2022-05-10T18:47:54-05:00 2021-06-30 990 2020-07-01 860105586 THUNDERBIRD SCHOOL OF GLOBAL MANAGEMENT THUN 6029787142 401 N 1ST ST MC-2121 PHOENIX AZ 85004 JOANNE WAMSLEY VP & ASST TREASURER 6029787142 2022-05-10 JOANNE WAMSLEY 999009999 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z X JOANNE WAMSLEY 401 N 1ST ST MC-2121 PHOENIX AZ 85004 25132461 0 X WWW.THUNDERBIRD.ASU.EDU X 1946 AZ TO EDUCATE GLOBAL LEADERS WHO CREATE SUSTAINABLE PROSPERITY WORLDWIDE. 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GENERAL BARTON KYLE YOUNT OBTAINED THE AIRFIELD WITH THE EXPRESS PURPOSE OF DEVELOPING A SCHOOL FOCUSED EXCLUSIVELY ON INTERNATIONAL TRADE AND GLOBAL RELATIONS. AS AIFT, THUNDERBIRD BECAME THE FIRST-EVER HIGHER-EDUCATION INSTITUTION TO FOCUS EXCLUSIVELY ON INTERNATIONAL MANAGEMENT BY CONCENTRATING CURRICULUM ON CROSS-CULTURAL COMMUNICATION, REGIONAL BUSINESS STUDIES, AND HANDS-ON, REAL-WORLD TRAINING IN GLOBAL BUSINESS NUANCES. BY 1955, THERE WERE TWO DEGREES OFFERED: A BACHELOR OF FOREIGN TRADE AND A MASTER OF FOREIGN TRADE. OVER THE YEARS, THE BACHELOR'S PROGRAM WAS DISCONTINUED AND THE MASTER'S PROGRAM MORPHED INTO A MASTER OF INTERNATIONAL MANAGEMENT (MIM). IN 2001, THE MIM WAS ADAPTED INTO AN MBA IN GLOBAL MANAGEMENT TO RESPOND TO THE GROWING DEMAND FOR GRADUATES WITH A BUSINESS ADMINISTRATION FOCUS. DURING THOSE SAME YEARS, THUNDERBIRD EXPANDED ITS DEGREE PROGRAM OFFERINGS TO INCLUDE AN ONLINE MBA, AN EXECUTIVE MBA, AND EARLY-CAREER MASTER'S DEGREES LIKE THE MASTER OF ARTS IN GLOBAL AFFAIRS & MANAGEMENT. THE SCHOOL CONSISTENTLY RANKED #1 FOR INTERNATIONAL BUSINESS FOR MANY YEARS, SETTING THE STANDARD FOR GLOBAL MANAGEMENT EDUCATION WORLDWIDE. AT THE SAME TIME, THUNDERBIRD EXECUTIVE EDUCATION OFFERED OPEN PROGRAMS FOR INDIVIDUALS SEEKING CAREER DEVELOPMENT OPPORTUNITIES AND CUSTOM PROGRAMS FOR GLOBAL ORGANIZATIONS LOOKING FOR INDIVIDUALIZED DEVELOPMENT SOLUTIONS FOR THEIR UNIQUE CHALLENGES. RANKED AMONG THE WORLD'S BEST EXECUTIVE EDUCATION PROGRAMS, THUNDERBIRD'S EDUCATIONAL OFFERINGS EXPANDED OVER THE YEARS TO INCLUDE A ROBUST SELECTION OF ONLINE EXECUTIVE CERTIFICATE PROGRAMS, INTERNATIONAL CONSORTIA PROGRAMS, EXECUTIVE COACHING, AND MORE. IN DECEMBER OF 2014, THUNDERBIRD ENTERED INTO AN AGREEMENT WITH ARIZONA STATE UNIVERSITY (ASU) TO INTEGRATE THUNDERBIRD INTO THE GREATER ASU KNOWLEDGE ENTERPRISE IN ORDER TO CREATE MORE IN DEPTH AND