2016-03-22T11:55:50-07:00 2015-05-31 990 2014-06-01 231352620 ARCADIA UNIVERSITY ARCA 2155722900 450 S Easton Road Glenside PA 19038 Eric Nelson VP Finance and Administration 2155722943 2016-03-22 2014 2016-08-17 19:52:53Z Eric R Nelson 450 S Easton Road Glenside PA 19038 178050000 0 X www.arcadia.edu X 1853 PA The Arcadia Promise affirms that students will have a distinctively global, integrative, and personal learning experience that prepares them to contribute and lead in a diverse and dynamic world. Arcadia offers unique programs such as the University-subsidized Preview program, which takes nearly 60 percent of the incoming class each year to more than a dozen international destinations as a part of their coursework; Global Field Study courses, which combine a semester of intense study on campus with an embedded study abroad component; and semester-long or yearlong component study abroad experiences. The College of Global Studies at Arcadia University offers a wide range of academic programs at Arcadia study and research centers as well as at leading universities around the world. 35 34 1174 1755 0 -17367 4014000 3651000 160095000 168555000 3095000 4155000 104000 1114000 167308000 177475000 44224000 47962000 0 0 51389000 55353000 0 75000 1191000 71831000 71696000 167444000 175086000 -136000 2389000 248472000 247571000 124222000 122146000 124250000 125425000 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. 0 0 93778000 43116000 110884000 ENSURING ACCESS to quality higher education to students from economically challenged families: 32% of Arcadia's 673 new entering Fall 2014 freshmen would be the first in their families to graduate from a college; 37% of them received need-based federal Pell Grants (awarded by federal formula to students from low-income families); 2% were covered by PA Act 101 (for those whose cultural, economic, and educational disadvantages might impede their ability to succeed in college). In addition to these state and federal programs, Arcadia provides financial assistance in the form of grants and scholarships to 99% of full time undergraduate students. Among the entire Arcadia undergraduate population of 2,594 students enrolled during the fall 2014, 35% were receiving Pell Grants, 32% would be the first in their families to graduate from college, 2% were covered by Act 101, and 93% received University-financed financial assistance; 60% received Work Study support. Arcadia also provides academic support through the Gateway to Success program, which includes Act 101 services for PA residents who qualify at 200% of the poverty level and provides personal attention and resources throughout the academic year to help them succeed. 44598000 925000 43624000 Ensuring a GLOBAL OPPORTUNITY for as many students as possible: Arcadia is distinct in that all of our students--undergraduate and graduate alike--engage in integrative, real-world learning opportunities such as internships, evidence-based research, service learning, interdisciplinary study, problem-based learning, and co-curricular learning experiences that expand beyond the traditional classroom. 74% of the undergraduate class graduating in May 2015 had used their passports while they were students at Arcadia. In 2015, 397 freshmen and 48 transfer students studied in 20 locales around the globe during spring break, as part of an academic (2-credit) program. 88 freshmen studied abroad for a semester during their first year, in either England or Scotland, and 590 other Arcadia students studied abroad during 2014-15. 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 (e.g., pro bono service) requirements and/or opportunities for our students. In addition to more than 4,000 students on its U.S. campuses, Arcadia provides educational opportunities at its centers and programs around the world to more than 2,500 students annually from other colleges and universities through The College of Global Studies at Arcadia University. 