2015-06-12T16:33:00-05:00 2014-07-31 941254756 HOOD & STRONG LLP 100 FIRST STREET 14TH FLOOR SAN FRANCISCO CA 94105 990 2013-08-01 942340692 PALO ALTO UNIVERSITY INC PALO 8008186136 1791 ARASTRADERO ROAD PALO ALTO CA 94304 JUNE KLEIN VP BUSINESS AFFAIRS & CFO 8008186136 2015-06-12 1 MAGA E KISRIEV P01008919 4157810793 2013 2016-02-25 16:41:14Z ALLEN CALVIN 1791 ARASTRADERO ROAD PALO ALTO CA 94304 27944840 0 X WWW.PALOALTOU.EDU X 1975 CA TO PROVIDE UNDERGRADUATE AND GRADUATE LEVEL EDUCATION IN THE FIELD OF PSYCHOLOGY. 36 34 452 37 0 0 1962377 1298645 24359471 26532654 12303 14867 0 0 26334151 27846166 1643143 1231758 0 0 14231981 16046666 0 0 199551 10352950 10426169 26228074 27704593 106077 141573 21536933 23062720 8496065 9881444 13040868 13181276 X PALO ALTO UNIVERSITY (PAU) IS A DIVERSE AND DYNAMIC COMMUNITY DEDICATED TO EDUCATION WITH AN EMPHASIS IN THE BEHAVIORAL AND SOCIAL SCIENCES, TO PROMOTING FUTURE INNOVATORS AND LEADERS FOR THE BENEFIT OF SOCIETY; TO GENERATING KNOWLEDGE THROUGH RESEARCH AND SCHOLARSHIP OF THE HIGHEST LEVEL; AND TO PROVIDING SERVICES TO THE COMMUNITY INFORMED BY SCIENCE AND SCHOLARSHIP. 0 0 10348184 493425 8136444 PAU MASTERS AND UNDERGRADUATE PROGRAMS-PAU WAS GRANTED WASC ACCREDITATION FOR A DISTANCE EDUCATION M.S. IN PSYCHOLOGY DEGREE PROGRAM IN 2000. THE M.S. IN PSYCHOLOGY IS PRIMARILY A PREPARATORY PROGRAM FOR STUDENTS SEEKING ENTRANCE TO THE PH.D. PROGRAM. WASC ACCREDITED THE PAU M.A. IN MENTAL HEALTH COUNSELING DISTANCE EDUCATION PROGRAM IN 2009, AS WELL AS ONSITE AND DISTANCE EDUCATION PROGRAMS LEADING TO AN M.A. IN COUNSELING OR IN COUNSELING PSYCHOLOGY IN 2011. PAU ONSITE MASTERS DEGREE PROGRAMS ARE OFFERED AT THE MAIN CAMPUS AND THE GRONOWSKI CENTER FACILITY IN PALO ALTO, AS WELL AS, THROUGH COOPERATIVE AGREEMENT, AT CABRILLO COLLEGE CAMPUS IN SCOTTS VALLEY AND THE COLLEGE OF SAN MATEO IN SAN MATEO.PAU WAS GRANTED WASC APPROVAL FOR A BACHELOR OF SCIENCE IN PSYCHOLOGY AND SOCIAL ACTION ONSITE DEGREE PROGRAM IN 2006, FOLLOWED BY A BACHELOR OF SCIENCE IN BUSINESS PSYCHOLOGY ONSITE PROGRAM IN 2009. BOTH PROGRAMS ARE TWO-YEAR DEGREE COMPLETION PROGRAMS AND REQUIRE ENTERING STUDENTS TO HAVE COMPLETED FRESHMAN AND SOPHOMORE GENERAL EDUCATION REQUIREMENTS AND ANOTHER ACCREDITED INSTITUTION. IN 2011, WASC GRANTED APPROVAL FOR DISTANCE EDUCATION VERSIONS OF BOTH UNDERGRADUATE PROGRAMS. PAU UNDERGRADUATE PROGRAMS UTILIZE THE MAIN CAMPUS AND THE GRONOWSKI