ST JOHNS COLLEGE: Form 990, tax year 2011
View the entire original 990 at ProPublica ↗
- Organization
- ST JOHNS COLLEGE (EIN 52-0591421)
- Tax period
- 2011-07-01 to 2012-06-30
- Filed
- 2013-01-17
- IRS object ID
- 201320179349300122
- Schema version
- 2011v1.2
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990
- Schedule A
- Schedule B
- Schedule D
- Schedule E
- Schedule F
- Schedule G
- Schedule I
- Schedule J
- Schedule K
- Schedule L
- Schedule M
- Schedule O
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2013-01-17T15:11:16-06:00 | Timestamp |
| Tax Period End Date | 2012-06-30 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 521197902 | EIN |
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MULLEN SONDBERG WIMBISH & STONE PA | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2553 HOUSLEY ROAD SUITE 200 | AddressLine1 |
| City | ANNAPOLIS | City |
| State | MD | State |
| ZIP Code | 214016751 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2011-07-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 520591421 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | ST JOHN'S COLLEGE | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | STJO | NameControl |
| Phone | 4102632371 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 2800 | AddressLine1 |
| City | ANNAPOLIS | City |
| State | MD | State |
| ZIP Code | 21404 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | BRONTE JONES PHD | Name |
| Title | TREASURER, ANNAPOLIS CAMPUS | Title |
| Phone | 4106262514 | Phone |
| Date Signed | 2013-01-15 | DateSigned |
| Authorize Third Party | 1 | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | MICHELE L MOORE CPA | Name |
| PTIN | P00740046 | PTIN |
| Phone | 4102244920 | Phone |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2011 | TaxYear |
| Build TS | 2016-02-25 16:41:14Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | CHRISTOPHER NELSON | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 60 COLLEGE AVENUE | AddressLine1 |
| City | ANNAPOLIS | City |
| State | MD | State |
| ZIP Code | 21401 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 70808030 | GrossReceipts |
| Group Return For Affiliates | 0 | GroupReturnForAffiliates |
| Organization501c3 | X | Organization501c3 |
| Web Site | WWW.STJOHNSCOLLEGE.EDU | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 1784 | YearFormation |
| State Legal Domicile | MD | StateLegalDomicile |
| Activity Or Mission Description | TO PROVIDE POST-SECONDARY EDUCATION | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 44 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 39 | NbrIndependentVotingMembers |
| Total Nbr Employees | 1017 | TotalNbrEmployees |
| Total Nbr Volunteers | 150 | TotalNbrVolunteers |
| Total Gross UBI | 0 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | 0 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Prior Year | 11604291 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 11179860 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 49100946 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 49095812 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 4478325 | InvestmentIncomePriorYear |
| Investment Income Current Year | 4271605 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 1508875 | OtherRevenuePriorYear |
| Other Revenue Current Year | -319 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 66692437 | TotalRevenuePriorYear |
| Total Revenue Current Year | 64546958 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 18158014 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 18786751 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members Prior Year | 0 | BenefitsPaidToMembersPriorYear |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 33380556 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 35116750 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp Prior Year | 0 | TotalProfFundrsngExpPriorYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 3123165 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 16373737 | OtherExpensePriorYear |
| Other Expenses Current Year | 15956263 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 67912307 | TotalExpensesPriorYear |
| Total Expenses Current Year | 69859764 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | -1219870 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | -5312806 | RevenuesLessExpensesCY |
| Total Assets BOY | 232158574 | TotalAssetsBOY |
| Total Assets EOY | 225833869 | TotalAssetsEOY |
| Total Liabilities BOY | 44983078 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 47203510 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 187175496 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 178630359 | NetAssetsOrFundBalancesEOY |
| Info In Schedule O Part III | X | InfoInScheduleOPartIII |
| Mission Description | ST. JOHN'S COLLEGE IS A COMMUNITY DEDICATED TO LIBERAL EDUCATION. SUCH EDUCATION SEEKS TO FREE MEN AND WOMEN FROM THE TYRANNIES OF UNEXAMINED OPINIONS AND INHERITED PREJUDICES. IT ALSO ENDEAVORS TO ENABLE THEM TO MAKE INTELLIGENT, FREE CHOICES CONCERNING THE ENDS AND MEANS OF BOTH PUBLIC AND PRIVATE LIFE.AT ST. JOHN'S, FREEDOM IS PURSUED MAINLY THROUGH THOUGHTFUL CONVERSATION ABOUT GREAT BOOKS OF THE WESTERN TRADITION. THE BOOKS THAT ARE AT THE HEART OF LEARNING AT ST. JOHN'S STAND AMONG THE ORIGINAL SOURCES OF OUR INTELLECTUAL TRADITION. THEY ARE TIMELESS AND TIMELY; THEY NOT ONLY ILLUMINATE THE PERSISTING QUESTIONS OF HUMAN EXISTENCE, BUT ALSO HAVE GREAT RELEVANCE TO CONTEMPORARY PROBLEMS. THEY CHANGE OUR MINDS, MOVE OUR HEARTS, AND TOUCH OUR SPIRITS. | MissionDescription |
| Significant New Program Services | 0 | SignificantNewProgramServices |
| Significant Change | 0 | SignificantChange |
| Expense | 58096922 | Expense |
| Grants | 18786751 | Grants |
| Revenue | 49089628 | Revenue |
| Description | GRADUATE & UNDERGRADUATE COURSE OF STUDY FOR APPROXIMATELY 1100 STUDENTS | Description |
| Total Program Service Expense | 58096922 | TotalProgramServiceExpense |
| Described In501 C3 | 1 | DescribedIn501C3 |
| Schedule B Required | 1 | ScheduleBRequired |
| Political Activities | 0 | PoliticalActivities |
| Lobbying Activities | 0 | LobbyingActivities |
| Subject To Proxy Tax | 0 | SubjectToProxyTax |
| Donor Advised Funds | 0 | DonorAdvisedFunds |
| Conservation Easements | 0 | ConservationEasements |
| Collections Of Art | 1 | CollectionsOfArt |
| Credit Counseling | 0 | CreditCounseling |
| Term Or Permanent Endowments | 1 | TermOrPermanentEndowments |
| Report Land Bldg Equip | 1 | ReportLandBldgEquip |
| Report Invest Oth Securities | 1 | ReportInvestOthSecurities |
| Report Prog Rel Invest | 0 | ReportProgRelInvest |
| Report Other Assets | 0 | ReportOtherAssets |
| Report Other Liabilities | 1 | ReportOtherLiabilities |
