AMERICAN UNIVERSITY OF ROME: Form 990, tax year 2012
View the entire original 990 at ProPublica ↗
- Organization
- AMERICAN UNIVERSITY OF ROME (EIN 23-7110060)
- Tax period
- 2012-07-01 to 2013-06-30
- Filed
- 2014-02-06
- IRS object ID
- 201420379349301107
- Schema version
- 2012v2.1
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990
- Schedule A
- Schedule B
- Schedule D
- Schedule E
- Schedule F
- Schedule I
- Schedule J
- Schedule O
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2014-02-06T10:18:22-06:00 | Timestamp |
| Tax Period End Date | 2013-06-30 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 521392008 | EIN |
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | GELMAN ROSENBERG & FREEDMAN | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 4550 MONTGOMERY AVE SUITE 650N | AddressLine1 |
| City | BETHESDA | City |
| State | MD | State |
| ZIP Code | 208142930 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2012-07-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 237110060 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | THE AMERICAN UNIVERSITY OF ROME | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | AMER | NameControl |
| Phone | 8775921287 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1860 19TH STREET NW NO 400 | AddressLine1 |
| City | WASHINGTON | City |
| State | DC | State |
| ZIP Code | 20009 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | RICHARD HODGES | Name |
| Title | PRESIDENT | Title |
| Phone | 8775921287 | Phone |
| Date Signed | 2014-02-06 | DateSigned |
| Authorize Third Party | 1 | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 3019519090 | Phone |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2012 | TaxYear |
| Build TS | 2015-11-30 17:44:51Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | RICHARD HODGES | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1860 19TH STREET NW NO 400 | AddressLine1 |
| City | WASHINGTON | City |
| State | DC | State |
| ZIP Code | 20009 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 10504458 | GrossReceipts |
| Group Return For Affiliates | 0 | GroupReturnForAffiliates |
| Organization501c3 | X | Organization501c3 |
| Web Site | WWW.AUR.EDU | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 1970 | YearFormation |
| State Legal Domicile | DC | StateLegalDomicile |
| Activity Or Mission Description | SEE PART III, LINE 1. | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 21 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 21 | NbrIndependentVotingMembers |
| Total Nbr Employees | 26 | TotalNbrEmployees |
| Total Nbr Volunteers | 21 | TotalNbrVolunteers |
| Total Gross UBI | 0 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | 0 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Prior Year | 109183 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 104757 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 11290635 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 10444938 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 57449 | InvestmentIncomePriorYear |
| Investment Income Current Year | 62517 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 73149 | OtherRevenuePriorYear |
| Other Revenue Current Year | -107754 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 11530416 | TotalRevenuePriorYear |
| Total Revenue Current Year | 10504458 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 433454 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 504161 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members Prior Year | 0 | BenefitsPaidToMembersPriorYear |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 3620219 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 3938052 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp Prior Year | 0 | TotalProfFundrsngExpPriorYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 25683 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 6449152 | OtherExpensePriorYear |
| Other Expenses Current Year | 6018741 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 10502825 | TotalExpensesPriorYear |
