2015-10-22T07:57:25-05:00 2015-06-30 410746749 CLIFTONLARSONALLEN LLP 4099 TAMIAMI TRAIL N STE 300 NAPLES FL 34103 990 2014-07-01 596605703 HODGES UNIVERSITY INC HODG 8004668017 2655 NORTHBROOKE DRIVE NAPLES FL 341197932 ERICA M TILLERY TREASURER 2395986221 2015-10-21 1 AMELIA COOPER CPA P00437898 2392628686 2015-10-21 2014 2016-02-25 16:41:14Z DAVID BOROFSKY 2655 NORTHBROOKE DRIVE NAPLES FL 341197932 39091257 0 X WWW.HODGES.EDU X 1990 FL DEGREE PROGRAMS TO ENHANCE THE ABILITY OF STUDENTS TO ACHIEVE PERSONAL OR PROFESSIONAL OBJECTIVES. 14 14 433 75 0 0 7280458 634206 32756129 31126332 -155699 63585 54580 11619 39935468 31835742 2561199 2775079 0 0 18829611 14623305 0 0 395454 11959743 11496548 33350553 28894932 6584915 2940810 83889972 83628630 35637105 33512731 48252867 50115899 X THE MISSION OF HODGES UNIVERSITY IS TO OFFER ASSOCIATE, BACCALAUREATE, AND GRADUATE DEGREES AS WELL AS OTHER PROGRAMS WHICH ENHANCE THE ABILITY OF STUDENTS TO ACHIEVE PERSONAL OR PROFESSIONAL OBJECTIVES. 0 0 24368277 2775079 31130275 HODGES UNIVERSITY IS REGIONALLY ACCREDITED AND AWARDS ASSOCIATE, BACHELOR'S AND MASTER'S DEGREES. THE UNIVERSITY HAS APPROXIMATELY 2,200 STUDENTS ON CAMPUSES IN NAPLES AND FORT MYERS, FLORIDA. THE PROGRAMS OF THE UNIVERSITY ARE AS FOLLOWS: 13 ASSOCIATE DEGREES, 19 BACHELOR'S DEGREES, 7 GRADUATE DEGREES, 2 UNDERGRADUATE CERTIFICATES, 1 GRADUATE CERTIFICATE, 30 ONLINE DEGREES, 7 UNDERGRADUATE SELF-PACED DEGREES, ENGLISH AS A SECOND LANGUAGE, LIFELONG LEARNING CLASSES AT THE FRANCES PEW HAYES CENTER FOR LIFELONG LEARNING, IDENTITY FRAUD INSTITUTE, HISPANIC INSITUTE, CENTER FOR NONPROFIT EXCELLENCESCHOOLS: JOHNSON SCHOOL OF BUSINESS, SCHOOL OF ALLIED HEALTH, NICHOLS SCHOOL OF PROFESSIONAL STUDIES, FISHER SCHOOL OF TECHNOLOGY, SCHOOL OF LIBERAL STUDIESCONTINUED ON SCHEDULE OPROVIDING STUDENTS WITH PROGRAMS THAT PREPARE THEM FOR CAREERS, HODGES UNIVERSITY BELIEVES IN FLEXIBLE CLASS SCHEDULING, ALLOWING STUDENTS TO ATTEND WEEKLY CLASSES THAT SUIT THEIR BUSY LIFESTYLES. THE UNIVERSITY ALSO MEETS THE NEEDS OF TODAY'S STUDENTS BY OFFERING A WIDE VARIETY OF ACADEMIC DELIVERY METHODS AND STUDENT SERVICES, BOTH ON CAMPUS AND IN THE DISTANCE EDUCATION ARENA. 24368277 1 1 0 0 0 0 0 0 0 1 1 0 0 0 0 1 1 0 1 0 0 0 0 0 1 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 27 0 1 433 1 0 0 0 0 0 1 1 0 0 0 0 X 14 14 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X ERICA M TILLERY 2395986221 2655 NORTHBROOKE DRIVE NAPLES FL 341197932 JOHN J AGNELLI CHAIR 5.00 X X 0 0 0 KEITH ARNOLD VICE CHAIRMAN 5.00 X X 0 0 0 MICHAEL PRIOLETTI SECRETARY 5.00 X X 0 0 0 DR JOSEPH DONAHUE TRUSTEE 5.00 X 0 0 0 TODD GATES TRUSTEE 5.00 