2012-04-13T10:26:59-05:00 2011-05-31 CLIFTONLARSONALLEN LLP 1715 NORTH WESTSHORE BLVD SUITE 950 TAMPA FL 33607 990 2010-06-01 590624401 FLORIDA SOUTHERN COLLEGE FLOR 8636804148 111 LAKE HOLLINGSWORTH DR LAKELAND FL 33801 V TERRY DENNIS 8636804148 2012-04-09 1 KAREN A GRIES CPA 8133842700 2010 2016-02-24 21:20:13Z DR ANNE B KERR 111 LAKE HOLLINGSWORTH DR LAKELAND FL 33801 224281601 0 X WWW.FLSOUTHERN.EDU X 1885 FL PRIVATE UNITED METHODIST AFFILIATED COLLEGE THAT IS COMMITTED TO EDUCATIONAL EXCELLENCE. 36 35 1408 115 46685 0 10750582 23339073 55170179 61870735 2153641 1182627 1368654 2781134 69443056 89173569 16152891 18835840 0 0 24990940 26065227 75096 54069 927130 24874675 27911045 66093602 72866181 3349454 16307388 154803734 178900601 36893139 38867657 117910595 140032944 X FLORIDA SOUTHERN COLLEGE IS COMMITTED TO EDUCATIONAL EXCELLENCE AND IS A SELECTIVE COMPREHENSIVE, PRIVATE, UNITED METHODIST AFFILIATED COLLEGE WITH A STRONG LIBERAL ARTS CORE AND SIGNATURE PROGRAMS. (SEE SCHEDULE O). 0 0 60684954 18835840 61870735 FLORIDA SOUTHERN COLLEGE A PRIVATE, COMPREHENSIVE COLLEGE DEDICATED TO TEACHING EXCELLENCE IN 50 PROGRAMS OF STUDY FOR UNDERGRADUATE STUDENTS. THE COLLEGE IS ACCREDITED BY THE SOUTHERN ASSOCIATION OF COLLEGES AND SCHOOLS COMMISSION ON COLLEGES. THE COLLEGE'S 2010 ENTERING FALL ENROLLMENT WAS THE LARGEST IN OUR 126-YEAR HISTORY. THE COLLEGE'S 2,001 FULLTIME UNDERGRADUATE STUDENTS COME FROM 43 STATES AND 39 COUNTRIES, WITH 90% OF THEM RESIDING IN CAMPUS HOUSING. MORE THAN 99% RECEIVE SOME FORM OF FINANCIAL ASSISTANCE, INCLUDING 40% WHO RECEIVE PELL GRANTS.FLORIDA SOUTHERN IS NATIONALLY RECOGNIZED FOR ITS ENGAGED LEARNING FORMAT WHERE STUDENTS ARE CHALLENGED TO APPLY KNOWLEDGE THEY ACQUIRE IN THEIR CLASSES IN REAL-WORLD SITUATIONS. WE ARE PROUD OF THE QUALITY OF OUR STUDENT-FACULTY COLLABORATIVE RESEARCH, STUDENT MUSICAL PERFORMANCES, SERVICE LEARNING, CIVIC ENGAGEMENT, INTERNSHIPS, PRACTICALLY PROJECTS, AND STUDY-ABROAD OPPORTUNITIES, ALL OF WHICH SUPPORT THE ENGAGED LEARNING PEDAGOGY. STUDENTS ARE TAUGHT BY DYNAMIC PROFESSORS, INCLUDING 99 FULL-TIME FACULTY THAT RESULTS IN A 20:1 STUDENT-FACULTY RATIO. THE FACULTY HAVE OUTSTANDING CREDENTIALS, WITH 85% WHO HAVE EARNED THEIR TERMINAL DEGREE IN THEIR FIELD OF EXPERTISE. FLORIDA SOUTHERN ALSO EMPHASIZES WHOLE-STUDENT DEVELOPMENT AND HAS A VIBRANT EXTRA-CURRICULAR AGENDA THAT SUPPORTS BOTH CLASSROOM AND OUT-OF-CLASSROOM PERSONAL GROWTH EXPERIENCES. A WELL-TRAINED STAFF OF PROFESSIONALS LEAD THESE ACTIVITIES THAT FOSTER NOT ONLY ACADEMIC, BUT