2019-06-21T14:37:55-05:00 2018-12-31 454084437 WARREN AVERETT LLC SIX CONCOURSE PARKWAY SUITE 600 ATLANTA GA 30328 990 2018-01-01 580684740 GEORGIA INDEPENDENT COLLEGE ASSOCIATION INC GEOR 4042335433 600 WEST PEACHTREE ST NW NO 1710 ATLANTA GA 30308 SUSANNA BAXTER PRESIDENT 4042335433 2019-06-20 1 M SUSAN HILL P00846200 7703961100 2019-06-20 209.136.244.2 2019-06-20 17:11:35 ED P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 2997BEA62C86A65C65E5C318DE2E7E37921ACB51 2018 2019-02-21 02:37:17Z SUSANNA BAXTER 600 WEST PEACHTREE ST NW NO 1710 ATLANTA GA 30308 4233429 0 X WWW.GEORGIACOLLEGES.ORG X 1956 GA TO RAISE AWARENESS OF GEORGIA'S PRIVATE, LIBERAL ARTS COLLEGES AND UNIVERSITIES; TO INFLUENCE PUBLIC POLICY IN SUPPORT OF HIGHER EDUCATION IN GEORGIA; TO SECURE FUNDS AND OTHER GIFTS FOR THE BENEFIT OF THE MEMBER INSTITUTIONS AND THEIR STUDENTS; TO PROMOTE THE MEMBER INSTITUTIONS AS DISTINCT ALTERNATIVES IN HIGHER EDUCATION. 34 34 7 37 0 4854 1231104 1301681 139566 141629 1128663 1135342 29723 272 2529056 2578924 639304 664647 0 0 815092 708186 0 0 17788 438595 467291 1892991 1840124 636065 738800 15023497 13933968 71165 67856 14952332 13866112 X GEORGIA INDEPENDENT COLLEGE ASSOCIATION, INC ("GICA") SUPPORTS PRIVATE HIGHER EDUCATION IN GEORGIA IN THE AREAS OF PUBLIC POLICY, INCREASED PUBLIC AWARENESS, FUND RAISING FOR STUDENT FINANCIAL AID, AND COLLABORATIVE PROJECTS, IN PARTNERSHIP WITH INSTITUTIONS, BUSINESS AND COMMUNITY LEADERS. 0 0 1535274 664647 40017 GRANTS AND ALLOCATIONS: IN ACCORDANCE WITH THE EXECUTIVE COMMITTEE APPROVED DISTRIBUTION OF FUNDS POLICY OF GICA, ALL UNDESIGNATED FUNDS ARE DISTRIBUTED 60 PERCENT EQUALLY TO THE MEMBER COLLEGES AND 40 PERCENT TO SUCH COLLEGES IN PROPORTION TO TOTAL REGULAR, FULL-TIME UNDERGRADUATE ENROLLMENT IN THE COLLEGES OF ARTS AND SCIENCES. DESIGNATED FUNDS ARE DISTRIBUTED TO THE COLLEGES SPECIFIED BY THE DONOR. 83942 101612 COMPLIANCE COLLABORATIVE PROGRAM - THE COMPLIANCE COLLABORATIVE PROGRAM ("CCP") IS A COLLABORATION OF 14 GICA MEMBER INSTITUTIONS TO ASSIST PARTICIPANTS BY PROVIDING TRAINING AND GUIDANCE REGARDING VARIOUS COMPLIANCE-RELATED ISSUES UNDER THE GUIDANCE OF THE COMPLIANCE PROGRAM DIRECTOR. THE IMMEDIATE AREAS OF FOCUS INCLUDE THE AMERICANS WITH DISABILITIES ACT, TITLE IX, THE CLERY ACT, AND THE VIOLENCE AGAINST WOMEN ACT. HOWEVER, THE EXACT TOPICS WILL SHIFT IN ANY GIVEN YEAR WITH THE NEEDS OF THE PARTICIPATING INSTITUTIONS. DURING 2018, THE CCP OFFERED 4 DIFFERENT POLICY REVIEWS/DISCUSSIONS FOR ALL PARTICIPATING INSTITUTIONS. IN ADDITION, 99 EMPLOYEES FROM THE 14 INSTITUTIONS PARTICIPATED IN 6 DIFFERENT TOPIC TRAININGS. FINALLY, TWO WEBINARS WERE DISTRIBUTED TO THE 14 INSTITUTIONS FOR THEIR USE TO MEET ONGOING TRAINING NEEDS AMONG THEIR STAFF AND FACULTY MEMBERS. 