2016-10-20T07:19:18-05:00 2016-06-30 410746749 CLIFTONLARSONALLEN LLP 4099 TAMIAMI TRAIL N STE 300 NAPLES FL 34103 990 2015-07-01 596605703 HODGES UNIVERSITY INC HODG 8004668017 2655 NORTHBROOKE DRIVE NAPLES FL 341197932 ERICA M VOGT EXECUTIVE VICE PRESIDENT 2395986221 2016-10-17 1 AMELIA COOPER CPA P00437898 2392628686 2016-10-03 2015 2017-02-10 21:41:12Z DONALD WORTHAM 2655 NORTHBROOKE DRIVE NAPLES FL 341197932 30384546 0 X WWW.HODGES.EDU X 1990 FL DEGREE PROGRAMS TO ENHANCE THE ABILITY OF STUDENTS TO ACHIEVE PERSONAL OR PROFESSIONAL OBJECTIVES. 15 15 392 78 0 0 634206 878750 31126332 27919022 63585 251754 11619 -198625 31835742 28850901 2775079 2260563 0 0 14623305 14028552 0 0 469930 11496548 11090082 28894932 27379197 2940810 1471704 83628630 85145790 33512731 33871875 50115899 51273915 X THE MISSION OF HODGES UNIVERSITY IS TO PROVIDE TRANSFORMATIONAL, LEARNER-DRIVEN EDUCATIONAL OPPORTUNITIES. 1 1 22228724 2260563 27777933 HODGES UNIVERSITY IS REGIONALLY ACCREDITED AND AWARDS ASSOCIATE, BACHELOR'S AND MASTER'S DEGREES. THE UNIVERSITY HAS APPROXIMATELY 2,100 STUDENTS ON CAMPUSES IN NAPLES AND FORT MYERS, FLORIDA. HODGES UNIVERSITY PROVIDES STUDENTS WITH PROGRAMS THAT PREPARE THEM FOR CAREERS, AND BELIEVES IN FLEXIBLE CLASS SCHEDULING. THIS ALLOWS STUDENTS TO ATTEND WEEKLY CLASSES THAT SUIT THEIR BUSY LIFESTLYES. THE UNIVERSITY ALSO MEETS THE NEEDS OF TODAY'S STUDENTS BY OFFERING A WIDE VARIETY OF ACADEMIC DELIVERY METHODS AND STUDENT SERVICES, BOTH ON CAMPUS AND THE DISTANT EDUCATION ARENA. THE UNIVERSITY OFFERS THE FOLLOWING PROGRAMS: 11 ASSOCIATE DEGREES19 BACHELOR DEGREES9 GRADUATE DEGREES32 ONLINE DEGREES6 UNDERGRADUATE CERTIFICATE PROGRAMS1 GRADUATE CERTIFICATE PROGRAM7 UNDERGRADUATE SELF-PACED DEGREES3 GRADUATE SELF-PACED DEGREES ENGLISH AS A SECOND LANGUAGE LIFELONG LEARNING CLASSES AT THE FRANCES PEW HISPANIC INSTITUTECENTER FOR NON PROFIT EXCELLENCETHE IDENTITY FRAUD INSTITUTETHE DR. PETER THOMAS VETERANS SERVICE CENTER SCHOOLS: JOHNSON SCHOOL OF BUSINESS SCHOOL OF ALLIED HEALTHNICHOLS SCHOOL OF PROFESSIONAL STUDIESFISHER SCHOOL OF TECHNOLOGYSCHOOL OF LIBERAL STUDIES 22228724 1 1 0 0 0 0 0 0 0 1 1 0 0 0 0 1 1 0 1 0 0 0 0 0 1 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 77 0 392 1 0 0 0 0 0 1 1 0 0 0 0 X 15 15 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 DR JOSEPH DONAHUE TRUSTEE 5.00 X 0 0 0 TODD GATES TRUSTEE 5.00 X 0 0 0 JAMES HUMPHREY TRUSTEE 5.00 X 0 0 0 GARY TRIPPE TRUSTEE 5.00 X 0 0 0 LESLIE KING TRUSTEE 5.00 X 0 0 0 GERARD A MCHALE JR TRUSTEE 5.00 X 0 0 0 KATHLEEN PASSIDOMO TRUSTEE 5.00 X 0 0 0 ROBERT SIMPSON TRUSTEE 5.00 X 0 0 0 JAMES STAMPER TRUSTEE 5.00 X 0 0 0 SANDRA STILLWELL TRUSTEE 5.00 X 0 0 0 CLYDE QUINBY TRUSTEE 5.00 X 0 0 0 GILLIAN CUMMINGS-BECK TRUSTEE 5.00 X 0 0 0 DONALD WORTHAM PRESIDENT 40.00 X 0 0 0 ERICA VOGT EVP OF OPERATIONS, CFO, SE 40.00 X 145866 0 11416 WILLIAM GRIZ DEAN 40.00 X 128486 0 10725 BRENT PASSEY VICE PRESIDENT 40.00 X 136464 0 7200 AYSEGUL TIMUR DEAN 40.00 X 140971 0 11363 MIGUEL RIVERA PROGRAM CHAIR 40.00 X 126525 0 10652 CAROL MORRISON SVP STUDENT & ACADEMIC SERVICES 40.00 X 125656 0 11161 NANCEY WYANT DEAN 40.00 X 130566 0 11964 