2011-02-09T09:51:07-05:00 2010-06-30 ERNST & YOUNG US LLP 75 BEATTIE PLACE SUITE 800 GREENVILLE SC 29601 990 2009-07-01 590859121 ECKERD COLLEGE INC ECKE 7278671166 4200 54TH AVENUE SOUTH ST PETERSBURG FL 33711 Christopher P Brennan 2011-02-06 8642425740 2009 2016-02-24 21:20:13Z Christopher P Brennan 4200 54th Avenue S St Petersburg FL 33711 99270386 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. 29 28 1632 291 479245 0 10440952 12422106 78850221 82485258 1134112 847657 108030 145864 90533315 95900885 21742825 22916313 0 0 30399318 29808256 0 0 1834185 33223003 33480371 85365146 86204940 5168169 9695945 139431826 151400193 46349881 46118971 93081945 105281222 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 48862430 22908413 70057466 Instruction and scholarships to/for students - This includes instruction and scholarship for traditional students as well as returning adult students over the age of 25. Residential students from 45 states and 35 countries, along with our program for experienced learners can choose among 40 majors leading to a Bachelor of Arts or Bachelor of Science degree or design their own interdisciplinary concentrations. Attending Eckerd College during the 2009/2010 academic year were 2,497 (FTE) full-time and part-time degree-seeking students. For information about majors, minors, & special offerings please visit www.eckerd.edu/academics or www.eckerd.edu/admissions for scholarship information. 12255097 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. 10816326 12427792 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. 3281854 75215707 true true false true false false false false true true false true true true true false false false 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 true 3682 0 true 1632 true true true true UK CJ false false false true true true 8 false false true 29 28 false false true 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 X Christopher P Brennan 7278648122 4200 54th Ave S St Petersburg FL 33711 Payton F Adams 1.0 X 0 0 0 Robert Atwell 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 Eve Konstan 1.0 X 0 0 0 Dennis Lehane 1.0 X 0 0 0 Michael C Markovitz 1.0 X 0 0 0 Gabriele Mazza 1.0 X 0 0 0 Bill McBride 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 37.5 X X 495010 0 121033 Lisa A Mets 37.5 X 116819 0 25021 Christopher P Brennan 37.5 X 115221 0 25908 Lloyd Chapin 37.5 X 173258 0 33973 James Annarelli 37.5 X 123129 0 26413 Tom Oberhofer 37.5 X 297802 0 31831 David Henderson 37.5 X 181068 0 33311 Matthew Bisset 37.5 X 154020 0 28905 James Deegan 37.5 X 136374 0 26821 1792701 0 353216 26 false true false Unicco Service Co 4002 Solutions Center CHICAGO IL 60693 Facilities Mgmt 932003 The MV Group Inc PO Box 46785 ST PETERSBURG FL 33741 Plan & Const Supv 232615 Ernst Young LLP PO Box 406725 ATLANTA GA 30384 Accountants 221616 Sungard SCT Inc PO Box 7777-W6825 PHILADELPHIA PA 19175 Software Support 178581 Larry Silverberg 6525 34th Terr N ST PETERSBURG FL 33710 Instructional Dev 166087 9 77241 2283093 10061772 3546772 12422106 Tuition and fees 611600 64013633 64013633 Auxiliary Services 611710 12427792 12427792 Continuing Education 611600 6043833 5563679 480154 82485258 834115 834115 0 0 98881 69023 29858 29858 29858 3225511 48975 3229043 31901 -3532 17074 13542 13542 51374 77241 39534 11840 11840 948 948 948 0 Other - Misc 900099 104127 104127 PARTNERSHIP INCOME 525990 -909 -909 103218 95900885 82005104 479245 994430 7900 7900 22908413 22908413 0 0 1005999 228534 777465 0 21172775 18120475 2117971 934329 1893759 1629487 186086 78186 4173872 2656876 1370701 146295 1561851 1339754 154215 67882 0 120431 112551 7880 321403 865 320538 70875 70875 0 31296 31296 1205872 796269 318704 90899 616957 519709 68022 29226 2473365 1694141 644339 134885 796093 160326 634681 1086 394967 394967 8157367 7595875 561350 142 1957748 1688108 192880 76760 0 330913 287349 32259 11305 2134238 2120310 13928 0 4209705 3983952 225753 1085639 11103 1074536 Food Services 3983776 3876533 80503 26740 Donor Relations 133831 16075 117756 MAINTENANCE & SERVICE CONTRACT 87143 78428 8060 655 INSTRUCTIONAL SUPPLIES & EXP 5368752 5100258 158335 110159 86204940 75215707 9155048 1834185 19903148 25332240 8536813 7889394 14184408 9156854 2247327 1420648 305012 359076 1531634 1602793 4642979 4617646 130908941 64638566 65751930 66270375 15866898 22921335 6239304 8731332 92300 65550 130073 3032950 139431826 151400193 5089023 4802494 2181980 3207743 30909788 30129909 3638257 3338302 4530833 4640523 46349881 46118971 X 46951301 59290929 15900438 15193007 30230206 30797286 93081945 105281222 139431826 151400193 X false true true X true true X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false false false false false false true 70875 false false 70875 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. 31384515 3519650 2910031 37814196 30753520 4509821 -3878826 31384515 0.35350 0.64650 false false 2584312 2584312 77677931 21388461 56289470 121377 97202 24175 42689304 38985564 3703740 7836017 4167339 3668678 66270375 HEDGE FOF ARCHSTONE OFFSHORE 3760791 F HEDGE FOF NYES LEDGE OFFSHORE 3789163 F HEDGE FOF INV FUND FOR FND 116851 F HEDGE FOF AEW GLOBAL PROP SEC 1064527 F 8731332 0 POST RETIRE BENEFIT & DEFERRED COMP 4640523 4640523 Endowment Funds Part V - Line 4 The intended uses of the endowment funds are for scholarships, faculty, program support and equipment purchases and maintenance. The calcuated spending distribution, as established by the board approved spending policy was $1,375,828 for the fiscal year ended June 30, 2010. However, in view of the current market conditions, the Board of Trustees elected not to draw the annual spending distribution for the year and instead supported those expenditures from operations. Fin 48 Part X, Line 2 The College and its affiliates