2011-01-12T12:22:32-06:00 2010-06-30 MULLEN SONDBERG WIMBISH & STONE PA 2553 HOUSLEY ROAD SUITE 200 ANNAPOLIS MD 214016751 990 2009-07-01 520591421 ST JOHN'S COLLEGE STJO 4106262514 POBOX 2800 ANNAPOLIS MD 21404 BRONTE JONES PHD 4106262514 2011-01-12 1 SHARON M WIMBISH CPA 4102244920 2009 2016-02-24 21:20:13Z CHRISTOPHER NELSON 60 COLLEGE AVENUE ANNAPOLIS MD 21401 78582312 0 X www.sjca.edu X 1784 MD TO PROVIDE POST-SECONDARY EDUCATION 53 48 1051 200 0 0 13243325 12370431 48327990 47858345 3840296 3862611 3423901 505403 68835512 64596790 14020639 15871274 0 33631595 34231997 0 3114637 17378343 16266519 65030577 66369790 3804935 -1773000 208777095 217313096 44076696 43163694 164700399 174149402 St. John's College is a community dedicated to liberal education. Such education seeks to free men and women from the tyrannies of unexamined opinions and inherited prejudices. It also endeavors to enable them to make intelligent, free choices concerning the ends and means of both public and private life.At St. John's, freedom is pursued mainly through thoughtful conversation about great books of the Western tradition. The books that are at the heart of learning at St. John's stand among the original sources of our intellectual tradition. They are timeless and timely; they not only illuminate the persisting questions of human existence, but also have great relevance to contemporary problems. They change our minds, move our hearts, and touch our spirits. 0 0 53557254 15871274 48622217 GRADUATE & UNDERGRADUATE COURSE OF STUDY FOR APPROXIMATELY 1100 STUDENTS 53557254 1 1 0 0 0 0 1 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 1 1 0 0 0 1 0 0 0 0 0 0 0 0 1 1738 0 1051 1 0 1 BD 0 0 0 0 0 53 48 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 MD NM X BRONTE JONES AND BRYAN VALENTINE 4106262514 60 COLLEGE AVENUE ANNAPOLIS MD 21401 MS SUSAN ALLEN 1.00 X 0 0 0 MR JOEL ARD 1.00 X 0 0 0 MS SHEILA ARMSTRONG 1.00 X 0 0 0 MR JOHN BELCHER 1.00 X 0 0 0 MR ROBERT BIENENFELD 1.00 X 0 0 0 MR GEORGE BINGHAM 1.00 X 0 0 0 MR STEVEN BOHLIN 1.00 X 0 0 0 MS JANA CAREY 1.00 X 0 0 0 MR RAY CAVE 1.00 X 0 0 0 MS JEAN CLARKE 1.00 X 0 0 0 MS JILL COOPER UDALL 1.00 X 0 0 0 MR GREG CURTIS 1.00 X 0 0 0 MR BRAD DAVIDSON 1.00 X 0 0 0 MR EVAN DUDIK 1.00 X 0 0 0 MR WILLIAM FANT 1.00 X 0 0 0 MS MICHELE FARQUHAR 1.00 X 0 0 0 MR STEPHEN FEINBERG 1.00 X 0 0 0 MR RON FIELDING 1.00 X 0 0 0 MR ROBERT GEORGE 1.00 X 0 0 0 MR STEWART GREENFIELD 1.00 X 0 0 0 MR RICHARD GROENENDYKE 1.00 X 0 0 0 MR KEITH HARRISON 1.00 X 0 0 0 MR JOHN JEFFRIES 1.00 X 0 0 0 MR WILLIAM JOHNSTON 1.00 X 0 0 0 MS LESLIE JUMP-WALKER 1.00 X 0 0 0 DR THOMAS KRAUSE 1.00 X 0 0 0 MR PERRY LERNER 1.00 X 0 0 0 MR AUSTIN LIGON 1.00 X 0 0 0 MR MARK LINDLEY 1.00 X 0 0 0 MR MICHAEL MACDONALD 1.00 X 0 0 0 MR DOUGLAS MAYER 1.00 X 0 0 0 MR MICHAEL MILLER 1.00 X 0 0 0 MR SCOTT MOMADAY 1.00 X 0 0 0 MR JAMES POLK III 1.00 X 0 0 0 MR SANJAY POOVADAN 1.00 X 0 0 0 MR THEODORE ROGERS 1.00 X 0 0 0 MR FORD ROWAN 1.00 X 0 0 0 MR MIKAEL SALOVAARA 