934534 0 74481 7 1 1 0 NORTON NORRIS 55 EAST JACKSON BLVD CHICAGO IL 60604 MARKETING 1225605 MBS DIRECT PO BOX 617 COLUMBIA MO 65205 EDUCATIONAL MATERIALS 997243 ELLUCIANDATATEL 4375 FAIR LAKES CT FAIRFAX VA 22033 SOFTWARE SERVICES 441420 BLACKBOARD PO BOX 200154 PITTSBURGH PA 152510154 SOFTWARE SERVICES 364002 G4S SECURE SOLUTIONS 1395 UNIVERSITY BLVD JUPITER FL 33458 SECURITY 327061 15 176953 701797 331455 878750 TUITION AND FEES 611600 27919022 27919022 27919022 220713 220713 88419 152604 -64185 -64185 -64185 1031705 1000664 31041 31041 31041 143908 176953 190551 -46643 -46643 48737 189826 -141089 -141089 VIRTUAL BOOKSTORE COMMISSION 900099 44565 44565 VENDING MACHINE 900099 8727 8727 53292 28850901 27777933 0 194218 51974 51974 2208589 2208589 427684 370658 57026 11700303 10748240 750824 201239 244128 222655 17669 3804 736571 727694 4279 4598 919866 814377 85515 19974 69818 69818 59750 59750 12502 12502 12997 12997 745867 587445 153032 5390 1499076 1494512 564 4000 948087 302086 528354 117647 1416552 426450 990102 1006841 1006841 262173 214322 25694 22157 83111 45736 15541 21834 1602186 1602186 2060310 2060310 504855 504855 LIBRARY RESOURCES 381177 381177 DUES AND SUBSCRIPTIONS 109002 92567 14527 1908 GRADUATION EXPENSES 41272 41272 BOND FEES 29248 29248 245258 177884 57021 10353 27379197 22228724 4680543 469930 2545214 5704180 2441566 2471566 9401622 9281322 1405514 2440454 78780 80054 2008502 2192759 65289272 18488277 47965553 46800995 17770079 16162660 11800 11800 83628630 85145790 1384591 1683126 3613140 4073749 28515000 28115000 33512731 33871875 X 36194281 37504294 10941048 10787026 2980570 2982595 50115899 51273915 83628630 85145790 X 1471704 10177 -323865 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 2745821 72874 2818695 2754843 -9022 2745821 4503091 53639 1896034 94147 2566549 1.00000 0 0 10332284 10332284 41107413 7207157 33900256 13529501 10976256 2553245 320074 304864 15210 46800995 X 27119140 10177 21900 457748 489825 26629315 12997 2208589 2221586 28850901 25961124 21900 781613 803513 25157611 12997 2208589 2221586 27379197 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 HAS ADOPTED THE INCOME TAX STANDARD FOR UNCERTAIN TAX POSITIONS. AS A RESULT OF THE IMPLEMENTATION, THE UNIVERSITY EVALUATED ITS TAX POSITIONS AND DETERMINED IT HAS NO UNCERTAIN TAX POSITIONS AS OF JUNE 30, 2016 AND 2015. PART XI, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD OF BOOK STORE OPERATION REPORTED ON PART VIII 189,826. DIRECT FUNDRAISING EXPENSES REPORTED ON PART VIII 115,318. DIRECT RENTAL EXPENSES REPORTED ON PART VIII 152,604. PART XI, LINE 4B - OTHER ADJUSTMENTS: INSTITUTIONAL AID REPORTED ON PART IX 2,208,589. PART XII, LINE 2D - OTHER ADJUSTMENTS: BAD DEBT WRITE-OFF REPORTED ON PART XI 323,865. COST OF GOODS SOLD OF BOOK STORE OPERATION REPORTED ON PART VIII 189,826. DIRECT FUNDRAISING EXPENSES REPORTED ON PART VIII 115,318. DIRECT RENTAL EXPENSES REPORTED ON PART VIII 152,604. PART XII, LINE 4B - OTHER ADJUSTMENTS: INSTITUTIONAL AID REPORTED ON PART IX 2,208,589. 