2014-05-13T07:43:23-05:00 2013-06-30 420714325 MCGLADREY LLP 1 S WACKER DRIVE STE 800 CHICAGO IL 60606 990 2012-07-01 310536640 Antioch University ANTI 9377691372 888 Dayton Street No 102 Yellow Springs OH 45387 Timothy G Jordan 9377691372 2014-05-13 1 Zack Fortsch P00052725 3126343400 2012 2015-11-30 17:44:51Z Felice Nudelman 888 Dayton Street No 102 Yellow Springs OH 45387 88122292 0 X www.Antioch.edu X 1852 OH Antioch University provides learner-centered education to empower students with the knowledge and skills to lead meaningful lives and to advance social, economic, and environmental justice. 14 14 1744 300 43120 0 5587893 5017975 67073434 61672189 7142144 877874 1236343 872513 81039814 68440551 2376565 4049767 0 0 48471867 48342373 47398 40250 2264636 24704849 21418970 75600679 73851360 5439135 -5410809 75347367 69426730 37801821 33995366 37545546 35431364 X Antioch University provides learner-centered education to empower students with the knowledge and skills to lead meaningful lives and to advance social, economic, and environmental justice. 0 0 53812560 4049767 61672189 Antioch University is a bold and enduring source of innovation in higher education serving over 5,000 adult students around the world and across the country, online and from its five campuses in four states in addition to its University-wide international and doctoral programs. Each campus offers degree programs that meet - and often anticipate - the pressing needs of its region and the wider world. Fiscal year 2013 included several milestones for Antioch University. First, the University was able to boost reserves by $8 million through the sale of WYSO radio station and the facility in which it is housed to Antioch College. The sale of WYSO was finalized on July 3, 2013, just after the close of the 2013 fiscal year, therefore the transaction will be recorded in fiscal year 2014.Second, the University completed successful executive searches and welcomed new leadership at three of our five campuses Seattle, New England and Midwest. And third, the University received reaffirmation of its accreditation by the Higher Learning Commission in December 2013. As a result, the University was re-accredited for 10 years. The effort, which included the completion of a significant "self-study" and comprehensive site visits to all campuses, helped move the university forward in many ways as "one integrated university" that is aligned to its mission and constantly adapting to best serve its target market. 53812560 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 1 1 1 0 0 1 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 4997 0 1 1744 1 1 1 0 0 0 0 1 1 0 0 0 0 X 14 14 0 1 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CA NH OH WA X X Timothy G Jordan 9377691304 888 Dayton Street No 102 Yellow Springs OH 45387 Bruce Bedford 5.00 X 0 0 0 Howard Coleman 5.00 X 0 0 0 Maureen Curley 5.00 X 0 0 0 Enrique Figueroa 5.00 X 0 0 0 Miguel Figueroa 5.00 X 0 0 0 William Graves 5.00 X 0 0 0 Reuben Harris 5.00 X 0 0 0 Ancella Livers 5.00 X 0 0 0 Elsa Luna 5.00 X 0 0 0 Janet Morgan 5.00 X 0 0 0 James Morley 5.00 X 0 0 0 Charlotte Roberts 5.00 X 0 0 0 Lawrence Stone 15.00 X 0 0 0 Arthur Zucker 5.00 X 0 0 0 Felice Nudelman 55.00 X 139927 0 24511 J Pari Sabety 55.00 X 204347 0 28280 Timothy Jordan 55.00 X 124843 0 28446 Tex Boggs 55.00 X 227384 0 14645 David Caruso 55.00 X 214878 0 30546 Ellen Hall 55.00 X 149700 0 0 Cassandra Manuelito-Kerkvliet 55.00 X 217487 0 23565 Nancy Leffert 55.00 X 197875 0 38187 Leslie Johnson 55.00 X 71121 0 16575 Laurien Alexandre 55.00 X 172208 0 34479 William Groves 55.00 X 217083 0 36321 David Houser 45.00 X 161360 0 23728 Rebecca Todd 45.00 X 152663 0 22960 Luis Pedraja 45.00 X 138216 0 37369 Stephen Neun 45.00 X 133127 0 29492 Amy Smith 45.00 X 129730 0 36115 Tullisse Murdock 55.00 X 466857 0 55582 Michael Fishbein 55.00 X 193145 0 36239 3311951 0 517040 42 1 1 0 Ellucian Co LP 2300 Maitland Ctr Pkwy Maitland FL 32751 Management Consultant 1418247 Young Construction 9 Ashley Ave Santa Barbara CA 93103 Construction 674355 WENCO Inc 1807 Dalton Drive New Carlisle OH 45344 Construction 234906 J M Stitt & Associates Inc 621 Mehring