2012-05-09T09:15:06-04:00 2011-06-30 ERNST & YOUNG US LLP 75 BEATTIE PLACE SUITE 800 GREENVILLE SC 29601 990 2010-07-01 590859121 ECKERD COLLEGE INC ECKE 7278671166 4200 54TH AVENUE SOUTH ST PETERSBURG FL 33711 Christopher P Brennan 7278671166 2012-05-15 8642425740 2010 2016-02-24 21:20:13Z Donald R Eastman III 4200 54th Avenue S St Petersburg FL 33711 110493313 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 1647 287 607391 0 12422106 24878175 82485258 83810363 847657 1064192 145864 364194 95900885 110116924 22916313 23855273 0 0 29808256 31137228 0 76748 1670144 33480371 35319922 86204940 90389171 9695945 19727753 151400193 177230262 46118971 45785088 105281222 131445174 X THE MISSION OF ECKERD COLLEGE IS TO PROVIDE EXCELLENT, INNOVATIVE 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 false false 49993668 23829450 71067471 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 2010/11 ACADEMIC YEAR WERE 2,534 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. 12287829 Student Services - Provide services to students apart from instruction such as admissions, financial aid, student activities, athletics and more. Approximately 96% of Eckerd College 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. 11335719 12742892 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 tradiitional 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. 3685769 77302985 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 3582 0 true 1647 true true true true UK NT false false false true true true 9 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 false false AZ AR CO DC FL ME MD MA MI NH SC WA WI X CHRISTOPHER P BRENNAN 7278648311 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 Miles C Collier 1.0 X X 0 0 0 Raul de Quesada 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 P Johnson 1.0 X 0 0 0 Jeffrey A Dodge 1.0 X 0 0 0 Michael C Markovitz 1.0 X 0 0 0 Mary E Miller 1.0 X 0 0 0 Mr 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 Frederick D Terry 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 1.0 X X 0 0 0 Donald R Eastman III 50.0 X X 457157 0 117403 Lisa A Mets 50.0 X 117699 0 22992 Christopher P Brennan 50.0 X 118940 0 23584 Matthew Bisset 50.0 X 156690 0 26597 James Annarelli 50.0 X 140266 0 39169 Peter Hammerschmidt 50.0 X 117718 0 18674 John Sullivan 50.0 X 114609 0 19158 James Deegan 50.0 X 139756 0 24864 Kathryn Watson 50.0 X 115512 0 20251 Lloyd Chapin 50.0 X 107614 0 14442 1585961 0 327134 18 true true false Unicco Service Co 4002 Solutions Center CHICAGO IL 60693 Facilities Mgmt 934540 The MV Group Inc PO Box 46785 ST PETERSBURG FL 33741 Plan & Const Supv 223515 Ernst Young LLP PO Box 406725 ATLANTA GA 30384 Accountants 198616 Larry Silverberg 6525 34th Terr N ST PETERSBURG FL 33710 Instructional Dev 173449 ANDERSON LANE INC 2750 N MCMULLEN BOOTH RD STE 104 CLEARWATER FL 33761 SITE DESIGN 154697 7 75248 1071683 23731244 568705 24878175 TUITION AND FEES 611600 65060790 65060790 AUXILIARY SERVICES 611710 12742892 12742892 CONTINUING EDUCATION 611600 6006681 5482117 524564 83810363 1052562 1052562 0 0 310406 40855 310481 29150 -75 11705 11630 11630 25786 75248 36758 -10972 -10972 2080 2080 2080 0 OTHER - MISC 900099 371181 80922 290259 PARTNERSHIP UNRELATED BUSINESS INCOME 525990 1905 1905 373086 110116924 83285799 607391 1345559 25823 25823 23829450 23829450 0 0 1006254 806524 199730 0 22259607 19224440 2265072 770095 1995439 1725879 199597 69963 4262262 2801856 1330826 129580 1613666 1342488 203973 67205 0 133524 133524 236495 236495 68503 68503 76748 76748 67048 67048 980109 560382 373264 46463 503103 471516 31587 2359485 1628159 622497 108829 898408 141675 753723 3010 315507 315507 9156971 7605576 1551395 2441167 2219022 137371 84774 0 300595 264703 28397 7495 2082003 2054976 27027 0 5349172 3838606 1510566 517496 517496 FOOD SERVICES 4091493 3966992 124501 DONOR RELATIONS 71614 -12972 53258 31328 MAINTENANCE & SERVICE CONTRACT 230212 105559 124653 INSTRUCTIONAL SUPPLIES & EXP 5517017 5193348 248745 74924 90389171 77302985 11416042 1670144 25332240 29290120 7889394 9047878 9156854 16711592 1420648 1773762 359076 290022 1602793 1474348 4617646 4655031 140822931 68760253 66270375 72062678 22921335 29471524 8731332 12218434 65550 104800 3032950 130073 151400193 177230262 4802494 6207617 3207743 2490394 30129909 29270031 3338302 3244277 4640523 4572769 46118971 45785088 X 59290929 72190343 15193007 27009743 30797286 32245088 105281222 131445174 151400193 177230262 X 19727753 6436199 X false true true X true true X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false false false false false false true 68503 false false 68503 false Direct Contact Form 990, 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. 