2021-05-12T14:46:06-05:00 2020-06-30 521392008 GELMAN ROSENBERG & FREEDMAN 4550 MONTGOMERY AVE SUITE 800N BETHESDA MD 208142930 990 2019-07-01 237110060 THE AMERICAN UNIVERSITY OF ROME AMER 8775921287 1860 19TH STREET NW NO 400 WASHINGTON DC 20009 SCOTT SPRENGER PRESIDENT 8775921287 2021-05-12 1 RICHARD J LOCASTRO CPA P00288314 3019519090 2019 2022-09-23 18:48:47Z SCOTT SPRENGER 1860 19TH STREET NW NO 400 WASHINGTON DC 20009 12261431 0 X WWW.AUR.EDU X 1970 DC SEE PART III, LINE 1. 24 24 15 29 0 0 603278 556687 13070444 11680553 5324 2579 36 -24336 13679082 12215483 1089947 1312763 0 0 5564493 5174507 17508 0 241520 6999827 5683484 13671775 12170754 7307 44729 5625256 4543454 2598545 1878219 3026711 2665235 X THE AMERICAN UNIVERSITY OF ROME IS A DEGREE-GRANTING AMERICAN UNIVERSITY. IT CONDUCTS AN AMERICAN UNIVERSITY LEVEL ACADEMIC PROGRAM IN ITS FACILITIES IN ROME (ITALY), AND COLLABORATES WITH COLLEGES AND UNIVERSITIES IN THE US AND ITALY TO ORGANIZE SPECIAL PROGRAMS, CONFERENCES, SEMINARS AND OTHER HIGHER EDUCATION PROGRAMS IN ROME. 0 0 8634788 1312763 11680553 GENERAL: TO ESTABLISH, OPERATE, MAINTAIN AND MAKE KNOWN AN AMERICAN COLLEGE AND UNIVERSITY IN THE CITY OF ROME, ITALY. 8634788 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 1 1 1 1 1 0 1 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 105 0 1 15 1 0 1 IT 0 0 0 1 1 0 0 0 0 0 0 X 24 24 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 MD MA NY X SCOTT SPRENGER 8775921287 AUR VIA PIETRO ROSELLI ROME IT GABRIEL G BATTISTA CHAIR (UNTIL 1/20) 10.00 X X 0 0 0 NEIL BOYDEN TANNER ACTING CHAIR (FROM 1/20) 10.00 X X 0 0 0 ANDREW A PALMIERI VICE- CHAIR 7.00 X X 0 0 0 GREGORY VARALLO SECRETARY 7.00 X X 0 0 0 ESTHER BARAZZONE TRUSTEE 4.00 X 0 0 0 STEPHEN A BRIGANTI TRUSTEE 4.00 X 0 0 0 ELIZABETH DIBBLE TRUSTEE 4.00 X 0 0 0 FAITH 'CARRIE' COOLIDGE TRUSTEE 4.00 X 0 0 0 MARK DAMATO TRUSTEE 4.00 X 0 0 0 THOMAS DUESTERBERG TRUSTEE 4.00 X 0 0 0 ANTONIO GIORDANO TRUSTEE 4.00 X 0 0 0 JOSEPH GULINO TRUSTEE 4.00 X 0 0 0 LINDA KELLEY KURFESS TRUSTEE 4.00 X 0 0 0 STEPHEN LAVINE TRUSTEE 4.00 X 0 0 0 GIOVANNI LINARI TRUSTEE 4.00 X 0 0 0 JOSEPH LONARDO TRUSTEE (UNTIL 9/19) 4.00 X 0 0 0 ANTHONY J MANGANIELLO TRUSTEE 4.00 X 0 0 0 THOMAS MCCARTHY TRUSTEE 4.00 X 0 0 0 ALFREDO J MOLINA TRUSTEE 4.00 X 0 0 0 FRANK PLACENTI TRUSTEE 4.00 X 0 0 0 BETH PFANNL TRUSTEE 4.00 X 0 0 0 JONATHAN POLLACK TRUSTEE 4.00 X 0 0 0 MATTHEW RIPSOM TRUSTEE 4.00 X 0 0 0 ED SCHWARZ TRUSTEE 4.00 X 0 0 0 LARRY SONSINI TRUSTEE 4.00 X 0 0 0 DEBRA TORNABEN TRUSTEE 4.00 X 0 0 0 RICHARD HODGES PRESIDENT 40.00 X 334137 0 7976 334137 0 7976 1 0 1 0 0 38813 517874 12291 556687 TUITION 900099 9243165 9243165 HOUSING 900099 2266707 2266707 FIELD TRIP/OTHER REIMB. 