2025-12-18T11:11:23-06:00 2024-06-30 410746749 CLIFTONLARSONALLEN LLP 420 SOUTH ORANGE AVENUE SUITE 900 ORLANDO FL 32801 990 2023-07-01 591157081 FLAGLER COLLEGE INC FLAG 9048296481 74 KING STREET ST AUGUSTINE FL 32084 STACEY M MATTHEWS VP OF BUSINESS SERVICES & CFO 9048268613 2025-12-18 1 1 AMY CHAPMAN P00843460 4078021200 2025-12-17 2023 2025-03-06 01:10:19Z STACEY M MATTHEWS 74 KING STREET ST AUGUSTINE FL 32084 136647642 0 X WWW.FLAGLER.EDU X 1968 FL FOUR-YEAR LIBERAL ARTS COLLEGE FOR APPROXIMATELY 2,400 STUDENTS. 25 25 1227 278 317706 8923 12758148 26737070 73979923 78183066 8631633 565047 754071 1121779 96123775 106606962 15633629 17421089 0 0 37105343 43053685 0 0 3344778 39231949 42439510 91970921 102914284 4152854 3692678 250976712 264488568 74912381 82871760 176064331 181616808 X FLAGLER COLLEGE OFFERS AN EXCEPTIONAL EDUCATION THROUGH A CHALLENGING, INCLUSIVE, AND SUPPORTIVE ACADEMIC COMMUNITY INTEGRATED WITH THE THRIVING CULTURE AND HISTORY OF ST. AUGUSTINE. WE FOSTER INTELLECTUAL, SOCIAL AND PERSONAL TRANSFORMATION IN OUR STUDENTS. WE PREPARE THEM FOR A DIVERSE WORLD THAT WILL ALWAYS NEED DISCERNING INDIVIDUALS, RESPONSIBLE CITIZENS, AND VISIONARY LEADERS. 0 0 57759737 17421089 61842870 THE COLLEGE PROVIDES A HIGH QUALITY EDUCATION TO STUDENTS IN A SMALL, HISTORIC, CAMPUS ENVIRONMENT. SERVING OVER 2,300 UNDERGRADUATE STUDENTS, FLAGLER OFFERS 56 MAJOR AND MINOR PROGRAMS IN VARIOUS FIELDS OF STUDY, WITH A 15 TO 1 STUDENT TO FACULTY RATIO. THE COLLEGE SERVES AN ADDITIONAL 400 STUDENTS THROUGH ITS EVENING PUBLIC ADMINISTRATION PROGRAM IN ST. AUGUSTINE, AND DEGREE-COMPLETION PROGRAMS AT THE TALLAHASSEE CAMPUS. SCHOLARSHIPS ARE AWARDED TO ELIGIBLE STUDENTS BASED ON FINANCIAL NEED, AS WELL AS ACADEMIC AND ATHLETIC ACHIEVEMENT. 25641819 16340196 THE COLLEGE AUXILIARY ENTERPRISES ARE FOR THE CONVENIENCE AND BENEFIT OF ITS STUDENTS, FACULTY AND STAFF. THESE SERVICES INCLUDE STUDENT RESIDENTIAL HOUSING AND DINING SERVICES, AS WELL AS STUDENT CONVENIENCE STORE, BOOKSTORE AND PARKING SERVICES. 83401556 1 1 0 1 0 0 1 1 1 1 1 0 0 0 1 1 0 1 1 0 0 0 0 1 1 0 0 0 1 1 1 0 0 0 0 0 0 0 1 1 0 1 1 0 0 0 1 1 0 0 0 1 3205 0 1 1227 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 25 25 1 0 0 0 0 0 0 1 1 0 1 1 1 1 1 1 1 1 1 0 0 FL X STACEY M MATTHEWS 9048268613 74 KING STREET ST AUGUSTINE FL 32084 JOHN D ROOD CHAIR OF THE BOARD OF TRUSTEES 1.00 0.00 X X 0 0 0 CHARLES J TINLIN VICE CHAIR 1.00 0.00 X X 0 0 0 MARK F BAILEY TRUSTEE 1.00 0.00 X 0 0 0 DAVID C DRYSDALE TRUSTEE 