2015-05-15T14:51:50-05:00 2014-06-30 ERNST & YOUNG US LLP 111 MONUMENT CIRCLE SUITE 4000 INDIANAPOLIS IN 46204 990 2013-07-01 590859121 Eckerd College % Christopher P Brennan ECKE 7278647564 4200 54TH AVENUE SOUTH Suite ST PETERSBURG FL 33711 CHRISTOPHER P BRENNAN TREAS. & VP FINANce 7278648122 2015-05-15 Jennifer Lynch P01255855 7278648122 2013 2016-02-25 16:41:14Z DONALD R EASTMAN 4200 54TH AVENUE S ST PETERSBURG FL 33711 101026492 false X WWW.ECKERD.EDU X 1962 FL To provide an undergraduate, liberal arts education and lifelong learning programs within the context of a strong relationship with the presbyterian church. 29 28 1587 225 593078 9286970 8039611 90485880 91039789 1089265 1153461 363759 215378 101225874 100448239 27857402 29060493 0 0 33219004 32547272 52995 39374 1499756 35767259 36278013 96896660 97925152 4329214 2523087 185887289 191410562 43419231 39245392 142468058 152165170 X TO PROVIDE AN UNDERGRADUATE, LIBERAL ARTS EDUCATION AND LIFELONG LEARNING PROGRAMS IN THE UNIQUE FLORIDA ENVIRONMENT, WITHIN THE CONTEXT OF A COVENANT RELATIONSHIP WITH THE PRESBYTERIAN CHURCH, (U.S.A.). THE COLLEGE EXPECTS ITS STUDENTS TO ACQUIRE A BROAD KNOWLEDGE OF PAST AND PRESENT HUMAN CULTURES AND OF THE RICH AND VARIED PERSPECTIVES OF DIFFERENT ACADEMIC AREAS. THE COLLEGE EXPECTS ITS STUDENTS TO ENGAGE INTELLECTUALLY WITH THE ENDURING QUESTIONS OF PURPOSE, VALUE AND MEANING AND TO REFLECT SERIOUSLY ON THE SPIRITUAL DIMENSION OF HUMAN EXISTENCE. THE COLLEGE EXPECTS ITS STUDENTS TO ACQUIRE THE INTELLECTUAL DEPTH APPROPRIATE TO A BACCALAUREATE EDUCATION IN A SINGLE DISCIPLINE OR SUBJECT, INCLUDING MASTERY OF A PARTICULAR BODY OF KNOWLEDGE AND AN UNDERSTANDING OF ITS PRINCIPAL MODES OF INQUIRY. THE COLLEGE EXPECTS ITS STUDENTS TO DEEPEN THEIR AWARENESS AND COMPREHENSION OF TWO CENTRAL ISSUES: SUSTAINING THE NATURAL ENVIRONMENT AND FOSTERING CROSS-CULTURAL UNDERSTANDING AND RESPECT F false false 57626479 29042871 75755846 INSTRUCTION AND SCHOLARSHIPS TO/FOR STUDENTS - INCLUDES TRADITIONAL STUDENTS AS WELL AS RETURNING ADULT STUDENTS OVER THE AGE OF 23. RESIDENTIAL STUDENTS COME FROM 48 STATES AND 40 COUNTRIES. STUDENTS CAN CHOOSE FROM 39 MAJORS IN THE RESIDENTAL PROGRAM AND 5 MAJORS IN THE PROGRAM FOR EXPERIENCED LEARNERS OR DESIGN THEIR OWN INTERDISCIPLINARY CONCENTRATIONS. ALL PROGRAMS LEAD TO A BACHELOR OF ARTS OR BACHELOR OF SCIENCE DEGREE. ATTENDING ECKERD COLLEGE DURING THE 2013/14 ACADEMIC YEAR WERE 2,444 FULL-TIME AND PART-TIME DEGREE-SEEKING STUDENTS. FOR INFORMATION ABOUT MAJORS AND MINOR VISIT WWW.ECKERD.EDU/ACADEMICS OR WWW.ECKERD.EDU/ADMISSIONS FOR SCHOLARSHIP information. 12635399 STUDENT SERVICES - PROVIDE SERVICES TO STUDENTS APART FROM INSTRUCTION SUCH AS ADMISSIONS, FINANCIAL AID, STUDENT ACTIVITIES,ATHLETICS AND MORE. APPROXIMATELY 96% OF ECKERD COLLEGE BEGINNING UNDERGRADUATE STUDENTS RECEIVE FINANCIAL ASSISTANCE AS A RESULT OF THE EFFORTS OF THE FINANCIAL AID OFFICE. THE COLLEGE'S STUDENTS HAVE ACCESS TO MANY SERVICES INCLUDING THE FITNESS CENTER, THE OUTDOOR POOL, MEN'S AND WOMEN'S SPORTS, STUDENT GOVERNMENT,STUDENT MEDIA (RADIO, TV AND NEWSPAPER) AND REGISTERED STUDENT CLUBS AND ORGANIZATIONS. MORE INFORMATION IS AVAILABLE ABOUT ECKERD COLLEGE ATHLETICS AND CLUBS AT WWW.ECKERD.EDU/ATHLETICS AND WWW.ECKERD.EDU/CAMPUSLIFE. 