900009 170681 170681 11680553 2579 2579 15285 38813 45948 -30663 -30663 MISCELLANEOUS 900099 6327 6327 6327 12215483 11680553 0 -21757 57575 57575 1255188 1255188 218277 17654 148128 52495 3922582 2880948 887087 154547 198150 138705 49538 9907 16696 11687 4174 835 818802 399575 419227 30466 30466 38964 24119 14845 265702 152779 112923 375221 375221 349245 135508 213737 369478 212450 157028 2910002 2677202 232800 59698 13731 45967 167401 49048 118353 469699 270077 199622 79569 79569 TAXES 190957 109800 81157 SECURITY 60351 34702 25649 FIELD TRIPS 60162 60162 DUES AND SUBSCRIPTIONS 49486 28454 21032 207083 105424 77923 23736 12170754 8634788 3294446 241520 13741 11673 3064940 3349439 505368 494193 642948 134763 4155366 3709603 689244 445763 562834 62322 28178 83859 79445 5625256 4543454 1253229 1131717 726240 78290 619076 668212 2598545 1878219 X 2650723 2435342 375988 229893 3026711 2665235 5625256 4543454 X 44729 -406205 X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1246406 1173851 72555 1702962 1516619 186343 1205998 1019133 186865 445763 SEVERANCE PAYABLE 668212 668212 11062382 159662 159662 10902720 1312763 1312763 12215483 11017653 159662 159662 10857991 1312763 1312763 12170754 PART XI, LINE 2D - OTHER ADJUSTMENTS: EXCHANGE LOSS SHOWN AS REVENUE ON THE FINANCIAL STATEMENTS 113,714. AND INCLUDED AS EXPENSE ON THE FORM 990. SPECIAL EVENT EXPENSES SHOWN AS EXPENSES ON THE FINANCIAL 45,948. STATEMENTS AND NETTED AGAINST REVENUE ON THE FORM 990. PART XI, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIP NETTED AGAINST REVENUE ON THE FINANCIAL 1,312,763. STATEMENTS AND REPORTED AS AN EXPENSE ON THE FORM 990. PART XII, LINE 2D - OTHER ADJUSTMENTS: EXCHANGE LOSS SHOWN AS REVENUE ON THE FINANCIAL STATEMENTS 113,714. AND INCLUDED AS EXPENSE ON THE FORM 990. SPECIAL EVENT EXPENSES SHOWN AS EXPENSES ON THE FINANCIAL 45,948. STATEMENTS AND NETTED AGAINST REVENUE ON THE FORM 990. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIP NETTED AGAINST REVENUE ON THE FINANCIAL 1,312,763. STATEMENTS AND REPORTED AS AN EXPENSE ON THE FORM 990. 1 1 1 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 SCHEDULE E, PART I, LINE 3 EQUAL OPPORTUNITY DISCLOSURE INCLUDED ON THE WEBSITE AT THE MAIN PAGE, IN THE CATALOG, AND VIEWBOOK. SCHEDULE E, PART I, LINE 4 THE UNIVERSITY KEEPS INFORMATION BY NATIONALITY ONLY. IN ITALY IT IS NOT REQUIRED TO KEEP RACIAL INFORMATION, UNLESS THERE IS A SPECIFIC REASON. WE HAVE NO SPECIFIC REASONS TO REQUIRE ETHNIC INFORMATION, WHICH IS CONSIDERED SENSITIVE IN ITALY. WE DO HOWEVER HAVE SPECIFIC POLICIES ON NON-DISCRIMINATION. THESE