2016-05-16T17:19:07-05:00 2015-06-30 910189318 MOSS ADAMS LLP 9665 GRANITE RIDGE DRIVE SUITE 600 SAN DIEGO CA 92123 990 2014-07-01 952786163 WOODBURY UNIVERSITY WOOD 8187670888 7500 GLENOAKS BLVD BURBANK CA 915107846 DR DAVID STEELE-FIGUEREDO PRESIDENT 8187670888 2016-05-16 1 PATRICIA J MAYER P00188643 8586271400 2016-05-16 2014 2016-08-17 19:52:53Z DR DAVID STEELE-FIGUERED 7500 GLENOAKS BLVD BURBANK CA 915107846 71438674 0 X WWW.WOODBURY.EDU X 1884 CA UNIVERSITY PROGRAMS FOR STUDENTS THAT LEADS TO AN UNDERGRADUATE OR GRADUATE DEGREE. 28 25 973 58 0 0 2536197 2138435 48227590 49693723 1610948 1548519 2684001 2539196 55058736 55919873 11313700 10743840 0 0 28701094 30012280 0 0 1538425 14394734 16840242 54409528 57596362 649208 -1676489 74625365 87360092 30520693 48448355 44104672 38911737 X WOODBURY UNIVERSITY EMPOWERS PEOPLE TO DO EXTRAORDINARY THINGS. WE TRANSFORM STUDENTS INTO LIBERALLY EDUCATED PROFESSIONALS AND SOCIALLY RESPONSIBLE CITIZENS BY INTEGRATING TRANSDISCIPLINARITY, DESIGN THINKING, ENTREPRENEURSHIP, AND CIVIC ENGAGEMENT INTO ALL PROGRAMS. WE ACHIEVE ACADEMIC EXCELLENCE BY CREATING EXTERNAL PARTNERSHIPS, IMPLEMENTING EFFECTIVE INTERNAL PROCESSES, AND ENSURING QUALITY IN ALL PROGRAMS AND SERVICES.SUCCESSFUL WOODBURY GRADUATES ARE AMBASSADORS FOR THE UNIVERSITY. THEY ARE INNOVATIVE LEADERS WHO HELP INDIVIDUALS AND COMMUNITIES FLOURISH. THEY ARE KNOWN FOR BEING STRONG COMMUNICATORS, ETHICAL THINKERS AND CREATIVE PROBLEM-SOLVERS WITH A DEEP COMMITMENT TO SUSTAINABILITY AND SOCIAL JUSTICE. THEY ARE KNOWLEDGEABLE IN THEIR DISCIPLINES AND EAGER FOR COLLABORATION AND CONTINUOUS LEARNING. THEY INTEGRATE PROFESSIONAL SKILLS WITH GLOBAL CITIZENSHIP, ENTREPRENEURIAL ENERGY, AND INTELLECTUAL CURIOSITY. WOODBURY GRADUATES MAKE A DIFFERENCE. 0 0 48045012 10743840 49693723 UNIVERSITY PROGRAMS FOR STUDENTS THAT LEADS TO AN UNDERGRADUATE OR GRADUATE DEGREE 48045012 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 1 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 1 1874 0 1 973 1 0 0 0 0 0 1 1 0 0 0 0 X 28 25 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 0 1 1 0 CA X OFFICE OF THE CONTROLLER 8182525245 7500 GLENOAKS BLVD BURBANK CA 915107846 LUIS CALINGO PRESIDENT (THRU 02/2015) 40.00 X X 417432 0 33670 DAVID DAUWALDER INTERIM PRESIDENT, EVP & PROVOST 40.00 X X 303934 0 18894 RONALD ALTOON TRUSTEE 1.00 X 0 0 0 DAVID BLLITZ TRUSTEE 1.00 X 0 0 0 BRIAN BOWMAN TRUSTEE 1.00 X 0 0 0 STEPHEN