2024-05-15T08:54:38-05:00 2023-06-30 141918990 TEMPLETON & COMPANY LLP 222 LAKEVIEW AVENUE SUITE 1200 WEST PALM BEACH FL 33401 990 2022-07-01 591092732 PALM BEACH ATLANTIC UNIVERSITY INC PALM 5618032083 901 S FLAGLER DRIVE WEST PALM BEACH FL 33401 DR DEBRA A SCHWINN PRESIDENT 5618032004 2024-05-15 1 DR DEBRA A SCHWINN XXX-XX-XXXX 1 RICHARD JUBACK P00630706 5617989988 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z DR DEBRA A SCHWINN 901 S FLAGLER DRIVE WEST PALM BEACH FL 33401 167272081 0 X HTTP://WWW.PBA.EDU/ X 1968 FL PBA IS A PRIVATE CHRISTIAN UNIVERSITY OFFERING UNDERGRADUATE, GRADUATE & PROFESSIONAL PROGRAMS. 27 27 1407 12 73490 72490 45392630 12884735 109378721 114139188 -489327 34160365 375182 252042 154657206 161436330 43753394 46297856 0 0 40715951 45846251 0 0 1821084 42603243 49078851 127072588 141222958 27584618 20213372 276408667 311756131 66058413 74095769 210350254 237660362 X THE MISSION OF PALM BEACH ATLANTIC UNIVERSITY IS TO PREPARE STUDENTS FOR LIFELONG LEARNING AND LEADERSHIP BY OFFERING EXCELLENT UNDERGRADUATE, GRADUATE AND PROFESSIONAL PROGRAMS OF STUDY IN THE ARTS, HUMANITIES, SCIENCES AND SELECTED PROFESSIONS. 0 0 119309282 46297856 114139188 PALM BEACH ATLANTIC UNIVERSITY OFFERS HIGHER EDUCATION TO A TOTAL OF APPROXIMATELY 3,829 STUDENTS, ENCOMPASSING BOTH FULL-TIME AND PART-TIME STUDENTS, ACROSS ITS 70 UNDERGRADUATE, 15 GRADUATE, 1 DOCTOR OF PHILOSOPHY, AND 2 PROFESSIONAL DEGREE PROGRAMS, AND ALSO PROVIDES A RANGE OF AUXILIARY SERVICES SUCH AS CONTINUING EDUCATION, STUDENT HOUSING, A DINING HALL, AND A BOOKSTORE, TO NAME A FEW. MOREOVER, THE UNIVERSITY EXTENDS FINANCIAL ASSISTANCE TO AROUND 4,028 STUDENTS, NOTING THAT THIS NUMBER MAY VARY FROM THE OVERALL STUDENT COUNT SINCE CERTAIN STUDENTS MAY RECEIVE MULTIPLE TYPES OF FINANCIAL AWARDS. 119309282 1 1 0 1 0 0 0 1 0 1 1 1 0 0 1 1 1 0 1 0 1 0 1 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 1 0 0 0 1 196 0 1 1407 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 27 27 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 0 1 1 0 FL X STACIE BOWIE CHIEF FINANCIAL OFFIC 5618032155 901 S FLAGLER DR WEST PALM BEACH FL 33401 TIMOTHY SOTOS CHAIRMAN 1.00 X X 0 0 0 THOMAS MCCAFFREY VICE-CHAIR 1.00 X X 0 0 0 CHANDRA BILL-RABENECKER SECRETARY 1.00 X X 0 0 0 MICHAEL J STEVENS TREASURER 1.00 X X 0 0 0 REV WALTER B ARNOLD III TRUSTEE 1.00 X 0 0 0 GINGER BILLS TRUSTEE 1.00 X 0 0 0 WILLIAM C BRADFORD TRUSTEE 1.00 X 0 0 0 CATHLEEN BURK TRUSTEE 1.00 X 0 0 0 MARK H CAMPBELL TRUSTEE 1.00 X 0 0 0 WAYNE W COTTON