ART CENTER COLLEGE OF DESIGN: Form 990, tax year 2011
View the entire original 990 at ProPublica ↗
- Organization
- ART CENTER COLLEGE OF DESIGN (EIN 95-1921340)
- Tax period
- 2011-07-01 to 2012-06-30
- Filed
- 2013-02-13
- IRS object ID
- 201330449349301383
- Schema version
- 2011v1.5
- 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 O
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2013-02-13T15:40:04-06:00 | Timestamp |
| Tax Period End Date | 2012-06-30 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 910189318 | EIN |
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MOSS ADAMS LLP | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 3121 WEST MARCH LANE SUITE 100 | AddressLine1 |
| City | STOCKTON | City |
| State | CA | State |
| ZIP Code | 952192303 | 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 | 951921340 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | ART CENTER COLLEGE OF DESIGN | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | ARTC | NameControl |
| Phone | 6263962200 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1700 LIDA ST | AddressLine1 |
| City | PASADENA | City |
| State | CA | State |
| ZIP Code | 91103 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | RICHARD HALUSCHAK | Name |
| Title | SENIOR VP & CFO | Title |
| Phone | 6263962200 | Phone |
| Date Signed | 2013-02-11 | DateSigned |
| Authorize Third Party | 1 | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | TRACY S PAGLIA | Name |
| PTIN | P00366884 | PTIN |
| Phone | 2099556100 | Phone |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2011 | TaxYear |
| Build TS | 2016-03-07 17:11:31Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | LORNE BUCHMAN | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1700 LIDA ST | AddressLine1 |
| City | PASADENA | City |
| State | CA | State |
| ZIP Code | 91103 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 250687247 | GrossReceipts |
| Group Return For Affiliates | 0 | GroupReturnForAffiliates |
| Organization501c3 | X | Organization501c3 |
| Web Site | ARTCENTER.EDU | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 1930 | YearFormation |
| State Legal Domicile | CA | StateLegalDomicile |
| Activity Or Mission Description | ART CENTER COLLEGE OF DESIGN OPERATES AN INDEPENDENT, FOUR YEAR CURRICULUM TO EDUCATE ARTISTS AND DESIGNERS IN COMMUNICATION ARTS AND INDUSTRIAL DESIGN THAT EXTENDS ITS LEGACY OF PROFESSIONAL ART AND DESIGN PRACTICE AND ENABLES ITS GRADUATES TO REALIZE SUCCESS, FULFILLMENT AND RECOGNITION IN THEIR CHOSEN FIELDS. | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 22 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 21 | NbrIndependentVotingMembers |
| Total Nbr Employees | 1544 | TotalNbrEmployees |
| Total Nbr Volunteers | 165 | TotalNbrVolunteers |
| Total Gross UBI | 0 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | 0 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Prior Year | 30622288 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 27937786 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 73587814 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 80439962 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 3019295 | InvestmentIncomePriorYear |
| Investment Income Current Year | 2126763 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | -178240 | OtherRevenuePriorYear |
| Other Revenue Current Year | -44658 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 107051157 | TotalRevenuePriorYear |
| Total Revenue Current Year | 110459853 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 38011448 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 38722748 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members Prior Year | 0 | BenefitsPaidToMembersPriorYear |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 39232990 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 40999672 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp Prior Year | 0 | TotalProfFundrsngExpPriorYear |
| Total Prof Fundrsng Exp CY | 32042 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 1335058 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 24205129 | OtherExpensePriorYear |
| Other Expenses Current Year | 22734659 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 101449567 | TotalExpensesPriorYear |
| Total Expenses Current Year | 102489121 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | 5601590 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | 7970732 | RevenuesLessExpensesCY |
| Total Assets BOY | 143198243 | TotalAssetsBOY |
| Total Assets EOY | 169138227 | TotalAssetsEOY |
| Total Liabilities BOY | 45440164 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 71571741 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 97758079 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 97566486 | NetAssetsOrFundBalancesEOY |
| Info In Schedule O Part III | X | InfoInScheduleOPartIII |
| Mission Description | INVEST IN THE INFRASTRUCTURE, TECHNOLOGY AND EDUCATIONAL RESOURCES NECESSARY TO ADVANCE LEARNING, RESEARCH AND ACHIEVEMENT TO THE HIGHEST LEVELS OF EXCELLENCE, MINDFUL OF HOW ART AND DESIGN SHAPE AND DEFINE OUR GLOBAL CULTURE, WITH A COMMITMENT TO PROGRESSIVE EDUCATION DEFINED BY SOCIAL RESPONSIBILITY, CRITICAL THINKING, INTELLECTUAL DIVERSITY, AND THE CREATIVE PROCESS. | MissionDescription |
| Significant New Program Services | 0 | SignificantNewProgramServices |
