2022-04-05T13:24:19-05:00 2021-05-31 363990892 Capin Crouse LLP 345 Massachusetts Avenue Suite 300 Indianapolis IN 46204 990 2020-06-01 350867954 Anderson University Inc ANDE 7656414001 1100 East 5th Street Anderson IN 46012 Suahil Housholder Asst Treasurer & Controller 7656414001 2022-04-05 1 Suahil Housholder 999009999 Ted R Batson Jr P00721951 5055022746 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z Anderson University John Pistole 1100 East 5th Street Anderson IN 46012 57402767 0 X www.anderson.edu X 1917 IN To educate persons for a life of faith and service in the church and society 31 30 1188 40 0 8509 12605332 8990577 47962785 45385664 1545520 1885785 1106631 355534 63220268 56617560 17498548 17950124 0 0 24043566 20461663 0 0 996321 18837298 17521671 60379412 55933458 2840856 684102 132256277 141012159 62581384 61407097 69674893 79605062 X The mission of Anderson University is to educate for a life of faith and service in the church and society. Established and sustained within the free and open traditions of the Church of God, this university is committed to being a teaching-learning community of the highest order, engaged in the pursuit of truth from a Christian faith perspective. Through academic and Christian discovery, we intend to graduate people with a global perspective who are competent, caring, creative, generous individuals of character and potential. We will build those quality programs that will enable each member of the university to become stronger in body, mind, and spirit, to experience what it means to love God and neighbor, and to adopt Christ-like servant ways in all of life. The mission statement and supporting statements were adopted by the Board of Trustees in 2007. 0 0 44295538 17950124 37279907 Higher education: General educational activities serving 1,406 students during the 2020-21 school year. AU students benefit from a low student-to-faculty ratio of 9 to 1, as well as the expertise of 105 full-time faculty members, 71.4 percent of whom hold terminal degrees. Anderson University continues to be recognized as one of America's top colleges by US News & World Report, The Princeton Review, and Colleges of Distinction. Three of the university's programs received "badges of distinction": Business, Education, and Nursing. The University has long had a strong undergraduate liberal arts curriculum. The University offers a unique 10-month MBA graduate program with a significant co-op experience and a residential option. The University's MBA, Master's in Christian Ministry, and Master of Divinity programs are also offered through online/hybrid classes with the MBA offered face-to-face in several locations around Indianapolis. 2248887 8256373 Higher education: Auxiliary enterprise primarily involving residence halls, food services, Student Health Services, Mail Center, and bookstore activities supporting the educational program. We believe that on-campus living is an integral part of the college experience. In our residence halls, we are committed to offering not only a safe and comfortable place to live, but also an environment that promises to both challenge and support our students as they grow physically, academically, socially, and spiritually. Anderson University Food Services provides friendly service and great variety in four different locations across campus: The Marketplace, Raven's Haven, Create, and Mocha Joe's. Student Health Services provides medical assistance to students and is operated by Community Health Network. 46544425 1 1 0 1 0 0 0 1 0 1 1 0 0 0 1 0 0 1 1 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 1 0 1 1 0 0 1 1 1 1 0 0 1 1759 0 1 1188 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 31 30 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 IN X Suahil Housholder 7656414001 1100 East 5th Street Anderson IN 46012 John Pistole President 40.00 X X 194317 0 25240 Patricia Seasor Bailey Chairwoman 1.00 X X 0 0 0 Dennis Carroll Vice Chair 1.00 X X 0 0 0 John Sanders Trustee 1.00 X 0 0 0 Guy Perry Trustee 1.00 X 0 0 0 Jeffrey Jenness Trustee 1.00 X 0 0 0 Paul Strozier Trustee 1.00 X 0 0 0 Rodney Stafford Trustee 1.00 X 0 0 0 Rudolph R Pyle III Trustee 1.00 X 0 0 0 Mary E Jamerson Trustee 1.00 X 0 0 0 Steve Rennick Trustee 1.00 X 0 0 0 Mark Krenz Trustee 1.00 X 0 0 0 Terry S McCardwell Trustee 1.00 X 0 0 0 Donna A Harman Trustee 1.00 X 0 0 0 Erin Coffman Trustee 1.00 X 0 0 0 James R Cook Trustee 1.00 X 0 0 0 Lloyd Schnuck Jr Trustee 1.00 X 0 0 0 Kimberly Johnson Trustee 1.00 X 0 0 0 Erin Taylor Trustee 1.00 X 0 0 0 Beth Tharp Trustee 1.00 X 0 0 0 Deidre Franklin Trustee 1.00 X 0 0 0 John Wechsler