ARE CONTAINED IN ALL OUR HANDBOOKS (STAFF, FACULTY AND STUDENT) AND ON OUR WEB SITE. 1 EUROPE 1 150 GRANTS TO RECIPIENTS LOCATED IN THE REGION 809326 MIDDLE EAST & NORTH AFRICA 0 0 GRANTS TO RECIPIENTS LOCATED IN THE REGION 78467 EAST ASIA AND THE PACIFIC 0 0 GRANTS TO RECIPIENTS LOCATED IN THE REGION 232839 NORTH AMERICA 0 0 GRANTS TO RECIPIENTS LOCATED IN THE REGION 11443 SOUTH AMERICA 0 0 GRANTS TO RECIPIENTS LOCATED IN THE REGION 16125 RUSSIA AND NEIGHBORING STATES 0 0 GRANTS TO RECIPIENTS LOCATED IN THE REGION 37508 SOUTH ASIA 0 0 GRANTS TO RECIPIENTS LOCATED IN THE REGION 10217 SUB-SAHARAN AFRICA 0 0 GRANTS TO RECIPIENTS LOCATED IN THE REGION 59263 1 150 0 0 1 150 1255188 0 1255188 EUROPE SCHOLARSHIPS & DISCOUNT 44400 WIRE MIDDLE EAST AND NORTH AFRICA SCHOLARSHIPS & DISCOUNT 11590 WIRE 0 2 STUDENT SCHOLARSHIP AND WORK ASSISTANCE EUROPE 56 541954 FULL OR PARTIAL OFFSET OF TUITION FEE OR CASH TO STUDENT STUDENT SCHOLARSHIP AND WORK ASSISTANCE SUB-SAHARAN AFRICA 4 53967 FULL OR PARTIAL OFFSET OF TUITION FEE OR CASH TO STUDENT STUDENT SCHOLARSHIP AND WORK ASSISTANCE EAST ASIA AND THE PACIFIC 7 224279 FULL OR PARTIAL OFFSET OF TUITION FEE OR CASH TO STUDENT STUDENT SCHOLARSHIP AND WORK ASSISTANCE NORTH AMERICA 1 9157 FULL OR PARTIAL OFFSET OF TUITION FEE OR CASH TO STUDENT STUDENT SCHOLARSHIP AND WORK ASSISTANCE MIDDLE EAST & NORTH AFRICA 3 50492 FULL OR PARTIAL OFFSET OF TUITION FEE OR CASH TO STUDENT STUDENT SCHOLARSHIP AND WORK ASSISTANCE RUSSIA AND NEIGHBORING STATES 2 23516 FULL OR PARTIAL OFFSET OF TUITION FEE OR CASH TO STUDENT STUDENT SCHOLARSHIP AND WORK ASSISTANCE SOUTH ASIA 1 5795 FULL OR PARTIAL OFFSET OF TUITION FEE OR CASH TO STUDENT 0 0 0 0 0 1 PART I, LINE 2: THE AMERICAN UNIVERSITY OF ROME MAINTAINS AN ACADEMIC SCHOLARSHIP GRANT PROGRAM FOR QUALIFIED STUDENTS. GRANTS ARE AWARDED PURSUANT TO ESTABLISHED POLICIES AND PROCEDURES AND MONITORED BY THE AUR FINANCIAL AID OFFICE. AUR IS AUTHORIZED BY THE UNITED STATES DEPARTMENT OF EDUCATION TO PARTICIPATE IN TITLE IV STUDENT FINANCIAL ASSISTANCE PROGRAM, IS IN COMPLIANCE WITH US TITLE IV REQUIREMENTS, AND ACCORDINGLY IS SUBMITTED TO AUDIT ON AN ANNUAL BASIS. PART III ACCOUNTING METHOD: 50TH ANNIVERSARY GALA 54098 38813 15285 39417 6531 54098 38813 15285 39417 6531 45948 -30663 1 UNIVERSITY OF MARYLAND 1101 HOLZAPFEL HALL COLLEGE PARK MD 20742 522197313 501(C)(3) 15453 SCHOLARSHIPS/STUDY ABROAD PROGRAM LIM COLLEGE 216 E 45TH STREET NEW YORK NY 10017 125579528 501(C)(3) 37817 SCHOLARSHIPS/STUDY ABROAD PROGRAM 2 0 PART I, LINE 2: GRANTS ARE SCHOLARSHIPS GIVEN TO UNIVERSITY AND COLLEGES FOR STUDENTS ATTENDING STUDY ABROAD PROGRAMS HELD AT