2012-11-15T12:34:14-06:00 2012-06-30 ERNST & YOUNG US LLP 75 BEATTIE PLACE SUITE 800 GREENVILLE SC 29601 990 2011-07-01 590859121 ECKERD COLLEGE INC % CHRISTOPHER P BRENNAN ECKE 7278671166 4200 54TH AVENUE SOUTH ST PETERSBURG FL 33711 CHRISTOPHER P BRENNAN 2012-11-14 8642425740 2011 2016-02-24 21:20:13Z Donald R Eastman III 4200 54th Avenue S St Petersburg FL 33711 96920035 false X WWW.ECKERD.EDU X 1962 FL TO PROVIDE AN UNDERGRADUATE, LIBERAL ARTS EDUCATION AND LIFELONG LEARNING PROGRAMS WITHIN THE CONTEXT OF A STRONG RELATIONSHIP WITH THE PRESBYTERIAN CHURCH. 26 25 1580 237 536979 24868 24878175 7032028 83810363 87796706 1064192 1502445 364194 344613 110116924 96675792 23855273 25447439 0 0 31137228 31970508 76748 34613 1544567 35319922 35017182 90389171 92469742 19727753 4206050 177230262 179469145 45785088 46687203 131445174 132781942 X TO PROVIDE AN UNDERGRADUATE, LIBERAL ARTS EDUCATION AND LIFELONG LEARNING PROGRAMS IN THE UNIQUE FLORIDA ENVIRONMENT, WITHIN THE CONTEXT OF A COVENANT RELATIONSHIP WITH THE PRESBYTERIAN CHURCH (U.S.A.). THE COLLEGE EXPECTS ITS STUDENTS TO ACQUIRE A BROAD KNOWLEDGE OF PAST AND PRESENT HUMAN CULTURES AND OF THE RICH AND VARIED PERSPECTIVES OF DIFFERENT ACADEMIC AREAS. THE COLLEGE EXPECTS ITS STUDENTS TO ENGAGE INTELLECTUALLY WITH THE ENDURING QUESTIONS OF PURPOSE, VALUE, AND MEANING AND TO REFLECT SERIOUSLY ON THE SPIRITUAL DIMENSION OF HUMAN EXISTENCE. THE COLLEGE EXPECTS ITS STUDENTS TO ACQUIRE THE INTELLECTUAL DEPTH APPROPRIATE TO A BACCALAUREATE EDUCATION IN A SINGLE DISCIPLINE OR SUBJECT, INCLUDING MASTERY OF A PARTICULAR BODY OF KNOWLEDGE AND AN UNDERSTANDING OF ITS PRINCIPAL MODES OF INQUIRY. THE COLLEGE EXPECTS ITS STUDENTS TO DEEPEN THEIR AWARENESS AND COMPREHENSION OF TWO CENTRAL ISSUES: SUSTAINING THE NATURAL ENVIRONMENT, AND FOSTERING CROSS-CULTURAL UNDERSTANDING AND RESPECT false false 52733416 25416058 74717730 INSTRUCTION AND SCHOLARSHIPS TO/FOR STUDENTS - INCLUDES TRADITIONAL STUDENTS AS WELL AS RETURNING ADULT STUDENTS OVER THE AGE OF 23. RESIDENTIAL STUDENTS come FROM 47 STATES AND 33 COUNTRIES. Students can choose from 38 MAJORS in the residential program and 7 majors in the Program for Experienced Learners or design their own interdisciplinary concentrations. All programs lead TO A BACHELOR OF ARTS OR BACHELOR OF SCIENCE DEGREE. ATTENDING ECKERD COLLEGE DURING THE 2011/12 ACADEMIC YEAR WERE 2,346 FULL-TIME AND PART-TIME DEGREE-SEEKING STUDENTS. FOR INFORMATION ABOUT MAJORS & MINORS VISIT WWW.ECKERD.EDU/ACADEMICS OR WWW.ECKERD.EDU/ADMISSIONS FOR SCHOLARSHIP INFORMATION. 12550571 STUDENT SERVICES - PROVIDE SERVICES TO STUDENTS APART FROM instruction such as admissions, financial aid, student activities, athletics and more. Approximately 96% of Eckerd College beginning undergraduate students receive financial assistance as a result of the efforts of the financial aid office. The College's students have access to many services including the fitness center, the outdoor pool, men's and women's sports, student government, student media (Radio, TV and newspaper) and registered student clubs and organizations. More information is available about Eckerd College athletics and clubs at www.eckerd.edu/athletics and www.eckerd.edu/campuslife. 