2011-02-04T13:54:12-06:00 2010-06-30 RSM MCGLADREY INC 221 THIRD AVENUE SE SUITE 300 CEDAR RAPIDS IA 524011512 990 2009-07-01 426081293 PALMER COLLEGE FOUNDATION PALM 5638845871 1000 BRADY STREET DAVENPORT IA 52803 THOMAS TIEMEIER 5638845871 2010-12-07 1 3192985333 2009 2016-02-24 21:20:13Z PALMER COLLEGE OF CHIROPRACTIC DENNIS MARCHIORI DC 1000 BRADY STREET DAVENPORT IA 52803 67301321 0 X WWW.PALMER.EDU X 1907 IA THE MISSION OF THE COLLEGES OF THE PALMER COLLEGE SYSTEM IS TO EDUCATE AND PREPARE STUDENTS TO BECOME DOCTORS OF CHIROPRACTIC QUALIFIED TO SERVE AS PRIMARY CONTACT HEALTH CARE PROVIDERS; TO ADVANCE THE UNDERSTANDING OF CHIROPRACTIC THROUGH RESEARCH; AND TO SERVE HUMANITY THROUGH PATIENT CARE AND COMMUNITY EDUCATION. 15 13 1247 336 39411 -127334 3698077 4878594 58704411 57907102 860548 813583 2269021 2080703 65532057 65679982 2357213 2014456 0 37856309 36080723 0 106166 24468043 25946724 64681565 64041903 850492 1638079 119880180 123027497 42913062 41567943 76967118 81459554 THE MISSION OF PALMER COLLEGE OF CHIROPRACTIC, BASED UPON THE PALMER TENETS, IS TO EDUCATE AND PREPARE STUDENTS TO BECOME DOCTORS OF CHIROPRACTIC QUALIFIED TO SERVE AS DIRECT ACCESS TO PRIMARY HEALTH CARE PROVIDERS AND CLINICIANS, COMPETENT IN WELLNESS PROMOTION, HEALTH ASSESSMENT, DIAGNOSIS AND THE CHIROPRACTIC MANAGEMENT OF THE PATIENT'S HEALTH CARE NEEDS. PALMER IS COMMITTED TO ADVANCING THE UNDERSTANDING OF CHIROPRACTIC THROUGH RESEARCH; TO PROVIDING SERVICE TO THE FIELD OF CHIROPRACTIC, INCLUDING CONTINUING EDUCATION; AND TO SERVING HUMANITY THROUGH PATIENT CARE AND COMMUNITY EDUCATION. 0 0 44854714 2014456 56872249 TEACHING THE ART OF CHIROPRACTIC AND OTHER ACTIVITIES RELATED TO EDUCATION. ENROLLMENT CONSISTS OF 2,082 FULL TIME AND NO PART TIME STUDENTS. 2378612 1034853 AUXILIARY ENTERPRISES AND ACTIVITIES RELATED TO OPERATION OF BOOKSTORE, CAFETERIA, PRINT SHOP, AND CONTINUING EDUCATION PROGRAMS. 47233326 1 1 0 1 0 0 1 0 1 1 0 1 1 0 1 0 0 0 0 0 0 1 1 1 0 0 0 1 0 0 0 1 1 0 0 0 0 1 1 0 0 1 177 0 1 1247 1 1 1 0 0 0 0 0 0 0 0 15 13 1 0 0 0 1 1 1 1 1 0 0 1 1 0 1 1 1 1 1 0 CA X ALEXIS VANDER HORN 5638845102 1000 BRADY STREET DAVENPORT IA 52803 VICKIE PALMER 2.00 X X 0 0 0 TREVOR IRELAND DC 20.00 X X 0 0 0 KENT FORNEY 10.00 X X 0 0 0 CHARLES KELLER DC MA 2.00 X 0 0 0 MICHAEL HAHN DC 2.00 X 0 0 0 MARK HESLIP DC 2.00 X 0 0 0 JOHN HUSTON 2.00 X 0 0 0 KENNETH KOUPAL 2.00 X 0 0 0 BARRY MCALPINE DC 2.00 X 0 0 0 WILLIAM MORGAN DC 2.00 X 0 0 0 PAUL PETERSON DC 2.00 X 0 0 0 KENT PILCHER 2.00 X 0 0 0 WILLIAM WILKE 40.00 X X 260666 0 2875 ERVIN MALCHEFF DC 2.00 X 0 0 0 PAUL VANDUYNE DC 2.00 X 0 0 0 THOMAS TIEMEIER 40.00 X 173619 0 14984 LYNNE LINDSTROM 