2016-05-16T21:05:01-05:00 2015-06-30 Grant Thornton LLP 515 S Flower Street 7th Floor Los Angeles CA 90071 990 2014-07-01 860105586 Thunderbird School of Global Management % JOANNE WAMSLEY THUN 6029787142 1 Global Place Glendale AZ 85306 JOANNE WAMSLEY VP & ASST TREASURER 4089658972 2016-05-16 true Rosemarie Brown P01278077 2136271717 2014 2016-08-17 19:52:53Z Joanne Wamsley 1 Global Place Glendale AZ 85306 35482290 false X www.thunderbird.edu X 1946 AZ TO EDUCATE GLOBAL LEADERS WHO CREATE SUSTAINABLE PROSPERITY WORLDWIDE. 8 0 455 16 982667 16961 1792667 678148 58000982 31900390 1734621 22954 0 2770589 61528270 35372081 8006940 3986667 0 0 29985605 10980393 0 0 392873 26225061 19931641 64217606 34898701 -2689336 473380 79145031 60586664 44375387 8495486 34769644 52091178 X TO EDUCATE GLOBAL LEADERS WHO CREATE SUSTAINABLE PROSPERITY WORLDWIDE. false true 22796858 3986667 32711266 Provided an education to approximately 600 degree seeking students and 2,600 executive education students. 22796858 true true false false false false false true false true true false false true true false false true true true true false true false false false false false true true false false false false false false true false false false false false true true true true false false true X 130 0 true 455 true true true true SZ RS KZ CH false false false false false false false false X 8 0 false false true false false true false true true false false true true true true true true true false true true AZ X JOANNE WAMSLEY 4809658972 1 GLOBAL PLACE Glendale AZ 85306 X Ann Iverson Chairman - CYPT 2.0 0.0 X X 0 0 0 Sam Garvin Vice Chairman - CYPT 2.0 0.0 X X 0 0 0 David Lincoln Vice Chairman - CYPT 2.0 0.0 X X 0 0 0 Clara Lovett Vice Chairman - CYPT 2.0 0.0 X X 0 0 0 Teresa McCaslin Vice Chairman - CYPT 2.0 0.0 X X 0 0 0 James McClung Vice Chairman - CYPT 2.0 0.0 X X 0 0 0 Mike Hecomovich Vice Chairman - CYPT 2.0 0.0 X X 0 0 0 Kelly O'Dea Vice Chairman - CYPT 2.0 0.0 X X 0 0 0 MICHAEL CROW CHAIRMAN OF THE BOARD 2.0 0.0 X X 0 0 0 JOSE CARDENAS SECRETARY 2.0 0.0 X X 0 0 0 MORGAN OLSEN TREASURER 2.0 0.0 X X 0 0 0 RICHARD H STANLEY TRUSTEE 2.0 0.0 X 0 0 0 SETHURAMAN PANCHANATHAN TRUSTEE 2.0 0.0 X 0 0 0 MARK SEALE TRUSTEE 2.0 0.0 X 0 0 0 JIM O'BRIEN TRUSTEE 2.0 0.0 X 0 0 0 ROB PAGE TRUSTEE 2.0 0.0 X 0 0 0 SUSAN STEVENS VICE CHAIRMAN - CYPT 2.0 0.0 X X 0 0 0 Larry Penley PRESIDENT - CYPT 40.0 0.0 X 439849 0 41284 Dennis Baltzley SR. VICE PRESIDENT - CYPT 40.0 0.0 X 442636 0 24489 Jason Bryant ASSOC. VP, ADMISSIONS - CYPT 40.0 0.0 X 111928 0 8931 Dale Davison DEAN OF FACULTY - CYPT 40.0 0.0 X 299525 0 47149 RICHARD FRANKE VP, FINANCE - CYPT 40.0 0.0 X 147906 0 10715 Whitney Fulton ASSIST. VP, INSTIT. ADV - CYPT 40.0 0.0 X 103224 0 5284 Guy Groff ASSOC. VP, CMC - CYPT 40.0 0.0 X 154222 0 12242 Jim Harnden CHIEF INFO. OFFICER - CYPT 40.0 0.0 X 157484 0 23920 Rebecca Henriksen VICE PRESIDENT - CYPT 40.0 0.0 X 197947 0 22926 Peter Hill COO - CYPT 40.0 0.0 X 293744 0 40789 Kellie Kreiser ASSIST VP THUNDERBIRD - CYPT 40.0 0.0 X 104680 0 5300 Chelsea Oyen CORPORATE SECRETARY - CYPT 40.0 0.0 X 139814 0 17477 James Scott ASSOC. VP, ACADEMIC OPS - CYPT 40.0 0.0 X 104721 0 5102 Andrew Stringer VP, HUMAN RESOURCES - CYPT 40.0 0.0 X 155709 0 21019 JOANNE WAMSLEY assistant treasurer 2.0 0.0 X 0 0 0 Andrew