1619216 1 1 0 1 0 0 0 0 0 1 1 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 15 0 7 1 0 0 0 0 0 0 0 0 0 0 0 0 X 34 34 0 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 GA X SUSANNA BAXTER 4042335433 600 WEST PEACHTREE STREET NW SUITE ATLANTA GA 30308 JAMES MELLICHAMP TRUSTEE 1.00 X 0 0 0 ROBERT MYERS TRUSTEE 1.00 X 0 0 0 KEITH H SHURBUTT TREASURER 1.00 X 0 0 0 JIMMY FLEMING TRUSTEE 1.00 X 0 0 0 STEPHEN R BRIGGS TRUSTEE 1.00 X 0 0 0 LINDA R BUCHANAN TRUSTEE 1.00 X 0 0 0 MARY SCHMIDT CAMPBELL TRUSTEE 1.00 X 0 0 0 EMIR CANER TRUSTEE 1.00 X 0 0 0 DEAN C COLLINS TRUSTEE 1.00 X 0 0 0 DONALD DOWLESS TRUSTEE 1.00 X 0 0 0 STEVEN ECHOLS TRUSTEE 1.00 X 0 0 0 J DEREK HALVORSON TRUSTEE 1.00 X 0 0 0 CHARLES CHARLIE HARMAN CHAIR 1.00 X 0 0 0 SETH HARP TRUSTEE 1.00 X 0 0 0 RONALD E JOHNSON TRUSTEE (1/1 - 12/7) 1.00 X 0 0 0 NANCY JUNEAU TRUSTEE 1.00 X 0 0 0 ELIZABETH KISS TRUSTEE (1/1 - 6/30) 1.00 X 0 0 0 KINA S MALLARD TRUSTEE 1.00 X 0 0 0 RUTH MARSTON TRUSTEE (1/1 - 10/24) 1.00 X 0 0 0 DAN MCALEXANDER VICE CHAIR 1.00 X 0 0 0 MICHAEL MEYER VON BREMEN TRUSTEE 1.00 X 0 0 0 LAWRENCE M SCHALL TRUSTEE 1.00 X 0 0 0 ED L SCHRADER TRUSTEE 1.00 X 0 0 0 WILLIAM D UNDERWOOD TRUSTEE 1.00 X 0 0 0 RONALD G WHITE TRUSTEE 1.00 X 0 0 0 SCOTT WOLLE TRUSTEE (1/1 - 10/24) 1.00 X 0 0 0 ANDY SHEPPARD TRUSTEE 1.00 X 0 0 0 VIVIA FOWLER TRUSTEE 1.00 X 0 0 0 JENNIFER HOBBS TRUSTEE 1.00 X 0 0 0 ROB SCOTT TRUSTEE 1.00 X 0 0 0 DREW VAN HORN TRUSTEE 1.00 X 0 0 0 DAVID THOMAS TRUSTEE 1.00 X 0 0 0 HOWARD MOSBY TRUSTEE (10/25 - 12/31) 1.00 X 0 0 0 JOHN COLEMAN TRUSTEE (10/25 - 12/31) 1.00 X 0 0 0 LEOCADIA ZAK TRUSTEE (7/1 - 12/31) 1.00 X 0 0 0 LUCILLE MAUGE TRUSTEE (12/8 - 12/31) 1.00 X 0 0 0 MARGARET KAISER TRUSTEE (10/25 - 12/31) 1.00 X 0 0 0 SUSANNA L BAXTER PRESIDENT 40.00 X 234280 0 40306 234280 0 40306 1 0 1 0 0 821621 207389 272671 1301681 COMPLIANCE COLLABORATIVE ASSESSME 611710 101612 101612 MEETING FEES 611710 24668 24668 GEORGIA TRACS 611710 15349 15349 141629 822186 822186 1967661 1654505 313156 313156 313156 OTHER INCOME 611710 272 272 272 2578924 141901 0 1135342 664647 664647 274586 216923 43934 13729 312041 260480 51561 42095 34804 7291 44391 36761 7630 35073 28604 6123 346 23352 23118 234 46634 46634 21440 21440 6989 6519 446 24 19145 7458 11110 577 13461 8395 2759 2307 45178 37648 7112 418 37319 34386 2851 82 95117 89765 5352 4976 4080 846 50 8348 2482 5866 SPECIAL PROJECTS 98001 98001 PUBLIC AND LEGISLATIVE 22016 22016 GEORGIA TRANSFER ARTICU 15349 15349 DUES AND SUBSCRIPTIONS 7079 3964 3094 21 2887 300 2587 1840124 1619216 203120 17788 531093 634084 21546 24301 17574 11433 