2018-05-09T11:43:42-05:00 2017-06-30 061009205 BLUM SHAPIRO & COMPANY PC ONE INTERNATIONAL PLACE 16TH FLOOR BOSTON MA 02110 990 2016-07-01 061395640 RICHMOND THE AMERICAN INTERNATIONAL UNIVERSITY IN LONDON INC RICH 8605616875 C/O BLUM SHAPIRO 29 S MAIN ST WEST HARTFORD CT 06107 PROFESSOR JOHN ANNETTE PRESIDENT 8605616875 2018-05-08 1 LAURA J KENNEY P00202198 8605614000 2018-05-08 2016 2022-09-23 18:48:47Z PROFESSOR JOHN ANNETTE ORCHARD HOUSE QUEENS ROAD RICHMOND SURREY UK 33054806 0 X WWW.RICHMOND.AC.UK X 1972 DE TO BE AN INTERNATIONAL UNIVERSITY OFFERING HIGH QUALITY UNDERGRADUATE AND POSTGRADUATE EDUCATION, RESEARCH EXCELLENCE AND PUBLIC ENGAGEMENT. 19 17 4 0 0 0 2624313 1726366 32870452 31001466 3293 417 85194 326557 35583252 33054806 3329130 3416223 0 0 13252014 11266215 0 0 0 20254937 17308349 36836081 31990787 -1252829 1064019 9970797 8924341 9806680 7671273 164117 1253068 RICHMOND EDUCATES A MULTI-CULTURAL STUDENT BODY IN THE LIBERAL ARTS TRADITION AND PROVIDES ITS STUDENTS WITH THE INTELLECTUAL AND PERSONAL SKILLS THAT WILL ENABLE THEM TO INFLUENCE AND SUCCEED IN AN INCREASINGLY INTER-DEPENDENT AND EVOLVING WORLD. 0 0 26283791 3416223 31005240 THE UNIVERSITY HAS TAUGHT 1,524 (FULL TIME EQUIVALENT) STUDENTS AT THE UNDERGRADUATE AND POST GRADUATE LEVEL. THE TEACHING TOOK PLACE AT THE UNIVERSITY'S CAMPUSES IN LONDON & LEEDS (UK) AND FLORENCE & ROME (ITALY). 26283791 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 0 0 1 1 1 1 0 1 0 0 0 0 0 0 1 0 0 0 0 0 0 0 1 0 0 0 0 0 1 1 1 0 0 1 0 0 4 1 0 1 UK 0 0 0 0 0 0 0 0 X 19 17 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 DE MA X EUGENE MCCROSSAN RICHMOND UNIVERSITY 2083328212 QUEENS ROAD RICHMOND SURREY UK TW10 6JP MR MARK ALLEN TRUSTEE 1.00 X 0 0 0 PROFESSOR JOHN ANNETTE PRESIDENT OF UNIVERSITY 40.00 X X 262440 0 97830 MS AILSA BROOKES TRUSTEE 1.00 X 0 0 0 PROFESSOR WILLIAM DURDEN TRUSTEE 1.00 X 0 0 0 DR KEVIN EVERETT TRUSTEE 1.00 X 0 0 0 MR A MICHAEL HOFFMAN CHAIR OF TRUSTEES 3.00 X 0 0 0 DR CLIFFORD JOSEPH TRUSTEE 1.00 X 0 0 0 MR CHRISTOPHER LEITER TRUSTEE 1.00 X 0 0 0 MR NEIL MEADOWS TRUSTEE 1.00 X 0 0 0 MS WENDY MILLER TRUSTEE 1.00 X 0 0 0 DR ARTHUR NAYLOR TRUSTEE 1.00 X 0 0 0 PROFESSOR GILLIAN NICHOLLS TRUSTEE 1.00 X 0 0 0 DAME MARY RICHARDSON TRUSTEE 1.00 X 0 0 0 MR RICHARD RESCH TRUSTEE 1.00 X 0 0 0 MR GRAHAM ROSS RUSSELL TRUSTEE 1.00 X 0 0 0 DR NICHOLAS TATE VICE CHAIR OF TRUSTEES 1.00 X X 0 0 0 SIR CYRIL TAYLOR CHANCELLOR OF UNIVERSITY 3.00 X 0 0 0 DR PAUL TEMPLE TRUSTEE 1.00 X 0 0 0 MR PETER WILLIAMS TRUSTEE 1.00 X 0 0 0 MR SHAWN AL-MULLA TRUSTEE (UNTIL 2/17) 1.00 X 0 0 0 MR RAJIV PODAR TRUSTEE (UNTIL 2/17) 1.00 X 0 0 0 DR PHILIP DEANS PROVOST OF UNIVERSITY 40.00 X 191167 0 34828 MRS JANE CRICHTON VP HUMAN RESOURCES & ADMIN 40.00 X 133091 0 24859 MRS ALISON COLE-STUTZ VP STUDENT AFFAIRS 40.00 X 124371 0 22970 MR ADRIAN WILKINS DEAN