11272820 13078976 AUXILIARY SERVICES - HOUSING, FOOD SERVICE AND OTHERS. WITH OVER 1,400 students living in the residence halls, Eckerd College offers residence halls that range from traditional rooms with a shared common area to apartment style suites. Food services are provided by a third party management company that operates several locations across Eckerd's main campus. More information is available at www.eckerd.edu. 3822040 31381 80378847 true true false true false false false false false true true true false false true true true true true true true false false true true false false true true true true false false false false false true false false false false true false false false true true true false false false true 3444 0 true 1580 true true true true UK false false false true true true 8 false false true false X 26 25 false false false false false false false true true false false true true true true true true true true false AK AZ AR CO DC FL KY ME MD MA MI MS NH SC WA WI X CHRISTOPHER P BRENNAN 7278648122 4200 54TH AVE S St Petersburg FL 33711 Payton F Adams 1.0 X 0 0 0 Ronice Barlow 1.0 X 0 0 0 Louie Buntin 1.0 X 0 0 0 Miles C Collier 1.0 X X 0 0 0 Raul de Quesada 1.0 X 0 0 0 Jeffrey A Dodge 1.0 X 0 0 0 Karen Brown Dunlap 1.0 X 0 0 0 John G Finneran Jr 1.0 X 0 0 0 James C Flagg 1.0 X 0 0 0 Ronald H Francis 1.0 X 0 0 0 Ian PJohnson 1.0 X 0 0 0 Michael C Markovitz 1.0 X 0 0 0 Mary E Miller 1.0 X 0 0 0 Helmar Nielson 1.0 X 0 0 0 George W Off 1.0 X 0 0 0 John B Phelps III 1.0 X 0 0 0 Fred Razook 1.0 X 0 0 0 William R Ripberger 1.0 X 0 0 0 PN Risser III 1.0 X 0 0 0 John R Saunders 1.0 X 0 0 0 Susan Russ Walker 1.0 X 0 0 0 George A Wardman 1.0 X 0 0 0 David L Warren 1.0 X 0 0 0 Jean Giles Wittner 1.0 X 0 0 0 Grover C Wrenn Jr 1.0 X X 0 0 0 Donald R Eastman III 50.0 X X 458699 0 105677 Lisa A Mets 50.0 X 120626 0 27067 Christopher P Brennan 50.0 X 125906 0 34667 Betty H Stewart 50.0 X 165530 0 27512 Matthew S Bisset 50.0 X 189788 0 31110 George P Meese 50.0 X 172500 0 33668 Sandra A Harris 50.0 X 140006 0 19552 James E Deegan 50.0 X 138835 0 28852 James J Annarelli 50.0 X 132519 0 60154 John F Sullivan 50.0 X 122072 0 19935 1766481 0 388194 21 false true false CANNON DESIGN PO BOX 10006 NEW YORK NY 102590006 ARCHITECTS 2300904 UNICCO SERVICE COMPANY 4002 SOLUTIONS CENTER CHICAGO IL 606774000 FACILITIES MGMT 867238 THE MV GROUP INC PO BOX 46785 ST PETERSBURG FL 33741 PLAN & CONST SVCS 296150 ANDERSON LANE INC 2750 N MCMULLEN BOOTH RD STE 104 CLEARWATER FL 33761 SITE DESIGN 238018 ERNST YOUNG LLP PO BOX 406725 ATLANTA GA 30384 ACCOUNTANTS 166125 8 87389 1496722 5447917 