| Significant Change | 0 | SignificantChange |
| Expense | 97640190 | Expense |
| Grants | 38722748 | Grants |
| Revenue | 80439962 | Revenue |
| Description | THE COLLEGE OPERATES AN INDEPENDENT, FOUR YEAR CURRICULUM TO EDUCATE ARTISTS AND DESIGNERS IN COMMUNICATION ARTS AND INDUSTRIAL DESIGN. THE COLLEGE OFFERS A BACHELOR OF FINE ARTS DEGREE IN SIX MAJORS - ADVERTISING, FILM, FINE ART, GRAPHIC DESIGN, ILLUSTRATION AND PHOTOGRAPHY AND IMAGING, AND A BACHELOR OF SCIENCE DEGREE IN FIVE MAJORS - ENVIRONMENTAL DESIGN, INTERACTION DESIGN, PRODUCT DESIGN, TRANSPORTATION DESIGN AND ENTERTAINMENT DESIGN. GRADUATE PROGRAMS LEAD TO THE MASTER OF FINE ARTS DEGREE IN BROADCAST CINEMA, FINE ART AND MEDIA DESIGN. THE GRADUATE PROGRAMS THAT OFFER THE MASTER OF SCIENCE DEGREE ARE ENVIRONMENTAL DESIGN, INDUSTRIAL DESIGN, AND TRANSPORTATION DESIGN. ALL EXPENDITURES RELATE TO ACADEMIC INSTRUCTION, PROGRAM SUPPORT AND OPERATION OF THE COLLEGE. THE FTE ENROLLMENT FOR JULY 2011 TO JUNE 2012 WAS 4,449 STUDENTS. | Description |
| Total Program Service Expense | 97640190 | 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 | 0 | CollectionsOfArt |
| Credit Counseling | 0 | CreditCounseling |
| Term Or Permanent Endowments | 1 | TermOrPermanentEndowments |
| Report Land Bldg Equip | 1 | ReportLandBldgEquip |
| Report Invest Oth Securities | 0 | ReportInvestOthSecurities |
| Report Prog Rel Invest | 0 | ReportProgRelInvest |
| Report Other Assets | 1 | 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 | 1 | 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 | 0 | 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 | 0 | 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 | 350 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Compliance With Backup Witholding | 1 | ComplianceWithBackupWitholding |
| Number Of Employees | 1544 | NumberOfEmployees |
| Employment Tax Returns Filed | 1 | EmploymentTaxReturnsFiled |
| Unrelated Business Income | 0 | UnrelatedBusinessIncome |
| Foreign Financial Account | 0 | ForeignFinancialAccount |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTrans |
| Taxable Party Notification | 0 | TaxablePartyNotification |
| Non Deductible Contributions | 0 | NonDeductibleContributions |
| Quid Pro Quo Contributions | 1 | QuidProQuoContributions |
| Quid Pro Quo Disclosure | 1 | QuidProQuoDisclosure |
| 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 | 22 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 21 | NumberIndependentVotingMembers |
| Family Or Business Relationship | 0 | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | 0 | DelegationOfManagementDuties |
| Changes To Organizing Docs | 1 | 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 | 1 | 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 | CA | StatesWhereCopyOfReturnIsFiled |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
Name Business NameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | DIANE WITTENBERG | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Telephone Number | 6263962200 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1700 LIDA ST | AddressLine1 |
| City | PASADENA | City |
| State | CA | State |
| ZIP Code | 91103 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionA (36 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | OfficerOfficer | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation | Key EmployeeKeyEmployee | Highest Compensated EmployeeHighestCompensatedEmployee | FormerFormer |
|---|---|---|---|---|---|---|---|---|---|
| ROBERT C DAVIDSON JR | |||||||||
| CHAIRMAN | 1.00 | X | X | 0 | 0 | 0 | |||
| CARL BASS | |||||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||||
| DOUGLAS C BOYD | |||||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||||
| LORNE M BUCHMAN | |||||||||
| PRESIDENT/CEO | 40.00 | X | X | 536978 | 0 | 55135 | |||
| WILLIAM T GROSS | |||||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||||
| KIT HINRICHS | |||||||||
| TRUSTEE/VICE CHAIR | 1.00 | X | X | 0 | 0 | 0 | |||
| TIMOTHY M KOBE | |||||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||||
| GEORGE H LADYMAN | |||||||||
| TRUSTEE/VICE CHAIR | 1.00 | X | X | 0 | 0 | 0 | |||
| SAMUEL J MANN | |||||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||||
| PETER W MULLIN | |||||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||||
| REINER M TRILTSCH | |||||||||
| TRUSTEE/TREASURER | 1.00 | X | X | 0 | 0 | 0 | |||
| JUDY C WEBB | |||||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||||
| ALYCE DE ROULET WILLIAMSON | |||||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||||
| RONALD I BENSION | |||||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||||
| WESLEY A COLEMAN | |||||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||||
| JEFFREY L GLASSMAN | |||||||||
| TRUSTEE/SECRETARY | 1.00 | X | X | 0 | 0 | 0 | |||
| LINDA M GRIEGO | |||||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||||
| CHARLES FLOYD JOHNSON | |||||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||||
| MOLLY M MORGAN | |||||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||||
| BONNIE R NASH | |||||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||||
| CHARLES E NEARBURG | |||||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||||
| RAYMOND VICKS | |||||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||||