| Report Fin48 Footnote | 1 | ReportFin48Footnote |
| Independent Audit Financial Stmt | 1 | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | 0 | ConsolidatedAuditFinancialStmt |
| School | 1 | School |
| Foreign Office | 0 | ForeignOffice |
| Foreign Activities | 1 | ForeignActivities |
| More Than5000 K To Organizations | 0 | MoreThan5000KToOrganizations |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividuals |
| Professional Fundraising | 0 | ProfessionalFundraising |
| Fundraising Activities | 1 | FundraisingActivities |
| Gaming | 0 | Gaming |
| Hospital | 0 | Hospital |
| Grants To Organizations | 0 | GrantsToOrganizations |
| Grants To Individuals | 1 | GrantsToIndividuals |
| Schedule J Required | 1 | ScheduleJRequired |
| Tax Exempt Bonds | 1 | TaxExemptBonds |
| Invest Tax Exempt Bonds | 0 | InvestTaxExemptBonds |
| Escrow Account | 0 | EscrowAccount |
| On Behalf Of Issuer | 0 | OnBehalfOfIssuer |
| Excess Benefit Transaction | 0 | ExcessBenefitTransaction |
| Prior Excess Benefit Transaction | 0 | PriorExcessBenefitTransaction |
| Loan To Officer Or DQP | 1 | LoanToOfficerOrDQP |
| Grant To Related Person | 0 | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | 0 | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | 0 | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | 0 | OfficerEntityWithBsnssRltnshp |
| Deductible Non Cash Contributions | 1 | DeductibleNonCashContributions |
| Deductible Contributions Of Art | 0 | DeductibleContributionsOfArt |
| Terminated | 0 | Terminated |
| Partial Liquidation | 0 | PartialLiquidation |
| Disregarded Entity | 0 | DisregardedEntity |
| Related Entity | 0 | RelatedEntity |
| Related Org Controlled Entity | 0 | RelatedOrgControlledEntity |
| Transaction Related Entity | 0 | TransactionRelatedEntity |
| Transfers To Exempt Non Chrtbl Org | 0 | TransfersToExemptNonChrtblOrg |
| Activities Conducted Partnership | 0 | ActivitiesConductedPartnership |
| Schedule O Required | 1 | ScheduleORequired |
| Number Forms Transmitted With1096 | 1586 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Number Of Employees | 1017 | NumberOfEmployees |
| Employment Tax Returns Filed | 1 | EmploymentTaxReturnsFiled |
| Unrelated Business Income | 0 | UnrelatedBusinessIncome |
| Foreign Financial Account | 1 | ForeignFinancialAccount |
| Name Of Foreign Country | CJ | NameOfForeignCountry |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTrans |
| Taxable Party Notification | 0 | TaxablePartyNotification |
| Non Deductible Contributions | 0 | NonDeductibleContributions |
| Quid Pro Quo Contributions | 0 | QuidProQuoContributions |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOf |
| Funds To Pay Premiums | 0 | FundsToPayPremiums |
| Premiums Paid | 0 | PremiumsPaid |
| Indoor Tanning Services | 0 | IndoorTanningServices |
| Info In Schedule O Part VI | X | InfoInScheduleOPartVI |
| Nbr Voting Governing Body Members | 44 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 39 | NumberIndependentVotingMembers |
| Family Or Business Relationship | 0 | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | 0 | DelegationOfManagementDuties |
| Changes To Organizing Docs | 0 | ChangesToOrganizingDocs |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuse |
| Members Or Stockholders | 0 | MembersOrStockholders |
| Election Of Board Members | 0 | ElectionOfBoardMembers |
| Decisions Subject To Approval | 0 | DecisionsSubjectToApproval |
| Minutes Of Governing Body | 1 | MinutesOfGoverningBody |
| Minutes Of Committees | 1 | MinutesOfCommittees |
| Officer Mailing Address | 0 | OfficerMailingAddress |
| Local Chapters | 0 | LocalChapters |
| Form990 Provided To Governing Body | 0 | Form990ProvidedToGoverningBody |
| Conflict Of Interest Policy | 1 | ConflictOfInterestPolicy |
| Annual Disclosure Covered Persons | 1 | AnnualDisclosureCoveredPersons |
| Regular Monitoring Enforcement | 1 | RegularMonitoringEnforcement |
| Whistleblower Policy | 1 | WhistleblowerPolicy |
| Document Retention Policy | 1 | DocumentRetentionPolicy |
| Compensation Process CEO | 1 | CompensationProcessCEO |
| Compensation Process Other | 1 | CompensationProcessOther |
| Investment In Joint Venture | 0 | InvestmentInJointVenture |
| States Where Copy Of Return Is Filed | MD | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | NM | StatesWhereCopyOfReturnIsFiled |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Person | BRONTE JONES AND BRYAN VALENTINE | NamePerson |
| Telephone Number | 4106262514 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 60 COLLEGE AVENUE | AddressLine1 |
| City | ANNAPOLIS | City |
| State | MD | State |
| ZIP Code | 21401 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionA (53 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | OfficerOfficer | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation | Highest Compensated EmployeeHighestCompensatedEmployee |
|---|---|---|---|---|---|---|---|
| MR MICHAEL UREMOVICH | |||||||
| CHAIRMAN | 1.00 | X | X | 0 | 0 | 0 | |
| MR RON FIELDING | |||||||
| VICE CHAIRMAN | 1.00 | X | X | 0 | 0 | 0 | |
| MS PAMELA SAUNDERS ALBIN | |||||||
| SECRETARY | 1.00 | X | X | 0 | 0 | 0 | |
| MS SHEILA BOBBS ARMSTRONG | |||||||
| MEMBER | 1.00 | X | 0 | 0 | 0 | ||
| MR ROBERT BIENENFELD | |||||||
| MEMBER | 1.00 | X | 0 | 0 | 0 | ||
| MS SHARON BISHOP | |||||||
| MEMBER | 1.00 | X | 0 | 0 | 0 | ||
| MR STEVEN BOHLIN | |||||||
| MEMBER | 1.00 | X | 0 | 0 | 0 | ||
| MR CLAIBORNE B BOOKER | |||||||
| MEMBER | 1.00 | X | 0 | 0 | 0 | ||
| MS JANA CAREY | |||||||
| MEMBER | 1.00 | X | 0 | 0 | 0 | ||
| MS PAMELA CARTER | |||||||
| MEMBER | 1.00 | X | 0 | 0 | 0 | ||
| MR BRAD DAVIDSON | |||||||
| MEMBER | 1.00 | X | 0 | 0 | 0 | ||
| MR R WESTON DONEHOWER | |||||||
| MEMBER | 1.00 | X | 0 | 0 | 0 | ||
| MS MICHELE FARQUHAR | |||||||
| MEMBER | 1.00 | X | 0 | 0 | 0 | ||
| MR STEPHEN J FORMAN | |||||||
| MEMBER | 1.00 | X | 0 | 0 | 0 | ||
| MS LEE KATHERINE GOLDSTEIN | |||||||
| MEMBER | 1.00 | X | 0 | 0 | 0 | ||
| MR ERWIN GREENBERG | |||||||
| MEMBER | 1.00 | X | 0 | 0 | 0 | ||
| MR STEWART GREENFIELD | |||||||
| MEMBER | 1.00 | X | 0 | 0 | 0 | ||
| MR RICHARD GROENENDYKE JR | |||||||
| MEMBER | 1.00 | X | 0 | 0 | 0 | ||
| MS JOAN HARATANI | |||||||
| MEMBER | 1.00 | X | 0 | 0 | 0 | ||
| MR HAROLD HUGES | |||||||
| MEMBER | 1.00 | X | 0 | 0 | 0 | ||
| MS LESLIE JUMP-WALKER | |||||||
| MEMBER | 1.00 | X | 0 | 0 | 0 | ||
| MR JAMES HUMPHREY | |||||||
| MEMBER | 1.00 | X | 0 | 0 | 0 | ||
| DR THOMAS KRAUSE | |||||||
| MEMBER | 1.00 | X | 0 | 0 | 0 | ||
| MR PERRY LERNER | |||||||
| MEMBER | 1.00 | X | 0 | 0 | 0 | ||
| MR AUSTIN LIGON | |||||||
| MEMBER | 1.00 | X | 0 | 0 | 0 | ||
| MR MARK LINDLEY | |||||||
| MEMBER | 1.00 | X | 0 | 0 | 0 | ||
| MR MICHAEL MILLER | |||||||
| MEMBER | 1.00 | X | 0 | 0 | 0 | ||