208194 7032028 TUITION AND FEES 611600 67625739 67625739 AUXILIARY SERVICES 611710 13078976 13078976 CONTINUING EDUCATION 611600 7091991 6553628 538363 87796706 1490608 1490608 0 0 147257 64850 145320 54950 1937 9900 11837 11837 27172 87389 43973 -16801 -16801 2550 2550 2550 0 Other - Misc 900099 360248 360248 Partnership Unrelated Business Income 525990 -1384 -1384 358864 96675792 87258343 536979 1848442 31381 31381 25416058 25416058 0 0 1214881 187625 802655 224601 0 22648024 19508451 2442700 696873 1781154 1513000 210632 57522 4604414 3033921 1422487 148006 1722035 1464375 191600 66060 10974 10974 88743 403 88340 214725 214725 67439 67439 34613 34613 74717 74717 984988 559003 425514 471 474840 449703 22987 2150 2190923 1470340 651132 69451 960159 207202 752204 753 139146 139146 9114383 7483200 1631183 2296201 2155497 70816 69888 0 415832 315945 88967 10920 2029008 2004210 24798 0 4148836 3795788 353048 570510 21684 548826 INSTRUCTIONAL SUPPLIES & EXP 6638830 6284906 282692 71232 FOOD SERVICES 4276075 4145418 101572 29085 BUILDING & GROUNDS SERVICES 189946 87957 101989 DONOR RELATIONS 130907 36195 31770 62942 92469742 80378847 10546328 1544567 29290120 36750603 9047878 6453255 16711592 3159400 1773762 1424334 290022 281416 0 0 1474348 1365873 0 0 4655031 4304663 157235114 72908765 72062678 84326349 29471524 27379931 12218434 13819348 104800 73900 0 0 130073 130073 177230262 179469145 6207617 7978569 0 0 2490394 2721206 29270031 28430153 0 0 0 0 3244277 3142540 0 0 4572769 4414735 45785088 46687203 X 72190343 73340881 27009743 26811068 32245088 32629993 131445174 132781942 177230262 179469145 X 4206050 -2869282 X false true true X true true X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false false false false false false true 67439 false false 67439 false DIRECT CONTACT Schedule C Part II-B, Line 1g ECKERD COLLEGE USES THE SERVICES OF AN OUTSIDE CONSULTING FIRM TO CONDUCT lobbying activities for the college regarding higher education issues. 47474771 813035 -1073057 1946624 45268125 37814196 4389352 6720297 828815 620259 47474771 31384515 3519650 2910031 37814196 30753520 4509821 -3878826 31384515 0.31700 0.68300 false false 0 3349312 3349312 0 82015470 25887124 56128346 0 210131 156878 53253 0 44614257 41309062 3305195 0 27045944 5555701 21490243 84326349 HEDGE FOF AEW GLOBAL PROP 2284801 F HEDGE FOF ARCHIPELAGO/WELL 1516803 F HEDGE FOF ARCHSTONE OFFSHORE 2998153 F HEDGE FOF COLCHESTER GLOBAL 807402 F HEDGE FOF METROPOLITAN R/E 298417 F HEDGE FOF NYES LEDGE CAPITAL 3271088 F HEDGE FOF SANDERSON INT'L 2179571 F HEDGE FOF TIFF REALTY & RES 301411 F HEDGE FOF VIA ENERGY II, LP 161702 F 13819348 0 POST RETIRE BENEFIT & DEFERRED COMP 4414735 4414735 96675792 92469742 4206050 -2488948 -380334 -2869282 1336768 69814483 74717 74717 69739766 74717 26861309 26936026 96675792 67022940 67022940 74717 25372085 25446802 92469742 INTENDED USE OF ENDOWMENT FUNDS PART V, LINE 4 THE INTENDED