CHANDLER TRUSTEE 1.00 X 0 0 0 DAVID R CRONENBOLD JR TRUSTEE 1.00 X 0 0 0 JOSEPH DE BRIYN TRUSTEE 1.00 X 0 0 0 YOLANDA GORMAN TRUSTEE 1.00 X 0 0 0 JAN HANSSEN TRUSTEE 1.00 X 0 0 0 LAWRENCE HURWITZ VICE CHAIR 1.00 X X 0 0 0 GRACE KIM TRUSTEE 1.00 X 0 0 0 SCOTT KOHNO TRUSTEE 1.00 X 0 0 0 BARRY KURTZ TRUSTEE 1.00 X 0 0 0 ROBERT KUMMER TRUSTEE 1.00 X 0 0 0 GREGORY LIPPE TRUSTEE 1.00 X 0 0 0 PEGI MATSUDA TRUSTEE 1.00 X 0 0 0 MALCOLM MCNEIL TRUSTEE 1.00 X 0 0 0 IISE METCHEK TRUSTEE 1.00 X 0 0 0 WALTER MOSHER JR TRUSTEE 1.00 X 0 0 0 BRUCE C MUNSTER TRUSTEE 1.00 X 0 0 0 KIERAN NOLAN TRUSTEE 1.00 X 0 0 0 CURT PRINGLE TRUSTEE 1.00 X 0 0 0 RONALD SODERLING TRUSTEE 1.00 X 0 0 0 EDWARD SPIEGEL TRUSTEE 1.00 X 0 0 0 DAVID ST AMANT CHAIRMAN 1.00 X X 0 0 0 JUDITH TAMKIN TRUSTEE 1.00 X 0 0 0 CARL TERZIAN TRUSTEE 1.00 X 40500 0 0 WILLIAM THOMAS TRUSTEE 1.00 X 0 0 0 EDDIE WANG TRUSTEE (THRU 06/30/2015) 1.00 X 0 0 0 JASON EARNHARDT TRUSTEE (THRU 01/2015) 1.00 X 0 0 0 LOUIS NAIDORF TRUSTEE (THRU 01/2015) 1.00 X 0 0 0 SETA JAVOR BOARD SECRETARY 40.00 X 95716 0 16014 KENNETH JONES VP FINANCE & ADMIN 40.00 X 245486 0 34981 SHARI GIBBONS CHIEF MARKETING OFFICER 40.00 X 212819 0 19564 RICHARD NORDIN VP ADVANCEMENT 40.00 X 296435 0 9988 DONALD ST CLAIR VP ENROLLMENT MGMT 40.00 X 188407 0 26558 PHYLLIS CREMER VP STUDENT DEVELOPMENT 40.00 X 150122 0 21483 GREGORY KRIKORIAN VP UNIVERSITY RELATIONS 40.00 X 195000 0 722 DOUGLAS CREMER DEAN 40.00 X 156433 0 22957 ANDRE VAN NIEKERK DEAN 40.00 X 254250 0 25489 SATINDER DHIMAN ASSOCIATE DEAN 40.00 X 169730 0 14345 RANDALL STAUFFER INTERIM PROVOST 40.00 X 168449 0 22270 NORMAN MILLAR DEAN 40.00 X 203564 0 23847 3098277 0 290782 50 0 1 0 BON APPETIT PO BOX 50196 LOS ANGELES CA 900740196 FOOD SERVICE 1076657 S3 BUILDERS PO BOX 11478 BURBANK CA 91510 CONSTRUCTION 830840 247 BUILDING MAINTENANCE 20929 VENTURA BLVD 47-433 WOODLAND HILLS CA 913642334 JANITORIAL 462189 GLOBAL PROTECTIVE SERVICES 24973 W AVE STANFORD VALENCIA CA 91355 SECURITY 448483 ELLUCIAN 62578 COLLECTIONS CTR DR CHICAGO IL 60693 MAINTENANCE & SUPPORT 226319 11 83675 557541 1497219 9521 2138435 TUITION AND FEES 900099 49659557 49659557 PERKINS LOAN INTEREST 900099 34166 34166 49693723 731446 731446 16211571 15394498 817073 817073 817073 31480 83675 124303 -92823 -92823 AUXILIARY ENTERPRISES 611710 1926685 1926685 705334 705334 2632019 55919873 49693723 0 4087715 10743840 10743840 2006284 556955 956567 492762 179390 89695 89695 