2015-03-18T11:51:40-07:00 2014-05-31 990 2013-06-01 231352620 ARCADIA UNIVERSITY ARCA 2155722900 450 S Easton Road Glenside PA 19038 Leonard Sippel VP Finance and Admin/Treasurer 2155722943 2015-03-18 2013 2016-04-25 22:37:26Z Leonard Sippel 450 S Easton Road Glenside PA 19038 168406900 0 X www.arcadia.edu X 1853 PA The Arcadia Promise affirms that students will have a distinctively global, integrative and personal learning experience that prepares them to contribute and lead in a diverse and dynamic world. We produce globally informed, globally engaged graduates in bachelor's, master's, and doctoral programs on three U.S. campuses plus 122 programs in 78 cities on six continents. 32 31 1162 1015 0 -28737 4932000 4014000 153385000 160095000 2804000 3095000 345000 104000 161466000 167308000 39036000 44224000 0 0 47403000 51389000 0 0 1535000 68673000 71831000 155112000 167444000 6354000 -136000 224904000 249251000 112075000 125001000 112829000 124250000 Arcadia is committed to preparing tomorrow's leaders through immersion with cultures, places, people, and languages around the world, and to meeting the challenges of a changing world through campus internationalization. Students, faculty, staff, alumni, and volunteers actively participate in and make meaningful contributions to the academic, social, and civic life on campus, in the community and region, and around the world. 0 0 100456000 40964000 104704000 ENSURING ACCESS to quality higher education to students from economically challenged families: 31% of Arcadia's 597 new entering Fall 2013 freshmen would be the first in their families to graduate from a college; 36% of them received need-based federal Pell Grants (awarded by federal formula to students from low-income families); 2% were covered by PA Act 101 (for those whose cultural, economic, and educational disadvantages might impede their ability to succeed in college). In addition to these state and federal programs, Arcadia provides financial assistance in the form of grants and scholarships to 98% of full time undergraduate students. Among the entire Arcadia undergraduate population of 2,453 students enrolled during the fall 2013, 37% were receiving Pell Grants, 24% would be the first in their families to graduate from college, 2% were covered by Act 101, and 89% received University-financed financial assistance; 58% received Work Study support. Arcadia also provides academic support through the Gateway to Success program, which includes Act 101 services for PA residents who qualify at 200% of the poverty level and provides personal attention and resources throughout the academic year to help them succeed. 42677000 529000 41842000 Ensuring a GLOBAL OPPORTUNITY for as many students as possible: Arcadia is distinct in that all of our students--undergraduate and graduate alike--engage in integrative, real-world learning opportunities such as internships, evidence-based research, service learning, interdisciplinary study, problem-based learning, and co-curricular learning experiences that expand beyond the traditional classroom. 76% of the undergraduate class graduating in May 2014 had used their passports while they were students at Arcadia. In 2014, 331 freshmen and 51 transfer students studied in 17 cities around the globe during spring break, as part of an academic (2-credit) program. 82 freshmen studied abroad during their first year, in either England or Scotland, and 529 other Arcadia students studied abroad during 2013-14. The University has adopted a "Global Connections" undergraduate curriculum that ensures immersion with global issues through study abroad or a domestic global experience. Graduate programs also include either curricular or co-curricular (e.g., pro bono service) requirements and/or opportunities for our students. In addition to more than 4,000 students on its U.S. campuses, Arcadia provides educational opportunities at its centers and programs around the world to more than 2,750 students annually from other colleges and universities through The College of Global Studies at Arcadia University. 