2015-05-15T12:59:35-05:00 2014-06-30 Grant Thornton LLP 515 S Flower Street 7th Floor Los Angeles CA 90071 990 2013-07-01 860105586 Thunderbird School of Global Management % JOANNE WAMSLEY THUN 6029787142 1 Global Place Suite Glendale AZ 85306 Joanne Wamsley Assistant Treasurer 4809658972 2015-05-13 true Rosemarie Brown P01278077 4809658972 2013 2016-03-07 17:11:31Z Joanne Wamsley 1 Global Place Glendale AZ 85306 62033035 false X www.thunderbird.edu X 1946 AZ To educate global leaders who create sustainable prosperity worldwide. 27 27 530 31 597636 0 3697107 1792667 61557854 58000982 1373981 1734621 0 0 66628942 61528270 7025176 8006940 0 0 34055073 29985605 0 0 685427 31985009 26225061 73065258 64217606 -6436316 -2689336 79885133 79145031 42191128 44375387 37694005 34769644 To educate global leaders who create sustainable prosperity worldwide. false false 54180235 8006940 58000982 Provided an education to approximately 1,000 degree seeking students and 2,600 executive education students. 54180235 true true false false false false false true false true true false false false true true false true true true true false true false false false false false true true false false false false false true true true true false false false true true true true false false true 183 0 true 530 true true true true RS SZ KZ CH false false false false false false false false X 27 27 true false false false false false 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 John Berndt Trustee 2.0 0.0 X 0 0 0 Beth Brooke Trustee 2.0 0.0 X 0 0 0 Sam Garvin Vice Chairman 2.0 0.0 X X 0 0 0 Ron Goode Trustee 2.0 0.0 X 0 0 0 Mike Hecomovich Vice Chairman 2.0 0.0 X X 0 0 0 John Henrickson Trustee 2.0 0.0 X 0 0 0 Richard HSU Trustee 2.0 0.0 X 0 0 0 Ann Iverson Chairman 2.0 0.0 X X 0 0 0 Klaus Knappick Trustee 2.0 0.0 X 0 0 0 David Lincoln Vice Chairman 2.0 0.0 X X 0 0 0 Clara Lovett Vice Chairman 2.0 0.0 X X 0 0 0 Gary Matus Trustee 2.0 0.0 X 0 0 0 Teresa McCaslin Vice Chairman 2.0 0.0 X X 0 0 0 James McClung Vice Chairman 2.0 0.0 X X 0 0 0 Francis Najafi Vice Chairman 2.0 0.0 X X 0 0 0 Kelly O'Dea Vice Chairman 2.0 0.0 X X 0 0 0 Marshall Parke Trustee 2.0 0.0 X 0 0 0 Meredith Peabody Trustee 2.0 0.0 X 0 0 0 Kevin Rohrer Trustee 2.0 0.0 X 0 0 0 David Roberts Trustee 2.0 0.0 X 0 0 0 Kenneth Seward Trustee 2.0 0.0 X 0 0 0 Blair Sheppard Trustee 2.0 0.0 X 0 0 0 Doug Short Trustee 2.0 0.0 X 0 0 0 Susan Stevens Vice Chairman 2.0 0.0 X 0 0 0 Scott Walker Trustee 2.0 0.0 X 0 0 0 Kim Wiehl Trustee 2.0 0.0 X 0 0 0 Diane Wittenberg Trustee 2.0 0.0 X 0 0 0 Dennis Baltzley Senior Vice President 40.0 0.0 X 360000 38003 Dale Davison Dean of Faculty 40.0 0.0 X 256574 28845 Richard Franke VP, FINANCE 40.0 0.0 X 46154 5358 Jim Harnden Chief Information Officer 40.0 0.0 X 152250 26731 Rebecca Henriksen Vice President 40.0 0.0 X 191000 26452 Pete Hill COO 40.0 0.0 X 78269 3271 Kay Keck Vice President 40.0 0.0 X 208086 15801 Dan Kuster Interim CFO 40.0 0.0 X 150000 0 Jan Mueller Vice President 40.0 0.0 X 131668 22065 Larry Penley President 40.0 0.0 X 385492 23134 Kelly Santina VP, MARKETING 40.0 0.0 X 89674 16716 Andrew Stringer Vice President 40.0 0.0 X 146462 18434 Humberto Valenia Vice President 40.0 0.0 X 219381 28398 Andrew Inkpen Professor 40.0 0.0 X 646832 26464 Kannan Ramaswamy Professor 40.0 0.0 X 521375 34126 Mansour Javidan Professor 40.0 0.0 X 485225 33614 Caren Siehl Professor 40.0 0.0 X 435897 13937 Michael Moffett Professor 40.0 0.0 X 407493 31238 Dennis