| MS JOANNE L MURRAY | |||||||
| MEMBER | 1.00 | X | 0 | 0 | 0 | ||
| MR JAMES H POLK | |||||||
| MEMBER | 1.00 | X | 0 | 0 | 0 | ||
| MR THEODORE ROGERS | |||||||
| MEMBER | 1.00 | X | 0 | 0 | 0 | ||
| MR S FORD ROWAN JR | |||||||
| MEMBER | 1.00 | X | 0 | 0 | 0 | ||
| MR BRUCE C SANBORN | |||||||
| MEMBER | 1.00 | X | 0 | 0 | 0 | ||
| MR FREDERICA SAXON | |||||||
| MEMBER | 1.00 | X | 0 | 0 | 0 | ||
| DR PATRICIA JANE SOLLARS | |||||||
| MEMBER | 1.00 | X | 0 | 0 | 0 | ||
| MR WARREN SPECTOR | |||||||
| MEMBER | 1.00 | X | 0 | 0 | 0 | ||
| MR RALPH L STENGREN | |||||||
| MEMBER | 1.00 | X | 0 | 0 | 0 | ||
| MR RICHARD E THOMPSON | |||||||
| MEMBER | 1.00 | X | 0 | 0 | 0 | ||
| MS JILL COOPER UDALL | |||||||
| MEMBER | 1.00 | X | 0 | 0 | 0 | ||
| MR DANIEL VAN DOREN | |||||||
| MEMBER | 1.00 | X | 0 | 0 | 0 | ||
| MS DELORES WOLF | |||||||
| MEMBER | 1.00 | X | 0 | 0 | 0 | ||
| MR CHRISTOPHER B NELSON | |||||||
| PRESIDENT - ANNAPOLIS | 35.00 | X | X | 295648 | 0 | 183948 | |
| MR MICHAEL PETERS | |||||||
| PRESIDENT - SANTA FE | 35.00 | X | X | 259030 | 0 | 79735 | |
| MS PAMELA KRAUS | |||||||
| DEAN - ANNAPOLIS | 35.00 | X | X | 147565 | 0 | 33230 | |
| MR WALTER STERLING JR | |||||||
| DEAN - SANTA FE | 35.00 | X | X | 121292 | 0 | 31111 | |
| MS BARBARA GOYETTE | |||||||
| VP ADVANCEMENT - ANNAPOLIS | 35.00 | X | 148659 | 0 | 32042 | ||
| MR JIM OSTERHOLT | |||||||
| VP ADVANCEMENT - SANTA FE | 35.00 | X | 157599 | 0 | 15441 | ||
| MR BRYAN VALENTINE | |||||||
| TREASURER - SANTA FE | 35.00 | X | 144236 | 0 | 33349 | ||
| MS BRONTE D JONES | |||||||
| TREASURER - ANNAPOLIS | 35.00 | X | 151455 | 0 | 27288 | ||
| MS VICTORIA MORA | |||||||
| TUTOR - SANTE FE | 35.00 | 123174 | 0 | 29606 | X | ||
| MR MATTHEW DAVIS | |||||||
| TUTOR - SANTE FE | 35.00 | 115848 | 0 | 14337 | X | ||
| MR JAMES CAREY | |||||||
| TUTOR - SANTE FE | 35.00 | 115835 | 0 | 15499 | X | ||
| MS MARILYN HIGUERA | |||||||
| TUTOR - ANNAPOLIS | 35.00 | 115229 | 0 | 29241 | X | ||
| MR JOHN VERDI | |||||||
| TUTOR - ANNAPOLIS | 35.00 | 110038 | 0 | 49411 | X | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 2005608 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 0 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 574238 | TotalOtherCompensation |
| Number Individuals GT100 K | 32 | NumberIndividualsGT100K |
| Formers Listed | 0 | FormersListed |
| Total Comp GT150 K | 1 | TotalCompGT150K |
| Compensation From Other Sources | 0 | CompensationFromOtherSources |
Contractor Compensation ContractorCompensation (5 entries)
| Address Line1AddressOfContractor/AddressUS/AddressLine1 | CityAddressOfContractor/AddressUS/City | StateAddressOfContractor/AddressUS/State | ZIP CodeAddressOfContractor/AddressUS/ZIPCode | Description Of ServicesDescriptionOfServices | CompensationCompensation |
|---|---|---|---|---|---|
| BON APPETIT | |||||
| 100 HAMILTON AVE SUITE 400 | PALO ALTO | CA | 94301 | FOOD SERVICE | 1907710 |
| ARAMARK | |||||
| 1160 CAMINO CRUZ BLANCO | SANTA FE | NM | 87505 | FOOD SERVICE | 1488000 |
| NORTH CHARLES STREET DESIGN ORGANIZATION | |||||
| 222 WEST SARATOGA ST | BALTIMORE | MD | 21201 | MARKETING SERVICES | 854804 |
| SMPC ARCHITECTS | |||||
| 115 AMHERST DRIVE SE | ALBUQUERQUE | NM | 87106 | ARCHITECTUAL SERVICES | 297139 |
| ASSOCIATED SECURITY INDUSTRIES | |||||
| 1221 SOUTH SAINT FRANCIS DRIVE | SANTA FE | NM | 87505 | SECURITY SERVICES | 238208 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of Contractors GT100 K | 13 | NumberOfContractorsGT100K |
| Fundraising Events | 18824 | FundraisingEvents |
| Government Grants | 2380762 | GovernmentGrants |
| All Other Contributions | 8780274 | AllOtherContributions |
| Noncash Contributions | 367202 | NoncashContributions |
| Total Contributions | 11179860 | TotalContributions |
Program Service Revenue ProgramServiceRevenue (3 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome |
|---|---|---|---|
| TUITION AND FEES | 611600 | 40213746 | 40213746 |
| ROOM AND BOARD FEES | 611710 | 6654857 | 6654857 |
| AUXILIARY ENTERPRISES | 611710 | 979135 | 979135 |
Total Oth Program Service Revenue TotalOthProgramServiceRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 1248074 | TotalRevenueColumn |
| Related Or Exempt Function Income | 1248074 | RelatedOrExemptFunctionIncome |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 49095812 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 1442367 | TotalRevenueColumn |
| Exclusion | $1,442,367 | ExclusionAmount |
Gross Amount Sales Assets GrossAmountSalesAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 8129130 | Securities |
| Other | 950000 | Other |
Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 6075526 | Securities |
| Other | 174366 | Other |
Gain Or Loss GainOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 2053604 | Securities |
| Other | 775634 | Other |
Net Gain Or Loss Investments NetGainOrLossInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 2829238 | TotalRevenueColumn |
| Exclusion | $2,829,238 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Income Fundraising Events | 17045 | GrossIncomeFundraisingEvents |
| Cntrbtns Rprtd Fundraising Events | 18824 | CntrbtnsRprtdFundraisingEvents |
| Fundraising Direct Expenses | 11180 | FundraisingDirectExpenses |
Net Income From Fundraising Events NetIncomeFromFundraisingEvents
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 5865 | TotalRevenueColumn |
| Exclusion | $5,865 | ExclusionAmount |
Other Revenue Misc OtherRevenueMisc
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | CHANGE IN VALUE OF SPL | Description |
| Business Code | 900099 | BusinessCode |
| Total Revenue Column | -6184 | TotalRevenueColumn |
| Related Or Exempt Function Income | -6184 | RelatedOrExemptFunctionIncome |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Revenue | -6184 | TotalOtherRevenue |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 64546958 | TotalRevenueColumn |
| Related Or Exempt Function Income | 49089628 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 0 | UnrelatedBusinessRevenue |
| Exclusion | $4,277,470 | ExclusionAmount |
Grants To Domestic Individuals GrantsToDomesticIndividuals
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 18786751 | Total |
| Program Services | 18786751 | ProgramServices |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1861628 | Total |
| Program Services | 333198 | ProgramServices |
| Management And General | 1174689 | ManagementAndGeneral |
| Fundraising | 353741 | Fundraising |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 21411406 | Total |
| Program Services | 17610286 | ProgramServices |
| Management And General | 2391129 | ManagementAndGeneral |
| Fundraising | 1409991 | Fundraising |
Pension Plan Contributions PensionPlanContributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2045652 | Total |