40.00 X 47298 0 3000 DENNIS MARCHIORI DC 40.00 X 155887 0 19840 WILLIAM MEEKER DC 40.00 X 95258 115041 24119 DOUGLAS HOYLE MA 40.00 X 46035 0 3122 ROBERT LEE 40.00 X 161559 0 14804 DONALD KERN DC 40.00 X 211494 0 13784 PETER MARTIN DC 40.00 X 207538 0 14984 JAMES MCDONALD DC 40.00 X 167820 0 14499 CHRISTINE GOERTZ 40.00 X 205211 0 21920 KEVIN CUNNINGHAM DC 40.00 X 148955 0 18920 JAMES NOVAK 40.00 X 149046 0 20420 JOEL PICKAR 40.00 X 147388 0 19120 MARUTI GUDAVALLI 40.00 X 119399 0 19120 KURT WOOD 40.00 X 0 0 0 JUDY SILVERSTRONE 40.00 X 125777 0 7692 DAN WEINERT 40.00 X 0 0 0 ROBERT PERCUOCO 40.00 X 0 0 0 LARRY PATTEN 40.00 X 274625 0 13784 2651540 115041 243865 35 1 1 0 ARAMARK 1000 BRADY STREET DAVENPORT IA 52803 FACILITY SERVICES 1438889 PER MAR PO BOX 1101 DAVENPORT IA 52805 SECURITY SERVICES 1319561 XEROX CORPORATION 3400 HILLVIEW AVENUE BLDG 1 PALTO ALTO CA 94304 COPY SERVICES 709472 RYAN AND ASSOCIATES 10955 160TH STREET DAVENPORT IA 52809 PLUMBING & HEATING SERVICES 552741 THE LAWLOR GROUP 6400 FLYING CLOUD DR STE 170 EDEN PRAIRIE MN 55344 MARKETING RESEARCH SERVICES 334660 23 4303375 575219 86066 4878594 TUITION AND FEES 611600 55665063 55665063 CLINIC REVENUE 611710 1207186 1207186 AUXILIARY ENTERPRISES 611600 1034853 1034853 57907102 705219 705219 341693 341693 341693 341693 131584 23220 131584 -23220 108364 108364 1970936 1598119 372817 372817 RESEARCH F&A RECOVERY 900099 514293 514293 REGSTRTN FEES &LIBRARY 900099 389589 389589 SUNDRY INCOME 900099 190872 190872 271439 39411 232028 1366193 65679982 57907102 39411 2854875 45705 45705 1968751 1968751 2830336 368294 2462042 25275481 21510856 3747504 17121 7789128 6419032 1367040 3056 185778 95136 90642 1251290 1251290 117495 117495 585221 418070 166417 734 758843 207007 517984 33852 4760394 4046335 714059 1139549 532451 572087 35011 83553 82713 840 3079017 3079017 552840 21795 531045 OUTSIDE SERVICES 4728632 1676989 3035251 16392 BAD DEBT 1977205 1831329 145876 STUDENT AID 1530388 1530388 SUPPLIES 1318137 1166827 151310 CAMPUS SECURITY 1300187 4589 1295598 2763973 2228042 535931 64041903 47233326 16702411 106166 71165 73184 4953409 8932308 2656835 471149 7950556 8723185 2051371 1854301 879683 862831 101040756 37669267 64876399 63371489 24929184 28285904 3771293 3848292 7437705 6302274 302580 302580 119880180 123027497 8006250 7973133 6459777 6459777 638948 778204 14260000 13640000 12292177 11750987 1255910 965842 42913062 41567943 X 55297533 57554055 9351767 11441851 12317818 12463648 76967118 81459554 119880180 123027497 X 0 1 1 X 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 24000 24000 42027068 42051068 1000000 250000 0 0 1000000 1000000 1000000 