| WILLIAM D HORSFALL | |||||||||
| TRUSTEE/TREASURER & SECRETARY | 1.00 | X | X | 0 | 0 | 0 | |||
| CLEON T KNAPP | |||||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||||
| PAULA VIOLICH | |||||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||||
| RICHARD HALUSCHAK | |||||||||
| SR. VICE PRESIDENT & CFO | 40.00 | X | 236092 | 0 | 23609 | ||||
| KATHERINE BARON | |||||||||
| VICE PRESIDENT | 40.00 | 154279 | 0 | 24879 | X | ||||
| GEORGE FALARDEAU | |||||||||
| SR. VICE PRESIDENT | 40.00 | 188475 | 0 | 27354 | X | ||||
| FRED FEHLAU | |||||||||
| PROVOST | 40.00 | 251580 | 0 | 32774 | X | ||||
| ARWEN DUFFY | |||||||||
| SR. VICE PRESIDENT | 40.00 | 221325 | 0 | 31957 | X | ||||
| NIKOLAS HAFERMAAS | |||||||||
| CHAIR/DEAN SPECIAL PROGRAMS | 40.00 | 223019 | 0 | 33478 | X | ||||
| ANDREW OGDEN | |||||||||
| CHAIR | 40.00 | 168873 | 0 | 16887 | X | ||||
| DAVID MOCARSKI | |||||||||
| CHAIR | 40.00 | 156211 | 0 | 25072 | X | ||||
| STEWART REED | |||||||||
| CHAIR | 40.00 | 150998 | 0 | 23044 | X | ||||
| NANCY DUGGAN | |||||||||
| EXECUTIVE DIR., HR | 40.00 | 150998 | 0 | 22905 | X | ||||
| JEAN FORD | |||||||||
| FORMER SR. VICE PRESIDENT | 0.00 | 211140 | 0 | 26000 | X | ||||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 2649968 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 0 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 343094 | TotalOtherCompensation |
| Number Individuals GT100 K | 36 | NumberIndividualsGT100K |
| Formers Listed | 1 | 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 |
|---|---|---|---|---|---|
| UNIVERSAL PROTECTION SERVICE LP | |||||
| 639 WILSHIRE BLVD | LOS ANGELES | CA | 90017 | SECURITY | 636817 |
| SODEXHO | |||||
| 9801 WASHINGTON BLVD | GAITHERSBURG | MD | 20878 | CATERING | 496848 |
| FOLLETT HIGHER EDUCATION GROUP | |||||
| 3146 SOLUTIONS CENTER | CHICAGO | IL | 60677 | COLLEGE BOOKSTORE MANAGEMENT | 431365 |
| CLEAR IMAGE PRINTING COMPANY | |||||
| 731 WILSON AVE | GLENDALE | CA | 91203 | PRINTING | 354770 |
| SPECIALTY SERVICES | |||||
| 45 LAPORTE ST | ARCADIA | CA | 91006 | JANITORIAL | 351588 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of Contractors GT100 K | 27 | NumberOfContractorsGT100K |
| Fundraising Events | 39500 | FundraisingEvents |
| Government Grants | 24809493 | GovernmentGrants |
| All Other Contributions | 3088793 | AllOtherContributions |
| Total Contributions | 27937786 | TotalContributions |
Program Service Revenue ProgramServiceRevenue (2 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome |
|---|---|---|---|
| TUITION AND FEES | 611600 | 79180408 | 79180408 |
| AUXILIARY SERVICES | 611600 | 1259554 | 1259554 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 80439962 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 1616251 | TotalRevenueColumn |
| Exclusion | $1,616,251 | ExclusionAmount |
Income From Invest Bond Proceeds IncomeFromInvestBondProceeds
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 4424 | TotalRevenueColumn |
| Exclusion | $4,424 | ExclusionAmount |
Gross Amount Sales Assets GrossAmountSalesAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 140661412 | Securities |
Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 140155324 | Securities |
Gain Or Loss GainOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 506088 | Securities |
Net Gain Or Loss Investments NetGainOrLossInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 506088 | TotalRevenueColumn |
| Exclusion | $506,088 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Income Fundraising Events | 27412 | GrossIncomeFundraisingEvents |
| Cntrbtns Rprtd Fundraising Events | 39500 | CntrbtnsRprtdFundraisingEvents |
| Fundraising Direct Expenses | 72070 | FundraisingDirectExpenses |
Net Income From Fundraising Events NetIncomeFromFundraisingEvents
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -44658 | TotalRevenueColumn |
| Exclusion | -$44,658 | ExclusionAmount |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 110459853 | TotalRevenueColumn |
| Related Or Exempt Function Income | 80439962 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 0 | UnrelatedBusinessRevenue |
| Exclusion | $2,082,105 | ExclusionAmount |
Grants To Domestic Individuals GrantsToDomesticIndividuals
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 38722748 | Total |
| Program Services | 38722748 | ProgramServices |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1765509 | Total |
| Program Services | 710683 | ProgramServices |
| Management And General | 789554 | ManagementAndGeneral |
| Fundraising | 265272 | Fundraising |
Comp Disqual Persons CompDisqualPersons
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 197596 | Total |
| Program Services | 197596 | ProgramServices |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 30418386 | Total |
| Program Services | 28736249 | ProgramServices |
| Management And General | 1168066 | ManagementAndGeneral |
| Fundraising | 514071 | Fundraising |
Pension Plan Contributions PensionPlanContributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2863000 | Total |
| Program Services | 2704676 | ProgramServices |
| Management And General | 109939 | ManagementAndGeneral |
| Fundraising | 48385 | Fundraising |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 3425072 | Total |
| Program Services | 3235665 | ProgramServices |
| Management And General | 131523 | ManagementAndGeneral |