Inkpen Professor - CYPT 40.0 0.0 X 724345 0 64648 Mansour Javidan Professor - CYPT 40.0 0.0 X 641975 0 48818 Kannan Ramaswamy Professor - CYPT 40.0 0.0 X 524833 0 53523 Sundaresan Ram PROFESSOR - CYPT 40.0 0.0 X 501632 0 28203 Karen Brown PROFESSOR - CYPT 40.0 0.0 X 490715 0 34199 5736889 0 516018 80 false true false SNELL WILMER One arizona Center PHOENIX AZ 85004 LEGAL 2939008 CROTHALL SERVICES GROUP 13028 COLLECTIONS CTR DR CHICAGO IL 60693 SECURITY&MAINTENANCE 1877315 COOLEY LLP 101 CALIFORNIA STREET 5TH FL SAN FRANCISCO CA 94111 LEGAL 811798 FLIK INTERNATIONAL 3 INTERNATIONAL DRIVE 2ND FL RYE BROOK NY 10573 FACILITY 587030 GLOBAL STRATEGY GROUP LLC 895 BROADWAY 5TH FL NEW YORK NY 10003 CONSULTING 239670 8 678148 678148 PROGRAM REVENUE 900099 31900390 30917723 982667 31900390 18475 18475 0 0 0 0 0 114688 110209 4479 4479 4479 0 0 0 CANCELLATION OF DEBT 900099 3232588 3232588 FOREIGN EXCHANGE GAIN/LOSS 900099 -461999 -461999 2770589 35372081 33688312 982667 22954 0 3809328 3809328 177339 177339 0 2580998 2580998 0 6623928 5013687 1425615 184626 226037 162261 57444 6332 1010723 497704 488436 24583 538707 246421 280784 11502 98763 98763 1880990 2089 1878901 235978 1300 234678 0 0 0 336718 184261 152457 429004 303411 125593 95382 74921 17797 2664 451 451 0 1064920 1064920 76172 58569 17533 70 0 0 144647 144647 0 3581769 83301 3498468 926091 781282 144809 PROGRAM/PROJECT EXPENSES 8445692 8445692 BOOKS, DUES AND SUBSCRIPTIONS 126538 111930 14608 OTHER EXPENSES 2488526 944432 1525807 18287 34898701 22796858 11708970 392873 5666862 2850085 191828 0 151846 0 4447627 2105414 0 0 0 0 4944033 0 0 0 613059 621214 91229974 63181575 31623944 28048399 28659527 22710702 0 0 0 0 0 0 2846305 4250850 79145031 60586664 5915618 1815708 0 0 4276701 1306355 0 0 0 0 0 0 24042275 0 0 0 10140793 5373423 44375387 8495486 X 8194126 52069874 8906842 20854 17668676 450 34769644 52091178 79145031 60586664 X 473380 16848154 X X false true X false true true X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 149041 129690 X X X for future sale false 28035221 500000 -193416 6164097 22177708 24286529 521074 3632382 60696 184583 159485 28035221 26643817 1687672 2342430 21656 6211940 153794 24286529 18797689 8381885 60000 295957 176308 123492 26643817 14571499 1957026 634482 55047 93261 74954 16939745 1.00000 true false 0 819743 819743 0 58320032 33825070 24494962 0 20581557 19552426 1029131 0 11508642 9804079 1704563 28048399 OTHER ASSETS -110993 NOTES AND STUDENT LOANS 4361843 4250850 0 ADVANCES FROM FED GOVT AND OTHERS 5373423 5373423 Description of organization's collections and how it furthers its purpose Schedule D, Part III, Line 4: Donations of art - some of which were held per donors' intent and some of which were held for sale. INTENDED USES OF ENDOWMENT FUNDS Schedule D, Part V, Line 4: The school intends to use the investment return and corpus of the endowment to support the school's annual operating expenses. true true true true true true true false false false false false false false false true false true Publication of Racially Nondiscriminatory Policy Schedule E, Part I, Line 3: Thunderbird publicizes its racially nondiscriminatory policy annually in the school's bulletin. false Europe (Including Iceland and Greenland) 1 Grantmaking Education 2318 South America Grantmaking