2017-11-01T15:33:55-05:00 2017-06-30 410746749 CLIFTONLARSONALLEN LLP 4099 TAMIAMI TRAIL N STE 300 NAPLES FL 34103 990 2016-07-01 596605703 HODGES UNIVERSITY INC HODG 8004668017 2655 NORTHBROOKE DRIVE NAPLES FL 341197932 ERICA M VOGT EXECUTIVE VICE PRESIDENT 2395986221 2017-10-17 1 AMELIA COOPER CPA P00437898 2392628686 2017-10-16 67.137.57.251 2017-10-17 10:56:45 ED P 418F37E5C4CE0AC9E4D29D687123F20CC1FFDC72 F79A0C8ED54C230A76D80D5FC26A9A498163BE26 2016 2017-02-10 21:41:12Z DONALD WORTHAM 2655 NORTHBROOKE DRIVE NAPLES FL 341197932 28049506 0 X WWW.HODGES.EDU X 1990 FL DEGREE PROGRAMS TO ENHANCE THE ABILITY OF STUDENTS TO ACHIEVE PERSONAL OR PROFESSIONAL OBJECTIVES. 13 13 394 52 0 0 878750 376217 27919022 26551393 251754 277861 -198625 -15988 28850901 27189483 2260563 2411212 0 0 14028552 12864745 0 0 347773 11090082 10762784 27379197 26038741 1471704 1150742 85145790 83175761 33871875 31479293 51273915 51696468 X THE MISSION OF HODGES UNIVERSITY IS TO PROVIDE TRANSFORMATIONAL, LEARNER-DRIVEN EDUCATIONAL OPPORTUNITIES. 0 0 22227957 2411212 26479144 HODGES UNIVERSITY, A PRIVATE, NONPROFIT INSTITUTION OF HIGHER LEARNING, IS ACCREDITED BY THE SOUTHERN ASSOCIATION OF COLLEGES AND SCHOOLS COMMISSION ON COLLEGES TO AWARD ASSOCIATE, BACHELOR'S, AND MASTER'S DEGREES.THE UNIVERSITY OFFERS FLEXIBLE SCHEDULES OF DAY, EVENING AND ONLINE CLASSES; SELF-PACED DEGREE OPTIONS; CAREER COUNSELING; AND HANDS-ON SUPPORT FROM A HIGHLY QUALIFIED FACULTY. ALL OF THESE FACTORS CULMINATE TO PRODUCE A LEARNING ENVIRONMENT UNLIKE ANY OTHER INSTITUTION IN THE REGION.CONTINUED ON SCHEDULE ODEGREES:9 MASTER'S DEGREES (ALL MASTER'S DEGREES ARE AVAILABLE AS A TOTALLY ONLINE PROGRAM)17 BACHELOR'S DEGREES (14 BACHELOR'S DEGREES ARE AVAILABLE AS A TOTALLY ONLINE PROGRAM)11 ASSOCIATE DEGREES (8 ASSOCIATE DEGREES ARE AVAILABLE AS A TOTALLY ONLINE PROGRAM)2 GRADUATE CERTIFICATE PROGRAM7 UNDERGRADUATE CERTIFICATE PROGRAMS3 GRADUATE SELF-PACED DEGREES4 UNDERGRADUATE SELF-PACED DEGREES2 ASSOCIATE SELF-PACED DEGREES31 DEGREES ARE AVAILABLE AS A TOTALLY ONLINE PROGRAM (SEE ABOVE)CONTINUING EDUCATION:ENGLISH AS A SECOND LANGUAGE CERTIFICATE PROGRAMFRANCES PEW HAYES CENTER FOR LIFELONG LEARNINGINTERNATIONAL INSTITUTETHE CENTER FOR NONPROFIT EXCELLENCETHE OFFICE OF DIVERSITY AND INCLUSIONTHE DR. PETER THOMAS VETERANS SERVICES CENTERTHE IDENTITY FRAUD INSTITUTEHODGES UNIVERSITY SCHOOLS:FISHER SCHOOL OF TECHNOLOGYJOHNSON SCHOOL OF BUSINESSNICHOLS SCHOOL OF PROFESSIONAL STUDIESSCHOOL OF HEALTH SCIENCESSCHOOL OF LIBERAL STUDIES 22227957 1 1 0 0 0 0 0 0 0 1 1 0 0 0 