21203649 18871219 1929330 403100 2808127 2324316 427351 56460 1844036 1543493 236598 63945 1970794 1715708 190707 64379 242598 242598 163342 163342 80376 80376 758728 219273 384739 154716 726779 97793 603410 25576 1331888 598467 670275 63146 892116 613012 263693 15411 2044027 1482640 532819 28568 383849 300096 57431 26322 276532 86033 148750 41749 1079930 1079930 2956374 2956374 276513 276513 RESTRICTED EXPENSE 1340425 1340425 RESIDENTIAL FOOD SERVIC 795100 795100 SECURITY 648560 648560 STUDENT ACTIVITY EXPENS 621245 621245 2221860 1360838 758731 102291 57596362 48045012 8012925 1538425 2025728 14739923 1448409 508425 2017778 1978184 929877 1144602 76502737 30601405 43830237 45901332 20896047 20929365 1954407 1935379 1522882 222882 74625365 87360092 935034 1208206 1457990 1441157 23140000 38500000 356447 53045 4631222 7245947 30520693 48448355 X 35643109 31574725 2669864 1442909 5791699 5894103 44104672 38911737 74625365 87360092 X -1676489 -1845490 -1670956 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 22761926 893219 -944343 172158 22538644 19385220 1350303 2228125 201722 22761926 17055312 545661 1962674 178427 19385220 16732675 869532 -87944 458951 17055312 13484576 1210587 2166207 128695 16732675 0.81160 0.18600 0.00240 1 0 7384774 7384774 57367223 21952203 35415020 8129773 6068569 2061204 3620967 2580633 1040334 45901332 OTHER PAYABLES 641828 ACCRUED PENSION 5267328 BOND INTEREST PAYABLE 802380 STUDENT FUNDS PAYABLE/DEPOSITS 420379 GIFT ANNUITY OBLIGATION 114032 7245947 X 41703514 -1845490 124303 -1721187 43424701 80376 12414796 12495172 55919873 46896449 124303 124303 46772146 80376 10743840 10824216 57596362 PART V, LINE 4: THE UNIVERSITY HAS ADOPTED INVESTMENT AND SPENDING POLICIES FOR ENDOWMENT ASSETS THAT ATTEMPT TO PROVIDE A PREDICTABLE STREAM OF FUNDING TO PROGRAMS SUPPORTED BY ITS ENDOWMENT WHILE SEEKING TO MAINTAIN THE MARKET VALUE AS OF THE DONATION DATE OF THE ENDOWMENT ASSETS. PART X, LINE 2: THE UNIVERSITY HAD NO UNRECOGNIZED TAX BENEFITS AT JUNE 30, 2015 AND 2014. THE UNIVERSITY FILES AN EXEMPT ORGANIZATION RETURN IN THE U.S. FEDERAL JURISDICTION AND WITH THE CALIFORNIA FRANCHISE TAX BOARD. PART XI, LINE 2D - OTHER ADJUSTMENTS: RECLASS SPECIAL EVENT EXPENSE 124,303. PART XI, LINE 4B - OTHER ADJUSTMENTS: CHANGE IN MINIMUM PENSION LIABILITY 1,670,956. EXPENSE RECLASS - FINANCIAL AID 338,840. EXPENSE RECLASS - FUNDED SCHOLARSHIPS 10,405,000. PART XII, LINE 2D - OTHER ADJUSTMENTS: RECLASS SPECIAL EVENT EXPENSE 124,303. PART XII, LINE 4B - OTHER ADJUSTMENTS: EXPENSE RECLASS - FUNDED SCHOLARSHIPS 10,405,000. EXPENSE RECLASS - FINANCIAL AID 338,840. 