CENTER FACILITY IN PALO ALTO, AND, VIA COOPERATIVE AGREEMENTS WITH LOCAL COMMUNITY COLLEGES, CAMPUSES AT DE ANZA COLLEGE IN CUPERTINO, FOOTHILL COLLEGE IN LOS ALTO HILLS, AND THE COLLEGE OF SAN MATEO IN SAN MATEO.DURING 13-14, THE MA COUNSELING PROGRAM INCREASED THE NUMBER OF ENROLLED STUDENTS BY 133 AND THOSE WHO WITHDREW BY 14. THE OVERALL WITHDRAWAL PERCENTAGE DECREASED BY 3.5%. DURING 13-14, THE MS PSYCHOLOGY PROGRAM INCREASED THE NUMBER OF ENROLLED STUDENTS BY 22 AND THOSE WHO WITHDREW BY 5. THE OVERALL WITHDRAWAL PERCENTAGE DECREASED BY 4%. DURING 13-14, THE BS PSYCHOLOGY AND SOCIAL ACTION PROGRAM INCREASED THE NUMBER OF ENROLLED STUDENTS BY 54 AND THOSE WHO WITHDREW BY 8 THE OVERALL WITHDRAWAL PERCENTAGE DECREASED BY 1.3%. DURING 13-14, THE BS BUSINESS PSYCHOLOGY PROGRAM INCREASED THE NUMBER OF ENROLLED STUDENTS BY 34 AND THOSE WHO WITHDREW BY 2 THE OVERALL WITHDRAWAL PERCENTAGE DECREASED BY 1%. 5309470 477332 12993358 PHD CLINICAL PSYCHOLOGY - THE UNIVERSITY HAS OFFERED A FIVE-YEAR, ONSITE PH.D. GRADUATE PROGRAM IN CLINICAL PSYCHOLOGY SINCE 1975. THE PH.D. PROGRAM WAS ACCREDITED BY THE AMERICAN PSYCHOLOGICAL ASSOCIATION (APA) IN 1988 AND RE-ACCREDITED BY APA AS RECENTLY AS MAY 2013. IN 1997 WASC APPROVED A JD-PH.D. JOINT DEGREE PROGRAM IN PSYCHOLOGY AND LAW, OFFERED IN COLLABORATION WITH GOLDEN GATE UNIVERSITY.DURING 13-14, THE PAU DOCTORAL PROGRAM INCREASED THE NUMBER OF ENROLLED STUDENTS BY 82 AND THOSE WHO WITHDREW BY 2. THE OVERALL WITHDRAWAL PERCENTAGE DECREASED BY 2.4%. ADDITIONAL OUTCOMES DATA IS REPORTED ANNUALLY TO WASC, THE DEPARTMENT OF EDUCATION, THE AMERICAN PSYCHOLOGICAL ASSOCIATION, AND OTHER INSTITUTIONS. 3750667 261001 5207937 PSYD CLINICAL PSYCHOLOGY - PAU OFFERS A FIVE-YEAR ONSITE DOCTORAL PROGRAM IN CLINICAL PSYCHOLOGY, LEADING TO A DOCTOR OF PSYCHOLOGY DEGREE (PSY.D.), WAS APPROVED BY WASC IN 2002. THIS PROGRAM IS IMPLEMENTED IN COLLABORATION WITH THE STANFORD SCHOOL OF MEDICINE DEPARTMENT OF PSYCHIATRY AND BEHAVIORAL SCIENCES. THE PROGRAM, THE PGSP-STANFORD PSY.D. CONSORTIUM, WAS FIRST ACCREDITED BY APA IN 2006 AND WAS RECENTLY REACCREDITED IN 2013 BY APA FOR SEVEN YEARS.DURING 13-14, THE PAU DOCTORAL PROGRAM INCREASED THE NUMBER OF ENROLLED STUDENTS BY 32 AND DID NOT HAVE ANY WITHDRAWALS. ADDITIONAL OUTCOMES DATA IS REPORTED ANNUALLY TO WASC, THE DEPARTMENT OF EDUCATION, THE AMERICAN PSYCHOLOGICAL ASSOCIATION AND OTHER INSTITUTIONS. 