| Fundraising | 57884 | Fundraising |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2330109 | Total |
| Program Services | 2201254 | ProgramServices |
| Management And General | 89476 | ManagementAndGeneral |
| Fundraising | 39379 | Fundraising |
Fees For Services Legal FeesForServicesLegal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 85625 | Total |
| Management And General | 85625 | ManagementAndGeneral |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 57043 | Total |
| Management And General | 57043 | ManagementAndGeneral |
Fees For Services Prof Fundraising FeesForServicesProfFundraising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 32042 | Total |
| Fundraising | 32042 | Fundraising |
Fees For Services Invst Mgmnt Fees FeesForServicesInvstMgmntFees
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 223706 | Total |
| Management And General | 223706 | ManagementAndGeneral |
Fees For Services Other FeesForServicesOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2987772 | Total |
| Program Services | 2822549 | ProgramServices |
| Management And General | 114730 | ManagementAndGeneral |
| Fundraising | 50493 | Fundraising |
Advertising Advertising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 169795 | Total |
| Program Services | 160405 | ProgramServices |
| Management And General | 6520 | ManagementAndGeneral |
| Fundraising | 2870 | Fundraising |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 6542209 | Total |
| Program Services | 6180425 | ProgramServices |
| Management And General | 251221 | ManagementAndGeneral |
| Fundraising | 110563 | Fundraising |
Information Technology InformationTechnology
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1003067 | Total |
| Program Services | 947597 | ProgramServices |
| Management And General | 38518 | ManagementAndGeneral |
| Fundraising | 16952 | Fundraising |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 4296681 | Total |
| Program Services | 4059074 | ProgramServices |
| Management And General | 164993 | ManagementAndGeneral |
| Fundraising | 72614 | Fundraising |
Travel Travel
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 840390 | Total |
| Program Services | 793916 | ProgramServices |
| Management And General | 32271 | ManagementAndGeneral |
| Fundraising | 14203 | Fundraising |
Conferences Meetings ConferencesMeetings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 68521 | Total |
| Program Services | 64732 | ProgramServices |
| Management And General | 2631 | ManagementAndGeneral |
| Fundraising | 1158 | Fundraising |
Interest Interest
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 551820 | Total |
| Program Services | 521304 | ProgramServices |
| Management And General | 21190 | ManagementAndGeneral |
| Fundraising | 9326 | Fundraising |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1786365 | Total |
| Program Services | 1687579 | ProgramServices |
| Management And General | 68596 | ManagementAndGeneral |
| Fundraising | 30190 | Fundraising |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2080080 | Total |
| Program Services | 1965052 | ProgramServices |
| Management And General | 79875 | ManagementAndGeneral |
| Fundraising | 35153 | Fundraising |
Other Expenses OtherExpenses (4 entries)
| DescriptionDescription | TotalTotal | Program ServicesProgramServices | Management And GeneralManagementAndGeneral | FundraisingFundraising |
|---|---|---|---|---|
| BOND DEBT FEES | 772994 | 730247 | 29683 | 13064 |
| UNCOLLECTIBLE ACCOUNTS | 667347 | 630443 | 25626 | 11278 |
| LICENSES, PERMITS, DUES | 327069 | 308983 | 12559 | 5527 |
| COST OF STUDENT MATERIA | 274175 | 259013 | 10528 | 4634 |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 102489121 | Total |
| Program Services | 97640190 | ProgramServices |
| Management And General | 3513873 | ManagementAndGeneral |
| Fundraising | 1335058 | Fundraising |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 7999 | BOY |
| EOY | 7999 | EOY |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 18270618 | BOY |
| EOY | 23957621 | EOY |
Pledges And Grants Receivable PledgesAndGrantsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 998664 | BOY |
| EOY | 781936 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 3821664 | BOY |
| EOY | 4825215 | EOY |
Inventories For Sale Or Use InventoriesForSaleOrUse
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 73442 | BOY |
| EOY | 82340 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 678673 | BOY |
| EOY | 846796 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 62697792 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 13407293 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 43946312 | BOY |
| EOY | 49290499 | EOY |
Investments Pub Traded Securities InvestmentsPubTradedSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 71170512 | BOY |
| EOY | 71482268 | EOY |
Investments Other Securities InvestmentsOtherSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 127474 | BOY |
| EOY | 101008 | EOY |
Investments Program Related InvestmentsProgramRelated
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1868827 | BOY |
| EOY | 1864013 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2234058 | BOY |
| EOY | 15898532 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 143198243 | BOY |
| EOY | 169138227 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 5079496 | BOY |