1.00 2.00 X 0 0 0 RICHARD W GROUX JR TRUSTEE 1.00 0.00 X 0 0 0 MIKE SANTARONE TRUSTEE 1.00 0.00 X 0 0 0 FRANK D STEINEMANN JR TRUSTEE 1.00 2.00 X 0 0 0 FRANK D UPCHURCH III TRUSTEE 1.00 0.00 X 0 0 0 BRIAN L WILSON TRUSTEE 1.00 2.00 X 0 0 0 BREE ALBAN TRUSTEE 1.00 0.00 X 0 0 0 ANGELA BRAV TRUSTEE 1.00 0.00 X 0 0 0 KATHLEEN A DEAGAN TRUSTEE 1.00 0.00 X 0 0 0 HORACE A GRAY IV TRUSTEE 1.00 0.00 X 0 0 0 VIV HELWIG TRUSTEE 1.00 0.00 X 0 0 0 MITCHELL B WALK TRUSTEE 1.00 0.00 X 0 0 0 BRADLEY BROWN TRUSTEE 1.00 0.00 X 0 0 0 RYAN HALLETT TRUSTEE 1.00 0.00 X 0 0 0 TERESA RADZINSKI TRUSTEE 1.00 0.00 X 0 0 0 DARNELL SMITH TRUSTEE 1.00 0.00 X 0 0 0 JOHN D BAILEY JR TRUSTEE 1.00 0.00 X 0 0 0 WILLIAM J LONGAN TRUSTEE 1.00 2.00 X 0 0 0 KIM R WHEELER TRUSTEE 1.00 0.00 X 0 0 0 BRADFORD SAUER TRUSTEE 1.00 2.00 X 0 0 0 LEWIS B POLLARD TRUSTEE 1.00 2.00 X 0 0 0 RANDAL L RINGHAVER TRUSTEE 1.00 2.00 X 0 0 0 JOHN DELANEY PRESIDENT 50.00 0.00 X 926128 0 42429 STACEY M MATTHEWS TREASURER, VP OF BUS SVC 48.00 2.00 X 212924 0 43288 LAURA R STEVENSON DUMAS SECRETARY 50.00 0.00 X 182886 0 46338 KRISTY C MYERS VP OF INSTITUTIONAL ADVANC 40.00 0.00 X 256060 0 75944 DEBORAH LYNN THOMPSON VP OF ENROLLMENT MANAGEMEN 40.00 0.00 X 232484 0 60889 ARTHUR S VANDEN HOUTEN VP OF ACADEMIC AFFAIRS 40.00 0.00 X 212597 0 55826 JOHN U DAMON DIRECTOR OF ATHLETICS 40.00 0.00 X 189357 0 63116 GWENDOLEN MAY PECHAN VP OF INFORMATION TECHNOLO 40.00 0.00 X 195573 0 41591 KELLY K TOASTON VP OF HUMAN RESOURCES 40.00 0.00 X 160677 0 38916 CRAIG WOELFEL DEAN OF ACADEMIC LIFE 40.00 0.00 X 157891 0 35338 CAROL ANN BRANSON VP OF MARKETING AND COMMUN 40.00 0.00 X 158562 0 43341 EVERETT MALCOLM VP OF STUDENT AFFAIRS 40.00 0.00 X 143949 0 16172 3029088 0 563188 58 0 1 0 AD DAVIS CONSTRUCTION 3940 LEWIS SPEEDWAY SUITE 2201 ST AUGUSTINE FL 32080 CONSTRUCTION 11069616 SIEMENS INDUSTRY INC PO BOX 2134 CAROL STREAM IL 60132 CONSTRUCTION 6594470 ARAMARK SERVICES INC 1101 MARKET STREET PHILADELPHIA PA 19107 FOOD SERVICES 4452281 WW GAY 524 STOCKTON STREET JACKSONVILLE FL 32204 MECHANICAL SERVICES 1711318 DRIVESTREAM INC 45610 WOODLAND RD SUITE 150 STERLING VA 20166 TECHNOLOGY CONSULTING 958277 46 196240 1816782 14849871 9874177 615968 26737070 TUITION AND FEES 611710 61842870 61842870 HOUSING/FOOD SERVICE 611710 15483491 15483491 OTHER PROGRAM REVENUE 611710 856705 856705 78183066 1236580 7150 1229430 781888 0 781888 781888 781888 28119688 979527 26948661 2822087 1171027 -1842560 -671533 -671533 144437 196240 115102 29335 