TRUSTEE 1.00 X 0 0 0 DANIEL A HANLEY ESQ TRUSTEE 1.00 X 0 0 0 SCOTT G HAWKINS ESQ TRUSTEE 1.00 X 0 0 0 JAMES C JENKINS TRUSTEE 1.00 X 0 0 0 JAMES J JOHNSTON TRUSTEE 1.00 X 0 0 0 R MARSHALL JONES TRUSTEE 1.00 X 0 0 0 MAMI KISNER TRUSTEE 1.00 X 0 0 0 PATRICK C KOENIG TRUSTEE 1.00 X 0 0 0 RICHARD A KRAUSE TRUSTEE 1.00 X 0 0 0 GRACE KURIAN TRUSTEE 1.00 X 0 0 0 JOHN W LITTLE III ESQUIRE TRUSTEE 1.00 X 0 0 0 BARBARA A MOORE TRUSTEE 1.00 X 0 0 0 SANDY ROGERS TRUSTEE 1.00 X 0 0 0 STEVEN G SCALICI TRUSTEE 1.00 X 0 0 0 DR JAMES H SCROGGINS IV TRUSTEE 1.00 X 0 0 0 SUSAN SORRELL TRUSTEE 1.00 X 0 0 0 KARL H WATSON SR TRUSTEE 1.00 X 0 0 0 KARL H WATSON JR TRUSTEE 1.00 X 0 0 0 DEBRA SCHWINN PRESIDENT 60.00 X 718267 0 29045 LAURA BISHOP EXECUTIVE VP FOR ADVANCEME 40.00 X 272247 0 19649 STEVEN ALDERMAN CHIEF LEGAL OFFICER AND GENERAL COUNSEL 40.00 X 224235 0 10308 STACIE BOWIE VP FINANCE & ADMIN/CFO 60.00 X 222941 0 27000 SCOTT BARNES VP ITS 40.00 X 178572 0 9577 NANCY BRAINARD VP ENROLLMENT 40.00 X 174643 0 833 CHELNECA TEMPLETON PROVOST, CAO 40.00 X 158503 0 12367 RANDOLPH E RICHARDS PROVOST, CAO (PREVIOUSLY) 40.00 X 149172 0 25000 COURTNEY LOVELY DIRECTOR OF ATHLETICS 40.00 X 147063 0 13693 BOB LUTZ VP STUDENT DEVELOPMENT 40.00 X 137491 0 13166 MONA HICKS VP HUMAN RESOURCES 40.00 X 125489 0 11197 BERNARD CUETO VP FOR SPIRITUAL DEVELOPMENT 40.00 X 123341 0 7677 CARA WALD VP HUMAN RESOURCES 40.00 X 99600 0 6420 DANA STRACHAN ASSOCIATE DEAN FOR ACADEMICS 40.00 X 186681 0 16750 PHIL TOBIN DEAN, SCHOOL OF HEALTH PROFESSIONS; DIRECTOR OF PA 40.00 X 184709 0 10899 JOHN HAYES TITUS CHAIR FOR FRANCHISE LEADERSHIP; PROFESSOR FO 40.00 X 173621 0 13773 BRIAN STROW DEAN RINKER SCHOOL OF BUSINESS 40.00 X 161797 0 16177 MICHELE SCHNEIDER ASSISTANT VP & CONTROLLER 40.00 X 149340 0 9017 3587712 0 252548 8 0 1 0 MILLENIA LAKES OWNER I LP 591 WEST PUTNAM AVENUE GREENWICH CT 06830 RENT 457704 JONES FOSTER PA 505 S FLAGLER DRIVE SUITE 1100 WEST PALM BEACH FL 33401 LEGAL SERVICES 408129 TIMELYMD 1315 S ADAMS ST FORT WORTH TX 76104 TELEHEALTH PROVIDER 280845 LOVE 900 LLC PO BOX 28 GEDNEY STATION WHITE PLAINS NY 10605 RENT 195925 TEMPLETON & COMPANY LLP 222 LAKEVIEW AVE STE 1200 WEST PALM BEACH FL 33401 PROFESSIONAL SERVICES 184639 8 130070 4001386 8753279 15125 12884735 TUITION & FEES 611310 96789931 96789931 AUXILIARY 611310 14622560 14622560 SERVICE CHARGES/ACCOUNT FEES 611310 2726697 2726697 114139188 2367334 2367334 246634 73490 0 0 246634 73490 320124 73490 246634 37500000 888489 4818480 -888489 32681520 31793031 