| Program Services | 1520519 | ProgramServices |
| Management And General | 436571 | ManagementAndGeneral |
| Fundraising | 88562 | Fundraising |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 8070662 | Total |
| Program Services | 6255948 | ProgramServices |
| Management And General | 1504292 | ManagementAndGeneral |
| Fundraising | 310422 | Fundraising |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1727402 | Total |
| Program Services | 1348398 | ProgramServices |
| Management And General | 253490 | ManagementAndGeneral |
| Fundraising | 125514 | Fundraising |
Fees For Services Legal FeesForServicesLegal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 90730 | Total |
| Management And General | 90730 | ManagementAndGeneral |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 139968 | Total |
| Management And General | 139968 | ManagementAndGeneral |
Fees For Services Other FeesForServicesOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 642253 | Total |
| Program Services | 220841 | ProgramServices |
| Management And General | 393012 | ManagementAndGeneral |
| Fundraising | 28400 | Fundraising |
Advertising Advertising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 804174 | Total |
| Program Services | 494054 | ProgramServices |
| Management And General | 128280 | ManagementAndGeneral |
| Fundraising | 181840 | Fundraising |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1800204 | Total |
| Program Services | 984938 | ProgramServices |
| Management And General | 565260 | ManagementAndGeneral |
| Fundraising | 250006 | Fundraising |
Information Technology InformationTechnology
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 371201 | Total |
| Program Services | 16342 | ProgramServices |
| Management And General | 312443 | ManagementAndGeneral |
| Fundraising | 42416 | Fundraising |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1385506 | Total |
| Program Services | 1385506 | ProgramServices |
Travel Travel
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 314363 | Total |
| Program Services | 165697 | ProgramServices |
| Management And General | 50339 | ManagementAndGeneral |
| Fundraising | 98327 | Fundraising |
Conferences Meetings ConferencesMeetings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 68078 | Total |
| Program Services | 40352 | ProgramServices |
| Management And General | 26692 | ManagementAndGeneral |
| Fundraising | 1034 | Fundraising |
Interest Interest
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1218832 | Total |
| Program Services | 1182301 | ProgramServices |
| Management And General | 23241 | ManagementAndGeneral |
| Fundraising | 13290 | Fundraising |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 3172703 | Total |
| Program Services | 3067340 | ProgramServices |
| Management And General | 67148 | ManagementAndGeneral |
| Fundraising | 38215 | Fundraising |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 320679 | Total |
| Program Services | 1060 | ProgramServices |
| Management And General | 319619 | ManagementAndGeneral |
Other Expenses OtherExpenses (4 entries)
| DescriptionDescription | TotalTotal | Program ServicesProgramServices | Management And GeneralManagementAndGeneral | FundraisingFundraising |
|---|---|---|---|---|
| AUXILIARY ENTERPRISES - | 2527167 | 2527167 | ||
| STUDENT ACTIVITIES AND | 857662 | 760420 | 43335 | 53907 |
| EQUIPMENT RENTAL AND MA | 840895 | 486550 | 294247 | 60098 |
| OTHER SUPPLIES AND SERV | 656024 | 310830 | 306882 | 38312 |
All Other Expenses AllOtherExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 745824 | Total |
| Program Services | 598424 | ProgramServices |
| Management And General | 118310 | ManagementAndGeneral |
| Fundraising | 29090 | Fundraising |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 69859764 | Total |
| Program Services | 58096922 | ProgramServices |
| Management And General | 8639677 | ManagementAndGeneral |
| Fundraising | 3123165 | Fundraising |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1354857 | BOY |
| EOY | 3516971 | EOY |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 12594034 | BOY |
| EOY | 9339285 | EOY |
Pledges And Grants Receivable PledgesAndGrantsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 7496359 | BOY |
| EOY | 3521630 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1315073 | BOY |
| EOY | 1387488 | EOY |
Other Notes Loans Receivable Net OtherNotesLoansReceivableNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 6246564 | BOY |
| EOY | 6410135 | EOY |
Inventories For Sale Or Use InventoriesForSaleOrUse
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 480539 | BOY |
| EOY | 480722 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 840171 | BOY |
| EOY | 653382 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 135086965 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 54412756 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 74768293 | BOY |
| EOY | 80674209 | EOY |
Investments Pub Traded Securities InvestmentsPubTradedSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 3078579 | BOY |
| EOY | 3091216 | EOY |
Investments Other Securities InvestmentsOtherSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 122783700 | BOY |
| EOY | 115503902 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1200405 | BOY |
| EOY | 1254929 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 232158574 | BOY |
| EOY | 225833869 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 22300382 | BOY |
| EOY | 24879251 | EOY |
Grants Payable GrantsPayable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1409329 | BOY |
| EOY | 1394237 | EOY |
Deferred Revenue DeferredRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2054980 | BOY |
| EOY | 1776423 | EOY |
Tax Exempt Bond Liabilities TaxExemptBondLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 18840000 | BOY |
| EOY | 18825854 | EOY |
Mort Notes Pybl Secured Invest Prop MortNotesPyblSecuredInvestProp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 166415 | BOY |
| EOY | 123925 | EOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 211972 | BOY |
| EOY | 203820 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 44983078 | BOY |
| EOY | 47203510 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 45166987 | BOY |
| EOY | 44873343 | EOY |
Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 50685566 | BOY |
| EOY | 38853877 | EOY |
Permanently Restricted Net Assets PermanentlyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 91322943 | BOY |
| EOY | 94903139 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 187175496 | BOY |
| EOY | 178630359 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 232158574 | BOY |