Way Suite 2607 Cincinnati OH 45202 Engineer 217215 Cookson Strategies Corporation 36 Lowell St Manchester NH 03101 Marketing Consultant 196923 14 77378 2542777 2397820 57720 5017975 Tuition 900099 61210852 61210852 Contracts 900099 297589 297589 Bookstore 451211 117949 117949 Srvcs of Auxillary Enterprises 900099 45799 45799 61672189 749213 749213 381139 0 381139 381139 43120 338019 19772629 19643968 128661 128661 128661 37033 77378 37773 -740 -740 492114 492114 492114 68440551 61672189 43120 1707267 4049767 4049767 2552483 117501 1641747 793235 35223148 28473131 5758936 991081 3189417 2480066 598152 111199 4411321 3083346 1219540 108435 2966004 2393175 493734 79095 1288000 1288000 304028 3720 300308 91200 91200 40250 40250 2983124 1491718 1483382 8024 1655007 411281 1238188 5538 2921908 1374052 1469315 78541 1033040 375843 657170 27 4766361 4689759 75957 645 1420139 911618 486657 21864 839542 428800 394354 16388 458306 458306 2436173 2239900 196273 32549 23899 8650 Memberships & Dues 612695 420071 189137 3487 Subscriptions and Publi 410590 383051 20712 6827 Bad Debt Expense 166308 3556 162752 0 73851360 53812560 17774164 2264636 6814157 4957861 2781695 1799155 968515 944619 5198891 5154179 2227633 2224887 49058279 22399344 28872724 26658935 28161880 27298475 321872 388619 75347367 69426730 8994725 6524231 4016985 3673581 19010000 18085000 313478 276956 5466633 5435598 37801821 33995366 X 24966436 22320721 8250200 8729009 4328910 4381634 37545546 35431364 75347367 69426730 X -5410809 1500094 1796533 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 7686521 52667 669093 53881 97874 8256526 7549974 33860 223317 46354 74276 7686521 3515588 334124 3754020 15090 38668 7549974 25319935 70015 1239303 19128 69354 23025183 3515588 29500960 338913 -4004810 230768 200584 83776 25319935 0.04070 0.47810 0.48120 0 0 224220 224220 40354367 16179872 24174495 5450387 4062888 1387499 3029305 2156584 872721 26658935 Student Loan Advances 4861675 Liabilities To Be Disposed Of 388619 Deposits Held for Others 185304 5435598 X 70484700 1500094 195901 1796533 3492528 66992172 1448379 1448379 68440551 72598882 195901 195901 72402981 1448379 1448379 73851360 Description of Intended Use of Endowment Funds: Part V, Line 4: The endowment of the University can be broken down into the following general categories: 29% student aid; 71% general institutional support. Description of Uncertain Tax Positions Under FIN 48: Part X, Line 2: The University is a qualifying organization under Section 501(c)(3) of the Internal Revenue Code (IRC) and is, therefore, exempt from income taxes under the IRC Section 501(a) on its normal operations. However, the University is taxed on other unrelated income, if any. The University is subject to federal income tax on rental income. The University follows FASB guidance on accounting for uncertainty in income taxes, which addresses the determination of whether tax benefits claimed or expected to be claimed on a tax return should be recorded in the financial statements. Under this guidance, the University may recognize the tax benefit from an uncertain tax position only if it is more likely than not that the tax position will be sustained on examination by taxing authorities, based on the technical merits of the position. Examples of tax positions include the tax-exempt status of the University, the continued tax-exempt status of bonds issued by the University, and various positions related to the potential sources of unrelated business taxable income (UBIT). The tax benefits recognized in the financial statements from such a position are measured based on the largest benefit that has a greater than 50 percent likelihood of being realized upon ultimate settlement. The guidance on accounting for uncertainty in income taxes also addresses de-recognition, classification, interest and penalties on income taxes, and accounting in interim periods. At June 30, 2013 and 2012, there were no unrecognized tax benefits indentified or recorded as liabilites. The University files forms 990 and 990-T in the U.S. federal jurisdiction and the required states. With few exceptions, the University is no longer subject to examination by the Internal Revenue Service for years before 2009. Part XI, Line 2d - Other Adjustments: Change in fair value of interest rate swaps 455,416. Postretirement changes other than net periodic postretirement cost 1,341,117. Part XI, Line 4b - Other Adjustments: Financial Aid 1,448,379. Part XII, Line 4b - Other Adjustments: Financial Aid 1,448,379. 