BROADER REACHING EDUCATION TO STUDENTS AND EXECUTIVES INTERNATIONALLY. AS PART OF THIS AGREEMENT, ALL US EMPLOYEES AND DEGREE SEEKING STUDENTS OF THUNDERBIRD BECAME EMPLOYEES AND STUDENTS OF ASU. THUNDERBIRD'S EXECUTIVE EDUCATION PROGRAM, CERTAIN INTERNATIONAL PROGRAMS, AND MOST THUNDERBIRD ASSETS REMAINED WITH THUNDERBIRD. THE PROGRAMS AND SERVICES THAT REMAIN WITH THUNDERBIRD CONTINUE TO FURTHER THUNDERBIRD'S CHARITABLE AND EDUCATIONAL PURPOSES, INCLUDING BY SUPPORTING ASU. BEGINNING IN FISCAL YEAR 2015, AND IN ORDER TO MORE ACCURATELY REFLECT THE CURRENT CHARITABLE AND EDUCATIONAL ACTIVITIES OF THUNDERBIRD, THUNDERBIRD BELIEVES IT NOW IS APPROPRIATE TO REPORT AS A PUBLICLY SUPPORTED PUBLIC CHARITY UNDER SECTION 509(A)(2) OF THE CODE. IN CONJUNCTION WITH THIS DECISION AND TRANSITION, THUNDERBIRD IS ENGAGING IN INTERNAL EFFORTS TO IDENTIFY AND DEVELOP NEW SOURCES OF PUBLIC SUPPORT RELATIVE TO THUNDERBIRD'S CURRENT PROGRAMS AND SERVICES. AS A SCHOOL DESCRIBED IN SECTION 170(B)(1)(A)(II) OF THE CODE, THUNDERBIRD WAS NOT REQUIRED TO CONSIDER WHICH OF ITS REVENUES REPORTED ON LINES 1, 2, OR 3 OF PART III OF SCHEDULE A WERE RECEIVED FROM DISQUALIFIED PERSONS AND DOES NOT HAVE RECORDS SUFFICIENT TO MAKE THIS DETERMINATION. ACCORDINGLY, IN ORDER TO COMPLETE PART III OF SCHEDULE A, THUNDERBIRD HAS ASSUMED, FOR PURPOSES OF CALCULATING ITS PUBLIC SUPPORT PERCENTAGE, THAT ALL GIFTS, GRANTS, CONTRIBUTIONS, AND MEMBERSHIP FEES REPORTED ON LINE 1 WERE RECEIVED FROM DISQUALIFIED PERSONS, EXCEPT TO THE EXTENT THAT THUNDERBIRD'S RECORDS CLEARLY INDICATE AMOUNTS OF SUPPORT RECEIVED FROM GOVERNMENTAL UNITS OR ORGANIZATIONS DESCRIBED IN SECTION 509(A)(1) OF THE CODE. BEGINNING IN TAX YEAR 2014 ALL AMOUNTS ARE TRACKED AND REPORTED THEREFORE, BEGINNING IN FY19 AN ACCURATE REFLECTION OF DISQUALFIED DONORS IS INCLUDED ON THE SCHEDULE. FOR FY19 THERE WERE NO DISQUALIFED DONORS. IN 2018 THUNDERBIRD WAS APPROACHED BY ARIZONA CHRISTIAN UNIVERSITY (ACU) ABOUT EXCHANGING THE THUNDERBIRD GLENDALE CAMPUS WITH ACU'S NORTH PHOENIX CAMPUS. THIS EXCHANGE MET THE NEEDS OF THUNDERBIRD IN THEIR FUTURE STRATEGIC AND PROGRAMMATIC PLANS PROJECTIONS AND THIS EXCHANGE WAS FINALIZED NOVEMBER 2018. THIS RESULTED IN A CAPITAL ASSET WRITE OFF OF JUST OVER $9 MILLION DOLLARS. AS THIS CAPITAL ASSET WRITE OFF WAS DUE TO THE EXCHANGE OF CAPITAL ASSETS, IT IS NOT REQUIRED TO BE COUNTED IN THE CALCUATION