HISTORY AND ART GALLERY FOR NEWTOWN COMMUNITY ECONOMIC DEVELOPMENT CORPORATION 1680 FRUITVILLE ROAD SUITE 402 SARASOTA FL 34236 201133191 501(C)(6) 8330 SUPPORT ORGANIZATION THAT WORKS WITH SARASOTA COUNTY TO STRENGTHEN THE COMMUNITY CAREERSOURCE SUNCOAST 1112 MANATEE AVE EAST BRADENTON FL 34208 592334811 501(C)(3) 9212 GENERAL SUPPORT 2 3 SCHOLARSHIPS & GRANTS 1440 17892899 CSSP & ART CENTER SCHOLARSHIPS 82 78613 STUDENT AWARDS 24 17250 PART I, LINE 2: DISBURSEMENTS TO STUDENTS RECEIVING FINANCIAL AID ARE MADE IN ACCORDANCE WITH INSTITUTIONAL PROCEDURES TO ENSURE THAT THOSE RECEIVING AID ARE QUALIFYING RECIPIENTS. FEDERAL FINANCIAL AID AND/OR ASSISTANCE FROM GOVERNMENTAL AGENCIES IS DISTRIBUTED AND MONITORED IN ACCORDANCE WITH FEDERALLY APPROVED NEED ANALYSIS CRITERIA OR OTHER AGENCY PROVIDED CRITERIA. IN ADDITION TO STUDENT FINANCIAL AID, THE COLLEGE ALSO PROVIDES ASSISTANCE TO ORGANIZATIONS IN SUPPORT OF COMMUNITY GOALS THAT ALIGN WITH THE MISSION OF THE COLLEGE. AS THE COLLEGE IS SELECTIVE IN WHICH ORGANIZATIONS IT SUPPORTS, MONITORING OF THE FUNDS IS NOT A PART OF THE AWARD PROCESS AFTER FUNDING HAS TAKEN PLACE. X X X X X 0 1 X X X X 0 1 0 0 0 0 0 1 0 DR LARRY R THOMPSON PRESIDENT 370896 0 65000 0 233218 0 13750 0 31370 0 714234 0 104156 0 DR TRACY A WAGNER VP FOR FINANCE & ADMINISTRATION 187294 0 0 0 38408 0 15400 0 18277 0 259379 0 0 0 CHRISTINE C DEGEORGE VP FOR HUMAN & ORGANIZATIONAL DEV. 190837 0 0 0 20648 0 10271 0 18454 0 240210 0 0 0 DR PETER A MCALLISTER VP FOR ACADEMIC AFFAIRS 182626 0 0 0 10947 0 9793 0 12679 0 216045 0 0 0 DAVID H JACKSON ASSOCIATE VP FOR ACADEMIC AFFAIRS 152987 0 0 0 9745 0 8052 0 8574 0 179358 0 0 0 DR MAHMOUD PEGAH DIRECTOR OF INSTITUTIONAL TECHNOLOGY 187953 0 0 0 22746 0 10529 0 10720 0 231948 0 0 0 STACEY CORLEY VP FOR ADVANCEMENT 170436 0 0 0 27406 0 9897 0 18767 0 226506 0 0 0 DR TAMMY WALSH VP FOR STUDENT LIFE/DEAN OF STUDENTS 166932 0 0 0 7999 0 1687 0 17962 0 194580 0 0 0 JEFFREY SCHWARTZ ASSOCIATE VP FOR ACADEMIC AFFAIRS 143409 0 0 0 8601 0 8413 0 18689 0 179112 0 0 0 PART I, LINE 1A DR. LARRY R. THOMPSON, PRESIDENT, RECEIVES A TAXABLE HOUSING ALLOWANCE AND GROSS-UP PAYMENT WHICH IS REPORTED AS REPORTABLE COMPENSATION ON FORM 990, PAGE 7, PART VII, SECTION A, COLUMN D AND SCHEDULE J, PAGE 2, PART II, COLUMN B(III). THE ORGANIZATION PAYS COUNTRY CLUB AND SOCIAL CLUB DUES ON BEHALF OF DR. LARRY R. THOMPSON, PRESIDENT. PERSONAL USE IS NOT REIMBURSED, BUT THE PAYMENT FOR COUNTRY CLUB AND SOCIAL CLUB DUES IS TAXABLE TO THE EMPLOYEE AND IS REPORTED AS REPORTABLE COMPENSATION ON FORM 990, PAGE 7, PART VII, SECTION A, COLUMN D AND SCHEDULE J, PAGE 2, PART II, COLUMN B(III). THE ORGANIZATION PROVIDED A GROSS-UP PAYMENT TO