2011-05-16T17:50:33-04:00 2010-06-30 CROSSLIN & ASSOCIATES PC 2525 WEST END SUITE 1100 NASHVILLE TN 37203 990 2009-07-01 620202000 FISK UNIVERSITY FISK 6153298500 1000 17TH AVENUE NASHVILLE TN 37208 CLANCY ROBERTS 6153298500 2011-05-16 true RICHARD M WINSTEAD 6153205500 2009 2016-02-24 21:20:13Z CLANCY ROBERTS 1000 17TH AVENUE NASHVILLE TN 37208 25460340 false X WWW.FISK.EDU X INSTITUTION 1867 TN Fisk University produces graduates from diverse backgrounds with the integrity and intellect required for substantive contributions to society. 26 26 630 6 0 12057002 10775358 11067455 10412034 126366 105964 4430518 4166984 27681341 25460340 4076679 3889647 0 0 11729507 11565744 0 0 656562 12445307 12774392 28251493 28229783 -570152 -2769443 109844401 107539550 18788852 19025140 91055549 88514410 FISK UNIVERSITY PRODUCES GRADUATES FROM DIVERSE BACKGROUNDS WITH THE INTEGRITY AND INTELLECT REQUIRED FOR SUBSTANTIVE CONTRIBUTIONS TO SOCIETY. OUR CURRICULUM IS GROUNDED IN THE LIBERAL ARTS. OUR FACULTY AND ADMINISTRATORS EMPHASIZE THE DISCOVERY AND ADVANCEMENT OF KNOWLEDGE THROUGH RESEARCH IN THE NATURAL AND SOCIAL SCIENCES, BUSINESS AND THE HUMANITIES. WE ARE COMMITTED TO THE SUCCESS OF SCHOLARS AND LEADERS WITH GLOBAL PERSPECTIVE. THE D.E.T.A.I.L.S. REPRESENTS FISK'S CORE VALUES. OUR VALUES REFLECT OUR OVERALL ETHICAL AND MORAL ENGAGEMENT. WE, THE FISK FAMILY, SEEK TO INTERNALIZE THESE PRINCIPLES AND APPLY THEM IN OUR DAY-TO-DAY WORK AND IN OUR LIVES. DIVERSITY WE BELIEVE THAT OUR INDIVIDUAL DIFFERENCES ARE A COLLECTIVE STRENGTH. WE WILL SUPPORT AND ENCOURAGE DIVERSITY OF OPINION, OF CULTURE AND AIDS US IN BUILDING A COLLECTIVE WISDOM THAT RESULTS IN MORE POWERFUL AND RELEVANT SOLUTIONS TO OUR CHALLENGES. EXCELLENCE WE BELIEVE THAT EXCELLENCE IS THE RESULT OF A LIFELONG PURSUIT OF false false 20159253 3889647 10412034 THE ORGANIZATION IS AN INSTITUTE OF HIGHER EDUCATION AND PROVIDES INSTRUCTION SCHOLARSHIPS AND VARIOUS SUPPORT SERVICES IN ACHIEVING ITS PRIMARY PURPOSE OF EDUCATING STUDENTS. 20159253 true true false false false false true false true true true false true false false false false false false false false false true true false false false false false false false false false false false false false false false false false true 91 0 true 630 true false false false false false false false false false 26 26 false false false false false false false true true false false true true true true true true true true false TN X CLANCY ROBERTS 6153298604 1000 17TH AVENUE NASHVILLE TN 37208 ALMA BROWN 1.0 X MIKE CURB 1.0 X EDDIE HAMILTON 1.0 X ROBERT HANFLING 1.0 X KASE LAWAL 1.0 X ROBERT MALLETT 1.0 X JOAN MOBLEY 1.0 X PATRICIA MEADOWS 1.0 X GREGG MORTON 1.0 X SHEILA PETERS 1.0 X DONNA RICE 1.0 X WILLIS SHEFTALL 1.0 X PERIAN STRANG 1.0 X MICHAEL WOODHOUSE 1.0 X WARREN COLLINS 40.0 X X 118509 0 2865 THE HONORABLE LESLIE MEEK 1.0 X EDDIE GEORGE 1.0 X HOWARD GENTRY JR 1.0 X CHERYL DANIEL 1.0 X LINDA COLEMAN 1.0 X BARBARA BOWLES 1.0 X P ANDREW PATTERSON 1.0 X ROBERT NORTON 1.0 X JOHN BLUFORD 1.0 X MICHAEL REEVES 1.0 X HAZEL O'LEARY 40.0 X X X X 238750 0 0 MARIE WILLIAMS 40.0 X X X 151042 0 2333 CHRISTOPHER M BROWN II 40.0 X X X 258750 0 4146 ARNOLD BURGER 40.0 X 140646 0 1943 907697 0 11287 5 false true false BONE MCALLESTER NORTON PLLC 500 UNION STREET SUITE 1600 NASHVILLE TN 37219 LEGAL SERVICES 186999 ORION BUILDING CORPORATION 2014 BROADWAY SUITE 200 NASHVILLE TN 37201 CONSTRUCTION SERVICE 209259 GCA SERVICES GROUP P O BOX 534198 ATLANTA GA 30353 JANITORIAL SERVICES 243541 ADVANTAGE BUILDERS INC 504 AUTUMN SPRINGS CT SUITE 23 FRANKLIN TN 37067 CONSTRUCTION SERVICE 379191 HONEYWELL INC 12490 COLLECTIONS CENTER DRIVE CHICAGO IL 60693 MAINTENANCE SERVICES 392020 7 7835223 2940135 10775358 TUITION AND FEES 10412034 10412034 10412034 105964 105964 0 0 0 0 0 0 AUXILLIARY INCOME 2934271 2934271 OTHER INCOME 586186 586186 INVOLUNTARY CONVERSION - FLOOD 646527 646527 4166984 25460340 13932491 752491 0 3889647 3889647 0 0 837697 259155 578542 0 9105981 6148071 2506836 451074 0 1622066 633138 869400 119528 0 0 402653 6669 395984 83001 83001 0 0 111456 109 111347 0 15410 12462 2798 150 549002 449817 80615 18570 232665 