OF PUBLIC SUPPORT. IN 2019 THE ACU CAMPUS WAS SOLD TO AN UNRELATED THIRD PARTY WHICH RESULTED IN A CAPITAL GAIN OF JUST OVER $4 MILLION DOLLARS. AS THE GAIN WAS RELATED TO THE SALE OF CAPITAL ASSETS, THE GAIN IS NOT REQUIRED TO BE COUNTED IN THE CALCUATION OF PUBLIC SUPPORT. ALSO, IN 2019 THUNDERBIRD WAS THE RECIPIENT OF A $4 MILLION DOLLAR BEQUEST FROM AN ALUM, THIS CONTRIBUTION MEETS THE DEFINITION OF AN UNUSUAL GRANT UNDER 1.509(A)-3(C)(3) AND HAS BEEN EXCLUDED FROM THE PUBLIC SUPPORT TEST. IN 2021, THUNDERBIRD SOLD VACANT LAND TO AN UNRELATED PARTY WHICH RESULTED IN GAIN OF JUST UNDER $21 MILLION DOLLARS. THE PROCEEDS OF THE SALE WERE TRANSFERRED TO ARIZONA STATE UNIVERSITY TO HELP FUND CAPITAL PROJECTS TO BENEFIT THUNDERBIRD STUDENTS AND PROGRAMS AT ASU. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 74389 74389 0 0 OTHER ASSETS 179357 DUE TO/FROM SUBSIDIARIES 931605 1110962 NORTH AMERICA - CANADA AND MEXICO, BUT NOT THE UNITED STATES 0 1 PROGRAM SERVICES EXECUTIVE EDUCATION 136000 SOUTH AMERICA - ARGENTINA, BOLIVIA, BRAZIL, CHILE, COLUMBIA, ECUADOR, 0 8 PROGRAM SERVICES EXECUTIVE EDUCATION 235700 EAST ASIA AND THE PACIFIC - AUSTRALIA, BRUNEI, BURMA, CAMBODIA, 0 3 PROGRAM SERVICES EXECUTIVE EDUCATION 234366 0 12 0 0 0 12 606066 0 606066 0 0 1 0 1 1 PART III ACCOUNTING METHOD: 0 ASU FOUNDATION PO BOX 2260 TEMPE AZ 85280 866051042 501(C)(3) 54149 TO PROVIDE SUPPORT FOR THUNDERBIRD SCHOOL OF GLOBAL MANAGEMENT AT ASU ARIZONA STATE UNIVERSITY PO BOX 875812 TEMPE AZ 85287 860196696 115 34753416 TO PROVIDE SUPPORT FOR THUNDERBIRD SCHOOL OF GLOBAL MANAGEMENT AT ASU 2 0 0 0 0 0 0 0 0 0 MICHAEL CROW CHAIRMAN OF THE BOARD 0 741719 0 0 0 352809 0 155740 0 5232 0 1255500 0 0 JOSE CARDENAS SECRETARY 0 466832 0 0 0 76971 0 17100 0 6168 0 567071 0 0 MORGAN OLSEN VICE PRESIDENT & TREASURER 0 542667 0 0 0 104700 0 17100 0 13710 0 678177 0 0 JIM O'BRIEN TRUSTEE 0 411381 0 0 0 85848 0 17100 0 5233 0 519562 0 0 SETHURAMAN PANCHANATHAN TRUSTEE 0 316790 0 0 0 288400 0 17100 0 3006 0 625296 0 0 RICHARD H STANLEY VICE PRESIDENT 0 384483 0 0 0 63100 0 17100 0 5187 0 469870 0 0 MARK SEARLE VICE PRESIDENT 0 505917 0 0 0 102450 0 0 0 2407 0 610774 0 0 JOANNE WAMSLEY VICE PRESIDENT & ASSISTANT 0 284708 0 0 0 0 0 0 0 2074 0 286782 0 0 FORM 990, SCHEDULE J, PART I, LINE 3 THE OFFICERS AND DIRECTORS LISTED ON THIS SCHEDULE J ARE COMPENSATED BY ARIZONA STATE UNIVERSITY. THEIR COMPENSATION IS DETERMINED BY THE UNIVERSITY IN ADHERANCE WITH POLICIES OF THE UNIVERSITY AND APPLICABLE UNIVERSITY GOVERNANCE. 