2024-05-15T15:54:56-05:00 2023-06-30 135565207 KPMG LLP 550 SOUTH HOPE STREET SUITE 1500 LOS ANGELES CA 90071 990 2022-07-01 852480775 THE UNIVERSITY OF ARIZONA GLOBAL CAMPUS UNIV 8007980584 180 SOUTH ARIZONA AVENUE 301 CHANDLER AZ 85225 LISA KEMP SENIOR VP & CFO 8007980584 2024-05-15 1 LISA KEMP 999009999 0 DAVID M HIGHFILL P01517891 2139724000 2024-05-15 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z PAUL PASTOREK 180 SOUTH ARIZONA AVENUE 301 CHANDLER AZ 85225 399426612 0 X WWW.UAGC.EDU X 2020 AZ TO PROVIDE A COMMUNITY OF CARING AND GUIDANCE FOR ACADEMIC, FINANCIAL (SEE SCHEDULE O FOR MORE). MENTAL HEALTH, AND CAREER SUPPORT WHILE PROVIDING A PATH THAT MAKES QUALITY COLLEGE EDUCATION ACCESSIBLE TO ADULT LEARNERS THROUGH ONLINE, FLEXIBLE DEGREE AND CERTIFICATE PROGRAMS. X 3 0 3346 0 0 0 0 0 459993879 398769075 0 657537 0 0 459993879 399426612 169561128 152359979 0 0 65157493 132508384 0 0 0 230419257 133850414 465137878 418718777 -5143999 -19292165 112552008 0 47741138 0 64810870 0 X TO PROVIDE A COMMUNITY OF CARING AND GUIDANCE FOR ACADEMIC, FINANCIAL, MENTAL HEALTH, AND CAREER SUPPORT WHILE PROVIDING A PATH THAT MAKES QUALITY COLLEGE EDUCATION ACCESSIBLE TO ADULT LEARNERS THROUGH ONLINE, FLEXIBLE DEGREE AND CERTIFICATE PROGRAMS. 0 1 349119130 152359979 398769075 INSTRUCTIONAL PROGRAM SERVICES - INSTRUCTIONAL PROGRAM SERVICES INCLUDE ALL ACTIVITIES DIRECTLY TIED TO THE EDUCATION SERVICES PROVIDED BY THE UNIVERSITY. THE UNIVERSITY OF ARIZONA GLOBAL CAMPUS OWNED AND OPERATED A FULLY-ONLINE ACCREDITED UNIVERSITY (THE UNIVERSITY) UNTIL JUNE 30, 2023. ON THAT DATE, THE ORGANIZATION TRANSFERRED ALL OF ITS ASSETS AND OPERATIONS TO THE UNIVERSITY OF ARIZONA. DURING FY23, THE UNIVERSITY HAD STUDENTS ENROLLED IN UNDERGRADUATE, GRADUATE AND DOCTORAL LEVEL PROGRAMS. THE UNIVERSITY OF ARIZONA GLOBAL CAMPUS PROVIDED GRANTS, AND OTHER FINANCIAL ASSISTANCE TO ELIGIBLE STUDENTS. DURING FY23, THE UNIVERSITY AWARDED MORE THAN $152M TO OVER 50,000 STUDENTS. 349119130 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 1 176 0 3346 1 0 0 0 0 0 0 0 0 0 0 0 0 X 3 0 0 0 1 0 0 1 0 1 1 0 0 1 1 1 1 1 1 1 0 0 X NICOLE KOJI 8667111700 180 SOUTH ARIZONA AVENUE SUITE 301 CHANDLER AZ 85225 NIVINE MEGAHED CHAIR, TRUSTEE (THRU 6/29/23) 1.00 0.00 X X 0 0 0 LEHMAN BENSON TRUSTEE (THRU 6/29/23) 1.00 0.00 X 0 0 0 GAIL BURD TRUSTEE (THRU 6/29/23) 1.00 0.00 X 0 0 0 MARC L MILLER TRUSTEE (THRU 6/29/23) 1.00 0.00 X 0 0 0 GARY PACKARD TRUSTEE (THRU 6/29/23) 1.00 0.00 X 0 0 0 KERRI BRIGGS TRUSTEE (THRU 6/29/23) 1.00 0.00 X 0 0 0 SEAN O'KEEFE TRUSTEE (THRU 6/29/23) 1.00 0.00 X 0 0 0 TY SMITH TRUSTEE (THRU 6/29/23) 1.00 0.00 X 0 0 0 OMAR VASQUEZ TRUSTEE (THRU 6/29/23) 1.00 0.00 X 0 0 0 JON DUDAS CHAIR, TRUSTEE (BEG 6/30/23) 1.00 0.00 X X 0 436802 45529 LAURA TODD JOHNSON SECRETARY, TRUSTEE (BEG 6/30/23) 1.00 0.00 X 0 437164 61624 LISA RULNEY TREASURER, TRUSTEE (BEG 6/30/23) 1.00 0.00 X X 0 480562 59923 PAUL PASTOREK PRESIDENT & CEO 40.00 0.00 X 592330 0 8700 LISA KEMP