79841 71385 11239 8456 13602037 12512241 840008 743453 15023497 13933968 23073 28079 48092 39777 71165 67856 X 2050185 2019886 9623517 8664151 3278630 3182075 14952332 13866112 15023497 13933968 X 738800 -1728465 -96555 X X 0 1 X 1 0 X X 24 AGNES SCOTT COLLEGE 580566116 2 1 43181 0 ANDREW COLLEGE 580568687 2 1 4424 0 BERRY COLLEGE 580566133 2 1 65035 0 BRENAU UNIVERSITY 580566143 2 1 51464 0 BREWTON-PARKER COLLEGE 580619030 2 1 2537 0 CLARK ATLANTA UNIVERSITY 581825259 2 1 3929 0 COVENANT COLLEGE 430719506 2 1 2814 0 EMMANUEL COLLEGE 580633977 2 1 4707 0 EMORY UNIVERSITY 580566256 2 0 6509 0 LAGRANGE COLLEGE 580566199 2 1 46040 0 LIFE UNIVERSITY 581216007 2 0 2600 0 MERCER UNIVERSITY 580566167 2 1 204527 0 MOREHOUSE COLLEGE 580566205 2 1 2488 0 OGLETHORPE UNIVERSITY 585068698 2 1 49526 0 PIEDMONT COLLEGE 580043198 2 1 51683 0 POINT UNIVERSITY 586044761 2 1 3024 0 REINHARDT UNIVERSITY 580603153 2 1 2977 0 SHORTER UNIVERSITY 582624570 2 1 55777 0 SPELMAN COLLEGE 580566243 2 1 3415 0 THOMAS UNIVERSITY 580644897 2 1 2576 0 TOCCOA FALLS COLLEGE 580685908 2 1 2712 0 TRUETT MCCONNELL UNIVERSITY 580531392 2 1 2681 0 WESLEYAN COLLEGE 580593438 2 1 45608 0 YOUNG HARRIS COLLEGE 580593414 2 1 4413 0 24 664647 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 755330 0 755330 0 8554 0 60294 0 168611 0 517871 0 12973203 0 506635 0 0 0 13479838 0 0 0 0 13479838 0 202198 0 13277640 0 464717 0 0 0 464717 0 517871 440190 464717 464717 0 464717 664647 811717 149609 2193 0 0 1628166 464717 464717 100.000000000000 464717 0 0 0 1454574 1473621 1665127 4593322 0 464717 0 4128605 1628166 0 1628166 0 0 5756771 0 989857 1473621 1665127 1628166 PART IV, SECTION A, LINE 1: THE ARTICLE OF INCORPORATION INDICATE THAT MEMBERSHIP OF THE ASSOCIATION MAY BE EXTENDED TO INDEPENDENT COLLEGES AND UNIVERSITIES THAT MEET THE FOLLOWING CRITERIA: - MEMBERS MUST BE TWO- OR FOUR-YEAR LIBERAL ARTS COLLEGES, GRANTING ASSOCIATE AND/OR BACCALAUREATE DEGREES, AND OFFERING MAJORS IN AT LEAST TEN TRADITIONAL FIELDS OF THE ARTS AND SCIENCES. - MEMBERS MUST BE GRADUATE-ONLY AND ACCREDITED BY THE SOUTHERN ASSOCIATION OF COLLEGES AND SCHOOLS. - MEMBER INSTITUTIONS MUST BE INDEPENDENT, NON PROFIT COLLEGES AND UNIVERSITIES HEADQUARTERED IN GEORGIA, AND MUST NOT RECEIVE SUBSTANTIAL OPERATING FUNDS FROM PUBLIC SOURCES. PART IV, SECTION D, LINE 3: THE MAJORITY OF THE BOARD OF TRUSTESS OF GEORGIA INDEPENDENT COLLEGE ASSOCIATION, INC. IS COMPRISED OF THE PRESIDENT OF EACH MEMBER INSTITUTION. AS THE MAJORITY OF THE BOARD IS MADE UP OF OFFICERS OF THE MEMBER ORGANIZATIONS, THE SUPPORTED ORGANIZATIONS MAINTAIN A SIGNIFICANT VOICE IN THE SUPPORTING ORGANIZATION. PART V, SECTION D, LINE 6: THROUGHOUT