9971000 3921000 14047000 We believe that living in close proximity to others who are different is a critically important way for students to learn important life skills, and we treat RESIDENTIAL LIFE at college as additional opportunities for learning. Our desire is to ensure that the living arrangements support and enhance student 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; mediation; and the development of identity, purpose, and integrity. Within the residence halls and apartments, an engaged team of paraprofessional and professional 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. Arcadia provides first-year students (freshmen) the option to select to live on a theme floor to add an innovative flair to the traditional housing experience by adding a more intentional, focused social opportunity based on a theme. 0 0 0 148347000 1 1 0 0 0 0 0 1 0 1 1 0 0 1 1 1 1 0 1 1 1 0 1 1 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 1 521 0 1 1174 1 1 1 1 AS EI GR IT NZ SF SP TU UK 0 0 0 1 1 0 0 0 0 X 35 34 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CA DE FL ME NJ NY PA TX X X X Eric R Nelson - VP Finance 2155722943 450 S Easton Road Glenside PA 190383295 Nicolette Deville Christensen President 40 X X 446941 0 117395 Joycellen Young Auritt Trustee 1 X 0 0 0 Jo Bennett Vice Chair 5 X X 0 0 0 Joan Nadler Brantz Trustee 1 X 0 0 0 Lawrence R Catuzzi Trustee 1 X 0 0 0 Patricia DeBow Secretary 5 X X 0 0 0 Thora T Easton Trustee 1 X 0 0 0 Jean S Hassler Trustee 1 X 0 0 0 John W Hlywak Jr Trustee 1 X 0 0 0 Thomas S Johnston Trustee 1 X 0 0 0 Richard Llewellyn Jones Jr Trustee 1 X 0 0 0 Mark K Kessler Trustee 1 X 0 0 0 Laura M Korman Trustee 1 X 0 0 0 Babette Senker Krug Trustee 1 X 0 0 0 Nancy R Kyle Trustee 3 X 0 0 0 Toya Rucker Lawson Trustee 1 X 0 0 0 Charles William Lentz Trustee 1 X 0 0 0 Alison Aaron Madsen Trustee 1 X 0 0 0 Thomas P McCollum Trustee 1 X 0 0 0 Ana Pujols McKee Trustee 1 X 0 0 0 Marc Walsh McKenna Trustee 1 X 0 0 0 Hugh G Moulton Trustee 4 X 0 0 0 David A Plastino Trustee 1 X 0 0 0 Clair Raubenstine Trustee 4 X 0 0 0 Theresa P Rollins Trustee 5 X 0 0 0 Gerald B Rorer Trustee 1 X 0 0 0 Sidney Rosenblatt Trustee 1 X 0 0 0 Allison Rossett Trustee 1 X 0 0 0 Madeline J Stein Vice Chair 7 X X 0 0 0 Christopher R van de Velde Chair 7 X X 0 0 0 Lyanne Lindo Wassermann Trustee 1 X 0 0 0 William U Westerfield Trustee 1 X 0 0 0 Theodore V Wood Jr Trustee 1 X 0 0 0 Danielle S Frank Trustee 1 0 X 0 0 0 Andrew Santagata Trustee 1 0 X 0 0 0 Matthew E Golden Vice President of University Relations 40 X 42949 0 15040 Mark Lapreziosa Vice President of Enrollment Management 40 X 160428 0 37572 Mary Mcrae Vice President of University Advancement 40 X 198687 0 48735 Barbara F Nodine Provost and Vice President of Academic Affairs 40 X 125742 0 17349 Joshua L Stern VP for Student Affairs & Dean of Students-Prior 40 X 133782 0 19449 Lorna Stern Vice President of The College of Global Studies 40 X 208640 0 43322 Steve O Michael Provost and VP of Academic Affairs-Prior 40 X 119414 0 34077 Michael S Dryer Chair of Medical Science and Community Health 40 X 188585 0 23884 Colleen M Burke Chief Operating Officer for TCGS 40 X 177238 0 48527 Michael J Korolishin General Counsel 40 X 169827 0 34371 John R Hoffman Founding Dean of College of Arts & Sciences 40 X 158326 0 49269 Thomas J Macchi Associate VP of Facility and Capital Planning 40 X 153716 0 62286 2284275 0 551276 56 0 1 0 Delran Builders Company Inc 7909 Flourtown Avenue Wyndmoor PA 19038 Construction 4837303 Parkhurst Dining Services PO Box 644091 Pittsburgh PA 152644901 Dining Services 2675678 Aramark Higher Education 24818 Network Place Chicago IL 606731248 Facilities Management 1942631 Royall & Company 1920 East Parham Road Richmond VA 232282206 Student Recruitment 795679 R & R Voice & Data Inc 234 West Broad Street Hatfield PA 19440 Telephones 594195 25 0 0 36000 0 1161000 2454000 417000 3651000 Tuition & Fees 611310 110884000 110884000 0 0 Room & Board 611310 14047000 14047000 0 0 International Programs 611310 43624000 43624000 0 0 0 0 0 0 168555000 3426000 0 0 3426000 0 0 0 0 0 0 0 0 480000 0 294000 0 186000 0 186000 0 0 186000 998000 0 269000 0 729000 0 729000 0 0 729000 6000 36000 12000 -6000 0 -6000 Food.Vend/Bkstore Commissions 611310 146000 0 0 146000 Student Health, PNC Commissions, & Other Misc. Fees 611310 788000 0 0 788000 0 0 0 0 934000 177475000 168555000 0 5269000 0 0 47833000 47833000 129000 129000 0 0 1769000 900000 622000 247000 