29335 420781 154830 265951 265951 ADVERTISING REVENUE 900099 44605 44605 44605 106606962 78183066 317706 1369120 17421089 17421089 2722742 969734 1160094 592914 31657081 25395706 5703809 557566 1325691 1079854 232813 13024 5060392 3334390 1614538 111464 2287779 1740397 469270 78112 150540 150540 137512 137512 243493 243493 4642606 2783199 1301601 557806 232911 93285 93594 46032 3805202 1619607 1688068 497527 117258 74268 39472 3518 11158853 10909700 237322 11831 2046475 1835589 113189 97697 177579 126590 50245 744 2623676 1455361 1168315 7173377 7078752 94625 570955 153477 417478 STUDENT SERVICES 3807551 3807551 RENTALS & EVENT EXPENSE 1462125 599055 522079 340991 ATHLETIC TEAMS EXPENSES 1120360 1117533 1335 1492 AUXILIARY SERVICES 1082570 540805 162585 379180 1886467 1265614 565973 54880 102914284 83401556 16167950 3344778 4017543 4499469 41698 3430 7886337 3549470 2384108 6119541 41940 93298 203544 209505 1512395 2351011 295679915 103347628 179723332 192332287 49084917 51999922 6080898 3330635 250976712 264488568 10484581 10583481 3439280 5519658 57590982 63949228 94566 0 3302972 2819393 74912381 82871760 X 140600638 135729777 35463693 45887031 176064331 181616808 250976712 264488568 X 3692678 4314422 -2454623 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 0 0 0 1 105080 0 0 0 105080 0 PART II-B, LINE 1: THE COLLEGE RETAINS THE SERVICES OF A CONTRACTOR WHO ASSISTS WITH RAISING THE VISIBILITY OF THE COLLEGE AND IDENTIFYING POTENTIAL FEDERAL FUNDING FOR THE COLLEGE'S STRATEGIC NEEDS. X 1 3.00 1 0 1 1 40.00 0 0 1003771 X X X X 0 0 1 X 29240464 1935072 3923380 765100 770668 33563148 27780490 1916139 1192240 1648405 29240464 32897730 772083 -3575003 1679163 28415647 27201549 1315696 5588771 1208286 32897730 27516272 1038318 -433359 919682 27201549 0.24250 0.75750 0.00000 0 1 1 17156129 17156129 212320285 79768256 132552029 7198790 1174928 6023862 21819036 17920192 3898844 37185675 4484252 32701423 192332287 RIGHT OF USE LIABILITY 2819393 2819393 X PART II, LINE 9: THE COLLEGE'S CONSERVATION EASEMENT HAS BEEN ESTABLISHED FOR FOUR HISTORIC STRUCTURES: THE HOTEL PONCE DE LEON, MARKLAND HOUSE, WILEY HALL AND THE GENERAL'S HOUSE. THE HOTEL PONCE DE LEON WAS CONSTRUCTED FROM 1885-1888. IT CURRENTLY PROVIDES HOUSING FOR STUDENTS, A CAFETERIA, CLASSROOMS AND OFFICE FOR THE COLLEGE ADMINISTRATION. THE MARKLAND HOUSE (ALSO KNOWN AS THE ANDERSON HOUSE) WAS CONSTRUCTED BY THE ANDERSON FAMILY FROM 1839-1842. TODAY, THE MARKLAND HOUSE SERVES AS A VENUE FOR FUNDRAISING