ALSO PHYSICAL, SPIRITUAL, AND SOCIAL DEVELOPMENT.FLORIDA SOUTHERN IS RANKED #2 OF BEST BACCALAUREATE COLLEGES IN THE SOUTH BY U.S. NEWS & WORLD REPORT; IS RANKED AS THE #1 "MOST BEAUTIFUL CAMPUS" IN THE NATION AND ONCE AGAIN HONORED AS ONE OF THE COUNTRYS BEST INSTITUTIONS FOR UNDERGRADUATE EDUCATION BY THE PRINCETON REVIEW; IS INCLUDED AS A BEST VALUE IN THE PRESTIGIOUS FISKE GUIDE TO COLLEGES; AND IS LISTED BY BARRON'S AS A BEST BUY INSTITUTION. THE COLLEGE'S 110 ACRE CAMPUS INCLUDES ACADEMIC BUILDINGS, RESIDENCE HALLS, ATHLETIC FACILITIES, STUDENT LIFE ACTIVITY SPACES, ADMINISTRATION OFFICES, AND STUDENT SUPPORT LEARNING SPACES, A PERFORMING ARTS CENTER, OTHER AUDITORIA FOR BOTH MUSICAL AND ALL-COLLEGE PROGRAMS, CHAPELS FOR CAMPUS MINISTRIES, AND MAINTENANCE AND WORKSHOP FACILITIES. 60684954 1 1 0 0 0 0 1 1 1 1 0 0 1 1 1 1 0 1 0 1 0 0 1 1 0 0 0 1 1 0 0 0 0 1 0 1 1 1 0 0 0 0 1 0 0 0 0 1 107 0 1408 1 1 1 0 0 0 0 1 1 0 0 0 0 X 36 35 1 0 0 0 1 1 1 1 1 0 0 0 1 1 1 1 1 1 0 0 FL X V TERRY DENNIS 8636804148 111 LAKE HOLLINGSWORTH DR LAKELAND FL 33801 ROBERT L FRYER JR 10.00 X X 0 0 0 GEORGE W ROGERS 1.00 X X 0 0 0 RICHARD T FULTON 1.00 X X 0 0 0 MARCENE CHRISTOVERSON 1.00 X X 0 0 0 BARNEY BARNETT 1.00 X X 0 0 0 ROBERT J ADAMS 1.00 X 0 0 0 RALPH C ALLEN 1.00 X 0 0 0 SUSAN E BAXA 1.00 X 0 0 0 J STEPHEN BUCK 1.00 X 0 0 0 ANN EDWARDS 1.00 X 0 0 0 BISHOP ROBERT E FANNIN 1.00 X 0 0 0 ANN H HANSEN 1.00 X 0 0 0 JEFFREY K HEARN 1.00 X 0 0 0 M CLAYTON HOLLIS JR 1.00 X 0 0 0 GENERAL DONALD L KERRICK 1.00 X 0 0 0 WILLIAM T MATTICE 1.00 X 0 0 0 REVEREND W DAVID MCENTIRE 1.00 X 0 0 0 SARAH D MCKAY 1.00 X 0 0 0 MAIDA BADCOCK POU 1.00 X 0 0 0 ROBERT E PUTERBAUGH 1.00 X 0 0 0 DANIEL R RICHEY 1.00 X 0 0 0 MARJORIE H ROBERTS 1.00 X 0 0 0 JOHN A RODDA 1.00 X 0 0 0 ARTHUR J ROWBOTHAM 1.00 X 0 0 0 JOE P RUTHVEN 1.00 X 0 0 0 LOUIS S SACO 1.00 X 0 0 0 HONORABLE E J SALCINES 1.00 X 0 0 0 RAY L SANDHAGEN 1.00 X 0 0 0 ROBERT W SCHARAR 1.00 X 0 0 0 ROBERT R SHARP 1.00 X 0 0 0 EVETT L SIMMONS 1.00 X 0 0 0 G BARRY SKITSKO 1.00 X 0 0 0 HAROLD M SMELTZLY 1.00 X 0 0 0 ROBERT S TRINKLE 1.00 X 0 0 0 R HOWARD WIGGS 1.00 X 0 0 0 EDWIN H MCMULLEN 1.00 X 0 0 0 SHARON K LUTHER 1.00 X 0 0 0 BISHOP TIMOTHY W WHITAKER 1.00 X 0 0 0 DR ANNE B KERR 75.00 X 223910 0 70959 V TERRY DENNIS 55.00 X 146904 0 24651 RUSSELL G WARREN 40.00 X 111000 0 11720 MATTHEW R THOMPSON 45.00 X 87145 0 29588 ROBERT H TATE 40.00 X 109426 0 20507 BRADLEY N PARRISH 40.00 X 126094 0 31499 LEE A MAYHALL 40.00 X 110409 0 33999 JAMES T BYRD 40.00 X 107925 0 30588 JOHN