X 0 0 0 JAMES HUMPHREY TRUSTEE 5.00 X 0 0 0 GARY TRIPPE TRUSTEE 5.00 X 0 0 0 LESLIE KING TRUSTEE 5.00 X 0 0 0 GERARD A MCHALE JR TRUSTEE 5.00 X 0 0 0 KATHLEEN PASSIDOMO TRUSTEE 5.00 X 0 0 0 ROBERT SIMPSON TRUSTEE 5.00 X 0 0 0 JAMES STAMPER TRUSTEE 5.00 X 0 0 0 SANDRA STILLWELL TRUSTEE 5.00 X 0 0 0 CLYDE QUINBY TRUSTEE 5.00 X 0 0 0 JEANETTE BROCK FORMER PRESIDENT 40.00 X 654077 0 7200 KIM SPIEZIO FORMER PROVOST 40.00 X 170951 0 11920 ERICA TILLERY EVP OF OPERATIONS, CFO, SECRETARY AND TREASURER 40.00 X 112041 0 10337 NANCY WYANT DEAN 40.00 X 171089 0 12722 DAVID RICE VICE PRESIDENT 40.00 X 141121 0 11378 KAREN LOCKLEAR DEAN 40.00 X 144685 0 11533 ELSA ROGERS DEAN 40.00 X 119556 0 10853 AYSEGUL TIMUR PROGRAM CHAIR 40.00 X 134526 0 11805 1648046 0 87748 10 0 1 0 GREENFIELD ADVERTISING GROUP 12551 NEW BRITTANY BLVD FORT MYERS FL 33907 EDUCATIONAL ADVERTISING 639730 NEWS PRESS PO BOX 677583 DALLAS TX 752677583 EDUCATIONAL ADVERTISING 460988 ELLUCIANDATATEL 4375 FAIR LAKES CT FAIRFAX VA 22033 SOFTWARE SERVICES 437035 BLACKBOARD PO BOX 200154 PITTSBURGH PA 152510154 SOFTWARE SERVICES 337844 G4S SECURE SOLUTIONS 1395 UNIVERSITY BLVD JUPITER FL 33458 SECURITY 283512 14 123265 510941 634206 TUITION AND FEES 611600 31126332 31126332 31126332 92633 92633 187755 180486 7269 7269 7269 5264703 1687717 5274622 1706846 -9919 -19129 -29048 -29048 13980 123265 59565 -45585 -45585 37939 33996 3943 3943 VENDING MACHINE 900099 28960 28960 VIRTUAL BOOKSTORE COMMISSION 900099 17032 17032 45992 31835742 31130275 0 71261 60132 60132 2714947 2714947 816492 76220 474633 265639 11675853 11021769 645673 8411 319769 181631 133206 4932 852125 802766 37135 12224 959066 833393 105574 20099 34321 34321 50934 50934 44000 44000 1075 1075 603165 204930 390878 7357 1850193 1847747 2446 996581 382098 584865 29618 1437144 484644 952500 1062287 1062287 235667 105591 114445 15631 60327 32598 24796 2933 1615826 1615826 2282207 2282207 492501 492501 LIBRARY RESOURCES 428239 428239 OTHER EXPENSES 232698 161869 42219 28610 GRADUATION EXPENSES 40135 40135 BOND FEES 29248 29248 28894932 24368277 4131201 395454 4211095 2545214 2424741 2441566 10053609 9401622 1662902 1405514 69085 78780 1872787 2008502 64307674 16342121 49679493 47965553 13397942 17770079 518318 11800 83889972 83628630 2476337 1384591 4270768 3613140 28890000 28515000 35637105 33512731 X 33501812 36194281 11768222 10941048 2982833 2980570 48252867 50115899 83889972 83628630 X 2940810 -22179 -1055599 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 2754843 -9022 2745821 4503091 53639 1896034 94147 2566549 1.00000 0 0 10332284 10332284 41057505 6165848 34891657 12598248 9886844 2711404 