2012-10-26T12:20:37-05:00 2012-06-30 HOWLAND & NORRIS CPA'S 401 W CAPITOL SUITE 501 LITTLE ROCK AR 72201 990 2011-07-01 710236867 UNIVERSITY OF THE OZARKS UNIV 4799791000 415 N COLLEGE AVE CLARKSVILLE AR 728302880 JEFF SCACCIA 4799791000 2012-10-23 true DAVID CHAPPELL 5013723112 2012-10-26 2011 2016-02-24 21:20:13Z RICK NIECE 415 N COLLEGE AVE CLARKSVILLE AR 728302880 70954057 false X WWW.OZARKS.EDU X 1852 AR TO PROVIDE POST-SECONDARY EDUCATION 25 25 659 40 0 2166501 2708758 13966758 14798221 5792100 4750758 2363776 2490822 24289135 24748559 7469557 8295362 0 11066095 11033348 3662 1820 1104074 5852475 6153487 24391789 25484017 -102654 -735458 130396839 124035924 3548619 3590737 126848220 120445187 TO PROVIDE POST-SECONDARY EDUCATION false false 21351478 8295362 14798221 EDUCATIONAL SERVICES - PROVIDED EDUCATIONAL COURSES TO AN AVERAGE ENROLLMENT OF 596 FULL-TIME EQUIVALENT STUDENTS. 21351478 true true false false false false false true false true true true false false true true true false true false false false false false false false false false true true true false false false false false false false false false false true false false false false true false false false false true 40 0 true 659 true false false false false false false false false false false X 25 25 false false true false false false false true true false false false true true true true true true true false X JEFF SCACCIA 4799791207 415 N COLLEGE AVE CLARKSVILLE AR 72830 CHRIS ALLEN X 0 0 0 KIM BEHREND X 0 0 0 SYLVESTER BENSON X 0 0 0 DOUG BLACK X 0 0 0 JIM BRUNING X 0 0 0 ALLYN DONAUBAUER X 0 0 0 JANET DRUMMOND X 0 0 0 SUSAN SMITH EPPERSON X 0 0 0 JOHN KING X 0 0 0 DARBY LOGAN X 0 0 0 ANN FILYAW X 0 0 0 JACK PATTERSON X 0 0 0 WILLIAM RAIL X 0 0 0 IVAN QUANT X 0 0 0 DAVID RAWHOUSER X 0 0 0 RALPH SCOTT X 0 0 0 JUDY BOREHAM X 0 0 0 SUE TULL X 0 0 0 DENTON TUMBLESON X 0 0 0 HARVE TAYLOR X 0 0 0 DUDLEY VILES X 0 0 0 JUDY BORCK X 0 0 0 LAURIE FISHER X 0 0 0 SUE FRUEAUFF X 0 0 0 SUSAN PINSON X 0 0 0 RICK NIECE 40.00 X 264900 0 97673 STEVE EDMISTEN 40.00 X 159505 0 15833 DAN TADDIE 40.00 X 143575 0 14559 KIM MYRICK 40.00 X 124848 0 13061 DARRELL WILLIAMS 40.00 X 122767 0 12894 JEFF SCACCIA 40.00 X 114444 0 12229 930039 166249 6 false true false ARAMARK CAMPUS SERVICES 415 N COLLEGE AVENUE CLARKSVILLE AR 72830 FOOD SERVICE 1167705 JAMES H CONE 10411 W MARKHAM SUITE 300 LITTLE ROCK AR 72205 CONSTRUCTION 578285 RUFFALO CODY 1075 N JUDGE ELY BLVD PMB 151 ABILENE TX 79601 ENROLL STRATEGY 186001 JAY S STANLEY & ASSOCIATES 5313 MCCLANAHAN G5 NORTH LITTLE ROCK AR 72116 CONSTRUCTION 166258 LCG ASSOCIATES 400 GALLERIA PARKWAY ATLANTA GA 30339 INVESTMENT MGR 125000 5 23000 372212 2313546 145480 2708758 STUDENT TUITION AND FEES 900099 14798221 14798221 14798221 1430859 1430859 990612 990612 1318495 531272 787223 787223 787223 47792939 28301 44486654 14687 