Education 8300 South Asia Grantmaking Education 7000 Russia and the Newly Independent States 2 1 Program Services Education 118739 Central America and the Caribbean Program Services Education 2318 Middle East and North Africa Program Services Education 50604 North America Grantmaking Education 159721 3 1 3 1 349000 349000 scholarships to students South America 2 8300 check scholarships to students Central America and the Caribbean 1 2318 check scholarships to students South Asia 2 7000 check SCHOLARSHIPS TO STUDENTS North America 34 159721 CHECK false false true true true true Process for Monitoring Grants Outside the United States Schedule F, Part I, Line 2: Thunderbird awards scholarships to competitive applicants who demonstrate a high level of academic credentials and evidence that they meet specific criteria associated with a specific award. true Scholarships to Students 506 3809328 Process for Monitoring Use of Grant Funds in the United States: SCHEDULE I, PART I, LINE 2: THUNDERBIRD AWARDS SCHOLARSHIPS TO COMPETITIVE APPLICANTS WHO DEMONSTRATE A HIGH LEVEL OF ACADEMIC CREDENTIALS AND EVIDENCE THAT THEY MEET SPECIFIC CRITERIA ASSOCIATED WITH A SPECIFIC AWARD. THUNDERBIRD AWARDS SCHOLARSHIPS TO STUDENTS FROM EVERY CONTINENT OF THE WORLD. X X X X true false false false false false false false false Larry Penley PRESIDENT - CYPT 439849 0 0 0 0 0 36000 0 5284 0 481133 0 0 0 Dennis Baltzley SR. VICE PRESIDENT - CYPT 442636 0 0 0 0 0 11700 0 12789 0 467125 0 0 0 Dale Davison DEAN OF FACULTY - CYPT 299525 0 0 0 0 0 31076 0 16073 0 346674 0 0 0 RICHARD FRANKE VP, FINANCE - CYPT 147906 0 0 0 0 0 0 0 10715 0 158621 0 0 0 Guy Groff ASSOC. VP, CMC - CYPT 154222 0 0 0 0 0 6958 0 5284 0 166464 0 0 0 Jim Harnden CHIEF INFO. OFFICER - CYPT 157484 0 0 0 0 0 7847 0 16073 0 181404 0 0 0 Rebecca Henriksen VICE PRESIDENT - CYPT 197947 0 0 0 0 0 9844 0 13082 0 220873 0 0 0 Peter Hill COO - CYPT 293744 0 0 0 0 0 27707 0 13082 0 334533 0 0 0 Chelsea Oyen CORPORATE SECRETARY - CYPT 139814 0 0 0 0 0 6512 0 10965 0 157291 0 0 0 Andrew Stringer VP, HUMAN RESOURCES - CYPT 155709 0 0 0 0 0 7937 0 13082 0 176728 0 0 0 Andrew Inkpen Professor - CYPT 724345 0 0 0 0 0 51879 0 12769 0 788993 0 0 0 Mansour Javidan Professor - CYPT 641975 0 0 0 0 0 32745 0 16073 0 690793 0 0 0 Kannan Ramaswamy Professor - CYPT 524833 0 0 0 0 0 34339 0 19184 0 578356 0 0 0 Sundaresan Ram PROFESSOR - CYPT 501632 0 0 0 0 0 28203 0 0 0 529835 0 0 0 Karen Brown PROFESSOR - CYPT 490715 0 0 0 0 0 29048 0 5151 0 524914 0 0 0 SEVERANCE PAYMENTS SCHEDULE J, PART 1, LINE 4A: SEVERAL INDIVIDUALS RECEIVED SEVERANCE PAYMENTS UPON THEIR DEPARTURE. AMOUNTS WERE BASED ON YEARS OF SERVICE WITH THE ORGANIZATION. Karine Baltzley Wife of Dennis Baltzley 16940 consulting false Significant changes Form 990, Part III, Line 3: On December 30, 2015, Arizona State University (ASU), a governmental unit of the State of Arizona, was granted the right to appoint the members of the Thunderbird School of Global Management Board as part of a larger integration of Thunderbird into the ASU knowledge enterprise. In conjunction with the integration, continuing Thunderbird faculty and staff became ASU employees and ASU assumed responsibility to teach-out Thunderbird students. All Thunderbird students completing degree requirements prior