319637 289429 30208 47965553 X 28720673 -22179 14848 274047 266716 28453957 1075 3380710 3381785 31835742 26857641 14848 663883 678731 26178910 1075 2714947 2716022 28894932 PART V, LINE 4: THE UNIVERSITY HAS DONOR RESTRICTED ENDOWMENT FUNDS ESTABLISHED FOR THE PURPOSE OF PROVIDING SCHOLARSHIPS FOR STUDENTS AND SUPPORTING THE OPERATIONS OF THE UNIVERSITY. PART X, LINE 2: THE UNIVERSITY IS A TAX-EXEMPT ORGANIZATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. IT IS NOT CONSIDERED A PRIVATE FOUNDATION AND CONTRIBUTIONS ARE CONSIDERED TAX DEDUCTIBLE. THE UNIVERSITY IS SUBJECT TO FEDERAL INCOME TAX ONLY ON NET UNRELATED BUSINESS INCOME UNDER THE PROVISIONS OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. FOR THE YEARS ENDED JUNE 30, 2015 AND 2014, THE UNIVERSITY HAD NO MATERIAL OBLIGATION FOR UNRELATED BUSINESS INCOME TAX. THE UNIVERSITY HAS ADOPTED THE INCOME TAX STANDARD FOR UNCERTAIN TAX POSITIONS. AS A RESULT OF THE IMPLEMENTATION, THE UNIVERSITY EVALUATED ITS TAX POSITIONS AND DETERMINED IT HAS NO UNCERTAIN TAX POSITIONS AS OF JUNE 30, 2015 AND 2014. PART XI, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD OF BOOK STORE OPERATION REPORTED ON PART VIII 33,996. DIRECT FUNDRAISING EXPENSES REPORTED ON PART VIII 59,565. DIRENT RENTAL EXPENSES REPORTED ON PART VIII 180,486. PART XI, LINE 4B - OTHER ADJUSTMENTS: INSTITUTIONAL AID REPORTED ON PART IX 2,714,947. LOSS ON PLEDGES REPORTED ON PART XI 457,690. AMORTIZATION OF OTHER COMPREHENSIVE EXPENSES REPORTED ON PART XI 208,073. PART XII, LINE 2D - OTHER ADJUSTMENTS: BAD DEBT WRITE-OFF REPORTED ON PART XI 389,836. COST OF GOODS SOLD OF BOOK STORE OPERATION REPORTED ON PART VIII 33,996. DIRECT FUNDRAISING EXPENSES REPORTED ON PART VIII 59,565. DIRENT RENTAL EXPENSES REPORTED ON PART VIII 180,486. PART XII, LINE 4B - OTHER ADJUSTMENTS: INSTITUTIONAL AID REPORTED ON PART IX 2,714,947. 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 POLICY STATEMENT IS INCLUDED IN ITS MESSAGE TO THE PUBLIC: HODGES UNIVERSITY, AS AN OPEN, CREATIVE AND COMMUNITY-CONSCIOUS EDUCATIONAL INSTITUTION, MUST FULFILL ITS MISSION IN THE CLIMATE OF A CHANGING WORLD. THAT EACH STUDENT, AS A UNIQUE PERSON, DESERVES A PROGRAM OF STUDIES AND VARIED EXPERIENCES FOR PERSONAL GROWTH WITHOUT REGARD TO RACE, COLOR, GENDER, SEXUAL ORIENTATION, RELIGION, CREED, NATIONAL ORIGIN, POLITICAL OPINIONS OR AFFILIATIONS, DISABLED VETERAN STATUS, DISABILITY, OR AGE AS PROVIDED BY LAW AND IN ACCORDANCE WITH THE UNIVERSITY'S RESPECT FOR PERSONAL DIGNITY. SCHEDULE E, PART I, LINE 6 HODGES UNIVERSITY, INC. PARTICIPATES IN BOTH STATE AND FEDERAL STUDENT FINANCIAL ASSISTANCE PROGRAMS. VIRTUALLY ALL