3306285 13614 3319899 3319899 1573805 1172885 400920 400920 MISCELLANEOUS - EXCLUDED 178585 178585 MISCELLANEOUS - EXEMPT 133482 133482 312067 24748559 15332623 6707178 8295362 8295362 1045771 869779 175992 7756094 6747783 450130 558181 1103797 939448 81259 83090 540689 499383 37293 4013 586997 456976 82662 47359 128813 72674 56139 59750 59750 1820 1820 315459 247311 5319 62829 699692 289604 366621 43467 252786 252786 1095288 992388 89418 13482 342598 314432 16759 11407 113460 113460 1366067 1237728 111524 16815 234670 212623 19158 2889 MISCELLANEOUS 708339 397518 310321 500 EQUIPMENT RENTAL & MAINT 372279 242910 114536 14833 PROVISION FOR BAD DEBTS 203737 203737 ATHLETICS 144436 144436 116113 8116 40600 67397 25484017 21351478 3028465 1104074 X 38793 35464 6480949 3272582 485280 323806 718576 749418 1956130 2504982 51402668 23666474 27084446 27736194 92950115 60854504 227034 28114117 455516 444857 130396839 124035924 1416767 1473276 134475 175617 1550624 1488486 211000 264000 235753 189358 3548619 3590737 X 24558675 23598206 24669966 22330306 77619579 74516675 126848220 120445187 130396839 124035924 X -735458 -5667575 X false true true X true true X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false false false false 249909 249909 X X false false false 92251795 289914 -1624963 -499742 -2715954 -162606 87538444 78670541 659154 17411831 -919702 -3398439 -171590 92251795 72635220 871793 9460546 -679679 -3515504 -101835 78670541 68040212 15525273 -6457531 -646198 -3700958 -125578 72635220 0.01390 0.81670 0.16940 false false false 514594 715258 1229852 38712257 14443312 24268945 9177533 7872210 1305323 2283026 1350952 932074 27736194 INTERNATIONAL EQUITY FUNDS 11213983 F EQUITY INDEX FUNDS 9908712 F HEDGE FUNDS 4044196 F FIXED INCOME FUNDS 1874702 F REAL ESTATE FUNDS 923907 F MINERAL INTERESTS 137367 F COMMODITY FUNDS 11250 F 28114117 DEPOSITS HELD IN CUSTODY FOR OTHERS 189358 LEASE OBLIGATION 189358 24748559 25484017 -735458 -5667575 -5667575 -6403033 12825006 -5667575 -7960135 -13627710 26452716 -1704157 -1704157 24748559 19228039 1704157 1704157 17523882 7960135 7960135 25484017 COLLECTIONS AND RELATION TO EXEMPT PURPOSE SCHEDULE D, PAGE 2, PART III, LINE 4 ROCK & MINERAL COLLECTION - ENHANCES SCIENCE CLASS EDUCATION (SPECIFICALLY GEOLOGY) WATERCOLOR PAINTING COLLECTION - ENHANCES THE LEARNING ENVIRONMENT OF ART STUDENTS AND SERVES AS AN EXAMPLE OF WHAT CAN BE CREATED PFEFFER COLLECTION - ENHANCES THE LEARNING ENVIRONMENT OF ART AND HISTORY STUDENTS AND A GREAT EXAMPLE OF FINE ART INTENDED USES FOR ENDOWMENT FUNDS SCHEDULE D, PAGE 2, PART V, LINE 4 ENDOWMENT FUNDS ARE USED TO PROVIDE SCHOLARSHIPS, PROFESSORSHIPS, AND MAINTENANCE OF CAMPUS FACILITIES. LIABILITY UNDER FIN 48 FOOTNOTE SCHEDULE D, PAGE 3, PART X THE UNIVERSITY OF THE OZARKS IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. PRIOR