LARRY R. THOMPSON, PRESIDENT, FOR THE TAXES ON THE PORTION OF COUNTRY CLUB AND SOCIAL CLUB DUES ATTRIBUTABLE TO BUSINESS USE. THE ORGANIZATION PAID FOR TAXABLE PHYSICIAN SERVICES ON BEHALF OF DR. LARRY R. THOMPSON, PRESIDENT, WHICH IS REPORTED AS REPORTABLE COMPENSATION ON FORM 990, PAGE 7, PART VII, SECTION A, COLUMN D AND SCHEDULE J, PAGE 2, PART II, COLUMN B(III). THE ORGANIZATION PAYS YACHT CLUB DUES ON BEHALF OF STACEY CORLEY, VICE PRESIDENT FOR ADVANCEMENT. PERSONAL USE IS NOT REIMBURSED, BUT THE PAYMENT FOR YACHT CLUB DUES IS TAXABLE TO THE EMPLOYEE AND IS REPORTED AS REPORTABLE COMPENSATION ON FORM 990, PAGE 7, PART VII, SECTION A, COLUMN D AND SCHEDULE J, PAGE 2, PART II, COLUMN B(III). THE ORGANIZATION PROVIDED A GROSS-UP PAYMENT TO STACEY CORLEY, VICE PRESIDENT FOR ADVANCEMENT FOR THE TAXES ON THE PORTION OF YACHT CLUB DUES ATTRIBUTABLE TO BUSINESS USE. THE COLLEGE ALSO PAYS FOR CERTAIN TRAVEL EXPENSES FOR DR. THOMPSON'S SPOUSE WHEN IT SERVES THE NEEDS OF THE COLLEGE TO HAVE HIS SPOUSE PRESENT FOR VARIOUS COLLEGE FUNCTIONS. THIS IS TREATED AS NONTAXABLE SINCE HER ATTENDANCE IS REQUIRED FOR CERTAIN DONOR EVENTS. THESE ITEMS GO THROUGH BOARD APPROVAL TO ENSURE THAT A BUSINESS PURPOSE EXISTS. PART I, LINE 1B THE BOARD OF TRUSTEES EXECUTIVE COMMITTEE DETERMINED THAT THE COLLEGE WOULD PROVIDE THE HOUSING ALLOWANCE, GROSS-UP PAYMENTS, SOCIAL CLUB DUES, AND PHYSICIAN SERVICES FOR THE PRESIDENT (DESCRIBED ABOVE) AND THOSE BENEFITS ARE INCLUDED IN THE PRESIDENT'S APPOINTMENT LETTER FROM THE BOARD OF TRUSTEES. THE BOARD OF TRUSTEES EXECUTIVE COMMITTEE DETERMINED THAT THE PRESIDENT COULD AUTHORIZE THE COLLEGE TO PROVIDE THE YACHT CLUB DUES FOR STACEY CORLEY, VICE PRESIDENT FOR ADVANCEMENT, AND THOSE BENEFITS ARE INCLUDED IN HER LETTER OF APPOINTMENT. THE BOARD OF TRUSTEES EXECUTIVE COMMITTEE DETERMINED THAT PRESIDENT, DR. LARRY R. THOMPSON COULD AUTHORIZE THE COLLEGE TO PROVIDE A GROSS-UP PAYMENT TO STACEY CORLEY, VICE PRESIDENT FOR ADVANCEMENT FOR THE TAXES ON THE PORTION OF YACHT CLUB DUES ATTRIBUTABLE TO BUSINESS USE. PART I, LINE 4B THE BOARD OF TRUSTEES ESTABLISHED A SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN DESCRIBED IN SECTION 457(F) OF THE IRS CODE FOR DR. LARRY R. THOMPSON, PRESIDENT, EFFECTIVE JUNE 1, 2012 WITH AN INITIAL VESTING AND DISTRIBUTION DATE OF MAY 31, 2015 AND A SUBSEQUENT VESTING DATE OF MAY 31, 2018. THE PLAN BALANCE AS OF MAY 31, 2018 WAS $104,156, WHICH CONSISTED OF CONTRIBUTIONS EARNED OVER THREE YEARS OF SERVICE (JUNE 1, 2015 THROUGH MAY 31, 2018) ALREADY REPORTED AS DEFERRED COMPENSATION IN PRIOR FORMS 990 AND CREDITED TO DR. THOMPSON ON MAY 31, 2018. THIS AMOUNT WAS REPORTED AS REPORTABLE COMPENSATION ON FORM 