Trustee 1.00 X 0 0 0 D Kyle De Fur Trustee 1.00 X 0 0 0 Charles Myricks Trustee 1.00 X 0 0 0 Michele Jackson Trustee 1.00 X 0 0 0 David Cox Trustee 1.00 X 0 0 0 Kevin Earley Trustee 1.00 X 0 0 0 Vernon Smith Trustee 1.00 X 0 0 0 Martin Grubbs Trustee 1.00 X 0 0 0 James Giesler Trustee 1.00 X 0 0 0 Carles R Carroll Trustee 1.00 X 0 0 0 Marie S Morris Provost and VP of Corporation 40.00 X 124155 0 23529 Brock Vaughters VP for Finance and Treasurer 40.00 X 105569 0 28156 Jennifer Hunt VP Advancement and Secretary 40.00 X 113074 0 0 Heather Kim VP for Enrollment and Marketing 40.00 X 107258 0 84 Suahil Housholder Asst Treasurer & Controller 40.00 X 64921 0 10429 Ronda Reemer Assistant Secretary 40.00 X 41672 0 1531 Ray Sylvester Assoc Professor Marketing 40.00 X 104326 0 24867 Michael Collette Dean, Falls School of Business 40.00 X 108564 0 170 963856 0 114006 7 0 1 0 Chartwells Dining Services PO Box 417632 Boston MA 02241 Food Service Management 2075218 WFF Facility Services 211 S Jefferson St Louis MO 63103 Custodial Services 713157 Oracle America Inc PO Box 203448 Dallas TX 75320 Computer Techonology 201742 Enrollmentfuel LLC 144 West Second Street Washington NC 27889 Recruiting Data 194946 Advanced Productivity Computing Inc 14690 Galazie Avenue 116 Apple Valley MN 55124 Computer Techonology 129483 8 3495161 5495416 160370 8990577 Tuition and fees 611310 37279907 37279907 Auxiliary services 611310 7705692 7705692 400065 400065 45385664 772998 772998 29810 29810 206711 326776 -120065 -120065 -120065 1511537 29871 453930 4501 1057607 25370 1082977 1082977 Finance charges 900099 324983 324983 150616 150616 475599 56617560 45536280 0 2090703 17950124 17950124 845120 736935 108185 22664 22664 14853444 12541654 1862474 449316 17851 10472 6271 1108 3666097 2655538 917832 92727 1056487 843224 173277 39986 30849 30849 92830 92830 436 436 41191 41191 471667 262083 165661 43923 409032 67182 292464 49386 542531 297885 227558 17088 1119640 277087 767377 75176 2190064 1820198 361878 7988 196025 194288 1529 208 77501 61545 14013 1943 2396925 1809546 523420 63959 2692799 1869855 812005 10939 280032 138063 141969 Auxiliary services 2248887 2218624 30263 Maintenance & repair 850373 671066 172727 6580 Dues and subscriptions 292209 171141 116295 4773 3588680 2684850 880794 23036 55933458 46544425 8392712 996321 1692378 651690 9226256 9178488 2971708 3036858 2524328 3054408 538137 828301 116444 0 96106 171714 137508583 76645728 62267068 60862855 36737250 48774631 8807034 5072102 2808706 2499157 4470862 6881955 132256277 141012159 3589488 4532396 1665916 2293786 42456342 41792459 8626676 8218003 278397 249025 5964565 4321428 62581384 61407097 X 28317202 25610396 41357691 53994666 69674893 79605062 132256277 141012159 X 684102 9340213 -94146 X 0 1 X 1 1 1 X 5628336 5046964 5864567 12605332 8990577 38135776 5628336 5046964 5864567 12605332 8990577 38135776 2244224 35891552 919541 1248166 1640663 1266678 1009519 6084567 1228 83 9401 10712 2002245 612377 1142285 1314172 475599 5546678 49777733 257920593 0.72100 0.65450 X Schedule A, Part II, Line 10, Explanation of Other Income: Finance charges - 2016 Amount: $ 272,600. 2017 Amount: $ 314,161. 2018 Amount: $ 361,405. 2019 Amount: $ 319,987. 2020 Amount: $ 324,983. Miscellaneous income - 2016 Amount: $ 1,729,645. 2017 Amount: $ 298,216. 2018 Amount: $ 780,880. 2019 Amount: $ 994,185. 2020 Amount: $ 150,616. Schedule A, Part II: The organization is a school as described under 170(b)(1)(A)(ii) and is not required to complete a public support schedule. Schedule A, Part II is completed to verify the School can qualify under public charity status section 170(b)(1)(A)(vi) and qualifies to use the first listed special rule for Schedule B reporting. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 0 0 1 436 436 0 Part II-B, Line 1: The portion of memberships dues designated as lobbying expenditures. 7629 2416647 X X X 1 35108167 541540 11143494 1483644 45309557 33676629 1243693 1584085 1396240 0 35108167 37543463 692044 -282154 1396724 2880000 33676629 35383533 1242172 2272498 1354740 37543463 32710513 551109 3488009 1366098 35383533 0.01680 0.98320 0 0 4209707 4209707 103933462 58554536 45378926 23757614 15231007 8526607 5607800 2860185 2747615 60862855 Annuities Payable 558545 Liability for Amounts Held for Others 2054377 Liability for Federal Student Loans 1490000 Life estate liability 218506 4321428 Part III, Line 4: The University's collection is made up of donations of art, books, and historical treasures. The University maintains the collection throughout the University's premises and is available for public display and access. The collection