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.”

“Negotiations for the compensation of the chief executive 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. His appointment became effective on july 15, 2015. 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 the action was taken. The compensation of the cfo is an internal function done by the president using data on compensation for 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.”

“Watkins college of art & design began offering a master of fine arts degree in film.”

“Service contracts: program service expenses 77,340. Management and general expenses 5,279. Fundraising expenses 2,942. Total expenses 85,561. Work study: program service expenses 57,727. Management and general expenses 23,243. Fundraising expenses 283. Total expenses 81,253. Contract payments: program service expenses 67,108. Management and general expenses 9,510. Fundraising expenses 595. Total expenses 77,213. Program events: program service expenses 49,012. Management and general expenses 2,521. Fundraising expenses 8,393. Total expenses 59,926. Bad debt: program service expenses 0. Management and general expenses 57,091. Fundraising expenses 0. Total expenses 57,091. Communications: program service expenses 41,076. Management and general expenses 897. Fundraising expenses 897. Total expenses 42,870. Dues & subscriptions: program service expenses 9,792. Management and general expenses 31,967. Fundraising expenses 740. Total expenses 42,499. Copy expense: program service expenses 30,490. Management and general expenses 3,550. Fundraising expenses 1,694. Total expenses 35,734. Bank fees: program service expenses 6,896. Management and general expenses 27,856. Fundraising expenses 0. Total expenses 34,752. Ra housing: program service expenses 29,516. Management and general expenses 0. Fundraising expenses 0. Total expenses 29,516. Publications: program service expenses 28,639. Management and general expenses 0. Fundraising expenses 0. Total expenses 28,639. Postage: program service expenses 4,712. Management and general expenses 18,083. Fundraising expenses 1,755. Total expenses 24,550. Graduation: program service expenses 11,752. Management and general expenses 140. Fundraising expenses 0. Total expenses 11,892. Library: program service expenses 9,787. Management and general expenses 0. Fundraising expenses 0. Total expenses 9,787. Training: program service expenses 6,820. Management and general expenses 328. Fundraising expenses 173. Total expenses 7,321. Accreditation: program service expenses 3,488. Management and general expenses 0. Fundraising expenses 0. Total expenses 3,488. Miscellaneous: program service expenses 2,587. Management and general expenses 334. Fundraising expenses 55. Total expenses 2,976. Models: program service expenses 2,971. Management and general expenses 0. Fundraising expenses 0. Total expenses 2,971.”

“No changes from prior year.”