2024-08-01T16:14:06-05:00 2023-12-31 731413977 HOGANTAYLOR LLP 11300 CANTRELL ROAD SUITE 301 LITTLE ROCK AR 72212 990 2023-01-01 273339369 REMINGTON COLLEGE REMI 4075625535 9451 LYNDON B JOHNSON FWY 200 DALLAS TX 75243 JEREMY ALLEY CFO 4075625535 2024-08-01 1 1 MICHELLE MANN P01064483 5012275800 2024-07-25 2023 2024-08-08 14:25:15Z BRANDON SHEDRON 9451 LYNDON B JOHNSON FWY 200 DALLAS TX 75243 37118216 0 X WWW.REMINGTONCOLLEGE.EDU X 2008 AR POST-SECONDARY EDUCATION 4 4 427 4 0 0 700807 386803 41690592 36470820 40759981 11864 0 0 83151380 36869487 1349230 1063028 0 0 19482358 20000624 0 0 0 30150448 31153959 50982036 52217611 32169344 -15348124 35324671 39089822 43673914 53198964 -8349243 -14109142 X THE MISSION OF REMINGTON COLLEGE IS TO CONTRIBUTE TO THE PUBLIC GOOD BY PROVIDING RELEVANT, CAREER-FOCUSED EDUCATION DESIGNED AND INTENDED TO HELP STUDENTS ACQUIRE THE KNOWLEDGE AND DEVELOP THE SKILLS AND ABILITIES NECESSARY FOR SUCCESSFUL ENTRY (CONTINUED ON SCH O) 0 0 47528946 1063028 36470820 REMINGTON COLLEGE CONTRIBUTED TO THE PUBLIC GOOD BY PROVIDING RELEVANT, CAREER-FOCUSED EDUCATION THAT HELPED STUDENTS ACQUIRE THE KNOWLEDGE AND DEVELOP THE SKILLS AND ABILITIES NECESSARY TO OBTAIN POSITIONS IN THEIR CHOSEN CAREER FIELDS. REMINGTON COLLEGE PROVIDED A CARING LEARNING ENVIRONMENT IN WHICH A TECHNICALLY RICH, INTELLECTUALLY STIMULATING, QUALITY EDUCATION WAS DELIVERED BY A DEDICATED FACULTY AND STAFF. 47528946 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 0 0 0 1 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 72 0 1 427 1 0 0 0 0 0 0 0 0 0 0 0 0 X 4 4 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 X X X JEREMY ALLEY 4075625535 9451 LYNDON B JOHNSON FWY SUITE 200 DALLAS TX 75243 ANGELA TENNISON DIRECTOR 5.00 X 0 0 0 KEVIN SMITH DIRECTOR 5.00 X 0 0 0 ARCHIE CUBARRUBIA DIRECTOR 5.00 X 0 0 0 DOUG GALE DIRECTOR 5.00 X 0 0 0 HEATHER MCIVER VP OF INSTITUTIONAL INNOVA 40.00 X 152263 0 0 TODD ZVAIGZNE VP OF EDUCATIONAL SUPPORT/ 40.00 X 165266 0 21788 DEBORAH DIAZ SR VP OF FINANCIAL AID 40.00 X 118551 0 23482 JOANN BOUDREAUX REGIONAL VP OF OPERATIONS 40.00 X 193150 0 13848 BRANDON SHEDRON PRESIDENT (MAR-DEC) 40.00 X 328191 0 10016 ADAM MARTIN GENERAL COUNSEL/SR VP OF H 40.00 X 200342 0 23482 JEREMY ALLEY CHIEF FINANCIAL OFFICER/CO 40.00 X 188177 0 22612 HEATHER HENSELL PROVOST 40.00 X 206759 0 0 1552699 0 115228 8 0 1 0 SALTED CREATIVE LLC 36757 HUMMINGBIRD WAY N SELBYVILLE DE 19975 WEB DEVELOPER/MAINTENANCE 