H WELTON 40.00 X 100968 0 31299 1123781 0 284810 8 0 1 0 GUEST SERVICES INC PO BOX 931841 ATLANTA GA 31193 CAFETERIA MANAGEMENT 3896563 RODDA CONSTRUCTION INC 250 EAST HIGHLAND DR LAKELAND FL 33813 CONTRACTOR 1632134 MESICK COHEN WILSON BAKER ARCHITECTS 388 BROADWAY ALBANY NY 12207 CONTRACTOR 458225 JOHNSON CONTROLS INC 5757 N GREEN BAY AVE MILWAUKEE WI 53201 CONTRACTOR 328811 JOYNER LUMBER & SUPPLY CO 301 SOUTH CENTRAL AVE LAKELAND FL 33815 CONTRACTOR 148178 7 120101 199440 609717 22409815 344790 23339073 TUITION AND FEES 611600 49847107 49847107 RES HALLS & FOOD SVC 611710 11205892 11205892 RENTAL TO STUDENTS/FAC 611710 685456 685456 OTHER STUDENT FEES 611710 132280 132280 61870735 1172117 1172117 135006789 3083 134999362 7427 3083 10510 10510 99290 120101 96980 2310 2310 29824 11690 18134 18134 STUDENT INSURANCE PREM 524292 290912 290912 ADMISSIONS TO EVENTS/G 900099 248941 248941 ATHLETIC MEMBERSHIPS 713940 46685 46685 2174152 2174152 2760690 89173569 61870735 46685 3917076 18835840 18835840 1137511 178093 691364 268054 18787270 15756000 2755622 275648 1223108 1074110 148998 3518826 1992235 1446653 79938 1398512 1164669 185866 47977 72817 72817 148216 148216 54069 54069 41421 41421 2360993 1982481 358212 20300 872630 851742 20628 260 2198123 1466936 677290 53897 5491652 5081927 399475 10250 330575 235871 65306 29398 17949 17949 608848 933 607915 4032661 3545663 486998 1376125 47464 1328661 PROGRAM EXPENSES 3551383 2903703 591555 56125 FOOD EXPENSE 3544438 3544438 BAD DEBT EXPENSE 515446 515446 ANNUITY PAYMENTS 370235 370235 TAXES, LICENSES, PERMIT 336605 221123 115482 2040928 1413542 596172 31214 72866181 60684954 11254097 927130 2271425 2637867 584228 335626 3193761 17749395 1757277 2839994 3020436 2795059 55072 67370 355778 251085 142927433 54197731 88051319 88729702 44295792 51675258 11218646 11819245 154803734 178900601 4000838 4020472 686566 971619 22535000 22535000 98603 145556 274331 1030000 935000 8495179 10032632 36893139 38867657 X 60302984 62106708 28604564 48426489 29003047 29499747 117910595 140032944 154803734 178900601 X 16307388 5814961 X 0 1 1 X 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 259773 X X X X 0 0 1 55850492 16218534 8397511 2394869 78071688 52752217 1332943 4246516 2481184 55850492 69148978 1291431 -10393777 7294415 52752217 0.15120 0.37790 0.47090 0 1 1 152583 2688738 2841321 117021901 38479323 78542578 1902211 1605227 296984 19582570 14113181 5469389 1579430 1579430 88729702 BENEFICIAL INTEREST IN TRUSTS 11443288 CASH SURRENDER VALUE OF LIFE INSURANCE 