2017-02-08T08:16:09-07:00 2016-06-30 990 2015-07-01 382410852 KETTERING UNIVERSITY KETT 8107629790 1700 University Avenue Flint MI 485046214 Thomas W Ayers Treasurer 8107629864 2017-01-20 2015 2021-01-29 14:40:06Z Dr Robert K McMahan 1700 University Avenue Flint MI 48504 77088346 0 X www.kettering.edu X 1982 MI Education. We prepare students for lives of extraordinary leadership and service by linking transformative experiential learning opportunities to rigorous academic programs in engineering, science, mathematics, and business. Founded in 1919 by a group of Flint leaders with a vision for transforming the automobile industry, Kettering University today offers 15 undergraduate degrees, 5 graduate degrees, and a variety of concentrations and minors that allow us to deliver an education that couples theory and practice better than any other institution in the world. At Kettering we are dedicated to achieving the extraordinary through technological innovation, leadership and service. Through growth, global leadership, community outreach and an engaged community of stakeholders we are achieving what we aspire to. Our every action is imbued by a set of values that foster respect, integrity, creativity, collaboration and excellence. 28 27 1047 1275 -56908 0 15242886 6388048 50209758 54229967 12546531 1894430 592231 536178 78591406 63048623 3490287 3416600 0 0 34408319 36095283 93320 128557 2063753 20433185 22063671 58425111 61704111 20166295 1344512 187371719 185693061 27109696 27672400 160262023 158020661 Education. We prepare students for lives of extraordinary leadership and service by linking transformative experiential learning opportunities to rigorous academic programs in engineering, science, mathematics, and business. Founded in 1919 by a group of Flint leaders with a vision for transforming the automobile industry, Kettering University today offers 15 undergraduate degrees, 5 graduate degrees, and a variety of concentrations and minors that allow us to deliver an education that couples theory and practice better than any other institution in the world. At Kettering we are dedicated to achieving the extraordinary through technological innovation, leadership and service. Through growth, global leadership, community outreach and an engaged community of stakeholders we are achieving what we aspire to. Our every action is imbued by a set of values that foster respect, integrity, creativity, collaboration and excellence. 0 0 18595721 3416600 38591451 Undergraduate Instruction. Delivered 63,393 undergraduate student credit hours of instruction (one student credit hour represents 10 hours of instruction for one student). Awarded 320 baccalaureate degrees in 16 different programs. 2066191 0 6091022 Graduate Instruction. Delivered 7,280 graduate student credit hours of instruction (one student credit hour represents 10 hours of instruction for one student). Awarded 156 master's degrees in 8 different programs. 3585707 1588187 1099462 Research. Top three projects: Department of Justice Byrne Innovation "Renew the Avenue". Goals of program are to reduce crime in the University Ave Corridor by 20%, reduce blight by 50% and increase community participation in social events. Entrepreneurship Across the University. The i2e-AU program involves faculty training, student training, student contests, curriculum development and innovation lab development. Per year, approximately, 30 faculty training events, 40 student competition events, 40 student training events and many curriculum development meetings are held. The i2e-AU program seeks to instill the mindset of entrepreneurship in the Kettering education and its graduates. This is a university wide program that reaches many constituencies throughout the year. Design a High Efficiency Three-phase Bidirectional Battery Charger for Electric Vehicles. Through this project we generated one bidirectional charger using SiC devices. The performance is superior to the presently existing chargers on the market. Generated one journal paper and one conference paper in ECCE, 2016. Sponsored one postdoc and one research engineer. 30033783 174137 5031432 All other Program Services includes Academic Support, Student Services, Institutional Services, and Auxiliary Services. 