Watkins Institute

“The form 990 is prepared by the accounting firm who conducts the audit. The form 990 is based on the audit and is reviewed by the board treasurer, board chair, president, the cfo and the accounting firm prior to submission.”

“Compliance with the conflict of interest policy is done by having the board members complete an annual conflict of interest disclosure form.”

“The compensation of the chief executive was established during the latest contract renewal done on december 16, 2013. The negotiations were conducted by the organization's chairman and vice chairman and took into consideration salary information available from the chronicle of higher education, the association of independent colleges of art and design and other relevant sources. The terms of the employment agreement, including the compensation provisions were approved by the entire board and such action is reflected in the minutes of the meeting at which such action was taken. The compensation of the cfo is an internal function done by the president using data on comparable compensation for similarly persons in comparable institutions for comparable positions.”

“Watkins institute makes its governing documents, conflict of interest policy, and financial statements available to the public upon request. The form 990 is available to the public upon request and can also be located on the website http://www.givingmatters.com.”

“Service contracts: program service expenses 76,193. Management and general expenses 3,244. Fundraising expenses 2,015. Total expenses 81,452. Contract payments: program service expenses 64,207. Management and general expenses 10,039. Fundraising expenses 170. Total expenses 74,416. Work study: program service expenses 47,270. Management and general expenses 19,487. Fundraising expenses 214. Total expenses 66,971. Bad debt: program service expenses 0. Management and general expenses 58,986. Fundraising expenses 0. Total expenses 58,986. Program events: program service expenses 48,473. Management and general expenses 573. Fundraising expenses 1,755. Total expenses 50,801. Communications: program service expenses 46,179. Management and general expenses 948. Fundraising expenses 948. Total expenses 48,075. Postage: program service expenses 33,426. Management and general expenses 5,626. Fundraising expenses 3,224. Total expenses 42,276. Dues & subscriptions: program service expenses 8,711. Management and general expenses 30,262. Fundraising expenses 1,288. Total expenses 40,261. Bank fees: program service expenses 7,703. Management and general expenses 31,306. Fundraising expenses 0. Total expenses 39,009. Copy expense: program service expenses 34,393. Management and general expenses 2,387. Fundraising expenses 1,911. Total expenses 38,691. Ra housing: program service expenses 27,115. Management and general expenses 0. Fundraising expenses 0. Total expenses 27,115. Accreditation: program service expenses 19,588. Management and general expenses 8. Fundraising expenses 0. Total expenses 19,596. Library: program service expenses 17,174. Management and general expenses 0. Fundraising expenses 0. Total expenses 17,174. Graduation: program service expenses 8,505. Management and general expenses 3,780. Fundraising expenses 0. Total expenses 12,285. Miscellaneous: program service expenses 1,982. Management and general expenses 656. Fundraising expenses 4,427. Total expenses 7,065. Publications: program service expenses 5,792. Management and general expenses 0. Fundraising expenses 0. Total expenses 5,792. Training: program service expenses 4,485. Management and general expenses 577. Fundraising expenses 62. Total expenses 5,124. Models: program service expenses 2,058. Management and general expenses 0. Fundraising expenses 0. Total expenses 2,058.”

“No changes from prior year”