are exempt from income taxes under section 501(a) as organizations described in Section 501(c)(3) of the United States Revenue Code. Accordingly, no provision for income tax has been made. Effective July 1, 2007, the organization adopted Fin 48, which resulted in no impact on the financial statements. true true true The nondiscriminatory policy is published in a local newspaper. true true true true false false false false false false false false true false The college receives grants for students and professors from federal, state and local government agencies. true Central America and the Caribbean 1 Program Services Instructional 126490 East Asia and the Pacific 1 Program Services Instructional 145681 Europe (including Iceland and Greenland) 1 4 Program Services Instructional 650977 Middle East and North Africa 1 Program Services Instructional 92669 South America 1 Program Services Instructional 84112 Sub-Saharan Africa 1 Program Services Instructional 126824 1 9 1226753 Residential Unit Part I - #3 Eckerd College maintains a residential unit in London to house students while attending college courses offered by the college. During FY10, the college housed 34 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. Golf Tournament 54766 46169 8597 644 4800 4184 2864 Auction 30239 4185 26054 150 500 950 3 43610 26887 16723 899 7298 2197 171 14877 128615 77241 51374 1543 12098 6531 671 18691 39534 11840 true X Eckerd College Grants 1421 14449232 Honors Scholarships 96 414199 Presidental Scholarships 456 5128324 Special Talent Scholarships 70 1143652 Institutional Grants 423 1196664 SEOG Grants 206 249643 Church, Campus, Letter, Osher & PEL Scholarships 141 326699 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 community 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 communciates 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 X false true false false false false false true false Donald R Eastman III 326769 0 138000 0 30241 0 24500 0 105329 0 624839 0 0 0 Lloyd Chapin 171153 0 0 0 2105 0 17808 0 17714 0 208780 0 0 0 Tom Oberhofer 71029 0 1261 0 225512 0 30848 0 1591 0 330241 0 0 0 David Henderson 20996 0 4218 0 155854 0 25287 0 8488 0 214843 0 0 0 Matthew Bisset 147737 0 3440 0 2843 0 15245 0 14926 0 184191 0 0 0 James Deegan 132736 0 0 0 3638 0 13800 0 15667 0 165841 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 by 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. Beginning in FY 2009-10, the President's bonus and incentive compensation was captured in base compensation instead of reporting separately in other compensation as Part II, B(ii). Therefore, the total compensation included in Schedule J Part II B is the calendar year end that includes the FY 2008-09 bonus and six months under the new methodology. Part I, Line 4b Two of the highest paid employees listed are retired faculty members who participated in a 457(f) non-qualified deferred compensation plan. In Schedule J, Part II, B(iii) are amounts which are considered other reportable compensation. These amounts are primarily the present value of the future deferred compensation. These amounts represent benefits which were earned over multiple years of service and vested upon retirement. Part I, Line 7 The president received a performance based bonus in 2009 which was recommended and approved by the Presidential Assessment and Compensation Committee and the Board of Trustees. The bonus was included in the 2009 W-2. However, it was accrued to the fiscal year 2008-2009 so is not in the officer salaries on the Form 990 Part IX Line 5. 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Significant Changes to Governing Documents Form 990, Part Vi, Line 4 The Board of Trustees adopted an amendment to the College's By-laws during FY10. The amendment clarified Article III, Section 6 "Removal of Trustees" by providing examples of good cause for removal of trustees. Process Used By Management and/or Governing Body to Review 990 Form 990, Part Vi, Line 11 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 service provider. The form, along with supporting schedules and statements, is reviewed and approved by the VP of Business and Finance. The independent tax services 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. Process to Monitor Transactions for Conflicts of Interest 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. Compensation Determination Process Form 990, Part VI, Lines 15a & 15B The Board of Trustees of Eckerd College hold 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 ratifiied 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 sets appropriate salary levels for all personnel and specifically reports salary increases of the vice-presidents, secretary, treasurer, deans and such other college officers to the executive committee. All matters discussed within a meeting of the Board of Trustees or its committees are documented within the minutes. Avail of Gov Docs, Conflict of Interest Policy, & Fin Stmts to General Public 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. 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. Eckerd College Real Estate LLC 4200 54th Ave S St Petersburg FL 33711 272423823 RE Holding FL -8518 2757583 Senior Living Centers Inc 4200 54th Ave S St Petersburg FL 33711 592961763 Retirement Fa FL 501(c)(3) 9 na EC LG Inc 31 Franklin Court S St petersburg FL 33715 470903766 re holding FL 501(C)(2) na Eckerd College properties Inc 4200 54th AVenue s st petersburg FL 33711 592124132 re holding FL 501(C)(3) 11c na ECP2 Inc 4200 54th Ave S St Petersburg FL 33711 591096272 RE Holding FL C Corporation 0 0 1.00000 false false false true false false false false false false false false false false false false false true Senior Living Centers Inc r 212130 Eckerd College Properties Inc r 1219654