SVP, CFO 40.00 0.00 X 246968 0 6460 SARAH STEINBERG PROVOST (THRU 6/2023) 40.00 0.00 X 309596 0 0 KATIE SCHEIE COO 40.00 0.00 X 273338 0 28060 IRIS LAFFERTY SR VICE PROVOST (THRU 2/2023) 40.00 0.00 X 227709 0 38685 TOMMY SCREEN SVP, CHIEF LEGAL OFFICER 40.00 0.00 X 236165 0 42288 NICOLE KOJI VP, CONTROLLER 40.00 0.00 X 221251 0 23365 MONIQUE COOK VP, HR (TERM 4/2023) 40.00 0.00 X 231039 0 35295 THOMAS BOURGEOIS CIO 40.00 0.00 X 210151 0 32762 ALINA TRAISTARU VP, FINANCE (THRU 9/2023) 40.00 0.00 X 204774 0 26594 COURTNEY FARRELL DEAN, ARTS & SCIENCE 40.00 0.00 X 185011 0 7410 STEPHEN NETTLES VP, INSTITUTIONAL EFFECTIV 40.00 0.00 X 182911 0 31789 JAMES SMITH CFO (THRU 2/2022) 40.00 0.00 X 155987 0 5500 3277230 1354528 453984 95 1 1 0 FORBES MEDIA LLC 499 WASHINGTON BLVD JERSEY CITY NJ 07310 LICENSING FEE 2500000 HOGAN MARREN BABBO & ROSE LTD 3400 W 111TH ST CHICAGO IL 60655 LEGAL SERVICES 1639430 RISE INTERACTIVE MEDIA & ANALYTIC LLC ONE SOUTH WACKER DRIVE CHICAGO IL 60606 ADVERTISING 1068419 EDDY ACQUISITIONS LLC 111 RIVER STREET 10TH FLOOR HOBOKEN NJ 07030 INSTRUCTIONAL SUPPLIES 985226 KPMG LLP PO BOX 120922 DALLAS TX 753120922 AUDIT SERVICES 436396 23 TUITION AND FEES 611600 398769075 398769075 398769075 657537 657537 399426612 398769075 0 657537 X 152359979 152359979 4083303 778542 3304761 104628448 88269790 16358658 14619178 11790947 2828231 9177455 7783241 1394214 1712612 1712612 837828 837828 382646 382646 58277701 53145680 5132021 4824493 311405 4513088 2037868 2037868 660908 372049 288859 22168424 22168424 1527069 1527069 LICENSE FEES 15084134 5757266 9326868 BAD DEBT EXPENSE 11139652 11139652 PARTICIPATION FEE 4373279 4373279 COLLECTION AGENCY FEE 714090 714090 10109710 8572730 1536980 418718777 349119130 69599647 0 38788073 0 30644985 0 1725740 0 0 0 372394 0 21671206 0 19349610 0 112552008 0 3931744 0 43537258 0 272136 0 47741138 0 X 64810870 0 64810870 0 112552008 0 X -19292165 -45518705 X 0 1 X 1 1 1 X 0 X 246409096 0 246409096 153017516 153017516 399426612 265701261 0 265701261 153017516 153017516 418718777 PART X, LINE 2: THE UNIVERSITY IS A NOT-FOR-PROFIT ORGANIZATION EXEMPT FROM FEDERAL INCOME TAXATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND IS NOT A PRIVATE FOUNDATION WITHIN THE MEANING OF 509(A). PART XI, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS 152,359,979. INTEREST RECLASS 657,537. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS 152,359,979. INTEREST RECLASS 657,537. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 THE UNIVERSITY PUBLICIZES ITS RACIALLY NONDISCRIMINATORY POLICY TO THE COMMUNITY IT SERVES BY POSTING THE POLICY TO ITS WEBSITE. LINE 6 - EXPLANATION OF GOVERNMENT FINANCIAL AID: DURING THE TAX YEAR, AND CONSISTENT WITH PAST PRACTICE, THE UNIVERSITY WAS AWARDED GRANTS FROM GOVERNMENT AGENCIES, SUCH AS THE DEPARTMENT OF EDUCATION TO PROVIDE FINANCIAL AID TO STUDENTS. 