Hopple Former Officer 40.0 0.0 X 209900 4516 David Bowen Former Officer 40.0 0.0 X 202801 21922 5324533 0 419025 69 true true false Snell Wilmer One Arizona Center PHOENIX AZ 85004 Legal 1464320 DOW LOHNES PLLC 1200 New Hampshire Ave Ste 800 WASHINGTON DC 20036 Legal 769895 GRANT THORNTON 515 S Flower St 7th Fl LOS ANGELES CA 90071 Audit 255423 WORLDSTRIDES CAPSTONE PROGRAMS 218 West Water Street Ste 400 CHOLOTTESVILLE VA 22902 Travel 142717 GLOBAL STRATEGY GROUP LLC Total 895 Broadway Fifth Fl NEW YORK NY 10003 Marketing 131295 7 173227 1619440 260401 1792667 HOTEL UNRELATED 721110 751603 153967 597636 EDUCATION PROGRAMS 900099 57249379 57249379 58000982 643367 643367 0 0 0 0 0 1596019 504765 1091254 1091254 1091254 0 0 0 0 61528270 57403346 597636 1734621 0 7630739 7630739 376201 376201 0 3160500 1580250 1580250 0 22111992 20213749 1615219 283024 974584 866978 94118 13488 2318392 2032547 233384 52461 1420137 1211326 188115 20696 91446 91446 2777887 13419 2764468 173146 8117 165029 0 0 161468 161468 2692463 2044797 635697 11969 1411707 1375023 34102 2582 458975 345190 101500 12285 219654 212618 7036 0 3410844 2156935 1251640 2269 1025191 970353 3599 51239 0 0 524146 524146 0 3754826 1405395 2204622 144809 597024 144809 452215 PROGRAM/PROJECT EXPENSES 5973068 5973068 BOOKS, DUES AND SUBSCRIPTIONS 998925 976248 22258 419 TRAINING AND DEVELOPMENT 48225 48225 ALL OTHER EXPENSES 1906066 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8438616 3092859 31623944 0 POST RETIREMENT BENEFITS 3777000 ADVANCES FROM FED GOVT AND OTHERS 5287519 SHORT TERM DEBT 1076274 10140793 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 a portion of the investment return from the endowment to support the school's annual operating expenses as directed by donor specifications. The remainder is to be reinvested in the endowment in order to maintain its purchase power value over time. FIN 48 (ASC 740) Footnote: Schedule D, Part X, Line 2: Thunderbird previously adopted accounting guidance related to uncertain tax positions. In accordance with this guidance, management is required to determine whether a tax position of Thunderbird is more likely than not to be sustained upon examination by the applicable taxing authority, including resolution of any related appeals or litigation processes, based on the technical merits of the position. The tax benefit to be recognized is measured as the largest amount of benefit that is greater than fifty percent likely of being realized upon ultimate settlement. Derecognition of a tax benefit previously recognized could result in Thunderbird recording a tax liability that would reduce net assets. Thunderbird has reviewed all significant tax positions for material tax jurisdictions including the US federal and Arizona state and foreign tax jurisdictions for which the statute of limitations remained open which is generally three years for federal, state and foreign taxes and four years for Arizona. The open tax years are 2011 through 2014 for federal and foreign and 2010 through 2014 for Arizona tax years. Management determined there were no material unrecognized tax benefits. However, the statute can be extended if there was a failure to file a necessary tax return. In addition, there have been no material changes anticipated in the 12 months following June 30, 2014. However, management's conclusions regarding this policy may be subject to review and adjustment at a later date based on factors including, but not