31793031 60700 130070 128782 -68082 -68082 161436330 114139188 73490 34338917 44043140 44043140 2254716 2254716 4054900 1518439 2223863 312598 33105285 26839655 5507169 758461 1011661 874299 123117 14245 5070774 2959362 2028237 83175 2603631 2032649 507360 63622 660620 660620 152838 152838 309498 309498 4441756 3937501 177256 326999 938872 531512 401273 6087 3208431 2112350 854805 241276 2816515 657821 2158694 934321 709567 224754 821148 732841 73686 14621 1399753 1333711 66042 5833798 5558554 275244 3513442 3347675 165767 UNRELATED BUSINESS TAX 42225 42225 SERVICES, SUPPLIES AND 11523855 7989818 3534037 FOOD CONTRACTOR 6288162 6288162 UTILITIES 3145215 2788662 356553 3048402 2798848 249554 141222958 119309282 20092592 1821084 24372669 28113655 4507165 246039 30886326 31495711 1770256 1165333 13363170 8620613 3682945 38995568 211292811 109349641 101728130 101943170 653948 607534 85144266 91002296 10299792 9566212 276408667 311756131 5937528 7994691 7072841 7593472 40959494 43025184 12088550 15482422 66058413 74095769 X 92244594 112409044 118105660 125251318 210350254 237660362 276408667 311756131 X 20213372 5851459 1245277 X X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 1 120180 0 0 120180 0 PART II-B, LINE 1: ORGANIZATION ENGAGES 1 LOBBYING FIRM IN TALLAHASSEE, FLORIDA FOR STATE PURPOSES. THE FIRM IS ENGAGED TO KEEP THE ORGANIZATION ABREAST OF LEGISLATION AND IMPORTANT NEWS REGARDING EDUCATION. THE ORGANIZATION DOES NOT SUPPORT CANDIDATES OR POLITICAL PARTIES. X X X EDUCATION 0 97755000 563862 7160625 2416558 1157212 188700 101717017 97750000 5830000 -3009000 2612091 203909 97755000 85378000 2732000 14269000 4238000 352251 38749 97750000 85935291 2369506 1319789 3727191 424780 94615 85378000 85658707 1016094 2218387 2847137 110760 85935291 0.14000 0.86000 0.00000 1 0 20839052 20839052 149490111 90883157 58606954 178010 34907 143103 22376255 18431577 3944678 18409383 18409383 101943170 2906754 C PRIVATE FUNDS 88095542 F 91002296 DEPOSITS AND OTHER LIABILITIES 5794151 ANNUITIES PAYABLE 122059 LEASE OBLIGATIONS 9566212 15482422 X 122175292 5851459 1374059 7225518 114949774 188700 46297856 46486556 161436330 94864471 128782 128782 94735689 188700 46298569 46487269 141222958 PART III, LINE 4: THE UNIVERSITY PERIODICALLY RECEIVES ARTWORK FROM DONORS FOR PUBLIC EXHIBITION PURPOSES. SUCH ARTWORK COLLECTION HAS NOT BEEN RECORDED SINCE THE UNIVERSITY DOES NOT HAVE OBJECTIVE AND MEASURABLE FAIR VALUES TO ASSIGN TO THE ARTWORK. PART V, LINE 4: THE INTENDED USE OF THE ENDOWMENT