2012-05-15T17:57:23-05:00 2011-06-30 MATSON AND ISOM 3013 CERES AVENUE CHICO CA 95973 990 2010-07-01 956137481 DEEP SPRINGS CORPORATION DEEP 7608722000 HC72 BOX 45001 DYER NV 890109803 DAVID NEIDORF 7608722000 2012-05-07 1 5308916474 2010 2016-02-24 21:20:13Z DAVID NEIDORF HC72 BOX 45001 DYER NV 890109803 2749242 0 X WWW.DEEPSPRINGS.EDU X 1917 CA TO PROVIDE YOUNG MEN WITH A LIBERAL ARTS EDUCATION THROUGH ACADEMICS, LABOR AND SELF-GOVERNANCE 13 13 11 10 0 0 2201824 2282968 57194 101658 317303 364616 0 0 2576321 2749242 0 0 0 0 684022 824665 0 0 78920 1256257 1766243 1940279 2590908 636042 158334 22934118 25547561 124438 112073 22809680 25435488 TO PROVIDE LEADERSHIP AND ENLIGHTENED SERVICE BY BRINGING STUDENTS INTO INTENSE CONTACT WITH NATURE, WORK, AND IDEAS. 0 0 1440456 101658 LIBERAL ARTS COLLEGE LOCATED ON A CATTLE RANCH AND ALFALFA FARM IN CALIFORNIA THAT INTEGRATES ACADEMICS, LABOR, AND SELF-GOVERNANCE FOR 26 STUDENTS. EACH STUDENT ATTENDS FOR TWO YEARS AND RECEIVES A FULL SCHOLARSHIP. THE COLLEGE SERVES TO EDUCATE AND PREPARE ITS STUDENTS FOR TRANSITION TO FOUR-YEAR INSTITUTIONS FOR ACADEMIC DEGREE COMPLETION. 1440456 1 1 0 0 0 0 0 0 0 1 1 1 1 0 1 1 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 1 11 0 11 1 0 0 0 0 0 0 0 0 X 13 13 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 0 1 0 0 CA X GREGORY PIPER & GRAHAM 7609346065 100 COLLEGE PARKWAY MAMMOTH LAKE CA 93546 DAVE HITZ 1.00 X X 0 0 0 EUNICE WHITNEY THOMAS 1.00 X X 0 0 0 ERIC MUEGGLER 1.00 X X 0 0 0 SALLY CARLSON 1.00 X 0 0 0 KINCH HOEKSTRA 1.00 X 0 0 0 WILLIAM MASTERS 1.00 X 0 0 0 TOM HUDNUT 1.00 X 0 0 0 EDWARD KEONJIAN 1.00 X 0 0 0 JAMIE MAY 1.00 X 0 0 0 CORY MYERS 1.00 X 0 0 0 BEN SHAVER 1.00 X 0 0 0 FRANK WU 1.00 X 0 0 0 JAMES BARTOLOME 1.00 X 0 0 0 DAVID NEIDORF 40.00 X 97326 0 22724 97326 0 22724 0 0 0 0 0 2282968 124997 2282968 RANCH & FARM SALES 110000 101658 101658 101658 364616 364616 2749242 101658 0 364616 120050 30013 90037 704615 561351 143264 70818 70818 17616 17616 14994 14994 91879 67534 24345 124054 116416 7638 34114 34114 312822 312822 104004 104004 LOSS ON CONTRIB. REC. 592292 592292 FARM SUPPLIES/FUEL/MAIN 157721 157721 FOOD 82744 82744 CAMPAIGN EXPENSE 78920 78920 LOSS FROM SUBSIDIARY 63147 63147 21118 16098 5020 2590908 1440456 1071532 78920 283954 237292 874260 51088 19566 31870 102850 104839 9968028 3870027 6261858 6098001 13627174 17109881 0 1764456 1914590 22934118 25547561 90567 84049 33871 28024 124438 112073 X 13451468 14877790 3279527 4859341 6078685 5698357 22809680 25435488 22934118 25547561 X 158334 2467474 X X 0 1 1 X 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 6078685 -380328 5698357 6090356 -11671 6078685 5646399 502100 -58143 6090356 0 0 629773 629773 5479495 1594532 3884963 