FUNDS RECEIVED THROUGH THESE PROGRAMS ARE IMMEDIATELY CREDITED TO STUDENT ACCOUNTS FOR PAYMENT OF TUITION, FEES AND BOOKS. EXCESS FUNDS ARE DELIVERED TO STUDENTS ACCORDING TO PROGRAM REQUIREMENTS. SOME PROGRAMS PROVIDE A SMALL ADMINISTRATIVE ALLOWANCE FOR THE INSTITUTION. LUMINARY 33815 30070 3745 3192 11910 HUMINATAIAN 64550 56975 7575 14824 19614 2 38880 36220 2660 8010 2015 137245 123265 13980 26026 33539 59565 -45585 1 HORIZON FOUNDATION INC 2201 SECOND ST STE 500 FORT MYERS FL 33901 650872214 501(C)(3) 7500 TO SUPPORT GENERAL OPERATION. JUNIOR ACHIEVEMENT OF SW FLORIDA 9530 MARKETPLACE RD STE 302 FORT MYERS FL 33912 650503084 501(C)(3) 5250 TO SUPPORT GENERAL OPERATION. GREATER NAPLES CHAMBER OF COMMERCE 2390 TAMIAMI TRAIL NORTH NAPLES FL 34103 590688292 501(C)(3) 8392 TO SUPPORT GENERAL OPERATIONS 3 0 INSTITUTIONAL AID, INCLUDING SCHOLARSHIPS, ASSISTANTSHIPS, AND TUITION WAIVER. 1209 2714847 N/A N/A PART I, LINE 2: HODGES UNIVERSITY PARTICIPATES IN VARIOUS LOCAL SPONSORSHIPS TO ORGANIZATIONS ANNUALLY BASED ON OUR ABILITY AND CURRENT ECONOMIC SITUATION. BECAUSE THE SPONSORSHIPS ARE FOR GENERAL OPERATING SUPPORT, NO MONITORING IS REQUIRED. HODGES UNIVERSITY PARTICIPATES IN BOTH STATE AND FEDERAL STUDENT FINANCIAL ASSISTANCE PROGRAMS. VIRTUALLY ALL FUNDS RECEIVED ARE IMMEDIATELY CREDITED TO STUDENT ACCOUNTS FOR PAYMENT OF TUITION, FEES AND BOOKS. EXCESS FUNDS ARE DELIVERED TO STUDENTS ACCORDING TO PROGRAM REQUIREMENTS. X X X X X 1 1 0 0 0 0 0 0 0 JEANETTE BROCK FORMER PRESIDENT 260170 0 0 0 393907 0 0 0 7200 0 661277 0 0 0 KIM SPIEZIO FORMER PROVOST 170951 0 0 0 0 0 4720 0 7200 0 182871 0 0 0 NANCY WYANT DEAN 171089 0 0 0 0 0 5522 0 7200 0 183811 0 0 0 DAVID RICE VICE PRESIDENT 141121 0 0 0 0 0 4178 0 7200 0 152499 0 0 0 KAREN LOCKLEAR DEAN 144685 0 0 0 0 0 4333 0 7200 0 156218 0 0 0 PART I, LINES 4A-B SEVERANCE PAYMENTS: ANNA AVOLA $11,333 KATHLEEN BRYCE $1,116 THERESA GARRATT $2,480 JOSEPH GOLDBACH $2,252 MAUREEN LENHARDT $1,136 LISA OHLERT $1,636 SUZANNE PONICSAN $2,000 DAVE RICE $11,606 JANET SMITH $1,500 KIM SPIEZIO $17,042 BRENDAN STANELY $2,500 PART II, COLUMN B (III) THE AMOUNT REPORTED ON SCHEDULE J COLUMN B (III) OF $393,907 IS A CONTRIBUTION TO A 457(F) NON-QUALIFIED EXECUTIVE RETIREMENT PLAN. THE AMOUNT BECAME TAXABLE TO THE INDIVIDUAL IN 2014. JEANETTE BROCK RETIRED ON 12/31/14 AND WAS PAID OUT HER EXECUTIVE RETIREMENT FROM THE 457(F) PLAN THEREAFTER. A COLLIER CO ED FAC AUTHORITY 650915682 19463TBC9 2013-11-14 28404134 REFUND BONDS AND FINANCE NEW BUILDING PURCHASE 0 0 0 A 375000 28404134 2066550 517198 13133144 2014 0 1 1 1 A 0 1 0 0 0.05000 0.05000 0 0 0 A 0 0 0 0 0 0 0 0 0 A 1 FORM 990, PART