| Total Expenses Current Year | 10460954 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | 1027591 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | 43504 | RevenuesLessExpensesCY |
| Total Assets BOY | 6503068 | TotalAssetsBOY |
| Total Assets EOY | 5600674 | TotalAssetsEOY |
| Total Liabilities BOY | 3124911 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 2025674 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 3378157 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 3575000 | NetAssetsOrFundBalancesEOY |
| Info In Schedule O Part III | X | InfoInScheduleOPartIII |
| Mission Description | THE AMERICAN UNIVERSITY OF ROME IS A DEGREE-GRANTING AMERICAN UNIVERSITY. IT CONDUCTS AN AMERICAN UNIVERSITY LEVEL ACADEMIC PROGRAM IN ITS FACILITIES IN ROME (ITALY), AND COLLABORATES WITH COLLEGES AND UNIVERSITIES IN THE US AND ITALY TO ORGANIZE SPECIAL PROGRAMS, CONFERENCES, SEMINARS AND OTHER HIGHER EDUCATION PROGRAMS IN ROME. | MissionDescription |
| Significant New Program Services | 0 | SignificantNewProgramServices |
| Significant Change | 0 | SignificantChange |
| Expense | 6610621 | Expense |
| Grants | 504161 | Grants |
| Revenue | 10444938 | Revenue |
| Description | GENERAL: TO ESTABLISH, OPERATE, MAINTAIN AND MAKE KNOWN AN AMERICAN COLLEGE AND UNIVERSITY IN THE CITY OF ROME, ITALY. | Description |
| Total Program Service Expense | 6610621 | TotalProgramServiceExpense |
| Described In501 C3 | 1 | DescribedIn501C3 |
| Schedule B Required | 1 | ScheduleBRequired |
| Political Activities | 0 | PoliticalActivities |
| Lobbying Activities | 0 | LobbyingActivities |
| Subject To Proxy Tax | 0 | SubjectToProxyTax |
| Donor Advised Funds | 0 | DonorAdvisedFunds |
| Conservation Easements | 0 | ConservationEasements |
| Collections Of Art | 0 | CollectionsOfArt |
| Credit Counseling | 0 | CreditCounseling |
| Term Or Permanent Endowments | 0 | TermOrPermanentEndowments |
| Report Land Bldg Equip | 1 | ReportLandBldgEquip |
| Report Invest Oth Securities | 0 | ReportInvestOthSecurities |
| Report Prog Rel Invest | 0 | ReportProgRelInvest |
| Report Other Assets | 0 | ReportOtherAssets |
| Report Other Liabilities | 1 | ReportOtherLiabilities |
| Report Fin48 Footnote | 0 | ReportFin48Footnote |
| Independent Audit Financial Stmt | 0 | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | 0 | ConsolidatedAuditFinancialStmt |
| School | 1 | School |
| Foreign Office | 1 | ForeignOffice |
| Foreign Activities | 1 | ForeignActivities |
| More Than5000 K To Organizations | 0 | MoreThan5000KToOrganizations |
| More Than5000 K To Individuals | 1 | MoreThan5000KToIndividuals |
| Professional Fundraising | 0 | ProfessionalFundraising |
| Fundraising Activities | 0 | FundraisingActivities |
| Gaming | 0 | Gaming |
| Hospital | 0 | Hospital |
| Grants To Organizations | 1 | GrantsToOrganizations |
| Grants To Individuals | 0 | GrantsToIndividuals |
| Schedule J Required | 1 | ScheduleJRequired |
| Tax Exempt Bonds | 0 | TaxExemptBonds |
| Excess Benefit Transaction | 0 | ExcessBenefitTransaction |
| Prior Excess Benefit Transaction | 0 | PriorExcessBenefitTransaction |
| Loan To Officer Or DQP | 0 | LoanToOfficerOrDQP |
| Grant To Related Person | 0 | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | 0 | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | 0 | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | 0 | OfficerEntityWithBsnssRltnshp |
| Deductible Non Cash Contributions | 0 | DeductibleNonCashContributions |
| Deductible Contributions Of Art | 0 | DeductibleContributionsOfArt |
| Terminated | 0 | Terminated |
| Partial Liquidation | 0 | PartialLiquidation |
| Disregarded Entity | 0 | DisregardedEntity |
| Related Entity | 0 | RelatedEntity |
| Related Org Controlled Entity | 0 | RelatedOrgControlledEntity |
| Transfers To Exempt Non Chrtbl Org | 0 | TransfersToExemptNonChrtblOrg |
| Activities Conducted Partnership | 0 | ActivitiesConductedPartnership |
| Schedule O Required | 1 | ScheduleORequired |
| Number Forms Transmitted With1096 | 150 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Compliance With Backup Witholding | 1 | ComplianceWithBackupWitholding |
| Number Of Employees | 26 | NumberOfEmployees |