TO JUNE 30, 2012, NO FORM 990-T HAS BEEN FILED DUE TO LACK OF UNRELATED BUSINESS INCOME, THEREFORE, ALL TAX YEARS REMAIN OPEN TO EXAMINATION BY THE FEDERAL AND STATE TAXING JURISDICTIONS TO WHICH THE UNIVERSITY IS SUBJECT. THE UNIVERSITY HELD NO UNCERTAIN TAX POSITIONS AT JUNE 30, 2012. ACCORDINGLY, THE UNIVERSITY DOES NOT HAVE ANY INTEREST OR PENALTIES RELATED TO UNCERTAIN TAX POSITIONS, SUCH AMOUNTS, IF INCURRED, WOULD BE RECOGNIZED IN INCOME TAX EXPENSE AND ACCRUED INCOME TAXES PAYABLE. RECONCILIATION OF CHANGES - OTHER SCHEDULE D, PAGE 4, PART XI, LINE 8 SCHOLARSHIP ALLOWANCE -7,479,680 WISP SCHOLARSHIP ALLOWANCE -480,455 RENTAL EXPENSE 531,272 BOOKSTORE EXPENSES 11,500 FOOD SERVICE COST 1,161,385 RENTAL EXPENSE -531,272 FOOD SERVICE COST -1,161,385 BOOKSTORE EXPENSE -11,500 SCHOLARSHIP ALLOWANCE 7,479,680 WISP SCHOLARSHIP ALLOWANCE 480,455 REVENUE AMOUNTS INCLUDED IN FINANCIALS - OTHER SCHEDULE D, PAGE 4, PART XII, LINE 2D SCHOLARSHIP ALLOWANCE -7,479,680 WISP SCHOLARSHIP ALLOWANCE -480,455 REVENUE AMOUNTS INCLUDED ON RETURN - OTHER SCHEDULE D, PAGE 4, PART XII, LINE 4B RENTAL EXPENSE -531,272 BOOKSTORE EXPENSES -11,500 FOOD SERVICE COST -1,161,385 EXPENSE AMOUNTS INCLUDED IN FINANCIALS - OTHER SCHEDULE D, PAGE 4, PART XIII, LINE 2D RENTAL EXPENSE 531,272 FOOD SERVICE COST 1,161,385 BOOKSTORE EXPENSE 11,500 EXPENSE AMOUNTS INCLUDED ON RETURN - OTHER SCHEDULE D, PAGE 4, PART XIII, LINE 4B SCHOLARSHIP ALLOWANCE 7,479,680 WISP SCHOLARSHIP ALLOWANCE 480,455 true true true true true true true false false false false false false false false true false true FINANCIAL AID OR GOVERNMENT ASSISTANCE EXPLANATION SCHEDULE E LINE 6 THE UNIVERSITY RECEIVED FUNDS FROM THE US DEPARTMENT OF EDUCATION SEOG TEACH AND PELL GRANTS PERKINS LOANS COLLEGE WORK STUDY FUNDS AND FEDERAL DIRECT LOANS ARE RECEIVED TO ENABLE THE UNIVERSITY TO PROVIDE FINANCIAL ASSISTANCE TO STUDENTS ATTENDING THE UNIVERSITY FUNDS WERE RECEIVED FROM THE SPECIAL SERVICES FOR DISADVANTAGED STUDENTS PROGRAM UNDER TITLE IV THOSE FUNDS COVERED THE EXPENSES OF THE UNIVERSITYS STUDENT SUPPORT PROGRAM true STUDENT FINANCIAL AID 552 335228 7960134 N/A TUITION & FEES PROCEDURES FOR MONITORING THE USE OF GRANT FUNDS INSIDE THE UNITED STATES SCHEDULE I, PAGE 1, PART I, LINE 2 THE GRANTS (SCHOLARSHIPS) MADE BY THE UNIVERSITY ARE A REDUCTION OF THE TUITION AND FEES PAID BY THE STUDENT TO THE SCHOOL. GRANT FUNDS ARE NOT SENT TO OUTSIDE ENTITIES. X true true X X X X X false true false false false false false false false RICK NIECE 264900 75000 22673 362573 STEVE EDMISTEN 159505 15833 175338 DAN TADDIE 143575 14559 158134 FRINGE OR EXPENSE EXPLANATION SCHEDULE J, PAGE 1, PART I, LINE 1A AS A REQUIREMENT OF HIS EMPLOYMENT, RICK NIECE, PRESIDENT OF THE UNIVERSITY, IS PROVIDED AN ON-CAMPUS RESIDENCE FOR PERSONAL USE. THIS BENEFIT WAS NOT INCLUDED AS TAXABLE COMPENSATION