FUNDS IS TO GENERATE INCOME TO PROVIDE STUDENT SCHOLARSHIPS, FOR FACULTY SALARIES, AND PROFESSIONAL DEVELOPMENT AND MAINTAIN FACILITIES. PART X, LINE 2: THE UNIVERSITY HAS BEEN RECOGNIZED BY THE INTERNAL REVENUE SERVICE (IRS) AS AN ORGANIZATION EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (IRC). ACCORDINGLY, NO PROVISION FOR INCOME TAXES HAS BEEN RECORDED IN THE FINANCIAL STATEMENTS. THE UNIVERSITY IS REQUIRED TO OPERATE IN CONFORMITY WITH THE PROVISIONS OF THE IRC TO MAINTAIN ITS EXEMPT STATUS. THE UNIVERSITY RECOGNIZES THE TAX BENEFIT ASSOCIATED WITH TAX POSITIONS TAKEN FOR TAX RETURN PURPOSES WHEN IT IS MORE LIKELY THAN NOT THE POSITION WILL BE SUSTAINED. THE UNIVERSITY DOES NOT BELIEVE THERE ARE ANY UNCERTAIN TAX POSITIONS. FOR THE YEARS ENDED JUNE 30, 2023 AND 2022, THERE WERE NO INTEREST OR PENALTIES RECORDED OR INCLUDED IN THE UNIVERSITY'S FINANCIAL STATEMENTS. THE UNIVERSITY IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS FOR YEARS PRIOR TO 2020. EARNINGS FROM UNRELATED BUSINESS ACTIVITIES WERE NOT SIGNIFICANT FOR THE YEARS ENDED JUNE 30, 2023 AND 2022; THEREFORE, NO RELATED INCOME TAXES ARE ACCRUED IN THE ACCOMPANYING FINANCIAL STATEMENTS. PART XI, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSE 128,782. CHANGE IN VALUE OF SPLIT-INTEREST TRUSTS 1,245,277. PART XI, LINE 4B - OTHER ADJUSTMENTS: UNSPONSORED SCHOLARSHIPS 35,219,585. SPONSORED SCHOLARSHIPS 3,272,331. ATHLETIC SCHOLARSHIPS 3,804,554. PELL GRANTS 4,001,386. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSE 128,782. PART XII, LINE 4B - OTHER ADJUSTMENTS: UNSPONSORED SCHOLARSHIPS 35,219,585. SPONSORED SCHOLARSHIPS 3,272,331. ATHLETIC SCHOLARSHIPS 3,804,554. PELL GRANTS 4,001,386. PRIOR PERIOD ADJUSTMENT 713. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 SCHEDULE E, PART I, LINE 3 PUBLICIZED IN THE STUDENT BROCHURES. 1 PROGRAM SERVICES 0 0 PROGRAM SERVICES - STUDY ABROAD FOR EDUCATION INTERNATIONAL STUDY AVAILABLE IN LONDON, OXFORD, VIETNAM, PARIS, GALAPAGOS, MIDDLE EAST, INDOCHINA, NEW ZEALAND, COSTA RICA, AND ITALY. 710150 0 0 0 0 0 0 710150 0 710150 FINANCIAL AID, SCHOLARSHIPS AND STUDENT CREDIT CENTRAL AMERICA AND THE CARIBBEAN 15 192860 STUDENT CREDIT N/A FMV FINANCIAL AID, SCHOLARSHIPS AND STUDENT CREDIT EAST ASIA AND THE PACIFIC 13 242836 STUDENT CREDIT N/A FMV FINANCIAL AID, SCHOLARSHIPS AND STUDENT CREDIT EUROPE (INCLUDING ICELAND & GREENLAND) 59 1123056 STUDENT CREDIT N/A FMV FINANCIAL AID, SCHOLARSHIPS AND STUDENT CREDIT NORTH AMERICA 15 207733 STUDENT CREDIT N/A FMV