1 1 0 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 Explanation of Government Financial Assistance Schedule E, Part I, Line 6 The University participates in the Federal Financial Aid program administered by the Department of Education as well as grant programs from the various states the University operates in. Schedule E, Part 1 Line 3 Antioch University, formerly known as Antioch College, has a proud history of being one of the first institutions in the mid 1850's to admit African Americans into the same academic programs as whites. It is also notably the alma mater of Coretta Scott King and others who worked for the civil rights movements of the 1960's. Shortly after its incorporation in 1852, it amended its articles of incorporation to provide that, "nor shall religious or theological opinions of any kind or considerations of race, creed, or national origin ever be used as a basis for excluding a person from its benefits." The University has since expanded its policy of nondiscrimination requiring that "Antioch provides equal opportunity for all qualified applicants and does not discriminate on the basis of race, color, gender, ancestry, religion, national origin, sexual orientation, gender identity, family status or disability in matters affecting employment or in providing access to programs." It now includes its nondiscrimination policy statement in all brochures and other recruitment materials as well as in the course catalog. Finally, the policy is clearly posted on the website of each University campus and program. Further, as per section 4.03 paragraph c, the University currently enrolls students of racial minorities in meaningful numbers. Per section 4.03 paragraph b of Rev. Proc. 75-50, 1975-2 CB 587, the University is not required to further annually publish its nondiscriminatory policy in the local community because it draws a substantial percentage of its students from a nationwide or large geographical area, as well as internationally. South America - Argentina, Bolivia, 0 2 Program Services Study Abroad Program 167887 South Asia - Afghanistan, Bangladesh, 0 6 Program Services Study Abroad Program 466285 Europe (Including Iceland & Greenland) - 1 2 Program Services Study Abroad Program 245028 East Asia and the Pacific - 0 1 Program Services Study Abroad Program 159474 Sub-Saharan Africa - Angola, 0 1 Program Services Study Abroad Program 107006 1 12 0 0 1 12 1145680 0 1145680 0 0 0 0 0 0 Method Used to Acccount for Expenditures: Schedule F, Part I, Line 3: The University reports expenditures in foreign countries per accounting principals generally accepted in the United States. Currency conversion occurs at the time the expense is incurred, or reimbursed by the University. X X X X X X X 1 Michelle Whiting & Associates 1401 E3rd St17 Long Beach CA 90802 Assisted with building relationships with local foundations 0 0 14000 -14000 Community Counseling Serivces 461 5th Avenue New York NY 10017 Evaluate the University's national fundraising capacity 0 0 26250 -26250 40250 -40250 AL AK AZ AR CA CO CT DE FL GA HI ID IL IN IA KS KY LA ME MD MA MI MN MS MO MT NE NV NH NJ NM NY NC ND OH OK OR PA RI SC SD TN TX UT VT VA WA WV WI WY Silent Auction 50412 30427 19985 2000 975 5323 Dinner 44299 34000 10299 5995 5529 4000 6178 1 19700 12951 6749 500 7273 114411 77378 37033 2000 7470 5529 4000 18774 37773 -740 1 Student Financial Aid, Scholarships, and Fellowships 1255 4049767 Procedure for Monitoring Grants in the U.S.: Part I, Line 2: Schedule I, Part I, Line 2: The University follows guidelines set by the Department of Education, and State Governments, to ensure that grants to students are awarded to eligible recipients. All documentation regarding the awarding of these grants is maintained in the student file. X X 1 1 X X X 1 0 0 0 0 0 0 0 0 Felice Nudelman 136306 0 