furthers the University's exempt education purpose by enhancing the University community's awareness of art, literature, and history. Part V, Line 4: The University's endowment funds are intended to fund designated University tax exempt activities, such as, the distribution of scholarships and grants to students, as well as funding operational and capital needs of the University. Form 990, Schedule D, Part V, Lines 2a-2c: In accordance with the principles of FASB ASU 2016-14 (ASC 958), the organization has implemented required changes to its audited financial statements for the period ended 5/31/2021. To date, Schedule D and its associated schedules have not been updated to reflect changes made by this standard. Thus, we have reported the revised net asset categories from the audited financial statements as follows on Form 990, Schedule D, Part V, Lines 2a-2c: Line 2a - Without donor restrictions Line 2b - With donor restrictions 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 Schedule E, Part I, Line 3 Anderson University does not discriminate on the basis of age, gender, ethnic or racial origin, physical or mental disability, marital or veteran status in administration of its education, admissions, scholarship, loan, athletic policies, other school programs, or as a condition for employment. The University includes its non-discrimination policy at various points throughout its website, including the homepage, which is the primary source of information for the public. The policy is also included on application forms and in catalogs for students. Schedule E, Part I, Line 6 The University participates in the Federal Perkins Loan program and is the recipient of various state and federal grants, including HEERF grants and funding as part of the Paycheck Protection Program under the CARES Act. 1 Scholarship/fellowship/grant 1340 17143764 HEERF grants 1091 806360 Part I, Line 2: Scholarships issued to University students are applied to the student's account. A list of scholarship, fellowship and grant assistance awarded is on file at the University. Although there may be recipients who are related to persons having interest in the University, such persons are selected on an equal and objective basis as with other recipients. All students receiving assistance are selected on the University's criteria for academic and financial need, and other similar criteria. The University does not discriminate on the basis of age, gender, ethnic or racial origin, physical or mental disability, marital or veteran status in administration of scholarships or loans. Also, note that the University provides remitted tuition to qualified faculty, staff and certain dependents as a benefit of employment. The University monitors the student accounts and eligibility. X X 1 1 X X 0 0 0 0 0 0 0 0 0 John Pistole President 192311 0 0 0 2006 0 0 0 25481 0 219798 0 0 0 Part I, Line 1a Housing Allowance: As a condition of employment, and as a convenience to the University, a campus residence is provided to the President in office. The home is provided as a nontaxable benefit to the President. Health or social club dues: Local country club membership is provided for the President's business use. Use for bona fide business purposes is not considered taxable income. A City of Anderson Indiana 356000939 000000000 2014-12-16 5189160 Purchase of residence hall 0 0 0 B City of Anderson Indiana 356000939 033887CX6 2017-09-28 39171350 Refinance 2007 & 2015 bonds 0 0 0 A 1105000 5189160 5409 103100 4674651 406000 2014 0 0 1 1 B 39265831 3345181 783427 35137223 2017 1 0 1 1 A 1 0 0 0 0.00000 0.00000 0.00000 0 0 1 B 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 A 0 0 0 1 0 0 0 0 1 B 0 1 0 0 0 0 0 0 1 A 1 B 1 Date Rebate Computation Performed Issuer Name: City of Anderson Indiana Date the Rebate Computation was Performed: 01/07/2020 Schedule K, Part II, Line 3 The amount recorded as total proceeds of issue for bond B is greater than the issue price for the bonds due to the inclusion of investment earnings. Alexander Morris Family member of Marie Morris, Officer 22664 Compensation and benefits 0 X 1 250 Selling price X 2 6379 Selling price X 2015 Cost X 5 150629 Selling price X 1 67 Cost X 1 1000 Selling price X Gift cards 1 30 Cost 0 0 1 0 Part I, Column (b): The number of contributions represent the number of contributions received, not the number of items donated. Form 990, Part VI, Section A, line 1 The Executive Committee is composed of seven trustees including the Chair and Vice Chair. The other five members are elected annually by the Board of Trustees. Other members may meet with this