AND SOCIAL EVENTS AT FLAGLER COLLEGE, AND HOUSES THE COLLEGE RELATIONS DEPARTMENT. WILEY HALL WAS CONSTRUCTED IN 1898 AND CURRENTLY SERVES AS CLASSROOMS AND OFFICES FOR THE BUSINESS ADMINISTRATION FACULTY. THE GENERAL'S HOUSE WAS CONSTRUCTED BETWEEN 1887 AND 1891 AND ORIGINALLY SERVED AS THE HOME FOR THE MANAGER OF THE HOTEL PONCE DE LEON. TODAY IT PROVIDES OFFICE SPACE FOR BUSINESS SERVICES AND STUDENT ACCOUNTS. ALL PROPERTIES ARE RECORDED AS ASSETS IN THE FINANCIAL STATEMENTS. PART III, LINE 4: THE COLLEGE'S COLLECTION INCLUDES VARIOUS WORKS OF ART FROM THE PONCE DE LEON HOTEL AND DONATIONS WHICH FURTHER THE COLLEGE'S EXEMPT PURPOSE BY PROVIDING EDUCATIONAL VALUE TO THE COLLEGE. PART IV, LINE 2B: THE ORGANIZATION HOLDS FUNDS FOR VARIOUS CLUBS AND ORGANIZATIONS THROUGHOUT CAMPUS. PART V, LINE 4: THE COLLEGE MAINTAINS THE ENDOWMENT FUNDS ACCORDING TO DONOR RESTRICTIONS FOR SCHOLARSHIPS AND PROGRAMS. PART X, LINE 2: THE COLLEGE IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. IN ADDITION, THE COLLEGE QUALIFIES FOR THE CHARITABLE CONTRIBUTION DEDUCTION UNDER SECTION 170(B)(1)(A) AND HAS BEEN CLASSIFIED AS AN ORGANIZATION OTHER THAN A PRIVATE FOUNDATION UNDER SECTION 509(A)(2). THE COLLEGE IS SUBJECT TO FEDERAL INCOME TAX ONLY ON NET UNRELATED BUSINESS INCOME UNDER THE PROVISIONS OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE COLLEGE HAS EVALUATED ITS TAX POSITIONS AND DETERMINED IT HAS NO UNCERTAIN TAX POSITIONS AND HAS NOT RECORDED ANY OBLIGATIONS FOR UNRELATED BUSINESS INCOME TAX. 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'S NONDISCRIMINATION POLICY STATEMENT IS ACCESSIBLE ON ALL PAGES OF THE COLLEGE'S WEBSITE FOR PROSPECTIVE STUDENTS, EMPLOYMENT APPLICANTS AND THE GENERAL PUBLIC. THE COLLEGE PUBLISHES NONDISCRIMINATION POLICIES IN ITS RECRUITING MATERIALS AND IN THE ONLINE CATALOG, WHICH IS RELEASED ANNUALLY. SCHEDULE E, PART I, LINE 6 FLAGLER COLLEGE PARTICIPATES IN GOVERNMENTAL LOAN AND SCHOLARSHIP PROGRAMS ON BEHALF OF ITS STUDENTS. FUNDS ARE AWARDED TO ELIGIBLE STUDENTS AS PART OF THE COLLEGE'S EDUCATIONAL PURPOSE. ALL FUNDS ARE AWARDED TO ELIGIBLE STUDENTS ON A NONDISCRIMINATORY BASIS. IN ADDITION, GOVERNMENT AGENCIES AWARD GRANTS TO THE COLLEGE FOR RESEARCH AND PROGRAM SUPPORT. X X X X X X X 1 JOHNSON GROSSNICKLE AND ASSOCIATES 29 S PARK BLVD GREENWOOD IN 46143 STRATEGY AND PROJECT MANAGEMENT SERVICES 0 139210 139210 0 139210 139210 GOLF TOURNAMENT 146152 84188 61964 2093 25781 5470 11752 12289 POWER OF THE PURSE 194525 