2019-02-15T09:41:21-07:00 2018-05-31 990 2017-06-01 231352620 ARCADIA UNIVERSITY ARCA 2155722900 450 S Easton Road Glenside PA 19038 Eric Nelson VP Finance and Administration 2155722943 2019-02-15 74.113.110.1 2017 2019-02-21 02:37:17Z Eric R Nelson 450 S Easton Road Glenside PA 19038 179995000 0 X www.arcadia.edu X 1853 PA Arcadia University provides a distinctively global, integrative, and personal learning experience for intellectually curious undergraduate and graduate students in preparation for a life of scholarship, service, and professional contribution. 22 21 1012 1281 13000 0 3650000 3207000 171007000 170111000 5849000 4196000 1137000 962000 181643000 178476000 50632000 51019000 0 0 57671000 56674000 0 0 1015000 66085000 63963000 174388000 171656000 7255000 6820000 251587000 259541000 113395000 113653000 138192000 145888000 Building upon its legacy of distinction in global education, Arcadia University will be a vibrant and supportive community of diverse scholars and learners; renowned for its high-quality faculty, staff, and students; acclaimed for its student-centered focus; and valued for making a difference in the lives of its graduates. 0 0 102492000 46206000 116130000 The University offers a wide array of liberal arts and professional programs. It offers high quality, undergraduate degree programs in more than 30 fields of study, as well as graduate degrees and certificates of advanced study. The University provides financial assistance in the form of grants and scholarships to 99% of full-time undergraduate students. Arcadia also provides academic support through the Gateway to Success program, which includes ACT101 services for PA residents who qualify, and provides personal attention and resources throughout the academic year to help them succeed. 36211000 644000 39929000 Arcadia is distinct in that all of our students, undergraduate and graduate alike, engage in integrative, real-world learning opportunities such as internships, evidenced-based research, service learning, interdisciplinary study, problem-based learning and co-curricular learning experiences that expand beyond the traditional classroom. The University has adopted a "Global Connections" undergraduate curriculum that ensures immersion with global issues through study abroad or a domestic global experience. Graduate programs also include either curricular or co-curricular requirements and/or opportunities for our students. The University is one of the largest study abroad providers in the nation, sending over 2,500 students from over 350 home institutions to more than 130 programs in twelve countries. Programs are located in Australia, Chile, Cuba, Ireland, Greece, Italy, New Zealand, South Africa, Spain, and the United Kingdom. 10202000 4169000 14052000 We believe that living in close proximity to people from different backgrounds is a critically important way for students to learn important life skills, and we treat residential life as an important opportunity for learning. Our desire is to ensure that students' living arrangements support and enhance their educational work and goals. While our primary goal is to provide safe living environments conducive to study and academic success, we encourage and support the development of the following core competencies in our students: diversity and inclusion; global perspectives; civic engagement; citizenship; self-advocacy; problem-solving; respect for others; and the development of identity, purpose, and integrity. Within the residence halls and apartments, an engaged team of professional and paraprofessional staff use the physical structure of the living environment as a tool to maximize learning moments and challenge students to develop and apply these competencies. 