THE YEAR, THE ORGANIZATION MAKES GRANTS TO NON-MEMBER INSTITUTIONS. PART V, SECTION D, LINE 8: PRESIDENTS OF THE INDIVIDUAL MEMBER ORGANIZATIONS COMPRISE THE MAJORITY OF THE BOARD OF TRUSTEES WHICH MEETS BI-ANNUALLY. ADDITIONALLY, THE PRESIDENTS ALSO COMPRISE A MAJORITY OF VARIOUS COMMITTEES THAT MEET MORE OFTEN. THE BOARD AND VARIOUS COMMITTEES WORK TO ENSURE THE SUPPORTING ORGANIZATION'S CONTINUED GROWTH. IN TURN, THE SUPPORTING ORGANIZATION DISTRIBUTES AMOUNTS TO SUPPORTED MEMBER ORGANIZATIONS IN ORDER TO SUPPORT VARIOUS SCHOLARSHIPS AND PROGRAMS OF THE MEMBER INSTITUTIONS. THESE SCHOLARSHIPS AND PROGRAMS ARE VITAL IN ATTRACTING THE BEST STUDENTS POSSIBLE AND CONTINUING THE GROWTH OF THE MEMBER INSTITUTIONS. PART IV, SECTION A, LINE 6: THROUGHOUT THE YEAR, THE ORGANIZATION MAKES GRANTS TO NON-MEMBER INSTITUTIONS. 49520 26441 75961 1764163 1840124 242006 60502 0 0 239461 241480 233136 242006 956083 1434125 74441 74834 165784 75961 391020 59865 60370 58284 60502 239021 358532 43835 48549 40101 49520 182005 13602037 -628999 439357 21440 12512241 12344368 1759948 441985 60294 13602037 11397490 2903 1471126 458973 68178 12344368 12582365 26827 -695555 448287 67860 11397490 12141079 19778 926982 436661 68813 12582365 0.11530 0.19490 0.68980 0 0 65934 57478 8456 13907 13907 0 8456 BENEFICIAL INTEREST IN PERPETUAL TRUST 743453 743453 DUE TO MEMBERS 39777 39777 748964 -1728465 16500 -96555 -1808520 2557484 21440 21440 2578924 1835184 16500 16500 1818684 21440 21440 1840124 PART V, LINE 4: GICA'S ENDOWMENT CONSISTS OF 16 DONOR-RESTRICTED FUNDS ESTABLISHED FOR THE BENEFIT OF THE MEMBER INSTITUTIONS OF GICA IN ACCORDANCE WITH STIPULATIONS OF THE VARIOUS DONORS. IN ADDITION, GICA HAS ONE BOARD DESIGNATED ENDOWMENT. GICA'S POLICY REQUIRES THAT 4.25% OF THE ENDOWMENT'S ROLLING 12 QUARTER AVERAGE MARKET VALUE WILL BE DETERMINED AND DISTRIBUTED SEMI-ANNUALLY TO SUPPORT THE APPROPRIATE MEMBER INSTITUTIONS AND TO PAY THE FEES AND EXPENSES ASSOCIATED WITH THE FUND. PART XI, LINE 2D - OTHER ADJUSTMENTS: LOSS IN BENEFICIAL INTEREST IN PERPETUAL TRUST -96,555. 1 AGNES SCOTT COLLEGE 141 E COLLEGE AVENUE DECATUR GA 30030 580566116 501(C)(3) 43181 TO PROVIDE SUPPORT FOR PRIVATE COLLEGES AND UNIVERSITIES IN GEORGIA. ANDREW COLLEGE 501 COLLEGE STREET CUTHBERT GA 39840 580568687 501(C)(3) 4424 TO PROVIDE SUPPORT FOR PRIVATE COLLEGES AND UNIVERSITIES IN GEORGIA. BERRY COLLEGE 2277 MARTHA BERRY HWY NW MOUNT BERRY GA 301490039 580566133 501(C)(3) 65035 TO PROVIDE SUPPORT FOR PRIVATE COLLEGES AND UNIVERSITIES IN GEORGIA. BRENAU UNIVERSITY 500 WASHINGTON STREET SE GAINESVILLE GA 30501 580566143 501(C)(3) 51464 TO PROVIDE SUPPORT FOR PRIVATE COLLEGES AND UNIVERSITIES IN