1.00 X 0 0 0 MS PAMELA SAUNDERS ALBI 1.00 X 0 0 0 MR FREDERICA SAXON 1.00 X 0 0 0 MS LINDA SCHAEFER 1.00 X 0 0 0 MR JEREMY SHAMOS 1.00 X 0 0 0 MS JUSTINE SHAVER 1.00 X 0 0 0 DR PATRICIA SOLLARS 1.00 X 0 0 0 MR WARREN SPECTOR 1.00 X 0 0 0 MR MICHAEL UREMOVICH 1.00 X 0 0 0 MR WILLIAM WARREN 1.00 X 0 0 0 MS DELORES WOLF 1.00 X 0 0 0 MR LEE ZLOTOFF 1.00 X 0 0 0 MR CHRISTOPHER B NELSO 35.00 X X X 355210 0 168175 MR MICHAEL PETERS 35.00 X X X 261812 0 78914 MR MICHAEL DINK 35.00 X X X 146461 0 79112 MS VICTORIA MORA 35.00 X X X 146467 0 37052 MS BARBARA GOYETTE 35.00 X X 144679 0 30677 MR JIM OSTERHOLT 35.00 X X 157707 0 17841 MR BRYAN VALENTINE 35.00 X X 145465 0 35573 MS BRONTE D JONES 35.00 X X 150731 0 26394 MS MARILYN HIGUERA 35.00 X 128874 0 53950 MR JOHN VERDI 35.00 X 112141 0 44236 MR WILLIAM PASTILLE 35.00 X 111941 0 22988 MR JAMES CAREY 35.00 X 111540 0 20406 MS LYNDA MYERS 35.00 X 109756 0 18705 2082784 0 634023 32 0 1 0 ARAMARK 1160 CAMINO CRUZ BLANCA SANTA FE NM 87505 FOOD SERVICE 1463523 PARKHURST DINING SERVICE PO BOX 644091 PITTSBURGH PA 15264 FOOD SERVICE 1393287 THE NORTH CHARLES STREET DESIGN ORGANIZA 222 WEST SARATOGA STREET BALTIMORE MD 21201 MARKETING SERVICES 485382 JENZABAR PO BOX 845939 BOSTON MA 02284 COMPUTER SERVICES 380069 ASSOCIATED SECURITY INDUSTRIES 1221 S SAINT FRANCIS DR STE B SANTA FE NM 87505 SECURITY GUARD SERVICES 250247 12 2574822 9795609 700806 12370431 TUITION AND FEES 611600 39429323 39429323 ROOM AND BOARD FEES 611710 6687416 6687416 AUXILIARY ENTERPRISES 611710 1139410 1139410 602196 602196 47858345 3604142 3604142 14243991 13985522 258469 258469 258469 SABBATICAL LEAVE LIABI 900099 254187 254187 CHANGE IN VALUE OF SPL 900099 251216 251216 505403 64596790 48622217 0 3604142 15871274 15871274 1771061 363602 1056555 350904 21773223 17918034 2381233 1473956 2029667 1546017 398267 85383 6891070 4800024 1771785 319261 1766976 1401645 236692 128639 102168 102168 140885 140885 363865 223756 135183 4926 735820 459438 99698 176684 1631983 691599 647519 292865 365813 63467 293311 9035 1342137 1342137 302816 186839 30898 85079 84948 71163 12641 1144 1379404 278728 1100676 2896890 2799829 63222 33839 384832 717 384115 AUXILIARY ENTERPRISES - 2477668 2477668 STUDENT ACTIVITIES AND 1268772 1110835 106590 51347 OTHER SUPPLIES AND SERV 1129023 1053141 75882 0 EQUIPMENT RENTAL AND MA 826751 255308 477998 93445 COST OF GOODS SOLD 484268 484268 348476 157765 182581 8130 66369790 53557254 9697899 3114637 114378 270089 15542516 17224185 10467527 8089030 232589 740423 5840381 6111906 504850 509577 588260 820960 120882649 48568599 70633121 72314050 68634169 80329434 35166675 29767021 1052629 1136421 208777095 217313096 18626740 20411511 1473783 1429959 2017895 1807099 19730000 19295000 2000000 228278 220125 44076696 43163694 X 34030740 40992960 47671964 46629698 82997695 86526744 164700399 174149402 208777095 217313096 X 0 1 1 X 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X RARE AND OLD LIBRARY BOOKS 0 104269100 2946192 