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.”

“Repairs & maintenance: program service expenses 91,346. Management and general expenses 2,960. Fundraising expenses 1,052. Total expenses 95,358. Work study: program service expenses 54,113. Management and general expenses 31,505. Fundraising expenses 237. Total expenses 85,855. Contract payments: program service expenses 78,398. Management and general expenses 5,795. Fundraising expenses 192. Total expenses 84,385. Bad debt: program service expenses 0. Management and general expenses 66,006. Fundraising expenses 0. Total expenses 66,006. Publications: program service expenses 45,244. Management and general expenses 0. Fundraising expenses 3,166. Total expenses 48,410. Communications: program service expenses 41,932. Management and general expenses 1,145. Fundraising expenses 1,106. Total expenses 44,183. Dues & subscriptions: program service expenses 9,474. Management and general expenses 33,220. Fundraising expenses 943. Total expenses 43,637. Copy expense: program service expenses 37,529. Management and general expenses 3,360. Fundraising expenses 2,085. Total expenses 42,974. Program events: program service expenses 38,588. Management and general expenses 2,309. Fundraising expenses 120. Total expenses 41,017. Ra housing: program service expenses 36,913. Management and general expenses 0. Fundraising expenses 0. Total expenses 36,913. Bank fees: program service expenses 5,308. Management and general expenses 30,049. Fundraising expenses 0. Total expenses 35,357. Postage: program service expenses 3,916. Management and general expenses 15,727. Fundraising expenses 1,997. Total expenses 21,640. Graduation: program service expenses 11,864. Management and general expenses 1,196. Fundraising expenses 0. Total expenses 13,060. Library: program service expenses 10,225. Management and general expenses 0. Fundraising expenses 0. Total expenses 10,225. Training: program service expenses 6,756. Management and general expenses 1,512. Fundraising expenses 1,929. Total expenses 10,197. Accreditation: program service expenses 9,343. Management and general expenses 0. Fundraising expenses 0. Total expenses 9,343. Miscellaneous: program service expenses 2,919. Management and general expenses 42. Fundraising expenses 175. Total expenses 3,136. Models: program service expenses 2,533. Management and general expenses 0. Fundraising expenses 0. Total expenses 2,533.”

“No changes from prior year.”