1 SCHOLARSHIPS 50476 152359979 PART I, LINE 2: THE UNIVERSITY CONSISTENTLY STRIVED TO PLACE AN OUTSTANDING HIGHER EDUCATION WITHIN THE FINANCIAL REACH OF ALL QUALIFIED APPLICANTS. THE UNIVERSITY PROVIDED INSTITUTIONAL SCHOLARSHIPS TO STUDENTS BASED ON PRE-DETERMINED CRITERIA. PRE-DETERMINED CRITERIA INCLUDES BUT IS NOT IS LIMITED TO: ALUMNI STATUS, FIRST-YEAR STUDENTS, EMPLOYEES OF COMPANIES THAT HAVE PARTNERED WITH THE UNIVERSITY, AND CURRENT AND FORMER MEMBERS OF THE MILITARY, AMONG OTHERS. APPLICANTS WERE REVIEWED IN CONJUNCTION WITH THE UNIVERSITY'S PRE-DETERMINED CRITERIA, AND THE UNIVERSITY MAINTAINED ROBUST RECORD-KEEPING OF EACH APPLICANT. X 1 1 X X 1 0 0 0 0 0 0 0 0 PAUL PASTOREK PRESIDENT & CEO 592330 0 0 0 0 0 8700 0 0 0 601030 0 0 0 LISA RULNEY TREASURER, TRUSTEE (BEG 6/30/23) 0 480562 0 0 0 0 0 37167 0 22756 0 540485 0 0 LAURA TODD JOHNSON SECRETARY, TRUSTEE (BEG 6/30/23) 0 437164 0 0 0 0 0 37052 0 24572 0 498788 0 0 JON DUDAS CHAIR, TRUSTEE (BEG 6/30/23) 0 436802 0 0 0 0 0 21350 0 24179 0 482331 0 0 SARAH STEINBERG PROVOST (THRU 6/2023) 309596 0 0 0 0 0 0 0 0 0 309596 0 0 0 KATIE SCHEIE COO 273338 0 0 0 0 0 3222 0 24838 0 301398 0 0 0 TOMMY SCREEN SVP, CHIEF LEGAL OFFICER 236165 0 0 0 0 0 7699 0 34589 0 278453 0 0 0 IRIS LAFFERTY SR VICE PROVOST (THRU 2/2023) 227709 0 0 0 0 0 5854 0 32831 0 266394 0 0 0 MONIQUE COOK VP, HR (TERM 4/2023) 231039 0 0 0 0 0 0 0 35295 0 266334 0 0 0 LISA KEMP SVP, CFO 246968 0 0 0 0 0 6460 0 0 0 253428 0 0 0 NICOLE KOJI VP, CONTROLLER 221251 0 0 0 0 0 6811 0 16554 0 244616 0 0 0 THOMAS BOURGEOIS CIO 210151 0 0 0 0 0 6897 0 25865 0 242913 0 0 0 ALINA TRAISTARU VP, FINANCE (THRU 9/2023) 204774 0 0 0 0 0 6695 0 19899 0 231368 0 0 0 STEPHEN NETTLES VP, INSTITUTIONAL EFFECTIV 182911 0 0 0 0 0 0 0 31789 0 214700 0 0 0 COURTNEY FARRELL DEAN, ARTS & SCIENCE 185011 0 0 0 0 0 5772 0 1638 0 192421 0 0 0 JAMES SMITH CFO (THRU 2/2022) 25987 0 0 0 130000 0 810 0 4690 0 161487 0 0 0 PART I, LINE 1A ONE EMPLOYEE AND ONE BOARD MEMBER RECEIVED FIRST-CLASS TRAVEL FOR MEDICAL PURPOSES. IN ACCORDANCE WITH THE UNIVERSITY'S POLICY, THESE EXCEPTIONS WERE APPROVED BY THE PRESIDENT IN ADVANCE. AMOUNTS WERE NOT TREATED AS TAXABLE COMPENSATION AS THEY WERE FOR REASONABLE BUSINESS PURPOSES. PART I, LINE 4A THE FOLLOWING INDIVIDUAL RECEIVED SEVERANCE DURING 2022: JAMES SMITH $130,000 THE AMOUNT IS REFLECTED IN COL B (III) NET ASSETS 2023-06-30 97759591 FMV 742652689 THE UNIVERSITY OF ARIZONA 888 N EUCLID AVE ROOM 502 TUCSON AZ 85721 GOVT 0 1 0 0 PART II, LINE 2E: PERSON(S) INVOLVED: PAUL PASTOREK, INDEPENDENT CONTRACTORKATIE SCHEIE, EMPLOYEETOMMY SCREEN, INDEPENDENT CONTRACTORLISA KEMP, EMPLOYEENICOLE KOJI, EMPLOYEETHOMAS BOURGEOIS, INDEPENDENT CONTRACTORALINA TRAISTARU, EMPLOYEECOURTNEY FARRELL, EMPLOYEE FORM 990, PART III, LINE 3 SIGNIFICANT CHANGES EFFECTIVE JUNE 30, 2023, THE ACTIVITIES OF THE ORGANIZATION ARE CONDUCTED BY THE UNIVERSITY OF ARIZONA, THE SUCCESSOR ORGANIZATION. ACCORDINGLY, THE ORGANIZATION NO LONGER INTENDS ON OPERATING PROGRAM SERVICES. FORM 990, PART VI, SECTION A, LINE 4 EFFECTIVE JUNE 30, 2023, AND THROUGH THE