2014-05-15T15:37:31-05:00 2013-06-30 910189318 MOSS ADAMS LLP 9665 GRANITE RIDGE DRIVE SUITE 600 SAN DIEGO CA 92123 990 2012-07-01 952786163 WOODBURY UNIVERSITY WOOD 8187670888 7500 GLENOAKS BLVD BURBANK CA 915107846 KENNETH JONES 8187670888 2014-05-13 1 PATRICIA J MAYER P00188643 8586271400 2012 2015-11-30 17:44:51Z DR LUIS CALINGO 7500 GLENOAKS BLVD BURBANK CA 915107846 72036424 0 X WWW.WOODBURY.EDU X 1884 CA UNIVERSITY PROGRAMS FOR STUDENTS THAT LEADS TO AN UNDERGRADUATE OR GRADUATE DEGREE. 27 24 949 750 0 0 3946017 3236358 41707865 47894763 82629 691960 2935077 2984813 48671588 54807894 9698398 11357778 0 0 23697320 24368666 9570 6000 1037797 13918001 17065586 47323289 52798030 1348299 2009864 71880883 74095013 35254199 32524768 36626684 41570245 X WOODBURY UNIVERSITY IS COMMITTED TO PROVIDING THE HIGHEST LEVEL OF PROFESSIONAL AND LIBERAL ARTS EDUCATION. THE INTEGRATED NATURE OF OUR EDUCATIONAL ENVIRONMENT CULTIVATES SUCCESSFUL STUDENTS WITH A STRONG AND ENDURING SENSE OF PERSONAL AND SOCIAL RESPONSIBILITY. WE PREPARE INNOVATIVE LEARNERS WHO ARE ADEPT TO COMMUNICATING AND WILLING TO CROSS THE BOUNDARIES OF KNOWLEDGE IN A RAPIDLY CHANGING AND COMPLEX WORLD. 0 0 42325122 11357778 47894763 UNIVERSITY PROGRAMS FOR STUDENTS THAT LEADS TO AN UNDERGRADUATE OR GRADUATE DEGREE 42325122 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 1 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 1 137 0 1 949 1 0 0 0 0 0 1 1 0 0 0 0 X 27 24 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 0 1 1 0 CA X KENNETH J JONES 8182525106 7500 GLENOAKS BLVD BURBANK CA 915107846 BRIAN BOWMAN 1.00 X 0 0 0 STEPHEN CHANDLER 1.00 X 0 0 0 JOSEPH DE BRIYN 1.00 X 0 0 0 LAWRENCE HURWITZ 1.00 X 0 0 0 CHARLES JACKSON 1.00 X 0 0 0 ROBERT KUMMER 1.00 X 0 0 0 GREGORY LIPPE 1.00 X 0 0 0 LOUIS NAIDORF 1.00 X 42000 0 0 LAWRENCE SHOAF 1.00 X X 0 0 0 RONALD SODERLING 1.00 X 0 0 0 EDWARD SPIEGEL 1.00 X 0 0 0 JUDITH TAMKIN 1.00 X 0 0 0 CARL TERZIAN 1.00 X 0 0 0 WILLIAM THOMAS 1.00 X 0 0 0 EDDIE WANG 1.00 X 0 0 0 DAVID ST AMANT 1.00 X X 0 0 0 DAVID CRONENBOLD 1.00 X 0 0 0 PEGI MATSUDA 1.00 X 0 0 0 DAVID MISCH 1.00 X 0 0 0 WALTER MOSHER JR 1.00 X 0 0 0 LUIS CALINGO 40.00 X X 189800 0 1809 DAVID DAUWALDER 40.00 X X 0 0 0 JASON EARNHARDT 1.00 X 0 0 0 YOLANDA GORMAN 1.00 X 0 0 0 BARRY KURTZ 1.00 X 0 0 0 MALCOLM MCNEIL 1.00 X 0 0 0 IISE METCHEK 1.00 X 0 0 0 BRUCE C MUNSTER 1.00 X 0 0 0 CURT PRINGLE 1.00 X 0 0 0 MARLA CLEMOW 1.00 X 0 0 0 RUSSELL HANLIN 1.00 X 0 0 0 JAMES INMAN 1.00 X 0 0 0 RICHARD KING 1.00 X 0 0 0 ANI OKKASIAN 1.00 X 0 0 0 KENNETH JONES 40.00 X 171276 0 22038 SETA JAVOR 40.00 X 92326 0 12373 RICHARD NORDIN 40.00 X 193320 0 22546 DONALD ST CLAIR 40.00 X 184687 0 23781 STEVE DYER 40.00 X 135240 0 19230 ANDRE VAN NIEKERK 40.00 X 192278 0 24825 PAUL DECKER 