| EOY | 12332917 | EOY |
Deferred Revenue DeferredRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 10353424 | BOY |
| EOY | 10061019 | EOY |
Tax Exempt Bond Liabilities TaxExemptBondLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 29585000 | BOY |
| EOY | 48735000 | EOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 422244 | BOY |
| EOY | 442805 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 45440164 | BOY |
| EOY | 71571741 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 41472696 | BOY |
| EOY | 42820829 | EOY |
Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 11615855 | BOY |
| EOY | 9934755 | EOY |
Permanently Restricted Net Assets PermanentlyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 44669528 | BOY |
| EOY | 44810902 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 97758079 | BOY |
| EOY | 97566486 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 143198243 | BOY |
| EOY | 169138227 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | X | InfoInScheduleOPartXI |
| Reconcilation Revenue Expenses | 7970732 | ReconcilationRevenueExpenses |
| Reconcilation Other Changes | -8162325 | ReconcilationOtherChanges |
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | 0 | AccountantCompileOrReview |
| FS Audited | 1 | FSAudited |
| Audit Committee | 1 | AuditCommittee |
| Financial Statement Separate | X | FinancialStatementSeparate |
| 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
Current Year CurrentYear
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 50393000 | BeginningOfYearBalance |
| Contributions | 10213000 | Contributions |
| Investment Earnings Or Losses | -289000 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 1712000 | GrantsOrScholarships |
| Administrative Expenses | 125000 | AdministrativeExpenses |
| End Of Year Balance | 58480000 | EndOfYearBalance |
Current Year Minus1 Year CurrentYearMinus1Year
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 42039000 | BeginningOfYearBalance |
| Contributions | 1263000 | Contributions |
| Investment Earnings Or Losses | 9743000 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 1500000 | GrantsOrScholarships |
| Other Expenditures | 1023000 | OtherExpenditures |
| Administrative Expenses | 129000 | AdministrativeExpenses |
| End Of Year Balance | 50393000 | EndOfYearBalance |
Current Year Minus2 Years CurrentYearMinus2Years
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 42938000 | BeginningOfYearBalance |
| Contributions | 903000 | Contributions |
| Investment Earnings Or Losses | -878000 | InvestmentEarningsOrLosses |
| Other Expenditures | 830000 | OtherExpenditures |
| Administrative Expenses | 94000 | AdministrativeExpenses |
| End Of Year Balance | 42039000 | EndOfYearBalance |
Current Year Minus3 Years CurrentYearMinus3Years
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 33432000 | BeginningOfYearBalance |
| Contributions | 585000 | Contributions |
| Investment Earnings Or Losses | 10782000 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 1253000 | GrantsOrScholarships |
| Other Expenditures | 384000 | OtherExpenditures |
| Administrative Expenses | 224000 | AdministrativeExpenses |
| End Of Year Balance | 42938000 | EndOfYearBalance |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated EOY Balance | 0.16990 | BoardDesignatedEOYBalance |
| Permanent Endowment EOY Balance | 0.76220 | PermanentEndowmentEOYBalance |
| Term Endowment EOY Balance | 0.06790 | TermEndowmentEOYBalance |
| Endowments Held By Unrelated Orgs | 1 | EndowmentsHeldByUnrelatedOrgs |
| Endowments Held By Related Orgs | 0 | EndowmentsHeldByRelatedOrgs |
Land Land
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 3679010 | OtherCostOrOtherBasis |
| Book Value | 3679010 | BookValue |
Buildings Buildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 49291982 | OtherCostOrOtherBasis |
| Depreciation | 12213202 | Depreciation |
| Book Value | 37078780 | BookValue |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 848881 | OtherCostOrOtherBasis |
| Depreciation | 378394 | Depreciation |
| Book Value | 470487 | BookValue |
Other Land Buildings OtherLandBuildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 8877919 | OtherCostOrOtherBasis |
| Depreciation | 815697 | Depreciation |
| Book Value | 8062222 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 49290499 | TotalOfBookValueLandBuildings |
Other Assets OtherAssets (3 entries)
| DescriptionDescription | Book ValueBookValue |
|---|---|
| DEBT ISSUANCE COST | 1031723 |
| RESTRICTED USE OF CASH | 13534445 |
| OTHER ASSETS | 1332364 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Other Assets | 15898532 | TotalBookValueOtherAssets |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | FEDERAL LOANS | Description |
| Amount | $442,805 | Amount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 442805 | TotalOfAmounts |
| Total Revenue | 110459853 | TotalRevenue |
| Total Expenses | 102489121 | TotalExpenses |
| Excess Or Deficit For Year | 7970732 | ExcessOrDeficitForYear |
| Net Unrealized GL On Investments | -1922768 | NetUnrealizedGLOnInvestments |
| Other | -$6,239,557 | OtherAmount |
| Total Adjustments | -8162325 | TotalAdjustments |
| Excess Or Deficit Per FS | -191593 | ExcessOrDeficitPerFS |
| Tot Revenue Etc Audited Fincl Stmt | 70958948 | TotRevenueEtcAuditedFinclStmt |