AFFIRMATIVE VOTE OF AT LEAST TWO THIRDS OF THE DIRECTORS, THE ASSETS OF THE ORGANIZATION WERE TRANSFERRED TO THE UNIVERSITY OF ARIZONA (UA) VIA AN ACQUISITION AGREEMENT BETWEEN THE ORGANIZATION AND THE ARIZONA BOARD OF REGENTS. FOLLOWING THE ACQUISITION, THE BYLAWS OF THE ORGANIZATION WERE AMENDED TO REDUCE THE NUMBER OF VOTING INDIVIDUALS OF THE BOARD FROM NINE TO THREE, AND THE ORGANIZATION NO LONGER HAS A CORPORATE MEMBER. FORM 990, PART VI, SECTION A, LINE 7A PURSUANT TO THE AMENDED BYLAWS, THE PRESIDENT OF THE UNIVERSITY OF ARIZONA HAS THE POWER TO APPOINT AND REMOVE MEMBERS OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY AN INDEPENDENT ACCOUNTING FIRM USING INFORMATION PROVIDED BY THE ORGANIZATION. THE FORM 990 IS THEN REVIEWED BY THE ORGANIZATION'S MANAGEMENT, AND A FINAL DRAFT IS SHARED WITH THE ENTIRE BOARD OF DIRECTORS PRIOR TO FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION'S BOARD MEMBERS, OFFICERS, EXECUTIVES, AND KEY EMPLOYEES (COVERED PERSONS) COMPLETE ANNUALLY A CONFLICT OF INTEREST STATEMENT THE PURPOSE OF WHICH IS TO IDENTIFY ANY PERSONAL, FAMILY AND/OR BUSINESS RELATIONSHIPS AND/OR TRANSACTIONS THAT MAY POSE A POTENTIAL CONFLICT. IN INSTANCES WHEN CONFLICTS ARISE, THE MEMBERS WOULD BE PROHIBITED FROM OR INFLUENCING VOTING. FORM 990, PART VI, SECTION B, LINE 15A THE UNIVERSITY, WORKING THROUGH AN INDEPENDENT COMPENSATION COMMITTEE, HAD A PROCESS FOR REVIEWING AND ENDORSING COMPENSATION PACKAGES FOR THE UNIVERSITY'S TOP MANAGEMENT OFFICIAL, THE PRESIDENT. THE BOARD-APPOINTED COMPENSATION COMMITTEE USED APPROPRIATE COMPENSATION COMPARABILITY DATA, AND CONTEMPORANEOUSLY DOCUMENTS ITS DECISIONS. THE LAST REVIEW WAS PERFORMED ON JANUARY 2022. FORM 990, PART XI, SECTION B, LINE 15B: THOUGH COMPENSATION FOR OTHER OFFICERS AND KEY EMPLOYEES ARE NOT APPROVED THROUGH AN INDEPENDENT COMPENSATION COMMITTEE, THE UNIVERSITY HAD A COMPENSATION TEAM WHICH BENCHMARKED ALL COMPENSATION TO NATIONAL MARKET RANGES. FORM 990, PART VI, SECTION C, LINE 19 AS A PRIVATE UNIVERSITY, GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE NOT REQUIRED TO BE MADE AVAILABLE TO THE PUBLIC. HOWEVER, THE UNIVERSITY MADE AVAILABLE ITS GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ON ITS WEBSITE. IN ADDITION, THE UNIVERSITY'S FORM 990, WHICH INCLUDES FINANCIAL DATA, IS MADE AVAILABLE UPON REQUEST. FORM 990, PART IX, LINE 11G MARKETING FEES: PROGRAM SERVICE EXPENSES 53,145,680. MANAGEMENT AND GENERAL EXPENSES 5,132,021. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 58,277,701. FORM 990, PART XI, LINE 9: INHERENT CONTRIBUTION FROM ACQUISITION 52,240,886. TRANSFER OF ASSETS TO UNIVERSITY OF ARIZONA 6/30/2023 -97,759,591. THE UNIVERSITY OF ARIZONA FOUNDATION 1111 NORTH CHERRY AVENUE TUCSON AZ 85721 866050388 SUPPORT AZ 501(C)(3) LINE 7 N/A 0 THE UNIVERSITY OF ARIZONA 888 N EUCLID AVE ROOM 502 TUSCON AZ 85721 742652689 EDUCATION AZ GOVT N/A 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 THE UNIVERSITY OF ARIZONA R 97759591 FMV