1238323 194915 GRONOWSKI CENTER -THE GRONOWSKI CENTER IS A PSYCHOLOGY TRAINING CLINIC DEDICATED TO PROVIDING COMPASSIONATE COUNSELING, SYCHOTHERAPY AND ASSESSMENT SERVICES TO ADULTS, OLDER ADULTS, COUPLES, ADOLESCENTS, CHILDREN AND FAMILIES IN SANTA CLARA COUNTY AND SAN MATEO COUNTY.THE CLINIC OFFERS SERVICES ON A SLIDING SCALE BASIS AS A PART OF ITS COMMUNITY MISSION. SERVICES ARE PROVIDED BY DOCTORAL LEVEL PSYCHOLOGY STUDENTS UNDER THE SUPERVISION OF LICENSED PSYCHOLOGISTS. 1238323 194915 20646644 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 47 0 1 452 1 0 0 0 0 0 0 0 0 0 0 0 X 36 34 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CA X X JUNE KLEIN 8008186136 1791 ARASTRADERO ROAD PALO ALTO CA 94304 CAROLYN J CLINE MD PHD TRUSTEE 3.00 0.00 X 0 0 0 NICHOLAS C COCHRAN TRUSTEE 3.00 0.00 X 0 0 0 MARTIN H DODD TRUSTEE 3.00 0.00 X 0 0 0 DERRICK FELTON TRUSTEE 3.00 0.00 X 0 0 0 RITA DESALES FRENCH PHD TRUSTEE 3.00 0.00 X 0 0 0 JEFF GEE TRUSTEE 3.00 0.00 X 0 0 0 BERTON KEITH TRUSTEE 3.00 0.00 X 0 0 0 MICHAEL J KERNER PHD TRUSTEE 3.00 0.00 X 0 0 0 LESLIE R KOONCE TRUSTEE 3.00 0.00 X 0 0 0 IRIS KOROL TRUSTEE 3.00 0.00 X 0 0 0 DANIEL KOSTENBAUDER TRUSTEE 3.00 0.00 X 0 0 0 JOHN KRUMBOLTZ PHD TRUSTEE 3.00 0.00 X 0 0 0 MATT LEVINE TRUSTEE 3.00 0.00 X 0 0 0 JOSE R LLANES PHD TRUSTEE 3.00 0.00 X 0 0 0 MARILYN LONERGAN TRUSTEE 3.00 0.00 X 0 0 0 RICHARD LONERGAN TRUSTEE 3.00 0.00 X 0 0 0 THOMAS A MACCALLA EDD TRUSTEE 3.00 0.00 X 0 0 0 NAS MOTAYAR PHD TRUSTEE 3.00 0.00 X 0 0 0 FRED NERVO TRUSTEE 3.00 0.00 X 0 0 0 RAQUEL H NEWMAN EDD TRUSTEE 3.00 0.00 X 0 0 0 ISRAEL NIV PHD TRUSTEE 3.00 0.00 X 0 0 0 JENNIFER OTHWEIN PHD JD TRUSTEE 3.00 0.00 X 0 0 0 JAMES R OTIENO TRUSTEE 3.00 0.00 X 0 0 0 RABBI STEPHEN S PEARCE PHD TRUSTEE 3.00 0.00 X 0 0 0 KATHRYN PRYOR PHD TRUSTEE 3.00 0.00 X 0 0 0 GORDON RAUSSER PHD TRUSTEE 3.00 0.00 X 0 0 0 LAURA W ROBERTS MA TRUSTEE 3.00 0.00 X 0 0 0 ALAN F SCATZBERG MD TRUSTEE 3.00 0.00 X 0 0 0 FRED R SEDDIQUI TRUSTEE 3.00 0.00 X 0 0 0 GARY J SHAPIRO JD TRUSTEE 3.00 0.00 X 0 0 0 ELLEN L SHUCK TRUSTEE 3.00 0.00 X 0 0 0 RT REV WILLIAM E SWING TRUSTEE 3.00 0.00 X 0 0 0 RALPH WOLFF TRUSTEE 3.00 0.00 X 0 0 0 JORGE WONG TRUSTEE 3.00 0.00 X 0 0 0 TOM YEH TRUSTEE 3.00 0.00 X 0 0 0 ALLEN CALVIN PRESIDENT 40.00 0.00 X X 447359 0 183071 WILLIAM FROMING PROVOST 40.00 0.00 X 288867 0 24827 JUNE KLEIN VP BUSINESS AFFAIRS/ CFO 40.00 0.00 X 198997 0 24014 ELIZABETH HILT VP STUDENT SERVICES 40.00 