| Net Unrealized Gains Investments | -1922768 | NetUnrealizedGainsInvestments |
| Other Revenues | 72070 | OtherRevenues |
| Revenue Not Rptd F990 | -1850698 | RevenueNotRptdF990 |
| Revenue Subtotal | 72809646 | RevenueSubtotal |
| Other Revenues Not Included | 37650207 | OtherRevenuesNotIncluded |
| Revenue Not Rptd On Fin Stmt | 37650207 | RevenueNotRptdOnFinStmt |
| Total Revenue Per Form990 | 110459853 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 71148974 | TotExpensesEtcAuditedFinclStmt |
| Other Expenses Included | 6311627 | OtherExpensesIncluded |
| Expenses Not Rptd F990 | 6311627 | ExpensesNotRptdF990 |
| Expenses Subtotal | 64837347 | ExpensesSubtotal |
| Other Expenses Not Included | 37651774 | OtherExpensesNotIncluded |
| Expenses Not Rptd On Fin Stmt | 37651774 | ExpensesNotRptdOnFinStmt |
| Total Expenses Per Form990 | 102489121 | TotalExpensesPerForm990 |
Form990 Schedule D Part XIV Form990ScheduleDPartXIV (7 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: | PART V, LINE 4: | THE ENDOWMENTS ARE RESTRICTED BY THE DONORS FOR SCHOLARSHIPS AND SUPPORT FOR EDUCATIONAL PROGRAMS AND INITIATIVES. THE BOARD-DESIGNATED QUASI-ENDOWMENT IS RESTRICTED FOR SCHOLARSHIPS. |
| DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: | PART X: | THE COLLEGE ADOPTED THE PROVISIONS OF FASB ACCOUNTING STANDARDS CODIFICATION (ASC) 740-10, INCOME TAXES, RELATING TO ACCOUNTING FOR UNCERTAIN TAX POSITIONS ON JULY 1, 2009 WHICH HAD NO FINANCIAL STATEMENT IMPACT TO THE COLLEGE FOR THE YEARS ENDING JUNE 30, 2012 OR JUNE 30, 2011. |
| PART XI, LINE 8 - OTHER ADJUSTMENTS: | LOSS ON INTEREST SWAP -6,000,097. ACTUARIAL ADJUSTMENT -239,460. TOTAL TO SCHEDULE D, PART XI, LINE 8: -6,239,557. | |
| PART XII, LINE 2D - OTHER ADJUSTMENTS: | DIRECT FUNDRAISING EXPENSES 72,070. | |
| PART XII, LINE 4B - OTHER ADJUSTMENTS: | STUDENT FINANCIAL AID 12,890,114. FEDERAL FUNDING NETTED AGAINST EXPENSES ON FINANCIAL STATEMENTS 24,760,093. | |
| PART XIII, LINE 2D - OTHER ADJUSTMENTS: | DIRECT FUNDRAISING EXPENSES 72,070. LOSS ON INTEREST RATE SWAP 6,000,097. ACTUARIAL ADJUSTMENT 239,460. | |
| PART XIII, LINE 4B - OTHER ADJUSTMENTS: | STUDENT FINANCIAL AID 12,890,114. FEDERAL FUNDING NETTED AGAINST EXPENSES ON FINANCIAL STATEMENTS 24,760,093. EXPENSES RECORDED IN NET ASSETS 1,567. |
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 COLLEGE PUBLICIZES ITS RACIALLY NONDISCRIMINATORY POLICY THROUGH BROCHURES, PRINT MEDIA, REGISTRATION MATERIALS AND ITS WEBSITE. |
| EXPLANATION OF GOVERNMENT FINANCIAL ASSISTANCE | SCHEDULE E, PART I, LINE 6 | THE COLLEGE ADMINISTERS VARIOUS SCHOLARSHIP PROGRAMS AND LOANS PROVIDED BY GOVERNMENTAL AGENCIES (INCLUDING DIRECT LOANS (SUBSIDIZED AND UNSUBSIDIZED), PELL GRANTS, SEOG AND FEDERAL WORK STUDY PROGRAMS) AND AWARDS ARE MADE BASED UPON THE CRITERIA ESTABLISHED BY THE GOVERNMENTAL AGENCY. |
Schedule F IRS990ScheduleF
Accts Actvs Out US Table AcctsActvsOutUSTable (6 entries)
| RegionRegion | Number Of OfficesNumberOfOffices | Number Of EmployeesNumberOfEmployees | Type Of Activities ConductedTypeOfActivitiesConducted | Specific Services ProvidedSpecificServicesProvided | Total ExpendituresTotalExpenditures |
|---|---|---|---|---|---|
| EUROPE (INCLUDING ICELAND AND GREENLAND) | 0 | 0 | PROGRAM SERVICE | STUDY ABROAD SEMESTER - #12239 & #00274 TEST LAB BERLIN | 71800 |
| EUROPE (INCLUDING ICELAND AND GREENLAND) | 0 | 0 | PROGRAM SERVICE | STUDY ABROAD SEMESTER - #00251 INSEAD | 9685 |
| EUROPE (INCLUDING ICELAND AND GREENLAND) | 0 | 0 | PROGRAM SERVICE | STUDY ABROAD SEMESTER - #00262 LONDON ANCIENT MODERN | 22895 |
| EAST ASIA AND THE PACIFIC | 0 | 0 | PROGRAM SERVICE | STUDY ABROAD SEMESTER - ASHOKA INDIA PROJECT | 17500 |
| SOUTH AMERICA | 0 | 0 | PROGRAM SERVICES | STUDY ABROAD SEMESTER- SAFE AGUA PERU | 12000 |
| EUROPE (INCLUDING ICELAND AND GREENLAND) | 0 | 0 | PROGRAM SERVICES | ESADE EXECUTIVE EDUCATION SEMINAR | 14094 |
| 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 | 147974 | SubtotalAmountSpent |
| Cont Amount Spent | 0 | ContAmountSpent |
| Total Amount Spent | 147974 | 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 | 0 | ForeignPartnership |
| Boycott Countries | 0 | BoycottCountries |
Schedule G IRS990ScheduleG
| Field | Value | IRS element (for citing) |
|---|---|---|
| Mail Solicitations | X | MailSolicitations |
| Email Solicitations | X | EmailSolicitations |
| Phone Solicitations | X | PhoneSolicitations |
| In Person Solicitations | X | InPersonSolicitations |
| Solicitation Of Non Govt Grants | X | SolicitationOfNonGovtGrants |
| Solicitation Of Govt Grants | X | SolicitationOfGovtGrants |
| Special Fundraising Events | X | SpecialFundraisingEvents |
| Agreement Ref Fundraising | 1 | AgreementRefFundraising |
Fundraiser Activity Information FundraiserActivityInformation
Name Of Organization NameOfOrganization
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | GRENZEBACH GLIER & ASSOCIATES INC | BusinessNameLine1 |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 401 N MICHIGAN AVENUE | AddressLine1 |
| City | CHICAGO | City |
| State | IL | State |
| ZIP Code | 60611 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Activity | FUNDRAISING PROGRAM CONSULTING | Activity |
| Fundraiser Control Of Funds | 0 | FundraiserControlOfFunds |
| Gross Receipts | 0 | GrossReceipts |
| Amount Retained By Contractor | 32042 | AmountRetainedByContractor |