286983 THE MARKETING MINT 1111 EAST SUNRISE BLVD 304 FORT LAUDERDALE FL 33304 MARKETING SERVICES 212738 YNOT MARKETING LLC 1761 N YOUNG CIRCLE STE 3 192 HOLLYWOOD FL 33020 DIALER AND LEAD MANAGEMENT SYSTEM 191662 IONTUITION CP LLC 1100 W LAKE COOK ROAD STE 100 BUFFALO GROVE IL 60089 ENROLLMENT SUPPORT SOFTWARE PROVIDER 170997 BEADLE'S CLEANING SERVICES 1229 E OAKLAWN ST TERRELL TX 75160 CLEANING SERVICES 107398 5 386803 386803 TUITION AND FEES 611310 36281288 36281288 COSMETOLOGY SERVICES 611310 63075 63075 126457 126457 36470820 1381 1381 259212 248729 10483 10483 10483 36869487 36470820 0 11864 1063028 1063028 1734920 1118932 615988 15997596 13772039 2225557 850911 609761 241150 1417197 1266050 151147 30052 31093 -1041 1213245 1043579 169666 4134168 4134168 1096339 107124 989215 938221 938221 4503443 4780671 -277228 192936 141228 51708 22161 7071 15090 33290 33290 10204167 10204167 682509 565808 116701 IMPAIRMENT LOSS 5000000 5000000 TEXTBOOKS AND SUPPLIES 1811039 1811039 STUDENT ACTIVITIES 422882 422882 OUTSIDE FINANCIAL AID 202888 202888 666619 275907 390712 52217611 47528946 4688665 0 5073645 1734401 656764 605396 943623 1158730 2332 2332 911821 641628 19726311 15928999 2889973 3797312 16740302 11832761 8106211 19317262 35324671 39089822 3235533 1545437 3086145 3040224 37350000 35550000 2236 13063303 43673914 53198964 X 0 0 0 0 -8349243 -14109142 -8349243 -14109142 35324671 39089822 X -15348124 9588225 X X 0 0 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 286600 286600 1217799 352004 865795 5539785 3372379 2167406 12429355 11986025 443330 252772 218591 34181 3797312 DEPOSITS 248898 FIXED ASSET CLEARING 516724 DEPOSITS HELD IN FEDERAL ESCROW 7188344 ROU ASSET 11363296 19317262 LONG TERM LINE OF CREDIT 193383 ROU LIABILITY, CURRENT PORTION 3270364 ROU LIABILITY, LONG TERM PORTION 9599556 13063303 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 SCHEDULE E, PART I, LINE 3 THE POLICY IS PUBLISHED ON THE COMPANY'S WEB PAGE AND IN THE CATALOG GIVEN TO EACH INDIVIDUAL THAT ENROLLS TO ATTEND ANY CAMPUS OPERATED BY THE COMPANY, ANY INDIVIDUAL THAT IS A PROSPECTIVE STUDENT THAT INTERVIEWS WITH AN ADMISSION REPRESENTATIVE AT A CAMPUS AND TO PROSPECTIVE DISTANCE EDUCATION STUDENTS. CURRENTLY, THE POLICY IS ALSO DISCLOSED IN THE COMPANY'S ADVERTISING MATERIALS. 