USES OF THE ENDOWMENT FUNDS ARE FOR SCHOLARSHIPS, FACULTY, PROGRAM SUPPORT AND EQUIPMENT PURCHASES AND MAINTENANCE. ASC 740 (FIN 48) PART X, LINE 2 Accounting Standards Codification Topic 740 Accounting for Income Taxes (ASC 740) creates a single model to address uncertain income tax positions and clarifies the accounting for income taxes by prescribing a "more likely than not" minimum recognition threshold that a tax position is required to meet before being recognized in the consolidated financial statements. Under the requirements of ASC 740, tax-exempt organizations may be required to record an obligation as the result of a tax position they have historically taken on various tax exposure items. The adoption of ASC 740 had no impact on the consolidated financial statements. OTHER REVENUE ON AUDITED FINANCIAL STATEMENTS NOT ON RETURN PART XII, LINE 2D INVESTMENT FEES $74,717 AMOUNTS INCLUDED ON 990 BUT NOT ON LINE 1 PART XII, LINE 4B FUNDRAISING EXPENSES NETTED WITH REVENUE ON RETURN $(43,973) PARTNERSHIP UBI ( 1,384) SCHOLARSHIPS RECLASSED TO EXPENSES ON RETURN: 25,416,058 INVESTMENT RETURN AND REALIZED GAINS 1,490,608 ----------- $26,861,309 OTHER EXPENSES ON RETURN NOT ON AUDITED FINANCIAL STATEMENTS PART XIII, LINE 4B SCHOLARSHIPS RECLASSED TO EXPENSES ON RETURN $25,416,058 FUNDRAISING EXPENSES NETTED WITH REVENUE ON RETURN (43,973) ----------- $25,372,085 RECONCILATION OF CHANGE IN NET ASSETS FROM FORM 990 TO AUDITED FS PART IX, LINE 8 CHANGE IN VALUE OF SPLIT-INTEREST AGREEMENTS: $(192,749) PENSION-RELATED CHANGES (188,969) PARTNERSHIP UBI 1,384 --------- $(380,334) COLLEGE FUNDED SCHOLARSHIPS PART XII AND PART XIII COLLEGE FUNDED SCHOLARSHIPS ARE PRESENTED AS A CONTRA-REVENUE FOR FINANCIAL STATEMENT PURPOSES. true true true true true true true false false false false false false false false true false true SCHEDULE E PART I LINE 3 THE NONDISCRIMINATORY POLICY IS PUBLISHED IN A LOCAL NEWSPAPER. PART I LINE 6A THE COLLEGE RECEIVES GRANTS FOR STUDENTS AND PROFESSORS FROM FEDERAL, STATE AND LOCAL GOVERNMENT AGENCIES. Central America and the Caribbean 3 Program Services Instructional 110883 Central America and the Caribbean Investments 6269241 East Asia and the Pacific 1 Program Services Instructional 327005 Europe (including Iceland and Greenland) 1 2 Program Services Instructional 529019 Europe (including Iceland and Greenland) Investments 1516803 North America 1 Program Services Instructional 11687 South America 1 Program Services Instructional 347145 South Asia 1 Program Services Instructional 230636 Sub-Saharan Africa 1 Program Services Instructional 69623 1 10 1 10 9412042 9412042 true false false true false false RESIDENTIAL UNIT Part I, Line 3 Eckerd College maintains a residential unit in London to house students while attending college courses offered by the college. During FY12, the college housed 28 students at this location during the fall and spring