limited to, ongoing analyses of and chances to tax laws, regulations, and interpretations thereof. There have been no related tax penalties or interest, which would be classified as operating or interest expense in the consolidated statement of activities. true true true true true true true false false false false false false false false true false true Publication of Racially Nondiscriminatory Policy Schedule D, Part I, Line 3: Thunderbird publicizes its racially nondiscriminatory policy annually in the school's bulletin. Aid or Assistance from Governmental Agency Schedule E, Part I, Line 6a: Thunderbird was awarded a grant from USAID to strengthen women entrepreneurship in Peru by consolidating agro-related small and medium sized enterprises' competitiveness through improved business management skills. Thunderbird was also awarded a grant from the Department of State through World Learning to participate in the Algeria Unviersity Linkages Program. true Central America and the Caribbean Grantmaking 23566 East Asia and the Pacific Grantmaking 17700 Europe (Including Iceland and Greenland) 1 1 Grantmaking 11245 Middle East and North Africa Grantmaking 9502 North America Grantmaking 222623 Russia and the Newly Independent States 2 2 Grantmaking 25803 South America 2 Grantmaking 37085 South Asia Grantmaking 28248 Sub-Saharan Africa Grantmaking 429 Europe (Including Iceland and Greenland) Program Services Education 207154 Russia and the Newly Independent States Program Services Education 574038 South America Program Services Education 137384 East Asia and the Pacific Program Services Education 12973 Middle East and North Africa Program Services Education 245742 South Asia Program Services Education 65884 Sub-Saharan Africa Program Services Education 20458 Central America and the Caribbean Investments 424918 3 5 3 5 2064752 2064752 Scholarships to Students Central America and the Caribbean 3 23566 Check Scholarships to Students East Asia and the Pacific 2 17700 Check Scholarships to Students Europe (Including Iceland and Greenland) 7 11245 Check Scholarships to Students Middle East and North Africa 1 9502 Check Scholarships to Students North America 34 222623 Check Scholarships to Students Russia and the Newly Independent States 3 25803 Check Scholarships to Students South America 7 37085 Check Scholarships to Students South Asia 3 28248 Check Scholarships to Students Sub-Saharan Africa 1 429 Check false false true true false true Process for Monitoring Grants Outside the United States Scheduel 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 621 7630739 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 true true X X X X true false false false false true false false false Dennis Baltzley Senior Vice President 360000 0 0 18819 19184 398003 Dale Davison Dean of Faculty 256574 0 0 12772 16073 285419 Jim Harnden Chief Information Officer 152250 0 0 10658 16073 178981 Rebecca Henriksen Vice President 191000 0 0 13370 13082 217452 Kay Keck Vice President 94704 0 113382 6209 9592 223887 Christopher Lee Vice President 173256 0 307896 11129 0 492281 Jan Mueller Vice President 123868 0 7800 8671 13394 153733 Larry Penley President 385492 0 0 17850 5284 408626 Andrew Stringer Vice President 146462 0 0 5352 13082 164896 Humberto Valenia Vice President 190075 0 29306 12325 16073 247779 Andrew Inkpen Professor 646832 0 0 13695 12769 673296 Kannan Ramaswamy Professor 521375 0 0 14942 19184 555501 Mansour Javidan Professor 485225 0 0 17541 