| EOY | 225833869 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | X | InfoInScheduleOPartXI |
| Reconcilation Revenue Expenses | -5312806 | ReconcilationRevenueExpenses |
| Reconcilation Other Changes | -3232331 | ReconcilationOtherChanges |
| Info In Schedule O Part XII | X | InfoInScheduleOPartXII |
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | 0 | AccountantCompileOrReview |
| FS Audited | 1 | FSAudited |
| Audit Committee | 1 | AuditCommittee |
| Financial Statement Both | X | FinancialStatementBoth |
| Federal Grant Audit Required | 1 | FederalGrantAuditRequired |
| Federal Grant Audit Performed | 1 | FederalGrantAuditPerformed |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| School170b1 Aii | X | School170b1Aii |
Schedule B IRS990ScheduleB
Contributor Info ContributorInfo
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor Number | RESTRICTED | ContributorNumber |
Contributor Name Business ContributorNameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor Address US ContributorAddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Aggregate Contributions | RESTRICTED | AggregateContributions |
Schedule D IRS990ScheduleD
| Field | Value | IRS element (for citing) |
|---|---|---|
| Collect Used For Public Exhibition | X | CollectUsedForPublicExhibition |
| Collect Used For Preservation | X | CollectUsedForPreservation |
Collection Used For Other CollectionUsedForOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Collection Used For Other Purposes | X | CollectionUsedForOtherPurposes |
| Description Of Other Purposes | RARE AND OLD LIBRARY BOOKS | DescriptionOfOtherPurposes |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Solicited Assets For Sale | 0 | SolicitedAssetsForSale |
Current Year CurrentYear
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 129941910 | BeginningOfYearBalance |
| Contributions | 3669718 | Contributions |
| Investment Earnings Or Losses | 296988 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 3766298 | GrantsOrScholarships |
| Other Expenditures | 5254555 | OtherExpenditures |
| End Of Year Balance | 124887763 | EndOfYearBalance |
Current Year Minus1 Year CurrentYearMinus1Year
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 114498800 | BeginningOfYearBalance |
| Contributions | 4331083 | Contributions |
| Investment Earnings Or Losses | 19218072 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 3098672 | GrantsOrScholarships |
| Other Expenditures | 5007373 | OtherExpenditures |
| End Of Year Balance | 129941910 | EndOfYearBalance |
Current Year Minus2 Years CurrentYearMinus2Years
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 104269100 | BeginningOfYearBalance |
| Contributions | 2946192 | Contributions |
| Investment Earnings Or Losses | 14302735 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 2699391 | GrantsOrScholarships |
| Other Expenditures | 4319836 | OtherExpenditures |
| End Of Year Balance | 114498800 | EndOfYearBalance |
Current Year Minus3 Years CurrentYearMinus3Years
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 125411610 | BeginningOfYearBalance |
| Contributions | 5588015 | Contributions |
| Investment Earnings Or Losses | -17828549 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 3598099 | GrantsOrScholarships |
| Other Expenditures | 5303877 | OtherExpenditures |
| End Of Year Balance | 104269100 | EndOfYearBalance |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated EOY Balance | 0.06900 | BoardDesignatedEOYBalance |
| Permanent Endowment EOY Balance | 0.70500 | PermanentEndowmentEOYBalance |
| Term Endowment EOY Balance | 0.22600 | TermEndowmentEOYBalance |
| Endowments Held By Unrelated Orgs | 1 | EndowmentsHeldByUnrelatedOrgs |
| Endowments Held By Related Orgs | 0 | EndowmentsHeldByRelatedOrgs |
Land Land
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | 25000 | InvestmentCostOrOtherBasis |
| Other Cost Or Other Basis | 2533640 | OtherCostOrOtherBasis |
| Book Value | 2558640 | BookValue |
Buildings Buildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 104387778 | OtherCostOrOtherBasis |
| Depreciation | 43977756 | Depreciation |
| Book Value | 60410022 | BookValue |
Leasehold Improvements LeaseholdImprovements
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 6094591 | OtherCostOrOtherBasis |
| Depreciation | 2371998 | Depreciation |
| Book Value | 3722593 | BookValue |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 9993006 | OtherCostOrOtherBasis |
| Depreciation | 7913287 | Depreciation |
| Book Value | 2079719 | BookValue |
Other Land Buildings OtherLandBuildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 12052950 | OtherCostOrOtherBasis |
| Depreciation | 149715 | Depreciation |
| Book Value | 11903235 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 80674209 | TotalOfBookValueLandBuildings |
Other Securities OtherSecurities (10 entries)
| DescriptionDescription | Book ValueBookValue | Method Of ValuationMethodOfValuation |
|---|---|---|
| INVESTMENTS WITH THE COMMON FUND | 6836292 | F |
| ALTERNATIVE INVESMENTS (INSTITUTIONAL), L.P. | 8053936 | F |
| LEGACY VENTURE II, LLC | 1881430 | F |
| LEGACY VENTURE III, LLC | 820791 | F |
| BERENS CAPITAL FUND, LTD | 6549114 | F |
| INVESTMENTS HELD IN CHARITABLE REMAINDER TRUSTS | 2115178 | F |
| US GOVERNMENT AND CORPORATE BONDS | 30996 | F |
| DLJAMG MEZZANINE PARTNERS, L.P. | 4116 | F |
| TIFF MULTI-ASSET FUND | 87089823 | F |
| TIFF SECONDARY PARTNERS II | 2122226 | F |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Securities | 115503902 | TotalOfBookValueSecurities |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | UNAMORTIZED BOND PREMIUM | Description |
| Amount | $203,820 | Amount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 203820 | TotalOfAmounts |
| Total Revenue | 64546958 | TotalRevenue |
| Total Expenses | 69859764 | TotalExpenses |
| Excess Or Deficit For Year | -5312806 | ExcessOrDeficitForYear |
| Net Unrealized GL On Investments | -3232331 | NetUnrealizedGLOnInvestments |
| Total Adjustments | -3232331 | TotalAdjustments |
| Excess Or Deficit Per FS | -8545137 | ExcessOrDeficitPerFS |
| Tot Revenue Etc Audited Fincl Stmt | 42539056 | TotRevenueEtcAuditedFinclStmt |
| Net Unrealized Gains Investments | -3232331 | NetUnrealizedGainsInvestments |
| Other Revenues | -18786751 | OtherRevenues |
| Revenue Not Rptd F990 | -22019082 | RevenueNotRptdF990 |
| Revenue Subtotal | 64558138 | RevenueSubtotal |
| Other Revenues Not Included | -11180 | OtherRevenuesNotIncluded |
| Revenue Not Rptd On Fin Stmt | -11180 | RevenueNotRptdOnFinStmt |
| Total Revenue Per Form990 | 64546958 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 51084193 | TotExpensesEtcAuditedFinclStmt |
| Other Expenses Included | 11180 | OtherExpensesIncluded |
| Expenses Not Rptd F990 | 11180 | ExpensesNotRptdF990 |
