COMPASS ROSE FOUNDATION INC: Form 990, tax year 2009
View the entire original 990 at ProPublica ↗
- Organization
- COMPASS ROSE FOUNDATION INC (EIN 59-0972013)
- Tax period
- 2009-07-01 to 2010-06-30
- Filed
- 2011-05-12
- IRS object ID
- 201101329349302465
- Schema version
- 2009v1.7
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990
- Schedule A
- Schedule D
- Schedule E
- Schedule I
- Schedule J
- Schedule N
- Schedule O
- Schedule R
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2011-05-12T12:14:59-05:00 | Timestamp |
| Tax Period End Date | 2010-06-30 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | McClintock & Associates | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1370 Washington Pike | AddressLine1 |
| City | Bridgeville | City |
| State | PA | State |
| ZIP Code | 15017 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2009-07-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 590972013 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | COMPASS ROSE FOUNDATION INC | BusinessNameLine1 |
| Business Name Line2 | DBA SOUTHWEST FLORIDA COLLEGE | BusinessNameLine2 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | COMP | NameControl |
| Phone | 7275350298 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 7855 126TH AVE N | AddressLine1 |
| City | LARGO | City |
| State | FL | State |
| ZIP Code | 33773 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | GREG JONES | Name |
| Title | PRESIDENT | Title |
| Phone | 7275350298 | Phone |
| Date Signed | 2011-05-09 | DateSigned |
| Authorize Third Party | 1 | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | Chad Dinco | Name |
| Phone | 4122575980 | Phone |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2009 | TaxYear |
| Build TS | 2016-02-24 21:20:13Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | GREGORY JONES | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 7855 126TH AVE | AddressLine1 |
| City | LARGO | City |
| State | FL | State |
| ZIP Code | 33773 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 43442271 | GrossReceipts |
| Group Return For Affiliates | 0 | GroupReturnForAffiliates |
| Organization501c | X | Organization501c |
| Web Site | http://www.swfc.edu | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 1964 | YearFormation |
| State Legal Domicile | FL | StateLegalDomicile |
| Activity Or Mission Description | EDUCATION | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 9 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 5 | NbrIndependentVotingMembers |
| Total Nbr Employees | 0 | TotalNbrEmployees |
| Total Nbr Volunteers | 0 | TotalNbrVolunteers |
| Total Gross UBI | 0 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | 0 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Current Year | 0 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 24030056 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 10890859 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 39761 | InvestmentIncomePriorYear |
| Investment Income Current Year | 27132226 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 697781 | OtherRevenuePriorYear |
| Other Revenue Current Year | 798196 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 24767598 | TotalRevenuePriorYear |
| Total Revenue Current Year | 38821281 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 646875 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 486258 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 12647248 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 7889584 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 0 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 9695694 | OtherExpensePriorYear |
| Other Expenses Current Year | 4581359 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 22989817 | TotalExpensesPriorYear |
| Total Expenses Current Year | 12957201 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | 1777781 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | 25864080 | RevenuesLessExpensesCY |
| Total Assets BOY | 26291365 | TotalAssetsBOY |
| Total Assets EOY | 43189251 | TotalAssetsEOY |
| Total Liabilities BOY | 7835547 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 103692 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 18455818 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 43085559 | NetAssetsOrFundBalancesEOY |
| Mission Description | TO GOVERN, MANAGE AND OVERSEE AN ACCREDITED, POST-SECONDARY COLLEGE. | MissionDescription |
| Significant New Program Services | 0 | SignificantNewProgramServices |
| Significant Change | 1 | SignificantChange |
| Expense | 6364047 | Expense |
| Revenue | 38821281 | Revenue |
| Description | INSTRUCTIONAL AND STUDENT RELATED EXPENSES FOR SOUTHWEST FLORIDA COLLEGE IN FT. MYERS AND TAMPA | Description |
| Total Program Service Expense | 6364047 | TotalProgramServiceExpense |
| Described In501 C3 | 1 | DescribedIn501C3 |
| Schedule B Required | 0 | ScheduleBRequired |
| Political Activities | 0 | PoliticalActivities |
| Lobbying Activities | 0 | LobbyingActivities |
| Donor Advised Funds | 0 | DonorAdvisedFunds |
| Conservation Easements | 0 | ConservationEasements |
| Collections Of Art | 0 | CollectionsOfArt |
| Credit Counseling | 0 | CreditCounseling |
| Term Or Permanent Endowments | 0 | TermOrPermanentEndowments |
| Balance Sheet Amounts Reported | 1 | BalanceSheetAmountsReported |
| Independent Audit Financial Stmt | 1 | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | 0 | ConsolidatedAuditFinancialStmt |