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 NONDISCRIMINATION POLICY IS STATED IN ALL UNIVERSITY PUBLICATIONS, APPLICATIONS, RECRUITING LITERATURE, CATALOGUES, ETC. IT IS ALSO POSTED PROMINENTLY ON CAMPUS. SCHEDULE E, PART I, LINE 6 THE UNIVERSITY PARTICIPATES IN THE PERKINS LOAN PROGRAM. FASHION SHOW BENEFIT 115155 83675 31480 48346 16655 15372 43930 115155 83675 31480 48346 16655 15372 43930 124303 -92823 1 INSTITUTIONAL STUDENT AID 1079 10405000 FUNDED SCHOLARSHIPS 103 338840 PART I, LINE 2: FOR SCHOLARSHIPS, THE UNIVERSITY'S FINANCIAL AID DEPARTMENT REVIEWS AND MATCHES THE REQUIREMENTS TO THE RECIPIENT. FOR GRANTS, A DIRECTOR FOR THE GRANT AUTHORIZES EXPENDITURES. FOR GOVERNMENT GRANTS, THE UNIVERSITY REVIEWS THE GOVERNMENT'S "DO NOT USE-VENDOR LIST" TO QUALIFY PROSPECTIVE VENDORS. X X X 1 1 X X X X X 0 0 0 0 0 0 0 1 0 LUIS CALINGO PRESIDENT (THRU 02/2015) 317750 0 39682 0 60000 0 27748 0 5922 0 451102 0 0 0 DAVID DAUWALDER INTERIM PRESIDENT, EVP & PROVOST 256245 0 23689 0 24000 0 17232 0 1662 0 322828 0 0 0 KENNETH JONES VP FINANCE & ADMIN 223000 0 16563 0 5923 0 29053 0 5928 0 280467 0 0 0 SHARI GIBBONS CHIEF MARKETING OFFICER 195000 0 17819 0 0 0 12475 0 7089 0 232383 0 0 0 RICHARD NORDIN VP ADVANCEMENT 221986 0 0 0 74449 0 4071 0 5917 0 306423 0 0 0 DONALD ST CLAIR VP ENROLLMENT MGMT 183858 0 0 0 4549 0 19436 0 7122 0 214965 0 0 0 PHYLLIS CREMER VP STUDENT DEVELOPMENT 148622 0 1500 0 0 0 15555 0 5928 0 171605 0 0 0 GREGORY KRIKORIAN VP UNIVERSITY RELATIONS 195000 0 0 0 0 0 0 0 722 0 195722 0 0 0 DOUGLAS CREMER DEAN 153760 0 2673 0 0 0 15873 0 7084 0 179390 0 0 0 ANDRE VAN NIEKERK DEAN 225647 0 4455 0 24148 0 20996 0 4493 0 279739 0 0 0 SATINDER DHIMAN ASSOCIATE DEAN 114409 0 0 0 55321 0 14345 0 0 0 184075 0 0 0 RANDALL STAUFFER INTERIM PROVOST 163994 0 4455 0 0 0 16573 0 5697 0 190719 0 0 0 NORMAN MILLAR DEAN 200000 0 3564 0 0 0 18150 0 5697 0 227411 0 0 0 PART I, LINE 1A THE UNIVERSITY PAYS THE MONTHLY MEMBERSHIP DUES FOR THE SOCIAL CLUBS TO WHICH BOTH DR. CALINGO AND MR. VAN NIEKERK BELONG. THE MEMBERSHIP DUES ARE NOT INCLUDED AS TAXABLE COMPENSATION AS THEY ARE FOR BUSINESS PURPOSES ONLY. A HOUSING ALLOWANCE IS PROVIDED TO THE PRESIDENT AND IS INCLUDED AS TAXABLE COMPENSATION. BUSINESS TRAVEL FOR COMPANIONS