990, PAGE 7, PART VII, SECTION A, COLUMN D AND SCHEDULE J, PAGE 2, PART II, COLUMN B(III) AND COLUMN F. THE PLAN TERMINATED ON MAY 31, 2018. PART I, LINE 7 BASED ON THE PERFORMANCE OF THE INSTITUTION, THE BOARD OF TRUSTEES DETERMINED THAT DR. LARRY R. THOMPSON, PRESIDENT WOULD RECEIVE A BONUS OF $65,000. THE BOARD OF TRUSTEES DETERMINES ANNUALLY WHETHER A BONUS IS TO BE PAID AND THE AMOUNT. A HIGHER EDUCATION FACILITIES FINANCING AUTHORITY 900058227 34073TKB2 2017-11-01 99656259 REFUND SERIES 2010; FUND 2017 PROJECT (LIBRARY, ETC.) 0 0 0 B HIGHER EDUCATION FACILITIES FINANCING AUTHORITY 900058227 000000000 2019-05-31 13370000 CURRENTLY REFUND SERIES 2009 ISSUE 0 0 0 C HIGHER EDUCATION FACILITIES FINANCING AUTHORITY 900058227 000000000 2019-05-31 12045000 CURRENTLY REFUND SERIES 2014 ISSUE 0 0 0 A 100428109 1446748 886215 35911435 43500000 18683711 1 0 0 1 B 13370000 13370000 2006 1 0 1 1 C 12045000 12045000 2009 1 0 1 1 A 0 0 1 1 0 0.01400 0.00000 0.01400 0 0 1 B 0 0 1 1 0 0.01900 0.00000 0.01900 0 0 1 C 0 0 1 1 0 0.04500 0.00000 0.04500 0 0 1 A 0 1 0 0 0 0 0 0 1 B 0 0 1 0 1 0 0 0 1 C 0 0 1 0 1 0 0 0 1 A 1 B 1 C 1 PART I, LINE B, ITEM E DATE ISSUED: ORIGINALLY ISSUED ON 12/01/2009; REISSUED FOR FEDERAL TAX PURPOSES ON 5/31/2019 PART I, LINE C, ITEM E DATE ISSUED: ORIGINALLY ISSUED ON 06/04/2014; REISSUED FOR FEDERAL TAX PURPOSES ON 5/31/2019 PART II, LINE 3, COLUMN A INCLUDES INVESTMENT EARNINGS PART II, LINE 11, COLUMNS A & B & C PROCEEDS WERE SPENT TO CURRENTLY REFUND REFUNDED BONDS OR OTHER DEBT 10000 SCHOLARSHIP MERIT X 3 1041300 FMV/APPRAISAL X 29860 FMV/APPRAISAL X 2259 FMV X 10 156231 FMV X ART SUPPLIES 4 1264 FMV 3 0 0 1 PART I, LINE 32B: THIRD PARTY AUCTION COMPANIES ARE HIRED TO LIQUIDATE ARTWORK DONATIONS. FORM 990, PART III, LINE 1 RINGLING COLLEGE OF ART AND DESIGN, INC'S PRIMARY MISSION IS TO PROVIDE PROGRAMS LEADING TO DEGREES THAT PREPARE STUDENTS TO BE DISCERNING VISUAL THINKERS AND ETHICAL PRACTITIONERS IN THEIR CHOSEN AREA OF ART AND DESIGN. RINGLING COLLEGE OF ART AND DESIGN STRIVES TO ENROLL BOTH FULL- AND PART-TIME STUDENTS FROM DIVERSE BACKGROUNDS WHO INTEND TO BECOME PROFESSIONALS IN THE VISUAL ARTS. THROUGH ITS POLICIES AND PRACTICES, THE COLLEGE SUPPORTS EXCELLENCE IN TEACHING AND FOSTERS THE AESTHETIC, INTELLECTUAL, PROFESSIONAL, PERSONAL, AND SOCIAL DEVELOPMENT OF ITS STUDENTS. ACADEMIC PROGRAMS AND ADVISING, CAREER SERVICES, AND AN EXTENSIVE CO-CURRICULAR STUDENT LIFE PROGRAM PREPARE STUDENTS FOR AN ART OR DESIGN PROFESSION, OR WHEN APPROPRIATE, FOR CONTINUED STUDIES ON THE GRADUATE LEVEL. IN ADDITION TO ITS DEGREE PROGRAM, RINGLING COLLEGE OFFERS COURSES, LECTURES, EXHIBITIONS AND OTHER ART-RELATED SERVICES TO THE LOCAL AND REGIONAL