| Employment Tax Returns Filed | 1 | EmploymentTaxReturnsFiled |
| Unrelated Business Income | 0 | UnrelatedBusinessIncome |
| Foreign Financial Account | 1 | ForeignFinancialAccount |
| Name Of Foreign Country | IT | NameOfForeignCountry |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTrans |
| Taxable Party Notification | 0 | TaxablePartyNotification |
| Non Deductible Contributions | 0 | NonDeductibleContributions |
| Quid Pro Quo Contributions | 0 | QuidProQuoContributions |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOf |
| Funds To Pay Premiums | 0 | FundsToPayPremiums |
| Premiums Paid | 0 | PremiumsPaid |
| Indoor Tanning Services | 0 | IndoorTanningServices |
| Info In Schedule O Part VI | X | InfoInScheduleOPartVI |
| Nbr Voting Governing Body Members | 21 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 21 | NumberIndependentVotingMembers |
| Family Or Business Relationship | 0 | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | 0 | DelegationOfManagementDuties |
| Changes To Organizing Docs | 0 | ChangesToOrganizingDocs |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuse |
| Members Or Stockholders | 0 | MembersOrStockholders |
| Election Of Board Members | 0 | ElectionOfBoardMembers |
| Decisions Subject To Approval | 0 | DecisionsSubjectToApproval |
| Minutes Of Governing Body | 1 | MinutesOfGoverningBody |
| Minutes Of Committees | 1 | MinutesOfCommittees |
| Officer Mailing Address | 0 | OfficerMailingAddress |
| Local Chapters | 0 | LocalChapters |
| Form990 Provided To Governing Body | 1 | Form990ProvidedToGoverningBody |
| Conflict Of Interest Policy | 1 | ConflictOfInterestPolicy |
| Annual Disclosure Covered Persons | 1 | AnnualDisclosureCoveredPersons |
| Regular Monitoring Enforcement | 1 | RegularMonitoringEnforcement |
| Whistleblower Policy | 1 | WhistleblowerPolicy |
| Document Retention Policy | 1 | DocumentRetentionPolicy |
| Compensation Process CEO | 1 | CompensationProcessCEO |
| Compensation Process Other | 0 | CompensationProcessOther |
| Investment In Joint Venture | 0 | InvestmentInJointVenture |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
Name Business NameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RICHARD HODGES | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Telephone Number | 8775921287 | TelephoneNumber |
Address Foreign AddressForeign
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | AUR VIA PIETRO ROSELLI | AddressLine1 |
| City | 400153, ROME | City |
| Country | IT | Country |
Form990 Part VII Section A Form990PartVIISectionA (25 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | OfficerOfficer | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation |
|---|---|---|---|---|---|---|
| GABRIL A BATTISTA | ||||||
| CHAIR | 10.00 | X | X | 0 | 0 | 0 |
| ANDREW A PALMIERI | ||||||
| VICE CHAIR | 7.00 | X | X | 0 | 0 | 0 |
| ROBERT J KRAPF | ||||||
| SECRETARY | 7.00 | X | X | 0 | 0 | 0 |
| ANTHONY J MANGANIELLO | ||||||
| CHAIR, FINANCE COMMITTEE | 4.00 | X | X | 0 | 0 | 0 |
| JOSEPH V DEL RASO | ||||||
| CHAIR EMERITUS | 4.00 | X | X | 0 | 0 | 0 |
| SIMONE AMORICO | ||||||
| TRUSTEE | 4.00 | X | 0 | 0 | 0 | |
| AGATHA W AURBACH | ||||||
| TRUSTEE | 4.00 | X | 0 | 0 | 0 | |
| LAWRENCE AURIANA | ||||||
| TRUSTEE | 4.00 | X | 0 | 0 | 0 | |
| AMATO BERARDI | ||||||
| TRUSTEE | 4.00 | X | 0 | 0 | 0 | |
| ROBERT E CARLUCCI | ||||||
| TRUSTEE | 4.00 | X | 0 | 0 | 0 | |
| SUSAN L CROWLEY | ||||||
| TRUSTEE | 4.00 | X | 0 | 0 | 0 | |
| NICHOLAS A GIORDANO | ||||||
| TRUSTEE | 4.00 | X | 0 | 0 | 0 | |
| LEILA GONZALES SULLIVAN | ||||||
| TRUSTEE | 4.00 | X | 0 | 0 | 0 | |
| DOMINIC R MASSARO | ||||||
| TRUSTEE | 4.00 | X | 0 | 0 | 0 | |
| MICHAEL J MCGINNISS | ||||||
| TRUSTEE | 4.00 | X | 0 | 0 | 0 | |
| ROBERT B MURPHY | ||||||
| TRUSTEE | 4.00 | X | 0 | 0 | 0 | |
| SUZANNE F NICHOLSON | ||||||
| TRUSTEE | 4.00 | X | 0 | 0 | 0 | |
| DOMENICO OLIVA | ||||||
| TRUSTEE | 4.00 | X | 0 | 0 | 0 | |
| EDWARD F REILLY | ||||||
| TRUSTEE | 4.00 | X | 0 | 0 | 0 | |
| NEIL BOYDEN TANNER | ||||||
| TRUSTEE | 4.00 | X | 0 | 0 | 0 | |
| GIULIA VENTRICINI | ||||||