semesters. Additionally, Eckerd College provides multiple opportunities for its students to complete some instruction in an international environment. The number of employees is computed on a FTE basis, rounded to whole numbers. X X X X X X X true RUFFALOCODY TELEPHONE FUNDRAISING false 31628 10433 21195 WITZELBEN ASSOCIATES CAMPAIGN CONSULTING false 24180 31628 34613 21195 AK AZ AR CO CT DC KY ME MD MA MI MN MS NH NY OH OK SC VA WA WI ATHLETIC AUC 38910 38910 144 500 260 FISHING TOURN 27524 17127 10397 576 1495 11064 3 48127 31352 16775 634 4627 12725 2950 8998 114561 87389 27172 1210 4627 14364 3450 20322 43973 -16801 true United Way of Tampa Bay Inc 5201 W Kennedy Blvd Tampa FL 33609 593725701 501(c)3 10000 General Support 1 ECKERD COLLEGE GRANTS 1507 16300627 HONORS SCHOLARSHIPS 98 194709 PRESIDENTIAL SCHOLARSHIPS 437 5533465 SPECIAL TALENT SCHOLARSHIPS 80 1428561 INSTITUTIONAL GRANTS 537 1540571 SEOG GRANTS 216 186186 CHURCH, CAMPUS, LETTER, OSHER & PEL SCHOLARSHIPS 96 231939 PART I, LINE 2 Description of Organization's Procedures for Monitoring the Use of Grants THE COLLEGE HAS DESIGNED AND IMPLEMENTED INTERNAL CONTROLS THAT INCLUDE FINANCIAL REPORTING AS WELL AS INTERNAL CONTROL OVER COMPLIANCE WITH REGULATIONS AND GRANT AGREEMENTS. INCLUDED IN THE INTERNAL CONTROL STRUCTURE IS A COMPREHENSIVE GRANTS AND CONTRACTS POLICY THAT PROVIDES THE ECKERD COLLEGE COMMUNTIY GUIDELINES FOR GRANTS RECORDKEEPING, REPORTING AND MANAGEMENT. THE FINANCIAL AID AND BUSINESS OFFICES HAVE PRIMARY ROLES IN THE MONITORING OF GRANT FUNDS WHICH INCLUDES PROCEDURES FOR FINANCIAL REPORTING, FUNDS REQUESTS, INVOICING, REIMBURSEMENTS, PROGRAM ACTIVITY OVERSIGHT, PURCHASES, CLOSE OUT AND POST AWARD COMPLIANCE. THE BUSINESS OFFICE COMMUNICATES DIRECTLY AND FREQUENTLY WITH FACULTY AND STAFF MEMBERS TO ENSURE COMPLIANCE WITH ALL COLLEGE POLICIES. THE COLLEGE IS ALSO SUBJECT TO EXTERNAL AUDITS WHICH ARE PERFORMED AT LEAST ANNUALLY. X X X X X true true X X X X X false true false false false false false false false Donald R Eastman III 416255 0 0 0 42444 0 24500 0 84584 0 567783 0 0 0 Christopher P Brennan 124796 0 0 0 1110 0 13400 0 20638 0 159944 0 0 0 Betty H Stewart 164492 0 0 0 1038 0 16706 0 12195 0 194431 0 0 0 Matthew S Bisset 153427 0 33990 0 2371 0 15825 0 16552 0 222165 0 0 0 George P Meese 37455 0 0 0 135045 0 25357 0 9054 0 206911 0 0 0 Sandra A Harris 29683 0 0 0 110323 0 14823 0 4890 0 159719 0 0 0 James E Deegan 136687 0 0 0 2148 0 14225 0 16905 0 169965 0 0 0 James J Annarelli 128942 0 0 0 3577 0 13200 0 48894 0 194613 0 0 0 Supplemental Compensation Information Part I, Line 1A THE COLLEGE PRESIDENT IS ALLOWED SOME FIRST CLASS TRAVEL FOR BUSINESS, BASED ON THE DURATION AND DESTINATION OF TRAVEL, WHICH IS SPECIFIED AS A BENEFIT WITHIN HIS EMPLOYMENT CONTRACT. SPOUSAL TRAVEL IS ALSO SPECIFIED IN THE PRESIDENT'S EMPLOYMENT CONTRACT WHICH ALLOWS FOR ONLY SUBSTANTIATED COLLEGE BUSINESS TO BE PAID BY THE