16073 518839 Caren Siehl Professor 435897 0 0 8778 5159 449834 Dennis Hopple Former Officer 209900 0 0 4516 0 214416 David Bowen Former Officer 202801 0 0 14196 7726 224723 Michael Moffett Professor 407493 0 0 12054 19184 438731 Discretionary Spending Account Schedule J, Part I, Line 1a: Christopher Lee, as a conDItion of his position, is required to live in Moscow, Russia and is provided with discretionary spending accounts in the form of a housing allowance and a transportation allowance. Both were reported as taxable compensation on his Form W-2 and as "Other Reportable Compensation" on Schedule J, Part II, Column (b)(iii). Tax Indemnification or Gross-Up Payments Schedule J, Part I, Line 1a: Christopher Lee, who is required to live in Moscow, Russia, is provided with tax gross-up payments used to pay both U.S. and Russian income taxes. The amounts are reported as taxable compensation on his Form W-2 and as "Other Reportable Compensation" on Schedule J, Part II, Column (b)(iii). Severance Payments The following individuals received severance payments, which are reported as taxable compensation on their Form W-2s and as "Other Reportable Compensation" on Schedule J, Part II, Column (b)(iii): Kay Keck $86,704 Christopher Lee $60,000 Karine Baltzley Officer's Wife 25264 Consulting false Tatiana Hopple Officer's Wife 78313 Consulting false X 4 260401 Average Hi/Low false true false Business Relationship Among Officers, Trustees, and Key Employees Form 990, Part VI, Section A, Line 2: Trustees Mike Hecomovich and Kelly O'Dea had a business relationship, which was otherwise independent of the organization. The venture is no longer active. Form 990 Review Process Form 990, Part VI, Section B, Line 11b: The Form 990 was reviewed by the 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. Other Changes in Net Assets Form 990, Part XI, Line 9: Loss on Uncollectible Pledges $(235,025) THUNDERBIRD EUROPE EXEC EDUCATION LLC 1 GLOBAL PLACE GLENDALE AZ 85306 HOLDING CO AZ 0 0 THUNDERBIRD THUNDERBIRD EUROPE ONE LLC 1 GLOBAL PLACE GLENDALE AZ 85306 HOLDING CO AZ 0 0 THUNDERBIRD THUNDERBIRD EUROPE TWO LLC 1 GLOBAL PLACE GLENDALE AZ 85306 HOLDING CO AZ 0 0 THUNDERBIRD THUNDERBIRD WORLDWIDE LLC 1 GLOBAL PLACE GLENDALE AZ 85306 HOLDING CO AZ 0 0 THUNDERBIRD THUNDERBIRD WORLDWIDE KAZAKHSTAN LLP 20A BIOCOMBINAT STREET ALMANY KZ 050008 EDUCATION KZ 211360 200969 THUNDERBIRD Russian Academic Development Corporation 1 Global Place Glendale AZ 85306 521975573 Holding Co DE TSGM C Corp 0 1000 1.00000 true CBSD Property & Training Services 77 Butyrskaya St Moscow RS 127015 EDUCATION RS RADC C Corp 0 0 1.00000 true Russian Business Skills Development Inc 1 Global Place Glendale AZ 85306 841320783 Holding Co DE TSGM C Corp 0 1000 1.00000 true Thunderbird CBSD Corp 1 Global Place Glendale AZ 85306 860951941 HOLDING CO AZ TSGM C Corp 0 0 1.00000 true Thunderbird Asia Corp 1 GLOBAL PLACE GLENDALE AZ 85306 860948519 EDUCATION AZ TSGM C Corp -50 0 1.00000 true Thunderbird Europe SARL 121-123 Rue de Lausanne Geneva SZ 1202 EDUCATION SZ Thunderbird C Corp 1606895 2797492 1.00000 true Global Minds Inc 1 Global Place Glendale AZ 85306 860994161 EDUCATION DE TSGM C Corp 0 0 1.00000 true CBSD 1 Global Place Glendale AZ 85306 EDUCATION DE CBST PATS C Corp 596911 3044024 1.00000 true false false false false false false false false false false false false false false false true true false false Thunderbird Europe SARL p 2688063 Thunderbird Europe SARL q 1156485