OF BUSINESS SCHOOL 40.00 X 108414 0 20598 819483 0 201085 10 0 1 0 SODEXO PO BOX 245 310 BROADWAY SALFORD UK CATERING 964754 LEEDS BECKETT UNIVERSITY LS1 3HE LEEDS CIVIC QUARTER UK ROOM RENTAL 560389 CIGNIA UK PROPERTIES LIMITED 26 CLEVELAND GDNS LONDON STONE HOUSE UK PROPERTY RENTAL 424342 MITIE PO BOX 764 PORTSMOUTH HAMPSHIRE UK FACILITIES MANAGEMENT 417471 KM CLEANING SERVICES LTD CANTERBURY HOUSE MEDWAY CITY ESTAT ROCHESTER UK CLEANING 199729 12 1726366 1726366 TUITION, ROOM & BOARD 611310 31001466 31001466 31001466 417 417 EXCHANGE INCOME 900099 322783 322783 MISCELLANEOUS 900099 3774 3774 326557 33054806 31005240 0 323200 3416223 3416223 1266356 821808 444548 8193898 7804722 389176 863233 806195 57038 63347 462 62885 879381 789078 90303 213003 108867 104136 239021 239021 176920 176920 657403 486541 170862 848610 839341 9269 6015119 6013436 1683 166809 147097 19712 1143649 1143649 243265 219631 23634 SERVICE FEES 2451250 2451250 CATERING COSTS 2319666 2319666 TEACHING 1223041 1223041 STUDENT ACTIVITY COSTS 427089 427089 1183504 683674 499830 31990787 26283791 5706996 0 2521828 1909950 1419758 1929697 12171 11532 947540 785263 11821943 7540984 4998772 4280959 70728 6940 9970797 8924341 1913782 2297480 140890 552613 2347840 0 5404168 4821180 9806680 7671273 X 164117 1253068 164117 1253068 9970797 8924341 X 1064019 2370 22562 X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 12690845 0 0 16342 0 12674503 0.00000 0.90000 0.10000 0 1 1 9774223 6292823 3481400 1510069 710510 799559 537651 537651 0 4280959 STUDENT DEPOSITS 898065 FEES RECEIVED IN ADVANCE 2264667 UK TAX & SOCIAL SECURITY COSTS 232174 PENSION PROVISIONS 1426274 4821180 FORM 990, SCHEDULE D, PART V, LINE 4: DURING THE YEAR, SIR CYRIL TAYLOR DONATED $12,681,900 TO THE RICHMOND FOUNDATION ON THE BASIS THAT THIS WAS TO BE SEPARATED INTO TWO PARTS. $11,413,710 OF THIS WAS TO BE PLACED IN A RESTRICTED ENDOWMENT FUND AND INVESTED, WITH THE DIVIDEND INCOME TO BE PAID EACH YEAR TO RICHMOND, THE AMERICAN INTERNATIONAL UNIVERSITY IN LONDON. THE REMAINING $1,268,190 WAS TO BE DONATED DIRECTLY TO RICHMOND, THE AMERICAN INTERNATIONAL UNIVERSITY IN LONDON IN TWO INSTALLMENTS TO BE SPLIT OVER TWO YEARS. $729,209 IN THE 2017 YEAR AND $538,981 IN THE 2018 YEAR. A FURTHER $8,945 WAS CONTRIBUTED FROM VARIOUS SOURCES FOR EXPENDITURES INCURRED DURING THE YEAR. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 SCHEDULE E, PART I, LINE 3 INCLUDED IN THE UNIVERSITY CATALOG, WEBSITE, MISSION STATEMENT, EMPLOYMENT AND FACULTY HANDBOOKS. 