191865 BOND ISSUANCE COSTS, NET 176167 OTHER ASSETS 7925 11819245 POSTRETIRMENT BENEFIT OBLIGATION 3945151 GIFT ANNUITY OBLIGATION 2759456 ADVANCES FROM FEDERAL AGENCY FOR STUDENT LOANS 1804918 FAIR VALUE OF INTEREST RATE SWAP 788830 DEPOSITS 485727 METHODIST CONFERENCE ADVANCE 248550 10032632 89173569 72866181 16307388 7566875 -1804918 53004 5814961 22122349 79831175 7566875 -358543 7208332 72622843 41421 16509305 16550726 89173569 55903908 -41314 -41314 55945222 41421 16879538 16920959 72866181 PART III, LINE 4: THE COLLEGE'S COLLECTION REPRESENTS AN ACCRETION OF GIFTS ACROSS MANY DECADES WITH THE OLDEST WORK DATING FROM THE LATE 16TH CENTURY. THE COLLEGE HAS MAY 18TH AND 19TH CENTURY WORKS, HOWEVER THE MAJORITY OF THE COLLECTION CONSISTS OF WORKS FROM THE 20TH AND 21ST CENTURIES. THE COLLEGE'S USE OF THE COLLECTION INCLUDE TEACHING AND AESTHETIC EDUCATIONAL DISPLAY. THE COLLECTION SUPPORTS THE MISSION OF THE DEPARTMENT OF ART AND ART HISTORY. THE COLLEGE'S CAMPUS CONTAINS THE LARGEST SINGLE SITE COLLECTION OF FRANK LLOYD WRIGHT STRUCTURES IN THE WORLD AND IS THE ONLY COLLEGE CAMPUS DESIGNED BY THE MASTER ARCHITECT. THE WRIGHT-DESIGNED BUILDINGS ON THE COLLEGE'S CAMPUS HAVE BEEN INCLUDED ON THE WORLD MONUMENT FUND'S LIST OF 100 MOST ENDANGERED SITES IN THE WORLD. THE INTERNATIONAL IMPORTANCE OF THE COLLEGE'S WRIGHT ARCHITECTURE AND PRESERVATION EFFORTS HAS RESULTED IN A NUMBER OF GRANTS TO ASSIST IN THESE EFFORTS. PART IV, LINE 2B: THE COLLEGE HOLDS AGENCY FUNDS AND ADMINISTERS THE FUNDS FOR VARIOUS CAMPUS GROUPS. DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: THE COLLEGE'S ENDOWMENT FUNDS ARE MAINTAINED TO PROVIDE A PREDICTABLE STREAM OF INCOME TO FUND PROGRAMS THAT ARE SUPPORTED BY THE ENDOWMENT. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: THE COLLEGE ADOPTED GUIDANCE ISSUED BY FASB WITH RESPECT TO ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES AS OF JANUARY 1, 2007. A TAX POSITION IS RECOGNIZED AS A BENEFIT ONLY IF IT IS "MORE LIKELY THAN NOT" THAT THE TAX POSITION WOULD BE SUSTAINED IN A TAX EXAMINATION, WITH A TAX EXAMINATION BEING PRESUMED TO OCCUR. THE AMOUNT RECOGNIZED IS THE LARGEST AMOUNT OF THE TAX BENEFIT THAT IS GREATER THAN 50% LIKELY OF BEING REALIZED ON EXAMINATION. FOR TAX POSITIONS NOT MEETING THE "MORE LIKELY THAN NOT" TEST, NO TAX BENEFIT IS RECORDED. THE ADOPTION IN THE PRIOR YEAR HAD NO EFFECT ON THE COLLEGE'S FINANCIAL STATEMENTS. THE COLLEGE IS NO LONGER SUBJECT TO EXAMINATION BY TAXING AUTHORITIES FOR YEARS BEFORE MAY 30, 2007. THE COLLEGE