COLLEGE. HOUSING, INCLUDING UTILITIES, IS ALSO PROVIDED TO THE PRESIDENT. AS A CONDITION OF HIS EMPLOYMENT, THE PRESIDENT IS REQUIRED TO LIVE WITHIN CLOSE PROXIMITY TO THE COLLEGE CAMPUS AND, AS SUCH, HOUSING IS CONSIDERED A WORKING CONDITION FRINGE. PERSONAL SERVICES IN THE FORM OF HOUSEKEEPING ARE PROVIDED WHEN COLLEGE EVENTS ARE HELD AT THE RESIDENCE. SOCIAL CLUB DUES WERE ALLOCATED BETWEEN PERSONAL AND BUSINESS USE FOR THE PRESIDENT, AS APPLICABLE. PROCESSES USED TO ESTABLISH THE COMPENSATION OF THE COLLEGE PRESIDENT Part I, Line 3 THE EXECUTIVE ASSESSMENT AND COMPENSATION COMMITTEE (EACC) OF THE COLLEGE'S BOARD OF TRUSTEES ANNUALLY REVIEWS THE PRESIDENT'S PERFORMANCE AND COMPENSATION. CHANGES TO THE PRESIDENT'S COMPENSATION ARE DETERMINED BY THE EACC AND REPORTED TO THE BOARD OF TRUSTEES. IN DETERMINING THE PRESIDENT'S COMPENSATION, THE COMMITTEE RETAINED THE SERVICES OF AN INDEPENDENT COMPENSATION CONSULTANT TO PREPARE A COMPENSATION STUDY OF COMPARABLE HIGHER EDUCATION INSTITUTIONS. THERE IS A WRITTEN EMPLOYMENT CONTRACT BETWEEN THE COLLEGE AND THE PRESIDENT. SUPPLEMENTAL NON-QUALIFIED RETIREMENT PLAN PART I, LINE 4B Two of the highest paid employees listed, George P. Meese and Sandra A. Harris, are retired faculty members who participated in a 457(F) non-qualified deferred compensation plan. The amounts in Schedule J, Part II, Column (B)(iii) which represent the amounts paid from the plan during calendar year 2011 are $134,048 for George P. Meese and $110,303 for Sandra A. Harris. These amounts are primarily the present value of the future deferred compensation and represent benefits which were earned over multiple years of service and vested upon retirement. PINELLAS COUNTY EDUCATIONAL FACILITIES 521411737 723161FK6 2006-05-18 31680245 SEE PART VI false false false 3190000 0 32963396 2288813 0 0 624061 3470023 0 14078029 10579373 123898 2008 true false true true false false true true false 0.00000 0.00241 0.00241 true false false false 0 false 0 false false X DESCRIPTION OF PURPOSE OF 2006 BOND ISSUE SCHEDULE K, PART I, COLUMN (F) THE PROCEEDS OF THE BOND ISSUE WERE USED FOR CAPITAL IMPROVEMENTS AND TO DEFEASE THE 1989, 1991 AND 1993 BONDS. ARBITRAGE SCHEDULE K, PART IV, COLUMN (A) THE 2011 5 YEAR ARBITRAGE CALCULATION DETERMINED THAT NO REBATE OR PENALTIES WERE DUE. CONSEQUENTLY, FORM 8038-T WAS NOT FILED IN 2011. Victoria baker def'd comp adv 457f X 53207 26519 false true true edmund gallizzi def'd comp adv 457f X 73435 35079 false true true david henderson def'd comp adv 457f X 50882 27166 false true true gerald junevicus def'd comp adv 457f X 54668 29259 false true true margarita lezcano def'd comp adv 457f X 63906 41977 false true true james macdougall def'd comp adv 457f X 67716 24879 false true true tom oberhofer def'd comp adv 457f X 68380 36090 false true true sandra harris def'd comp adv 457f X 34485 29076 false true true george meese def'd comp adv 457f X 40479 