2016-04-18T12:55:07-05:00 2015-06-30 521392008 GELMAN ROSENBERG & FREEDMAN 4550 MONTGOMERY AVE SUITE 650N BETHESDA MD 208142930 990 2014-07-01 237110060 THE AMERICAN UNIVERSITY OF ROME AMER 8775921287 1860 19TH STREET NW NO 400 WASHINGTON DC 20009 RICHARD HODGES PRESIDENT 8775921287 2016-04-18 1 3019519090 2014 2016-08-17 19:52:53Z RICHARD HODGES 1860 19TH STREET NW NO 400 WASHINGTON DC 20009 11343153 0 X WWW.AUR.EDU X 1970 DC SEE PART III, LINE 1. 19 19 13 19 0 0 126777 270220 12205037 11181364 56115 37096 10447 -145527 12398376 11343153 747836 477092 0 0 5132906 4785680 0 0 137643 7033135 6253243 12913877 11516015 -515501 -172862 5862171 5058448 2657470 2564771 3204701 2493677 X THE AMERICAN UNIVERSITY OF ROME IS A DEGREE-GRANTING AMERICAN UNIVERSITY. IT CONDUCTS AN AMERICAN UNIVERSITY LEVEL ACADEMIC PROGRAM IN ITS FACILITIES IN ROME (ITALY), AND COLLABORATES WITH COLLEGES AND UNIVERSITIES IN THE US AND ITALY TO ORGANIZE SPECIAL PROGRAMS, CONFERENCES, SEMINARS AND OTHER HIGHER EDUCATION PROGRAMS IN ROME. 0 0 8957235 477092 11181364 GENERAL: TO ESTABLISH, OPERATE, MAINTAIN AND MAKE KNOWN AN AMERICAN COLLEGE AND UNIVERSITY IN THE CITY OF ROME, ITALY. 8957235 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 1 1 1 0 1 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 123 0 1 13 1 0 1 IT 0 0 0 0 0 0 0 0 X 19 19 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 X RICHARD HODGES 8775921287 AUR VIA PIETRO ROSELLI 400153, ROME IT GABRIEL G BATTISTA CHAIR 10.00 X X 0 0 0 ANDREW A PALMIERI VICE CHAIR 7.00 X X 0 0 0 ROBERT J KRAPF SECRETARY 7.00 X X 0 0 0 ANTHONY J MANGANIELLO CHAIR OF FINANCE 4.00 X X 0 0 0 JOSEPH V DEL RASO CHAIR EMERITUS 4.00 X 0 0 0 MARY B TEARGARDEN TRUSTEE 4.00 X 0 0 0 ROBERT E CARLUCCI TRUSTEE 4.00 X 0 0 0 JORDAN FORESI TRUSTEE 4.00 X 0 0 0 ANTONIO GIORDANO TRUSTEE 4.00 X 0 0 0 MARTHA LYNN GIRARD TRUSTEE 4.00 X 0 0 0 LEILA GONZALES SULLIVAN TRUSTEE 4.00 X 0 0 0 MICHAEL J MCGINNISS TRUSTEE 4.00 X 0 0 0 ROBERT B MURPHY TRUSTEE 4.00 X 0 0 0 SUZANNE F NICHOLSON TRUSTEE 4.00 X 0 0 0 BETH PFANNL TRUSTEE 4.00 X 0 0 0 FRANCESCO PROFUMO TRUSTEE 4.00 X 0 0 0 EDWARD F REILLY TRUSTEE 4.00 X 0 0 0 NEIL TANNER TRUSTEE 4.00 X 0 0 0 DOMENIC MASSARO TRUSTEE 4.00 X 0 0 0 RICHARD HODGES PRESIDENT 40.00 X 292336 0 7691 ANDREW THOMPSON EXECUTIVE VICE PRESIDENT 40.00 X 174717 0 39954 STEFANO BUTTINELLI CFO 40.00 X 110911 0 34286 SUSAN JOHNSON VICE PRESIDENT (BEGAN APRIL 2015) 40.00 X 0 0 0 GILIOLA PILLONI VICE PRESIDENT (LEFT JUNE 2014) 40.00 X 104637 0 16533 682601 0 98464 3 1 1 0 AURORA SERVICE SRL - VIA ANTONIO BENNICELLI 44-00151 ROME IT STUDENT HOUSING CLEANING & MAINT. 606674 ABROAD HOUSING UNIVERSITY LLC 11414 W PARK PLACE STE 202 MILWAUKEE WI 53224 STUDENT HOUSING CLEANING & MAINT. 394552 2 270220 270220 TUITION 900099 8380914 8380914 HOUSING 900099 2542459 2542459 FIELD TRIP/OTHER REIMB. 