VI, SECTION A, LINE 1 THE UNIVERSITY'S EXECUTIVE COMMITTEE CONSISTS OF NO LESS THAN THREE BUT NO MORE THAN SIX MEMBERS OF THE BOARD OF TRUSTEES INCLUDING ONE OFFICER THAT IS APPOINTED BY THE EXECUTIVE COMMITTEE. THE EXECUTIVE COMMITTEE HAS THE AUTHORITY OF THE FULL BOARD OF TRUSTEES BETWEEN MEETINGS WITH ANY ACTIONS UNDERTAKEN TO BE RATIFIED BY THE FULL BOARD AT THE NEXT REGULARLY SCHEDULED MEETING. FORM 990, PART VI, SECTION B, LINE 11 MANAGEMENT WILL UNDERTAKE A COMPREHENSIVE REVIEW OF THE FORM 990 AND ITS SCHEDULES IMMEDIATELY UPON ITS COMPLETION, AND WILL ADDRESS ALL OF ITS QUESTIONS AND CONCERNS WITH THE PREPARER. UNIVERSITY POLICY PROVIDES FOR THE PROVISION OF A COPY OF THE COMPLETED RETURN TO ALL MEMBERS OF THE GOVERNING BOARD IN ADVANCE OF FILING. A VOTE OF THE FULL BOARD TO APPROVE OF THE TAX RETURN IS REQUIRED PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C ALL TRUSTEES, OFFICERS AND KEY EMPLOYEES ARE REQUIRED TO SUBMIT ANNUAL DISCLOSURE STATEMENTS. THE STATEMENTS ARE REVIEWED BY THE SENIOR MANAGEMENT AND THE INDEPENDENT AUDITOR TO DETERMINE IF ANY RELATIONSHIPS NEED TO BE DISCLOSED IN THE AUDITED FINANCIAL STATEMENTS OR THE FORM 990. IN CASE OF ANY POTENTIAL REAL OR PERCEIVED CONFLICT OF INTEREST, AFFILIATED PERSONS ARE EXPECTED TO DISCLOSE THE CONFLICT IN ADVANCE. ONCE SUCH A DISCLOSURE HAS BEEN MADE, THE CHAIRMAN OF THE BOARD OF TRUSTEES SHALL DETERMINE WHETHER OR NOT THERE IS A POTENTIAL CONFLICT OF INTEREST. IF IT IS DETERMINED THAT THERE IS A POTIENTIAL CONFLICT OF INTEREST, THE AFFILIATED PERSON INVOLVED SHALL ABSTAIN FROM VOTING AND SHALL NOT PARTICIPATE IN THE DISCUSSION OF THE MATTER AT ISSUE EXCEPT TO STATE BRIEFLY HIS OR HER POSITION IN THE MATTER AND TO ANSWER SPECIFIC QUESTIONS. THIS ABSTENTION SHALL BE REFLECTED IN THE MEETING MINUTES. FORM 990, PART VI, SECTION B, LINE 15 THE COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES DETERMINES COMPENSATION FOR THE PRESIDENT (CEO), THE SECRETARY AND THE TREASURER. THE COMMITTEE CONSIDERS COMPARABILITY DATA AMONG MANY OTHER FACTORS TO DETERMINE THE APPROPRIATE COMPENSATION. MINUTES ARE PRODUCED AT EACH MEETING OF THE COMMITTEE AND THEIR RECOMMENDATIONS MUST BE APPROVED BY THE FULL BOARD OF TRUSTEES. THE LAST REVIEW AND APPROVAL OF COMPENSATION WAS DONE IN 2015 FOR SECRETARY AND TREASURER, E. TILLERY. IN ADDITION THE BOARD APPROVED THE CONTRACT FOR THE PRESIDENT, D. BOROFSKY WHO IS AN INDEPENDINET CONTRACTOR. FORM 990, PART VI, SECTION C, LINE 19 THE UNIVERSITY MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: AMORTIZATION OF OTHER COMPREHENSIVE EXPENSES -208,073. LOSS ON PLEDGES -457,690. BAD DEBT WRITE-OFF -389,836.