0 0 0 148905000 1 1 0 0 0 0 0 1 0 1 1 0 0 0 1 1 1 0 1 1 1 0 1 0 1 0 0 0 1 1 1 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 1 538 0 1 1012 1 1 1 1 AS EI GR IT NZ SF SP TU UK 0 0 0 1 1 0 0 0 0 X 22 21 1 0 1 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CA MA ME NJ NY PA TX X X Eric R Nelson - VP Finance 2155722943 450 S Easton Road Glenside PA 190383295 Ajay Nair President - 4/1/18 40 X X 0 0 0 George H Brown President - Interim 7/1/17-12/31/17 40 X X 91904 0 7031 Nicolette Deville Christensen President - Prior 1/1/17-6/30/17 40 X X 260682 0 73141 Alison Aaron Madsen Chair 7 X X 0 0 0 Allison Rossett Trustee 1 X 0 0 0 Babette Senker Krug Trustee 1 X 0 0 0 Charles W Lentz Trustee 1 X 0 0 0 Christa Lane Hooper Trustee 1 X 0 0 0 Christopher R van de Velde Trustee 1 X 0 0 0 Susan Saxer Trustee 5 X 0 0 0 Ilene Silver Berman Trustee 1 X 0 0 0 J Wesley Hardin Trustee 3 X 0 0 0 Jacqueline L Cannon Trustee 1 X 0 0 0 Jean S Hassler Trustee 1 X 0 0 0 Joycellen Young Auritt Trustee 1 X 0 0 0 Kenneth C Weirman Vice Chair 5 X X 0 0 0 Lois E Haber Trustee 1 X 0 0 0 Lyanne Wassermann Trustee 1 X 0 0 0 Marc Walsh McKenna Trustee 1 X 0 0 0 Margaret Keenan Trustee 1 X 0 0 0 Robert E Putney III Trustee 1 X 0 0 0 Thomas McCollum Trustee 1 X 0 0 0 Thora T Easton Trustee 1 X 0 0 0 Clair Raubenstine Trustee 1 X 0 0 0 Lorna Stern Vice President of The College of Global Studies 40 X 216869 0 39853 John R Hoffman Provost and Vice President of Academic Affairs 40 X 215316 0 34030 Mary McRae Vice President of University Advancement 40 X 209705 0 33912 Mark Lapreziosa Vice President of Enrollment Management 40 X 198450 0 40238 Eric R Nelson Vice President for Finance & Treasurer 40 X 200514 0 38974 Colleen M Burke Chief Operating Officer for TCGS 40 X 180824 0 58722 Thomas Brinker Professor/Executive Director, Domestic MBA 40 X 189344 0 67682 Michael J Korolishin General Counsel 40 X 185205 0 36571 Philip W McClure Professor/Chair for Physical Therapy 40 X 161493 0 33771 Rebecca Craik Dean, College of Health Sciences 40 X 166011 0 26515 Thomas J Macchi Associate VP of Facility and Capital Planning 40 X 161272 0 34218 2437589 0 524658 50 0 1 0 Parkhurst Dining Services PO Box 644091 Pittsburgh PA 152644901 Dining Services 3000368 Delran Builders Company Inc 7909 Flourtown Avenue Wyndmoor PA 19038 Construction 1297968 Ellucian Company LP 4 Country View Road Malvern PA 19355 Computer Services 876593 The Arthur Jackson Company 7025 West Chester Pike Upper Darby PA 19082 Facilities Management 592456 East Brandywine Mechanical Inc 114 Governors Circle Downingtown PA 19335 Electrical contractor 393507 21 0 0 38000 0 1173000 1996000 312000 3207000 Tuition & Fees 611310 116130000 116130000 0 0 Room & Board 611310 14052000 14052000 0 0 International Programs 611310 39929000 39929000 0 0 0 0 0 0 170111000 2067000 0 8000 2059000 0 0 0 0 0 0 0 0 523000 0 152000 0 371000 0 371000 0 0 371000 2948000 527000 1223000 123000 1725000 404000 2129000 0 0 2129000 16000 38000 21000 -5000 0 -5000 Food/Vend/Bookstore Commissions 611310 145000 0 0 145000 Comm, Fees, & Indirect Grant Rev 611310 446000 0 0 446000 Fingerprinting 611310 5000 0 5000 0 0 0 0 0 596000 178476000 170111000 13000 5145000 X 0 0 47437000 47437000 3582000 3582000 0 0 1852000 994000 609000 249000 0 0 0 0 43107000 33104000 9702000 301000 2044000 1892000 97000 55000 6252000 3640000 2569000 43000 3419000 3111000 205000 103000 0 0 0 0 94000 0 94000 0 135000 0 135000 0 0 0 0 0 0 0 310000 0 310000 0 12887000 8617000 4148000 122000 33000 30000 3000 0 228000 207000 14000 7000 2463000 1440000 1023000 0 0 0 0 0 5551000 4416000 1135000 0 2855000 2119000 679000 57000 0 0 0 0 119000 108000 7000 4000 4149000 3737000 412000 0 0 0 0 0 5864000 5088000 776000 0 785000 785000 0 0 International Programs Tuition 15890000 15890000 0 0 International Programs Housing 7709000 7709000 0 0 Supplies-Other 2995000 2700000 238000 57000 Minor Equipment 548000 400000 148000 0 1348000 1899000 -568000 17000 171656000 148905000 21736000 1015000 28000 29000 39851000 48026000 248000 269000 2440000 4089000 0 0 0 0 4273000 1618000 101000 60000 3254000 2774000 231686000 103859000 129940000 127827000 57829000 62306000 8814000 