TO THIS INDIVIDUAL. SEVERANCE, NONQUALIFIED, AND EQUITY-BASED PAYMENTS SCHEDULE J, PAGE 1, PART I, LINE 4 RICK NIECE 0 75,000 0 CITY OF CLARKSVILLE ARKANSAS 300632068 2010-06-01 1665000 AQUIRE, CONSTRUCT, AND FURNISH BUILDINGS ON CAMPUS. false false false 1657701 124000 29138 1504563 2012 false false true true false false false false false false true false false false false false false X 10 145480 MKT VALUE ON DATE OF GIFT false false false SIGNIFICANT CHANGES TO ORGANIZATIONAL DOCUMENTS FORM 990, PAGE 6, PART VI, LINE 4 THE NUMBER OF MEMBERS OF THE BOARD OF TRUSTEES WAS REDUCED FROM 33 TO BETWEEN 21 AND 27. ADDITIONALLY, THE REQUIREMENT THAT 2 BOARD MEMBERS BE ALUMNI OF THE UNIVERSITY WAS REMOVED. ORGANIZATION'S PROCESS USED TO REVIEW FORM 990 FORM 990, PAGE 6, PART VI, LINE 11B THE FORM 990 IS PREPARED BY THE UNIVERSITY'S ACCOUNTANTS AND REVIEWED BY THE CFO AND BUSINESS MANAGER. THE FORM 990 IS ALSO PROVIDED TO THE UNIVERSITY'S EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES FOR REVIEW AND APPROVAL PRIOR TO ITS FILING. ENFORCEMENT OF CONFLICTS POLICY FORM 990, PAGE 6, PART VI, LINE 12C THE UNIVERSITY MONITORS AND ENFORCES THE WRITTEN CONFLICT OF INTEREST POLICY BY REQUESTING EACH DIRECTOR AND OFFICER TO SIGN A STATEMENT THAT THEY HAVE RECEIVED, READ, UNDERSTAND, AND AGREE TO COMPLY WITH THE CONFLICT OF INTEREST POLICY. COMPENSATION PROCESS FOR TOP OFFICIAL FORM 990, PAGE 6, PART VI, LINE 15A THE PROCESS FOR DETERMINING THE COMPENSATION OF THE UNIVERSITY'S CEO IS AS FOLLOWS: THE UNIVERSITY'S EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES ACCUMULATES INFORMATION AS NEEDED FROM VARIOUS SOURCES INSIDE AND OUT OF THE UNIVERSITY. THIS INFORMATION IS THEN USED TO SET THE SALARY AND CONTRACT TERMS OF THE PRESIDENT. COMPENSATION PROCESS FOR OFFICERS FORM 990, PAGE 6, PART VI, LINE 15B THE PROCESS FOR DETERMINING THE COMPENSATION OF THE UNIVERSITY'S OFFICERS IS AS FOLLOWS: OFFICERS OF THE UNIVERSITY ARE SUBJECT TO AN ANNUAL REVIEW WITH THE PRESIDENT AT WHICH TIME THE TERMS AND CONDITIONS OF THEIR EMPLOYMENT ARE REVIEWED AS WELL. INDUSTRY SALARY SURVEYS AND REPORTS ARE REVIEWED ON A REGULAR BASIS BY THE CEO, CFO, AND BUSINESS MANAGER. GOVERNING DOCUMENTS DISCLOSURE EXPLANATION FORM 990, PAGE 6, PART VI, LINE 19 REQUESTS FOR REVIEW OF GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICIES, AND FINANCIAL STATEMENTS ARE EVALUATED ON A CASE BY CASE BASIS UPON RECEIPT. IF DEEMED NECESSARY, DOCUMENTS WILL BE PROVIDED TO THOSE REQUESTING THE INFORMATION. OTHER CHANGES IN NET ASSETS EXPLANATION FORM 990, PART XI, LINE 5 OTHER CHANGE CONSISTS OF UNREALIZED LOSS ON INVESTMENTS UNIV OF THE OZARKS ALUMNI ASSOC 415 NORTH COLLEGE AVENUE CLARKSVILLE AR 72830 237092414 ALUMNI AR 501C3 11D NA false false false true false false false false false false false true false true true false false false false