1000000 4000000 6000000 272000 16000 28695 24000 340695 250000 250000 250000 250000 1000000 1500000 302580 X X 0 23193049 152371 3411164 296393 393099 26067092 29489024 207520 -5566083 937412 23193049 0.20000 0.80000 0.00000 0 0 14500 296000 310500 80045235 26457292 53587943 437918 112572 325346 10553182 7404179 3149003 9693921 3695224 5998697 63371489 STUDENT LOANS 6302274 F 6302274 ANNUITIES PAYABLE 415000 CAPITAL LEASE OBLIGATIONS 149966 CONDITIONAL ASSET RETIREMENT OBILIGATION 400876 965842 65679982 64041903 1638079 2750804 103553 2854357 4492436 68140623 2750804 1678588 4429392 63711231 1968751 1968751 65679982 63648187 1575035 1575035 62073152 1968751 1968751 64041903 Part III, Line 4: THE ART IS A COLLECTION OF ORIENTAL ART, SCULPTURES AND ARTIFACTS ACQUIRED BY THE PALMER FAMILY IN ITS TRAVELS IN THE EARLY 20TH CENTURY. THE COLLECTION WAS LATER DONATED TO THE COLLEGE BY THE FAMILY. THE CHIROPRACTIC PROFESSION WAS FOUNDED BY D.D. PALMER AND DEVELOPED BY FUTURE GENERATIONS OF PALMERS. IN THOSE EARLY YEARS THE DEVELOPMENT OF THE PROFESSION WAS CLOSELY LINKED TO THE FAMILY HISTORY. TO OUR STUDENTS WHO STUDY THE PHILOSOPHY, SCIENCE AND ART OF CHIROPRACTIC, THIS COLLECTION IS TANGIBLE EVIDENCE OF THE HISTORY OF THE CHIROPRACTIC PROFESSION. Part V, Line 4: Description of Intended Use of Endowment Funds: ENDOWMENT FUNDS ARE USED FOR STUDENT SCHOLARSHIPS, EDUCATIONAL ACTIVITIES SUPPORT, GENERAL INSTITUTIONAL SUPPORT AND PLANT. Part X: Description of Uncertain Tax Positions Under FIN 48: THE FOUNDATION AND THE COLLEGE FILE A FORM 990 (RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX) ANNUALLY. WHEN THESE RETURNS ARE FILED, IT IS HIGHLY CERTAIN THAT SOME POSITIONS TAKEN WOULD BE SUSTAINED UPON EXAMINATION BY THE TAXING AUTHORITIES, WHILE OTHERS ARE SUBJECT TO UNCERTAINTY ABOUT THE MERITS OF THE TAX POSITION TAKEN OR THE AMOUNT OF THE POSITION THAT WOULD ULTIMATELY BE SUSTAINED. EXAMPLES OF TAX POSITIONS COMMON TO COLLEGES INCLUDE SUCH MATTERS AS THE FOLLOWING: THE TAX EXEMPT STATUS OF EACH ENTITY AND VARIOUS POSITIONS RELATIVE TO POTENTIAL SOURCES OF UNRELATED BUSINESS TAXABLE INCOME (UBIT). UBIT IS REPORTED ON FORM 990-T, AS APPROPRIATE. THE BENEFIT OF TAX POSITION IS RECOGNIZED IN THE FINANCIAL STATEMENTS IN THE PERIOD IN WHICH, BASED ON ALL AVAILABLE EVIDENCE, MANAGEMENT BELIEVES THAT IT IS MORE LIKELY THAN NOT THAT THE POSITION WILL BE SUSTAINED UPON EXAMINATION, INCLUDING THE RESOLUTION OF APPEALS OR LITIGATION PROCESSES, IF ANY. TAX POSITIONS ARE NOT OFFSET OR AGGREGATED WITH OTHER POSITIONS. TAX POSITIONS THAT MEET THE "MORE LIKELY THAN NOT" RECOGNITION THRESHOLD ARE MEASURED AS THE LARGEST AMOUNT OF TAX