DOES NOT EXPECT THE TOTAL AMOUNT OF UNRECOGNIZED TAX BENEFIT TO SIGNIFICANTLY CHANGE IN THE NEXT 12 MONTHS. THE COLLEGE RECOGNIZES INTEREST AND/OR PENALTIES RELATED TO INCOME TAX MATTERS IN INCOME TAX EXPENSE. THE COLLEGE DID NOT HAVE ANY AMOUNT ACCRUED FOR INTEREST AND PENALTIES AT MAY 30, 2011 AND 2010. PART XI, LINE 8 - OTHER ADJUSTMENTS: ACTUARIAL CHANGE IN ANNUITY OBLIGATIONS 133,256. ACTUARIAL CHANGE IN POSTRETIREMENT BENEFIT PLAN OBLIGATION -80,252. PART XII, LINE 2D - OTHER ADJUSTMENTS: PAYMENT TO ANNUITY BENEFICIARIES -370,233. COST OF GOODS SOLD 11,690. PART XII, LINE 4B - OTHER ADJUSTMENTS: STUDENT FINANCIAL AID AND SCHOLARSHIPS 16,509,305. PART XIII, LINE 2D - OTHER ADJUSTMENTS: ACTUARIAL CHANGE IN ANNUITY OBLIGATIONS -133,256. ACTUARIAL CHANGE IN POSTRETIREMENT BENEFIT PLAN OBLIGATION 80,252. COST OF GOODS SOLD 11,690. PART XIII, LINE 4B - OTHER ADJUSTMENTS: STUDENT FINANCIAL AID AND SCHOLARSHIPS 16,509,305. PAYMENT TO ANNUITY BENEFICIARIES 370,233. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 EXPLANATION OF NONDISCRIMINATORY POLICY PUBLICATION SCHEDULE E, PART I, LINE 3 THE COLLEGE'S NON-DISCRIMINATORY POLICY HAS BEEN PUBLISHED IN THE TAMPA TRIBUNE AND THE LAKELAND LEDGER. THE COLLEGE CATALOG ALSO INCLUDES THE POLICY. EXPLANATION OF GOVERNMENT FINANCIAL ASSISTANCE SCHEDULE E, PART I, LINE 6 THE COLLEGE RECEIVES FINANCIAL AID FROM FEDERAL AND STATE GOVERNMENTAL AGENCIES. EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 PROGRAM SERVICES STUDY ABROAD 330534 EAST ASIA AND THE PACIFIC 0 0 PROGRAM SERVICES STUDY ABROAD 33024 CENTRAL AMERICA AND THE CARIBBEAN 0 0 PROGRAM SERVICES STUDY ABROAD 59055 SUB-SAHARAN AFRICA 0 0 PROGRAM SERVICES STUDY ABROAD 8361 SOUTH AMERICA 0 0 PROGRAM SERVIES STUDY ABROAD 102705 0 0 0 0 0 0 533679 0 533679 0 0 0 0 0 0 PROCEDURE FOR MONITORING GRANTS OUTSIDE THE U.S.: SCHEDULE F, PART I, LINE 2: ACCRUAL METHOD X X X X X X X 1 RUFFALO CODY & ASSOCIATES INC 65 KIRKWOOD NORTH ROAD SW CEDAR RAPIDS IA 524063018 FUNDRAISING 0 122463 54069 68394 122463 54069 68394 FL GOLF TOURNAMENT 73585 24830 48755 14008 7988 11145 GOLF TOURNAMENT 53681 40685 12996 5250 12447 7853 3 92125 54586 37539 1000 4680 23947 8662 219391 120101 99290 1000 23938 44382 27660 96980 2310 1 TUITION DISCOUNTS/CREDITS 1863 16509305 0 N/A N/A SCHOLARSHIPS 488 2326535 0 N/A N/A PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, PART I, LINE 2: GRANTS ARE APPLIED DIRECTLY TO STUDENT ACCOUNTS. THE COLLEGE MONITORS STUDENT TUITION ACCOUNTS FOR ANY STUDENT WHO RECEIVED A SCHOLARSHIP OR