0 0 0 0 41247000 31347000 9585000 315000 1635000 1513000 79000 43000 7437000 4295000 3105000 37000 3265000 2971000 196000 98000 0 0 0 0 281000 0 281000 0 188000 0 188000 0 0 0 0 0 75000 75000 269000 0 269000 0 0 0 0 0 225000 205000 20000 0 321000 292000 19000 10000 1542000 1542000 0 0 0 0 0 0 6715000 5535000 1179000 1000 3767000 2782000 885000 100000 0 0 0 0 157000 143000 9000 5000 4352000 3993000 359000 0 0 0 0 0 4021000 3423000 598000 0 854000 854000 0 0 Services-Other 15744000 11500000 4087000 157000 International Programs Tuition 16593000 16593000 0 0 International Programs Housing 7961000 7961000 0 0 Supplies-Other 2592000 2170000 362000 60000 6114000 2366000 3705000 43000 175086000 148347000 25548000 1191000 132000 13000 18563000 23493000 1453000 1204000 3649000 4086000 0 0 0 0 5610000 4548000 110000 110000 3725000 3527000 216248000 87863000 120155000 128385000 60308000 57716000 9382000 8275000 0 0 0 0 25385000 16214000 248472000 247571000 9503000 11702000 0 0 12161000 13085000 90756000 89079000 0 0 0 0 0 0 0 0 11802000 8280000 124222000 122146000 X 95410000 96557000 10067000 9870000 18773000 18998000 124250000 125425000 248472000 247571000 X 2389000 -1385000 0 0 0 171000 X 0 1 X 1 1 1 X 4263000 4539000 4666000 4014000 3651000 21133000 0 0 0 0 0 0 0 0 0 0 0 0 4263000 4539000 4666000 4014000 3651000 21133000 0 21133000 3292000 3642000 3257000 3142000 3906000 17239000 0 0 0 0 0 0 95000 91000 86000 79000 934000 1285000 39657000 169384000 0.53289 0.55 X Schedule A, Part II, Line 10 2010-2013 -- Commissions; 2014 -- Commissions (146,000), Other Sources (788,000) RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 X 0 68878000 736000 1002000 651000 1969000 269000 67727000 59226000 2092000 10248000 545000 1840000 303000 68878000 52942000 672000 8010000 558000 1571000 269000 59226000 55477000 362000 -637000 533000 1399000 328000 52942000 46779000 475000 10014000 420000 1028000 343000 55477000 0.71 0.28 0.01 1 0 0 2784000 2784000 0 151008000 47743000 103265000 0 0 0 0 0 40040000 31890000 8150000 0 22416000 8230000 14186000 128385000 A/R-Other 1757000 A/R-Other-CGS 197000 Accrued Interest Receivable-Operating 158000 Accrued Interest Receivable-CGS 1000 Deposits with Bond Trustees 14101000 16214000 0 Capital Lease Obligation 36000 Annuities Payable 356000 Accrued Post-Retirement Obligation 4482000 Asset Retirement Obligation 2633000 Refundable Loan Funds 773000 8280000 X 128336000 -1385000 0 0 -48060000 -49445000 177781000 0 -306000 -306000 177475000 127161000 0 0 0 306000 306000 126855000 269000 47962000 48231000 175086000 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 2015. The University's federal Exempt Organization Business Income Tax Returns for fiscal years 2015, 2014, and 2013 remain subject to examination by the Internal Revenue Service. Schedule D, Part XI, Line 2d Financial Aid Assistance (-47,962,000), Investment Expenses (-269,000), Change in Market Value of Future Foreign Exchange Contracts (-3,238,000) and Change in benefit obligation (3,409,000) Schedule D, Part XI, Line 4b Rental Expense (-294,000); Fundraising Expense (-12,000) Schedule D, Part XII, Line 2d Rental Expense (294,000) and Fundraising Event Expense (12,000) Schedule D, Part XII, Line 4b Financial Aid Assistance (47,962,000) 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. Central America and the Caribbean 1 1 Program Services Study Abroad Education 210000 East Asia and the Pacific 2 11 Program Services Study Abroad Education 7489000 Europe (including Iceland and Greenland) 6 47 Program Services Study Abroad Education 26009000 Middle East and North Africa 1 1 Program Services Study Abroad Education 160000 Sub-Saharan Africa 1 2 Program Services Study Abroad Education 818000 South America 0 0 Program Services Study Abroad Education 84000 Central America and the Caribbean 0 0 Investments 1560903 11 62 36330903 Scholarship East Asia and the Pacific 14 0 129000 Credit placed on student's account Cost 0 0 0 0 0 0 X X X X X X 1 Susan M Poglinco 915 Laburnum Lane Wyncote PA 19095 Consultation on fundraising strategies for specific educational programs. 0 0 38000 -38000 William M Dingfelder 431 Mary Watersford Rd Bala Cynwyd PA 190042006 Grant writing for private funding. 