0.00 X 138322 0 19299 LULI EMMONS VP OFFICE OF PROFESSIONAL ADVISING AND DEVELOPMENT 40.00 0.00 X 167933 0 24106 ROBERT RUSSELL PROFESSOR 40.00 0.00 X 258336 0 24606 RICARDO MUNOZ PROFESSOR 40.00 0.00 X 250832 0 14366 JAMES BRECKENRIDGE DEAN 40.00 0.00 X 223350 0 13507 KIMBERLY BALSAM ASSOCIATE PROFESSOR 40.00 0.00 X 218163 0 16567 LEONARD BECKUM PROFESSOR 40.00 0.00 X 193619 0 21133 2385778 0 365496 33 0 1 0 STANFORD UNIVERSITY 401 QUARRY ROAD RM 3213 STANFORD CA 94305 CONSORTIUM 2552014 BECKER MEDIA 2633 TELEGRAPH AVE OAKLAND CA 94612 MARKETING CONSULTING 384938 SMALLMAN CONSTRUCTION & ELECTRIC 299 OLD COUNTY ROAD SUITE 25 SAN CARLOS CA 94070 CONSTRUCTION & ELECTRIC 309865 OFFICE TEAM PO BOX 743295 LOS ANGELES CA 90074 TEMP AGENCY SERVICES 188837 REGENTS OF THE UNIVERSITY OF CALIFORNIA 1855 FOLSOM STREET MCB 425 SAN FRANCISCO CA 94143 CONSULTING 154729 13 1019143 279502 14514 1298645 TUITION 611600 22637421 22637421 COURSE FEES 611600 3573260 3573260 OTHER PROGRAM INCOME 611710 321973 321973 26532654 6788 6788 106753 98674 8079 8079 8079 27846166 26532654 0 14867 1231758 1231758 2751273 1897832 853441 11360629 9521808 1723470 115351 520019 407040 107178 5801 480737 361007 113151 6579 934008 776965 147713 9330 1304670 703788 590176 10706 137186 137186 109800 109800 634638 559882 71096 3660 145887 88555 56648 684 164978 126173 33881 4924 793193 209128 584065 433062 287779 142540 2743 199899 121065 65710 13124 580062 70768 509294 190525 190525 CONSORTIUM PAYMENTS 2887416 2887416 MEALS AND ENTERTAINMENT 355460 210899 139924 4637 ACK. & COMMUNITY RELATI 331125 107366 223611 148 TEMPORARY AGENCIES 279310 206881 72429 0 1878958 870534 986560 21864 27704593 20646644 6858398 199551 1804906 1980302 1646251 1166614 2014713 1809170 6021905 7630582 495043 585936 11085276 2605086 8454025 8480190 304786 927687 195000 225795 600304 256444 21536933 23062720 2198096 1787939 5884472 7552364 413497 541141 8496065 9881444 X 11428017 11476517 931029 1022773 681822 681986 13040868 13181276 21536933 23062720 141573 -1165 0 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1161012 149817 10666 1321495 1110798 22554 27660 1161012 1096045 12662 2091 1110798 1080810 6734 8501 1096045 822935 250796 7607 -528 1081866 0.48390 0.51610 0 0 2950000 2950000 4540569 511761 4028808 16534 5236 11298 2718086 1386796 1331290 860087 701293 158794 8480190 PAYABLE TO LENDERS FOR EXCESS FUNDS TO STUDENTS 13388 LEASE