12568000 2731000 13549000 We believe that living in close proximity to others who are different is a critically important way for students to learn important life skills, and we treat RESIDENTIAL LIFE at college as additional opportunities for learning. Our desire is to ensure that the living arrangements support and enhance student educational work and goals. While our primary goal is to provide safe living environments conducive to study and academic success, we encourage and support the development of the following core competencies in our students: diversity and inclusion; global perspectives; civic engagement; citizenship; self-advocacy; problem-solving; respect for others; mediation; and the development of identity, purpose, and integrity. Within the residence halls and apartments, an engaged team of paraprofessional and professional staff use the physical structure of the living environment as a tool to maximize learning moments and challenge students to develop and apply these competencies. Arcadia provides first-year students (freshmen) the option to select to live on a theme floor to add an innovative flair to the traditional housing experience by adding a more intentional, focused social opportunity based on a theme. 0 0 0 155701000 1 1 0 0 0 0 0 1 0 1 1 0 0 1 1 1 1 0 1 1 1 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 1 0 0 0 1 329 0 1 1162 1 1 1 1 AS EI GR IT NZ SF SP TU UK 0 0 0 0 0 0 0 0 X 32 31 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CA FL ME NJ NY PA TX X X Leonard Sippel - VP Finance 2155722943 450 S Easton Road Glenside PA 190383295 Nicolette D Christensen President 40 X X 267869 0 63409 Steve O Michael Vice President for Academic Affairs & Provost 40 X 223654 0 53769 Mary McRae Vice President for Advancement 40 X 195577 0 34076 Lorna Stern Vice President for the College of Global Studies 40 X 169607 0 39273 Mark Lapreziosa Vice President for Enrollment Management 40 X 154197 0 35579 Joshua L Stern Vice President for Student Affairs & Dean for Students 40 X 118407 0 20143 Carl Oxholm III President-Prior 0 X 381237 0 22112 Michael J Coveney Vice President for Finance & Treasurer-Prior 0.00 X 241971 0 52707 Steve Alter CIO-Left 9/30/13 40 X 182843 0 21786 Valerie Harrison Vice President and General Counsel-Left 8/2/13 40 X 113634 0 22487 Joycellen Young Auritt Trustee 1 X 0 0 0 Jo Bennett Vice Chair 5 X X 0 0 0 Joan Nadler Brantz Trustee 1 X 0 0 0 Anthony Champi Trustee 1 X 0 0 0 Marilyn Sunners Cranin Trustee 1 X 0 0 0 Patricia DeBow Secretary 3 X X 0 0 0 Thora T Easton Trustee 1 X 0 0 0 Ann N Greene Trustee 1 X 0 0 0 Jean S Hassler Trustee 1 X 0 0 0 John W Hlywak Jr Trustee 1 X 0 0 0 Richard Llewellyn Jones Jr Trustee 1 X 0 0 0 Mark K Kessler Trustee 1 X 0 0 0 Laura M Korman Trustee 1 X 0 0 0 Babette Senker Krug Trustee 1 X 0 0 0 Nancy R Kyle Trustee 5 X 0 0 0 Toya Rucker Lawson Trustee 1 X 0 0 0 Charles William Lentz Trustee 1 X 0 0 0 Alison Aaron Madsen Trustee 1 X 0 0 0 Thomas P McCollum Trustee 1 X 0 0 0 Hugh G Moulton Trustee 1 X 0 0 0 Clair Raubenstine Trustee 5 X 0 0 0 John Riggan Trustee 1 X 0 0 0 Theresa P Rollins Trustee 5 X 0 0 0 Gerald B Rorer Trustee 1 X 0 0 0 Allison Rossett Trustee 1 X 0 0 0 Andrew Santagata Trustee 1 X 0 0 0 Nikunj Shah Trustee 1 X 0 0 0 Madeline J Stein Vice Chair 5 X X 0 0 0 Christopher R van de Velde Chair 7 X X 0 0 0 Lyanne Lindo Wassermann Trustee 1 X 0 0 0 Theodore V Wood Jr Trustee 1 X 0 0 0 Michael S Dryer Associate Professor/Chair, Medical Science & Community Health 40 X 168202 0 24730 Nejdet Delener Dean, School of Business-Prior 40 X 159983 0 37977 Archie J Vomachka Dean, College of Health Sciences 40 X 151442 0 26039 Thomas J Macchi Associate VP, Facility/Capital Planning 40 X 149529 0 61443 Philip W McClure Professor/Director, Transitional DPT 40 X 146573 0 27959 2824725 0 543489 57 1 1 0 Parkhurst Dining Services PO Box 644091 Pittsburgh PA 152644901 Dining Services 2884530 Delran Builders Company Inc 7909 Flourtown Avenue Wyndmoor PA 19038 Construction 2596081 Aramark Higher Education 24818 Network Place Chicago IL 606731248 Facilities Management 2329741 Royall & Company 1920 East Parham Road Richmond VA 232282206 Student Recruitment 669185 East