31371 false true true 281416 SUPPLEMENTAL INFORMATION SCHEDULE L, PART II Loans to Interested Persons from the College are tax advances related to retired faculty members who participated in a 457(f) non-qualified deferred compensation plan. The deferred compensation plan was curtailed in fiscal year 2008-09. Accordingly no new loans will be advanced, and the outstanding loans identified are being repaid to the College on a monthly basis from deferred compensation payments. SCHEDULE L, PART IV ECKERD COLLEGE, INC. IS THE SOLE MEMBER OF ECKERD COLLEGE REAL ESTATE, LLC. CONSEQUENTLY, THE OFFICERS AND TRUSTEES OF ECKERD COLLEGE, INC. OVERSEE THE INTERESTS OF ECRE, LLC. X 5 28400 other X 1 2500 sale comp property X 13 21153 sale comp property X 18 147291 cost/selling price X marine items 46 6043 other X miscellaneous items 7 7 other X vehicles - battery operated 1 2800 sale comp property false true false NUMBER OF CONTRIBUTIONS OR ITEMS CONTRIBUTED PART I, COLUMN B The number of contributions received is measured as the number of contributions, not the number of items contributed. OTHER PROGRAM SERVICES FORM 990, PART III, LINE 4D OTHER PROGRAM SERVICES EXPENSE INCLUDES ACADEMIC SUPPORT SERVICES AND RESEARCH. Process used by Management &/or Governing Body to Review 990 Form 990, Part VI, Question 11B THE AUDIT COMMITTEE OF THE ECKERD COLLEGE BOARD OF TRUSTEES IS CHARGED WITH REVIEWING AND APPROVING THE FORM 990 PRIOR TO ITS DISSEMINATION TO THE FULL BOARD AND PRIOR TO FILING. THE FORM 990 IS PREPARED BY THE COLLEGE'S BUSINESS OFFICE WITH THE ASSISTANCE OF THE INDEPENDENT TAX SERVICES PROVIDER. THE FORM, ALONG WITH SUPPORTING SCHEDULES AND STATEMENTS, IS REVIEWED AND APPROVED BY THE VICE PRESIDENT FOR BUSINESS AND FINANCE. THE INDEPENDENT TAX SERVICE PROVIDER THAT PREPARES THE FORM 990 ALSO PRESENTS THE FORM 990 TO THE AUDIT COMMITTEE AND PROVIDES AN OPPORTUNITY FOR COMMITTEE MEMBERS TO ASK QUESTIONS AND PROVIDE FEEDBACK ON THE CONTENTS OF THE FORM. Process to Monitor Transactions for Conflicts of Interest Form 990, Part VI, Question 12c ECKERD COLLEGE, INC. HAS INCLUDED ITS CONFLICT OF INTEREST POLICY IN ITS BY-LAWS TO ENSURE ALL MEMBERS OF THE ECKERD COLLEGE COMMUNITY ARE AWARE OF THE POLICY. THE AUDIT COMMITTEE IS CHARGED WITH MONITORING ADHERENCE TO THE COLLEGE'S CONFLICT OF INTEREST POLICY AND REPORTS ITS DETERMINATIONS TO THE EXECUTIVE COMMITTEE. THE MEMBERS OF THE BOARD OF TRUSTEES ANNUALLY PROVIDE A WRITTEN DISCLOSURE OF POTENTIAL CONFLICTS (IF ANY). IF, AT ANY TIME, A TRUSTEE BELIEVES THAT HE OR SHE MAY HAVE A CONFLICT OF INTEREST, THE TRUSTEE SHALL PROMPTLY AND FULLY DISCLOSE THE CONFLICT TO THE PRESIDENT OR THE CHAIR OF THE COMMITTEE ON TRUSTEESHIP. THE MINUTES OF A MEETING OF THE BOARD WHERE A DISCLOSURE OF A CONFLICT OR POSSIBLE CONFLICT OF INTEREST IS MADE WILL REFLECT THE DISCLOSURE AND THE TRUSTEE OR OFFICER ABSTAINING FROM THE CONSIDERATION OR VOTE ON THE MATTER. Process