| Net To Organization | -32042 | NetToOrganization |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Retained By Contractors | 32042 | TotalRetainedByContractors |
| Total Net To Organization | -32042 | TotalNetToOrganization |
| Licensed States | CA | LicensedStates |
Events Information EventsInformation
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Event1 | CAR CLASSIC | NameOfEvent1 |
| Gross Receipts Event1 | 66912 | GrossReceiptsEvent1 |
| Charitable Contributions Event1 | 39500 | CharitableContributionsEvent1 |
| Gross Revenue Event1 | 27412 | GrossRevenueEvent1 |
| Rent Facility Costs Event1 | 7804 | RentFacilityCostsEvent1 |
| Food And Beverage Event1 | 10938 | FoodAndBeverageEvent1 |
| Other Direct Expenses Event1 | 53328 | OtherDirectExpensesEvent1 |
| Gross Receipts Total | 66912 | GrossReceiptsTotal |
| Charitable Contributions Total | 39500 | CharitableContributionsTotal |
| Gross Revenue Total Events | 27412 | GrossRevenueTotalEvents |
| Rent Facility Costs Total Events | 7804 | RentFacilityCostsTotalEvents |
| Food And Beverage Total Events | 10938 | FoodAndBeverageTotalEvents |
| Other Direct Expenses Total Events | 53328 | OtherDirectExpensesTotalEvents |
| Direct Expense Summary Events | 72070 | DirectExpenseSummaryEvents |
| Net Income Summary | -44658 | 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 |
|---|---|---|
| UNDERGRADUATE SCHOLARSHIPS | 1215 | 11262500 |
| GRADUATE SCHOLARSHIPS | 155 | 1451642 |
| PELL GRANTS, SEOG, FEDERAL WORK STUDY, DIRECT LOANS | 2800 | 25425320 |
| STUDENT SPECIAL CIRCUMSTANCE TUITION WAIVERS - MEDICAL | 8 | 90805 |
| EDUCATION PROGRAM TUITION DISCOUNTS | 596 | 492480 |
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: GRANT FUNDS ARE RECORDED IN A PROJECT ACCOUNT SO THAT ALL ASSOCIATED REVENUES AND EXPENSES ARE ACCOUNTED FOR RELATED TO A SPECIFIC GRANT. | Explanation |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Or Committee Approval | X | BoardOrCommitteeApproval |
| Severance Payment | 1 | SeverancePayment |
| Supplemental Nonqual Retire Plan | 0 | 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 | 1 | AnyNonFixedPayments |
| Initial Contract Exception | 0 | InitialContractException |
Form990 Schedule J Part II Form990ScheduleJPartII (12 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| LORNE M BUCHMAN | |||||||||||||
| 394478 | 0 | 142500 | 0 | 0 | 0 | 39448 | 0 | 15687 | 0 | 592113 | 0 | 0 | 0 |
| RICHARD HALUSCHAK | |||||||||||||
| 236092 | 0 | 0 | 0 | 0 | 0 | 23609 | 0 | 0 | 0 | 259701 | 0 | 0 | 0 |
| KATHERINE BARON | |||||||||||||
| 154279 | 0 | 0 | 0 | 0 | 0 | 15428 | 0 | 9451 | 0 | 179158 | 0 | 0 | 0 |
| GEORGE FALARDEAU | |||||||||||||
| 188475 | 0 | 0 | 0 | 0 | 0 | 18848 | 0 | 8506 | 0 | 215829 | 0 | 0 | 0 |
| FRED FEHLAU | |||||||||||||
| 251580 | 0 | 0 | 0 | 0 | 0 | 25158 | 0 | 7616 | 0 | 284354 | 0 | 0 | 0 |
| ARWEN DUFFY | |||||||||||||
| 221325 | 0 | 0 | 0 | 0 | 0 | 22133 | 0 | 9824 | 0 | 253282 | 0 | 0 | 0 |
| NIKOLAS HAFERMAAS | |||||||||||||
| 223019 | 0 | 0 | 0 | 0 | 0 | 22302 | 0 | 11176 | 0 | 256497 | 0 | 0 | 0 |
| ANDREW OGDEN | |||||||||||||
| 168873 | 0 | 0 | 0 | 0 | 0 | 16887 | 0 | 0 | 0 | 185760 | 0 | 0 | 0 |
| DAVID MOCARSKI | |||||||||||||
| 156211 | 0 | 0 | 0 | 0 | 0 | 15621 | 0 | 9451 | 0 | 181283 | 0 | 0 | 0 |
| STEWART REED | |||||||||||||
| 150998 | 0 | 0 | 0 | 0 | 0 | 15428 | 0 | 7616 | 0 | 174042 | 0 | 0 | 0 |
| NANCY DUGGAN | |||||||||||||
| 150998 | 0 | 0 | 0 | 0 | 0 | 14399 | 0 | 8506 | 0 | 173903 | 0 | 0 | 0 |
| JEAN FORD | |||||||||||||
| 211140 | 0 | 0 | 0 | 0 | 0 | 26000 | 0 | 0 | 0 | 237140 | 0 | 0 | 0 |
Form990 Schedule J Part III Form990ScheduleJPartIII (2 entries)
| Return ReferenceReturnReference | ExplanationExplanation |
|---|---|
| PART I, LINE 4A | JEAN FORD HAS A CONFIDENTIAL SEVERANCE AGREEMENT. THE TERMS OF THE AGREEMENT IS AVAILABLE TO THE IRS UPON REQUEST. |
| PART I, LINE 7 | LORNE BUCHMAN RECEIVES A DISCRETIONARY BONUS. IT IS DETERMINED BY THE BOARD OF TRUSTEES EACH YEAR BASED ON PROPOSED GOALS PROVIDED BY THE CEO/PRESIDENT IN OCTOBER EACH YEAR. THE GOALS MUST BE SPECIFIC, MEASURABLE AND ATTAINABLE, AND INCLUDE GOALS RELATING TO FISCAL MANAGEMENT OF ART CENTER. IT IS BASED ON THE BOARD OF TRUSTEE'S ASSESSMENT OF MEETING THE GOALS SET. THE BONUS AMOUNT REPORTED ON THE CURRENT YEAR RETURN IS COMPRISED OF TWO PAYMENTS, ONE FOR FISCAL YEAR 2010 AND ONE FOR FISCAL YEAR 2011. DUE TO TIMING OF THE PAYMENTS BOTH OF THEM WERE MADE IN THE YEAR REPORTED ON THIS RETURN. |
Schedule K IRS990ScheduleK
Form990 Schedule K Part I Form990ScheduleKPartI (2 entries)
| Issuer EINIssuerEIN | CUSIP NumberCUSIPNumber | Date IssuedDateIssued | Issue PriceIssuePrice | Description Of PurposeDescriptionOfPurpose | DefeasedDefeased | On Behalf Of IssuerOnBehalfOfIssuer | Pool FinancingPoolFinancing |
|---|---|---|---|---|---|---|---|
| CALIFORNIA EDUCATIONAL FACILITIES AUTHORITY | |||||||
| 521705592 | 130178TR7 | 2009-08-13 | 9940000 | CONSTRUCT SOUTH CAMPUS CLASSROOMS; REFINANCE EXISTING TAXABLE LOAN | 0 | 0 | 0 |
| CALIFORNIA EDUCATIONAL FACILITIES AUTHORITY | |||||||
| 521705592 | 130178K54 | 2012-02-07 | 20000000 | ACQUISITION, CONSTRUCTION, IMPROV. AND/OR EQUIPPING OF EDUC. FACILITIES. | 0 | 0 | 0 |
Form990 Schedule K Part II Form990ScheduleKPartII (2 entries)