| Expenses Subtotal | 51073013 | ExpensesSubtotal |
| Other Expenses Not Included | 18786751 | OtherExpensesNotIncluded |
| Expenses Not Rptd On Fin Stmt | 18786751 | ExpensesNotRptdOnFinStmt |
| Total Expenses Per Form990 | 69859764 | TotalExpensesPerForm990 |
Form990 Schedule D Part XIV Form990ScheduleDPartXIV (7 entries)
| Return ReferenceReturnReference | ExplanationExplanation | IdentifierIdentifier |
|---|---|---|
| PART III, LINE 4: | SANTA FE - THE ARTWORK PLACED AROUND CAMPUS, AS WELL AS LIBRARY BOOK COLLECTION, FURTHER THE PURPOSE OF THE COLLEGE BY EXPOSING STUDENTS TO FINE WORKS OF ART, IN BOTH THE WRITTEN AND SCULPTED FORM. THE EXCELLENCE AND THOUGHT REPRESENTED IN BOTH ART FORMS FIT VERY WELL WITH THE EXCELLENCE AND DEPTH OF THOUGHT AND CREATIVITY EXPECTED OF OUR STUDENTS. ANNAPOLIS - THE COLLECTION IS AN ECLECTIC ASSEMBLAGE OF FINE AND DECORATIVE ART OBJECTS THAT HAVE BEEN GIVEN TO THE COLLEGE OVER THE YEARS. THIS COLLECTION RANGES FROM UNFRAMED REPRODUCTION POSTERS TO FINE CHINESE SILK PAINTINGS. MANY OF THESE OBJECTS ARE ON DISPLAY THROUGHOUT CAMPUS AND ENRICH CLASSROOM, COMMON, AND OFFICE SPACES. | |
| PART V, LINE 4: | THE COLLEGE INTENDS TO USE THE ENDOWMENT FUNDS TO SUPPLEMENT THE ANNUAL OPERATIONS OF THE COLLEGE AS WELL AS FULFILL DONOR RESTRICTIONS PLACED ON ENDOWMENTS. | DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: |
| PART X: | THE COLLEGE FOLLOWS THE GUIDANCE OF ASC 740-10, ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES WHICH CLARIFIES THE ACCOUNTING FOR THE RECOGNITION AND MEASUREMENT OF THE BENEFITS OF INDIVIDUAL TAX POSITIONS IN THE FINANCIAL STATEMENTS, INCLUDING THOSE OF NON-PROFIT COLLEGES. TAX POSITIONS MUST MEET A RECOGNITION THRESHOLD OF MORE-LIKELY-THAN-NOT IN ORDER FOR THE BENEFIT OF THOSE TAX POSITIONS TO BE RECOGNIZED IN THE COLLEGES FINANCIAL STATEMENTS. THE COLLEGE ANALYZES TAX POSITIONS TAKEN, INCLUDING THOSE RELATED TO THE REQUIREMENTS SET FORTH IN IRS SEC. 501(C) TO QUALIFY AS A TAX EXEMPT COLLEGE, ACTIVITIES PERFORMED BY VOLUNTEERS AND BOARD MEMBERS, THE REPORTING OF UNRELATED BUSINESS INCOME, AND ITS STATUS AS A TAX-EXEMPT COLLEGE UNDER MARYLAND STATE STATUTE. THE COLLEGE DOES NOT KNOW OF ANY TAX BENEFITS ARISING FROM UNCERTAIN TAX POSITIONS AND THERE WAS NO EFFECT ON THE COLLEGES FINANCIAL POSITION OR CHANGES IN NET ASSETS AS A RESULT OF ANALYZING ITS TAX POSITIONS. FISCAL YEARS ENDING ON OR AFTER JUNE 30, 2008 REMAIN SUBJECT TO EXAMINATION BY FEDERAL AND STATE AUTHORITIES. | DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: |
| FINANCIAL AID -18,786,751. | PART XII, LINE 2D - OTHER ADJUSTMENTS: | |
| DIRECT EXPENSES NETTED AGAINST FUNDRAISING INCOME -11,180. | PART XII, LINE 4B - OTHER ADJUSTMENTS: | |
| DIRECT EXPENSES NETTED AGAINST FUNDRAISING INCOME 11,180. | PART XIII, LINE 2D - OTHER ADJUSTMENTS: | |
| FINANCIAL AID 18,786,751. | PART XIII, LINE 4B - OTHER ADJUSTMENTS: |
Schedule E IRS990ScheduleE
| Field | Value | IRS element (for citing) |
|---|---|---|
| Nondiscriminatory Policy Stmt | 1 | NondiscriminatoryPolicyStmt |
| Policy Statement In Brochures Etc | 1 | PolicyStatementInBrochuresEtc |
| Policy Publ Via Broadcast Media | 1 | PolicyPublViaBroadcastMedia |
| Maint Racial Composition Records | 1 | MaintRacialCompositionRecords |
| Maint Scholarships Records | 1 | MaintScholarshipsRecords |
| Maint Copies Of Brochures Etc | 1 | MaintCopiesOfBrochuresEtc |
| Maint Copies Of All Solicitations | 1 | MaintCopiesOfAllSolicitations |
| Discriminate Race Students Rights | 0 | DiscriminateRaceStudentsRights |
| Discriminate Race Admiss Policies | 0 | DiscriminateRaceAdmissPolicies |
| Discriminate Race Emplmn Faculty | 0 | DiscriminateRaceEmplmnFaculty |
| Discriminate Race Scholarships | 0 | DiscriminateRaceScholarships |
| Discriminate Race Educ Policies | 0 | DiscriminateRaceEducPolicies |
| Discriminate Race Use Of Fclts | 0 | DiscriminateRaceUseOfFclts |
| Discriminate Race Athletic Prog | 0 | DiscriminateRaceAthleticProg |
| Discriminate Race Other Acty | 0 | DiscriminateRaceOtherActy |
| Government Financial Aid Received | 1 | GovernmentFinancialAidReceived |
| Government Financial Aid Revoked | 0 | GovernmentFinancialAidRevoked |
| Compliance With Rev Proc7550 | 1 | ComplianceWithRevProc7550 |
Form990 Schedule E Part II Form990ScheduleEPartII (2 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| EXPLANATION OF NONDISCRIMINATORY POLICY PUBLICATION | SCHEDULE E, PART I, LINE 3 | THE STUDENT HANDBOOK DESCRIBES THIS POLICY; THIS HANDBOOK IS DISTRIBUTED TO STUDENTS AS PART OF THE REGISTRATION PROCESS. |
| EXPLANATION OF GOVERNMENT FINANCIAL ASSISTANCE | SCHEDULE E, PART I, LINE 6 | THE COLLEGE RECEIVES FUNDING FROM THE FOLLOWING SOURCES: PELL, COLLEGE WORK STUDY, SUPPLEMENTAL EDUCATIONAL OPPORTUNITY GRANT, GUARANTEED STUDENT LOANS, ACADEMIC COMPETITIVENESS GRANT, AND NATIONAL SCIENCE AND MATHEMATICS ACCESS TO RETAIN TALENT (SMART) GRANTS. ALL ASSISTANCE IS PROVIDED TO STUDENTS BASED ON FINANCIAL NEED. |
Schedule F IRS990ScheduleF
Accts Actvs Out US Table AcctsActvsOutUSTable
| Field | Value | IRS element (for citing) |
|---|---|---|
| Region | CENTRAL AMERICA AND THE CARIBBEAN | Region |
| Number Of Offices | 0 | NumberOfOffices |
| Number Of Employees | 0 | NumberOfEmployees |
| Type Of Activities Conducted | INVESTMENTS | TypeOfActivitiesConducted |
| Total Expenditures | 6549114 | TotalExpenditures |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Subtotal Number Of Offices | 0 | SubtotalNumberOfOffices |
| Subtotal Number Of Employees | 0 | SubtotalNumberOfEmployees |
| Cont Number Of Offices | 0 | ContNumberOfOffices |
| Cont Number Of Employees | 0 | ContNumberOfEmployees |
| Total Number Of Offices | 0 | TotalNumberOfOffices |
| Total Number Of Employees | 0 | TotalNumberOfEmployees |
| Subtotal Amount Spent | 6549114 | SubtotalAmountSpent |
| Cont Amount Spent | 0 | ContAmountSpent |
| Total Amount Spent | 6549114 | TotalAmountSpent |
| Transfer To Foreign Corp | 0 | TransferToForeignCorp |
| Interest In Foreign Trust | 0 | InterestInForeignTrust |
| Own Foreign Corp | 0 | OwnForeignCorp |
| Passive Foreign Invest Co | 0 | PassiveForeignInvestCo |
| Foreign Partnership | 1 | ForeignPartnership |
| Boycott Countries | 0 | BoycottCountries |
Schedule G IRS990ScheduleG
Events Information EventsInformation
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Event1 | IN VINO VERITAS | NameOfEvent1 |
| Gross Receipts Event1 | 35869 | GrossReceiptsEvent1 |
| Charitable Contributions Event1 | 18824 | CharitableContributionsEvent1 |
| Gross Revenue Event1 | 17045 | GrossRevenueEvent1 |
| Food And Beverage Event1 | 2800 | FoodAndBeverageEvent1 |
| Entertainment Event1 | 866 | EntertainmentEvent1 |
| Other Direct Expenses Event1 | 7514 | OtherDirectExpensesEvent1 |
| Gross Receipts Total | 35869 | GrossReceiptsTotal |