14302735 2699391 4319836 114498800 125411610 5588015 -17828549 3598099 5303877 104269100 0.27300 0.72700 0.00000 1 0 25000 2533640 2558640 96908836 39355876 57552960 4733279 1923010 2810269 9836657 7073778 2762879 6845237 215935 6629302 72314050 INVESTMENTS WITH THE COMMON FUND 8841225 F ALTERNATIVE INVESMENTS (INSTITUTIONAL), L.P. 7434865 F LEGACY VENTURE II, LLC 1588608 F LEGACY VENTURE III, LLC 806634 F BERENS CAPITAL FUND, LTD 6322282 F INVESTMENTS HELD BY THE HODSON SCHOLARSHIP FOUNDATION, INC. 2719666 F INVESTMENTS HELD IN CHARITABLE REMAINDER TRUSTS 1827890 F US GOVERNMENT AND CORPORATE BONDS 105875 F CERTIFICATES OF DEPOSIT 119976 F 29767021 UNAMORTIZED BOND PREMIUM 220125 220125 64596790 66369790 -1773000 11222003 11222003 9449003 59947519 11222003 -15871274 -4649271 64596790 0 64596790 50498516 0 50498516 15871274 15871274 66369790 Part III, Line 4: SANTA FE - THE ARTWORK PLACED AROUND CAMPUS, AS WELL AS LIBRARY BOOK COLLECTION, FURTHER THE PURPOSE OF THE COLLEGE BY EXPOSING STUDENTS TO FINE WORKS OF ART, IN BOTH THE WRITTEN AND SCULPTED FORM. THE EXCELLENCE AND THOUGHT REPRESENTED IN BOTH ART FORMS FIT VERY WELL WITH THE EXCELLENCE AND DEPTH OF THOUGHT AND CREATIVITY EXPECTED OF OUR STUDENTS. ANNAPOLIS - THE COLLECTION IS AN ECLECTIC ASSEMBLAGE OF FINE AND DECORATIVE ART OBJECTS THAT HAVE BEEN GIVEN TO THE COLLEGE OVER THE YEARS. THIS COLLECTION RANGES FROM UNFRAMED REPRODUCTION POSTERS TO FINE CHINESE SILK PAINTINGS. MANY OF THESE OBJECTS ARE ON DISPLAY THROUGHOUT CAMPUS AND ENRICH CLASSROOM, COMMON, AND OFFICE SPACES. Part V, Line 4: Description of Intended Use of Endowment Funds: THE COLLEGE INTENDS TO USE THE ENDOWMENT FUNDS TO SUPPLEMENT THE ANNUAL OPERATIONS OF THE COLLEGE AS WELL AS FULFILL DONOR RESTRICTIONS PLACED ON ENDOWMENTS. Part XII, Line 2d - Other Adjustments: FINANCIAL AID: -15871274. Part XIII, Line 4b - Other Adjustments: FINANCIAL AID: 15871274. 1 1 1 THE STUDENT HANDBOOK DESCRIBES THIS POLICY; THIS HANDBOOK IS DISTRIBUTED TO STUDENTS AS PART OF THE REGISTRATION PROCESS. 1 1 1 1 0 0 0 0 0 0 0 0 1 0 THE COLLEGE RECEIVES FUNDING FROM THE FOLLOWING SOURCES: PELL, COLLEGE WORK STUDY, SUPPLEMENTAL EDUCATIONAL OPPORTUNITY GRANT, GUARANTEED STUDENT LOANS, ACADEMIC COMPETITIVENESS GRANT, AND NATIONAL SCIENCE AND MATHEMATICS ACCESS TO RETAIN TALENT (SMART) GRANTS. ALL ASSISTANCE IS PROVIDED TO STUDENTS BASED ON FINANCIAL NEED. 1 1 FEDERAL PELL GRANT PROGRAM 219 912626 COST FEDERAL SUPPLEMENTAL EDUCATIONAL OPPORTUNITY GRANTS 184 325266 COST ACADEMIC COMPETITIVENESS GRANT 44 37354 COST ST. JOHN'S COLLEGE GRANTS 765 14158419 COST MARYLAND STATE SCHOLARSHIPS 33 88650 COST NEW MEXICO STATE SCHOLARSHIPS 26 60460 COST NATIONAL SCIENCE AND MATHEMATICS ACCESS TO RETAIN TALENT (SMART) GRANTS 69 274000 COST Procedure for Monitoring Grants in the U.S.: Part I, Line 2: Schedule I, Part I, Line 2: THE COLLEGE MONITORS THE USE OF GRANT FUNDS IN THE FINANCIAL AID OFFICE. PERSONNEL REVIEW STUDENT NEED ON A YEARLY BASIS AND AWARD GRANTS BASED ON