40.00 X 145294 0 19753 PHYLLIS CREMER 40.00 X 136598 0 15761 SATINDER DHIMAN 40.00 X 155736 0 17161 KENNETH NIELSEN 40.00 X 300924 0 50870 1939479 0 230147 44 1 1 0 S3 BUILDERS PO BOX 11478 BURBANK CA 91510 CONSTRUCTION COMPANY 1489039 ANTHEM BLUE CROSS DEPT 5812 LOS ANGELES CA 90074 HEALTH CARE PROVIDER 1201363 BON APPETIT 1000 WEST TEMPLE STREET FILE 5019 LOS ANGELES CA 90074 CATERING/DINING HALL SERVICES 1065633 RENAISSANCE AGENCIES INC 12121 WILSHIRE BLVD STE 1001 LOS ANGELES CA 90025 STUDENT HEALTH INSURANCE PROVIDER 529488 IN FOCUS ADVERTISING 29219 CANWOOD STREET STE 101 AGOURA HILLS CA 91301 MARKETING 468474 24 100000 2131737 1004621 3236358 TUITION AND FEES 900099 47862897 47862897 PERKINS LOAN INTEREST 900099 31866 31866 47894763 471178 471178 17366336 17145554 220782 220782 220782 16340 100000 82976 -66636 -66636 AUXILIARY ENTERPRISES 611710 2198266 2198266 853183 853183 3051449 54807894 47894763 0 3676773 11357778 11357778 1199973 112309 666677 420987 176756 138256 38500 18374422 16494580 1723881 155961 1156286 855730 206892 93664 1406525 1091431 266293 48801 2054704 1766169 232828 55707 199366 198631 735 158464 158464 6000 6000 65687 65687 1196240 215258 921119 59863 1075600 51032 969956 54612 771273 622045 94464 54764 950205 743438 206677 90 1175775 329553 837246 8976 289163 215284 63549 10330 171966 124996 44634 2336 1233580 1233580 2746107 2746107 180023 180023 RESTRICTED EXPENSE 1608148 1608148 RESIDENTIAL FOOD SERV. 833848 833848 STUDENT ACTIVITY EXPENS 648352 579953 66528 1871 SECURITY 468164 332531 135633 3293625 873096 2357429 63100 52798030 42325122 9435111 1037797 3850676 3292648 1678756 1815703 1508924 1845874 753849 802258 71187656 26233927 44788894 44953729 16091925 18184273 1680959 1681363 1526900 1519165 71880883 74095013 822873 1079498 1516848 1352913 24260000 23710000 909967 641726 7744511 5740631 35254199 32524768 X 27289752 33088959 4343136 3469270 4993796 5012016 36626684 41570245 71880883 74095013 X 2009864 1503784 1429913 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 17055312 545661 1962674 178427 19385220 16732675 869532 -87944 458951 17055312 13484576 1210587 2166207 128695 16732675 10799498 1637495 1190555 142972 13484576 12307670 630268 -1989440 149000 10799498 0.82270 0.17400 0.00330 1 0 7384774 7384774 52948176 17984984 34963192 7362852 5301374 2061478 3491854 2947569 544285 44953729 OTHER PAYABLES 292005 ACCRUED PENSION 4426377 BOND INTEREST PAYABLE 560307 STUDENT FUNDS PAYABLE/DEPOSITS 347910 GIFT ANNUITY OBLIGATION 114032 5740631 X 46401102 1503784 82976 1586760 44814342 65687 9927865 9993552 54807894 41457541 82976 82976 41374565 65687 11357778 11423465 52798030 DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: THE UNIVERSITY HAS ADOPTED INVESTMENT AND SPENDING POLICIES FOR ENDOWMENT ASSETS THAT ATTEMPT TO PROVIDE A PREDICTABLE STREAM OF FUNDING TO PROGRAMS SUPPORTED BY ITS ENDOWMENT WHILE SEEKING TO MAINTAIN THE MARKET VALUE AS OF THE DONATION DATE OF THE ENDOWMENT ASSETS. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X, LINE 2: THE UNIVERSITY HAD NO UNRECOGNIZED TAX BENEFITS AT JUNE 30, 2013 AND 2012, RESPECTIVELY. THE UNIVERSITY FILES AN EXEMPT ORGANIZATION RETURN IN THE U.S. FEDERAL JURISDICTION AND WITH THE CALIFORNIA FRANCHISE TAX BOARD. THE UNIVERSITY IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS BY TAXING AUTHORITIES FOR YEARS BEFORE 2009 FOR ITS FEDERAL AND 2008 FOR ITS STATE TAX FILINGS. PART XI, LINE 2D - OTHER ADJUSTMENTS: RECLASS SPECIAL EVENT EXPENSE 82,976. PART XI, LINE 4B - OTHER ADJUSTMENTS: EXPENSE RECLASS - FUNDED SCHOLARSHIPS 11,009,891. EXPENSE RECLASS - FINANCIAL AID 347,887. CHANGE IN MINIMUM PENSION LIABILITY -1,429,913. PART XII, LINE 2D - OTHER ADJUSTMENTS: RECLASS SPECIAL EVENT EXPENSE 82,976. PART XII, LINE 4B - OTHER ADJUSTMENTS: EXPENSE RECLASS - FINANCIAL AID 11,009,891. EXPENSE RECLASS - FUNDED SCHOLARSHIPS 347,887. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 EXPLANATION OF NONDISCRIMINATORY POLICY PUBLICATION SCHEDULE E, PART I, LINE 3 THE UNIVERSITY'S NONDISCRIMINATION POLICY IS STATED IN ALL UNIVERSITY PUBLICATIONS, APPLICATIONS, RECRUITING LITERATURE, CATALOGUES, ETC. IT IS ALSO POSTED PROMINENTLY ON CAMPUS. EXPLANATION OF GOVERNMENT FINANCIAL ASSISTANCE SCHEDULE E, PART I, LINE 6 THE UNIVERSITY PARTICIPATES IN THE PERKINS LOAN PROGRAM. FASHION SHOW BENEFIT 116340 100000 16340 33911 33386 15679 116340 100000 16340 33911 33386 15679 82976 -66636 1 INSTITUTIONAL STUDENT AID 1212 11009891 FUNDED SCHOLARSHIPS 99 347887 PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, PART I, LINE 2: FOR SCHOLARSHIPS, THE UNIVERSITY'S FINANCIAL AID DEPARTMENT REVIEWS AND MATCHES THE REQUIREMENTS TO THE RECIPIENT. FOR GRANTS, A DIRECTOR FOR THE GRANT AUTHORIZES EXPENDITURES. FOR GOVERNMENT GRANTS, THE UNIVERSITY REVIEWS THE GOVERNMENT'S "DO NOT USE-VENDOR LIST" TO QUALIFY PROSPECTIVE VENDORS. X X X 1 1 X X X X X 0 0 0 0 0 0 0 0 0 LUIS CALINGO 155000 0 0 0 34800 0 0 0 1809 0 191609 0 0 0 KENNETH JONES 171276 0 0 0 0 0 18435 0 3603 0 193314 0 0 0 RICHARD NORDIN 193320 0 0 0 0 0 18928 0 3618 0 215866 0 0 0 DONALD ST CLAIR 184687 0 0 0 0 0 20191 0 3590 0 208468 0 0 0 STEVE DYER 135240 0 0 0 0 0 15671 0 3559 0 154470 0 0 0 ANDRE VAN NIEKERK 192278 0 0 0 0 0 21477 0 3348 0 217103 0 0 0 PAUL DECKER 145294 0 0 0 0 0 16301 0 3452 0 165047 0 0 0 PHYLLIS CREMER 136598 0 0 0 0 0 15343 0 418 0 152359 0 0 0 SATINDER DHIMAN 155736 0 0 0 0 0 16866 0 295 0 172897 0 0 0 KENNETH NIELSEN 300924 0 0 0 0 0 32711 0 18159 0 351794 0 0 0 PART I, LINE 1A THE UNIVERSITY PAYS