| Charitable Contributions Total | 18824 | CharitableContributionsTotal |
| Gross Revenue Total Events | 17045 | GrossRevenueTotalEvents |
| Food And Beverage Total Events | 2800 | FoodAndBeverageTotalEvents |
| Entertainment Total Events | 866 | EntertainmentTotalEvents |
| Other Direct Expenses Total Events | 7514 | OtherDirectExpensesTotalEvents |
| Direct Expense Summary Events | 11180 | DirectExpenseSummaryEvents |
| Net Income Summary | 5865 | NetIncomeSummary |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Records Maintained | 1 | RecordsMaintained |
Form990 Schedule I Part III Form990ScheduleIPartIII (5 entries)
| Type Of GrantTypeOfGrant | Number Of RecipientsNumberOfRecipients | Amount Of Cash GrantAmountOfCashGrant | Method Of ValuationMethodOfValuation |
|---|---|---|---|
| FEDERAL PELL GRANT PROGRAM | 275 | 1157900 | COST |
| FEDERAL SUPPLEMENTAL EDUCATIONAL OPPORTUNITY GRANTS | 214 | 285294 | COST |
| ST. JOHN'S COLLEGE GRANTS | 796 | 17246969 | COST |
| MARYLAND STATE SCHOLARSHIPS | 22 | 77800 | COST |
| NEW MEXICO STATE SCHOLARSHIPS | 10 | 18788 | COST |
Form990 Schedule I Part IV Form990ScheduleIPartIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | PROCEDURE FOR MONITORING GRANTS IN THE U.S.: | Identifier |
| Return Reference | PART I, LINE 2: | ReturnReference |
| Explanation | SCHEDULE I, PART I, LINE 2: THE COLLEGE MONITORS THE USE OF GRANT FUNDS IN THE FINANCIAL AID OFFICE. PERSONNEL REVIEW STUDENT NEED ON A YEARLY BASIS AND AWARD GRANTS BASED ON NEED AND ELIGIBILITY. | Explanation |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Housing Allowance Or Residence | X | HousingAllowanceOrResidence |
| Personal Services | X | PersonalServices |
| Written Policy Re T And E Expenses | 1 | WrittenPolicyReTAndEExpenses |
| Substantiation Required | 1 | SubstantiationRequired |
| Compensation Committee | X | CompensationCommittee |
| Independent Consultant | X | IndependentConsultant |
| Written Employment Contract | X | WrittenEmploymentContract |
| Compensation Survey | X | CompensationSurvey |
| Board Or Committee Approval | X | BoardOrCommitteeApproval |
| Severance Payment | 0 | SeverancePayment |
| Supplemental Nonqual Retire Plan | 1 | SupplementalNonqualRetirePlan |
| Equity Based Comp Arrangement | 0 | EquityBasedCompArrangement |
| Comp Based On Revenue Of Filing Org | 0 | CompBasedOnRevenueOfFilingOrg |
| Comp Based On Revenue Related Orgs | 0 | CompBasedOnRevenueRelatedOrgs |
| Comp Based Net Earnings Filing Org | 0 | CompBasedNetEarningsFilingOrg |
| Comp Based Net Earnings Relate Orgs | 0 | CompBasedNetEarningsRelateOrgs |
| Any Non Fixed Payments | 0 | AnyNonFixedPayments |
| Initial Contract Exception | 0 | InitialContractException |
Form990 Schedule J Part II Form990ScheduleJPartII (10 entries)
| Base Compensation Filing OrgBaseCompensationFilingOrg | Comp Based On Related OrgsCompBasedOnRelatedOrgs | Bonus Filing OrgBonusFilingOrg | Bonus Related OrgsBonusRelatedOrgs | Other Compensation Filing OrgOtherCompensationFilingOrg | Other Compensation Related OrgsOtherCompensationRelatedOrgs | Deferred Comp Filing OrgDeferredCompFilingOrg | Deferred Comp Related OrgsDeferredCompRelatedOrgs | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrg | Nontaxable Benefits Related OrgsNontaxableBenefitsRelatedOrgs | Total Compensation Filing OrgTotalCompensationFilingOrg | Total Compensation Related OrgsTotalCompensationRelatedOrgs | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrg | Comp Report Prior990 Related OrgsCompReportPrior990RelatedOrgs |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| MR CHRISTOPHER B NELSON | |||||||||||||
| 280000 | 0 | 0 | 0 | 15648 | 0 | 30625 | 0 | 153323 | 0 | 479596 | 0 | 0 | 0 |
| MR MICHAEL PETERS | |||||||||||||
| 250000 | 0 | 0 | 0 | 9030 | 0 | 26000 | 0 | 53735 | 0 | 338765 | 0 | 0 | 0 |
| MS PAMELA KRAUS | |||||||||||||
| 147565 | 0 | 0 | 0 | 0 | 0 | 20138 | 0 | 13092 | 0 | 180795 | 0 | 0 | 0 |
| MR WALTER STERLING JR | |||||||||||||
| 121292 | 0 | 0 | 0 | 0 | 0 | 12727 | 0 | 18384 | 0 | 152403 | 0 | 0 | 0 |
| MS BARBARA GOYETTE | |||||||||||||
| 144000 | 0 | 0 | 0 | 4659 | 0 | 18000 | 0 | 14042 | 0 | 180701 | 0 | 0 | 0 |
| MR JIM OSTERHOLT | |||||||||||||
| 146742 | 0 | 0 | 0 | 10857 | 0 | 15261 | 0 | 180 | 0 | 173040 | 0 | 0 | 0 |
| MR BRYAN VALENTINE | |||||||||||||
| 144236 | 0 | 0 | 0 | 0 | 0 | 19513 | 0 | 13836 | 0 | 177585 | 0 | 0 | 0 |
| MS BRONTE D JONES | |||||||||||||
| 144573 | 0 | 0 | 0 | 6882 | 0 | 15036 | 0 | 12252 | 0 | 178743 | 0 | 0 | 0 |
| MS VICTORIA MORA | |||||||||||||
| 89776 | 0 | 0 | 0 | 33398 | 0 | 11222 | 0 | 18384 | 0 | 152780 | 0 | 0 | 0 |
| MR JOHN VERDI | |||||||||||||
| 100550 | 0 | 0 | 0 | 9488 | 0 | 13574 | 0 | 35837 | 0 | 159449 | 0 | 0 | 0 |
Form990 Schedule J Part III Form990ScheduleJPartIII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Reference | PART I, LINE 1A | ReturnReference |
| Explanation | AS IS NORMAL AND CUSTOMARY WITH COLLEGES, THE PRESIDENTS OF THE ANNAPOLIS (CHRISTOPHER NELSON) AND SANTA FE CAMPUS (MICHAEL PETERS) ARE PROVIDED WITH HOUSING FOR THE CONVENIENCE OF THE COLLEGE AND IS A CONDITION OF EMPLOYMENT (PER EMPLOYMENT CONTRACT) THAT THE PRESIDENT RESIDE IN THE HOUSE PROVIDED. THE PRESIDENTS' HOME IS USED FOR MANY COLLEGE ACTIVITIES INCLUDING HOSTING EVENTS FOR STUDENTS, FACULTY, AND COLLEGE SUPPORTERS. THE CALCULATED NONTAXABLE BENEFIT RECIEVED BY THE PRESIDENTS FOR THE PERSONAL USE OF THE HOUSING AMOUNTED TO $135,655 AND $39,899 FOR ANNAPOLIS AND SANTA FE, RESPECTIVELY. IN ADDITION, PERSONAL SERVICES SUCH AS LANDSCAPER AND MAIDS ARE PROVIDED TO MAINTAIN THE UPKEEP ON THE RESIDENCE. | Explanation |
Schedule K IRS990ScheduleK
Form990 Schedule K Part I Form990ScheduleKPartI (3 entries)
| Issuer EINIssuerEIN | CUSIP NumberCUSIPNumber | Date IssuedDateIssued | Issue PriceIssuePrice | Description Of PurposeDescriptionOfPurpose | DefeasedDefeased | On Behalf Of IssuerOnBehalfOfIssuer | Pool FinancingPoolFinancing |
|---|---|---|---|---|---|---|---|
| CITY OF ANNAPOLIS MARYLAND SERIES A | |||||||
| 526000764 | 035779CN5 | 2007-06-08 | 4755000 | DEFEASE PORTION OF PRIOR BONDS; PROVIDE FUNDS FOR NEW HEATING SYSTEM | 0 | 0 | 0 |
| CITY OF ANNAPOLIS MARYLAND SERIES B | |||||||
| 526000764 | 035779DC8 | 2007-06-08 | 8690000 | DEFEASE PORTION OF PRIOR BONDS; PROVIDE FUNDS FOR NEW HEATING SYSTEM | 0 | 0 | 0 |
| CITY OF SANTA FE NEW MEXICO SERIES 2011 | |||||||
| 856000168 | 2011-07-21 | 8310000 | CONSTRUCTION OF NEW DORMITORY FACILITIES ON THE SANTA FE, NEW MEXICO CAMPUS | 0 | 0 | 0 | |
Form990 Schedule K Part II Form990ScheduleKPartII (3 entries)