| TRUSTEE | 4.00 | X | 0 | 0 | 0 | |
| RICHARD HODGES | ||||||
| PRESIDENT | 40.00 | X | 130224 | 0 | 0 | |
| STEFANO BUTTINELLI | ||||||
| CFO | 40.00 | X | 108579 | 0 | 32666 | |
| GILIOLA PILLONI | ||||||
| VICE PRESIDENT | 40.00 | X | 95890 | 0 | 27621 | |
| ANDREW THOMPSON | ||||||
| EXECUTIVE VICE PRESIDENT | 40.00 | X | 189703 | 0 | 37922 | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 524396 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 0 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 98209 | TotalOtherCompensation |
| Number Individuals GT100 K | 3 | NumberIndividualsGT100K |
| Formers Listed | 0 | FormersListed |
| Total Comp GT150 K | 1 | TotalCompGT150K |
| Compensation From Other Sources | 0 | CompensationFromOtherSources |
Contractor Compensation ContractorCompensation
Name Of Contractor NameOfContractor
Name Business NameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | AURORA SERVICE SRL | BusinessNameLine1 |
Address Of Contractor AddressOfContractor
Address Foreign AddressForeign
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | VIA BENNICELLI 44-00151 | AddressLine1 |
| City | ROME | City |
| Country | IT | Country |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description Of Services | STUDENT HOUSING CLEANING & MAINT. | DescriptionOfServices |
| Compensation | 873648 | Compensation |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of Contractors GT100 K | 1 | NumberOfContractorsGT100K |
| All Other Contributions | 104757 | AllOtherContributions |
| Total Contributions | 104757 | TotalContributions |
Program Service Revenue ProgramServiceRevenue (3 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome |
|---|---|---|---|
| TUITION | 900099 | 7645649 | 7645649 |
| HOUSING | 900099 | 2504172 | 2504172 |
| FIELD TRIP/OTHER REIMB. | 900009 | 295117 | 295117 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 10444938 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 62517 | TotalRevenueColumn |
| Exclusion | $62,517 | ExclusionAmount |
Other Revenue Misc OtherRevenueMisc (2 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | ExclusionExclusionAmount |
|---|---|---|---|
| MISCELLANEOUS | 900099 | 9504 | $9,504 |
| CURREN. EXCHANGE LOSS | 900099 | -117258 | -$117,258 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Revenue | -107754 | TotalOtherRevenue |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 10504458 | TotalRevenueColumn |
| Related Or Exempt Function Income | 10444938 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 0 | UnrelatedBusinessRevenue |
| Exclusion | -$45,237 | ExclusionAmount |
Grants To Domestic Orgs GrantsToDomesticOrgs
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 30229 | Total |
| Program Services | 30229 | ProgramServices |
Foreign Grants ForeignGrants
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 473932 | Total |
| Program Services | 473932 | ProgramServices |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 746860 | Total |
| Program Services | 56761 | ProgramServices |
| Management And General | 672174 | ManagementAndGeneral |
| Fundraising | 17925 | Fundraising |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2397478 | Total |
| Program Services | 1321011 | ProgramServices |
| Management And General | 1069275 | ManagementAndGeneral |
| Fundraising | 7192 | Fundraising |
Pension Plan Contributions PensionPlanContributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 75359 | Total |
| Program Services | 41523 | ProgramServices |
| Management And General | 33610 | ManagementAndGeneral |
| Fundraising | 226 | Fundraising |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 113426 | Total |
| Program Services | 62498 | ProgramServices |
| Management And General | 50588 | ManagementAndGeneral |
| Fundraising | 340 | Fundraising |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 604929 | Total |
| Program Services | 295205 | ProgramServices |
| Management And General | 309724 | ManagementAndGeneral |
Fees For Services Legal FeesForServicesLegal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 28813 | Total |