9458000 0 0 260000 260000 4549000 2825000 251587000 259541000 11127000 13260000 0 0 14593000 14999000 82035000 80065000 0 0 0 0 0 0 0 0 5640000 5329000 113395000 113653000 X 109491000 107769000 9182000 18108000 19519000 20011000 138192000 145888000 251587000 259541000 X 6820000 1204000 0 0 0 -328000 X 0 1 X 1 1 1 X 4014000 3651000 3667000 3650000 3207000 18189000 0 0 0 0 0 0 0 0 0 0 0 0 4014000 3651000 3667000 3650000 3207000 18189000 0 18189000 3142000 3906000 3978000 3914000 2590000 17530000 0 0 0 0 0 0 79000 934000 727000 711000 596000 3047000 38766000 845583000 0.46920 0.48655 X Schedule A, Part II, Line 10 2013 -- Commissions; 2014 -- Commissions (146,000) and Indirect Revenue from Grants, PNC Commissions and Fees (788,000); 2015 -- Commissions (176,000) and Indirect Revenue from Grants, PNC Commissions and Fees (562,000); 2016 -- Commissions (165,000) and Indirect Revenue from Grants, PNC Commissions and Fees (546,000); 2017 -- Commissions (145,000) and Indirect Revenue from Grants, PNC Commissions and Fees (446,000) 0 0 X X 0 69496000 820000 3818000 932000 1100000 310000 71792000 64189000 1113000 7133000 672000 1979000 288000 69496000 67727000 950000 -1497000 689000 2044000 258000 64189000 68878000 736000 1002000 651000 1969000 269000 67727000 59226000 2092000 10248000 545000 1840000 303000 68878000 0.52 0.28 0.2 1 0 0 2784000 2784000 0 166185000 55971000 110214000 0 0 0 0 0 46587000 38273000 8314000 0 16130000 9615000 6515000 127827000 0 Capital Lease Obligation 366000 Annuities Payable 366000 Accrued Post-Retirement Obligation 3470000 Asset Retirement Obligation 460000 Refundable Loan Funds 667000 5329000 X 128196000 1204000 0 0 -51657000 -50453000 178649000 0 -173000 -173000 178476000 120500000 0 0 0 173000 173000 120327000 0 51329000 51329000 171656000 Schedule D, Part III, Line 1 The University art collection consists of various pieces of art displayed throughout the campus and archived for future exhibition. Schedule D, Part III, Line 4 The University art collection consists of various pieces of art displayed throughout the campus which are used to enhance student appreciation of fine art and archived for future exhibition. Schedule D, Part V, Line 4 The University's endowment funds are used to provide a source of operating funds as well as long-term financial stability. Schedule D, Part X, Line 2 The University follows the Financial Accounting Standards Board ("FASB") guidance that requires a tax position to be recognized or derecognized based on a "more likely than not" threshold. This applies to positions taken or expected to be taken in a tax return. The University does not believe its financial statements include any uncertain tax positions. The University's policy is to recognize interest related to unrecognized tax benefits in interest expense and penalties in operating expenses. No interest or penalties were recognized in 2018 and 2017. The University's federal tax exempt business income tax returns for 2017, 2016 and 2015 remain subject to examination by the Internal Revenue Service. Schedule D, Part XI, Line 2d Financial Aid Assistance (-51,019,000), Investment Expense (-310,000); Change in benefit obligation (-328,000) Schedule D, Part XI, Line 4b Rental Expense (-152,000); Fundraising Expense (-21,000) Schedule D, Part XII, Line 2d Rental Expense (152,000); Fundraising Expense (21,000) Schedule D, Part XII, Line 4b Financial Aid Assistance (51,019,000); Investment Expenses (310,000) 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 Schedule E, Part I, Line 3 We include a notice of our policies on all of our publications, advertisements and internet website. Schedule E, Part I, Line 6 Arcadia University participates in Federal Title IV aid programs, including the federal Campus-Based Aid Programs. As such, we receive, on an annual basis, allocations to make federal work study awards and SEOG Grants to students. Additionally, our educational programs are recognized as eligible