GEORGIA. BREWTON-PARKER COLLEGE 201 DAVID-ELIZA FOUNDATION CIRCLE MT VERNON GA 304450197 580619030 501(C)(3) 2537 TO PROVIDE SUPPORT FOR PRIVATE COLLEGES AND UNIVERSITIES IN GEORGIA. CLARK ATLANTA UNIVERSITY 223 JAMES P BRAWLEY DRIVE SW ATLANTA GA 303144389 581825259 501(C)(3) 3929 TO PROVIDE SUPPORT FOR PRIVATE COLLEGES AND UNIVERSITIES IN GEORGIA. COVENANT COLLEGE 14049 SCENIC HIGHWAY LOOKOUT MOUNTAIN GA 30750 430719506 501(C)(3) 2814 TO PROVIDE SUPPORT FOR PRIVATE COLLEGES AND UNIVERSITIES IN GEORGIA. EMMANUEL COLLEGE 181 SPRINGS STREET FRANKLIN SPRINGS GA 30639 580633977 501(C)(3) 4707 TO PROVIDE SUPPORT FOR PRIVATE COLLEGES AND UNIVERSITIES IN GEORGIA. EMORY UNIVERSITY 201 DOWMAN DRIVE ATLANTA GA 30322 580566256 501(C)(3) 6509 TO PROVIDE SUPPORT FOR PRIVATE COLLEGES AND UNIVERSITIES IN GEORGIA. LAGRANGE COLLEGE 601 BROAD STREET LAGRANGE GA 30240 580566199 501(C)(3) 46040 TO PROVIDE SUPPORT FOR PRIVATE COLLEGES AND UNIVERSITIES IN GEORGIA. LIFE UNIVERSITY 1269 BARCLAY CIRCLE MARIETTA GA 30060 581216007 501(C)(3) 2600 TO PROVIDE SUPPORT FOR PRIVATE COLLEGES AND UNIVERSITIES IN GEORGIA. MERCER UNIVERSITY 1501 MERCER UNIVERSITY DRIVE MACON GA 31207 580566167 501(C)(3) 204527 TO PROVIDE SUPPORT FOR PRIVATE COLLEGES AND UNIVERSITIES IN GEORGIA. MOREHOUSE COLLEGE 830 WESTVIEW DRIVE SW ATLANTA GA 30314 580566205 501(C)(3) 2488 TO PROVIDE SUPPORT FOR PRIVATE COLLEGES AND UNIVERSITIES IN GEORGIA. OGLETHORPE UNIVERSITY 4484 PEACHTREE ROAD NE ATLANTA GA 30319 585068698 501(C)(3) 49526 TO PROVIDE SUPPORT FOR PRIVATE COLLEGES AND UNIVERSITIES IN GEORGIA. PIEDMONT COLLEGE 165 CENTRAL AVENUE DEMOREST GA 30535 580043198 501(C)(3) 51683 TO PROVIDE SUPPORT FOR PRIVATE COLLEGES AND UNIVERSITIES IN GEORGIA. POINT UNIVERSITY 2605 BEN HILL ROAD EAST POINT GA 30344 586044761 501(C)(3) 3024 TO PROVIDE SUPPORT FOR PRIVATE COLLEGES AND UNIVERSITIES IN GEORGIA. REINHARDT UNIVERSITY 7300 REINHARDT CIRCLE WALESKA GA 301832981 580603153 501(C)(3) 2977 TO PROVIDE SUPPORT FOR PRIVATE COLLEGES AND UNIVERSITIES IN GEORGIA. SHORTER UNIVERSITY 315 SHORTER AVENUE ROME GA 30165 582624570 501(C)(3) 55777 TO PROVIDE SUPPORT FOR PRIVATE COLLEGES AND UNIVERSITIES IN GEORGIA. SPELMAN COLLEGE 350 SPELMAN LANE SW ATLANTA GA 303144399 580566243 501(C)(3) 3415 TO PROVIDE SUPPORT FOR PRIVATE COLLEGES AND UNIVERSITIES IN GEORGIA. THOMAS UNIVERSITY 1501 MILLPOND ROAD THOMASVILLE GA 31792 580644897 501(C)(3) 2576 TO PROVIDE SUPPORT FOR PRIVATE COLLEGES AND UNIVERSITIES IN GEORGIA. TOCCOA FALLS COLLEGE PO BOX 800777 TOCCOA FALLS GA 30598 580685908 501(C)(3) 2712 TO PROVIDE SUPPORT FOR PRIVATE COLLEGES AND UNIVERSITIES IN GEORGIA. TRUETT MCCONNELL UNIVERSITY 100 ALUMNI DRIVE CLEVELAND GA 30528 580531392 501(C)(3) 2681 TO PROVIDE SUPPORT FOR PRIVATE COLLEGES AND UNIVERSITIES IN GEORGIA. WESLEYAN COLLEGE 4760 FORSYTH ROAD MACON GA 31210 580593438 501(C)(3) 45608 TO PROVIDE SUPPORT FOR PRIVATE COLLEGES AND UNIVERSITIES IN GEORGIA. YOUNG HARRIS COLLEGE 1 COLLEGE STREET YOUNG HARRIS GA 30582 580593414 501(C)(3) 4413 TO PROVIDE SUPPORT FOR PRIVATE COLLEGES AND UNIVERSITIES IN GEORGIA. 