BENEFIT THAT IS MORE THAN 50% LIKELY TO BE REALIZED ON SETTLEMENT WITH THE APPLICABLE TAXING AUTHORITY. THE PORTION OF THE BENEFITS ASSOCIATED WITH TAX POSITIONS TAKEN THAT EXCEEDS THE AMOUNT MEASURED AS DESCRIBED ABOVE IS REFLECTED AS A LIABILITY FOR UNCERTAIN TAX BENEFITS IN THE ACCOMPANYING STATEMENTS OF FINANCIAL POSITION ALONG WITH ANY ASSOCIATED INTEREST AND PENALTIES THAT WOULD BE PAYABLE TO THE TAXING AUTHORITIES UPON EXAMINATION. THERE NO UNCERTAIN TAX BENEFITS IDENTIFIED AND RECORDED AS A LIABILITY AS OF JUNE 30, 2010 OR 2009. FORMS 990 AND 990-T FILED BY THE FOUNDATION AND THE COLLEGE ARE SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE (IRS) UP TO THREE YEARS FROM THE EXTENDED DUE DATE OF EACH RETURN. FORMS 990 AND 990-T FILED BY THE FOUNDATION AND THE COLLEGE ARE NO LONGER SUBJECT TO EXAMINATION FOR THE FISCAL YEARS ENDED JUNE 30, 2006 AND PRIOR. Part XI, Line 8 - Other Adjustments: GAIN ON INTEREST RATE SWAP: 103553. Part XII, Line 2d - Other Adjustments: COST OF GOODS SOLD NETTED WITH REVENUES: 1598119. EXPENSES NETTED AGAINST REVENUE: 80469. Part XII, Line 4b - Other Adjustments: INSTITUTIONAL GRANTS: 1968751. Part XIII, Line 2d - Other Adjustments: COGS EXPENSES NETTED WITH REVENUES: 1598119. GAIN ON INTEREST RATE SWAP: -103553. EXPENSES NETTED AGAINST REVENUE: 80469. Part XIII, Line 4b - Other Adjustments: INSTITUTIONAL GRANTS: 1968751. 1 1 1 PALMER COLLEGE OF CHIROPRACTIC PUBLISHES ITS EQUAL OPPORTUNITY STATEMENT IN PRINTED MATERIALS THROUGHOUT THE STUDENT RECRUITMENT AND ORIENTATION PERIOD. PALMER COLLEGE OF CHIROPRACTIC DOES NOT ROUTINELY USE NEWSPAPER OR BROADCAST MEDIA IN ITS STUDENT RECRUITMENT EFFORTS. HOWEVER, THE COLLEGE DOES PUBLICIZE ITS RACIALLY NONDISCRIMINATORY POLICY IN A WAY THAT MAKES THE POLICY KNOWN TO PROSPECTIVE STUDENTS BY PUBLISHING THE COLLEGE'S EQUAL OPPORTUNITY STATEMENT IN PRINTED MATERIALS PROVIDED THROUGHOUT THE STUDENT RECRUITMENT PERIOD. IN ADDITION, THE FOUNDATION'S EQUAL OPPORTUNITY STATEMENT IS PROVIDED TO CURRENT STUDENTS AND THE GREATER COLLEGE COMMUNITY IN THE COLLEGE CATALOG, WHICH IS AVAILABLE IN PRINT AND ON THE PALMER WEBSITE, AS WELL AS IN THE STUDENT HANDBOOK, WHICH IS DISTRIBUTED TO ALL STUDENTS DURING THE STUDENT ORIENTATION PROGRAM. 1 1 1 1 0 0 0 0 0 0 0 0 1 0 FINANCIAL AID OR ASSISTANCE IS RECEIVED FROM THE FOLLOWING GOVERNMENTAL AGENCIES: PELL GRANT PROGARAM SUPPLEMENTAL EDUCATIONAL OPPORTUNITY GRANTS (SEOG) FEDERAL WORK STUDY PROGRAMS (FWS) PERKINS LOAN PROGRAM DEPARTMENT OF HEALTH AND HUMAN SERVICES (HHS) NATIONAL INSTITUTE OF HEALTH (NIH) HEALTH RESOURCES AND SERVICES ADMINISTRATION (HRSA) 1 CENTRAL AMERICA AND THE CARIBBEAN PROGRAM SERVICES - CLINIC ABROAD STUDENTS TRAVEL TO HONDURAS AND THE GRENADINES TO PROVIDE CHIROPRACTIC CARE. 152490 EAST ASIA AND THE PACIFIC PROGRAM SERVICES - CLINIC ABROAD STUDENTS TRAVEL TO FIJI AND VIETNAM TO PROVIDE CHIROPRACTIC CARE. 734645 MIDDLE EAST AND NORTH AFRICA PROGRAM SERVICES - CLINIC ABROAD STUDENTS TRAVEL TO MOROCCO TO PROVIDE CHIROPRACTIC CARE. 213011 SOUTH AMERICA PROGRAM SERVICES - CLINIC ABROAD STUDENTS TRAVEL TO BRAZIL TO PROVIDE CHIROPRACTIC CARE. 341336 SOUTH ASIA PROGRAM SERVICES - CLINIC ABROAD STUDENTS TRAVEL TO INDIA TO PROVIDE CHIROPRACTIC CARE. 362665 0 0 1804147 Method Used to Acccount for Expenditures: Schedule F, Part I, Line 3: EXPENDITURES ARE ACCOUNTED FOR UNDER THE ACRRUAL METHOD. THE REPORTED EXPENDITURES INCLUDE ALL STUDENT COSTS ASSOCIATED WITH THE CLINIC ABROAD PROGRAM SUCH AS AIRFARE, GROUND TRANSPORTATION, ACCOMODATIONS, MEALS, TRAVEL/HEALTH INSURANCE, AND OTHER ADDITIONAL COSTS. THE ORGANIZATION INVOICES STUDENTS FOR ALL REPORTED EXPENDITURES. THE ORGANIZATION'S GENERAL ADMINISTRATIVE AND OPERATIONAL COSTS RELATED TO THE CLINIC ABROAD PROGRAM ARE NOT TRACKED BY REGION AND ARE NOT INCLUDED IN THE REPORTED EXPENDITURES. Schedule F, Part IV Other Information CLINIC ABROAD PROGRAM: STUDENTS TRAVEL TO VARIOUS INTERNATIONAL LOCATIONS TO PROVIDE CHIROPRACTIC CARE TO POPULATIONS GENERALLY UNDERSERVED IN TERMS OF HEALTHCARE OPTIONS. STUDENTS ALSO LEARN ABOUT THE CULTURE AND CONDUCT FUNDRAISING ACTIVITIES TO PROVIDE MONEY AND GOODS TO LOCAL SCHOOLS, ORPHANAGES AND OTHER GROUPS IN NEED OF ASSISTANCE. 1 FOUNDATION FOR CHIROPRACTIC PROGRESS PO BOX 560 CARMICHAEL CA 95609 202137895 501(C)(6) 17550 N/A N/A GENERAL FUND - TO SUPPORT MISSION OF EDUCATING THE PUBLIC ON CHRIOPRACTIC HEALTHCARE QUAD CITY TIMES BIX 7 5375 WHITE POST ROAD BETTENDORF IA 52722 930708918 5655 N/A N/A SPONSORSHIP - BIX RACE, BIX RACE EXPO QUAD CITIES RUNNING CLUB INC 2617 4TH STREET EAST MOLINE IL 61244 460467219 501(C)(3) 7500 N/A N/A SPONSORSHIP - MARATHON AMERICAN HEART ASSOCIATION 1035 N CENTER PT RD STE B HIAWATHA IA 52233 135613797 501(C)(3) 10000 N/A N/A GENERAL FUND UNITED NEIGHBORS 808 HARRISON ST DAVENPORT IA 52803 421144816 501(C)(3) 5000 N/A GENERAL FUND 3 2 EDUCATIONAL GRANTS 3018 557902 N/A N/A SCHOLARSHIPS 548 1177357 N/A N/A BENEFITS (GRANTS) 28 233492 N/A N/A n/A N/A N/A N/A Procedure for Monitoring Grants in the U.S.: Part I, Line 2: Schedule I, Part I, Line 2: THE FOUNDATION MONITORS ELIGIBILITY FOR THESE AWARDS BY ASSESSING STUDENT RECORDS, FINANCIAL NEED AND ACADEMIC PERFORMANCE. THE SCHOLARSHIP COMMITTEE REVIEWS APPLICATIONS FOR AWARDS. X X 0 1 X X X X X 0 0 0 0 0 0 0 0 0 WILLIAM WILKE 239583 0 0 0 21083 0 0 