THE MONTHLY MEMBERSHIP DUES FOR THE SOCIAL CLUBS TO WHICH BOTH DR. CALINGO AND MR. VAN NIEKERK BELONG. THE MEMBERSHIP DUES ARE NOT INCLUDED AS TAXABLE COMPENSATION AS THEY ARE FOR BUSINESS PURPOSES ONLY. A HOUSING ALLOWANCE IS PROVIDED TO THE PRESIDENT AND IS INCLUDED AS TAXABLE COMPENSATION. BUSINESS TRAVEL FOR COMPANIONS IS ALLOWED FOR THE PRESIDENT'S SPOUSE AND IS NOT INCLUDED AS TAXABLE COMPENSATION SINCE SUCH RELATED TRAVEL IS FOR BUSINESS PURPOSES. A CALIFORNIA EDUCATIONAL FACILITIES AUTHORITY 521705592 130178BGO 2006-01-11 19894727 CONSTRUCTION OF BUILDINGS 0 0 0 B CALIFORNIA EDUCATIONAL FACILITIES AUTHORITY 521705592 130178FR2 2007-02-27 7190996 CONSTRUCTION OF BUILDINGS 0 0 0 A 19974619 1292249 438210 139506 13728602 2008 1 0 1 1 B 7224646 420575 143889 36071 6617500 2008 0 0 1 1 A 0 0 0 0 0.00000 0.00000 0.00000 1 0 1 B 0 0 0 0 0.00000 0.00000 0.00000 1 0 1 A 0 0 0 0 0 0 1 CITIGROUP FINANCIAL PRODUCTS INC 1.900000000000 1 0 1 B 0 0 0 0 0 0 0 0 1 A 0 B 0 SCHEDULE K SUPPLENTAL INFORMATION THE ISSUE PRICE REPORTED ON SCHEDULE K, PART I, LINE B, COLUMN (E) OF $7,190,996 IS NOT THE SAME AMOUNT AS FORM 8038, PART III, LINE 21(B) AS WOODBURY UNIVERSITY IS NOT THE ONLY RECIPIENT OF FUNDS FROM THE ISSUE. SCH K, PART II, LINE 3 THE DIFFERENCE BETWEEN PART I COLUMN (E) ISSUE PRICE AND PART II LINE 3 TOTAL PROCEEDS OF ISSUE IS INVESTMENT INCOME ON RESERVE FUNDS. SCH K, PART V THE UNIVERSITY IS IN THE PROCESS OF DEVELOPING AND IMPLEMENTING APPROPRIATE WRITTEN PROCEDURES. IN THE MEANTIME, THE UNIVERSITY HAS EFFECTIVE MANAGEMENT REVIEWS AND MONITORING CONTROLS IN PLACE TO PREVENT OR DETECT ANY MATERIAL MISSTATEMENTS RELATED TO BONDS. JANET MCINTYRE ST CLAIR WIFE OF DON ST. CLAIR 36554 EMPLOYMENT 0 JANET MCINTYRE ST CLAIR WIFE OF DON ST. CLAIR 38500 INDEPENDENT CONTRACTOR 0 ST AMANT CONSTRUCTION COMPANY OWNED BY MATTHEW ST. AMANT, SON OF DAVID ST. AMANT (CHAIRMAN) 101703 INDEPENDENT CONTRACTOR 0 FORM 990, PART VI, SECTION B, LINE 11 A COPY OF FORM 990 IS PRESENTED, REVIEWED, AND APPROVED BY THE BOARD OF TRUSTEES-FINANCE COMMITTEE. OUR FORM 990 IS AVAILABLE FOR REVIEW OR COPY GIVEN TO ANY TRUSTEE REQUESTING IT. FORM 990, PART VI, SECTION B, LINE 12C ON AN ANNUAL BASIS, BOTH THE BOARD OF TRUSTEES AND EXECUTIVE MANAGEMENT PREPARE CONFLICT OF INTEREST TRANSACTION FORMS, AND ANY IMPROPER TRANSACTIONS ARE IDENTIFIED. FORM 990, PART VI, SECTION B, LINE 15 THE UNIVERSITY'S COMPENSATION POLICY IS DESIGNED TO PROVIDE EQUITABLE COMPENSATION TO EACH EMPLOYEE REFLECTIVE OF THE DUTIES AND RESPONSIBILITIES OF HIS/HER POSITION; TO MAINTAIN AN EQUITABLE RELATIONSHIP BETWEEN SALARIES PAID BY THE UNIVERSITY AND THOSE PAID EXTERNALLY FOR COMPARABLE OCCUPATIONAL GROUPS; TO REWARD EMPLOYEES ON THE BASIS OF PERFORMANCE AND LENGTH OF SERVICE, ETC. IN ORDER