1 SCHOLARSHIP 1972 1063028 VALUE OF CREDIT HOURS PART I, LINE 2: GRANTS TO INDIVIDUALS. THE SCHOLARSHIPS ARE AWARDED TO STUDENTS THAT ATTEND ONE OF THE COMPANY'S COLLEGES. THE FINANCIAL AID DEPARTMENT REVIEWS THE APPLICATIONS FOR THE SCHOLARSHIPS SUBMITTED BY STUDENTS OR PROSPECTIVE STUDENTS, COMPARES THE APPLICATIONS WITH THE WRITTEN ELIGIBILITY CRITERIA AND DETERMINES IF THE APPLICANT IS ELIGIBLE AND THEN APPROVES OR REJECTS AN APPLICATION. A WRITTEN RECORD OF THE APPROVALS AND THE AMOUNTS OF THE SCHOLARSHIPS IS MAINTAINED. THE ACCOUNTING AND FINANCIAL AID DEPARTMENTS ARE THEN NOTIFIED OF THE AMOUNT OF ANY SCHOLARSHIP AWARDED AND A PRO RATA PORTION OF THE SCHOLARSHIP IS CREDITED TO THE STUDENT'S ACCOUNT ON A MONTHLY BASIS. IF A STUDENT WITHDRAWS FROM THE COLLEGE, THE UNUSED PORTION OF THE SCHOLARSHIP IS CANCELLED. SCHEDULE I, PART 1, LINE 2: 1 X 0 0 0 0 0 0 0 0 0 BRANDON SHEDRON PRESIDENT (MAR-DEC) 328191 0 0 0 0 0 0 0 10016 0 338207 0 0 0 ADAM MARTIN GENERAL COUNSEL/SR VP OF H 200342 0 0 0 0 0 0 0 23482 0 223824 0 0 0 JEREMY ALLEY CHIEF FINANCIAL OFFICER/CO 188177 0 0 0 0 0 0 0 22612 0 210789 0 0 0 JOANN BOUDREAUX REGIONAL VP OF OPERATIONS 193150 0 0 0 0 0 0 0 13848 0 206998 0 0 0 HEATHER HENSELL PROVOST 206759 0 0 0 0 0 0 0 0 0 206759 0 0 0 TODD ZVAIGZNE VP OF EDUCATIONAL SUPPORT/ 165266 0 0 0 0 0 0 0 21788 0 187054 0 0 0 HEATHER MCIVER VP OF INSTITUTIONAL INNOVA 152263 0 0 0 0 0 0 0 0 0 152263 0 0 0 PART I, LINE 1B HOUSING ALLOWANCES ARE MADE BASED ON VERBAL AGREEMENTS. THE ORGANIZATION DOES NOT HAVE A WRITTEN POLICY REGARDING HOUSING ALLOWANCES. EDUCATION AMERICA INC FORMER DIRECTOR JERRY BARNETT OWNS 100% OF EDUCATION AMERICA, INC. PURCHASE TRANSACTION - DEBT RESTRUCTURE IN 2022 X 38250000 35550000 0 1 1 35550000 FORM 990, PART III, LINE 1, DESCRIPTION OF ORGANIZATION'S MISSION INTO, OR ADVACEMENT WITHIN, THEIR CHOSEN CAREER FIELDS. TO ACCOMPLISH ITS MISSION, REMINGTON COLLEGE IS COMMITTED TO PROVIDING A LEARNING ENVIRONMENT IN WHICH LEARNING BY TRADITIONAL AND NON-TRADITIONAL STUDENTS IS FOCUSED BOTH ON CAREER SPECIFIC KNOWLEDGE AND SKILLS AND THE VALUE OF BROAD GENERAL EDUCATION. REMINGTON COLLEGE BELIEVES THAT AN EDUCATIONAL EXPERIENCE WHICH INCLUDES BOTH CAREER FOCUSED STUDIES AND BROAD GENERAL KNOWLEDGE CAN PROVIDE GRADUATES WITH A BALANCED PERSPECTIVE WHICH CAN LEAD TO A MORE FULFILLING LIFE. TO ACHIEVE ITS MISSION, REMINGTON COLLEGE RECRUITS AND MAINTAINS A CARING FACULTY WHOSE ACADEMIC QUALIFICATIONS ARE ENHANCED BY YEARS OF PROFESSIONAL EXPERIENCE IN THE WORKPLACE. REMINGTON'S FACULTY IS SUPPORTED BY AN ADMINISTRATION COMMITTED