12086676 14663588 AUXILIARY SERVICES - HOUSING, FOOD SERVICE AND OTHERS. WITH OVER 86% OF STUDENTS LIVING IN THE RESIDENCE HALLS, ECKERD COLLEGE OFFERS RESIDENCE HALLS THAT RANGE FROM TRADITIONAL ROOMS WITH A SHARED COMMON AREA TO APARTMENT STYLE SUITES. FOOD SERVICES ARE PROVIDED BY A THIRD PARTY MANAGEMENT COMPANY THAT OPERATES SEVERAL LOCATIONS ACROSS ECKERD'S MAIN CAMPUS. MORE INFORMATION IS AVAILABLE AT WWW.ECKERD.EDU. 3392659 17622 85741213 true true false true false false false false false true true true false false true true true true true true true false false true true false false true true true true false false false false false true false false false false true false false false true true true false false false true 3513 0 true 1587 true true true true UK false false false true true true 5 false false true false X 29 28 false false false false false false false true true false false true true true true true true true true false AK AZ AR DC FL KY ME MD MA MI MS NH SC WA WI X Christopher P Brennan 7278648122 4200 54TH AVE SOUTH St Petersburg FL 33711 Ian P Johnson Trustee 1.0 0.0 X 0 0 0 Helmar Nielson Trustee 1.0 0.0 X 0 0 0 George W Off Trustee 1.0 0.0 X 0 0 0 John B Phelps III Trustee 1.0 0.0 X 0 0 0 Fred Razook Trustee 1.0 0.0 X 0 0 0 William R Ripberger Trustee 1.0 0.0 X 0 0 0 P N Risser III Trustee 1.0 0.0 X 0 0 0 John R Saunders Trustee 1.0 0.0 X 0 0 0 Susan Russ Walker Trustee 1.0 0.0 X 0 0 0 George A Wardman Trustee 1.0 0.0 X 0 0 0 David L Warren Trustee 1.0 0.0 X 0 0 0 Jean Giles Wittner Trustee 1.0 0.0 X 0 0 0 Donald R Eastman III President 50.0 0.0 X X 536839 0 125996 Norman A Barker Trustee 1.0 0.0 X 0 0 0 S Matt Kilgroe Trustee 1.0 0.0 X 0 0 0 Leah K Rubino Trustee 1.0 0.0 X 0 0 0 Kathleen Trott Trustee 1.0 0.0 X 0 0 0 Howard Kennedy Trustee 1.0 0.0 X 0 0 0 Susan A Slaugenhaupt Trustee 1.0 0.0 X 0 0 0 Quinton Zondervan Trustee 1.0 0.0 X 0 0 0 Payton F Adams Trustee 1.0 0.0 X 0 0 0 Ronice Barlow Trustee 1.0 0.0 X 0 0 0 Louie Buntin Trustee 1.0 0.0 X 0 0 0 Miles C Collier Chairman 1.0 0.0 X X 0 0 0 Raul de Quesada Trustee 1.0 0.0 X 0 0 0 Jeffrey A Dodge Trustee 1.0 0.0 X 0 0 0 Karen Brown Dunlap Trustee 1.0 0.0 X 0 0 0 John G Finneran Jr Vice Chairman 1.0 0.0 X 0 0 0 Ronald H Francis Trustee 1.0 0.0 X 0 0 0 Lisa A Mets VP and Secretary of College 50.0 0.0 X 130392 0 32481 Christopher P Brennan Treasurer/VP Bus Finance 50.0 1.0 X 146277 0 39210 Martha S Harrison VP of Academics 50.0 0.0 X 157377 0 42337 Matthew S Bisset VP of Advancement 50.0 0.0 X 160851 0 35316 James J Annarelli VP & Dean of Student Life 50.0 0.0 X 147971 0 53122 John F Sullivan Dean of Admissions 50.0 0.0 X 134990 0 23897 Kathryn J Watson Assoc Dean/Faculty Development 50.0 0.0 X 133025 0 30847 Peter K Hammerschmidt Professor of Eco & Leadership 50.0 0.0 X 128603 0 28372 1676325 0 411578 26 false true false DTZ SERVICES A UGL COMPANY 2000 W COMMERCIAL BLVD SUITE 119 FORT LAUDERDALE FL 33309 FACILITIES MGMT CO 3782821 THE MV GROUP INCORPORATED PO BOX 46785 ST PETERSBURG FL 33741 MGMT CONSULTANTS 322851 ERNST YOUNG LLP PO BOX 101617 ATLANTA GA 303921617 CPA'S 275125 Biltmore Construction Company Inc 1055 Ponce De Leon Blvd BELLEAIR FL 33756 Constr mgmt services 720593 TarHeel Roofing Incorporated 2600 22nd Street N ST PETERSBURG