| School | 1 | School |
| Foreign Office | 0 | ForeignOffice |
| Foreign Activities | 0 | ForeignActivities |
| More Than5000 K To Organizations | 0 | MoreThan5000KToOrganizations |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividuals |
| Professional Fundraising | 0 | ProfessionalFundraising |
| Fundraising Activities | 0 | FundraisingActivities |
| Gaming | 0 | Gaming |
| Hospital | 0 | Hospital |
| Grants To Organizations | 0 | GrantsToOrganizations |
| Grants To Individuals | 1 | GrantsToIndividuals |
| Schedule J Required | 1 | ScheduleJRequired |
| Tax Exempt Bonds | 0 | TaxExemptBonds |
| Excess Benefit Transaction | 0 | ExcessBenefitTransaction |
| Prior Excess Benefit Transaction | 0 | PriorExcessBenefitTransaction |
| Loan To Officer Or DQP | 0 | LoanToOfficerOrDQP |
| Grant To Related Person | 0 | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | 0 | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | 0 | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | 0 | OfficerEntityWithBsnssRltnshp |
| Deductible Non Cash Contributions | 0 | DeductibleNonCashContributions |
| Deductible Contributions Of Art | 0 | DeductibleContributionsOfArt |
| Terminated | 0 | Terminated |
| Partial Liquidation | 1 | PartialLiquidation |
| Disregarded Entity | 0 | DisregardedEntity |
| Related Entity | 1 | RelatedEntity |
| Related Org Controlled Entity | 1 | RelatedOrgControlledEntity |
| Transfers To Exempt Non Chrtbl Org | 0 | TransfersToExemptNonChrtblOrg |
| Activities Conducted Partnership | 0 | ActivitiesConductedPartnership |
| Schedule O Required | 1 | ScheduleORequired |
| Number Forms Transmitted With1096 | 0 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Number Of Employees | 0 | NumberOfEmployees |
| Unrelated Business Income | 0 | UnrelatedBusinessIncome |
| Foreign Financial Account | 0 | ForeignFinancialAccount |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTrans |
| Taxable Party Notification | 0 | TaxablePartyNotification |
| Non Deductible Contributions | 0 | NonDeductibleContributions |
| Quid Pro Quo Contributions | 0 | QuidProQuoContributions |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOf |
| Funds To Pay Premiums | 0 | FundsToPayPremiums |
| Premiums Paid | 0 | PremiumsPaid |
| Nbr Voting Governing Body Members | 9 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 5 | NumberIndependentVotingMembers |
| Family Or Business Relationship | 1 | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | 0 | DelegationOfManagementDuties |
| Changes To Organizing Docs | 0 | ChangesToOrganizingDocs |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuse |
| Members Or Stockholders | 0 | MembersOrStockholders |
| Election Of Board Members | 0 | ElectionOfBoardMembers |
| Decisions Subject To Approval | 0 | DecisionsSubjectToApproval |
| Minutes Of Governing Body | 1 | MinutesOfGoverningBody |
| Minutes Of Committees | 1 | MinutesOfCommittees |
| Officer Mailing Address | 0 | OfficerMailingAddress |
| Local Chapters | 0 | LocalChapters |
| Form990 Provided To Governing Body | 1 | Form990ProvidedToGoverningBody |
| Conflict Of Interest Policy | 1 | ConflictOfInterestPolicy |
| Annual Disclosure Covered Persons | 1 | AnnualDisclosureCoveredPersons |
| Regular Monitoring Enforcement | 1 | RegularMonitoringEnforcement |
| Whistleblower Policy | 1 | WhistleblowerPolicy |
| Document Retention Policy | 1 | DocumentRetentionPolicy |
| Compensation Process CEO | 1 | CompensationProcessCEO |
| Compensation Process Other | 1 | CompensationProcessOther |
| Investment In Joint Venture | 0 | InvestmentInJointVenture |
| Other Website | X | OtherWebsite |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
Name Business NameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | GREGORY JONES | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Telephone Number | 7275350298 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 7855 126TH AVE N | AddressLine1 |
| City | LARGO | City |
| State | FL | State |
| ZIP Code | 33773 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionA (11 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation | OfficerOfficer | Highest Compensated EmployeeHighestCompensatedEmployee | Key EmployeeKeyEmployee |
|---|---|---|---|---|---|---|---|---|
| DOUG DEVAUX | ||||||||
| CHAIRMAN OF THE BOARD | 10.00 | X | 18500 | 0 | 0 | |||
| DONALD C JONES | ||||||||
| CEO & TRUSTEE | 40.00 | X | 2475072 | 0 | 10293 | X | X | |
| SHARON JONES | ||||||||
| TREASURER & TRUSTEE | 40.00 | X | 451677 | 0 | 10293 | X | X | |
| GREGORY JONES | ||||||||
| PRESIDENT & TRUSTEE | 40.00 | X | 797665 | 0 | 28451 | X | X | |
| MARK KING | ||||||||
| TRUSTEE | 10.00 | X | 3400 | 0 | 0 | |||
| DEAN JOHNSTON | ||||||||
| TRUSTEE | 10.00 | X | 3400 | 0 | 0 | |||
| JOHN HUSTON | ||||||||
| TRUSTEE | 10.00 | X | 5200 | 0 | 0 | |||
| SIGRID EDWARDS | ||||||||
| TRUSTEE | 10.00 | X | 2400 | 0 | 0 | |||
| STEVE BELCHER | ||||||||
| TRUSTEE | 10.00 | X | 1600 | 0 | 0 | |||
| TOM TIMOTHY | ||||||||
| SECRETARY | 40.00 | 265594 | 0 | 1000 | X | |||
| STEPHEN CALABRO | ||||||||
| V.P. ACADEMIC | 40.00 | 575390 | 0 | 0 | X | |||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 4599898 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 0 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 50037 | TotalOtherCompensation |
| Number Individuals GT100 K | 5 | NumberIndividualsGT100K |
| Formers Listed | 0 | FormersListed |
| Total Comp GT150 K | 1 | TotalCompGT150K |