0 0 18000 -18000 Joseph S Leive 247 Harrogate Road Wynnewood PA 190963131 Consultation on fundraising strategies and personal visits with prospective donors. 0 0 19000 -19000 0 75000 -75000 Arcadia Golf Outing 42000 36000 6000 0 0 9000 0 0 3000 0 0 42000 36000 6000 0 0 9000 0 0 3000 12000 -6000 1 Student Work Programs (Federally Subsidized) 1529 1254000 0 Student Work Programs (Institutional) 218 1604000 0 Institutional Scholarships & Grants 2680 45104000 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 X 0 0 0 0 0 0 0 0 0 Nicolette Deville Christensen President 446941 0 0 0 0 0 20800 0 96595 0 564336 0 0 0 Mark Lapreziosa Vice President of Enrollment Management 160428 0 0 0 0 0 13143 0 24429 0 198000 0 0 0 Mary Mcrae Vice President of University Advancement 198687 0 0 0 0 0 8214 0 40521 0 247422 0 0 0 Lorna Stern Vice President of The College of Global Studies 208640 0 0 0 0 0 9504 0 29304 0 247448 0 0 0 Michael S Dryer Chair of Medical Science and Community Health 188585 0 0 0 0 0 13694 0 10910 0 213189 0 0 0 Colleen M Burke Chief Operating Officer for TCGS 177238 0 0 0 0 0 14545 0 33982 0 225765 0 0 0 Michael J Korolishin General Counsel 169827 0 0 0 0 0 13560 0 20811 0 204198 0 0 0 John R Hoffman Founding Dean of College of Arts & Sciences 158326 0 0 0 0 0 6089 0 43180 0 207595 0 0 0 Thomas J Macchi Associate VP of Facility and Capital Planning 153716 0 0 0 0 0 12128 0 50158 0 216002 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 613603QP7 2006-02-15 46753060 Funding of capital projects & current refunding 0 0 0 B Montgomery County Higher Education & Health Authority 232447147 613603RA9 2006-04-13 12138593 Advance refunding of outstanding 1999 bonds 0 0 0 C Montgomery County Higher Education & Health Authority 232447147 613603SL4 2010-05-11 23037906 Funding of capital projects 0 0 0 D Montgomery County Higher Education & Health Authority 232447147 613603SZ3 2013-12-05 19721786 Funding of Capital Projects and refunding of 2001 bonds 0 0 0 A 9320000 0 48849554 3697196 0 0 526976 0 0 30122123 14503259 0 2011 1 0 1 1 B 430000 0 12139002 1169868 0 0 323295 0 0 0 10645840 0 2009 0 1 1 1 C 0 0 23065922 1992200 2254941 0 308305 0 0 20765481 0 0 2013 0 0 1 1 D 780000 0 19658287 0 266026 0 290130 0 0 7508995 4700000 7219309 2016 1 0 0 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 1 A 0 0 0 1 0 0 1 MBIA 3 1 0 1 B 0 0 0 1 0 0 1 MBIA 3 1 0 1 C 0 0 0 1 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 3-02/15/2006 46,753,060 Montgomery County Total bond proceeds include investment income. (This is for all bonds) Schedule K, Part IV, Line 2c-02/15/2006 46,753,060 Montgomery County The rebate calculation for the Montgomery County Education & Health Authority issue, dated 02/15/2006, was completed March 8, 2011. Schedule K, Part IV, Line 2c-04/13/2006 12,138,593 Montgomery County The rebate calculation for the Montgomery County Education & Health Authority issue, dated 04/13/2006, was completed April 25, 2011. Schedule K, Part IV, Line 2c-05/11/2010 23,037,906 Montgomery County The rebate calculation for the Montgomery County Education & Health Authority issue, dated 05/11/2010, was completed May 11, 2015. Per IRS instr names are not public Per IRS instr inter'd persons aren't named 81053 Employee tuition discount Employee benefit X 23 416784 NYSE 25 0 0 1 Schedule M, Part I, Line 32b Arcadia University uses a wealth management company to hold and facilitate the sale of all stock gifts received. This represents the number of contributions received. Form 990, Part VI, Section B, Line 11b The Audit Committee of the Board of Trustees reviews and accepts the 990 before it is filed. 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. They review compensations of Presidents at peer institutions on an annual basis. The University uses comparability data from peer institutions collected by the College and University Professional Association for Human Resources (CUPA HR), as well as review internal equity among executives, in determining the compensation of all other officers. 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 XI, Line 9 Change in Market Value of Future Foreign Exchange Contracts -- (3,238,000); Change in Benefit Obligation -- 3,409,000