Brandywine Mechanical Inc 114 Governors Circle Downingtown PA 19335 HVAC 576734 20 0 0 0 0 1046000 2968000 81000 4014000 Tuition & Fees 611310 104704000 104704000 0 0 Room & Board 611310 13549000 13549000 0 0 International Programs 611310 41842000 41842000 0 0 0 0 0 0 160095000 3100600 0 0 3100600 0 0 0 0 0 0 0 0 350000 0 325000 0 25000 0 25000 0 0 25000 768300 0 773900 0 -5600 0 -5600 0 0 -5600 0 Food.Vend/Bkstore Commissions 611310 79000 0 0 79000 0 0 0 0 79000 167308000 160095000 0 3199000 0 0 44224000 44224000 0 0 0 0 1716000 1155000 331000 230000 698000 0 698000 0 37628000 34595000 2497000 536000 1811000 1662000 92000 57000 6779000 6049000 673000 57000 2757000 2509000 165000 83000 0 0 0 0 75000 0 75000 0 789000 0 789000 0 0 0 0 0 0 0 303000 0 303000 0 0 0 0 0 892000 745000 147000 0 1397000 1176000 206000 15000 2371000 2290000 51000 30000 0 0 0 0 7831000 6422000 1409000 0 3443000 3228000 131000 84000 0 0 0 0 148000 70000 71000 7000 0 0 0 0 0 0 0 0 6701000 6127000 574000 0 1184000 1109000 75000 0 International Programs 29747000 29747000 0 0 Instructional Events and Special Programs 5566000 4408000 889000 269000 Building Maintenance - Plant 4061000 4051000 10000 0 Food Service Operations 2131000 2131000 0 0 5192000 4003000 1022000 167000 167444000 155701000 10208000 1535000 13000 9000 15668000 18686000 1463000 1453000 3037000 3649000 0 0 0 0 5416000 5610000 110000 110000 4149000 4503000 204024000 83869000 119672000 120155000 50685000 60308000 10437000 9382000 446000 0 0 0 13808000 25386000 224904000 249251000 9005000 9503000 0 0 10920000 12161000 77840000 91535000 0 0 0 0 0 0 1500000 0 12810000 11802000 112075000 125001000 X 87110000 95410000 8984000 10067000 16735000 18773000 112829000 124250000 224904000 249251000 X -136000 7299000 0 0 0 4258000 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 X 0 59226000 2092000 10248000 545000 1840000 303000 68878000 52942000 672000 8010000 558000 1571000 269000 59226000 55477000 362000 -637000 533000 1399000 328000 52942000 46779000 475000 10014000 420000 1028000 343000 55477000 40152000 1323000 7064000 545000 911000 304000 46779000 0.7 0.27 0.03 1 0 0 2784000 2784000 0 141659000 45406000 96253000 0 0 0 0 0 37449000 30602000 6847000 0 22132000 7861000 14271000 120155000 A/R-Other 3303000 A/R-Other-CGS 243000 Accrued Interest Receivable-Operating 132000 Accrued Interest Receivable-CGS 2000 Due from Alliance 120000 Deposits with Bond Trustees 21586000 25386000 0 Capital Lease Obligation 60000 Annuities Payable 294000 Accrued Post-Retirement Obligation 8149000 Asset Retirement Obligation 2526000 Refundable Loan Funds 773000 11802000 X 130405000 7299000 0 0 -44527000 -37228000 167633000 0 -325000 -325000 167308000 123242000 0 0 0 325000 325000 122917000 303000 44224000 44527000 167444000 Schedule D, Part III, Line 1 The University art collection consists of various pieces of art displayed throughout the campus and archived for future exhibition. Schedule D, Part III, Line 4 The University art collection consists of various pieces of art displayed throughout the campus which are used to enhance student appreciation of fine art and archived for future exhibition. Schedule D, Part V, Line 4 The University's endowment funds are used to provide a source of operating funds as well as long-term financial stability. Schedule D, Part X, Line 2 The University follows the Financial Accounting Standards Board ("FASB") guidance that requires a tax position to be recognized or derecognized based on a "more likely than not" threshold. This applies to positions taken or expected to be taken in a tax return. The University does not believe its financial statements include any uncertain tax positions. The University's policy is to recognize interest related to unrecognized tax benefits in interest expense and penalties in operating expenses. No interest or penalties were recognized in 2014. The University's federal Exempt Organization Income Tax Returns for 2014, 2013, and 2012 remain subject to examination by the Internal Revenue Service. Schedule D, Part XI, Line 2d Financial Aid Assistance (-44,224,000) and Investment Expenses (-303,000) Schedule D, Part