| Compensation From Other Sources | 0 | CompensationFromOtherSources |
Contractor Compensation ContractorCompensation (5 entries)
| Address Line1AddressOfContractor/AddressUS/AddressLine1 | CityAddressOfContractor/AddressUS/City | StateAddressOfContractor/AddressUS/State | ZIP CodeAddressOfContractor/AddressUS/ZIPCode | Description Of ServicesDescriptionOfServices | CompensationCompensation |
|---|---|---|---|---|---|
| DICKSTEIN SHAPIRO LLP | |||||
| PO BOX 759110 | BALTIMORE | MD | 21275 | LEGAL | 563541 |
| CENAGE LEARNING | |||||
| PO BOX 6904 | FLORENCE | KY | 41022 | EDUCATION SERVICES | 467988 |
| ECOLLEGECOM | |||||
| 4900 S MONACO ST SUITE 200 | DENVER | CO | 80237 | ONLINE FEES | 409601 |
| AETNA | |||||
| PO BOX 532430 | ATLANTA | GA | 303532430 | HEALTHCARE SERVICES | 320754 |
| CONTACT DIRECT MARKETING | |||||
| 2091 E MURRAY HOLLADAY RD STE 21 | SALT LAKE CITY | UT | 841175174 | MARKETING | 318976 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of Contractors GT100 K | 10 | NumberOfContractorsGT100K |
Program Service Revenue ProgramServiceRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | Tuition Rev SWFC-FM | Description |
| Business Code | 611600 | BusinessCode |
| Total Revenue Column | 10890859 | TotalRevenueColumn |
| Related Or Exempt Function Income | 10890859 | RelatedOrExemptFunctionIncome |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 10890859 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 544213 | TotalRevenueColumn |
| Related Or Exempt Function Income | 544213 | RelatedOrExemptFunctionIncome |
Gross Rents GrossRents
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 681631 | Real |
Less Rental Expenses LessRentalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 146594 | Real |
Rental Income Or Loss RentalIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 535037 | Real |
Net Rental Income Or Loss NetRentalIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 535037 | TotalRevenueColumn |
| Related Or Exempt Function Income | 535037 | RelatedOrExemptFunctionIncome |
Gross Amount Sales Assets GrossAmountSalesAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 1132758 | Securities |
| Other | 29384328 | Other |
Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 1147422 | Securities |
| Other | 2781651 | Other |
Gain Or Loss GainOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | -14664 | Securities |
| Other | 26602677 | Other |
Net Gain Or Loss Investments NetGainOrLossInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 26588013 | TotalRevenueColumn |
| Related Or Exempt Function Income | 26588013 | RelatedOrExemptFunctionIncome |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Sales Of Inventory | 808482 | GrossSalesOfInventory |
| Cost Of Goods Sold | 545323 | CostOfGoodsSold |
Net Income Or Loss NetIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 263159 | TotalRevenueColumn |
| Related Or Exempt Function Income | 263159 | RelatedOrExemptFunctionIncome |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 38821281 | TotalRevenueColumn |
| Related Or Exempt Function Income | 38821281 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 0 | UnrelatedBusinessRevenue |
| Exclusion | $0 | ExclusionAmount |
Grants To Domestic Individuals GrantsToDomesticIndividuals
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 486258 | Total |
| Program Services | 486258 | ProgramServices |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 7052282 | Total |
| Program Services | 2531901 | ProgramServices |
| Management And General | 4520381 | ManagementAndGeneral |
Pension Plan Contributions PensionPlanContributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 50170 | Total |
| Program Services | 17599 | ProgramServices |
| Management And General | 32571 | ManagementAndGeneral |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 258209 | Total |
| Program Services | 148587 | ProgramServices |
| Management And General | 109622 | ManagementAndGeneral |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 528923 | Total |
| Program Services | 200494 | ProgramServices |
| Management And General | 328429 | ManagementAndGeneral |
Fees For Services Legal FeesForServicesLegal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1019477 | Total |
| Program Services | 310049 | ProgramServices |
| Management And General | 709428 | ManagementAndGeneral |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 93486 | Total |
| Management And General | 93486 | ManagementAndGeneral |
Advertising Advertising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1047857 | Total |
| Program Services | 1033741 | ProgramServices |
| Management And General | 14116 | ManagementAndGeneral |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 44533 | Total |
| Management And General | 44533 | ManagementAndGeneral |
Information Technology InformationTechnology
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 188419 | Total |
| Program Services | 187978 | ProgramServices |
| Management And General | 441 | ManagementAndGeneral |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 533719 | Total |
| Program Services | 533719 | ProgramServices |
Travel Travel
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 7943 | Total |
| Program Services | 7943 | ProgramServices |
Conferences Meetings ConferencesMeetings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 78947 | Total |
| Program Services | 22825 | ProgramServices |
| Management And General | 56122 | ManagementAndGeneral |