| Amount RetiredAmountRetired | Amount Bond DefeasedAmountBondDefeased | Capitalized InterestCapitalizedInterest | Year Of Subst CompletionYearOfSubstCompletion | Current RefundingCurrentRefunding | Advance RefundingAdvanceRefunding | Final Allocation MadeFinalAllocationMade | Adequate Books And Recds MaintaindAdequateBooksAndRecdsMaintaind | Refunding EscrowRefundingEscrow | Issuance Costs From ProceedsIssuanceCostsFromProceeds | Total ProceedsTotalProceeds | Amount In Reserve FundAmountInReserveFund | Capital ExpendituresCapitalExpenditures |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 4817240 | 309750 | 91980 | 2008 | 0 | 0 | 1 | 1 | |||||
| 8872343 | 698250 | 164615 | 2009 | 0 | 0 | 1 | 1 | 3473744 | 4583635 | |||
| 2012 | 0 | 0 | 0 | 1 | 251721 | 4865854 | 442672 | 4614133 |
Form990 Schedule K Part III Form990ScheduleKPartIII (3 entries)
| Owning Bond Financed PropertyOwningBondFinancedProperty | Any Lease ArrangementsAnyLeaseArrangements | Mngment Cntrct Bond Financd PrprtyMngmentCntrctBondFinancdPrprty | Any Research AgreementsAnyResearchAgreements | Post Issuance Compliance ProcdrsPostIssuanceComplianceProcdrs |
|---|---|---|---|---|
| 0 | 0 | 0 | 0 | 1 |
| 0 | 0 | 0 | 0 | 1 |
| 0 | 0 | 0 | 0 | 1 |
Form990 Schedule K Part IV Form990ScheduleKPartIV (3 entries)
| Form8038 T FiledForm8038TFiled | Variable Rate IssueVariableRateIssue | Hedge Identified In Books And RecdsHedgeIdentifiedInBooksAndRecds | Gross Proceeds Invested In GICGrossProceedsInvestedInGIC | Gross Proceeds InvestedGrossProceedsInvested | Exception To RebateExceptionToRebate |
|---|---|---|---|---|---|
| 0 | 0 | 0 | 0 | 0 | 0 |
| 0 | 0 | 0 | 0 | 0 | 0 |
| 0 | 0 | 0 | 0 | 0 | 0 |
Schedule L IRS990ScheduleL
Loan Table LoanTable
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Person | BRONTE JONES | NamePerson |
| Purpose Of Loan | HOME LOAN TO ASSIST EMPLOYEE WITH PURCHASE OF RESIDENCE | PurposeOfLoan |
| Loan From Organization | X | LoanFromOrganization |
| Original Principal | $150,000 | OriginalPrincipalAmount |
| Balance Due | 131087 | BalanceDue |
| Default | 0 | Default |
| Approved By Board | 1 | ApprovedByBoard |
| Written Agreement | 1 | WrittenAgreement |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Balance Due | 131087 | TotalBalanceDue |
Schedule M IRS990ScheduleM
Securities Publicly Traded SecuritiesPubliclyTraded
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | X | NonCashCheckbox |
| Number Of Contributions | 16 | NumberOfContributions |
| Noncash Contribs Rptd F990 | 367202 | NoncashContribsRptdF990 |
| Method Of Determining Revenues | HIGH/LOW AVERAGE VALUE | MethodOfDeterminingRevenues |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Any Property That Must Be Held | 0 | AnyPropertyThatMustBeHeld |
| Review Process Unusual NC Gifts | 1 | ReviewProcessUnusualNCGifts |
| Third Parties Used | 0 | ThirdPartiesUsed |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (6 entries)
| Return ReferenceReturnReference | ExplanationExplanation | IdentifierIdentifier |
|---|---|---|
| FORM 990, PART VI, SECTION B, LINE 11 | A COPY OF THE COMPLETED FULL FORM 990 IS FURNISHED TO THE AUDIT AND COMPLIANCE COMMITTEE OF THE BOARD. THE COMMITTEE WILL CONDUCT A REVIEW OF THE 990. UPON DISCUSSION AND REVIEW, THE COMMITTEE WILL MOTION AND APPROVE THE ACCEPTANCE OF THE FORM 990 AND POST A COPY OF THE COMPLETED 990 (EXCLUDING SCHEDULE B) ON A SECURE PORTAL FOR FULL BOARD REVIEW. THE AUDIT AND COMPLIANCE COMMITTEE WILL ALSO GRANT THE ANNAPOLIS CAMPUS TREASURER PERMISSION TO PROCEED WITH SIGNING AND FILING THE FORM 990. | |
| FORM 990, PART VI, SECTION B, LINE 12C | THE CONFLICT OF INTEREST POLICY IS MONITORED AND COMPLIANCE IS ENFORCED THROUGH A YEARLY STATEMENT ALONG WITH THE COLLEGE'S POLICY BEING DISTRIBUTED TO ALL BOARD MEMBERS,OFFICERS, AND KEY EMPLOYEES FOR REVIEW AND SIGNATURE. THE SIGNED STATEMENTS ARE RETURNED TO THE PRESIDENT OF THE ANNAPOLIS CAMPUS FOR REVIEW AND FOLLOW-UP. ANY POTENTIAL CONFLICTS ARE DISCUSSED BETWEEN THE PARTIES AND A RESOLUTION IS MADE TO RESOLVE THE CONFLICT. | |
| FORM 990, PART VI, SECTION B, LINE 15 | WITH RESPECT TO THE COMPENSATION OF ALL EIGHT OFFICERS, AND BEFORE MAKING A RECOMMENDATION TO THE EXECUTIVE COMMITTEE OF THE BOARD, THE COMPENSATION REVIEW COMMITTEE CONSULTS WITH YAFFE & COMPANY, INC., AN INDEPENDENT CONSULTING FIRM WHICH SPECIALIZES IN PROVIDING EXECUTIVE COMPENSATION ADVICE TO COLLEGES AND UNIVERSITIES AS WELL AS TO HOSPITALS AND HEALTH SYSTEMS. ONE OF THE PRIMARY PURPOSES OF ENGAGING AN OUTSIDE FIRM WAS TO ASSURE COMPLIANCE WITH IRS REGULATORY REQUIREMENTS REGARDING THE REASONABLENESS OF EXECUTIVE COMPENSATION IN 501 (C) (3) ORGANIZATIONS. THE COMPENSATION COMMITTEE HAS ESTABLISHED WHAT IS KNOWN AS A REBUTTABLE PRESUMPTION OF THE REASONABLENESS OF COMPENSATION BY SATISFYING THREE REGULATORY REQUIREMENTS: (1) COMPENSATION RECOMMENDATIONS HAVE BEEN DEVELOPED BY AN INDEPENDENT COMMITTEE OF THE BOARD; (2) APPROPRIATE COMPARABILITY DATA HAS BEEN USED (PROVIDED BY YAFFE BASED ON ITS SURVEY); AND (3) THE PROCESS HAS BEEN ADEQUATELY DOCUMENTED THROUGH THE MINUTES OF THE COMPENSATION REVIEW AND EXECUTIVE COMMITTEES. THAT COMMITTEE CONSIDERS THE RECOMMENDATIONS OF THE PRESIDENTS RELATIVE TO THE VICE-PRESIDENTS AND TREASURERS, AND CONSIDERS THE PROJECTED FORMULA-BASED SALARIES OF THE DEANS, ALL IN LIGHT OF THE EXTERNAL COMPARISONS PROVIDED BY YAFFE. THE COMMITTEE ALSO CONSIDERS THE BENEFITS PROVIDED TO THE OFFICERS THAT MAKE UP A PART OF THE TOTAL COMPENSATION PACKAGE. THE COMMITTEE THEN ACTS TO MAKE A RECOMMENDATION WITH RESPECT TO THESE SIX OFFICERS TO THE EXECUTIVE COMMITTEE, WHICH IN TURN MAKES THE FINAL DECISIONS AS TO EACH AFTER REVIEWING ALL OF THE MATERIAL CONSIDERED BY THE COMPENSATION COMMITTEE. AS FOR THE RECOMMENDATIONS RELATIVE TO THE PRESIDENTS, THOSE SALARIES AND BENEFITS ARE REVIEWED BY THE COMPENSATION REVIEW COMMITTEE IN THE ABSENCE OF THE PRESIDENTS AND AFTER RECEIVING REPORTS FROM THE BOARD CHAIR CONCERNING THE PERFORMANCE OF THE PRESIDENTS UPON REVIEW BY THE PRESIDENTIAL REVIEW COMMITTEE. THE RECOMMENDATION IS MADE AFTER A REVIEW OF THE SAME DATA AND COMPARISONS PROVIDED BY YAFFE. THIS RECOMMENDATION GOES TO THE EXECUTIVE COMMITTEE, WHICH IN TURN CONSIDERS ALL THE CONSIDERATIONS MADE BY THE COMPENSATION REVIEW COMMITTEE AND MAKES ITS OWN RECOMMENDATION TO THE FULL BOARD, ACTING IN EXECUTIVE SESSION, WHICH ACTS AFTER GETTING THE FULL REPORT FROM THE TWO COMMITTEES. | |
| FORM 990, PART VI, SECTION C, LINE 19 | FORM 1023, 990, GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. IN ADDITION, THE FORM 990 IS AVAILABLE ON GUIDESTAR AND THE CONFLICT OF INTEREST POLICY IS PUBLISHED ANNUALLY IN THE STAFF HANDBOOK. | |
| FORM 990, PART XI, LINE 5: | NET UNREALIZED LOSSES ON INVESTMENTS: -3,232,331. | CHANGES IN NET ASSETS OR FUND BALANCES: |
| FORM 990, PART IXX, LINE 2C | THE COLLEGE HAS AN AUDIT AND COMPLIANCE COMMITTEE THAT ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT. IN ADDITION, THE AUDIT AND COMPLIANCE COMMITTEE IS RESPONSIBLE FOR THE SELECTION OF THE INDEPENDENT AUDITORS. |