0 0 3621 0 17550 0 6961 0 164438 0 0 0 J Pari Sabety 202025 0 0 0 2322 0 26263 0 2017 0 232627 0 0 0 Timothy Jordan 121820 0 0 0 3023 0 16465 0 11981 0 153289 0 0 0 Tex Boggs 209060 0 0 0 18324 0 13325 0 1320 0 242029 0 0 0 David Caruso 208020 0 0 0 6858 0 27069 0 3477 0 245424 0 0 0 Cassandra Manuelito-Kerkvliet 201124 0 0 0 16363 0 15596 0 7969 0 241052 0 0 0 Nancy Leffert 195096 0 0 0 2779 0 26537 0 11650 0 236062 0 0 0 Laurien Alexandre 170642 0 0 0 1566 0 23399 0 11080 0 206687 0 0 0 William Groves 215137 0 0 0 1946 0 28124 0 8197 0 253404 0 0 0 David Houser 160196 0 0 0 1164 0 20825 0 2903 0 185088 0 0 0 Rebecca Todd 151538 0 0 0 1125 0 19731 0 3229 0 175623 0 0 0 Luis Pedraja 137796 0 0 0 420 0 18746 0 18623 0 175585 0 0 0 Stephen Neun 131351 0 0 0 1776 0 17922 0 11570 0 162619 0 0 0 Amy Smith 128595 0 0 0 1135 0 17550 0 18565 0 165845 0 0 0 Tullisse Murdock 455657 0 0 0 11200 0 32500 0 23082 0 522439 0 0 0 Michael Fishbein 109622 0 0 0 83523 0 25590 0 10649 0 229384 0 0 0 Part I, Line 1a The University provided a taxable housing allowance to Tulisse Murdock in the amount of $3,000. The terms of the allowance and how it is to be used are outlined in the officer's employment contract. The allowance has been reviewed and approved by the executive committee. The following individuals also received a taxable housing allowance: -Ellen Hall received a taxable housing allowance of $7,200. -Cassandra Manuelito-Kerkvliet received a taxable housing allowance of $14,300. -Tex Boggs received a taxable housing allowance of $7,200. First class airline tickets are allowed only in accordance with the University travel policy and are provided as a nontaxable benefit. Charter travel is not provided. Nancy Leffert received a first class travel benefit per the University travel policy during the fiscal year. Part I, Line 1b The University does not maintain a written policy regarding the housing allowance. However, the awarding of the allowance is reviewed and approved by the executive committee of the Board of Governors each year. Further, the terms and uses of the allowances are outlined in the officer's employment contract. Part I, Line 4a Michael Fishbein received a severance payment in the amount of $81,772 during calendar year 2012. A Ohio Higher Education Facility Commission 346849674 67756BRB8 2006-03-03 13795000 Refund of June 1997 and 2000 Bonds and new construction 2006 0 0 0 B New Hampshire Health and Education Facilities Authority 020279866 644614KR9 2004-12-17 4320000 Refund of bonds issued in April 1993 and costs of issuance 0 0 0 C Washington State Housing Finance Commission 911874730 93978LCK0 2005-05-18 6780000 Refund of bonds issued in June 1996 and costs and issuance 0 0 0 A 3515000 13795000 1761255 251537 125678 11656530 2007 1 0 1 1 B 1340000 4320000 4186055 86400 40248 7297 2004 1 0 1 1 C 1955000 6780000 135600 68487 6575913 2006 0 1 1 1 A 0 0 0 0 0.00500 0.00500 1 0 0 B 0 0 0 0 0 0 0 C 0 0 0 0 0 0 0 A 0 0 0 1 1 1 PNC 6.400000000000 0 0 0 0 0 B 0 0 1 0 1 1 PNC 6.400000000000 0 0 0 0 0 C 0 0 1 0 1 1 Morgan Stanley 2.300000000000 0 0 0 0 0 A 0 B 0 C 0 Schedule K Part IV, Arbitrage, Line 2c Date Rebate Computation Performed Issuer Name: Ohio Higher Education Facility Commission Date the Rebate Computation was Performed: 03/24/2011 Schedule K, Columns A, B, and C, Part V - the organization has established written procedures to ensure that violations of federal tax requirements are timely identified and corrected through the voluntary closing agreement program if self-remediation is not available under the applicable regulations for fiscal year 2014. X 8 57720 FMV 0 0 1 1 Method for Determining Number of Contributions: Part I, Column (b): is the number of contributions. Third Party Use: Part I, Line 32b: A third party service processes the donation of cars, boats and vehicles. Only the net proceeds are forwarded to the University. All reporting paperwork is completed by the third party. Form 990, Part VI, Section A, line 1 In Article IV of the Board of Governors by-laws, section 4.4 states: Authorization for the Executive Committee to Act on Behalf of the Board of Governors. When certain matters ordinarily appropriate