Interest Interest
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 95255 | Total |
| Management And General | 95255 | ManagementAndGeneral |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 295087 | Total |
| Program Services | 255897 | ProgramServices |
| Management And General | 39190 | ManagementAndGeneral |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 200597 | Total |
| Management And General | 200597 | ManagementAndGeneral |
Other Expenses OtherExpenses (5 entries)
| DescriptionDescription | TotalTotal | Program ServicesProgramServices | Management And GeneralManagementAndGeneral |
|---|---|---|---|
| Licensing Fees | 316542 | 316542 | |
| Bad Debt Expense | 200436 | 200436 | |
| Materials & Supplies | 89864 | 89864 | |
| Student Expenses | 61026 | 61026 | |
| Postage | 53816 | 53816 |
All Other Expenses AllOtherExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 254355 | Total |
| Program Services | 105808 | ProgramServices |
| Management And General | 148547 | ManagementAndGeneral |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 12957201 | Total |
| Program Services | 6364047 | ProgramServices |
| Management And General | 6593154 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1956896 | BOY |
| EOY | 679642 | EOY |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 7275949 | BOY |
| EOY | 20755720 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1073992 | BOY |
Other Notes Loans Receivable Net OtherNotesLoansReceivableNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 54468 | BOY |
| EOY | 8400870 | EOY |
Inventories For Sale Or Use InventoriesForSaleOrUse
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 407185 | BOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 235097 | BOY |
| EOY | 63925 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 11433270 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 1689524 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 12016760 | BOY |
| EOY | 9743746 | EOY |
Investments Pub Traded Securities InvestmentsPubTradedSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1004534 | BOY |
Investments Other Securities InvestmentsOtherSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2214760 | BOY |
| EOY | 3545348 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 51724 | BOY |
| EOY | 0 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 26291365 | BOY |
| EOY | 43189251 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1089401 | BOY |
| EOY | 1000 | EOY |
Deferred Revenue DeferredRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 863181 | BOY |
Tax Exempt Bond Liabilities TaxExemptBondLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 4625000 | BOY |
Mort Notes Pybl Secured Invest Prop MortNotesPyblSecuredInvestProp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1109240 | BOY |
| EOY | 18172 | EOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 148725 | BOY |
| EOY | 84520 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 7835547 | BOY |
| EOY | 103692 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 18455818 | BOY |
| EOY | 43085559 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 18455818 | BOY |
| EOY | 43085559 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 26291365 | BOY |
| EOY | 43189251 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | 0 | AccountantCompileOrReview |
| FS Audited | 1 | FSAudited |
| Audit Committee | 0 | AuditCommittee |
| Financial Statement Consolidated | X | FinancialStatementConsolidated |
| Federal Grant Audit Required | 1 | FederalGrantAuditRequired |
| Federal Grant Audit Performed | 1 | FederalGrantAuditPerformed |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| School170b1 Aii | X | School170b1Aii |
Schedule D IRS990ScheduleD
Land Land
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 3118557 | OtherCostOrOtherBasis |
| Book Value | 3118557 | BookValue |
Buildings Buildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 3116812 | OtherCostOrOtherBasis |
| Depreciation | 744196 | Depreciation |
| Book Value | 2372616 | BookValue |
Leasehold Improvements LeaseholdImprovements
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 5046063 | OtherCostOrOtherBasis |
| Depreciation | 842400 | Depreciation |
| Book Value | 4203663 | BookValue |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 151838 | OtherCostOrOtherBasis |
| Depreciation | 102928 | Depreciation |
| Book Value | 48910 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 9743746 | TotalOfBookValueLandBuildings |
Other Securities OtherSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | Investment in Subsidiary | Description |
| Book Value | 3545348 | BookValue |
| Method Of Valuation | C | MethodOfValuation |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Securities | 3545348 | TotalOfBookValueSecurities |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | RENTAL DEPOSITS | Description |
| Amount | $84,520 | Amount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 84520 | TotalOfAmounts |
| Total Revenue | 38821281 | TotalRevenue |
| Total Expenses | 12957201 | TotalExpenses |
| Excess Or Deficit For Year | 25864080 | ExcessOrDeficitForYear |
| Net Unrealized GL On Investments | -1234339 | NetUnrealizedGLOnInvestments |
| Total Adjustments | -1234339 | TotalAdjustments |
| Excess Or Deficit Per FS | 24629741 | ExcessOrDeficitPerFS |
| Tot Revenue Etc Audited Fincl Stmt | 38278859 | TotRevenueEtcAuditedFinclStmt |