112052 82473 2874 7591 27727 19525 340677 196240 144437 4967 33372 33197 11752 31814 115102 29335 1 INSTITUIONAL GRANTS 2154 0 11669575 FMV TUITION, HOUSING & FEES ATHLETIC SCHOLARSHIPS 242 0 4126502 FMV TUITION, HOUSING & FEES OTHER SCHOLARSHIPS AND FINANCIAL AID 650 0 1625012 FMV TUITION, HOUSING & FEES PART I, LINE 2: ALL AWARDS ARE ADMINISTERED BY THE COLLEGE'S FINANCIAL AID DEPARTMENT WHO REVIEWS EACH APPLICATION TO ENSURE ELIGIBILITY REQUIREMENTS SUCH AS GPA, CREDIT HOURS, AND ENROLLMENT STATUS ARE MET. AWARDS ARE POSTED DIRECTLY TO STUDENTS' ACCOUNTS AS A NON-CASH CREDIT, TO ENSURE EACH SCHOLARSHIP IS USED FOR ITS INTENDED PURPOSE. X X X X 1 1 X X X X 0 0 0 0 0 0 0 0 0 JOHN DELANEY PRESIDENT 586217 0 250000 0 89911 0 39000 0 3429 0 968557 0 0 0 KRISTY C MYERS VP OF INSTITUTIONAL ADVANC 239956 0 15000 0 1104 0 22412 0 53532 0 332004 0 0 0 DEBORAH LYNN THOMPSON VP OF ENROLLMENT MANAGEMEN 230433 0 0 0 2051 0 23650 0 37239 0 293373 0 0 0 ARTHUR S VANDEN HOUTEN VP OF ACADEMIC AFFAIRS 204948 0 0 0 7649 0 21891 0 33935 0 268423 0 0 0 STACEY M MATTHEWS TREASURER, VP OF BUS SVC 211964 0 0 0 960 0 21884 0 21404 0 256212 0 0 0 JOHN U DAMON DIRECTOR OF ATHLETICS 172821 0 15000 0 1536 0 18289 0 44827 0 252473 0 0 0 GWENDOLEN MAY PECHAN VP OF INFORMATION TECHNOLO 169800 0 25000 0 773 0 17901 0 23690 0 237164 0 0 0 LAURA R STEVENSON DUMAS SECRETARY 182359 0 0 0 527 0 19018 0 27320 0 229224 0 0 0 CAROL ANN BRANSON VP OF MARKETING AND COMMUN 157850 0 0 0 712 0 16515 0 26826 0 201903 0 0 0 KELLY K TOASTON VP OF HUMAN RESOURCES 160211 0 0 0 466 0 16804 0 22112 0 199593 0 0 0 CRAIG WOELFEL DEAN OF ACADEMIC LIFE 154819 0 0 0 3072 0 14165 0 21173 0 193229 0 0 0 EVERETT MALCOLM VP OF STUDENT AFFAIRS 134541 0 0 0 9408 0 15020 0 1152 0 160121 0 0 0 PART I, LINE 1A JOHN DELANEY - THE COLLEGE PROVIDED A HOUSING ALLOWANCE OF $40,000 FOR CALENDAR YEAR 2023 WHICH WAS FULLY TAXABLE. THE COLLEGE ALSO PROVIDED AN AMOUNT FOR HEALTH OR SOCIAL CLUB DUES, WHICH WAS ALSO FULLY TAXABLE, TO THE FOLLOWING PERSON: JOHN DELANEY - $4,581 A HIGHER EDUCATIONAL FACILITIES FINANCING AUTHORITY 900058227 34073THG5 2016-08-03 29870378 CONSTRUCTION AND RENOVATION PROJECTS, REFUNDING 0 0 0 B HIGHER EDUCATIONAL FACILITIES FINANCING AUTHORITY 900058227 34073TKU0 2017-12-28 17850458 REFUNDING 0 0 0 C CAPITAL PROJECT FINANCE AUTHORITY EDUC FACILITIES REV BOND 651070560 2023-01-12 31000000 ACQUISITION AND RENOVATION FOR RESIDENCE HALL 0 0 0 A 5280000 29870378 418159 370259 11881841 17200119 1 0 1 1 B 4770000 