programs by the state of Pennsylvania. As such, we award PHEAA State Grants to our eligible students from PHEAA (Pennsylvania Higher Education Assistance Agency), and also receive Federal Work Study matching funds from PHEAA. Additionally, on an annual basis, PHEAA provides a matching grant known as the IAG Grant for each eligible state grant student we award PHEAA funds to as well. 1 Central America and the Caribbean 1 1 Program Services Study Abroad Education 200000 Europe (including Iceland and Greenland) 6 42 Program Services Study Abroad Education 22796000 South America 1 1 Program Services Study Abroad Education 150000 East Asia and the Pacific 2 12 Program Services Study Abroad Education 8044000 Sub-Saharan Africa 1 3 Program Services Study Abroad Education 814000 11 59 32004000 Scholarship/Grant East Asia and the Pacific 59 815000 Credit placed on student account Cost Scholarship/Grant Europe (including Iceland and Greenland) 171 2601000 Credit placed on student account Cost Scholarship/Grant South America 7 79000 Credit placed on student account Cost Scholarship/Grant Sub-Saharan Africa 6 80000 Credit placed on student account Cost Scholarship/Grant Middle East and North Africa 1 7000 Credit placed on student account Cost 0 0 0 0 0 0 Schedule F, Part I, Line 2 All grants and scholarships awarded to students are credited directly to the student's billing account and no funds actually leave the United States. Arcadia Golf Outing 54000 38000 16000 0 0 19000 0 0 2000 0 0 54000 38000 16000 0 0 19000 0 0 2000 21000 -5000 1 Student Work Programs (Federally Subsidized) 1381 740000 0 Student Work Programs (Institutional) 141 653000 0 Institutional Scholarships & Grants 2622 45756000 0 Schedule I, Part I, Line 2 Arcadia University awards both need-based and merit-based financial aid to students in good academic standing. The University maintains records to quantify the dollar amount of the financial assistance awarded, the number of recipients per grant/scholarship, and the selection criteria. All grants and scholarships awarded to students are credited directly to the student's billing account. X 1 1 X X X 0 0 0 0 0 0 0 0 0 Nicolette Deville Christensen President - Prior 229526 0 0 0 2281 0 43008 0 59008 0 333823 0 0 0 Lorna Stern Vice President of The College of Global Studies 216179 0 0 0 690 0 18000 0 21853 0 256722 0 0 0 John R Hoffman Provost and Vice President of Academic Affairs 213928 0 0 0 1388 0 4000 0 30030 0 249346 0 0 0 Mary McRae Vice President of University Advancement 207677 0 0 0 2028 0 8490 0 25422 0 243617 0 0 0 Mark Lapreziosa Vice President of Enrollment Management 197160 0 0 0 1290 0 16320 0 23918 0 238688 0 0 0 Eric R Nelson Vice President for Finance & Treasurer 199868 0 0 0 646 0 16000 0 22974 0 239488 0 0 0 Colleen M Burke Chief Operating Officer for TCGS 180824 0 0 0 0 0 15132 0 43590 0 239546 0 0 0 Thomas Brinker Professor/Executive Director, Domestic MBA 188699 0 0 0 645 0 8129 0 59553 0 257026 0 0 0 Michael J Korolishin General Counsel 183172 0 0 0 2033 0 15000 0 21571 0 221776 0 0 0 Philip W McClure Professor/Chair for Physical Therapy 160580 0 0 0 913 0 11602 0 22169 0 195264 0 0 0 Rebecca Craik Dean, College of Health Sciences 164304 0 0 0 1707 0 9676 0 16839 0 192526 0 0 0 Thomas J Macchi Associate VP of Facility and Capital Planning 160312 0 0 0 960 0 12534 0 21684 0 195490 0 0 0 Schedule J, Part I, Line 1a The President of the University is required, as a condition of employment, to live in a house owned by the University. This house is also used to host University-related functions. This benefit was not included in taxable compensation as it qualifies for exclusion under Internal Revenue Code Section 119(d) due to being required as a condition of employment, for the convenience of the employer, and being on the University campus. A Montgomery County Higher Education & Health Authority 232447147 613603SL4 2010-05-11 23037906 Funding of capital projects 0 0 0 B Montgomery