| Net Unrealized Gains Investments | -1234339 | NetUnrealizedGainsInvestments |
| Other Revenues | 691917 | OtherRevenues |
| Revenue Not Rptd F990 | -542422 | RevenueNotRptdF990 |
| Revenue Subtotal | 38821281 | RevenueSubtotal |
| Revenue Not Rptd On Fin Stmt | 0 | RevenueNotRptdOnFinStmt |
| Total Revenue Per Form990 | 38821281 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 13649118 | TotExpensesEtcAuditedFinclStmt |
| Other Expenses Included | 691917 | OtherExpensesIncluded |
| Expenses Not Rptd F990 | 691917 | ExpensesNotRptdF990 |
| Expenses Subtotal | 12957201 | ExpensesSubtotal |
| Expenses Not Rptd On Fin Stmt | 0 | ExpensesNotRptdOnFinStmt |
| Total Expenses Per Form990 | 12957201 | TotalExpensesPerForm990 |
Form990 Schedule D Part XIV Form990ScheduleDPartXIV (2 entries)
| IdentifierIdentifier | ExplanationExplanation |
|---|---|
| Part XII, Line 2d - Other Adjustments: | COST OF SALES: 545323. RENTAL EXPENSES: 146594. |
| Part XIII, Line 2d - Other Adjustments: | COST OF SALES: 545323. RENTAL EXPENSES: 146594. |
Schedule E IRS990ScheduleE
| Field | Value | IRS element (for citing) |
|---|---|---|
| Nondiscriminatory Policy Stmt | 1 | NondiscriminatoryPolicyStmt |
| Policy Statement In Brochures Etc | 1 | PolicyStatementInBrochuresEtc |
| Policy Publ Via Broadcast Media | 1 | PolicyPublViaBroadcastMedia |
| Pub Via Broadcast Media Expln | THE NONDISCRIMINATORY POLICIES ARE STATED IN ALL NEWSPAPER ADS BROADCAST MEDIA AND STUDENT BROCHURES. | PubViaBroadcastMediaExpln |
| Maint Racial Composition Records | 1 | MaintRacialCompositionRecords |
| Maint Scholarships Records | 1 | MaintScholarshipsRecords |
| Maint Copies Of Brochures Etc | 1 | MaintCopiesOfBrochuresEtc |
| Maint Copies Of All Solicitations | 1 | MaintCopiesOfAllSolicitations |
| Discriminate Race Students Rights | 0 | DiscriminateRaceStudentsRights |
| Discriminate Race Admiss Policies | 0 | DiscriminateRaceAdmissPolicies |
| Discriminate Race Emplmn Faculty | 0 | DiscriminateRaceEmplmnFaculty |
| Discriminate Race Scholarships | 0 | DiscriminateRaceScholarships |
| Discriminate Race Educ Policies | 0 | DiscriminateRaceEducPolicies |
| Discriminate Race Use Of Fclts | 0 | DiscriminateRaceUseOfFclts |
| Discriminate Race Athletic Prog | 0 | DiscriminateRaceAthleticProg |
| Discriminate Race Other Acty | 0 | DiscriminateRaceOtherActy |
| Government Financial Aid Received | 1 | GovernmentFinancialAidReceived |
| Government Financial Aid Revoked | 0 | GovernmentFinancialAidRevoked |
| Govt Financial Aid Explanation | SOUTHWEST FLORIDA COLLEGE PARTICIPATES IN FEDERAL TITLE IV, HEA PROGRAMS FOR ELIGIBLE STUDENTS | GovtFinancialAidExplanation |
| Compliance With Rev Proc7550 | 1 | ComplianceWithRevProc7550 |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Records Maintained | 1 | RecordsMaintained |
Form990 Schedule I Part III Form990ScheduleIPartIII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Type Of Grant | various scholarships given to students | TypeOfGrant |
| Amount Of Cash Grant | 486258 | AmountOfCashGrant |
Form990 Schedule I Part IV Form990ScheduleIPartIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | Procedure for Monitoring Grants in the U.S.: | Identifier |
| Return Reference | Part I, Line 2: | ReturnReference |
| Explanation | Schedule I, Part I, Line 2: The Financial Aid Department is available to help eligible students in procuring financial assistance to meet the cost of a college education. The primary responsibility for meeting the cost of education rests with the student and his or her family; however, the financial aid programs are designed to provide assistance to students whose personal resources are not sufficient to meet the full cost of their education. The majority of financial aid is provided through federal student aid programs that are administered by the Office of Federal Student Aid (FSA) in the U.S. Department of Education. These programs include the Federal Pell Grant, Federal Supplemental Educational Opportunity Grant (FSEOG), Academic Competitiveness Grant (ACG), Federal Work-Study (FWS), Federal Family Educational Loan Program (FFELP), and the William D. Ford Federal Direct Loan Program. Most federal student aid is based on financial need rather than scholastic achievement and is awarded regardless of sex, age, race, color, religion, creed, or national origin. Most grants are targeted to low- income students. However, students do not have to be low income or show financial need to receive certain loans. Need is defined as the difference between the cost of education for one academic year and the amount a student can reasonably be expected to contribute to the cost of education for the same period. Students are strongly encouraged to apply for financial aid well in advance of the start of school to allow ample time for application processing. Financial aid applications must be completed fully, accurately and supported by proper documentation before approval can be granted and the aid awarded. Depending on the enrollment date, students may be required to apply for financial aid more than once during the calendar year. The College administers its financial aid programs in accordance with federal and state laws and its own institutional policies. Compliance with the rules and regulations governing financial aid is the responsibility of both the student and the College and students who are not in compliance with the regulations will be ineligible to receive financial assistance. CONSUMER