900009 257991 257991 11181364 37096 37096 MISCELLANEOUS 900099 5722 5722 CURREN. EXCHANGE LOSS 900099 -151249 -151249 -145527 11343153 11181364 0 -108431 16632 16632 460460 460460 843401 142634 594786 105981 18382 941 17257 184 3216187 2914903 285109 16175 90510 67883 19912 2715 24399 18299 5368 732 592801 382357 198588 11856 59966 59966 35217 21130 14087 432184 259310 172874 377847 302278 75569 385752 231451 154301 286822 258140 28682 3297286 2967557 329729 52096 15629 36467 47819 43037 4782 127 127 256122 204898 51224 77150 77150 FIELD TRIPS 206958 206958 TAXES 183171 109903 73268 SECURITY 93884 56330 37554 CLEANING COSTS 71394 42836 28558 389448 233669 155779 11516015 8957235 2421137 137643 20691 155526 1845459 1886820 1261351 796967 684292 535069 3622408 3217970 477041 404438 1495369 1218664 77968 60964 5862171 5058448 1684546 1480532 515479 709489 457445 374750 2657470 2564771 X 3148763 2445609 55938 48068 3204701 2493677 5862171 5058448 X -172862 -538162 X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 814203 716763 97440 1346246 1228737 117509 1461959 1272470 189489 404438 SEVERANCE PAYABLE 374750 374750 11149545 283484 283484 10866061 477092 477092 11343153 11322407 283484 283484 11038923 477092 477092 11516015 PART XI, LINE 2D - OTHER ADJUSTMENTS: EXCHANGE LOSS SHOWN AS EXPENSE ON THE FINANCIAL STATEMENTS 283,484. AND INCLUDED AS REVENUE ON THE FORM 990. PART XI, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIP NETTED AGAINST REVENUE ON THE FINANCIAL 477,092. STATEMENTS AND REPORTED AS AN EXPENSE ON THE FORM 990. PART XII, LINE 2D - OTHER ADJUSTMENTS: EXCHANGE LOSS SHOWN AS EXPENSE ON THE FINANCIAL STATEMENTS 283,484. AND INCLUDED AS REVENUE ON THE FORM 990. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIP NETTED AGAINST REVENUE ON THE FINANCIAL 477,092. STATEMENTS AND REPORTED AS AN EXPENSE ON THE FORM 990. 1 1 1 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 SCHEDULE E, PART I, LINE 3 EQUAL OPPORTUNITY DISCLOSURE INCLUDED ON THE WEBSITE AT THE MAIN PAGES AND IN THE CATALOG AND VIEWBOOK. SCHEDULE E, PART I, LINE 4 THE UNIVERSITY KEEPS INFORMATION BY NATIONALITY ONLY. IN ITALY IT IS NOT REQUIRED TO KEEP RACIAL INFORMATION, UNLESS THERE IS A SPECIFIC REASON. WE HAVE NO SPECIFIC REASONS TO REQUIRE ETHNIC INFORMATION, WHICH IS CONSIDERED SENSITIVE IN ITALY. WE DO HOWEVER HAVE SPECIFIC POLICIES ON NON-DISCRIMINATION. THESE ARE CONTAINED IN ALL OUR HANDBOOKS (STAFF, FACULTY AND STUDENT) AND ON OUR WEB SITE. 1 EUROPE 1 120 PROGRAM SERVICES ACADEMIC INSTRUCTION 8480143 EUROPE 0 0 GRANTS TO RECIPIENTS LOCATED IN THE REGION 460460 1 120 0 0 1 120 8940603 0 8940603 STUDENT SCHOLARSHIP AND WORK ASSISTANCE EUROPE 101 460460 FULL OR PARTIAL OFFSET OF TUITION PAYMENT OR CASH TO STUDENT 0 0 0 0 0 0 PART I, LINE 2: THE AMERICAN UNIVERSITY OF ROME MAINTAINS AN ACADEMIC SCHOLARSHIP GRANT PROGRAM FOR QUALIFIED STUDENTS. GRANTS ARE AWARDED PURSUANT TO ESTABLISH POLICIES AND PROCEDURES AND MONITORED BY THE AUR FINANCIAL AID OFFICE. AUR IS AUTHORIZED BY THE UNITED STATES DEPARTMENT OF EDUCATION TO PARTICIPATE IN TITLE IV STUDENT FINANCIAL ASSISTANCE PROGRAM, IS IN COMPLIANCE WITH US TITLE IV REQUIREMENTS AND ACCORDINGLY IS SUBMITTED TO AUDIT ON AN ANNUAL BASIS. 