TO HELPING STUDENTS ACHIEVE THEIR GOAL OF STARTING OR ENHANCING THEIR CAREER. FORM 990, PART IV, LINE 12A: THE ORGANIZATION DID NOT RECEIVE AUDITED FINANCIAL STATEMENTS FOR THE TAX YEAR ENDED DECEMBER 31, 2023 BUT DID RECEIVE AUDITED FINANCIAL STATEMENTS FOR THE FISCAL YEAR ENDED JUNE 30, 2023. THE ORGANIZATION'S BOARD OF DIRECTORS HAS RESPONSIBILITY FOR OVERSIGHT OF THE FISCAL YEAR AUDIT AND SELECTION OF AN INDEPENDENT ACCOUNTANT. THE FISCAL YEAR AUDITED FINANCIALS ARE ISSUED ON A SEPARATE BASIS. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED BY THE PRESIDENT AND GENERAL COUNSEL AND IS MADE AVAILABLE TO THE DIRECTORS OF THE ORGANIZATION PRIOR TO BEING FILED. FORM 990, PART VI, SECTION B, LINE 12C THE COMPANY HAS A POLICY THAT REQUIRES IMMEDIATE DISCLOSURE OF ANY CONFLICT OF INTEREST OR POTENTIAL CONFLICT OF INTEREST BY DIRECTORS, OFFICERS, MANAGERS AT THE TIME THE CONFLICT ARISES. THE COMPANY ALSO REQUIRES A CONFLICTS OF INTEREST DISCLOSURE STATEMENT TO BE COMPLETED ANNUALLY. THE BOARD HAS HAD CONFLICTS OF INTEREST PRESENTED TO THEM FOR CONSIDERATION AND APPROVED THE TERMS UPON WHICH THE CONFLICT WOULD BE RESOLVED OR DISALLOWED. THE PRESIDENT OF THE COMPANY HAS REVIEWED CONFLICTS PRESENTED TO HIM/HER WHERE THE RESOLUTION WAS WITHIN HIS/HER AUTHORITY IN ACCORDANCE WITH THE CONFLICTS OF INTEREST POLICY AND APPROVED THE TERMS UPON WHICH THE CONFLICT WOULD BE RESOLVED OR DISALLOWED. ALL CONFLICTS OF INTEREST THAT MIGHT INVOLVE A PRIVATE BENEFIT WERE ALSO REVIEWED IN ACCORDANCE WITH THE PRIVATE INUREMENT POLICY. CONTRACTS FOR GOODS AND SERVICES PURCHASED BY THE COMPANY ARE REVIEWED BY THE LEGAL DEPARTMENT AND ANY THAT MIGHT INVOLVE A CONFLICT OF INTEREST ARE REPORTED TO THE PRESIDENT IN ACCORDANCE WITH THE CONFLICTS OF INTEREST POLICY. FORM 990, PART VI, SECTION B, LINE 15A CHANGES IN COMPENSATION OF EXECUTIVE OFFICERS AND THE COMPENSATION OF NEW EXECUTIVE OFFICERS ARE REVIEWED AND APPROVED BY THE BOARD OF DIRECTORS. THE BOARD DETERMINES WHETHER THE COMPENSATION IS AT FAIR MARKET VALUE BASED UPON THE EXPERIENCE LEVELS OF THESE INDIVIDUALS AND IMPORTANCE TO THE OPERATIONS OF THE COMPANY IN THE FUTURE. FORM 990, PART VI, SECTION C, LINE 19 ALL DOCUMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9: BAD DEBT EXPENSE 197,874. BOOK/TAX DIFFERENCE IN AMORTIZATION EXPENSE 9,390,351. FORM 990, PART XII, LINE 2B: THE ORGANIZATION RECEIVED AUDITED FINANCIAL STATEMENTS FOR THE FISCAL YEAR ENDED JUNE 30, 2023.