INFORMATION Most of the public disclosure information required by the Higher Education Amendments of 1986 has been included in this catalog. Financial Aid Representatives are available to discuss consumer information in more detail with current and prospective students and to address any questions or concerns that may arise. Detailed information regarding Southwest Florida College and its Financial Aid programs, Completion/Graduation rates and Campus Crime Report can be obtained in the Learning Resource Center. In addition, the Learning Resource Center can provide information regarding the Family Educational Rights and Privacy Act (FERPA) and Drug and Alcohol Abuse Prevention. FINANCIAL AID ELIGIBILITY Student eligibility criteria for all of the federal student aid programs require that a student must: Be enrolled or accepted for enrollment as a regular student in an eligible program at an eligible institution of higher education; Provide a valid and verifiable social security number; Not be simultaneously enrolled in a secondary school; Have a high school diploma or its recognized equivalent (General Education Development Certificate GED); Be a U.S. Citizen or eligible non-citizen; Be registered with Selective Service (or exempt) if a male student over 18 years of age; For Federal Pell Grants and Federal SEOG, not have previously received a baccalaureate degree; Have a need for financial assistance, as defined by the individual program requirements (not required for Unsubsidized and PLUS Loans); Maintain satisfactory academic progress; Not be in default on any Federal Title IV Loan or owe a repayment on any Federal Title IV Grant received for attendance at any institution; Not have borrowed in excess of annual or aggregate limits on any Title IV Loan; Not have had been convicted of or have pled nolo contender or guilty to a crime involving fraud in obtaining Title IV, HEA financial assistance; Have signed a statement on the Free Application for Federal Student Aid (FAFSA) certifying that Federal Student Aid will be used only for educational purposes. Be enrolled on at least a half-time basis (FFEL and Direct Loan recipients only) Not have been convicted of a Federal or State offense involving the possession or sale of a controlled substance during a period of enrollment for which the student was receiving Title IV, HEA financial assistance. Be enrolled full-time to be eligible for an Academic Competitiveness Grant or a National Science and Mathematics Access to Retain Talent Grant. APPLICATION FOR FINANCIAL AID To apply for financial aid, a student must complete the Free Application for Federal Student Aid (FAFSA). The application must be completed with great care and accuracy. The Financial Aid Department is available to assist students in the completion of this form and to answer any questions pertaining to it. The FAFSA is used to determine eligibility for most types of financial aid programs. Once processed, the application will produce an Expected Family Contribution (EFC) amount that determines eligibility. When combined with other resources, a student's aid package may not exceed the cost of attendance. Financial aid from federal programs is not guaranteed from one year to the next and students must reapply every year. If the student transfers to another college or university, the financial aid does not automatically transfer with them. Students should check with their new school to find out the appropriate procedures for reapplying for financial aid. | Explanation |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Compensation Committee | X | CompensationCommittee |
| Independent Consultant | X | IndependentConsultant |
| Form990 Of Other Organizations | X | Form990OfOtherOrganizations |
| Compensation Survey | X | CompensationSurvey |
| Board Or Committee Approval | X | BoardOrCommitteeApproval |
| Severance Payment | 0 | SeverancePayment |
| Supplemental Nonqual Retire Plan | 1 | SupplementalNonqualRetirePlan |
| Equity Based Comp Arrangement | 0 | EquityBasedCompArrangement |
| Comp Based On Revenue Of Filing Org | 0 | CompBasedOnRevenueOfFilingOrg |
| Comp Based On Revenue Related Orgs | 0 | CompBasedOnRevenueRelatedOrgs |
| Comp Based Net Earnings Filing Org | 0 | CompBasedNetEarningsFilingOrg |
| Comp Based Net Earnings Relate Orgs | 0 | CompBasedNetEarningsRelateOrgs |
| Any Non Fixed Payments | 1 | AnyNonFixedPayments |
| Initial Contract Exception | 0 | InitialContractException |
Form990 Schedule J Part II Form990ScheduleJPartII (5 entries)
| Base Compensation Filing OrgBaseCompensationFilingOrg | Comp Based On Related OrgsCompBasedOnRelatedOrgs | Bonus Filing OrgBonusFilingOrg | Bonus Related OrgsBonusRelatedOrgs | Other Compensation Filing OrgOtherCompensationFilingOrg | Other Compensation Related OrgsOtherCompensationRelatedOrgs | Deferred Comp Filing OrgDeferredCompFilingOrg | Deferred Comp Related OrgsDeferredCompRelatedOrgs | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrg | Nontaxable Benefits Related OrgsNontaxableBenefitsRelatedOrgs | Total Compensation Filing OrgTotalCompensationFilingOrg | Total Compensation Related OrgsTotalCompensationRelatedOrgs | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrg | Comp Report Prior990 Related OrgsCompReportPrior990RelatedOrgs |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| DONALD C JONES | |||||||||||||
| 367274 | 0 | 130120 | 0 | 1977678 | 0 | 0 | 0 | 10293 | 0 | 2485365 | 0 | 0 | 0 |
| SHARON JONES | |||||||||||||