37814196 4389352 6720297 828815 620259 47474771 31384515 3519650 2910031 37814196 30753520 4509821 -3878826 31384515 0.36270 0.63730 false false 3349312 3349312 79421082 23577140 55843942 210131 139128 71003 43493474 40191151 3302323 14348932 4852834 9496098 72062678 HEDGE FOF ARCHSTONE OFFSHORE 4746328 F HEDGE FOF NYES LEDGE OFFSHORE 4894547 F HEDGE FOF AEW GLOBAL PROP SEC 2213284 F HEDGE FOF TIFF 2008 224888 F HEDGE FOF MREP VII 139387 F 12218434 0 POST RETIRE BENEFIT & DEFERRED COMP 4572769 4572769 110116924 90389171 19727753 5991029 445170 6436199 26163952 86728371 1525654 1525654 85202717 67048 24847159 24914207 110116924 66529431 66529431 67048 23792692 23859740 90389171 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 ON JULY 1, 2009, THE COLLEGE ADOPTED ACCOUNTING STANDARDS CODIFICATION TOPIC 740 (FORMERLY FASB INTERPRETATION NO. 48 (FIN 48), ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES, AN INTERPRETATION OF ASC 740 (FORMERLY FASB STATEMENT NO. 109) ACCOUNTING FOR INCOME TAXES (ASC 740). 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. PRIOR TO ASC 740, THE DETERMINATION OF WHEN TO RECORD A LIABILITY FOR A TAX EXPOSURE WAS BASED ON WHETHER A LIABILITY WAS CONSIDERED PROBABLE AND REASONABLY ESTIMABLE IN ACCORDANCE WITH ASC 450 (FORMERLY FASB STATEMENT NO. 5), ACCOUNTING FOR CONTINGENCIES. THE ADOPTION OF ASC 740 HAD NO IMPACT ON THE CONSOLIDATED FINANCIAL STATEMENTS. Reconciliation of change in Net assets from Form 990 to Audited financials Part XI, Line 8 Change in split interest agreements $281,884 Pension related changes other than net periodic pension cost 165,191 Partnership UBI for tax not book -1,905 -------- Total $445,170 Other Revenue on audited financial statements not on return Part XII, Line 2d Investment return on endowment, distributed $1,449,074 Other investment income 9,532 Investment fees 67,048 ---------- Total $1,525,654 Other revenue on return not on audited financial statements Part XII, Line 4b Scholarships reclassed to expenses on return $23,829,450 Fundraising expenses netted with revenue on return -36,758 Partnership ubi on return not on books 1,905 Investment return & realized gains 1,052,562 ----------- Total $24,847,159 Other expenses on return not on audited financial statements Part XIII, Line 4b Scholarships reclassed to expenses on return $23,829,450 Fundraising expenses netted with revenue on return -36,758 ----------- Total $23,792,692 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 0 1 Program Services Instructional 62031 East Asia and the Pacific 0 1 Program Services Instructional 282133 Europe (Including Iceland and Greenland) 1 2 Program Services Instructional 696671 South America 0 1 Program Services Instructional 223331 South Asia 0 1 Program Services Instructional 2400 Sub-Saharan Africa 0 1 Program Services Instructional 200158 Central America and the Caribbean Investments 9641000 1 7 1 7 11107724 11107724 false 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 FY11, the college housed 29 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 STOCKADE CONSULTING GROUP 650 FRANKLIN ST STE 502 SCHENECTADY NY 12305 TELEPHONE FUNDRAISING false 30385 16623 13762 RUFFALOCODY PO BOX 3018 CEDAR RAPIDS IA 52406 TELEPHONE FUNDRAISING false 31925 29043 2882 WITZLEBEN ASSOCIATES 610 W MAIN ST LOFT 207 DURHAM NC 27707 CAMPAIGN CONSULTING false 0 31082 0 62310 76748 16644 AK AZ AR CO CT DC KY ME MD MA MI MN MS NH NY OH OK SC VA GOLF TOURNAMENT 42676 32563 10113 4800 5314 AUCTION/DINNER 32650 32650 1365 5461 2 25708 10035 15673 11364 2291 6163 101034 75248 25786 16164 2291 1365 16938 36758 -10972 true United Way of Tampa Bay Inc 5201 W Kennedy Blvd Tampa FL 33609 593725701 501(C)(3) 10000 General Support 1 0 Eckerd College Grants 1991 15474759 