PAYABLE 34420 DEFERRED COMPENSATION 493333 541141 X 26613243 -1165 -1165 26614408 1231758 1231758 27846166 26472835 0 26472835 1231758 1231758 27704593 PART X, LINE 2: THE UNIVERSITY IS RECOGNIZED BY THE INTERNAL REVENUE SERVICE AS AN ORGANIZATION EXEMPT FROM INCOME TAXES ON RELATED ACTIVITIES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND SECTION 23701D OF THE CALIFORNIA REVENUE AND TAXATION CODE. AS OF JULY 31, 2014 AND 2013, MANAGEMENT EVALUATED THE UNIVERSITY'S TAX POSITIONS AND CONCLUDED THAT THE UNIVERSITY HAD MAINTAINED ITS TAX-EXEMPT STATUS AND HAD TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT TO THE FINANCIAL STATEMENTS. THEREFORE, NO PROVISION OR LIABILITY FOR INCOME TAXES HAS BEEN INCLUDED IN THE FINANCIAL STATEMENTS. WITH FEW EXCEPTIONS, AS OF JULY 31, 2014, THE UNIVERSITY IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS BY THE FEDERAL OR STATE AUTHORITIES FOR THE TAX YEARS BEFORE 2010 AND 2009,RESPECTIVELY. PART XI, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID NETTED AGAINST REVENUE ON FS 1,231,758. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID NETTED AGAINST REVENUE ON FS 1,231,758. PART V, LINE 4: PALO ALTO UNIVERSITY'S ENDOWMENTS CONSIST OF EIGHT INDIVIDUAL FUNDS, ALL ESTABLISHED TO GENERATE SUPPORT FOR PAU'S GENERAL OPERATIONS, TUITION ASSISTANCE AND PROGRAMS. ITS ENDOWMENT INCLUDES DONOR-RESTRICTED ENDOWMENT FUNDS AND FUNDS DESIGNATED BY THE BOARD OF TRUSTEES TO FUNCTION AS ENDOWMENTS. 1 1 0 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 THIS INFORMATION IS INCLUDED IN THE STUDENT HANDBOOK, ON THE PALO ALTO UNIVERSITY WEBSITE, AND IN ALL RECRUITMENT MATERIALS FOR PROSPECTIVE STUDENTS. SCHEDULE E, PART I, LINE 6 THE UNIVERSITY RECEIVES FEDERAL AID UNDER TITLE IV OF THE STUDENT FINANCIAL ASSISTANCE PROGRAM. THE PROGRAMS THAT THE UNIVERSITY PARTICIPATES IN ARE THE FEDERAL FAMILY EDUCATION LOAN PROGRAM (WHICH INCLUDES FEDERAL STAFFORD SUBSIDIZED, UNSUBSIDIZED AND EXTENDED UNSUBSIDIZED LOANS) AND THE FEDERAL WORK STUDY PROGRAM. 1 SCHOLARSHIPS, GRANTS AND FINANCIAL AIDS 220 1231758 PART I, LINE 2: THE ORGANIZATION PROVIDES FINANCIAL AID ONLY TO QUALIFIED STUDENTS ENROLLED AT THE UNIVERSITY. THE ADMISSIONS DEPARTMENT IS RESPONSIBLE FOR MANAGING THE FELLOWSHIP AND SCHOLARSHIP ALLOCATION FOR NEW STUDENTS. THE FACULTY AND THE ADMISSIONS DEPARTMENT WORK TOGETHER TO AWARD FELLOWSHIPS OR SCHOLARSHIPS TO NEW STUDENTS. X X X X 0 