Committee, they do not have voting power. It is the duty of the Executive Committee to act on behalf of the Board of Trustees during the period between the Board's meetings. Form 990, Part VI, Section B, line 11b The University's Form 990 is prepared by an independent CPA firm. Prior to the 990 being filed with the IRS, the 990 is reviewed in detail by the University's Assistant Treasurer and Controller, Vice President for Finance and Treasurer, President and the Audit Committee. The University's Board of Trustees delegates the review of the Form 990 to the Audit Committee, a subcommittee of the University's Board of Trustees. Before filing the 990, the Board of Trustees receive a copy to review. Form 990, Part VI, Section B, line 12c The Controller annually monitors all existing conflicts and enforces compliance with the University's conflict of interest policy by conducting a review prior to the University's annual audit. The University's conflict of interest policy states that all employees and Board of Trustees submit a conflict of interest form each year of employment. Determination of existing conflicts is the responsibility of the Controller who will also review with the Vice President for Finance and Treasurer. Persons with conflicts do not participate in decisions and deliberations of the governing body. Form 990, Part VI, Section B, line 15 The independent Executive Committee of the Board of Trustees establishes the salary of the President upon recommendation of the subcommittee on evaluation and compensation. This process is directed through the Office of Work Life Engagement where compensation is compared to area benchmark information. Work Life then presents a recommendation to the VP for Finance and Treasurer to present to the Board of Trustees for approval annually. This process is documented in the board minutes. Form 990, Part VI, Section B, Line 15b: The salaries of other Executive officers of the University are established independently of the President, subject to the approval of the subcommittee on evaluation and compensation. This process is directed through Human Resources where compensation is compared to area benchmark information. The University's strategic plan is to reach compensation rates at 80% for staff and 77% for faculty of benchmark. HR then presents a recommendation to the President for approval annually. The President may appoint and establish the salaries of administrative officers as he/she deems appropriate. This process is documented in the HR files. Form 990, Part VI, Section C, line 19 The University's governing documents and conflict of interest policy are available on the University's public website. The University's financial statements are not made available to the public but the financial statements are available at emma.msrb.org for bondholders. Form 990, Part XI, line 9: Actuarial change in annuities and trusts 715,448. Impairment loss -809,594. Anderson University Properties LLC 1100 E 5th St Anderson IN 46012 472075850 Hold property for student housing IN 346229 7949322 Anderson University Flagship Enterprise Center 2701 Enterprise Drive Anderson IN 46013 043732583 Serve as a new business incubator & growth stage business accelerator IN 501(c)(3) 7 Anderson University 1 Flagship Enterprise Capital Inc 2705 Enterprise Drive Ste 150 Anderson IN 46013 813693405 Economic devel. by providing access to capital funding for small bus. devel. IN 501(c)(3) 7 Flagship Enterprise Center 1 HWH Business LP 216 Summerlake Circle Anderson IN 46011 352084392 Real estate IN Anderson University Excluded 7105 951682 0 0 0.90930 Andra LLC 1522 Main Street Anderson IN 46016 351923438 Real estate IN N/A Excluded -2528 0 1 0.38350 National Collegiate Trust 2003 402 West Broadway Suite 2000 San Diego CA 92101 020691754 Real estate CA N/A Excluded 602 17266 0 1 National Collegiate Trust 2004 402 West Broadway Suite 2000 San Diego CA 92101 412140815 Real estate CA N/A Excluded -13597 -112831 0 1 Charitable Remainder Unitrust (18) Trust IN Anderson University 1 Orangehaus Records Inc 1100 E 5th Street Anderson IN 46012 201675766 Provide University students with experience in music recording IN Anderson University C 1.00000 1 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 0 0 1 Flagship Enterprise Center J 154670 Book value National Collegiate Trust 2003 S 0 Part III, column (k) Percentage Ownership: Per the K-1's received from National Collegiate Trust 2003 and 2004, the partner's share of profit, loss and capital is listed as "various". Therefore, no ownership % is listed for these related partnerships on Schedule R, Part III, column (k).