IS ALLOWED FOR THE PRESIDENT'S SPOUSE AND IS NOT INCLUDED AS TAXABLE COMPENSATION SINCE SUCH RELATED TRAVEL IS FOR BUSINESS PURPOSES. PART I, LINE 7 BONUSES ARE APPROVED BY THE BOARD OF TRUSTEES AND AWARDED BASED ON MEETING GOALS. A CALIFORNIA MUNICIPAL FINANCE AUTHORITY 201563466 2014-12-23 38403740 CONSTRUCTION AND REMODELING OF BUILDINGS 0 0 0 A 38403740 508921 632172 175577 23434107 534540 13118423 1 1 0 1 A 0 0 0 0 1 0 1 A 0 0 0 0 0 0 0 0 1 A 1 SCH K, PART II, COLUMN A, LINE 3, TOTAL PROCEEDS OF ISSUE PROCEEDS USED TO CURRENTLY REFUND PRIOR ISSUE 1/11/06 $15,199,000; PROCEEDS USED TO ADVANCE REFUND PRIOR ISSUE 2/27/07 $6,377,271; NONREFUNDING PROCEEDS OF ISSUE (NET BOND ISSUANCE COSTS OF $632,172) $16,195,297. SCH K, PART II, COLUMN A, LINE 11, OTHER SPENT FUNDS OTHER SPENT FUNDS REPRESENT REFUNDED BONDS ISSUANCE COSTS. SCH K, PART II, COLUMN A, LINE 13, SUBSTANTIAL COMPLETION IN 2008, SUBSTANTIAL COMPLETION WAS DONE RELATING TO BONDS REFUNDED IN FYE 6/30/15 (SEE COMMENT REGARDING PART II, COLUMN A LINE 3). OUTSTANDING PROCEEDS FROM NONREFUNDING PROCEEDS FOR CONSTRUCTION/BUILDING IS $13,118,423. DOUGLAS CREMER FAMILY RELATIONSHIP WITH PHYLLIS CREMER (VP STUDENT DEVELOPMENT) 179390 DOUGLAS CREMER RECEIVED WAGES AS AN EMPLOYEE. 0 FORM 990, PART VI, SECTION B, LINE 11 A COPY OF FORM 990 IS PRESENTED, REVIEWED, AND APPROVED BY THE BOARD OF TRUSTEES-FINANCE COMMITTEE. OUR FORM 990 IS AVAILABLE FOR REVIEW OR COPY GIVEN TO ANY TRUSTEE REQUESTING IT. FORM 990, PART VI, SECTION B, LINE 12C ON AN ANNUAL BASIS, BOTH THE BOARD OF TRUSTEES AND EXECUTIVE MANAGEMENT PREPARE CONFLICT OF INTEREST TRANSACTION FORMS, AND ANY IMPROPER TRANSACTIONS ARE IDENTIFIED. FORM 990, PART VI, SECTION B, LINE 15 THE UNIVERSITY'S COMPENSATION POLICY IS DESIGNED TO PROVIDE EQUITABLE COMPENSATION TO EACH EMPLOYEE REFLECTIVE OF THE DUTIES AND RESPONSIBILITIES OF HIS/HER POSITION; TO MAINTAIN AN EQUITABLE RELATIONSHIP BETWEEN SALARIES PAID BY THE UNIVERSITY AND THOSE PAID EXTERNALLY FOR COMPARABLE OCCUPATIONAL GROUPS; TO REWARD EMPLOYEES ON THE BASIS OF PERFORMANCE AND LENGTH OF SERVICE, ETC. IN ORDER TO ACHIEVE THESE OBJECTIVES, THE PROGRAM CONSISTS OF POSITION DESCRIPTIONS THAT DEFINE THE CONTENT OF EACH POSITION, A COMPETITIVE SALARY STRUCTURE THAT TAKES INTO ACCOUNT WHAT OTHER ORGANIZATIONS PAY FOR SIMILAR WORK, POSITION EVALUATIONS THAT PLACE POSITIONS INTO APPROPRIATE SALARY GRADES WITHIN THE SALARY STRUCTURE, AND SALARY