0 0 0 0 1 0 0 0 0 SALE OF VILLAGES AT THUNDERBIRD TO THE VILLAGE AT THUNDERBIRD APARTMENTS OWNER, LP 2021-02-01 6320160 SALES PRICE THE VILLAGE AT THUNDERBIRD APARTMENTS OWNER LLP 8434 N 90TH STREET SUITE 100 SCOTTSDALE AZ 85258 DOMESTIC LP SALE OF VILLAGE AT THUNDERBIRD TO WOODSIDE HOMES SALES AZ, LLC 2021-01-15 16786500 SALES PRICE WOODSIDE HOMES SALES AZ LLC 1811 S ALMA SCHOOL RD STE 1 MESA AZ 85210 DOMESTIC LLC 0 0 0 0 FORM 990, PART VI, SECTION A, LINE 3 MANAGEMENT OF KEY FUNCTIONS HAS BEEN DELEGATED BY THE OFFICERS OF THE BOARD TO SELECTED ASU EMPLOYEES. FORM 990, PART VI, SECTION A, LINE 7A ON DECEMBER 30, 2015, ARIZONA STATE UNIVERSITY (ASU), A GOVERNMENTAL UNIT OF THE STATE OF ARIZONA, WAS GRANTED THE RIGHT TO APPOINT THE MEMBERS OF THE THUNDERBIRD SCHOOL OF GLOBAL MANAGEMENT BOARD AS PART OF A LARGER INTEGRATION OF THUNDERBIRD INTO THE ASU KNOWLEDGE ENTERPRISE. FORM 990, PART VI, SECTION A, LINE 8B THERE ARE NO COMMITTEES WITH AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 WAS REVIEWED BY THE VICE PRESIDENT AND ASSISTANT TREASURER AND AFTER THE INITIAL REVIEW, A DRAFT COPY OF THE TAX RETURN WILL BE SENT TO THE BOARD OF DIRECTORS PRIOR TO FILING THE RETURN. FORM 990, PART VI, SECTION B, LINE 12C ON AN ANNUAL BASIS, THE SCHOOL DISTRIBUTES A CONFLICT OF INTEREST ACKNOWLEDGMENT TO EACH OFFICER, TRUSTEE, AND KEY EMPLOYEE OF THE SCHOOL. THE ACKNOWLEDGMENT DESCRIBES THE SCHOOL'S CONFLICT OF INTEREST POLICY AND PROVIDES AN OPPORTUNITY FOR THE PERSON TO DISCLOSE ANY INTEREST THAT COULD GIVE RISE TO A CONFLICT OF INTEREST. EACH PERSON IS REQUIRED TO RETURN THE ACKNOWLEDGMENT SIGNED, TO AFFIRM THAT THEY HAVE RECEIVED, READ AND UNDERSTOOD, AND AGREED TO COMPLY WITH THE POLICY. IN ADDITION TO THE SIGNED ACKNOWLEDGMENT, THE SCHOOL CONSISTENTLY REVIEWS ALL FINANCIAL TRANSACTIONS TO IDENTIFY AND RESOLVE POTENTIAL CONFLICTS. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND IRS FORM 990 ARE AVAILABLE UPON REQUEST. FORM 990, PART VI, SECTION B, LINE 13 THUNDERBIRD SCHOOL OF GLOBAL MANAGEMENT HAS NO EMPLOYEES, THEREFORE, DOES NOT HAVE A WHISTLEBLOWER POLICY. ARIZONA STATE UNIVERSITY HAS A WRITTEN WHISTLEBLOWER POLICY AND PROCESSES AND PROCEDURES FOR MANAGING. 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