FINANCIAL AID, SCHOLARSHIPS AND STUDENT CREDIT MIDDLE EAST AND NORTH AFRICA 2 26380 STUDENT CREDIT N/A FMV FINANCIAL AID, SCHOLARSHIPS AND STUDENT CREDIT RUSSIA AND NEIGHBORING STATES 5 81224 STUDENT CREDIT N/A FMV FINANCIAL AID, SCHOLARSHIPS AND STUDENT CREDIT SOUTH AMERICA 19 215435 STUDENT CREDIT N/A FMV FINANCIAL AID, SCHOLARSHIPS AND STUDENT CREDIT SOUTH ASIA 2 32260 STUDENT CREDIT N/A FMV FINANCIAL AID, SCHOLARSHIPS AND STUDENT CREDIT SUB-SAHARAN AFRICA 8 132932 STUDENT CREDIT N/A FMV 0 0 0 0 0 0 PART I, LINE 3: ACCRUAL PART III ACCOUNTING METHOD: ANNUAL WOMEN OF DISTINCTION 190770 130070 60700 128782 190770 130070 60700 128782 128782 -68082 1 FINANCIAL AID/TUITION REMISSION 3217 40041754 COST OF ATTENDANCE TUITION ASSISTANCE PELL GRANT AWARDS 811 4001386 COST OF ATTENDANCE, FINANCIAL NEED, AND ENROLLMENT STATUS PART I, LINE 2: GRANT FUNDS ARE ADMINISTERED IN COMPLIANCE WITH FEDERAL AND STATE APPLICABLE REGULATIONS. GRANTS AND SCHOLARSHIPS ARE DISBURSED ACCORDING TO ELIGIBILITY CRITERIA INCLUDING SCHOLASTIC ABILITY, CHRISTIAN INVOLVEMENT, FINANCIAL NEED AND/OR TALENT. GRANTS AND SCHOLARSHIPS ARE ACCOUNTED FOR IN SEPARATE GENERAL LEDGER ACCOUNTS WHICH ARE RECONCILED INTERNALLY. GRANTS AND SCHOLARSHIPS ARE AUDITED ANNUALLY IN COMPLIANCE WITH THE STANDARDS APPLICABLE TO FINANCIAL AUDITS CONTAINED IN GOVERNMENT AUDITING STANDARDS, ISSUED BY THE COMPTROLLER GENERAL OF THE UNITED STATES; AND THE AUDIT REQUIREMENTS OF TITLE 2 U.S. CODE OF FEDERAL REGULATIONS PART 200, UNIFORM ADMINISTRATIVE REQUIREMENTS, COST PRINCIPLES, AND AUDIT REQUIREMENTS FOR FEDERAL AWARDS (UNIFORM GUIDANCE); AND CHAPTER 10.650, RULES OF THE FLORIDA AUDITOR GENERAL. X X X 1 1 X X X X 0 1 0 0 0 0 0 0 0 DEBRA SCHWINN PRESIDENT 424360 0 225000 0 68907 0 27000 0 2045 0 747312 0 0 0 LAURA BISHOP EXECUTIVE VP FOR ADVANCEME 268981 0 3266 0 0 0 19649 0 0 0 291896 0 0 0 STACIE BOWIE VP FINANCE & ADMIN/CFO 219675 0 3266 0 0 0 27000 0 0 0 249941 0 0 0 STEVEN ALDERMAN CHIEF LEGAL OFFICER AND GENERAL COUN 200969 0 23266 0 0 0 10308 0 0 0 234543 0 0 0 DANA STRACHAN ASSOCIATE DEAN FOR ACADEMICS 186681 0 0 0 0 0 15062 0 1688 0 203431 0 0 0 PHIL TOBIN DEAN, SCHOOL OF HEALTH PROFESSIONS; 184709 0 0 0 0 0 9399 0 1500 0 195608 0 0 0 SCOTT BARNES VP ITS 175306 0 3266 0 0 0 9300 0 277 0 188149 0 0 0 JOHN HAYES TITUS CHAIR FOR FRANCHISE LEADERSHIP 173621 0 0 0 0 0 13773 0 0 0 187394 0 0 0 BRIAN STROW DEAN RINKER SCHOOL OF BUSINESS 161797 0 0 0 0 0 16177 0 0 0 177974 0 0 0 NANCY BRAINARD VP ENROLLMENT 171377 0 3266 0 0 0 0 0 833 0 175476 