TO ACHIEVE THESE OBJECTIVES, THE PROGRAM CONSISTS OF POSITION DESCRIPTIONS THAT DEFINE THE CONTENT OF EACH POSITION, A COMPETITIVE SALARY STRUCTURE THAT TAKES INTO ACCOUNT WHAT OTHER ORGANIZATIONS PAY FOR SIMILAR WORK, POSITION EVALUATIONS THAT PLACE POSITIONS INTO APPROPRIATE SALARY GRADES WITHIN THE SALARY STRUCTURE, AND SALARY PLANNING THAT PROVIDES THE BASIS FOR SALARY INCREASES TO RECOGNIZE PERFORMANCE AND SALARY MOVEMENT IN THE EXTERNAL MARKETPLACE. PRESIDENT'S COMPENSATION - THE UNIVERSITY'S BOARD OF TRUSTEES ANNUALLY REVIEWS THE PRESIDENT'S COMPENSATION PACKAGE. THEIR REVIEW IS BASED ON THE STUDY OF COMPARATIVE SALARY AND BENEFITS DATA FOR PRESIDENTS AT COMPARABLE INDEPENDENT COLLEGES AND UNIVERSITIES IN CALIFORNIA. THE MOST RECENT REVIEW OCCURRED DURING 2013 AND BECAME EFFECTIVE JULY 1, 2013. BECAUSE INSTITUTIONS ARE PLACED IN CATEGORIES DEPENDENT ON INSTITUTIONAL CHARACTERISTICS THAT INCLUDE ENROLLMENT, ENDOWMENT, NUMBERS OF FULL-TIME FACULTY, REVENUE BUDGET, ETC., THE BOARD DETERMINES ITS DECISION BY STUDYING NOT ONLY THOSE INSTITUTIONS IN THE SAME CATEGORY AS WOODBURY (GROUP IVA) BUT ALSO THOSE IN GROUP III, GROUPS II-B AND II-A. THE BOARD ALSO EXERCISES FINAL AUTHORITY IN TERMS OF ANY ACROSS-THE-BOARD CPI INCREASES AND/OR CHANGES TO THE BENEFITS PACKAGE. TOP MANAGEMENT, OFFICERS & KEY EMPLOYEES - THE SALARY ADMINISTRATION OBJECTIVES NOTED IN THE INITIAL PARAGRAPH ABOVE UTILIZE A POINT-RATING JOB CLASSIFICATION SYSTEM THAT DETERMINES THE RELATIVE VALUE OF ALL POSITIONS. THE CLASSIFICATION SYSTEM DEFINES THOSE CHARACTERISTICS OF "FACTORS" THAT ARE PRESENT IN ALL POSITIONS EVALUATED WITHIN THE SYSTEM. THE DEGREE TO WHICH EACH "FACTOR" IS PRESENT IN A GIVEN JOB IS DETERMINED AND A POINT VALUE IS ASSIGNED TO EACH FACTOR. THE SUM OF THESE POINT VALUES DETERMINES THE POSITION GRADE THAT RESPONDS TO A SALARY STRUCTURE TO ENSURE EQUITY. THE UNIVERSITY RECOGNIZES THE NEED FOR INDIVIDUALIZED SALARY "STUDIES" FOR SEVERAL TOP MANAGEMENT POSITIONS WHOSE GRADE ASSIGNMENT COMPRISES THE UPPER LEVELS OF THE GRADE STRUCTURE. IN SUCH INSTANCES, SALARIES WITHIN THE SALARY STRUCTURE THAT ARE BELOW MARKET AND THAT ARE REQUIRED TO ATTRACT AND RETAIN QUALIFIED PERSONNEL WHO CAN PERFORM THE TASKS NECESSARY FOR THE SUCCESSFUL OPERATION OF THE UNIVERSITY ARE REVIEWED BY POSITION USING THE SAME CRITERIA AS THE BOARD UTILIZES FOR REVIEW OF THE PRESIDENT'S COMPENSATION PACKAGE. ALL FULL-TIME FACULTY, INCLUDING FULL-TIME LIBRARIANS, ARE COMPENSATED BASED ON ASSIGNED RANK ACCORDING TO A SET OF CRITERIA DEFINED IN THE FACULTY HANDBOOK. THESE CRITERIA COVER EDUCATIONAL REQUIREMENTS, TEACHING EXPERIENCE, PROFESSIONAL DEVELOPMENT AND COMMUNITY SERVICE. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 9: CHANGE IN MINIMUM PENSION LIABILITY 1,429,913.