TUITION CREDIT. THE BURSAR'S OFFICE AND THE ADMISSIONS OFFICE ENSURE THAT STUDENTS WHO RECEIVE SCHOLARSHIPS OR TUITION CREDITS MAINTAIN FULL-TIME OR PART-TIME STUDENT STATUS, AS REQUIRED BY THE AWARDED SCHOLARSHIP, SO THAT THE FUNDS ARE USED FOR THEIR INTENDED PURPOSE. X X X 1 1 X X X X 0 0 0 0 0 0 0 0 0 DR ANNE B KERR 223910 0 0 0 0 0 21960 0 48999 0 294869 0 0 0 V TERRY DENNIS 146904 0 0 0 0 0 15000 0 9651 0 171555 0 0 0 BRADLEY N PARRISH 126094 0 0 0 0 0 12500 0 18999 0 157593 0 0 0 PART I, LINE 1A THE COLLEGE PRESIDENT, ANNE B. KERR; AND THE DEAN OF STUDENT DEVELOPMENT, MATTHEW R. THOMPSON, ARE PROVIDED RESIDENCES ON THE CAMPUS OF THE COLLEGE. THE VALUE OF HOUSING PROVIDED IS EXCLUDED FROM THE DETERMINATION OF TAXABLE COMPENSATION UNDER SECTION 119 OF THE INTERNAL REVENUE CODE BECAUSE: 1) THE LODGING IS FURNISHED ON THE BUSINESS PREMISES OF THE COLLEGE; 2) THE LODGING IS FURNISHED AT THE CONVENIENCE OF THE EMPLOYER (THE RESPONSIBILITIES OF THESE TWO INDIVIDUALS REQUIRES THEIR PRESENCE ON CAMPUS. THE PRESIDENT HOLDS MANY FACULTY AND STUDENT MEETINGS AT HER RESIDENCE. THE DEAN OF STUDENT DEVELOPMENT IS REQUIRED TO LIVE ON CAMPUS TO BE ABLE TO RESPOND QUICKLY DAY OR NIGHT TO THE NEEDS OF THE STUDENTS.); AND 3) THE EMPLOYEES ARE REQUIRED TO ACCEPT SUCH LODGING AS A CONDITION OF THEIR EMPLOYMENT. THE PRESIDENT'S ESTIMATED FAIR MARKET VALUE OF THE HOUSING PROVIDED IS $30,000 PER YEAR AND IS NOT INCLUDED IN TAXABLE COMPENSATION. THE VICE PRESIDENT OF COLLEGE RELATIONS, LEE A. MAYHALL, RECEIVES A HOUSING ALLOWANCE THAT IS TREATED AS TAXABLE COMPENSATION. THE COLLEGE PAYS DUES AT A SOCIAL CLUB FOR THE COLLEGE PRESIDENT, ANNE B. KERR, AND THE VICE PRESIDENT OF ADVANCEMENT, ROBERT H. TATE. THIS BENEFIT IS NOT TREATED AS TAXABLE COMPENSATION TO THE INDIVIDUALS BECAUSE CLUB USE IS LIMITED TO BUSINESS PURPOSES. HOUSEKEEPING SERVICES ARE PROVIDED FOR THE PRESIDENT'S RESIDENCE AS IT IS USED FOR COLLEGE EVENTS. THIS BENEFIT IS NOT TREATED AS TAXABLE COMPENSATION TO THE INDIVIDUAL. 17087 SCHOLARSHIPS RODDA CONSTRUCTION JOHN RODDA OWNS RODDA CONSTRUCTION 1632134 CONSTRUCTION SERVICES 0 LYNN DENNIS FAMILY MEMBER OF V. TERRY DENNIS, VP FINANCE & ADMINISTRATION 55632 EMPLOYMENT COMPENSATION 0 X 6 $1 EACH X 5 $1 EACH X 7 284949 STOCK MARKET QUOTES X FURNITURE 1 17250 COST X VARIOUS ITEMS 19 42580 COST 1 0 1 0 CONTINUATION OF ORGANIZATION'S MISSION FORM 990, PART III, LINE 1 THE COLLEGE ENROLLS A TALENTED STUDENT BODY AND INCLUDES AN ACCOMPLISHED FACULTY WHO ARE DEDICATED TO TEACHING EXCELLENCE. OUTSTANDING