1 UNIVERSITY OF MARYLAND 1101 HOLZAPFEL HALL COLLEGE PARK MD 20742 522197313 501(C)(3) 9675 SCHOLARSHIPS FOR STUDENTS STUDYING ABROAD AT AUR 1 0 PART I, LINE 2: GRANTS ARE SCHOLARSHIPS GIVEN TO UNIVERSITY AND COLLEGES FOR THEIR STUDENTS ATTENDING STUDY ABROAD PROGRAMS HELD AT THE AMERICAN UNIVERSITY OF ROME IN ROME, ITALY. THE SCHOLARSHIPS ARE DETERMINED BY SCHOLAR MERIT AND OR FINANCIAL NEED. X X X 1 0 0 0 0 0 0 0 0 RICHARD HODGES PRESIDENT 292336 0 0 0 0 0 0 0 7691 0 300027 0 0 0 ANDREW THOMPSON EXECUTIVE VICE PRESIDENT 174717 0 0 0 0 0 31643 0 8311 0 214671 0 0 0 GILIOLA PILLONI VICE PRESIDENT (LEFT JUNE 2014) 0 0 0 0 104637 0 12759 0 3774 0 121170 0 0 0 PART I, LINE 4A GILIOLA PILLONI WAS DISMISSED AT THE END OF JUNE 2014. IN CASE OF JUSTIFIED DISMISSAL THE ITALIAN LABOR LAW REQUIRES PAYMENT FOR A NOTICE PERIOD OF 12 MONTHS ACCORDING TO POSITION AND SENIORITY; THE EMPLOYEE MAY CONTEST THE DISMISSAL AND REQUEST HIGHER SEVERANCE. THE LABOR LAW CONSIDERS THAT IN ORDER TO AVOID ANY LITIGATION THE EMPLOYER AND THE EMPLOYEE MUST SIGN A DISMISSAL AGREEMENT. THE FULL LOADED COST FOR THE NOTICE PERIOD IS $147,076. AUR AND GILIOLA SIGNED A DISMISSAL AGREEMENT FOR A GROSS AMOUNT OF $161,581. THE ACCRUAL FOR THIS SEVERANCE HAS BEEN ACCRUED IN THE FINANCIAL YEAR AS OF JUNE 30, 2014. HOWEVER, DURING THE CURRENT REPORTING PERIOD, GILIOLA RECEIVED $68,882. AT THE END OF JUNE 2015, ANDREW THOMPSON HAS BEEN DISMISSED AND THE UNIVERSITY HAS ACCRUED BUT NOT PAID THE AMOUNT OF $210,873 FOR HIS NOTICE PERIOD. FORM 990, PART VI, SECTION B, LINE 11 THE FORM 990 WAS PREPARED BY TAX CONSULTANTS IN COOPERATION WITH THE CFO. THE FORM WAS REVIEWED BY THE LEGAL COMMITTEE OF THE BOARD OF TRUSTEES. IT WAS THEN SUBMITTED FOR APPROVAL TO THE PRESIDENT, WHO IS ALSO THE LEGAL REPRESENTATIVE. A COPY OF THE FINAL 990 WAS PROVIDED TO ALL TRUSTEES BEFORE FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C THE AMERICAN UNIVERSITY OF ROME IS COMMITTED TO AVOIDING ANY ACTUAL OR POTENTIAL CONFLICTS BETWEEN THE INTERESTS OF THE UNIVERSITY AND ANY PERSONAL INTEREST A MEMBER OF THE BOARD OF TRUSTEES OR AN OFFICER OF THE UNIVERSITY MAY HAVE. ALL TRUSTEES AND OFFICERS ANNUALLY DISCLOSE ACTUAL AND POTENTIAL CONFLICTS OF INTEREST BY COMPLETING A CONFLICT OF INTEREST DISCLOSURE STATEMENT AND THESE DISCLOSURES ARE PROMPTLY UPDATED AS NEW INFORMATION BECOMES AVAILABLE THAT AFFECTS THE TRUSTEE'S OR OFFICER'S STATED INTERESTS. NO TRANSACTION OR ACTION UNDERTAKEN BY THE UNIVERSITY MAY BE VOID OR VOIDABLE, OR MAY BE CHALLENGED AS SUCH BY AN OUTSIDE PARTY, BY REASON OF HAVING BEEN UNDERTAKEN IN VIOLATION OF THE POLICY OR THE PRINCIPLES SET FORTH WITHIN THE POLICY. IF A CONFLICT OF INTEREST WERE TO ARISE AN ABSTENTION OR RECUSAL MAY BE NECESSARY. FORM 990, PART VI, SECTION B, LINE 15A THE PRESIDENT HAS HELD OFFICE SINCE JULY 1, 2012. IN DETERMINING THE TOTAL COMPENSATION FOR THE PRESIDENT DR. HODGES, THE BOARD ANNUALLY REVIEWS SEVERAL FACTORS: (I) THE PRIOR COMPENSATION VALUES PAID TO HIS PREDECESSOR; (II) THE ECONOMIC CONDITION OF THE UNIVERSITY; (III) THE ORIGINAL RECOMMENDATION OF KORN FERRY INTERNATIONAL, WHICH WAS THE SEARCH CONSULTANT ENGAGED BY THE BOARD TO ASSIST IN RECRUITMENT OF A NEW PRESIDENT; AND (IV) THE REPORT OF YAFFE & COMPANY, WHICH IS A COMPENSATION CONSULTANT IN AREAS, INCLUDING HIGHER EDUCATION, PROVIDING A VOLUNTARILY REPORTED DATABASE ON EXECUTIVE COMPENSATION AT SIMILARLY SITUATED INTERNATIONAL COLLEGES AND UNIVERSITIES. THE COMPENSATION PROCESSED WAS DOCUMENTED AND THE LAST REVIEW WAS IN 2015. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: CURRENCY TRANSLATION RATE DIFFERENCE -538,162.