1 0 0 0 0 0 0 0 ALLEN CALVIN PRESIDENT 428259 0 0 0 19100 0 181413 0 1658 0 630430 0 160000 0 WILLIAM FROMING PROVOST 287867 0 1000 0 0 0 14443 0 10384 0 313694 0 0 0 JUNE KLEIN VP BUSINESS AFFAIRS/ CFO 198997 0 0 0 0 0 9950 0 14064 0 223011 0 0 0 ELIZABETH HILT VP STUDENT SERVICES 138322 0 0 0 0 0 6916 0 12383 0 157621 0 0 0 LULI EMMONS VP OFFICE OF PROFESSIONAL ADVISING A 140433 0 22500 0 5000 0 8147 0 15959 0 192039 0 0 0 ROBERT RUSSELL PROFESSOR 221017 0 19800 0 17519 0 12216 0 12390 0 282942 0 0 0 RICARDO MUNOZ PROFESSOR 207996 0 2000 0 40836 0 12512 0 1854 0 265198 0 0 0 JAMES BRECKENRIDGE DEAN 222750 0 0 0 600 0 11138 0 2369 0 236857 0 0 0 KIMBERLY BALSAM ASSOCIATE PROFESSOR 111760 0 9100 0 97303 0 10110 0 6457 0 234730 0 0 0 LEONARD BECKUM PROFESSOR 181595 0 1000 0 11024 0 9380 0 11753 0 214752 0 0 0 PART I, LINE 4B PART I, QUESTION 4B: ALLEN CALVIN RECEIVED IRC SECTION 457(F) DEFERRED COMPENSATION OF $160,000. LESLIE R KOONCE TRUSTEE 23301 LESLIE R. KOONCE IS A REGISTERED PRINCIPAL WITH LPL FINANCIAL, MEMBER FINRA/SIPC. HIS COMPANY MANAGES THE INSURANCE PROGRAMS PROVIDED TO THE STUDENTS AND STAFF AT PAU. 0 FORM 990, PART VI, SECTION A, LINE 2 RICHARD LONERGAN, TRUSTEE, AND MARILYN LONERGAN, TRUSTEE, ARE HUSBAND AND WIFE. FORM 990, PART VI, SECTION B, LINE 11 THE COMPLETED FORM 990 WAS REVIEWED AND PREPARED BY THE CONTROLLER. AFTER THE CONTROLLER REVIEWED, THE CFO REVIEWED. ANY CHANGES WERE GIVEN TO THE ACCOUNTING FIRM. THE REVISED FORM 990 WAS REVIEWED BY THE BOARD OF TRUSTEES BEFORE FILING. FORM 990, PART VI, SECTION B, LINE 12C OFFICERS, DIRECTORS/TRUSTEES, AND KEY EMPLOYEES ARE REQUIRED TO REVIEW AND SIGN THE CONFLICT OF INTEREST POLICY ANNUALLY. THE ORGANIZATION'S GOVERNING BODY DETERMINES WHETHER A CONFLICT EXISTS. OFFICERS, DIRECTORS/TRUSTEES, KEY EMPLOYEES AND THE ORGANIZATION'S GOVERNING BODY MONITOR FOR CONFLICT. RESTRICTIONS ARE IMPOSED ON A CASE BY CASE BASIS IF THERE IS A CONFLICT WITH DIRECTION FROM LEGAL COUNSEL. FORM 990, PART VI, SECTION B, LINE 15 PAU CONDUCTED ANNUAL CEO AND CFO COMPENSATION REVIEW BASED ON MARKET COMPENSATION REVIEW DATA. THIS RESULTED IN THE PREPARATION OF A COMPENSATION REPORT AND UPDATE TO THE COMPENSATION PLAN. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS, FINANCIAL STATEMENTS AND CONFLICT OF INTEREST POLICY ARE ON PALO ALTO UNIVERSITY WEBSITE AND AVAILABLE UPON REQUEST FOR THE SAME PERIOD OF TIME SET FORTH IN SEC. 6104(D).