FL 33713 Roofing Installation 280551 8 0 0 24848 0 678339 7336424 934283 8039611 Tuition and Fees 611600 70721427 70721427 0 0 Auxiliary Services 611710 14663588 14663588 0 0 Continuing Education 611600 5654774 5034419 620355 0 91039789 1125161 0 -27277 1152438 0 0 0 0 0 0 0 0 0 560285 22966 539350 15600 20935 7366 28300 28300 64672 24848 23303 41369 41369 0 0 0 0 0 0 Other revenue 900099 174009 0 0 174009 174009 100448239 90419434 593078 1396116 17622 17622 29042871 29042871 0 0 0 0 1072600 0 868113 204487 0 0 0 0 22904682 20012011 2263192 629479 1829786 1568953 207919 52914 5087105 3481441 1457704 147960 1653099 1429206 176384 47509 0 0 0 0 241102 0 241102 0 267888 0 267888 0 64151 64151 0 0 39374 39374 82335 82335 0 883253 425987 457266 0 307046 272346 29700 5000 2109117 1279578 764319 65220 916642 281871 630675 4096 136017 136017 0 0 9696987 8034319 1651894 10774 2562320 2393330 105085 63905 0 0 0 0 466066 412796 41049 12221 1896492 1877433 19059 0 0 0 0 0 5480178 5039585 440593 0 540554 22533 518021 0 Food Services 4429699 4326417 73876 29406 Donor Relations 33008 8630 8235 16143 Building & Grounds 223624 76917 146707 0 Program services supplies 5941534 5537199 233067 171268 97925152 85741213 10684183 1499756 0 33335481 29359486 4063955 4635457 2374865 3166571 1485009 1294318 192106 106348 0 0 1297049 1250707 0 0 4140214 3972219 178837306 83412741 92746326 95424565 30188570 36566048 15900740 15469769 32900 35000 0 0 130074 130074 185887289 191410562 6966816 5129932 0 0 2945020 3058872 27555275 26640397 0 0 0 0 3237395 3204828 0 0 2714725 1211363 43419231 39245392 X 100316714 106752745 8900211 11396852 33251133 34015573 142468058 152165170 185887289 191410562 X 2523087 5943018 1231007 X X false true X true true true X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false false false 0 false 0 false 0 false 0 true 64151 false 0 false 0 64151 false Form 990, Schedule C, Part II-B, Line 1g ECKERD COLLEGE USES THE SERVICES OF AN OUTSIDE CONSULTING FIRM TO CONDUCT lobbying activities for the college regarding higher education issues. 49093600 725601 6985844 2315967 54489078 45268125 946829 5020232 2141586 49093600 47474771 813035 -1073057 1946624 45268125 37814196 4389352 6720297 828815 620259 47474771 31384515 3519650 2910031 37814196 0.34100 0.59200 0.06700 false false 3349312 3349312 108846230 31728179 77118051 210131 192380 17751 48271018 44034774 4236244 18160615 7457408 10703207 95424565 ARCHIPELAGO/WELLINGTON MGMT CO 1990840 F ARCHSTONE OFFSHORE FUND LTD 3765173 F COLCHESTER GLOBAL BOND A1 FUND 861990 F LANDMARK EQUITY PARNERS XV LP 223081 F METROPOLITAN RE PARTNERS VII 667653 F NYES LEDGE CAPITAL OFFSHORE FU 4163182 F SANDERSON INTERNATION VALUE FU 3235239 F TIFF REALTY AND RESOURCES 2008 325101 F VIA ENERGY II, LP 237510 F 15469769 0 POSTRETIREMENT BENEFITS & DEFERRAL 1211363 1211363 X 72409771 5943018 5943018 66466753 82335 33899151 33981486 100448239 68799946 68799946 82335 29042871 29125206 97925152 College Funded Scholarships Form 990, Schedule D, Part XI and Part XII College funded scholarships are presented as a contra-revenue for financial statement purposes. Intended use of endowment funds Form 990, Schedule D, Part V, Line 4 THE INTENDED USES OF THE ENDOWMENT FUNDS ARE FOR SCHOLARSHIPS, FACULTY,PROGRAM