| 223105 | 0 | 79044 | 0 | 149528 | 0 | 0 | 0 | 10293 | 0 | 461970 | 0 | 0 | 0 |
| GREGORY JONES | |||||||||||||
| 360290 | 0 | 117000 | 0 | 320375 | 0 | 0 | 0 | 28451 | 0 | 826116 | 0 | 0 | 0 |
| TOM TIMOTHY | |||||||||||||
| 135000 | 0 | 0 | 0 | 130594 | 0 | 0 | 0 | 1000 | 0 | 266594 | 0 | 0 | 0 |
| STEPHEN CALABRO | |||||||||||||
| 150894 | 0 | 62961 | 0 | 361535 | 0 | 0 | 0 | 0 | 0 | 575390 | 0 | 0 | 0 |
Form990 Schedule J Part III Form990ScheduleJPartIII (2 entries)
| Return ReferenceReturnReference | ExplanationExplanation |
|---|---|
| Part I, Line 4a | The Organization maintained a supplemental plan ("SERP II") for Mr. Donald Jones, which made a distribution to him of his entire interest in 2009. The SERP II sought to provide Mr. Jones with the value of an annuity providing to him with 60% of his final pay with the Organization following his career with the Organization of 34 years (offset by retirement benefits Mr. Jones has received from other plans). The total amount of the benefit distribution was $1,976,458.96. The Organization formerly maintained a supplemental plan ("SERP II") for Ms. Sharon Jones, which made a distribution to her of her entire interest in 2008. During 2009, a mathematical error was discovered in the benefit distribution to Ms. Jones during 2008. A corrective distribution was made to Ms. Jones during 2009 equal to $148,725.62. |
| Part I, Line 7 | The Organization maintains an incentive compensation program that pays variable compensation based on the satisfaction by the Organization and the executive, if and to the extent satisfied, of pre-established customer satisfaction, financial and similar goals established by the Compensation Committee and the Board. During 2007, the Organization announced that it would be soliciting purchasers for the sale of Southwest Florida College, in connection with which the executives of the Organization were principally employed. In order to facilitate the sale of that College by ensuring continuity of the College's management, the Board developed a Pay to Stay program for certain members of its senior staff. Under the Pay to Stay program, understanding that executives would pursue other opportunities knowing they would likely soon lose their jobs, certain executives were promised bonus payments if they remained with the Organization through certain key dates. The first date was January 2, 2009, at which time the executive was to receive a payment equal to one-half of his base pay. The second date was the date of closing of the sale of the College, at which time the executive, if he were still employed, would receive another payment equal to one-half of his base pay. Under this program, Mr. Gregory Jones received $318,240, Dr. Stephen Calabro received $173,255.33 and Mr. Thomas Timothy received $130,000. Mr. Donald Jones and Mrs. Sharon Jones were not eligible to participate in this program. [NOTE: In the Form 990 for the Organizations' fiscal year ended June 30, 2009, it was erroneously reported that these Pay to Stay program participants received distributions under the program subject to reporting on the Form 990 for the Organizations' fiscal year ended June 30, 2009. The distributions on the Form 990 for the Organizations' fiscal year ended June 30, 2009 actually were made in 2009 and therefore are reflected in the figures disclosed in this paragraph. Accordingly, this Form 990 is a re-disclosure of the same amounts disclosed for Mr. Gregory Jones, Dr. Stephen Calabro and Mr. Thomas Timothy on the Form 990 for the Organizations' fiscal year ended June 30, 2009.] Incident to the sale of Southwest Florida College, whereby Dr. Calabro would cease employment with the Organization, the Board approved a one time base pay amount to be payable to Dr. Calabro due to a variety of considerations. Principally among them were: (i) the desire to reward Dr. Calabro for the many years of service and the commitment he had shown during the sale process, (ii) his substandard retirement benefits throughout his career with the Organization, and (iii) the absence of any severance benefits. The payment amount was $178,612.67. |
Schedule N IRS990ScheduleN
Disposition Table DispositionTable
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description Of Asset | SALE OF ALL ASSETS AND RELATED LIABILITIES OF SOUTHWEST FLORIDA COLLEGE | DescriptionOfAsset |
| Date Of Distribution | 2009-11-02 | DateOfDistribution |
| FMV Of Asset | 29139528 | FMVOfAsset |
| Method Of FMV Determination | SALES PRICE | MethodOfFMVDetermination |
| EIN | 270397028 | EIN |
Name Business NameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | SFC ACQUISITION CORP | BusinessNameLine1 |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1685 MEDICAL LAND | AddressLine1 |
| City | FORT MYERS | City |
| State | FL | State |
| ZIP Code | 33907 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRC Section | CORPORATION | IRCSection |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Director Of Successor2 | 0 | DirectorOfSuccessor2 |
| Employee Of Successor2 | 1 | EmployeeOfSuccessor2 |
| Owner Of Successor2 | 0 | OwnerOfSuccessor2 |
| Receive Compensation2 | 1 | ReceiveCompensation2 |
Form990 Schedule N Part III Form990ScheduleNPartIII (2 entries)
| ExplanationExplanation |
|---|
| Part II, Line 2e: DR. Calabro became an employee for the successor organization and Mr. Don Jones, Ms. Sharon Jones and Mr. Gregory Jones became independent contractors. |