0 0 0 RANDOLPH E RICHARDS PROVOST, CAO (PREVIOUSLY) 149172 0 0 0 0 0 24500 0 500 0 174172 0 0 0 CHELNECA TEMPLETON PROVOST, CAO 155237 0 3266 0 0 0 12367 0 0 0 170870 0 0 0 COURTNEY LOVELY DIRECTOR OF ATHLETICS 143797 0 3266 0 0 0 11693 0 2000 0 160756 0 0 0 MICHELE SCHNEIDER ASSISTANT VP & CONTROLLER 149340 0 0 0 0 0 9017 0 0 0 158357 0 0 0 BOB LUTZ VP STUDENT DEVELOPMENT 134225 0 3266 0 0 0 11166 0 2000 0 150657 0 0 0 PART I, LINE 1A THE UNIVERSITY COVERS OCCASIONAL TRAVEL EXPENSES FOR COMPANIONS, INCLUDING SPOUSES FOR BONA FIDE BUSINESS PURPOSES. THE UNIVERSITY ALSO PAYS 100% OF THE PRESIDENT'S SOCIAL CLUB DUES, WHICH ARE SOLELY FOR BUSINESS PURPOSES. PART I, LINE 4B HAVING DEDICATED HIS CAREER TO PRIVATE HIGHER EDUCATION, PALM BEACH ATLANTIC UNIVERSITY'S EIGHTH PRESIDENT, WILLIAM M. B. FLEMING, JR. (FLEMING) ANNOUNCED HIS PLAN TO RETIRE EFFECTIVE JUNE 2020. A NON-RECURRING EXPENSE WAS INCURRED BY THE UNIVERSITY IN THE PRIOR & CURRENT YEAR AS PART OF MR. FLEMING'S EMPLOYMENT AGREEMENT. WHICH PROVIDED FOR SEVERANCE CONSISTING OF ONE YEAR BASE SALARY, PLUS TARGETTED BONUS, PLUS CURRENT YEAR DEFERRED COMPENSATION AS WELL AS PREVIOUSLY ACCRUED BONUSES AND OTHER EXECUTIVE BENEFITS, ALL OF WHICH APPROXIMATELY TOTALLED $863,464. APPROXIMATELY $249,800 OF SEVERANCE WAS PAID IN FISCAL 2020, APPROXIMATELY $514,993 WAS PAID IN FISCAL 2021, APPROXIMATELY $74,335 WAS PAID IN FISCAL 2022 AND APPROXIMATELY $24,336, WAS PAID IN FISCAL 2023. IN ADDITION, MR. FLEMING WAS DISTRIBUTED $167,114 RELATED TO DEFERRED COMPENSATION UNDER A SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN WHICH WAS PAYABLE UPON HIS TERMINATION OF EMPLOYMENT. A PALM BEACH COUNTY EDUCATIONAL FACILITIES AUTHORITY REV SERIES 2021 BONDS 941347393 2021-10-13 35740000 REFUND SERIES '12 BONDS AND '14 TERM LOANS & FINANCE FUTURE CAPITAL PROJECTS 0 0 0 A 1 0 1 1 A 0 0 0 0 0 0 0 0 0 A 0 TRUSTEE JAMES JENKINS AND TRUSTEE J ELDER AT MEMORIAL PRESBYTERIAN CHURCH 27830 PROPERTY RENTAL 0 TRUSTEE SCOTT HAWKINS SHAREHOLDER IN JONES, FOSTER, JOHNSON AND STUBBS, P.A. 466582 LEGAL SERVICES 0 VICE CHAIRMAN MIKE STEVENS MARSHALL AND VERA LEA RINKER FOUNDATION 147500 INTEREST ON PROMISSORY NOTE 0 TRUSTEE JOHN LITTLE JOHN LITTLE ATTORNEY AT GUNSTER YOAKLEY 1676 LEGAL SERVICES 0 TRUSTEE JAMES SCROGGINS PASTOR AT FIRST BAPTIST CHURCH OF WEST PALM BEACH 175 MINISTRY PARTNERSHIP AGREEMENT 0 FORM 990, PART III, LINE 1, DESCRIPTION OF ORGANIZATION MISSION: PBA IS A PRIVATE, INDEPENDENT UNIVERSITY DEDICATED TO THE INTENTIONAL INTEGRATION OF