SUPPORT AND EQUIPMENT PURCHASES AND MAINTENANCE. ASC 740 (FIN 48) Form 990, Shedule D, Part X, Line 2 The College follows the guidance promulgated by Accounting Standards Codification Topic 740, Income Taxes (ASC 740). ASC 740 prescribes a "more likely than not" minimum recognition threshold that a tax position is required to meet before being recognized in the consolidated financial statements. There were no uncertain tax positions recorded in the consolidated financial statements for fiscal years 2014 and 2013. Other revenue on return not on audited financial statements Form 990, Schedule D, Part XI, Line 4b Scholarships reclassed to expenses on return 29,042,871 Investment return on endowments 4,856,280 ---------- Total 33,899,151 Other expense on return not on audited financial statements Form 990, Schedule D, Part XII, Line 4b Scholarships reclassed to expenses on return 29,042,871 ---------- Total 29,042,871 true true true true true true true false false false false false false false false true false true Racially Nondiscriminatory Policy Form 990, Schedule E, Part I, Line 3 THE NONDISCRIMINATORY POLICY IS PUBLISHED IN A LOCAL NEWSPAPER. Financial aid or assistance from a government agency Form 990, Schedule E, Part I, Line 6a The college primarily receives assistance from governmental agencies for student financial aid. Central America and the Caribbean 0 4 Program Services Instructional 168161 Central America and the Caribbean 0 Investments 7928355 East Asia and the Pacific 0 3 Program Services Instructional 296748 Europe (Including Iceland and Greenland) 1 4 Program Services 736422 Europe (Including Iceland and Greenland) 0 Investments 1990840 South America 0 3 Program Services Instructional 223992 South Asia 0 1 Program Services Instructional 121406 Sub-Saharan Africa 0 1 Program Services Instructional 291310 1 16 1 16 11757234 11757234 true false false false false false Part I, Line 4 ECKERD COLLEGE MAINTAINS A RESIDENTIAL UNIT IN LONDON TO HOUSE STUDENTS WHILE ATTENDING COLLEGE COURSES OFFERED BY THE COLLEGE. DURING FY 14, THE COLLEGE HOUSED APPROXIMATELY 40 STUDENTS AT THIS LOCATION DURING THE FALL, WINTER AND SPRING SEMESTERS. ADDITIONALLY, ECKERD COLLEGE PROVIDES MULTIPLE OPPORTUNITIES FOR IT'S STUDENTS TO COMPLETE SOME INSTRUCTION IN AN INTERNATIONAL ENVIRONMENT. THE NUMBER OF EMPLOYEES IS COMPUTED ON A FTE BASIS, ROUNDED TO WHOLE NUMBERS. X X X X X X X true WITZELBEN ASSOCIATES CAMPAIGN CONSULTING false 39374 39374 AL AZ AR CA CO CT DE DC FL GA HI ID IL IN IA KS KY LA ME MD MA MI MN MS MO MT NV NH NJ NM NY NC ND OH OK OR PA RI SC SD TN UT VT VA WA WV WI WY Athleti Auction 54950 9790 45160 4316 Fishing Trnment 19762 6500 13262 9320 1 14808 8558 6250 3494 3165 3008 89520 24848 64672 3494 3165 3008 13636 23303 41369 true United Way SUNCOAST 5201 W Kennedy Blvd Tampa FL 33609 593725701 501(c)3 10000 General Support ECKERD COLLEGE GRANTS 2068 18746935 HONORS SCHOLARSHIPS 130 240075 PRESIDENTIAL SCHOLARSHIPS 415 5848758 SPECIAL TALENT SCHOLARSHIPS 97 1765536 INSTITUTIONAL GRANTS 530 2081136 SEOG GRANTS 165 151630 SCHOLARSHIPS 64 208801 Organization's Procedures for Monitoring the Use of Grants: Form 990, Schedule I, PART I, LINE 2 THE COlLEGE HAS DESIGNED AND IMPLEMENTED INTERNAL CONTROLS THAT INCLUDE FINANCIAL