24 0 PART I, LINE 2: IN ACCORDANCE WITH THE ARTICLES OF INCORPORATION OF GICA, ALL UNDESIGNATED FUNDS ARE DISTRIBUTED 60% EQUALLY TO THE MEMBER COLLEGES AND 40% TO SUCH MEMBER COLLEGES IN PROPORTION TO THE TOTAL FULL-TIME UNDERGRADUATE ENROLLMENT IN THE COLLEGES OF ARTS AND SCIENCES. DESIGNATED FUNDS ARE DISTRIBUTED TO MEMBER COLLEGES AND OTHER INSTITUTIONS AS SPECIFIED BY THE DONORS. 1 X X 0 0 0 0 0 0 0 0 0 SUSANNA L BAXTER PRESIDENT 229800 0 4480 0 0 0 18500 0 21806 0 274586 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 MEMBERS ARE ASSESSED DUES IN ACCORDANCE WITH THE ASSOCIATION'S MEMBER DUES POLICY WHICH STATES ALL MEMBERS ARE ASSESSED DUES TO SUPPORT THE ANNUAL OPERATING BUDGET. THE ASSOCIATION HAD 24 MEMBER COLLEGES AND UNIVERSITIES AT JUNE 30, 2017 AT WHICH POINT ONE INSTITUITION WITHDREW MEMBERSHIP. FORM 990, PART VI, SECTION A, LINE 7A THE EXECUTIVE COMMITTEE ELECTS BOTH MEMBER INSTITUTION AND CORPORATE CIVIC BOARD MEMBERS TO THE FINANCE COMMITTEE. FORM 990, PART VI, SECTION B, LINE 11B PRIOR TO FILING THE FORM 990, GICA'S MANAGEMENT IS PROVIDED AN ELECTRONIC COPY OF THE FORM 990. FIRST, THE FINANCE COMMITTEE REVIEWS THE FORM 990 AND SUBSEQUENTLY FORWARDS IT TO THE EXECUTIVE COMMITTEE FOR THEIR REVIEW. FINALLY, THE FORM 990 IS REVIEWED BY THE FULL BOARD. QUESTIONS AND COMMENTS ARE RESOLVED TO THE SATISFACTION OF MANAGEMENT AND THE BOARD. FORM 990, PART VI, SECTION B, LINE 12C ALL STAFF AND BOARD MEMBERS SIGN THE CONFLICT OF INTEREST STATEMENT ANNUALLY. FORM 990, PART VI, SECTION B, LINE 15 GICA'S COMPENSATION FOR ALL PERSONNEL IS REVIEWED AND APPROVED BY ITS EXECUTIVE COMMITTEE. THIS PROCEDURE IS COMPLETED IN THE ANNUAL BUDGETING PROCESS. THE BUDGET IS DISCUSSED AND APPROVED AT THE BOARD MEETINGS AND DOCUMENTED IN THE MINUTES. THE ORGANIZATION PARTICIPATES IN AN EXTENSIVE NATIONAL COMPENSATION SURVEY OF SIMILAR ORGANIZATIONS AND RECEIVES THE DATA ANNUALLY TO BE ABLE TO USE IT FOR COMPARATIVE PURPOSES. THE SURVEY IS REVIEWED AND UTILIZED FOR THE PURPOSE OF SETTING THE CURRENT PRESIDENT'S SALARY. FORM 990, PART VI, SECTION C, LINE 19 THE GICA'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9: LOSS IN BENEFICIAL INTEREST IN PERPETUAL TRUST -96,555. FORM 990, PART XII, LINE 2C THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.