PLANNING THAT PROVIDES THE BASIS FOR SALARY INCREASES TO RECOGNIZE PERFORMANCE AND SALARY MOVEMENT IN THE EXTERNAL MARKETPLACE. PRESIDENT'S COMPENSATION - THE UNIVERSITY'S BOARD OF TRUSTEES ANNUALLY REVIEWS THE PRESIDENT'S COMPENSATION PACKAGE. THEIR REVIEW IS BASED ON THE STUDY OF COMPARATIVE SALARY AND BENEFITS DATA FOR PRESIDENTS AT COMPARABLE INDEPENDENT COLLEGES AND UNIVERSITIES IN CALIFORNIA. THE MOST RECENT REVIEW OCCURRED DURING 2013 AND BECAME EFFECTIVE JULY 1, 2013. BECAUSE INSTITUTIONS ARE PLACED IN CATEGORIES DEPENDENT ON INSTITUTIONAL CHARACTERISTICS THAT INCLUDE ENROLLMENT, ENDOWMENT, NUMBERS OF FULL-TIME FACULTY, REVENUE BUDGET, ETC., THE BOARD DETERMINES ITS DECISION BY STUDYING NOT ONLY THOSE INSTITUTIONS IN THE SAME CATEGORY AS WOODBURY (GROUP IVA) BUT ALSO THOSE IN GROUP III, GROUPS II-B AND II-A. THE BOARD ALSO EXERCISES FINAL AUTHORITY IN TERMS OF ANY ACROSS-THE-BOARD CPI INCREASES AND/OR CHANGES TO THE BENEFITS PACKAGE. TOP MANAGEMENT, OFFICERS & KEY EMPLOYEES - THE SALARY ADMINISTRATION OBJECTIVES NOTED IN THE INITIAL PARAGRAPH ABOVE UTILIZE A POINT-RATING JOB CLASSIFICATION SYSTEM THAT DETERMINES THE RELATIVE VALUE OF ALL POSITIONS. THE CLASSIFICATION SYSTEM DEFINES THOSE CHARACTERISTICS OF "FACTORS" THAT ARE PRESENT IN ALL POSITIONS EVALUATED WITHIN THE SYSTEM. THE DEGREE TO WHICH EACH "FACTOR" IS PRESENT IN A GIVEN JOB IS DETERMINED AND A POINT VALUE IS ASSIGNED TO EACH FACTOR. THE SUM OF THESE POINT VALUES DETERMINES THE POSITION GRADE THAT RESPONDS TO A SALARY STRUCTURE TO ENSURE EQUITY. THE UNIVERSITY RECOGNIZES THE NEED FOR INDIVIDUALIZED SALARY "STUDIES" FOR SEVERAL TOP MANAGEMENT POSITIONS WHOSE GRADE ASSIGNMENT COMPRISES THE UPPER LEVELS OF THE GRADE STRUCTURE. IN SUCH INSTANCES, SALARIES WITHIN THE SALARY STRUCTURE THAT ARE BELOW MARKET AND THAT ARE REQUIRED TO ATTRACT AND RETAIN QUALIFIED PERSONNEL WHO CAN PERFORM THE TASKS NECESSARY FOR THE SUCCESSFUL OPERATION OF THE UNIVERSITY ARE REVIEWED BY POSITION USING THE SAME CRITERIA AS THE BOARD UTILIZES FOR REVIEW OF THE PRESIDENT'S COMPENSATION PACKAGE. ALL FULL-TIME FACULTY, INCLUDING FULL-TIME LIBRARIANS, ARE COMPENSATED BASED ON ASSIGNED RANK ACCORDING TO A SET OF CRITERIA DEFINED IN THE FACULTY HANDBOOK. THESE CRITERIA COVER EDUCATIONAL REQUIREMENTS, TEACHING EXPERIENCE, PROFESSIONAL DEVELOPMENT AND COMMUNITY SERVICE. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: CHANGE IN MINIMUM PENSION LIABILITY -1,670,956.