XI, Line 4b Rental Expense (-325,000) Schedule D, Part XII, Line 2d Rental Expense (325,000) Schedule D, Part XII, Line 4b Financial Aid Assistance (44,224,000) 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 Schedule E, Part I, Line 3 We include a notice of our policies on all of our publications, advertisements and internet website. Schedule E, Part I, Line 6 Arcadia University participates in Federal Title IV aid programs, including the federal Campus-Based Aid Programs. As such, we receive, on an annual basis, allocations to make federal work study awards and SEOG Grants to students. Additionally, our educational programs are recognized as eligible programs by the state of Pennsylvania. As such, we award PHEAA State Grants to our eligible students from PHEAA (Pennsylvania Higher Education Assistance Agency), and also receive Federal Work Study matching funds from PHEAA. Additionally, on an annual basis, PHEAA provides a matching grant known as the IAG Grant for each eligible state grant student we award PHEAA funds to as well. Europe (including Iceland and Greenland) 6 54 Program Services 25960000 East Asia and the Pacific 2 13 Program Services 7722000 Sub-Saharan Africa 1 3 Program Services 795000 Central America and the Caribbean 1 1 Program Services 191000 Middle East and North Africa 1 1 Program Services 171000 11 72 34839000 0 0 0 0 0 0 1 Student Work Programs (Federally Subsidized) 803 1021000 0 Student Work Programs (Institutional) 565 1246000 0 Institutional Scholarships & Grants 2672 41957000 0 Schedule I, Part I, Line 2 Arcadia University awards both need-based and merit-based financial aid to students in good academic standing. The University maintains records to quantify the dollar amount of the financial assistance awarded, the number of recipients per grant/scholarship, and the selection criteria. All grants and scholarships awarded to students are credited directly to the student's billing account. X 1 1 X X X X 1 0 0 0 0 0 0 0 0 Nicolette D Christensen President 267869 0 0 0 0 0 17472 0 45937 0 331278 0 0 0 Steve O Michael Vice President for Academic Affairs & Provost 223654 0 0 0 0 0 18824 0 34945 0 277423 0 0 0 Mary McRae Vice President for Advancement 195577 0 0 0 0 0 0 0 34076 0 229653 0 0 0 Lorna Stern Vice President for the College of Global Studies 169607 0 0 0 0 0 13079 0 26194 0 208880 0 0 0 Mark Lapreziosa Vice President for Enrollment Management 154197 0 0 0 0 0 12928 0 22651 0 189776 0 0 0 Carl Oxholm III President-Prior 142211 0 0 0 239026 0 5100 0 17012 0 403349 0 0 0 Michael J Coveney Vice President for Finance & Treasurer-Prior 17283 0 0 0 224688 0 0 0 52707 0 294678 0 0 0 Steve Alter CIO-Prior 182843 0 0 0 0 0 0 0 21786 0 204629 0 0 0 Michael S Dryer Associate Professor/Chair, Medical Science & Community Health 168202 0 0 0 0 0 13470 0 11260 0 192932 0 0 0 Nejdet Delener Dean, School of Business-Prior 159983 0 0 0 0 0 11929 0 26048 0 197960 0 0 0 Archie J Vomachka Dean, College of Health Sciences 151442 0 0 0 0 0 10000 0 16039 0 177481 0 0 0 Thomas J Macchi Associate VP, Facility/Capital Planning 149529 0 0 0 0 0 11929 0 49514 0 210972 0 0 0 Philip W McClure Professor/Director, Transitional DPT 146573 0 0 0 0 0 11289 0 16670 0 174532 0 0 0 Schedule J, Part I, Line 1a The President of the University is required, as a condition of employment, to live in a house owned by the University. This house is also used to host University-related functions. This benefit was not included in taxable compensation as it qualifies for exclusion under Internal Revenue Code Section 119(d) due to being required as a condition of employment, for the convenience of the employer, and being on the University campus. Schedule J, Part I, Line 4 Carl Oxholm, III was a former President who received a severance package upon his separation from the University. A Montgomery County Higher Education & Health Authority 232447147 613603QP7 2006-02-15 46753060 Funding of capital projects & current refunding 0 0 0 B Montgomery County Higher Education & Health Authority 232447147 613603RA9 2006-04-13 12138593 Advance refunding of outstanding 1999 bonds 0 0 0 C Montgomery