Honors Scholarships 60 171352 Presidental Scholarships 443 5125747 Special Talent Scholarships 75 1227853 Institutional Grants 593 1352288 SEOG Grants 234 236024 Church, Campus, Letter, Osher & PEL Scholarships 118 241427 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 false false false false false false false false Donald R Eastman III 394940 0 10594 0 51623 0 24500 0 92903 0 574560 0 0 0 Lloyd Chapin 105889 0 0 0 1725 0 8900 0 5542 0 122056 0 0 0 James Annarelli 123181 0 13596 0 3489 0 12800 0 26369 0 179435 0 0 0 Matthew Bisset 149631 0 4831 0 2228 0 15415 0 11182 0 183287 0 0 0 James Deegan 134300 0 0 0 5456 0 13975 0 10889 0 164620 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 FOR 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. PART I, LINE 3 THE PRESIDENTIAL ASSESSMENT AND COMPENSATION COMMITTEE (PACC) 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 PACC AND RATIFIED BY 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. Pinellas County Educational Facilities Inc 521411737 723161FK6 2006-05-18 31680245 SEE PART V false false false 2360000 0 32963396 2288813 0 0 624061 3470023 0 14078029 10579373 123898 2008 true false true true false false true false true 0.00000 0.00120 0.00120 true false false false false false false false false false SCHEDULE K SUPPLEMENTAL INFORMATION 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, PART IV THE 2011 5 YEAR ARBITRAGE CALCULATION DETERMINED THAT NO REBATE OR PENALTIES WERE DUE TO BE PAID. CONSEQUENTLY, FORM 8038-T WAS NOT FILED IN 2011. Victoria baker def'd comp adv 457f X 53207 34947 false true true edmund gallizzi def'd comp adv 457f X 73435 47191 false true true david henderson def'd comp adv 457f X 50882 35117 false true true gerald junevicus def'd comp adv 457f X 54668 37283 false true true margarita lezcano def'd comp adv 457f X 63906 48902 false true true james macdougall def'd comp adv 457f X 67716 39096 false true true tom oberhofer def'd comp adv 457f X 68380 47486 false true true 290022 SCHEDULE L - SUPPLEMENTAL INFORMATION PART IV: BUSINESS TRANSACTIONS INVOLVING INTERESTED PERSONS 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 1 1000 sale-comparable prop X 21 124702 sale-comparable prop X 25 392413 cost/selling price X 1 47837 cost/selling price X marine and other items 51 2736 other X miscellaneous items 17 17 other 0 false true false SCHEDULE O Supplemental Information FORM 990, PART III LINE 4D: OTHER PROGRAM SERVICES EXPENSE INCLUDES ACADEMIC SUPPORT SERVICES AND RESEARCH. FORM 990, PART VI, LINE 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. FORM 990, PART VI, LINE 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. FORM 990, PART VI, LINES 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 PRESIDENTIAL ASSESSMENT AND COMPENSATION COMMITTEE (PACC) 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 PACC AND RATIFIED BY 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 PRESIDENT RECOMMENDS APPROPRIATE SALARY LEVELS FOR ALL PERSONNEL AND SPECIFICALLY REPORTS SALARY INCREASES FOR OFFICERS AND KEY EMPLOYEES. AFTER THE CURRENT TAX YEAR THE COLLEGE ENHANCED ITS PROCEDURES TO PROVIDE THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES AN ANALYSIS OF COMPARABILITY DATA FOR REVIEW AND APPROVAL OF OFFICERS AND KEY EMPLOYEES. ALL MATTERS DISCUSSED WITHIN A MEETING OF THE BOARD OF TRUSTEES OR ITS COMMITTEES ARE DOCUMENTED WITHIN THE MINUTES. 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. FORM 990, PART XI, LINE 5 UNREALIZED GAIN ON INVESTMENTS $5,991,029 CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS 281,884 PENSION RELATED CHANGES OTHER THAN NET PERIODIC PENSION COST 165,191 PARTNERSHIP UBI REPORTED FOR TAX NOT BOOK (1,905) ---------- OTHER CHANGES IN NET ASSETS OR FUND BALANCE $6,436,199 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 -1209780 1619674 ECKERD COLL ECP2 Inc 4200 54th Ave S St Petersburg FL 33711 591096272 RE Holding FL C Corporation 0 0 1.00000 false false false false false false false false false false false false false false false false false false supplemental information schedule r, part I, column (D) This amount includes an impairment on the underlying property. The amount is also included in Form 990, Part IX, Line 22.