COMMUNITY THROUGH ITS GALLERY, LIBRARY, CONTINUING EDUCATION, AND COMMUNITY SERVICE PROGRAMS. FORM 990, PART VI, SECTION B, LINE 11B THE AUDIT COMMITTEE REVIEWS THE DRAFT REPORT WITH THE INDEPENDENT AUDIT FIRM AND COLLEGE STAFF PRIOR TO THE PUBLIC DISCLOSURE COPY BEING PROVIDED TO THE BOARD OF TRUSTEES. THIS MAINTAINS THE DONORS' REQUESTS TO REMAIN ANONYMOUS. FORM 990, PART VI, SECTION B, LINE 12C IN THE EVENT OF A POTENTIAL CONFLICT, THE TRUSTEE IN QUESTION WILL RECUSE THEMSELVES FROM ANY DISCUSSION OR VOTE. THE COLLEGE ANNUALLY PROVIDES A CONFLICT OF INTEREST POLICY AND FORM TO ALL TRUSTEES AND KEY EMPLOYEES TO DISCLOSE ALL CONFLICTS OF INTEREST. THESE RESPONSES ARE REVIEWED TO DETERMINE IF THERE ARE ANY POTENTIAL ISSUES OR ITEMS FOR DISCLOSURE. FORM 990, PART VI, SECTION B, LINE 15 THE PRESIDENT IS EVALUATED ANNUALLY BY THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES. THE COMPENSATION COMMITTEE, A SUB-COMMITTEE OF THE EXECUTIVE COMMITTEE, IS RESPONSIBLE FOR THE ANNUAL EVALUATION AND FOR RECOMMENDATIONS CONCERNING COMPENSATION, PERSONNEL ACTIONS AND OTHER EMPLOYMENT ISSUES RELATED TO THE APPOINTMENT OF THE PRESIDENT. THE COMPENSATION COMMITTEE CONDUCTS AN ANNUAL PERFORMANCE APPRAISAL, COLLECTS AND EVALUATES COMPARATIVE SALARY DATA FROM THE ASSOCIATION OF INDEPENDENT COLLEGES OF ART AND DESIGN (AICAD) AND 990 DATA, AND PROVIDES A RECOMMENDATION FOR THE PRESIDENT'S ANNUAL COMPENSATION TO THE EXECUTIVE COMMITTEE. THE PROCESS REQUIRES THE MEMBERS OF THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES AND/OR THE FULL BOARD OF TRUSTEES TO COMPLETE PERFORMANCE ASSESSMENT FORMS. THE COMPENSATION COMMITTEE REVIEWS THE ASSESSMENT AND PREPARES A RECOMMENDATION FOR THE EXECUTIVE COMMITTEE. THE EXECUTIVE COMMITTEE REVIEWS THE DELIBERATIONS WITH THE BOARD OF TRUSTEES. THE PRESIDENT EVALUATES AND DETERMINES THE COMPENSATION OF EACH SENIOR OFFICER USING AICAD DATA. THE PRESIDENT REVIEWS THE COMPARATIVE DATA FOR EACH OF THE SENIOR OFFICERS WITH THE COMPENSATION COMMITTEE. THE VICE PRESIDENT FOR FINANCE AND ADMINISTRATION, THE VICE PRESIDENT FOR ACADEMIC AFFAIRS, THE VICE PRESIDENT FOR HUMAN AND ORGANIZATIONAL DEVELOPMENT, THE VICE PRESIDENT FOR ADVANCEMENT, AND THE VICE PRESIDENT FOR STUDENT LIFE ARE SENIOR OFFICERS. EACH SENIOR OFFICER COMPLETES AN ANNUAL REPORT FOR THE PRESIDENT'S REVIEW. THE COLLEGE EVALUATES THE EFFECTIVENESS OF STAFF THROUGH THE PERFORMANCE EVALUATION PROCESS. DOCUMENTATION INCLUDES NOTES TAKEN AT THE COMPENSATION COMMITTEE MEETINGS OF DATA REVIEW AND DELIBERATIONS. ANNUAL ASSESSMENT DOCUMENTS FOR THE PRESIDENT ARE ALSO MAINTAINED. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS -93,487. CHANGE IN VALUE OF GIFTED ARTWORK -2,900.