County Higher Education & Health Authority 232447147 613603SL4 2010-05-11 23037906 Funding of capital projects 0 0 0 D Montgomery County Higher Education & Health Authority 232447147 613603SN0 2012-12-05 19626786 Funding of Capital Projects and refunding of 2001 bonds 0 0 0 A 8080000 0 48849538 3695425 0 13852898 1178964 0 0 30122123 0 0 2011 1 0 1 1 B 375000 0 12138853 1169897 0 10645640 323295 0 0 0 0 0 0 1 1 1 C 0 0 23065255 1192093 2254941 0 308305 0 0 20765481 0 0 2013 0 0 1 1 D 370000 0 19639621 0 0 0 285828 0 0 1731552 4700000 12996752 2016 1 0 0 1 A 0 0 0 0 0 0 0 0 0 0 B 0 0 0 0 0 0 0 0 0 0 C 0 0 0 0 0 0 0 0 0 0 D 0 0 0 0 0 0 0 0 A 0 0 0 1 0 0 1 MBIA 3 1 0 0 B 0 0 0 1 0 0 1 MBIA 3 1 0 0 C 0 1 0 0 0 0 0 0 0 D 0 1 0 0 0 0 0 0 0 A 0 B 0 C 0 D 0 Schedule K, Part II, Line 3-02/15/2006 46,753,060 Montgomery County Total bond proceeds include investment income. (This is for all bonds) Schedule K, Part III, Line 9-02/15/2006 46,753,060 Montgomery County The University is moving forward in creating procedures related to remediation. (This is for all bonds) Schedule K, Part IV, Line 2c-02/15/2006 46,753,060 Montgomery County The rebate calculation for the Montgomery County Education & Health Authority issue, dated 02/15/2006, was completed March 8, 2011. Schedule K, Part IV, Line 2c-04/13/2006 12,138,593 Montgomery County The rebate calculation for the Montgomery County Education & Health Authority issue, dated 04/13/2006, was completed April 25, 2011. Schedule K, Part IV, Line 7-02/15/2006 46,753,060 Montgomery County The University is moving forward in creating written procedures to monitor the requirements of section 148. (This is for all bonds) Schedule K, Part V-02/15/2006 46,753,060 Montgomery County The University is moving forward in creating written procedures related to identification and remediation of federal tax requirement violations. (This is for all bonds) Employee Employee 48000 Employee tuition discount Employee benefit X 18 81000 Avg Mkt Value 19 0 0 1 Schedule M, Part I, Line 32b Arcadia University uses a wealth management company to hold and facilitate the sale of all stock gifts received. This represents the number of contributions received. Form 990, Part VI, Section B, Line 11b The Audit Committee of the Board of Trustees reviews and accepts the 990 before it is filed. Thereafter, the 990 is made available to the Board of Trustees via our internal web portal for review before filing. They may access it in a special section set aside for the Board. Form 990, Part VI, Section B, Line 12c Conflict of Interest statements are completed by the Trustees, Officers and top paid employees of the University. The Chair of the Audit Committee of the Board of Trustees follows up and ensures that the statements are completed on an annual basis. If any conflicts arise, they are taken to the Audit Committee of the Board of Trustees and then to the full Board for formal review and approval. Form 990, Part VI, Section B, Line 15 The Executive Committee of the Board of Trustees oversees compensation of the President. They review compensations of Presidents at peer institutions on an annual basis. The University uses comparability data from peer institutions in determining the compensation of all other officers. This data is used to ensure all salaries are within "fair market range" for the industry. The University is developing a process to include a review and approval by independent persons to complement the use of the comparability data. Form 990, Part VI, Section C, Line 19 The University's governing documents, conflict of interest policy and financial statements are available to the public upon request. Form 990, Part XI, Line 9 Change in Market Value of Future Foreign Exchange Contracts -- 2,062,000; Gain on Sale of Joint Venture -- 668,000; Change in Benefit Obligation -- 1,530,000; Difference due to rounding -- 2,000 The Alliance for Global Education 1730 M Street NW Suite 402 Washington DC 20036 204249533 Education-Provides credit bearing, interdisciplinary study abroad programs in China & India. DE N/A Related 299000 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0