30033783 174137 5031432 54281402 1 1 0 0 0 0 0 1 0 1 1 1 0 0 1 0 1 0 1 1 1 0 0 1 0 0 0 0 1 1 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 1 2415 0 1 1047 1 1 1 1 CJ 0 0 0 1 1 0 0 0 1 1 0 X 28 27 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 CA NY OR X X Beth A Covers 8107629925 1700 University Avenue Flint MI 485046214 Henio Arcangeli Jr Board Member 2 X 0 0 0 Lizabeth A Ardisana Board Member 2 X 0 0 0 Carla J Bailo Board Member 2 X 0 0 0 Jane Boon Board Secretary 2 X X 0 0 0 Walter Borst Board Member 2 X 0 0 0 Donald B Chaffin Board Member 2 X 0 0 0 Bruce D Coventry Board Member 2 X 0 0 0 Gary L Cowger Board Member 2 X 0 0 0 Jacqueline A Dedo Board Member 2 X 0 0 0 Cornelius De Koker Board Member 2 X 0 0 0 Greg Deveson Board Member 2 X 0 0 0 Phillip C Dutcher Board Member 2 X 0 0 0 David S Hoyte Board Member 2 X 0 0 0 Charles F Kettering III Board Member 2 X 0 0 0 Jesse Lopez Board Member 2 X 0 0 0 Michael Mansuetti Board Member 2 X 0 0 0 John Moyer Board Member 2 X 0 0 0 Cindy Niekamp Board Member 2 X 0 0 0 Raj Nair Board Member 2 X 0 0 0 Jeffrey Owens Board Chair 4 X X 0 0 0 Paul Peabody Board Member 2 X 0 0 0 Raymond Scott Board Member 2 X 0 0 0 Marjorie Sorge Board Member 2 X 0 0 0 Lyn St James Board Member 2 X 0 0 0 Randall S Stashick Board Member 2 X 0 0 0 Norman Syzdlowski Board Member 2 X 0 0 0 Diana Tremblay Board Vice Chair 2 X X 0 0 0 Robert K McMahan President 70 X X 414329 0 107190 James Zhang Provost 55 X 247911 0 38855 Thomas W Ayers Treasurer 55 X 233975 0 38420 Susan Davies VP University Advancement & External Relations 60 X 203121 0 39628 Cornelius Darcy VP Marketing, Communication & Enrollment 55 X 194697 0 24330 Christine Wallace Vice President Kettering Global 55 X 169006 0 31200 Mohammad Torfeh-Isafahan Professor 55 X 174055 0 59407 Basem Alzahabi Professor & Director Office of International Progr 55 X 170942 0 59243 Bassem Ramadan Professor & Associate Dept Head ME 55 X 165727 0 17930 Petros Gheresus Reiss Chair of Industrial Engineering 55 X 151404 0 28030 Massoud Tavakoli Professor 55 X 151025 0 30310 2276192 0 474543 37 0 1 0 Duffey Petrosky & Company 38505 Country Club Dr Farmington Hills MI 48331 Marketing Services 577578 Kevin B Kingsbury Campus Printing Communications 1700 University Ave Flint MI 48504 Printing Services 243256 Keypath Education LLC 220 N Smith St 201 Palatine IL 60067 Recruitment Services 129168 Interior Environments 48700 Grand River Ave Novi MI 48374 Workplace Design 108851 Kalamuna LLC 363 13th St Suite 300 Oakland CA 94612 Marketing Services 103268 5 0 0 0 0 0 6388048 414616 6388048 Tuition Undergraduate 611310 42016051 42016051 0 0 Tuition & Fees Graduate 611310 6091022 6091022 0 0 Research 611310 1099462 1099462 0 0 Continuing Education 611310 285605 285605 0 0 Auxiliary Services 611310 4737827 0 0 4737827 0 0 0 0 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187371719 185693061 4107812 5153318 0 0 756013 922582 20926085 20144832 0 0 0 0 333766 292532 0 0 986020 1159136 27109696 27672400 X 79226641 83132886 32018910 25636430 49016472 49251345 160262023 158020661 187371719 185693061 X 1344512 -3243459 0 0 0 -342415 X 0 1 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 X X X 0 80958608 577288 -2876553 1492072 1610763 125000 75431508 81288498 1517780 1214063 1390500 1546233 125000 80958608 70740094 2320408 11243780 1378607 1542086 95091 81288498 63760379 877435 8834446 1259673 1384431 88062 70740094 66833763 536806 -1191897 1119694 1215324 83275 63760379 0.12 0.65 0.23 0 0 0 4711756 4711756 0 124354261 68989252 55365009 0 0 0 0 0 37293764 24745433 12548331 0 7998120 4971758 3026362 75651458 Prisma 3502704 F LCG Hedged Equity Fund 6906758 F 10409462 Gift Annuities 374518 Asset Retirement Obligation 784618 1159136 59175878 0 0 0 0 0 59175878 0 3872745 3872745 63048623 54713015 0 0 0 0 0 54713015 0 6991096 6991096 61704111 Schedule D, Part III, Line 1 The university holds an historical collection with an approximate value of $1,200,000 that has not been capitalized, as any proceeds form the sales would be reinvested in the collection. Schedule D, Part III, Line 4 Since 1973, GMI and Kettering Alumni have assisted in creating one of the largest automotive archives in the country that attracts researchers from around the globe. They assisted us in receiving the Charles Kettering Collection, which attracts many researches with its hundreds of patents and documents related to leaded gasoline, freon, jet fuel and fast drying paint, to name only a few subject areas. The Frigidaire Collection, another General Motors Division, showcases the advancement of refrigeration in the 20th century and highlights the advancement of technology in the home. Alumni also assisted us in getting the photograph collection of AC Sparkplug donated, and estimated collection of 40,000 negatives. Schedule D, Part V, Line 4 The Kettering University Endowment fund is used for a variety of purposes including Scholarships, Instructional Chairs and support of specific programs. Schedule D, Part XI, Line 4b Grants and Scholarship assistance of $3,416,600 netted with tuition revenue in audited financials plus realized gains on investments of $456,145. Schedule D, Part XII, Line 4b Depreciation, Amortization and Accretion expense of $3,574,496; Grants & Scholarships expense netted with tuition revenue $3,416,600. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 Schedule E, Part I, Line 3 In public relations releases and interviews with the media, the policy of nondiscrimination is made clear. All published recruiting materials for both students and employees carry a statement which declares the institution's policy of nondiscrimination. Schedule E, Part I, Line 6 Kettering receives multiple state and federal grants. Central America and the Caribbean 0 0 Investments Investments 10409462 0 0 10409462 0 0 0 1 1 0 X X X X X X X 1 Ruffalo Noel Levitz 1025 Kirkwood Parkway Cedar Rapids IA 52404 Phone Solicitation 0 127879 98929 28950 127879 98929 28950 AA AE AL AP AR AS CA CT DE FL FM GA GU HI IA ID IL IN KS KY LA MD ME MH MI MN MO MP MS MT NC ND NE NJ NM NV NY OH OK PA PR PW RI SC SD TN TX UT VA VI VT WI WV WY 1 SEOG Financial Aid 246 289337 0 Donor Restricted Annual Scholarships 134 1635191 0 Endowed Scholarships 507 1492072 0 Schedule I, Part I, Line 2 The grants are distributed to the student accounts are payments to offset tuition costs. X X X 1 1 X X 0 0 0 0 0 0 0 0 0 Robert K McMahan President 341427 0 50000 0 22902 0 33850 0 73340 0 521519 0 0 0 James Zhang Provost 223708 0 21805 0 2399 0 20700 0 18155 0 286767 0 0 0 Thomas W Ayers Treasurer 207706 0 21960 0 4310 0 19350 0 19071 0 272397 0 0 0 Susan Davies VP University Advancement & External Relations 192459 0 0 0 10662 0 18000 0 21628 0 242749 0 0 0 Cornelius Darcy VP Marketing, Communication & Enrollment 191678 0 0 0 3018 0 17349 0 6980 0 219025 0 0 0 Christine Wallace Vice President Kettering Global 143702 0 21800 0 3504 0 13500 0 17700 0 200206 0 0 0 Mohammad Torfeh-Isafahan Professor 150362 0 0 0 23693 0 9150 0 50256 0 233461 0 0 0 Basem Alzahabi Professor & Director Office of International Progr 169269 0 0 0 1674 0 10912 0 48331 0 230186 0 0 0 Bassem Ramadan Professor & Associate Dept Head ME 165179 0 0 0 548 0 11264 0 6666 0 183657 0 0 0 Petros Gheresus Reiss Chair of Industrial Engineering 147782 0 0 0 3622 0 10956 0 17074 0 179434 0 0 0 Massoud Tavakoli Professor 150356 0 0 0 670 0 8196 0 22114 0 181336 0 0 0 Schedule J, Part I, Line 1a President has housing provided--(required to live on premises and the FMV of the rents are used in valuation of benefits), also some spousal travel and tax indemnification are included as part of contract. X 1 46000 Indp Appraisal X 587 Documentation supplied by Donor X 2 6635 Documentation supplied by Donor X 11 326917 Avg High and Low Share Price on Date of Gift X Trustee Travel 20 17935 Documentation supplied by Donor X Lab Equipment 1 15000 Documentation supplied by Donor X Miscellaneous 23 1542 Documentation supplied by Donor 0 0 1 0 Form 990, Part VI, Section B, Line 11b Kettering University reviews the form with the Committee for Audit and Compliance and provides an electronic copy to all Board of Trustees members prior to filing the form 990. Form 990, Part VI, Section B, Line 12c Annual conflict of interest policy is distributed annually and required to be signed by all. Reviewed by HR (faculty and staff) and President's Office (trustees). Form 990, Part VI, Section B, Line 15 Board of Trustees hired a search firm to conduct the Presidential search. Benchmarking and market data was used to determine compensation package offered and contract renewals. All increases to compensation are reviewed and approved by the executive committee of the Board. Form 990, Part VI, Section C, Line 19 Kettering University's governing documents, conflict of interest policy (code of ethics) and financial statements are available on our website www.kettering.edu for public inspection as well as available in hard copy form in the Office for Administration and Finance as well as upon request. Form 990, Part IX, Line 11g Contracted Services $5,251,872; Keypath $762,091; Misc. $300,532 Form 990, Part XI, Line 9 Change in fair value-Beneficial Interest Trusts Extension filed and received approval for filing to be transmitted to the IRS by February 15, 2017.