REPORTING AS WELL AS INTERNAL CONTROL OVER COMPLIANCE WITH REGULATIONS AND GRANT AGREEMENTS. INCLUDED IN THE INTERNAL CONTROL STRUCTURE IS A COMPREHENSIVE GRANTS AND CONTRACTS POLICY THAT PROVIDES THE ECKERD COLLEGE COMMUNITY GUIDELINES FOR GRANTS RECORDKEEPING, REPORTING AND MANAGEMENT. THE FINANCIAL AID AND BUSINESS OFFICES HAVE PRIMARY ROLES IN THE MONITORING OF GRANT FUNDS WHICH INCLUDES PROCEDURES FOR FINANCIAL REPORTING, FUNDS REQUESTS, INVOICING, REIMBURSEMENTS, PROGRAM ACTIVITY OVERSIGHT, PURCHASES, CLOSE OUT AND POST AWARD COMPLIANCE. THE BUSINESS OFFICE COMMUNICATES DIRECTLY AND FREQUENTLY WITH FACULTY AND STAFF MEMBERS TO ENSURE COMPLIANCE WITH ALL COLLEGE POLICIES. THE COLLEGE IS ALSO SUBJECT TO EXTERNAL AUDITS WHICH ARE PERFORMED AT LEAST ANNUALLY. X X X X X true true X X X X X false false false false false false false false false Donald R Eastman III President 433462 0 0 0 103377 0 25500 0 100496 0 662835 0 0 0 Lisa A Mets VP and Secretary of College 129257 0 0 0 1135 0 13500 0 18981 0 162873 0 0 0 Christopher P Brennan Treasurer/VP Bus Finance 144570 0 0 0 1707 0 15500 0 23710 0 185487 0 0 0 Matthew S Bisset VP of Advancement 158458 0 0 0 2393 0 16400 0 18916 0 196167 0 0 0 James J Annarelli VP & Dean of Student Life 144107 0 0 0 3864 0 15000 0 38122 0 201093 0 0 0 John F Sullivan Dean of Admissions 133637 0 0 0 1353 0 13500 0 10397 0 158887 0 0 0 Kathryn J Watson Assoc Dean/Faculty Development 128246 0 0 0 4779 0 12000 0 18847 0 163872 0 0 0 Peter K Hammerschmidt Professor of Eco & Leadership 128215 0 0 0 388 0 9852 0 18520 0 156975 0 0 0 Martha S Harrison VP of Academics 153919 0 0 0 3458 0 16625 0 25712 0 199714 0 0 0 Supplemental Compensation Information Form 990, SCHEDULE J, PART III, LINE 1A THE COLLEGE PRESIDENT IS ALLOWED SOME FIRST CLASS TRAVEL FOR BUSINESS, BASED ON THE DURATION AND DESTINATION OF TRAVEL, WHICH IS SPECIFIED AS A BENEFIT WITHIN HIS EMPLOYMENT CONTRACT. SPOUSAL TRAVEL IS ALSO SPECIFIED IN THE PRESIDENT'S EMPLOYMENT CONTRACT WHICH ALLOWS FOR ONLY SUBSTANTIATED COLLEGE BUSINESS TO BE PAID BY THE COLLEGE. HOUSING, INCLUDING UTILITIES, IS ALSO PROVIDED TO THE PRESIDENT. AS A CONDITION OF HIS EMPLOYMENT, THE PRESIDENT IS REQUIRED TO LIVE WITHIN CLOSE PROXIMITY TO THE COLLEGE CAMPUS AND, AS SUCH, HOUSING IS CONSIDERED A WORKING CONDITION FRINGE. PERSONAL SERVICES IN THE FORM OF HOUSEKEEPING ARE PROVIDED WHEN COLLEGE EVENTS ARE HELD AT THE RESIDENCE. SOCIAL CLUB DUES WERE ALLOCATED BETWEEN PERSONAL AND BUSINESS USE FOR THE PRESIDENT, AS APPLICABLE. PROCESSES USED TO ESTABLISH THE COMPENSATION OF THE COLLEGE PRESIDENT Form 990, SCHEDULE J, PART III, LINE 3 THE EXECUTIVE ASSESSMENT AND COMPENSATION COMMITTEE (EACC) OF THE COLLEGE'S BOARD OF TRUSTEES ANNUALLY REVIEWS THE PRESIDENT'S PERFORMANCE AND COMPENSATION. CHANGES TO THE PRESIDENT'S COMPENSATION ARE DETERMINED BY THE EACC AND REPORTED TO THE BOARD OF TRUSTEES. IN DETERMINING THE PRESIDENT'S COMPENSATION, THE COMMITTEE RETAINED THE SERVICES OF AN INDEPENDENT COMPENSATION CONSULTANT TO PREPARE A COMPENSATION STUDY OF COMPARABLE HIGHER EDUCATION INSTITUTIONS. THE STUDY INCLUDED YEARS 2013 AND 2014. THERE IS A WRITTEN EMPLOYMENT CONTRACT BETWEEN THE COLLEGE AND THE PRESIDENT. A Pinellas County Educational Facilities Authority 521411737 723161FK6 