1 EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM 4 PROGRAM SERVICES HIGHER EDUCATION 22867569 EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM 4 MANAGEMENT & GEN EXPS HIGHER EDUCATION 5706995 EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM 4 GRANTS SCHOLARSHIPS AND HOUSING GRANTS 3416223 12 0 0 0 12 0 31990787 0 31990787 SCHOLARSHIPS & HOUSING GRANTS EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIU 787 0 N/A 3416223 REDUCTION IN INVOICE 0 0 0 0 0 0 PART I, LINE 3: TUITION SCHOLARSHIPS ARE ONLY PROVIDED TO STUDENTS IF ATTENDANCE & ACADEMIC PERFORMANCE IS MAINTAINED. ACHIEVEMENT IS MONITORED BY REVIEWING GRADES, PROGRESSION, AND COMPLETION OF REGISTERED COURSES. THESE REQUIREMENTS ARE MONITORED BY THE ACADEMIC REGISTRY DEPARTMENT. GRANTS FOR ROOM AND BOARD ARE ALLOCATED ON THE BASIS OF FINANCIAL NEED. X X 1 1 X X X 0 0 0 0 0 0 0 0 0 PROFESSOR JOHN ANNETTE PRESIDENT OF UNIVERSITY 257822 0 0 0 4618 0 14374 0 83456 0 360270 0 0 0 DR PHILIP DEANS PROVOST OF UNIVERSITY 189724 0 0 0 1443 0 33202 0 1626 0 225995 0 0 0 MRS JANE CRICHTON VP HUMAN RESOURCES & ADMIN 132129 0 0 0 962 0 23233 0 1626 0 157950 0 0 0 PART I, LINE 1A JOHN ANNETTE, THE PRESIDENT OF THE UNIVERSITY, WAS PROVIDED PERSONAL USE OF THE UNIVERSITY OWNED RESIDENCE ON THE RICHMOND SITE ALONG WITH GARDENING PERSONAL SERVICES. THIS BENEFIT WAS NOT TREATED AS TAXABLE AND IS INCLUDED IN SCHEDULE J, PART II, COLUMN (D) AS NONTAXABLE BENEFITS. FORM 990, PART VII AND PART I, LINE 5 THE MANAGEMENT OF THE UNIVERSITY IS BASED IN THE U.K. AND THEREFORE DOES NOT REQUIRE FORMS W-2 OR 1099-MISC FOR THE EMPLOYEES LISTED ON FORM 990, PART VII. AMERICAN INSTITUTE FOR FOREIGN STUDY UK LTD ENTITY MORE THAN 35% OWNED BY SIR CYRIL TAYLOR 160383 PAYMENTS TO AIFS UK LTD FOR LEASE OF 15 YOUNG STREET, LONDON 0 AMERICAN INSTITUTE FOR FOREIGN STUDY UK LTD ENTITY MORE THAN 35% OWNED BY SIR CYRIL TAYLOR 219616 PAYMENT TO AIFS UK LTD TO REIMBURSE BUILDING & INSURANCE COSTS 0 AMERICAN INSTITUTE FOR FOREIGN STUDY INC ENTITY MORE THAN 35% OWNED BY SIR CYRIL TAYLOR 2451250 PAYMENTS TO AIFS FOR USE OF UNIVERSITY MAIN PREMISES 0 AMERICAN INSTITUTE FOR FOREIGN STUDY INC ENTITY MORE THAN 35% OWNED BY SIR CYRIL TAYLOR 3001147 PAYMENT BY AIFS FOR DELIVERY OF LONDON BASED STUDY ABROAD PROGRAMS 0 AMERICAN INSTITUTE FOR FOREIGN STUDY INC ENTITY MORE THAN 35% OWNED BY SIR CYRIL TAYLOR 3758285 PAYMENT BY AIFS FOR DELIVERY OF ITALIAN STUDY ABROAD PROGRAMS IN FLORENCE & ROME 0 AMERICAN INSTITUTE FOR FOREIGN STUDY INC ENTITY MORE THAN 35% OWNED BY SIR CYRIL TAYLOR 134447 PAYMENT TO AIFS FOR STUDY ABROAD CO-ORDINATOR IN LONDON & ASSOCIATED ACTIVITY COSTS 0 ACIS INC ENTITY MORE THAN 35% OWNED BY SIR CYRIL TAYLOR 167141 PAYMENT TO ACIS FOR RENTAL & SERVICES PROVIDED TO RECRUITMENT OFFICE IN BOSTON 0 FORM 990, PART VI, SECTION A, LINE 2 TRUSTEES SIR CYRUS TAYLOR AND MS. AILSA BROOKES HAVE A BUSINESS RELATIONSHIP. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED FROM THE ACCOUNTING RECORDS AS AUDITED BY RSM LLP IN THE UK AND SENT FOR INITIAL REVIEW TO THE UNIVERSITY ACCOUNTANTS, BLUM SHAPIRO IN THE US. REVISIONS ARE MADE AS NECESSARY AND THE FORM 990 WITH ALL RELEVANT SCHEDULES ATTACHED IS SENT TO THE UNIVERSITY'S AUDIT COMMITTEE, WITH A PAPER NOTING ANY ISSUES THAT REQUIRE PARTICULAR ATTENTION. THE AUDIT COMMITTEE REVIEWS THE FORM AND MAKES ANY COMMENTS THAT IT FEELS NECESSARY AND THEN REPORTS TO THE MAIN BOARD OF TRUSTEES. FORM 990, PART VI, SECTION B, LINE 12C ALL TRUSTEES ARE AWARE OF THE CONFLICTS OF INTEREST POLICY AND SIGN AN ANNUAL UPDATED COPY. THE CHAIRS OF THE TRUSTEE SUB-COMMITTEES MONITOR ANY POTENTIAL CONFLICTS AND WHERE NECESSARY REMIND MEMBERS TO DECLARE AN INTEREST, ABSTAIN FROM VOTING AND LEAVE MEETINGS WHEN NECESSARY. FORM 990, PART VI, SECTION B, LINE 15 THE MAIN BOARD OF TRUSTEES IS PROVIDED WITH RESEARCH AND ANALYSIS BY THE UNIVERSITY VP OF HR & ADMINISTRATION CONCERNING COMPARATIVE COMPENSATION FOR THE UNIVERSITY PRESIDENT. COMPENSATION FOR SENIOR UNIVERSITY OFFICERS ARE SET BY THE PRESIDENT WITH RESEARCH AND ANALYSIS PROVIDED BY THE VP OF HR & ADMINISTRATION. THE COMPENSATION DELIBERATIONS AND DECISIONS ARE DOCUMENTED. FORM 990, PART VI, SECTION C, LINE 19 UNIVERSITY FORMATION DOCUMENTS AND CONFLICT OF INTEREST POLICIES ARE NOT AVAILABLE TO THE PUBLIC. UK STATUTORY ACCOUNTS ARE FILED WITH THE RELEVANT AUTHORITIES IN THE UK AND ARE AVAILABLE FOR INSPECTION. FORM 990, PART XI, LINE 9: EXCHANGE LOSS BETWEEN THE US DOLLAR & THE UK POUND STERLING 22,562. THE RICHMOND FOUNDATION C/O RICHMOND UNIVERSITY QUEENS ROA RICHMOND SURREY UK TW10 6JP EDUCATIONAL SUPPORT UK FOREIGN BASED UK CHARITY N/A 0 RICHMOND COLLEGE SERVICES LIMITED QUEENS ROAD RICHMOND SURREY UK TW10 6JP EDUCATION SUPPORT UK N/A C 0 0 0 1 0 0 0 0 0 0 0 1 0 1 1 0 0 0 0 0 THE RICHMOND FOUNDATION C 729209 AGREED DONATION THE RICHMOND FOUNDATION K 253638 LEASE AGREEMENT PART II: DONATIONS OF $729,209 FROM THE RICHMOND FOUNDATION TO THE UNIVERSITY WERE DECIDED UPON AT A FOUNDATION TRUSTEES MEETING. THE PRIME PURPOSE OF THE RICHMOND FOUNDATION IS TO PROVIDE SUPPORT TO RICHMOND, THE AMERICAN INTERNATIONAL UNIVERSITY IN LONDON INC. THE PAYMENT OF $253,638 FROM RICHMOND, THE AMERICAN INTERNATIONAL UNIVERSITY IN LONDON INC, TO THE RICHMOND FOUNDATION WAS RENTAL ON A PROPERTY USED FOR STUDENT HOUSING WHICH IS OWNED BY THE RICHMOND FOUNDATION. EIGHT TRUSTEES OF RICHMOND, THE AMERICAN INTERNATIONAL UNIVERSITY IN LONDON INC OUT OF A TOTAL OF 20 VOTING MEMBERES ARE ALSO TRUSTEES OF THE RICHMOND FOUNDATION. RICHMOND COLLEGE SERVICES LTD HAS TWO SHARES IN ISSUE. ONE IS OWNED BY THE RICHMOND FOUNDATION AND THE OTHER IS HELD BY THE PRESIDENT OF THE UNIVERSITY AS A NOMINEE SHAREHOLDER. ANY PROFITS MADE BY RICHMOND COLLEGE SERVICES LIMITED ARE DONATED TO THE RICHMOND FOUNDATION. AS THE RICHMOND FOUNDATION IS A UK REGISTERED CHARITY, THIS EXEMPTS RICHMOND COLLEGE SERVICES LTD FROM PAYING UK CORPORATION TAX. ANY PROFITS DONATED BY RICHMOND COLLEGE SERVICES LIMITED TO THE RICHMOND FOUNDATION ARE IN TURN DONATED TO THE UNIVERSITY.