17850458 269966 17529492 1 0 1 1 C 31000000 197685 31802315 0 0 1 1 A 0 1 1 1 0 0.02000 0.02000 0 0 1 B 0 0 0 0 0.00000 0.00000 0 0 1 C 0 0 0 0 0.00000 0.00000 0 0 1 A 0 0 0 1 0 0 0 0 1 B 0 0 0 1 0 0 0 0 1 C 0 0 0 0 0 0 0 0 1 A 1 B 1 C 1 SCHEDULE K, PART IV LINE 2C: ARBITRAGE REBATE CALCULATION COMPLETED ON 08/24/23 FOR THE 2016 ISSUE. NO LIABILITY IS DUE. ARBITRAGE REBATE CALCULATION COMPLETED ON 12/28/23 FOR 2017 ISSUE. NO LIABILITY IS DUE. WILLIAM W GAY CURRENT BOARD MEMBER, CONTROLLED ENTITY 250600 INSURANCE COMMISSIONS 0 MARY TINLIN WIFE OF CURRENT BOARD MEMBER AND EMPLOYEE 134361 COMPENSATION 0 JAMES DELANEY CHILD OF CURRENT DIRECTOR 65257 COMPENSATION 0 EMILY BROWN CHILD OF CURRENT BOARD MEMBER 6290 COMPENSATION 0 X 1 15700 COMPARABLE SALES X 6 875936 PUBLISHED MKT VALUE X 1 245117 COST X 3 1214 COMPARABLE SALES X GIFT CERTIFICATES - AUCTION ITEMS 2 4225 COMPARABLE SALES X PURSE FOR AUCTION 2 934 COMPARABLE SALES 1 0 1 1 PART I, LINE 32B: THE COLLEGE USES A BROKERAGE FIRM TO SELL GIFTED SECURITIES UPON RECEIPT. FORM 990, PART VI, SECTION A, LINE 1A THE COLLEGE'S EXECUTIVE COMMITTEE CONSISTS OF THE CHAIR OF THE BOARD, THE VICE CHAIR, AND THREE OTHER TRUSTEES WHO ARE RECOMMENDED BY THE TRUSTEES COMMITTEE AND ELECTED BY THE BOARD. THE CHAIR OF THE BOARD SERVES AS CHAIR OF THE EXECUTIVE COMMITTEE. THE EXECUTIVE COMMITTEE SHALL EXERCISE ALL THE DUTIES OF THE BOARD OF TRUSTEES IN THE INTERIM BETWEEN MEETINGS OF THE BOARD, SUBJECT TO THE RESTRICTIONS HEREINAFTER SET FORTH AND FURTHER SUBJECT TO SUCH LIMITATIONS UPON ITS AUTHORITY AS THE BOARD OF TRUSTEES MAY, FROM TIME TO TIME, IMPOSE. IN NO EVENT SHALL THE EXECUTIVE COMMITTEE HAVE AUTHORITY TO APPOINT TRUSTEES OR TO AMEND THE BYLAWS. ACTIONS TAKEN BY THE EXECUTIVE COMMITTEE SHALL BE REPORTED TO THE BOARD AT THE NEXT MEETING OF THE BOARD. FORM 990, PART VI, SECTION A, LINE 2 JOHN D. BAILEY JR. AND MARK BAILEY - FAMILY RELATIONSHIP BREE ALBAN AND RANDAL RINGHAVER - FAMILY RELATIONSHIP FORM 990, PART VI, SECTION B, LINE 11B A COPY OF THE FORM 990 IS PROVIDED TO THE COLLEGE'S BOARD OF TRUSTEES PRIOR TO SUBMISSION WITH THE IRS. AS A MATTER OF PROCEDURE, THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES REVIEWS FORM 990. THE EXECUTIVE COMMITTEE PRESENTS A REPORT OF ITS REVIEW TO THE BOARD OF TRUSTEES. FORM 990, PART VI, SECTION B, LINE 12C TRUSTEES SHALL BE ASKED TO COMPLETE A CONFLICT OF INTEREST DISCLOSURE FORM ON AN ANNUAL BASIS. COPIES WILL BE MADE AVAILABLE TO THE EXECUTIVE COMMITTEE AND THE AUDIT