0 1 1 0 1 1 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 67 0 394 1 0 0 0 0 0 1 1 0 0 0 0 X 13 13 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X ERICA M VOGT 2395986221 2655 NORTHBROOKE DRIVE NAPLES FL 341197932 JOHN J AGNELLI CHAIR 5.00 X X 0 0 0 KEITH ARNOLD VICE CHAIRMAN 5.00 X X 0 0 0 MICHAEL PRIOLETTI SECRETARY 5.00 X X 0 0 0 WILLIAM BARTON TRUSTEE 5.00 X 0 0 0 GILLIAN CUMMINGS-BECK TRUSTEE 5.00 X 0 0 0 TODD GATES TRUSTEE 5.00 X 0 0 0 LESLIE KING TRUSTEE 5.00 X 0 0 0 GERALD MCHALE TRUSTEE 5.00 X 0 0 0 JERRY NICHOLS TRUSTEE 5.00 X 0 0 0 RICHARD PITBLADDO TRUSTEE 5.00 X 0 0 0 CLYDE QUINBY TRUSTEE 5.00 X 0 0 0 SANDRA STILWELL TRUSTEE 5.00 X 0 0 0 GARY TRIPPE TRUSTEE 5.00 X 0 0 0 KATHLEEN PASSIDOMO TRUSTEE - RESIGNED 5.00 X 0 0 0 JOSEPH DONAHUE TRUSTEE - RESIGNED 5.00 X 0 0 0 JAMES HUMPHREY TRUSTEE - RESIGNED 5.00 X 0 0 0 ROBERT SIMPSON TRUSTEE - RESIGNED 5.00 X 0 0 0 JAMES STAMPER TRUSTEE - RESIGNED 5.00 X 0 0 0 DONALD WORTHAM PRESIDENT 40.00 X 244050 0 29044 ERICA VOGT EVP OF OPERATIONS, CFO, TREASURER 40.00 X 155919 0 23755 JOHN MEYER - HIRED APRIL 2017 EVP OF ACADEMIC AFFAIRS, SECRETARY 40.00 X 0 0 0 BRENT PASSEY VICE PRESIDENT 40.00 X 136681 0 22600 AYSEGUL TIMUR DEAN 40.00 X 133919 0 22436 MIGUEL RIVERA PROGRAM CHAIR 40.00 X 130750 0 22246 CAROL MORRISON SVP STUDENT SERVICES 40.00 X 129496 0 22170 WILLIAM GRIZ DEAN 40.00 X 118137 0 21488 1048952 0 163739 13 0 1 0 COLLEGIS LLC 1415 W 22ND ST SUITE 400 OAK BROOK IL 60523 ADVERTISING 653173 NORTON NORRIS INC 55 E JACKSON BLVD SUITE 950 CHICAGO IL 60604 ADVERTISING 597445 ELLUCIAN COMPANY LLC 62578 COLLECTIONS CENTER DRIVE CHICAGO IL 60693 SOFTWARE SERVICES 467089 PRESIDIO NETWORKED SOLUTIONS PO BOX 822169 PHILADELPHIA PA 19182 SOFTWARE SERVICES 446592 SOFTRIM LLC 9210 ESTERO PARK COMMONS BLVD ESTERO FL 33928 SOFTWARE SERVICES 277516 9 47565 328652 11660 376217 TUITION AND FEES 611600 26551393 26551393 26551393 277768 277768 31419 0 31419 31419 31419 690727 690634 93 93 93 52222 47565 64837 -12615 -12615 5607 1020 4587 4587 31283 103532 -72249 -72249 VIRTUAL BOOKSTORE COMMISSION 900099 22633 22633 VENDING MACHINE 900099 8653 8653 COPY SERVICES 900099 1584 1584 32870 27189483 26479144 0 334122 14175 14175 2397037 2397037 561562 22580 378082 160900 10489905 9981023 417870 91012 220961 203077 16006 1878 729420 646354 74352 8714 862897 762463 81553 18881 52679 52679 51151 51151 13211 13211 524028 384046 123507 16475 1674732 1672438 1034 1260 526033 186824 327944 11265 1553703 625823 927880 918983 918983 199326 149312 34067 15947 58366 40611 15290 2465 