OPPORTUNITIES FOR ENGAGED LEARNING, STUDENT-FACULTY COLLABORATIVE RESEARCH AND PERFORMANCE, SERVICE LEARNING, STUDY ABROAD, AND HONORS STUDY ARE DISTINCTIVE FEATURES OF THE ACADEMIC PROGRAM AT FLORIDA SOUTHERN. THE COLLEGE OFFERS EXCEPTIONAL STUDENT LIFE PROGRAMS, INCLUDING A CHAMPIONSHIP ATHLETIC PROGRAM. FORM 990, PART VI, SECTION A, LINE 2 M. CLAYTON HOLLIS, JR. AND MARJORIE H. ROBERTS - FAMILY RELATIONSHIP; J. STEPHEN BUCK AND SARAH D. MCKAY - FAMILY RELATIONSHIP; M. CLAYTON HOLLIS, JR. AND BARNEY BARNETT - BUSINESS RELATIONSHIP FORM 990, PART VI, SECTION A, LINE 6 FLORIDA SOUTHERN COLLEGE HAS ONE MEMBER, WHICH IS THE FLORIDA CONFERENCE OF THE UNITED METHODIST CHURCH. THE FLORIDA CONFERENCE OF THE UNITED METHODIST CHURCH HAS THE RIGHT TO ELECT UP TO THIRTY-SEVEN TRUSTEES TO THE BOARD. IN ADDITION, ANY CHANGE TO THE COLLEGE'S CHARTER MUST BE APPROVED BY THE FLORIDA CONFERENCE OF THE UNITED METHODIST CHURCH. FORM 990, PART VI, SECTION A, LINE 7A THE SOLE MEMBER, FLORIDA CONFERENCE OF THE UNITED METHODIST CHURCH, ELECTS UP TO THIRTY-SEVEN TRUSTEES FOR A TERM OF THREE YEARS EACH. TWO POSITIONS ON THE BOARD ARE HELD BY INDIVIDUALS BASED ON THEIR POSITIONS WITH ANOTHER ORGANIZATION. THE BISHOP AND LAY LEADER OF THE FLORIDA CONFERENCE OF THE UNITED METHODIST CHURCH ARE MEMBERS OF THE COLLEGE'S BOARD. THE PRESIDENT OF THE COLLEGE'S ALUMNI ASSOCIATION IS A MEMBER OF THE BOARD BASED ON SUCH A POSITION. FORM 990, PART VI, SECTION A, LINE 7B ANY AMENDMENT TO THE COLLEGE'S CHARTER MUST BE APPROVED BY THE FLORIDA CONFERENCE OF THE UNITED METHODIST CHURCH. FORM 990, PART VI, SECTION B, LINE 11 THE AUDIT COMMITTEE REVIEWS THE PUBLIC INSPECTION VERSION OF THE FORM 990 IN DETAIL. FOLLOWING THEIR REVIEW, A PUBLIC INSPECTION COPY OF THE FORM 990 IS DISTRIBUTED TO EACH MEMBER OF THE BOARD BEFORE IT IS FILED WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C PRIOR TO TAKING A POSITION ON THE BOARD, EACH MEMBER MUST SUBMIT IN WRITING TO THE PRESIDENT AND CHAIRMAN OF THE BOARD A LIST OF ALL BUSINESSES OR OTHER ORGANIZATIONS THAT MAY BECOME CONFLICTS OF INTEREST. EACH WIRTTEN STATEMENT IS RESUBMITTED WITH ANY NECESSARY CHANGES EACH YEAR. IN CONJUCTION WITH A SIGNED CONFLICT OF INTEREST QUESTIONNAIRE, THE AUDIT COMMITTEE REVIEWS THE CONFLICT OF INTEREST STATEMENTS OF ALL BOARD MEMBERS, AND ANY POTENTIAL CONFLICTS ARE EXPLORED THOROUGHLY. THE AUDIT COMMITTEE ALSO REVIEWS THE CONFLICT OF INTEREST STATEMENTS FILED BY THE PRESIDENT AND THE SEVEN OFFICERS AND KEY EMPLOYEES OF THE COLLEGE. IF ANY CONFLICTS OF INTEREST EXIST, THE