0 2875 0 263541 0 0 0 THOMAS TIEMEIER 153891 0 0 0 19728 0 0 0 14984 0 188603 0 0 0 DENNIS MARCHIORI DC 147597 0 0 0 8290 0 0 0 19840 0 175727 0 0 0 WILLIAM MEEKER DC 90742 89944 0 0 4516 25097 0 0 12060 12059 107318 127100 0 0 ROBERT LEE 138405 0 0 0 23154 0 0 0 14804 0 176363 0 0 0 DONALD KERN DC 201685 0 0 0 9809 0 0 0 13784 0 225278 0 0 0 PETER MARTIN DC 180388 0 0 0 27150 0 0 0 14984 0 222522 0 0 0 JAMES MCDONALD DC 158207 0 0 0 9613 0 0 0 14499 0 182319 0 0 0 CHRISTINE GOERTZ 189111 0 0 0 16100 0 0 0 21920 0 227131 0 0 0 KEVIN CUNNINGHAM DC 147245 0 0 0 1710 0 0 0 18920 0 167875 0 0 0 JAMES NOVAK 135951 0 0 0 13095 0 0 0 20420 0 169466 0 0 0 JOEL PICKAR 124118 0 0 0 23270 0 0 0 19120 0 166508 0 0 0 LARRY PATTEN 272720 0 0 0 1905 0 0 0 13784 0 288409 0 0 0 Part I, Line 1a FIRST CLASS OR CHARTER TRAVEL - THERE IS A TRAVEL POLICY. FIRST CLASS TRAVEL IS NOT ADDRESSED AS IT IS NORMALLY NOT PERMITTED UNDER THAT POLICY. HOWEVER, THE CURRENT CHAIRMAN OF THE BOARD OF TRUSTEES IS A RESIDENT OF ANCHORAGE, ALASKA. THE RESPONSIBILITIES OF THIS POSITION REQUIRE MORE TRAVEL THAN REGULAR BOARD MEMBERS. FLIGHT SCHEDULES AND THE TIME ZONE DIFFERENCES ATTENDING REQUIRED MEETINGS OFTEN LEAVE LITTLE TIME FOR RECOVERY FROM THE FLIGHT AND MEETING PREPARATION. THEREFORE, AS APPROVED BY THE FULL BOARD OF TRUSTEES, THE CHAIRMAN AND ONLY THE CHAIRMAN IS ALLOWED TO FLY FIRST CLASS. CHARTER TRAVEL IS ALSO NOT ADDRESSED IN THE POLICY AS AIRLINE TRAVEL IS REIMBURSED AT THE LOWEST (COACH) FARE FOR A TRIP. HOWEVER, IF MULTIPLE INDIVIDUALS ARE TRAVELING TO THE SAME LOCATION FOR THE SAME MEETING AND CHARTER TRAVEL IS LESS EXPENSIVE THAN INDIVIDUAL AIRFARES THEN CHARTER TRAVEL IS ALLOWED. IN NORMAL YEARS, CHARTER TRAVEL IS ONLY ALLOWED ONCE OR TWICE A YEAR. TRAVELS FOR COMPANIONS - FOR ONE BOARD MEETING A YEAR, SPOUSES OF BOARD MEMBERS ARE INVITED TO ATTEND A BOARD MEETING. IF A SPOUSE ATTENDS, THE COLLEGE DOES REIMBURSE THE BOARD MEMBER FOR THE SPOUSE'S TRAVEL. HOWEVER, EACH BOARD MEMBER IS PROVIDED AN IRS FORM 1099 FOR THE COST OF THAT TRAVEL. ON A LESS FREQUENT BASIS, SPOUSES OF EXECUTIVES ARE INVITED TO BOARD MEETING. THE COST OF THAT TRAVEL IS ADDED TO AN EMPLOYEE'S IRS FORM W-2. Part I, Line 1b SEE EXPLANATION FOR PART 1A KEVIN CUNNINGHAM BOOKSTORE PURCHASE X 1707 995 0 0 1 JAMES NOVAK BOOKSTORE PURCHASE X 2091 1278 0 0 1 2273 KENT PILCHER BOARD MEMBER OF PALMER COLLEGE FOUNDATION AND PER MAR SECURITY 1300000 PER MAR SECURITY PROVIDED SERVICES TO PALMER COLLEGE FOUNDATION 0 X 69787 FAIR MARKET VALUE X 25 9779 FAIR MARKET VALUE X EQUIPMENT 7 6500 FAIR MARKET VALUE 0 0 0 Method for Determining Number of Contributors: Part I, Column (b): THE