1649389 1649389 2120281 2120281 375412 375412 INSTRUCTIONAL MATERIALS 577922 577922 LIBRARY RESOURCES 235434 235434 DUES AND SUBSCRIPTIONS 105341 76185 27398 1758 GRADUATION EXPENSES 39514 39514 87279 68057 2004 17218 26038741 22227957 3463011 347773 5704180 4930209 2471566 381376 9281322 9036009 2440454 3505962 80054 57892 2192759 883153 66199542 20488483 46800995 45711059 16162660 18658301 11800 11800 85145790 83175761 1683126 1613604 4073749 3367376 28115000 26498313 33871875 31479293 X 37504294 38518450 10787026 10194299 2982595 2983719 51273915 51696468 85145790 83175761 X 1150742 2010 -730199 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 2818695 2224 2820919 2745821 72874 2818695 2754843 -9022 2745821 4503091 53639 1896034 94147 2566549 1.00000 0 0 10332284 10332284 41218931 8249284 32969647 14448327 12044875 2403452 200000 194324 5676 45711059 X 24771156 2010 20000 169389 191399 24579757 13211 2596515 2609726 27189483 24348603 20000 700110 720110 23628493 13211 2397037 2410248 26038741 PART V, LINE 4: THE UNIVERSITY HAS DONOR RESTRICTED ENDOWMENT FUNDS ESTABLISHED FOR THE PURPOSE OF PROVIDING SCHOLARSHIPS FOR STUDENTS AND SUPPORTING THE OPERATIONS OF THE UNIVERSITY. PART X, LINE 2: THE UNIVERSITY FOLLOWS THE INCOME TAX STANDARD FOR UNCERTAIN TAX POSITIONS, AND AS A RESULT, THE UNIVERSITY EVALUATED ITS TAX POSITIONS AND DETERMINED IT HAS NO UNCERTAIN TAX POSITIONS AS OF JUNE 30, 2017 AND 2016. PART XI, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD OF BOOKSTORE OPERATION REPORTED ON PART VIII 103,532. DIRECT FUNDRAISING AND RAFFLE EXPENSES REPORTED ON PART VIII 65,857. PART XI, LINE 4B - OTHER ADJUSTMENTS: INSTITUTIONAL AID REPORTED ON PART IX 2,397,037. UNCOLLECTIBLE ACCOUNTS REPORTED ON PART XI 199,478. PART XII, LINE 2D - OTHER ADJUSTMENTS: UNCOLLECTIBLE ACCOUNTS REPORTED ON PART XI 530,721. COST OF GOODS SOLD OF BOOKSTORE OPERATION REPORTED ON PART VIII 103,532. DIRECT FUNDRAISING AND RAFFLE EXPENSES REPORTED ON PART VIII 65,857. PART XII, LINE 4B - OTHER ADJUSTMENTS: INSTITUTIONAL AID REPORTED ON PART IX 2,397,037. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 THE UNIVERSITY'S POLICY STATEMENT IS INCLUDED IN ITS MESSAGE TO THE PUBLIC: HODGES UNIVERSITY, AS AN OPEN, CREATIVE AND COMMUNITY-CONSCIOUS EDUCATIONAL INSTITUTION, MUST FULFILL ITS MISSION IN THE CLIMATE OF A CHANGING WORLD. THAT EACH STUDENT, AS A UNIQUE PERSON, DESERVES A PROGRAM OF STUDIES AND VARIED EXPERIENCES FOR PERSONAL GROWTH WITHOUT REGARD TO RACE, COLOR, GENDER, SEXUAL ORIENTATION, RELIGION, CREED, NATIONAL