to December 31, 2015, will be able to receive a Thunderbird diploma and degree. The Thunderbird School of Global Management continues to hold all physical assets of the campus, to provide executive education, and to provide educational support services in furtherance of its mission to educate global leaders who create sustainable prosperity worldwide. Power to elect or appoint members of the governing body Form 990, Part VI, Section A, Line 7A: ON DECEMBER 30, 2015, ARIZONA STATE UNIVERSITY (ASU), A GOVERNMENTAL UNIT OF THE STATE OF ARIZONA, WAS GRANTED THE RIGHT TO APPOINT THE MEMBERS OF THE THUNDERBIRD SCHOOL OF GLOBAL MANAGEMENT BOARD AS PART OF A LARGER INTEGRATION OF THUNDERBIRD INTO THE ASU KNOWLEDGE ENTERPRISE. Form 990 Review Process Form 990, Part VI, Section B, Line 11b: The Form 990 was reviewed by the vice president and Assistant Treasurer and a copy of the Form 990 was provided to all Trustees. Monitoring and Enforcement of Conflict of Interest Policy Form 990, Part VI, Section B, Line 12c: On an annual basis, the school distributes a conflict of interest acknowledgment to each officer, trustee, and key employee of the school. The acknowledgment describes the school's conflict of interest policy and provides an opportunity for the person to disclose any interest that could give rise to a conflict of interest. Each person is required to return the acknowledgment signed, to affirm that they have received, read and understood, and agreed to comply with the policy. In addition to the signed acknowledgment, the school consistently reviews all financial transactions to identify and resolve potential conflicts. Process for Determining Compensation of Top Executive Form 990, Part VI, Section B, Line 15a: The senior executive compensation subcommittee of the executive committee of the Board of Trustees is responsible for the review and evaluation of the compensation of the President and directly reports and makes specific recommendations to the Chairman and the executive committee on the President's annual compensation. The subcommittee uses external comparability assessments developed by an independent consultant to assist in this process as well as performance evaluations of the President by the Trustees. The executive committee of the Board reviews and approves the President's compensation annually. The executive committee's review is conducted by independent Trustees and contemporaneous records of the proceedings are maintained. Governing documents available to public Form 990, Part VI, Section C, Line 19: Governing documents, conflict of interest policy, and IRS Form 990 are available upon request. Net assets or fund balances Form 990, Part XI, Line 9: Pledge Write-offs $(151,846) equity interest from ASU $17,000,000 TOTAL $16,848,154 AS PART OF A LARGER INTEGRATION OF THUNDERBIRD INTO THE ASU KNOWLEDGE ENTERPRISE, ASU RECOGNIZED A $17 MILLION EQUITY INTEREST IN CONSIDERATION OF THE BENEFITS TO BE REALIZED FROM THE INTEGRATION. FORM 990, PART XII, LINE 2C: THE THUNDERBIRD BOARD APPROVED CONTINUED USE OF GRANT THORNTON AS THUNDERBIRD'S AUDIT FIRM AND THE AUDIT WAS MANAGED BY ASU EMPLOYEES. THE AUDIT REPORT WAS REVIEWED BY AND PRESENTED TO THE THUNDERBIRD VICE PRESIDENT AND ASSISTANT TREASURER. 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