County Higher Education & Health Authority 232447147 613603SZ3 2013-12-05 19721786 Funding of Capital Projects and refunding of 2001 bonds 0 0 0 C Montgomery County Higher Education & Health Authority 232447147 613603UZ0 2015-06-25 34806870 Advance refunding of Series 2006 bonds 0 0 0 D Montgomery County Higher Education & Health Authority 232447147 613603VM8 2016-01-05 10589701 Current refunding of Second Series 2006 bonds 0 0 0 A 0 0 23069754 2015520 2254941 0 308305 0 0 20765471 0 0 2013 0 0 1 1 B 2090000 0 19713525 0 490805 0 290130 0 0 14737326 4700000 63519 2018 1 0 0 1 C 4550000 0 35077874 0 0 0 444720 0 0 0 34362149 0 2016 0 1 1 1 D 280000 0 10612909 0 0 0 211071 0 0 0 10378630 0 2016 1 0 1 1 A 0 0 0 0 0 0 0 0 0 1 B 0 0 0 0 0 0 0 0 0 1 C 0 0 0 0 0 0 0 0 0 1 D 0 0 0 0 0 0 0 0 0 1 A 0 0 0 1 0 0 0 0 1 B 0 1 0 0 0 0 0 0 1 C 0 1 0 0 0 0 0 0 1 D 0 1 0 0 0 0 0 0 1 A 1 B 1 C 1 D 1 Schedule K, Part II, Line 3-05/11/2010 23,037,906 Montgomery County For each of the bonds listed above, the total bond proceeds include investment income. Schedule K, Part IV, Line 2c-05/11/2010 23,037,906 Montgomery County For all of the bonds listed above, the bond rebate is not due yet because it is after the first 5 year rebate calc and before the second rebate calc is due. Employees Employees 69908 Employee tuition discount Employee benefit X 19 312000 NYSE 0 0 1 0 Schedule M, Part I, Line 9 The number in column B represents the total number of contributions received. Form 990, Part VI, Section A, Line 2 Two Trustees have a business relationship. Form 990, Part VI, Section A, Line 4 The policies for Conflict of Interest and Whistle-blowers were reviewed and updated in 2018. Form 990, Part VI, Section B, Line 11b An internal review of the completed 990 is performed before it is provided to our independent tax accountants for review. Once that process is completed, the Audit Committee of the Board of Trustees reviews and accepts the 990. The 990 is made available to the Board of Trustees via our internal web portal for review before filing. They may access it in a special section set aside for the Board. Form 990, Part VI, Section B, Line 12c The Trustees and Executive Senior Managers of the University are required to complete Conflict of Interest statements. The Chair of the Audit Committee of the Board of Trustees (Board) ensures that the statements are completed on an annual basis. If any conflicts arise, the Audit Committee of the Board may either make a determination, or, if the Audit Committee believes it is appropriate, may refer the matter to the full Board for a vote to determine if a conflict exists. If a determination is made that no conflict exists, the interested trustee may participate fully in any discussions and vote on the proposed transaction or arrangement that is the subject of the conflict. If a determination is made that a conflict of interest exists, the interested trustee shall be required to leave any meeting prior to discussion of, or vote on, the transaction or arrangement. Form 990, Part VI, Section B, Line 15 The Executive Committee of the Board of Trustees oversees compensation of the President. All discussion about compensation are documented in the Board minutes. The University uses comparability data from peer institutions collected by the College and University Professional Association for Human Resources (CUPA HR), as well as conducts a review of internal equity among executives, in determining the compensation of all other officers and key employees. This data is used to ensure all salaries are within "fair market range" for the industry. Form 990, Part VI, Section C, Line 19 The University's governing documents, conflict of interest policy and financial statements are available to the public upon request. Form 990, Part IX, Line 11g This amount represents all other service expenses that do not fall into the listed categories. Form 990, Part XI, Line 9 Change in benefit obligation -- -328,000