NEED AND ELIGIBILITY. X X 1 1 X X X X X 0 1 0 0 0 0 0 0 0 MR CHRISTOPHER B NELSON 280000 0 0 0 75210 0 30625 0 137550 0 523385 0 0 0 MR MICHAEL PETERS 250000 0 0 0 11812 0 26000 0 52914 0 340726 0 0 0 MR MICHAEL DINK 146461 0 0 0 0 0 20138 0 58974 0 225573 0 0 0 MS VICTORIA MORA 146467 0 0 0 0 0 18646 0 18406 0 183519 0 0 0 MS BARBARA GOYETTE 140000 0 0 0 4679 0 17500 0 13177 0 175356 0 0 0 MR JIM OSTERHOLT 149442 0 0 0 8265 0 15261 0 2580 0 175548 0 0 0 MR BRYAN VALENTINE 144537 0 0 0 928 0 18067 0 17506 0 181038 0 0 0 MS BRONTE D JONES 143775 0 0 0 6956 0 14953 0 11441 0 177125 0 0 0 MS MARILYN HIGUERA 128874 0 0 0 0 0 17602 0 36348 0 182824 0 0 0 MR JOHN VERDI 112141 0 0 0 0 0 13462 0 30774 0 156377 0 0 0 Part I, Line 1a AS IS NORMAL AND CUSTOMARY WITH COLLEGES, THE PRESIDENTS OF THE ANNAPOLIS (CHRISTOPHER NELSON) AND SANTA FE CAMPUS (MICHAEL PETERS) ARE PROVIDED WITH HOUSING. THE PRESIDENTS' HOME IS USED FOR MANY COLLEGE ACTIVITIES INCLUDING HOSTING EVENTS FOR STUDENTS, FACULTY, AND COLLEGE SUPPORTERS. THE CALCULATED NONTAXABLE BENEFIT RECIEVED BY THE PRESIDENTS FOR THE PERSONAL USE OF THE HOUSING AMOUNTED TO $125,830 AND $39,889 FOR ANNAPOLIS AND SANTA FE, RESPECTIVELY. IN ADDITION, PERSONAL SERVICES SUCH AS LANDSCAPER AND MAIDS ARE PROVIDED TO MAINTAIN THE UPKEEP ON THE RESIDENCE. Part I, Line 4a THE PRESIDENT OF THE ANNAPOLIS CAMPUS, CHRISTOPHER NELSON, PARTICIPATED IN A 457(F) PLAN. THE BALANCE IN THE ACCOUNT WAS DISTRIBUTED DURING THE YEAR ENDED JUNE 30, 2010. CITY OF ANNAPOLIS MARYLAND SERIES A 526000764 035779CN5 2007-06-08 4755000 DEFEASE PORTION OF PRIOR BONDS; PROVIDE FUNDS FOR NEW CENTRAL HEATING SYSTEM 0 0 CITY OF ANNAPOLIS MARYLAND SERIES B 526000764 035779DC8 2007-06-08 8690000 DEFEASE PORTION OF PRIOR BONDS; PROVIDE FUNDS FOR NEW CENTRAL HEATING SYSTEM 0 0 4817240 309750 91980 2008 0 0 1 1 8872343 698250 164615 3473744 4583635 2009 0 0 1 1 0 0 0 0 0 0.00000 0.00000 0.00000 1 0 0 0 0 0 0.00000 0.00000 0.00000 1 0 0 0 0 0 0 0 0 0 0 0 0 BRONTE JONES HOME LOAN TO ASSIST EMPLOYEE WITH PURCHASE OF RESIDENCE X 150000 141519 0 1 1 141519 MICHAEL DINK DEAN/OFFICER EDUCATIONAL BENEFITS TO EMPLOYEE AND FAMILY Amount $ 45490. X 29 700806 HIGH/LOW AVERAGE VALUE 0 1 0 Form 990, Part VI, Section B, line 11 A COPY OF THE COMPLETED 990 IS FURNISHED TO THE AUDIT AND COMPLIANCE COMMITTEE OF THE BOARD. THE COMMITTEE WILL CONDUCT A REVIEW OF THE 990. UPON DISCUSSION AND REVIEW, THE COMMITTEE WILL MOTION AND APPROVE THE ACCEPTANCE OF THE FORM 990 AND POST A COPY OF THE COMPLETED 990 ON A SECURE PORTAL FOR FULL BOARD REVIEW. THE AUDIT AND COMPLIANCE COMMITTEE WILL ALSO GRANT THE ANNAPOLIS CAMPUS TREASURER PERMISSION TO PROCEED WITH SIGNING AND FILING THE FORM 990. Form 990, Part VI, Section B, line 12c THE CONFLICT OF INTEREST POLICY IS MONITORED AND COMPLIANCE IS ENFORCED THROUGH A YEARLY STATEMENT ALONG WITH THE COLLEGE'S POLICY BEING DISTRIBUTED TO ALL BOARD MEMBERS,OFFICERS, AND KEY EMPLOYEES FOR REVIEW AND SIGNATURE. THE SIGNED STATEMENTS ARE RETURNED