2006-05-18 31680245 Capi improvements & Defease bonds false false false A 3190000 0 32963396 2288813 0 0 624061 3470023 0 14078029 10579373 123898 2008 true false true true A false false true true false 0.00000 0.00280 0.00280 true false false true A false false false false false false 0 false 0 false false A true Description of Purpose of 2006 bond issue Form 990, Schedule K, Part I, Column (F) The proceeds of the bond issue were used for capital improvements and to defease the 1989,1991, and 1993 Bonds. Baker Victoria Retired Faculty DEF'S COMP ADV 457F X 53207 9663 false true true Galizzi Edmund Retired Faculty DEF'S COMP ADV 457F X 73435 10854 false true true Harris Sandra Retired Faculty DEF'S COMP ADV 457F X 34485 12848 false true true Henderson David Retired Faculty DEF'S COMP ADV 457F X 50882 11264 false true true Junevicus Gerald Retired Faculty DEF'S COMP ADV 457F X 54668 13212 false true true Lezcano Margarita Retired Faculty DEF'S COMP ADV 457F X 63906 28127 false true true Meese George Retired Faculty DEF'S COMP ADV 457F X 40479 7084 false true true Oberhofer Tom Retired Faculty DEF'S COMP ADV 457F X 68380 13296 false true true 106348 SUPPLEMENTAL INFORMATION Form 990, SCHEDULE L, PART II Loans to Interested Persons from the College are tax advances related to retired faculty members who participated in a 457(f) non-qualified deferred compensation plan. The deferred compensation plan was curtailed in fiscal year 2008-09. Accordingly no new loans will be advanced, and the outstanding loans identified are being repaid to the College on a monthly basis from deferred compensation payments. X 1 32063 Sale Comp Property X 11 902220 Cost/Selling price false true false NUMBER OF CONTRIBUTIONS OR ITEMS CONTRIBUTED Form 990, Schedule M, PART I, COLUMN B The number of contributions received is measured as the number of contributions, not the number of items contributed. Description of Other Program Services Form 990, Part III, Line 4d OTHER PROGRAM SERVICES EXPENSE INCLUDES ACADEMIC SUPPORT SERVICES, SUCH AS MENTORING, AND RESEARCH. Process used to review the Form 990 Form 990, Part VI, Question 11B The Audit Committee of the Eckerd College Board of Trustees is charged with reviewing and approving the Form 990 prior to it dissemination to the full board and proior to filing. The Form 990 is prepared by the College's Business Office with assistance from the independent tax service provider. The Form, along with supporting schedules and statements is reviewed and approved by the Vice President of Business and Finance. The independent tax provider that prepares the Form 990 also presents the Form 990 to the Audit Committee and provides an opportunity for the committee to ask questions and provides feedback on the contents of the Form 990. Process to monitor transactions for conflicts of interest Form 990, Part VI, Line 12c Eckerd College, Inc. has included its conflict of interest policy in its by-laws to ensure all members of the Eckerd College community are aware of the policy. The Audit Committee is charged with monitoring adherence to the college's conflict of interest policy and reports its determinations to the executive committee. The members of the Board of Trustees annually provide a written disclosure of potential