ORIGIN, POLITICAL OPINIONS OR AFFILIATIONS, DISABLED VETERAN STATUS, DISABILITY, OR AGE AS PROVIDED BY LAW AND IN ACCORDANCE WITH THE UNIVERSITY'S RESPECT FOR PERSONAL DIGNITY. SCHEDULE E, PART I, LINE 6 HODGES UNIVERSITY, INC. PARTICIPATES IN BOTH STATE AND FEDERAL STUDENT FINANCIAL ASSISTANCE PROGRAMS. VIRTUALLY ALL FUNDS RECEIVED THROUGH THESE PROGRAMS ARE IMMEDIATELY CREDITED TO STUDENT ACCOUNTS FOR PAYMENT OF TUITION, FEES AND BOOKS. EXCESS FUNDS ARE DELIVERED TO STUDENTS ACCORDING TO PROGRAM REQUIREMENTS. SOME PROGRAMS PROVIDE A SMALL ADMINISTRATIVE ALLOWANCE FOR THE INSTITUTION. STEPPING OUT FOR SCHOLARSHIP 49720 18561 31159 2659 28283 6173 GOLF CLASSIC 45417 25795 19622 3062 16550 6628 95137 44356 50781 5721 44833 12801 63355 -12574 1 INSTITUTIONAL AID, INCLUDING SCHOLARSHIPS, ASSISTANTSHIPS, AND TUITION WAIVERS 1641 2397037 0 N/A N/A PART I, LINE 2: HODGES UNIVERSITY PARTICIPATES IN VARIOUS LOCAL SPONSORSHIPS TO ORGANIZATIONS ANNUALLY BASED ON OUR ABILITY AND CURRENT ECONOMIC SITUATION. BECAUSE THE SPONSORSHIPS ARE FOR GENERAL OPERATING SUPPORT, NO MONITORING IS REQUIRED. HODGES UNIVERSITY PARTICIPATES IN BOTH STATE AND FEDERAL STUDENT FINANCIAL ASSISTANCE PROGRAMS. VIRTUALLY ALL FUNDS RECEIVED ARE IMMEDIATELY CREDITED TO STUDENT ACCOUNTS FOR PAYMENT OF TUITION, FEES AND BOOKS. EXCESS FUNDS ARE DELIVERED TO STUDENTS ACCORDING TO PROGRAM REQUIREMENTS. X X X X 0 0 0 0 0 0 0 0 0 DONALD WORTHAM PRESIDENT 244050 0 0 0 0 0 7322 0 21722 0 273094 0 0 0 ERICA VOGT EVP OF OPERATIONS, CFO, TREASURER 155919 0 0 0 0 0 4678 0 19077 0 179674 0 0 0 BRENT PASSEY VICE PRESIDENT 136681 0 0 0 0 0 4100 0 18500 0 159281 0 0 0 AYSEGUL TIMUR DEAN 133919 0 0 0 0 0 4018 0 18418 0 156355 0 0 0 MIGUEL RIVERA PROGRAM CHAIR 130750 0 0 0 0 0 3923 0 18323 0 152996 0 0 0 CAROL MORRISON SVP STUDENT SERVICES 129496 0 0 0 0 0 3885 0 18285 0 151666 0 0 0 A COLLIER CO ED FAC AUTHORITY 650915682 19463TBC9 2013-11-14 28404134 REFUND BONDS AND FINANCE NEW BUILDING PURCHASE 0 0 0 A 420000 28404134 2066550 517198 13133144 2014 0 1 1 1 A 0 0 0 0 0.05000 0.05000 0 0 0 A 0 0 0 0 0 0 0 0 0 A 1 X 3 125110 FMV STOCK QUOTE X AUCTION ITEMS 25 5721 ASSIGNED BY DONOR X FURNITURE 19 5335 ASSIGNED BY DONOR X ART 1 300 ASSIGNED BY DONOR X EQUIPMENT 1 100 ASSIGNED BY DONOR 0 1 0 PART I, LINE 33: STOCK DONATIONS OF $124,906 WERE RECEIVED AS PAYMENT TOWARDS A PRIOR YEAR PLEDGE. THEREFORE, THE STOCK DONATION RECEIVED WAS RECORDED AS A DECREASE TO THE PLEDGE RECEIVABLE AND NOT INCLUDED IN REVENUE. FORM 990, PART VI, SECTION A, LINE 1 THE UNIVERSITY'S EXECUTIVE COMMITTEE