NUMBER OF CONTRIBUTIONS RECEIVED Form 990, Part VI, Section A, line 2 JOHN HUSTON AND KENT PILCHER HAVE A BUSINESS RELATIONSHIP. Form 990, Part VI, Section A, line 6 THE ORGANIZATION HAS ONE CLASS OF MEMBERS, DENOMINATED AS "CERTIFICATE HOLDERS." THE CERTIFICATE HOLDERS MEET AT LEAST ANNUALLY. SEE ADDITIONAL EXPLANATION OF RIGHTS AND DUTIES IN RESPONSE TO FORM 990, PART VI, LINES 7A AND 7B. Form 990, Part VI, Section A, line 7a THE MEMBERS, DENOMINATED AS "CERTIFICATE HOLDERS," APPOINT EACH AND EVERY "TRUSTEE" ON THE BOARD OF TRUSTEES, THE ORGANIZATION'S GOVERNING BODY, PURSUANT TO THE FOLLOWING PROCESS. (1) EACH MEMBER OF THE BOARD OF TRUSTEES AND EACH CERTIFICATE HOLDER ARE ENTITLED TO NOMINATE AS MANY NOMINEE TRUSTEES AS THERE ARE VACANCIES ON THE BOARD OF TRUSTEES. CURRENT TRUSTEES AND CERTIFICATE HOLDERS ARE REQUIRED TO SUBMIT NOMINATIONS IN WRITING TO THE TRUSTEE DEVELOPMENT AND GOVERNANCE COMMITTEE OF THE BOARD OF TRUSTEES. (2) ALL PERSONS WHOSE NAMES HAVE BEEN PROVIDED AS NOMINEES IS EVALUATED BY THE TRUSTEE DEVELOPMENT AND GOVERNANCE COMMITTEE. (3) THE TRUSTEE DEVELOPMENT AND GOVERNANCE COMMITTEE SUBMITS THE NAMES AND EVALUATIONS OF ALL NOMINEES TO THE CERTIFICATE HOLDERS. (4) TRUSTEES ARE CHOSEN BY BALLOT BY THE AFFIRMATIVE VOTE OF A MAJORITY OF THE CERTIFICATES OUTSTANDING. EACH CERTIFICATE HOLDER IS ENTITLED TO ONE VOTE. Form 990, Part VI, Section A, line 7b THOSE PROVISIONS OF THE ARTICLES OF INCORPORATION AND/OR THE BYLAWS OF THE CORPORATION THAT AFFECT THE RIGHTS, POWERS AND/OR DUTIES OF THE CERTIFICATE HOLDERS, INCLUSIVE OF THE RIGHT TO ELECT CERTIFICATE HOLDERS AND TRUSTEES AND/OR DISSOLVE THE CORPORATION OR SELL ALL OF ITS ASSETS OR EFFECT A MERGER OR CONSOLIDATION, MUST BE APPROVED BY A MAJORITY VOTE OF ALL THE CERTIFICATE HOLDERS. Form 990, Part VI, Section B, line 11 AFTER COMPLETION OF THE DRAFT OF THE FORM 990 BY AN EXTERNAL ACCOUNTING FIRM, THE FORM 990 DRAFT IS SHARED WITH THE VICE CHANCELLOR FOR ADMINISTRATION AND HIS STAFF FOR THEIR REVIEW AND CORRECTION OF ANY ERRORS. ONCE THOSE CORRECTIONS HAVE BEEN MADE, THE FORM 990 DRAFT IS SHARED WITH THE AUDIT COMMITTEE OF THE FOUNDATION'S BOARD OF TRUSTEES. THE AUDIT COMMITTEE OF THE BOARD OF TRUSTEES HAS BEEN DESIGNATED AS THE COMMITTEE TO REVIEW THE FORM 990 BEFORE IT IS FILED. THE AUDIT COMMITTEE AND VICE CHANCELLOR FOR ADMINSTRATION (TREASURER) WILL MEET TO REVIEW THE DRAFT FORM 990 WITH REPRESENTATIVES OF THE ACCOUNTING FIRM WHO COMPLETED THE DRAFT FORM 990, IF CONSIDERED NECESSARY. ONCE THE DRAFT HAS BEEN REVIEWED AND ANY CORRECTIONS MADE, COPIES OF THE FORM 990 WILL BE PROVIDED TO THE FULL BOARD OF TRUSTEES. ONCE BOARD RECEIPT HAS BEEN DETERMINED, THE