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 91558 60738 30820 13446 15661 5255 SCHOLARSHIP GALA/GOLF CLASSIC 133443 68010 65433 1050 41883 2924 20949 16003 2 95860 48205 47655 19905 4500 29923 700 18352 320861 176953 143908 1050 75234 7424 66533 700 39610 190551 -46643 1 NCH HEALTHCARE FOUNDATION 350 SEVENTH ST N NAPLES FL 34102 592314655 501(C)(3) 5000 N/A N/A TO SUPPORT GENERAL OPERATIONS JUNIOR ACHIEVEMENT OF SW FLORIDA 9530 MARKETPLACE RD STE 302 FORT MYERS FL 33912 650503084 501(C)(3) 5750 N/A N/A TO SUPPORT GENERAL OPERATIONS COMMUNITY FOUNDATION OF COLLIER COUNTY 2400 TAMIAMI TRAIL N 300 NAPLES FL 34104 592396243 501(C)(3) 5000 N/A N/A TO SUPPORT GENERAL OPERATIONS 3 INSTITUTIONAL AID, INCLUDING SCHOLARSHIPS, ASSISTANTSHIPS, AND TUITION WAIVERS 1212 2208589 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 ERICA VOGT EVP OF OPERATIONS, CFO, SE 145866 0 0 0 0 0 4216 0 7200 0 157282 0 0 0 AYSEGUL TIMUR DEAN 140971 0 0 0 0 0 4163 0 7200 0 152334 0 0 0 NANCEY WYANT DEAN 130566 0 0 0 0 0 4764 0 7200 0 142530 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 400000 28404134 2066550 517198 13133144 2013 0 1 1 1 A 0 1 0 0 0.05000 0.05000 0 0 0 A 0 0 0 0 0 0 0 0 0 A 1 X 2 192277 FMV STOCK QUOTE X AUCTION ITEMS 0 75234 ASSIGNED BY DONOR X PIANO 1 20488 ASSIGNED BY DONOR X VACATION PACKAGES 2 15050 ASSIGNED BY DONOR X FURNITURE 1 15000 ASSIGNED BY DONOR X DINNER PACKAGES 2 13406 ASSIGNED BY DONOR 0 1 0 FORM 990, PART III, LINE 2 THE UNIVERSITY CREATED THE FOLLOWING NEW PROGRAMS: HEALTH OFFICE ADMINISTRATION (ASSOCIATE DEGREE), MARKETING AND PROFESSIONAL SALES (BACHELOR DEGREE), MASTER OF PUBLIC ADMINISTRATION (GRADUATE DEGREE), MASTER OF ARTS IN VISUAL COMMUNICATION (GRADUATE DEGREE), COMMUNICATION AND MEDIA (BACHELOR DEGREE) AND BUSINESS INFORMATICS (BACHELOR DEGREE). FORM 990, PART III, LINE 3 "THE UNIVERSITY HAS CEASED THE RECRUITMENT FOR IT'S HEALTH SERVICES ADMINISTRATION (ASSOCIATE DEGREE) AS IT WAS RENAMED HEALTH OFFICE ADMINISTRATION, MEDICAL ASSISTING (ASSOCIATE DEGREE), MARKETING AND BRANDING (BACHELOR DEGREE) AS IT WAS RENAMED MARKETING AND PROFESSIONAL SALES, INFORMATION SYSTEMS BUSINESS ANALYST (BACHELOR DEGREE) AS IT WAS RENAMED BUSINESS INFORMATICS AND DIGITAL MEDIA AND COMMUNICATION (BACHELOR DEGREE) AS IT WAS RENAMED COMMUNICATION AND MEDIA. THE CURRENT ENROLLED STUDENTS WILL BE TAUGHT THROUGH THEIR GRADUATION. NO FURTHER STUDENTS WILL BE RECRUITED OR ENROLLED IN THESE PROGRAMS." 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 11 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 COMPENSATION FOR THE PRESIDENT (CEO), THE SECRETARY AND THE TREASURER. THE COMMITTEE CONSIDERS COMPARABILITY DATA AMONG MANY OTHER FACTORS TO DETERMINE THE APPROPRIATE COMPENSATION. MINUTES ARE PRODUCED AT EACH MEETING OF THE COMMITTEE AND THEIR RECOMMENDATIONS MUST BE APPROVED BY THE FULL BOARD OF TRUSTEE. THE LAST REVIEW AND APPROVAL OF COMPENSATION WAS DONE IN 2016 FOR THE PRESIDENT, DONALD WORTHAM AND THE EXECUTIVE VICE PRESIDENT OF ADMINISTRATIVE OPERATIONS, ERICA VOGT. KEY EMPLOYEE CAROL MORRISON'S SALARY WAS SET BY THE PRESIDENT, BUT REVIEWED AND APPROVED BY THE COMPENSATION COMMITTEE. THIS REVIEW WAS DONE IN 2016. 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: BAD DEBT WRITE-OFF -323,865.