for subsequent action by the Board of Governors may be deemed to be appropriate by the Board to be delegated to its Executive Committee on behalf of the Board of Governors, the Board may formally provide such advance authorization by formal action, the terms of which shall be recorded in the minutes of the meeting of the Board of Governors. The Executive Committee shall consist of the following ex-officio members: the Chair of the Board of Governors who shall also serve as its chair, Vice Chair of the Board of Governors, Board Treasurer, the chairs of all standing committees other than those chaired by the Board Vice Chair or Board Treasurer, and Chancellor (without vote). They each shall serve on the Committee as long as they hold their respective leadership positions. Additionally, at least one at-large member shall be nominated annually by the Governance Committee for a renewable one-year term for election by the Board of Governors. Such person shall not serve for more than two consecutive years as the at-large member of the Executive Committee. Form 990, Part VI, Section A, line 3 The position of Chief Information Officer and the three Information Technology Directors are filled by employees of Ellucian as a part of the service contract the University has entered into with that organization. Form 990, Part VI, Section B, line 11 The Form 990 was reviewed by management and a copy was provided to the full Board of Governors ("BOG"). Questions from the BOG were reviewed and discussed by the Audit Committee with management prior to filing of the Form 990. Form 990, Part VI, Section B, line 12c The University Conflict of Interest policy is reviewed annually by each officer and member of the Board of Governors (as well as local campus Board of Trustees). Each individual signs a form annually confirming they have reviewed and understand the policy and disclosing any conflicts they may have. The Board of Governor's annually reviews these forms and approves a resolution stating that all officers and board members have submitted their form. If any conflicts are noted, the board will review the relationship and transaction and determine if further action is necessary. Each time a significant new contract is entered into outside of the annual disclosure period, the Board of Governors is questioned as to whether any conflict of interests exists. Management also does an assessment of any possible conflicts, as well, at this time. When a conflict may arise, depending on the circumstance, the member may either need to recuse him/herself during discussions of the conflicted activity, or they may be asked to resign. Form 990, Part VI, Section B, line 15 The Compensation Committee made up of independent members of the Executive Committee. They review industry data from several reputable sources. These sources included survey data of dozens of industry peers. In addition, the Committee would take into consideration the financial health of the institution and the increases provided to other key employees within the University. The Committee held discussions and ultimately voted upon the compensation provided to the Chancellor for the following year. The process was documented. For other officers and key employees, the Chancellor reviews industry data for comparable institutions. In addition, performance evaluations were completed. A compensation recommendation for these employees is based on this data, which is provided by the Chancellor to the Executive Committee who then votes on the final compensation. The process was documented. Form 990, Part VI, Section C, line 19 The University's governing documents are not made available to the public. If an individual or organization wishes to request a copy of these documents, the request will be evaluated by the Chancellor or her designee as to the appropriateness of making the documents available. The conflict of interest policy and financial statements are available on the University's website. Changes in Net Assets or Fund Balances: Form 990, Part XI, line 9: Change in fair value of interest rate swaps 455,416. Postretirement changes other than net periodic postretirement cost 1,341,117.