CONSISTS OF NO LESS THAN THREE BUT NO MORE THAN SIX MEMBERS OF THE BOARD OF TRUSTEES INCLUDING ONE OFFICER THAT IS APPOINTED BY THE EXECUTIVE COMMITTEE. THE EXECUTIVE COMMITTEE HAS THE AUTHORITY OF THE FULL BOARD OF TRUSTEES BETWEEN MEETINGS WITH ANY ACTIONS UNDERTAKEN TO BE RATIFIED BY THE FULL BOARD AT THE NEXT REGULARLY SCHEDULED MEETING. FORM 990, PART VI, SECTION B, LINE 11B MANAGEMENT WILL UNDERTAKE A COMPREHENSIVE REVIEW OF THE FORM 990 AND ITS SCHEDULES IMMEDIATELY UPON ITS COMPLETION, AND WILL ADDRESS ALL OF ITS QUESTIONS AND CONCERNS WITH THE PREPARER. UNIVERSITY POLICY PROVIDES FOR THE PROVISION OF A COPY OF THE COMPLETED RETURN TO ALL MEMBERS OF THE GOVERNING BOARD IN ADVANCE OF FILING. A VOTE OF THE FULL BOARD TO APPROVE OF THE TAX RETURN IS REQUIRED PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C ALL TRUSTEES, OFFICERS AND KEY EMPLOYEES ARE REQUIRED TO SUBMIT ANNUAL DISCLOSURE STATEMENTS. THE STATEMENTS ARE REVIEWED BY THE SENIOR MANAGEMENT AND THE INDEPENDENT AUDITOR TO DETERMINE IF ANY RELATIONSHIPS NEED TO BE DISCLOSED IN THE AUDITED FINANCIAL STATEMENTS OR THE FORM 990. IN CASE OF ANY POTENTIAL REAL OR PERCEIVED CONFLICT OF INTEREST, AFFILIATED PERSONS ARE EXPECTED TO DISCLOSE THE CONFLICT IN ADVANCE. ONCE SUCH A DISCLOSURE HAS BEEN MADE, THE CHAIRMAN OF THE BOARD OF TRUSTEES SHALL DETERMINE WHETHER OR NOT THERE IS A POTENTIAL CONFLICT OF INTEREST. IF IT IS DETERMINED THAT THERE IS A POTIENTIAL CONFLICT OF INTEREST, THE AFFILIATED PERSON INVOLVED SHALL ABSTAIN FROM VOTING AND SHALL NOT PARTICIPATE IN THE DISCUSSION OF THE MATTER AT ISSUE EXCEPT TO STATE BRIEFLY HIS OR HER POSITION IN THE MATTER AND TO ANSWER SPECIFIC QUESTIONS. THIS ABSTENTION SHALL BE REFLECTED IN THE MEETING MINUTES. FORM 990, PART VI, SECTION B, LINE 15 THE COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES DETERMINES THE COMPENSATION FOR THE PRESIDENT (CEO). THE COMMITTEE CONSIDERS COMPARABILITY DATA AMONG MANY OTHER FACTORS TO DETERMINE THE APPROPRIATE COMPENSATION. THE COMMITTEE'S RECOMMENDATION MUST BE APPROVED BY THE FULL BOARD. THE LAST REVIEW WAS DONE IN 2017. THE SALARY OF THE OTHER TWO OFFICERS (ERICA VOGT, EXECUTIVE VICE PRESIDENT OF ADMINISTRATIVE OPERATIONS AND TREASURER AND JOHN MEYER, EXECUTIVE VICE PRESIDENT OF ACADEMIC AFFAIRS AND SECRETARY) WAS SET BY THE PRESIDENT, DONALD WORTHAM, BUT WAS REVIEWED AND APPROVED BY THE FULL BOARD. THIS REVIEW WAS DONE IN 2017. FORM 990, PART VI, SECTION C, LINE 19 THE UNIVERSITY MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: UNCOLLECTIBLE ACCOUNTS -730,199.