| Part II, Line 2e: Mr. Don Jones, Ms. Sharon Jones and Mr. Gregory Jones were required to commit to personal non-competition obligations with the purchaser as a condition of the sale transaction, for which they receive cash consideration over the non-compete period from the purchaser if they continue to comply with the non-competition obligations. |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (6 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| Form 990, Part III, line 3 | Changes in Program Services | THE ORGANIZATION SOLD ITS ASSETS THAT WERE USED TO RUN SOUTHWEST FLORIDA COLLEGE. THE ORGANIZATION NO LONGER RUNS THE DAY TO DAY OPERATIONS OF THE SCHOOL. |
| Form 990, Part VI, Section A, line 2 | Donald Jones (Director and Chief Executive Officer) and Sharon Jones (Director and Treasurer) are married. Gregory Jones (Director and President) is their son. Thomas Timothy (key employee) is Sharon Jones' son. | |
| Form 990, Part VI, Section B, line 11 | A copy of the completed Form 990 is presented to the Board members in advance of a regular meeting of the Board. The Board members are afforded the opportunity to ask questions and request changes (if there are perceived factual inaccuracies). The final Form 990 is approved as presented or, if applicable, as changed, by a majority vote of the members present at the meeting. | |
| Form 990, Part VI, Section B, line 12c | The Organization maintains a Conflict of Interest Policy to ensure that conflicts between and among the Organization, its employees and its directors are properly disclosed and, if improper, avoided. The Organization enforces this policy by requiring that improper conflict of interest relationships are avoided or eliminated and by ensuring that Directors with real or perceived conflicts abstain from debating or voting upon matters related to the conflict. | |
| Form 990, Part VI, Section B, line 15 | The Organization's Board has adopted a Compensation Policy (the "Policy") for Covered Individuals. Pursuant to the Policy, a Compensation Committee of independent directors was established to review the compensation of all employees specified as having a substantial influence over the organization and who receive remuneration from the Organization, including, among others, the Organization's President and Chief Executive Officer, the Organization's President and the Organization's Chief Financial Officer. The Compensation Committee is advised by an independent compensation consultant, which opines to the Compensation Committee that the level of compensation paid and the process by which compensation is established meet applicable IRS reasonableness and "safe harbor" standards. The outside compensation consultant provides data of compensation provided at similar organizations to ensure that the Organization does not compensate in excess of market norms. | |
| Form 990, Part VI, Section C, line 19 | Compass Rose Foundation, over the course of its fiscal year, publicly reports its fiscal and governing profile under requirements coming from the United States Department of Education, Florida Department of Education Commission for Independent Education and the Accrediting Council of Independent Colleges and Schools. |
Schedule R IRS990ScheduleR
Form990 Schedule R Part IV Form990ScheduleRPartIV
Name Of Related Org NameOfRelatedOrg
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | SUNSTATE COLLEGE INC | BusinessNameLine1 |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2040 COLONIAL BLVD | AddressLine1 |
| City | FORT MYERS | City |
| State | FL | State |
| ZIP Code | 33907 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 592390702 | EIN |
| Primary Activity | POST SECONDARY EDUCATION SCHOOL | PrimaryActivity |
| Legal Domicile State | FL | LegalDomicileState |
| Direct Controlling Entity NA | N/A | DirectControllingEntityNA |
| Type Of Entity | C | TypeOfEntity |
| Percentage Ownership | 1.00000 | PercentageOwnership |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Ann Rents Royalties | 0 | ReceiptOfIntAnnRentsRoyalties |
| Gift Grant Or Cap Contr To Other Org | 0 | GiftGrantOrCapContrToOtherOrg |
| Gift Grant Or Cap Contr Fr Other Org | 0 | GiftGrantOrCapContrFrOtherOrg |
| Loans Or Guarantees To Other Org | 1 | LoansOrGuaranteesToOtherOrg |
| Loans Or Guarantees From Other Org | 0 | LoansOrGuaranteesFromOtherOrg |
| Sale Of Assets To Other Org | 0 | SaleOfAssetsToOtherOrg |
| Purchase Of Assets From Other Org | 0 | PurchaseOfAssetsFromOtherOrg |
| Exchange Of Assets | 0 | ExchangeOfAssets |
| Rental Of Facilities To Other Orgs | 0 | RentalOfFacilitiesToOtherOrgs |
| Rental Of Facilities Fr Other Orgs | 0 | RentalOfFacilitiesFrOtherOrgs |
| Perform Of Services For Other Orgs | 0 | PerformOfServicesForOtherOrgs |
| Perform Of Services By Other Orgs | 0 | PerformOfServicesByOtherOrgs |
| Sharing Of Facilities | 0 | SharingOfFacilities |
| Sharing Of Paid Employees | 1 | SharingOfPaidEmployees |
| Reimbursement Paid To Other Org | 0 | ReimbursementPaidToOtherOrg |
| Reimbursement Paid By Other Org | 0 | ReimbursementPaidByOtherOrg |
| Other Transfer To Other Org | 0 | OtherTransferToOtherOrg |
| Other Transfer From Other Org | 0 | OtherTransferFromOtherOrg |
Transactions Related Orgs Table TransactionsRelatedOrgsTable
Name Of Other Organization NameOfOtherOrganization
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | SUNSTATE COLLEGE | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Transaction Type | D | TransactionType |
| Amount Involved | 31013 | AmountInvolved |