For Determining Compensation Form 990, Part VI, Line 15A & 15B THE BOARD OF TRUSTEES OF ECKERD COLLEGE HOLDS THE AUTHORITY TO APPOINT THE PRESIDENT OF THE COLLEGE. THE BOARD IS RESPONSIBLE FOR SETTING THE APPROPRIATE TERMS OF EMPLOYMENT, INCLUDING COMPENSATION FOR THE PRESIDENT. THE EXECUTIVE ASSESSMENT AND COMPENSATION COMMITTEE (EACC) OF THE COLLEGE'S BOARD OF TRUSTEES ANNUALLY REVIEWS THE PRESIDENT'S PERFORMANCE AND COMPENSATION. CHANGES TO THE PRESIDENT'S COMPENSATION ARE DETERMINED BY THE EACC AND REPORTED TO THE BOARD OF TRUSTEES. IN DETERMINING THE PRESIDENT'S COMPENSATION, THE COMMITTEE RETAINED THE SERVICES OF AN INDEPENDENT COMPENSATION CONSULTANT TO PREPARE A COMPENSATION STUDY OF COMPARABLE HIGHER EDUCATION INSTITUTIONS. THERE IS A WRITTEN EMPLOYMENT CONTRACT BETWEEN THE COLLEGE AND THE PRESIDENT. THE BOARD APPROVES THE APPOINTMENT OF ALL VICE-PRESIDENTS, SECRETARY, TREASURER, DEANS AND SUCH OTHER COLLEGE OFFICERS WHO, AFTER RECOMMENDATION BY THE PRESIDENT, ARE DEEMED NECESSARY FOR THE PROPER MANAGEMENT OF THE COLLEGE. THE EACC ANNUALLY REVIEWS AND APPROVES THE COMPENSATION OF ALL OFFICERS AND KEY EMPLOYEES BASED ON A REVIEW OF PERFORMANCE AND COMPARABILITY DATA, AND THE RECOMMENDATION OF THE PRESIDENT. ALL MATTERS DISCUSSED WITHIN A MEETING OF THE BOARD OF TRUSTEES OR ITS COMMITTEES ARE DOCUMENTED WITHIN THE MINUTES. AVAILABILITY OF GOV DOCS, CONFLICT OF INTEREST POLICY & FIN STMT TO PUBLIC FORM 990, PART VI, LINE 19 ECKERD COLLEGE, INC. MAKES ITS GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY AVAILABLE TO THE GENERAL PUBLIC UPON REQUEST AND THROUGH ITS WEBSITE WWW.ECKERD.EDU. THE COLLEGE'S FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC VIA ITS DISCLOSURE DISSEMINATION AGENT AT WWW.DACBOND.COM. OTHER CHANGES IN NET ASSETS OR FUND BALANCE FORM 990, PART XI, LINE 5 UNREALIZED LOSS ON INVESTMENTS $(2,488,948) CHANGE IN VALUE OF SPLIT-INTEREST AGMTS ( 192,749) PENSION-RELATED CHANGES ( 188,969) PARTNERSHIP UBI 1,384 ----------- $(2,869,282) STATEMENT REGARDING CONSOLIDATED AUDITED FINANCIAL STATEMENTS FORM 990, PART XII, LINE 2D AND PART IV, LINES 12A & 12B The College's audited financial statements are consolidated with Eckerd College Real Estate, LLC (ECRE). ECRE is a limited liability company with Eckerd College, Inc. as its sole member. Therefore, for tax purposes, ECRE is a disregarded entity and there is no difference between amounts reported within the form 990 and the audited financial statements, with the exception of reclassifications and unrelated business income as reported in Schedule D, Parts XI - XIII. ECKERD COLLEGE REAL ESTATE LLC 4200 54TH AVE S ST PETERSBURG FL 33711 272423823 RE Holding FL -170150 1553416 ECKERD COLL ECP2 Inc 4200 54th Ave S St Petersburg FL 33711 591096272 RE Holding FL ECKERD COLL C Corporation 0 0 1.00000 false false false false false false false false false false false false true false false false false false