THE AMERICAN UNIVERSITY OF ROME IN ROME, ITALY. THE SCHOLARSHIPS ARE DETERMINED BY SCHOLAR MERIT AND/OR FINANCIAL NEED. X 1 1 X X X 0 0 0 0 0 0 0 0 0 RICHARD HODGES PRESIDENT 334137 0 0 0 0 0 0 0 7976 0 342113 0 0 0 PART I, LINE 1A AS PART OF THE EMPLOYMENT AGREEMENT, THE PRESIDENT HAS HIS/HER HOUSING PAID FOR BY AUR. PART I, LINE 1B THE PAYMENTS DESCRIBED ABOVE ARE PAID DIRECTLY BY AUR AND ARE INCLUDED IN THE EMPLOYMENT CONTRACT. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 WAS PREPARED BY TAX CONSULTANTS IN COOPERATION WITH THE DIRECTOR OF FINANCE. THE FORM WAS REVIEWED BY THE LEGAL COMMITTEE OF THE BOARD OF TRUSTEES. IT WAS THEN SUBMITTED FOR APPROVAL TO THE PRESIDENT, WHO IS ALSO THE LEGAL REPRESENTATIVE. A COPY OF THE FINAL 990 WAS PROVIDED TO ALL TRUSTEES BEFORE FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C THE AMERICAN UNIVERSITY OF ROME IS COMMITTED TO AVOIDING ANY ACTUAL OR POTENTIAL CONFLICTS BETWEEN THE INTERESTS OF THE UNIVERSITY AND ANY PERSONAL INTEREST A MEMBER OF THE BOARD OF TRUSTEES OR AN OFFICER OF THE UNIVERSITY MAY HAVE. ALL TRUSTEES AND OFFICERS ANNUALLY DISCLOSE ACTUAL AND POTENTIAL CONFLICTS OF INTEREST BY COMPLETING A CONFLICT OF INTEREST DISCLOSURE STATEMENT AND THESE DISCLOSURES ARE PROMPTLY UPDATED AS NEW INFORMATION BECOMES AVAILABLE THAT AFFECTS THE TRUSTEE'S OR OFFICER'S STATED INTERESTS. NO TRANSACTION OR ACTION UNDERTAKEN BY THE UNIVERSITY MAY BE VOID OR VOIDABLE, OR MAY BE CHALLENGED AS SUCH BY AN OUTSIDE PARTY, BY REASON OF HAVING BEEN UNDERTAKEN IN VIOLATION OF THE POLICY OR THE PRINCIPLES SET FORTH WITHIN THE POLICY. IF A CONFLICT OF INTEREST WERE TO ARISE AN ABSTENTION OR RECUSAL MAY BE NECESSARY. FORM 990, PART VI, SECTION B, LINE 15 THE UNIVERSITY SALARY POLICY ENVISAGES A COMPENSATION COMMITTEE TO DETERMINE COMPENSATION FOR KEY EMPLOYEES OF THE ORGANIZATION. DR. HODGES' COMPENSATION WAS SET BY A COMMITTEE COMPRISED SOLELY OF INDEPENDENT TRUSTEES BASED ON INFORMATION REASONABLY AVAILABLE TO THE BOARD AND ITS INDEPENDENT COMPENSATION CONSULTANT REGARDING SIMILARLY-SIZED US INSTITUTIONS. IN ADDITION TO THE AFOREMENTIONED COMPARABILITY DATA, THE INDEPENDENT COMMITTEE ALSO CONSIDERED VARIOUS OTHER DATA, INCLUDING (I) THE PRIOR COMPENSATION VALUES PAID TO HIS PREDECESSOR; (II) THE ECONOMIC CONDITION OF THE UNIVERSITY; AND (III) THE ORIGINAL RECOMMENDATION OF KORN FERRY INTERNATIONAL, WHICH WAS THE SEARCH CONSULTANT ENGAGED BY THE BOARD TO ASSIST IN RECRUITMENT OF A NEW PRESIDENT. THE COMPENSATION PROCESSED WAS DOCUMENTED AND THE LAST REVIEW WAS IN APRIL 2021. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: CURRENCY TRANSLATION RATE DIFFERENCE -406,205.