42518 181578 8569 0 1095522 942149 153373 451438 323965 108161 19312 0 16939 1230 15209 500 604602 519958 84644 0 3074455 2644031 430424 366265 314988 51277 REPAIRS AND MAINTENANCE 1042894 896889 146005 FOOD SERVICES 1107580 1097675 9905 CONTRACT SERVICES 871537 171045 683510 16982 STIPENDS 896300 896300 CONSULTING 148876 106791 42085 1703797 802646 879274 21877 28229783 20159253 7413968 656562 2625386 2184255 6231788 5812321 393851 355507 695162 707077 76215185 50873515 26893896 25341670 4802823 4937225 68201495 68201495 109844401 107539550 3841737 4058688 1126522 1519347 8729519 8464519 5091074 4982586 18788852 19025140 X 75481850 71792164 3648197 4530623 11925502 12191623 91055549 88514410 109844401 107539550 X false true true X true true X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 68201495 X X X X X EDUCATIONAL OUTREACH PROGRAMS false 12141741 266121 340558 137200 12611220 12431114 393527 -364075 118825 200000 12141741 0.00000 0.96673 0.03327 false false 123350 1084188 1207538 48777442 27971864 20805578 23425856 21215423 2210433 2804350 1686229 1118121 25341670 STIEGLITZ ART COLLECTION 68201495 F 68201495 0 DEPOSITS HELD IN CUSTODY 49000 ADV. FROM FED GOVT. FOR PERKIN 394866 BANK LINE OF CREDIT 4394689 CAPITAL LEASE OBLIGATION 144031 4982586 25460340 28229783 -2769443 228304 228304 -2541139 20552081 -3889647 -3889647 24441728 1018612 1018612 25460340 24340136 24340136 3889647 3889647 28229783 SCHEDULE D PART III LINE 4 Fisk University Galleries provides a welcoming environment and fosters an appreciation and understanding of art through exhibitions, classroom instruction, educational programs, and research. The Fisk art collection consists of more than 4000 works of art - paintings, prints, drawings, sculptures, photographs, historical artifacts and other objects - from cultures across the globe. Major collections include the Alfred Stiegltiz Collection of Modern Art, The Harmon Foundation Collection of African American Art, The Liff Family Collection of African Art, and The Winold Reiss Portrait Collection among many others. Works from the collection are exhibited regularly in permanent and temporary exhibitions at the university's Aaron Douglas and Carl Van Vechten galleries. They are also occasionally loaned for temporary exhibition at accredited museums across the United States. The galleries also seek to raise awareness and support an appreciation of art through the continued acquisition and preservation of works of art received as donations to Fisk University Galleries. The collections and any benefits from the art will be used for the mission of the University. SCHEDULE D PART XII LINE 2D $(3,889,647) SCHOLARSHIP EXPENSE SHOWN ON BOOKS AS REVENUE OFFSET REPORTED ON THE TAX RETURN AS AN EXPENSE. SCHEDULE D PART XII LINE 4B TOTAL OF $1,018,612 CONSISTS OF NON-OPERATING ACTIVITIES ON THE AUDIT INCLUDED IN REVENUE ON THE FORM 990: INTEREST AND DIVIDENDS $105,964 GAIN ON INVOLUNTARY CONVERSION $646,527 PRIVATE GIFTS AND GRANTS $266,121 SCHEDULE D PART XIII LINE 4B $3,889,647 SCHOLARSHIP EXPENSE SHOWN ON BOOKS AS REVENUE OFFSET REPORTED ON THE TAX RETURN AS AN EXPENSE. SCHEDULE D PART V LINE 4 THE UNIVERSITY'S ENDOWMENT CONSISTS OF INDIVIDUAL DONOR RESTRICTED FUNDS ESTABLISHED FOR A VARIETY OF PURPOSES. AS REQUIRED BY GAAP, NET ASSETS ASSOCIATED WITH ENDOWMENT FUNDS ARE CLASSIFIED AND REPORTED BASED ON THE EXISTENCE OR ABSENCE OF DONOR-IMPOSED RESTRICTIONS. THE UNIVERSITY CLASSIFIES AS PERMANENTLY RESTRICTED NET ASSETS (A) THE ORIGINAL VALUE OF GIFTS DONATED TO THE PERMANENT ENDOWMENT, (B) THE ORIGINAL VALUE OF SUBSEQUENT GIFTS TO THE PERMANENT ENDOWMENT, AND (C) ACCUMULATIONS TO THE PERMANENT ENDOWMENT MADE IN ACCORDANCE WITH THE DIRECTION OF THE APPLICABLE DONOR GIFT INSTRUMENT AT THE TIME THE ACCUMULATION IS ADDED TO THE FUND. THE REMAINING PORTION OF THE DONOR-RESTIRCTED ENDOWMENT FUND THAT IS NOT CLASSIFIED IN PERMANENTLY RESTRICTED NET ASSETS IS CLASSIFIED AS TEMPORARILY RESTRICTED NET ASSETS UNTIL THOSE AMOUNTS ARE APPROPRIATED FOR EXPENDITURE BY THE UNIVERSITY IN A MANNER CONSISTENT WITH THE STANDARD OF PRUDENCE PRESCRIBED BY APPLICABLE STATE LAWS. true true true THE