CHRISTIAN PRINCIPLES. AS A COMMUNITY OF LEARNERS, THE UNIVERSITY PROVIDES STUDENTS WITH A RIGOROUS EDUCATIONAL ENVIRONMENT THAT LEADS TO INTELLECTUAL, SPIRITUAL AND PERSONAL CHARACTER DEVELOPMENT. FORM 990, PART VI, SECTION A, LINE 2 THE ORGANIZATION ACKNOWLEDGES THAT THERE IS A FAMILY RELATIONSHIP BETWEEN KARL WATSON SR. AND KARL WATSON JR., BOTH OF WHOM SERVE AS MEMBERS OF THE ORGANIZATION'S BOARD. FORM 990, PART VI, SECTION B, LINE 11B THE AUDIT COMMITTEE CHAIRMAN, VP OF FINANCE AND CONTROLLER'S OFFICE REVIEWS THE FORM 990. THE UNIVERSITY ALSO SENDS AN ELECTRONIC COPY OF THE FORM 990 TO MEMBERS OF THE BOARD OF TRUSTEES. FORM 990, PART VI, SECTION B, LINE 12C TRUSTEES ARE REQUIRED TO FILE ON AN ANNUAL BASIS A DISCLOSURE AND COMPLIANCE STATEMENT DISCLOSING THEIR PERSONAL INTEREST, DIRECT OR INDIRECT, IN ANY UNIVERSITY TRANSACTION DURING THE PREVIOUS YEAR AND AFFIRMING THAT (I) THEY HAVE READ THE UNIVERSITY CONFLICT OF INTEREST AND COMMITMENT POLICY, (II) THEY WILL AVOID PARTICIPATING IN ANY UNIVERSITY DECISION IN WHICH THE INDIVIDUAL OR ANY AFFILIATE COULD BE SAID TO HAVE PERSONAL FINANCIAL OR OTHER STAKE IN THE DECISION OR WHERE OTHER OUTSIDE INFLUENCES COULD INFLUENCE THE TRUSTEE'S INDEPENDENT JUDGMENT. COPIES OF ALL DISCLOSURE AND COMPLIANCE STATEMENTS SHALL BE KEPT AS A MATTER OF RECORD IN THE PRESIDENTS OFFICE. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD REVIEWS THE COMPENSATION OF THE PRESIDENT ANNUALLY. INFORMATION IS COLLECTED ON NEW AND VACANT POSITIONS FROM SEARCH COMMITTEES AS WELL AS DATA FROM MANY SOURCES INCLUDING, BUT NOT LIMITED TO, CUPA-HR, CCCU, AUUP, FLORIDA DEPARTMENT OF LABOR ETC. HUMAN RESOURCES REVIEWS THE DIFFERENT POSITIONS, DESCRIPTION OF THE POSITIONS, AND THE PROPOSED SALARY FOR CONTENT AND FIT WITHIN THE CAMPUS SALARY STRUCTURE. FINAL REVIEW AND APPROVAL OF ALL FULL-TIME OFFERS OF EMPLOYMENT AT THE DIRECTOR LEVEL AND ABOVE ARE PRESENTED TO THE PRESIDENT FOR APPROVAL UPON THE RECOMMENDATION OF THE APPROPRIATE VICE PRESIDENT. FORM 990, PART VI, SECTION C, LINE 19 UPON WRITTEN REQUEST. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF SPLIT-INTEREST TRUSTS 1,245,277. FORM 990, PART XII, LINE 2C: THE UNIVERSITY HAS NOT CHANGED ITS OVERSIGHT PROCESS POLICY. BEGINNINGS OF PALM BEACH COUNTY INC 4765 LANTANA ROAD LAKE WORTH FL 33463 592412927 CHILD CARE FL C 28191 1922657 1.00000 0 D & L LAND INC 901 S FLAGLER DRIVE WEST PALM BEACH FL 33401 592688950 RENTAL REAL ESTATE FL C -17889 272226 1.00000 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0