COMMITTEE FOR THEIR REVIEW. THE BOARD OF TRUSTEES OVERSEES THE PROCESS OF CONFLICT OF INTEREST MONITORING. A TRUSTEE SHALL DISCLOSE TO THE BOARD ANY POTENTIAL CONFLICT OF INTEREST AT THE EARLIEST PRACTICABLE TIME, AND WILL ABSENT HIMSELF OR HERSELF FROM ANY SITUATION IN WHICH A CONFLICT OF INTEREST COULD INFLUENCE DECISION MAKING. A DECLARATION BY A BOARD MEMBER OF EVERY CASE IN WHICH HE OR SHE HAS A POTENTIAL CONFLICT OF INTEREST IS AN EFFECTIVE MEANS OF ENSURING THE BOARD'S INTEREST IN BEING VIGILANT. 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 DISCLOSURE OF ANY CONFLICT OF INTEREST AND THE RECUSAL OF THE INTERESTED TRUSTEE. FORM 990, PART VI, SECTION B, LINE 15A THE EXECUTIVE COMMITTEE IS RESPONSIBLE FOR ASSESSING THE PERFORMANCE OF THE PRESIDENT ANNUALLY. IN ADDITION, THE COMMITTEE DETERMINES APPROPRIATE COMPENSATION FOR THE PRESIDENT USING INDUSTRY STANDARDS AND COMPARABILITY DATA, AND REVIEWS WITH THE PRESIDENT HIS OR HER COMPENSATION RECOMMENDATIONS FOR OTHER SENIOR OFFICERS OF THE COLLEGE. THE PRESIDENT'S COMPENSATION IS APPROVED BY MAJORITY VOTE ANNUALLY AND INCLUDED IN THE BOARD MINUTES. THE COLLEGE'S BOARD OF TRUSTEES REVIEWS AND APPROVES THE PRESIDENT'S COMPENSATION. THE PRESIDENT REVIEWS AND APPROVES OTHER OFFICERS AND KEY EMPLOYEES' COMPENSATION IN COOPERATION WITH HUMAN RESOURCES AS PART OF THE ANNUAL REVIEW PROCESS. AVAILABLE FUNDING, AS WELL AS COMPARABILITY DATA AND PERFORMANCE ASSESSMENTS ARE CONSIDERED IN DETERMINING OFFICER'S AND KEY EMPLOYEES' COMPENSATION. COMPENSATION INCREASES ARE CONSIDERED AND APPROVED IN JUNE FOR A JULY 1 EFFECTIVE DATE. THE PROCESS DESCRIBED HERE WAS LAST COMPLETED IN 2024. FORM 990, PART VI, SECTION C, LINE 19 THE COLLEGE MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: NONOPERATING LOSS -2,454,623. FORM 990, PART XI, LINE 9, CHANGES IN NET ASSETS - NONOPERATING LOSS FLAGLER COLLEGE EXPERIENCED AN UNUSUAL EVENT AFFECTING A BUILDING ON CAMPUS. THE TOTAL LOSS IMPACTED BUILDING IMPROVEMENTS AND FURNITURE AND FIXTURES, TOTALING $2,454,623 IN FY24. FLAGLER COLLEGE ENDOWMENT FUND 74 KING STREET ST AUGUSTINE FL 32084 510224117 PROVIDE SUPPORT TO THE COLLEGE VA 501(C)(3) LINE 12A, I FLAGLER COLLEGE INC 1 JESSIE KENAN WISE FOUNDATION 74 KING STREET ST AUGUSTINE FL 32084 566040717 PROVIDE SUPPORT TO THE COLLEGE NC 501(C)(3) LINE 12A, I FLAGLER COLLEGE INC 1 0 0 1 0 1 0 0 0 0 0 0 1 1 1 1 1 1 0 0 JESSIE KENAN WISE FOUNDATION C 312559 CASH TRANSFERRED FLAGLER COLLEGE ENDOWMENT FUND C 1504223 CASH TRANSFERRED