COLLEGE'S NONDISCRIMINATORY POLICY IS PRINTED IN THE "EMPLOYEE POLICIES AND PROCEDURES" MANUAL AS WELL AS THE STUDENT HANDBOOK. true true true true false false false false false false false false true false THROUGH AN APPROVED PROGRAM PARTICIPATION AGREEMENT (PPA) WITH THE U.S. DEPARTMENT OF EDUCATION (DOE), FISK UNIVERSITY IS APPROVED TO PARTICIPATE IN ALL FEDERAL TITLE IV STUDENT FINANCIAL AID PROGRAMS AND WAS AWARDED A TITLE III GRANT FROM THE DOE UNDER "STRENGTHENING HISTORICALLY BLACK COLLEGES AND MINORITY SERVING INSTITUTIONS." true true SCHOLARSHIPS & FELLOWSHIPS FOR STUDENTS ATTENDING 276 3889647 N/A N/A SCHEDULE I PART I LINE 2 The Office of Sponsored Prorgrams is responsible for ensuring that auditable records are maintained in suppport of all direct and indirect charges to grants, contracts, or agreements. The Principal Investigator initially approves all expenditures of a sponsored project and is responsible for determining whether the sponsor will allow an item of direct cost, before the expenditure is processed. In addition, these expenditures are also closely reviewed and monitored by the Office of Sponsored Programs before the expenditure requisition is approved for payment to ensure that the grant funds are properly utilized for the purposes specified in the grant contract/agreeement. X true true X X X false false false false false false false false false MARIE WILLIAMS 151042 0 0 0 0 0 2333 0 0 0 153375 0 0 0 HAZEL O'LEARY 213750 0 0 0 25000 0 0 0 0 0 238750 0 0 0 CHRISTOPHER M BROWN II 213750 0 0 0 45000 0 4146 0 0 0 262896 0 0 0 990 PART VI SECTION A LINE 10 A COPY OF THE FORM 990 WAS DISTRIBUTED TO THE AUDIT COMMITTEE AND APPROVED ON MAY 12, 2011. THE AUDIT COMMITTEE CHAIR REVIEWED CHANGES MADE TO THE 990 AFTER THE AUDIT COMMITTEE MEETING THAT WERE DISCUSSED AND APPROVED BY THE AUDIT COMMITTEE MEMBERS AT THE MEETING. 990 PART VI SECTION B LINE 12C The Fisk University ("Fisk" or the "University") Board of Trustees (the "Board") has adopted a Conflict of Interest Policy (the "Policy") that is currently in effect. The Policy establishes a procedure for trustees to disclose conflicts or potential conflicts of interest as they arise. The Policy also creates a procedure whereby the individual facts of each situation can be assessed in relation to the best interests of the University and an informed, unbiased decision can be made with regard to whether a particular conflict is permissible or impermissible under the Policy. The Policy requires each trustee to submit an Annual Conflict of Interest Disclosure Statement at least annually to the Board Secretary. New trustees are required to submit the Annual Conflict of Interest Disclosure Statements upon accepting service on the Board and in no event later than his or her first Board/Board Committee meeting. The University endeavors to ensure strict compliance with this Policy. To achieve this goal, the University continually reminds and educates the Board members about conflicts issues. At new trustee orientation, the University's General Counsel provides a tutorial on conflicts issues, reviews the University's Bylaws regarding conflicts, and reviews the terms of the Policy, including reporting requirements. Also, at the beginning of each annual meeting of the Board, the Board members are reminded by the Board's Chairman, the University's President and the University's General Counsel about conflict reporting requirements; and, the Board members are required to submit an Annual Conflict of Interest Disclosure Statement prior to the adjournment of the meeting. Following the meeting, the University's General Counsel checks each Annual Conflict of Interest Disclosure Statement received to ensure that all trustees have completed the required form. The General Counsel obtains the Annual Conflict of Interest Disclosure Statement from any trustee who did not attend the annual meeting of the Board or who did not return the form at the adjournment of that meeting. Additionally, the University's Bylaws specify the President or his or her designee(s) as the only University official(s) authorized to enter into a binding agreement on behalf of the University. By limiting signatory authority to the President, the University has centralized and standardized its contract review process. All contracts are required to undergo review by the University's General Counsel, who submits a written recommendation with regard to the contract to the University's President. By centralizing and standardizing its contract review process through, at least these two offices, the University is able to, among other things, review all contractual arrangements to ensure that there are no undisclosed conflict of interests issues presented in any such arrangement. 