1575127 1345043 230084 2283633 930452 1353181 6098001 INVESTMENT IN SUBSIDIARY 1701309 C CHARITABLE REMAINDER UNITRUSTS 213281 C 1914590 PAYABLE UNDER TRUST AGREEMENT 28024 28024 DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: THE COLLEGE ACCOUNTS FOR INCOME TAXES IN ACCORDANCE WITH FASB ASC 740, INCOME TAXES, WHICH CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES AND HOW AN UNCERTAIN TAX POSITION IS RECOGNIZED IN FINANCIAL STATEMENTS. THE COLLEGE ANALYZES TAX POSITIONS TAKEN IN PREVIOUSLY FILED RETURNS AND TAX POSITIONS EXPECTED TO BE TAKEN IN FUTURE RETURNS. BASED ON THIS ANALYSIS, A LIABILITY IS RECORDED IF UNCERTAIN TAX BENEFITS HAVE BEEN RECEIVED. THE COLLEGE'S PRACTICE IS TO RECOGNIZE INTEREST AND PENALTIES, IF ANY, RELATED TO UNCERTAIN TAX POSITIONS IN THE TAX EXPENSE. THERE WERE NO UNCERTAIN TAX POSITIONS IDENTIFIED OR RELATED INTEREST AND PENALTIES RECORDED AS OF JUNE 30, 2011, AND THE COLLEGE DOES NOT EXPECT THIS TO CHANGE SIGNIFICANTLY OVER THE NEXT 12 MONTHS. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 EXPLANATION OF NONDISCRIMINATORY POLICY PUBLICATION SCHEDULE E, PART I, LINE 3 THE NONDISCRIMINATORY POLICY IS DOCUMENTED IN THE APPLICATION PACKET RECEIVED BY ALL STUDENTS INTERESTED IN ATTENDING THE COLLEGE. X 373 FAIR MARKET VALUE X 3555 X 1 1600 FAIR MARKET VALUE X 9 118268 FAIR MARKET VALUE X 1 289 FAIR MARKET VALUE X LIVESTOCK FEED 1 203 FAIR MARKET VALUE X TRAVEL EXPENSES 1 709 FAIR MARKET VALUE 0 0 0 FORM 990, PART VI, SECTION B, LINE 11 A DRAFT OF THE TAX RETURN IS SUBMITTED TO THE COLLEGE PRESIDENT. THE COLLEGE PRESIDENT REVIEWS THE RETURN AND THEN FORWARDS IT TO THE BOARD MEMBERS. ONCE THE BOARD APPROVES OF THE DRAFT, IT IS SUBMITTED TO THE IRS. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD MEMBERS ARE REQUIRED TO SIGN A CONFLICT OF INTEREST STATEMENT. THE COLLEGE MONITORS THIS BY HAVING THE BOARD MEMBERS REVIEW AND SIGN THE STATEMENT ANNUALLY. FORM 990, PART VI, SECTION B, LINE 15A THE BOARD MEMBERS APPROVE THE PRESIDENT'S SALARY DURING THEIR ANNUAL BOARD MEETING. FORM 990, PART VI, SECTION C, LINE 19 THE COLLEGE MAKES ITS DOCUMENTS AVAILABLE UPON REQUEST. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED GAINS ON INVESTMENTS: 2,447,802. CHANGE IN VALUE OF CHARITABLE REMAINDER UNITRUSTS 19,672. TOTAL TO FORM 990, PART XI, LINE 5: 2,467,474. FORM 990, PART XII, LINE 2C: NO CHANGE FROM PRIOR YEAR. DEEP SPRINGS FREE EDUCATIONAL TRUST HC72 BOX 45001 DYER NV 89010 870238728 TO PROVIDE DEEP SPRINGS CORPORATION WITH FACILITIES AND EQUIPMENT CA 501(C)(3) LINE 2 N/A 1 LL NUNN LLC HC 72 BOX 45001 DYER NV 89010 770493230 LANDLORD/TENANT CA DEEP SPRINGS CORPORATION RELATED -62483 1759932 0 1 0.57606 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0