TREASURER WILL SIGN AND FILE THE 990 WITH THE INTERNAL REVENUE SERVICE. Form 990, Part VI, Section B, line 12c PALMER COLLEGE REQUIRES OFFICERS AND DIRECTORS TO COMPLETE AN ANNUAL FORM TO COMPLY WITH ITS CONFLICT OF INTEREST POLICY. KEY EMPLOYEES ARE NOT REQUIRED TO COMPLETE THIS FORM. Form 990, Part VI, Section B, line 15 THE BOARD CONSIDERS SEVERAL SOURCES IN DETERMINING COMPENSATION FOR SENIOR ADMINISTRATORS SUCH AS THE ACC SURVEYS, CHRONICLE OF HIGHER EDUCATION SURVEYS, GUIDANCE FROM PROFESSIONAL COMPENSATION CONSULTANTS AND ALSO WITH SURVEYS CONDUCTED BY OUR HUMAN RESOURCES DEPARTMENT. THE BOARD OF TRUSTEES' EXECUTIVE COMMITTEE WHO, PERIODICALLY, DURING THE YEAR, MEETS TO REVIEW THE CHANCELLOR'S PERFORMANCE AND SETS THE CHANCELLOR'S COMPENSATION. ANNUALLY, THE CHANCELLOR MEETS WITH THE EXECUTIVE COMMITTEE OF THE BOARD TO REVIEW SALARIES OF THE SENIOR ADMINISTRATORS. THE CHANCELLOR SETS SENIOR ADMINISTRATORS' SALARIES WITH OVERSIGHT FROM THE BOARD OF TRUSTEES. Form 990, Part VI, Section C, line 19 PALMER COLLEGE DOES NOT MAKE ITS POLICIES, GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, OR FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC. FORM 990, PART IV, LINE 12 AND PART XI, LINES 2B AND 2C AUDITED FINANCIAL STATEMENTS THE ORGANIZATION IS INCLUDED IN A CONSOLIDATED ENTITY AUDIT AND RECEIVES CONSOLIDATED GAAP FINANACIAL STATEMENTS ON AN ANNUAL BASIS FROM INDEPENDENT AUDITORS. THE ORGANIZATION HAS A COMMITTEE THAT ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTANT. FORM 990, SCHEDULE E, LINE 3 RACIALLY NONDISCRIMINATORY POLICY STATEMENT PALMER COLLEGE OF CHIROPRACTIC DOES NOT ROUTINELY USE NEWSPAPER OR BROADCAST MEDIA IN ITS STUDENT RECRUITMENT EFFORTS. HOWEVER, THE COLLEGE DOES PUBLICIZE ITS RACIALLY NONDISCRIMINATORY POLICY IN A WAY THAT MAKES THE POLICY KNOWN TO PROSPECTIVE STUDENTS BY PUBLISHING THE COLLEGE'S EQUAL OPPORTUNITY STATEMENT IN PRINTED MATERIALS PROVIDED THROUGHOUT THE STUDENT RECRUITMENT PERIOD. IN ADDITION, THE FOUNDATION'S EQUAL OPPORTUNITY STATEMENT IS PROVIDED TO CURRENT STUDENTS AND THE GREATER COLLEGE COMMUNITY IN THE COLLEGE CATALOG, WHICH IS AVAILABLE IN PRINT AND ON THE PALMER WEBSITE, AS WELL AS IN THE STUDENT HANDBOOK, WHICH IS DISTRIBUTED TO ALL STUDENTS DURING THE STUDENT ORIENTATION PROGRAM. PALMER COLLEGE OF CHIROPRACTIC WEST 90 E TASMAN SAN JOSE CA 95134 942515428 EDUCATION CA 501(C)(3) 2 N/A PERRY HILL PROPERTIES ASSOCIATION 300 BRADY STREET DAVENPORT IA 52803 421502549 HOUSING FOR STUDENTS IA 501(C)(3) 9 N/A 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 PALMER COLLEGE OF CHIROPRACTIC WEST O 210415 PALMER COLLEGE OF CHIROPRACTIC WEST P 313732