990 PART VI SECTION B LINE 15B Governance and Administration: CEO evaluation/selection The governing board of the institution is responsible for the selection and the periodic evaluation of the chief executive officer. The Fisk Board of Trustees employs search firms that specialize in the placement of senior administrative personnel at institutions of higher education. The search firm then manages the entire recruitment process, including job search postings, screenings of applicants and their credentials as well as the coordination of candidate interviews with selected members from the Fisk Board of Trustees. Such searches are conducted on a 'highly confidential' basis and do not involve the Office of Human Resources until such time as the Board of Trustees selects and announces the presidential candidate. In addition, the Board of Trustees, uses its legal counsel to formulate and/or review all presidential contracts for the University. Article V, Section 1 of Fisk University's ("Fisk" or the "University") Amended and Restated Bylaws (the "Bylaws") confers to its Board of Trustees (the "Board") the authority to appoint the President, who serves as the University's Chief Executive Officer. Specifically, Article V, Section 1 of the Bylaws states that the Board is responsible for the selection of the institution's President. Pursuant to Article IV, Section 1 of the Bylaws, the Executive Committee of the Board is charged with responsibility of evaluating the President's performance and setting his or her compensation. Under this provision of the Bylaws, the Executive Committee is comprised of the Board Chairman, Vice-Chairman, the Secretary of the Board, the Chairpersons of each of the Board's Standing Committees, and the President. The Executive Committee is staffed by the General Counsel and Secretary, who serves as an ex officio member of the Committee. The Bylaws direct the Executive Committee to develop, implement and evaluate the President's performance management program, compensation, and conditions of employment. The employment agreement between the University and the University's current President also sets forth a process for the President's evaluation. The employment agreement requires the President to develop a performance plan under which she is to be evaluated. Specifically, Section 3(B) of the agreement contemplates that the Board may perform an annual or periodic performance review of the President. The date(s) and frequency of such performance review(s) to occur are to be determined in the sole discretion of the University's Board of Trustees, through the applicable Committee of the Board (the "Committee"). Section 3(B) of the employment agreement also states that the President's initial performance plan shall be adjusted annually by the Committee and the President prior to the close of each fiscal year. Compensation data is evaluated utilizing salary data provided by CUPA-HR so as to compare Fisk compensation data with comparable compensation for similarly qualified persons in functionally comparable positions at similarly situated organizations. Compensation data for the President, other offices and/or key employees of the University are kept in their respective personnel files within the Office of Human Resources. Compensation data for the President and Provost are also retained by the University's Legal Counsel. 990 PART VI SECTION C LINE 19 FISK UNIVERSITY HAS COPIES OF ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ON FILE TO BE MADE AVAILABLE TO THE PUBLIC UPON REQUEST.