TO THE PRESIDENT OF THE ANNAPOLIS CAMPUS FOR REVIEW AND FOLLOW-UP. ANY POTENTIAL CONFLICTS ARE DISCUSSED BETWEEN THE PARTIES AND A RESOLUTION IS MADE TO RESOLVE THE CONFLICT. Form 990, Part VI, Section B, line 15 With respect to the compensation of all eight officers, and before making a recommendation to the Executive Committee of the Board, the Compensation Review Committee consults with Yaffe & Company, Inc., an independent consulting firm which specializes in providing executive compensation advice to colleges and universities as well as to hospitals and health systems. One of the primary purposes of engaging an outside firm was to assure compliance with IRS regulatory requirements regarding the reasonableness of executive compensation in 501 (c) (3) organizations. The Compensation Committee has established what is known as a rebuttable presumption of the reasonableness of compensation by satisfying three regulatory requirements: (1) Compensation recommendations have been developed by an independent Committee of the Board; (2) Appropriate comparability data has been used (provided by Yaffe based on its survey); and (3) The process has been adequately documented through the minutes of the Compensation Review and Executive Committees. That Committee considers the recommendations of the presidents relative to the vice-presidents and treasurers, and considers the projected formula-based salaries of the deans, all in light of the external comparisons provided by Yaffe. The Committee also considers the benefits provided to the officers that make up a part of the total compensation package. The Committee then acts to make a recommendation with respect to these six officers to the Executive Committee, which in turn makes the final decisions as to each after reviewing all of the material considered by the Compensation Committee. As for the recommendations relative to the presidents, those salaries and benefits are reviewed by the Compensation Review Committee in the absence of the presidents and after receiving reports from the Board Chair concerning the performance of the presidents upon review by the Presidential Review Committee. The recommendation is made after a review of the same data and comparisons provided by Yaffe. This recommendation goes to the Executive Committee, which in turn considers all the considerations made by the Comp. Rev. Comm, and makes its own recommendation to the full Board, acting in Executive Session, which acts after getting the full report from the two Committees. Form 990, Part VI, Section C, line 19 FORM 1023, 990, GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. IN ADDITION, THE FORM 990 IS AVAILABLE ON GUIDESTAR AND THE CONFLICT OF INTEREST POLICY IS PUBLISHED ANNUALLY IN THE STAFF HANDBOOK. THE COLLEGE HAS AN AUDIT AND COMPLIANCE COMMITTEE THAT ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT. IN ADDITION, THE AUDIT AND COMPLIANCE COMMITTEE IS RESPONSIBLE FOR THE SELECTION OF THE INDEPENDENT AUDITORS.