AFFECTED BOARD MEMBER SHALL MAKE KNOWN THE POTENTIAL CONFLICT AND SHALL WITHDRAW FROM THE MEETING FOR SO LONG AS THE MATTER SHALL CONTINUE UNDER DISCUSSION. SHOULD THE MATTER BE BROUGHT TO A VOTE, THE AFFECTED BOARD MEMBER SHALL ABSTAIN FROM VOTING. FORM 990, PART VI, SECTION B, LINE 15A THE COLLEGE HAS A COMPENSATION COMMITTEE COMPRISED OF INDEPENDENT MEMBERS OF THE BOARD OF TRUSTEES THAT REVIEWS AND RECOMMENDS THE COMPENSATION PACKAGE FOR THE COLLEGE PRESIDENT. THE RECOMMENDEATION IS VOTED UPON BY THE FULL BOARD. THE COMPENSATION COMMITTEE USES COMPARABILITY DATA TO ENSURE THE COMPENSATION OF THE PRESIDENT IS REASONABLE. THE DECISION OF THE COMMITTEE AND THE BOARD IS DOCUMENTED IN THE MEETING MINUTES. THE PROCESS IS UNDERTAKEN ON AN ANNUAL BASIS AND WAS LAST COMPLETED IN 2010 FOR THE PRESIDENT, DR. ANNE B. KERR. THE COLLEGE PRESIDENT USES COMPARABILITY DATA TO REVIEW AND RECOMMEND COMPENSATION FOR THE OTHER OFFICERS AND KEY EMPLOYEES. THE SALARIES ARE REVIEWED AND APPROVED BY THE CHAIRMAN OF THE BOARD OF TRUSTEES. THE DECISIONS ARE DOCUMENTED BY THE PRESIDENT AND BOARD CHAIRMAN. THE PROCESS IS UNDERTAKEN ON AN ANNUAL BASIS AND WAS LAST COMPLETED IN 2010 FOR THE FOLLOWING POSITIONS: VP FINANCE & ADMINISTRATION, V. TERRY DENNIS; PROVOST, RUSSELL G. WARREN; VP & DEAN STUDENT DEVELOPMENT, MATTHEW R. THOMPSON; VP ADVANCEMENT, ROBERT H. TATE; VP ENROLLMENT MANAGEMENT, BRADLEY N. PARRISH; AND VP COLLEGE RELATIONS, LEE. A. MAYHALL. FORM 990, PART VI, SECTION C, LINE 19 THE COLLEGE DOES NOT MAKE ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, NOR THE FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC AT THIS TIME PURSUANT TO INTERNAL REVENUE CODE SECTION 6104. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED GAINS ON INVESTMENTS: 7,566,875. PRIOR PERIOD ADJUSTMENTS: -1,804,918. ACTUARIAL CHANGE IN ANNUITY OBLIGATIONS 133,256. ACTUARIAL CHANGE IN POSTRETIREMENT BENEFIT PLAN OBLIGATION -80,252. TOTAL TO FORM 990, PART XI, LINE 5: 5,814,961. FLORIDA CONFERENCE OF THE UNITED METHODIST CHURCH 1140 E MCDONALD ST LAKELAND FL 33801 590904361 SUPPORT FL 501(C)(3) LINE 1 N/A 0 FLORIDA UNITED METHODIST FOUNDATION INC PO BOX 3549 LAKELAND FL 33802 591184710 INVESTMENT MANAGEMENT FL 501(C)(3) LINE 11C, III-FI FLORIDA CONFERENCE OF THE UNITED METHODIST CHURCH 0 CHARITABLE REMAINDER UNITRUSTS (11) 111 LAKE HOLLINGSWORTH DR LAKELAND FL 33801 INVESTMENT FL N/A T POOLED TRUSTS (4) 111 LAKE HOLLINGSWORTH DR LAKELAND FL 33801 INVESTMENT FL N/A T 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0