2024-02-12T14:37:21-06:00 2022-12-31 410746749 CLIFTONLARSONALLEN LLP 420 SOUTH ORANGE AVENUE SUITE 900 ORLANDO FL 32801 990 2022-01-01 275290658 WINTER PARK UNIVERSITY INC WINT 4078393330 941 WEST MORSE BLVD 101 WINTER PARK FL 32789 CHARLES E BALL TREASURER 4078393330 2024-02-12 1 CHARLES BALL 999009999 0 AMY CHAPMAN P00843460 4078021200 2024-02-12 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z X X FKA ROCKY MOUNTAIN COLLEGE OF ART AND DESIGN FOUNDATION INC CHARLES E BALL 941 WEST MORSE BLVD 101 WINTER PARK FL 32789 45000 0 X N/A X 2011 FL WPU WAS ORGANIZED TO BE OPERATED EXCLUSIVELY FOR PUBLIC, CHARITABLE, AND EDUCATION PURPOSES. 4 4 0 0 0 0 30000 45000 0 0 0 0 0 0 30000 45000 0 0 0 0 20000 20000 0 0 0 34863 80294 54863 100294 -24863 -55294 14748 10927 1157 52630 13591 -41703 X WINTER PARK UNIVERSITY, INC. (FORMERLY THE ROCKY MOUNTAIN COLLEGE OF ART AND DESIGN FOUNDATION, INC.) (WPU OR THE ORGANIZATION) WAS ORGANIZED TO BE OPERATED EXCLUSIVELY FOR PUBLIC, CHARITABLE, AND EDUCATIONAL PURPOSES. 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IS A NONPROFIT ORGANIZATION THAT IS EXEMPT FROM FEDERAL INCOME TAX UNDER THE PROVISIONS OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE; THEREFORE NO PROVISION FOR INCOME TAXES HAS BEEN MADE IN THE ACCOMPANYING CONSOLIDATED FINANCIAL STATEMENTS. WINTER PARK UNIVERSITY, INC. HAS ALSO BEEN CLASSIFIED AS AN ORGANIZATION THAT IS NOT A PRIVATE FOUNDATION WITHIN THE MEANING OF SECTION 509(A) AND QUALIFIES FOR DEDUCTIBLE CONTRIBUTIONS AS PROVIDED IN SECTION 170(B)(1)(A). WINTER PARK UNIVERSITY, INC. EVALUATES ITS TAX POSITIONS FOR UNCERTAINTIES ON A REGULAR BASIS AND HAS DETERMINED IT HAS NO MATERIAL UNCERTAIN TAX POSITIONS AS OF DECEMBER 31, 2022 AND 2021. WINTER PARK UNIVERSITY, INC. RECOGNIZES ACCRUED INTEREST AND PENALTIES, IF ANY, ASSOCIATED WITH UNCERTAIN TAX POSITIONS IN MANAGEMENT AND GENERAL EXPENSE IN THE ACCOMPANYING CONSOLIDATED FINANCIAL STATEMENTS. WINTER PARK UNIVERSITY, INC.'S TAX RETURNS ARE SUBJECT TO REVIEW AND EXAMINATION BY FEDERAL AND STATE AUTHORITIES. WINTER PARK UNIVERSITY, INC. IS NOT AWARE OF ANY ACTIVITIES THAT WOULD JEOPARDIZE ITS TAX EXEMPT STATUS. WINTER PARK UNIVERSITY, INC. IS NOT AWARE OF ANY ACTIVITIES THAT ARE SUBJECT TO TAX ON UNRELATED BUSINESS INCOME OR EXCISE TAXES. FORM 990, PART III, LINE 1 WPU'S PURPOSES INCLUDE, BUT ARE NOT LIMITED TO, CREATING AWARENESS OF AND EDUCATING THE PUBLIC ON THE IMPORTANCE OF ART AND DESIGN IN ORDER TO PROMOTE SOCIAL GOOD AND JUSTICE; SUPPORTING CREATIVE PURSUITS AND EXPANSION OF THE PUBLIC'S EXPOSURE TO ART AND DESIGN BY PROVIDING OPPORTUNITIES TO NEW AND ASPIRING ARTISTS, DESIGNERS AND PROFESSIONALS THROUGH EDUCATION AND TRAINING IN ART, DESIGN, BUSINESS, MEDIA, COMMUNICATIONS, TECHNOLOGY, LIBERAL STUDIES AND RELATED SUBJECTS; TO ESTABLISH AND OPERATE A NONPROFIT UNIVERSITY TO FULFILL THE EDUCATIONAL PURPOSES OF THE ORGANIZATION; TO PROVIDE EDUCATION, MENTORSHIPS AND SCHOLARSHIPS FOR STUDENTS SEEKING DEGREES IN ART, DESIGN, EDUCATION, BUSINESS, MEDIA, COMMUNICATION, TECHNOLOGY, LIBERAL ARTS AND RELATED SUBJECTS, AND IMPROVE THE CULTURAL AND ARTISTIC EXPERIENCES OF BROADER COMMUNITIES, THEREBY PROMOTING ART AS AN OUTLET FOR CREATIVITY. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PROVIDED TO ALL MEMBERS OF ITS GOVERNING BODY FOR REVIEW BEFORE FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD OF DIRECTORS ACKNOWLEDGES THAT CONFLICTS OF INTEREST MAY OCCASIONALLY ARISE AND THAT NEITHER THE ELIMINATION FROM THE BOARD OF ALL PERSONS WHO MIGHT POTENTIALLY HAVE ANY SUCH CONFLICT NOR THE AVOIDANCE OF ALL TRANSACTIONS INVOLVING A CONFLICT OF INTEREST WOULD NECESSARILY SERVE THE BEST INTERESTS OF WINTER PARK UNIVERSITY, INC (WPU). NONETHELESS, EACH MEMBER OF THE BOARD OF DIRECTORS IS ENCOURAGED TO AVOID UNDISCLOSED CONFLICTS OF INTEREST AND TO REFRAIN FROM INFLUENCING THE BOARD'S ACTION ON A MATTER IN WHICH SUCH DIRECTOR IS FINANCIALLY INTERESTED. IT IS THEREFORE THE POLICY OF WPU TO AVOID THE PARTICIPATION OF ANY DIRECTOR IN THE BOARD OF DIRECTORS; CONSIDERATION OF A MATTER WHICH POSES A CONFLICT OF INTEREST FOR THAT DIRECTOR. PER WPU'S CONFLICT OF INTEREST POLICY, INTERESTED PERSON MEANS ANY DIRECTOR, PRINCIPAL OFFICER, TRUSTEE OR MEMBER OF A COMMITTEE WITH POWERS DELEGATED BY THE BOARD OF DIRECTORS WHO HAS A DIRECT OR INDIRECT FINANCIAL INTEREST. FINANCIAL INTEREST MEANS ANY OF THE FOLLOWING INTERESTS OR ARRANGEMENTS, EITHER DIRECT OR INDIRECT (THROUGH BUSINESS, INVESTMENT, OR FAMILY): (A) AN OWNERSHIP OR INVESTMENT INTEREST IN ANY ENTITY WITH WHICH WPU HAS A TRANSACTION OR ARRANGEMENT; (B) A COMPENSATION ARRANGEMENT WITH WPU OR WITH ANY ENTITY OR INDIVIDUAL WITH WHICH WPU HAS A TRANSACTION OR ARRANGEMENT; OR (C) A POTENTIAL OWNERSHIP OR INVESTMENT INTEREST IN, OR COMPENSATION ARRANGEMENT WITH, ANY ENTITY OR INDIVIDUAL WITH WHICH WPU IS NEGOTIATING A TRANSACTION OR ARRANGEMENT. IN CONNECTION WITH ANY ACTUAL OR POSSIBLE CONFLICT OF INTEREST, AN INTERESTED PERSON MUST DISCLOSE THE EXISTENCE OF THE FINANCIAL INTEREST AND BE GIVEN THE OPPORTUNITY TO DISCLOSE ALL MATERIAL FACTS TO THE BOARD OF DIRECTORS REGARDING THE PROPOSED TRANSACTION OR ARRANGEMENT. AFTER DISCLOSURE OF THE FINANCIAL INTEREST AND ALL MATERIAL FACTS AND AFTER ANY DISCUSSION WITH THE INTERESTED PERSON THE INTERESTED PERSON SHALL LEAVE THE BOARD OF DIRECTORS MEETING WHILE THE DETERMINATION OF A CONFLICT OF INTEREST IS DISCUSSED AND VOTED UPON. THE REMAINING MEMBERS OF THE BOARD OF DIRECTORS SHALL DECIDE IF A CONFLICT OF INTEREST EXISTS. IF THE BOARD OF DIRECTORS HAS REASONABLE CAUSE TO BELIEVE THAT AN INTERESTED PERSON HAS FAILED TO DISCLOSE ACTUAL OR POSSIBLE CONFLICTS OF INTEREST, IT SHALL INFORM SUCH INTERESTED PERSON OF THE BASIS FOR SUCH BELIEF AND AFFORD THE INTERESTED PERSON AN OPPORTUNITY TO EXPLAIN THE ALLEGED FAILURE TO DISCLOSE. IF THE BOARD OF DIRECTORS DETERMINES THE INTERESTED PERSON HAS FAILED TO DISCLOSE AN ACTUAL OR POSSIBLE CONFLICT OF INTEREST, AFTER HEARING THE INTERESTED PERSON'S RESPONSE AND PERFORMING A FURTHER INVESTIGATION AS WARRANTED BY THE CIRCUMSTANCES, IT SHALL TAKE APPROPRIATE DISCIPLINARY AND CORRECTIVE ACTION. THE MINUTES OF THE BOARD OF DIRECTORS MEETING SHALL CONTAIN: (A) THE NAMES OF THE PERSONS WHO DISCLOSED OR OTHERWISE WERE FOUND TO HAVE A FINANCIAL INTEREST IN CONNECTION WITH AN ACTUAL OR POSSIBLE CONFLICT OF INTEREST, THE NATURE OF THE FINANCIAL INTEREST, ANY ACTION TAKEN TO DETERMINE WHETHER A CONFLICT OF INTEREST WAS PRESENT AND THE BOARD OF DIRECTORS' DECISION AS TO WHETHER A CONFLICT OF INTEREST IN FACT EXISTED. (B) THE NAMES OF THE PERSONS WHO WERE PRESENT FOR DISCUSSIONS AND VOTES RELATING TO SUCH TRANSACTION OR ARRANGEMENT, THE CONTENT OF THE DISCUSSION, ANY PROPOSED ALTERNATIVES TO THE PROPOSED TRANSACTION OR ARRANGEMENT AND RECORDS OF ANY VOTES TAKEN IN CONNECTION WITH THE PROCEEDINGS. THE BOARD WAS POLLED AT THE BOARD MEETING AND NO CONFLICTS WERE IDENTIFIED. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. SPLASH MEDIA U LLC 941 WEST MORSE BLVD SUITE 101 WINTER PARK FL 32789 201790898 ENTITY IS INACTIVE CO WINTER PARK UNIVERSITY INC