| Total ProceedsTotalProceeds | Issuance Costs From ProceedsIssuanceCostsFromProceeds | Credit EnhancementCreditEnhancement | Capital ExpendituresCapitalExpenditures | Year Of Subst CompletionYearOfSubstCompletion | Current RefundingCurrentRefunding | Advance RefundingAdvanceRefunding | Final Allocation MadeFinalAllocationMade | Adequate Books And Recds MaintaindAdequateBooksAndRecdsMaintaind | Amount In Reserve FundAmountInReserveFund | Capitalized InterestCapitalizedInterest |
|---|---|---|---|---|---|---|---|---|---|---|
| 9940000 | 198800 | 27504 | 3731600 | 2009 | 1 | 0 | 1 | 1 | ||
| 20000000 | 316000 | 100000 | 7472000 | 0 | 0 | 0 | 1 | 13534000 | 133200 |
Form990 Schedule K Part III Form990ScheduleKPartIII (2 entries)
| Owning Bond Financed PropertyOwningBondFinancedProperty | Any Lease ArrangementsAnyLeaseArrangements | Mngment Cntrct Bond Financd PrprtyMngmentCntrctBondFinancdPrprty | Any Research AgreementsAnyResearchAgreements | Prcntge Prvt Business Use By OthersPrcntgePrvtBusinessUseByOthers | Percentage Of Prvt Business Re UBIPercentageOfPrvtBusinessReUBI | Total Private Business UseTotalPrivateBusinessUse | Post Issuance Compliance ProcdrsPostIssuanceComplianceProcdrs |
|---|---|---|---|---|---|---|---|
| 0 | 0 | 0 | 0 | 0.00000 | 0.00000 | 0.00000 | 1 |
| 0 | 0 | 0 | 0 | 0.00000 | 0.00000 | 0.00000 | 1 |
Form990 Schedule K Part IV Form990ScheduleKPartIV (2 entries)
| Form8038 T FiledForm8038TFiled | Variable Rate IssueVariableRateIssue | Hedge Identified In Books And RecdsHedgeIdentifiedInBooksAndRecds | Term Of HedgeTermOfHedge | Superintegrated HedgeSuperintegratedHedge | Hedge TerminatedHedgeTerminated | Gross Proceeds Invested In GICGrossProceedsInvestedInGIC | Gross Proceeds InvestedGrossProceedsInvested | Exception To RebateExceptionToRebate |
|---|---|---|---|---|---|---|---|---|
| WELLS FARGO BANK | ||||||||
| 0 | 1 | 1 | 30.250000000000 | 0 | 0 | 0 | 0 | 0 |
| WELLS FARGO BANK | ||||||||
| 0 | 1 | 1 | 28.500000000000 | 0 | 0 | 0 | 0 | 0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Fed Tax Requirements Compliance | X | FedTaxRequirementsCompliance |
Form990 Schedule K Part VI Form990ScheduleKPartVI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | PART I, COL A(F) | Identifier |
| Explanation | BOND PROCEEDS WERE USED, IN PART, TO REFINANCE A TAXABLE LOAN THAT WAS USED TO CONSTRUCT CLASSROOMS, GALLERIES, STUDIO SPACE AND ADMINISTRATIVE OFFICE ON THE COLLEGE'S SOUTH CAMPUS. IN ADDITION, THE COLLEGE USED A PORTION OF THE PROCEEDS TO REIMBURSE EXPENDITURES RELATED TO THE COMPLETION OF SEVERAL RENOVATION PROJECTS ON THE SOUTH CAMPUS. THE COLLEGE'S SOUTH CAMPUS IS IN A FORMER INDUSTRIAL ZONE NOW DESIGNATED BY THE CITY OF PASADENA FOR RESEARCH, MEDICAL AND EDUCATIONAL USES AND THE BUILDING AMONG THE FIRST LEED CERTIFIED BUILDINGS IN THE CITY. | Explanation |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (6 entries)
| Return ReferenceReturnReference | ExplanationExplanation | IdentifierIdentifier |
|---|---|---|
| FORM 990, PART VI, SECTION A, LINE 4 | THE FOLLOWING ARE DESCRIPTIONS OF AMENDMENTS TO THE BYLAWS THAT WERE APPROVED BY THE BOARD BETWEEN 7/1/11-6/30/12: 1) 40% QUORUM REDUCTION - REDUCED THE NUMBER OF TRUSTEES REQUIRED TO CONSTITUTE A QUORUM AT BOARD AND BOARD COMMITTEE MEETINGS FROM A MAJORITY (MORE THAN 50%) TO 40% UNTIL THE DAY AFTER THE FIRST BOARD OF TRUSTEES' MEETING IN 2013. [APPROVED BY THE BOARD ON 1/20/12] 2) INCREASE THE NUMBER OF TRUSTEES ALLOWED ON THE BOARD - EXPANDED THE NUMBER OF TRUSTEES ALLOWED ON THE BOARD FROM A MINIMUM OF 11 AND A MAXIMUM OF 27 TO A MINIMUM OF 5 AND A MAXIMUM OF 35 (INCLUDING THE PRESIDENT). [APPROVED BY THE BOARD ON 6/22/12] | |
| FORM 990, PART VI, SECTION B, LINE 11 | THE FORM 990 IS REVIEWED FIRST BY THE CONTROLLER AND THE CHIEF FINANCIAL OFFICER. IT IS THEN REVIEWED BY THE AUDIT COMMITTEE OF THE BOARD OF TRUSTEES AND AN ELECTRONIC COPY IS MADE AVAILABLE TO THE FULL BOARD OF TRUSTEES PRIOR TO FILING WITH THE IRS. | |
| FORM 990, PART VI, SECTION B, LINE 12C | THE COLLEGE'S CONFLICT OF INTEREST POLICY COVERS ALL TRUSTEES, OFFICERS, MEMBERS OF MANAGEMENT AND COMMITTEE MEMBERS. EACH COVERED PERSON MUST ATTEST ANNUALLY THAT THEY ARE IN COMPLIANCE WITH THE POLICY. THE STATEMENTS ARE REVIEWED EACH YEAR BY THE AUDIT COMMITTEE. THE GOVERNANCE COMMITTEE DETERMINES IF CONFLICT EXISTS. ANY TRANSACTION IN WHICH A CONFLICT MAY EXIST MUST BE APPROVED BY THE BOARD OF TRUSTEES. ANY PERSON WITH A CONFLICT MAY NOT PARTICIPATE IN THE BOARDS DELIBERATIONS OR VOTE WITH REGARD TO THE TRANSACTION. | |
| FORM 990, PART VI, SECTION B, LINE 15 | A) PRESIDENT AND CEO - THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES REVIEWS COMPARABLE DATA FROM A VARIETY OF SOURCES AND INCLUDES RESEARCH AND ADVICE FROM ONE OR MORE INDEPENDENT COMPENSATION CONSULTANTS AND ATTORNEYS. THE EXECUTIVE COMMITTEE THEN MAKES A RECOMMENDATION TO THE FULL BOARD OF TRUSTEES FOR APPROVAL. B) OFFICERS AND OTHER KEY EMPLOYEES - THE PRESIDENT SETS THE SALARIES FOR THESE POSITIONS USING COMPARABLE DATA STUDIES. COMPENSATION FOR PRESIDENT, OTHER OFFICERS, AND KEY EMPLOYEES IS REVIEWED ON AN ANNUAL BASIS. | |
| FORM 990, PART VI, SECTION C, LINE 19 | ARTICLES OF INCORPORATION, BYLAWS, CONFLICT OF INTEREST POLICY AND AUDITED FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. | |
| FORM 990, PART XI, LINE 5: | NET UNREALIZED LOSSES ON INVESTMENTS: -1,922,768. LOSS ON INTEREST SWAP -6,000,097. ACTUARIAL ADJUSTMENT -239,460. TOTAL TO FORM 990, PART XI, LINE 5: -8,162,325. | CHANGES IN NET ASSETS OR FUND BALANCES: |