conflict (if any). If at any time, a trustee believes that he or she may have a coflict of interest, the trustee shall promptly and fully disclose the conflict to the President or the Chair of the committee on trusteeship. The minutes of the meeting of the board where the disclosure of a conflict or possible conflict of interest is made will reflect the disclosure and the trustee or officer abstaining from the consideration or vote on the matter. Process for determining compensation Form 990, Part VI, Line 15a & 15b The Board of Trustees of Eckerd College holds the authority to appoint the President of the College. The board is responsibile for setting the appropriate terms of employment, including compensation for the President. The executive assesment and compensation committee (EACC) of the College's Board of Trustees annually reviews the president's performance and compensation. Changes to the president's compensation are determined by the EACC and reported to the Board of Trustees. In determining the president's compensation the committee retains an independent compensation consultant to prepare a compensation study of comparative higher education institutions. There is a written employent contract between the college and the president. The Board also approves the appointment of the vice presidents, secretary, treasurer, deans and such other college officers who, after recommendation of the President are deemed necessary for the proper management of the College. The EACC annually reviews and approves the compensation of all officers and key employees based on performance and comparability data, and the recommendation of the President. All matters discussed within the a meeting of the Board of Trustees or its committees are documented within the minutes. Availability of gov docs, conflict of interest policy & fin stmt to public Form 990, Part VI, Line 19 Eckerd College, Inc. makes its governing documents and conflict of interest policy available to the general public upon request and through its website http://www.eckerd.edu. The college's financial statements are made available to the public via its dissemination agent at http://www.dacbond.com. Other Changes in Net Assets FORM 990, PART XI, LINE 9 Change in value of Split-interest agreement 241,672 Pension-related changes other than net periodic pension cost 989,335 -------- Total 1,231,007 Required Audit Form 990, Part XII, Line 2b and Part IV, Line 12A&12B THE COLLEGES AUDITED FINANCIAL STATEMENTS ARE CONSOLIDATED WITH ECKERD COLLEGE REAL ESTATE, LLC (ECRE). ECRE IS A LIMITED LIABILITY COMPANY WITH ECKERD COLLEGE, INC. AS ITS SOLE MEMBER. THEREFORE, FOR TAX PURPOSES, ECRE IS A DISREGARDED ENTITY AND THERE IS NO DIFFERENCE BETWEEN AMOUNTS REPORTED WITHIN THE FORM 990 AND THE AUDITED FINANCIAL STATEMENTS, WITH THE EXCEPTION OF RECLASSIFICATIONS AND UNRELATED BUSINESS INCOME AS REPORTED IN SCHEDULE D, PARTS XI XIII. Eckerd College Real Estate LLC 4200 54th Avenue South St Petersburg FL 33711 272423823 R/E Holding FL -247509 1228520 Eckerd COL ECP2 Inc 4200 54th Avenue South St Petersburg FL 33711 591096272 R/E Holding FL Eckerd College C Corp 0 0 1.00000 true false false false false false false false false false false false false false false false false false false false