| Management And General | 28813 | ManagementAndGeneral |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 37418 | Total |
| Program Services | 23162 | ProgramServices |
| Management And General | 14256 | ManagementAndGeneral |
Fees For Services Other FeesForServicesOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 234769 | Total |
| Program Services | 134992 | ProgramServices |
| Management And General | 99777 | ManagementAndGeneral |
Advertising Advertising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 274519 | Total |
| Management And General | 274519 | ManagementAndGeneral |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 324296 | Total |
| Program Services | 125827 | ProgramServices |
| Management And General | 198469 | ManagementAndGeneral |
Information Technology InformationTechnology
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 300447 | Total |
| Program Services | 172757 | ProgramServices |
| Management And General | 127690 | ManagementAndGeneral |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 3462216 | Total |
| Program Services | 3185239 | ProgramServices |
| Management And General | 276977 | ManagementAndGeneral |
Travel Travel
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 53670 | Total |
| Program Services | 12344 | ProgramServices |
| Management And General | 41326 | ManagementAndGeneral |
Conferences Meetings ConferencesMeetings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 77753 | Total |
| Program Services | 22782 | ProgramServices |
| Management And General | 54971 | ManagementAndGeneral |
Interest Interest
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 174 | Total |
| Management And General | 174 | ManagementAndGeneral |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 195247 | Total |
| Program Services | 112267 | ProgramServices |
| Management And General | 82980 | ManagementAndGeneral |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 90127 | Total |
| Management And General | 90127 | ManagementAndGeneral |
Other Expenses OtherExpenses (4 entries)
| DescriptionDescription | TotalTotal | Program ServicesProgramServices | Management And GeneralManagementAndGeneral |
|---|---|---|---|
| TAXES | 262630 | 151012 | 111618 |
| FIELD TRIPS | 200263 | 115151 | 85112 |
| CLEANING COSTS | 66630 | 38312 | 28318 |
| SECURITY | 65024 | 37389 | 27635 |
All Other Expenses AllOtherExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 344745 | Total |
| Program Services | 198228 | ProgramServices |
| Management And General | 146517 | ManagementAndGeneral |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 10460954 | Total |
| Program Services | 6610621 | ProgramServices |
| Management And General | 3824650 | ManagementAndGeneral |
| Fundraising | 25683 | Fundraising |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 5605 | BOY |
| EOY | 12812 | EOY |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1936290 | BOY |
| EOY | 1701146 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2456250 | BOY |
| EOY | 1367424 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 599917 | BOY |
| EOY | 605543 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 3888427 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 3486670 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 377393 | BOY |
| EOY | 401757 | EOY |
Investments Pub Traded Securities InvestmentsPubTradedSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1059520 | BOY |
| EOY | 1440723 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 68093 | BOY |
| EOY | 71269 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 6503068 | BOY |
| EOY | 5600674 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1079453 | BOY |
| EOY | 1106745 | EOY |
Deferred Revenue DeferredRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1617164 | BOY |
| EOY | 473966 | EOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 428294 | BOY |
| EOY | 444963 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 3124911 | BOY |
| EOY | 2025674 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 3338626 | BOY |
| EOY | 3521521 | EOY |
Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 39531 | BOY |
| EOY | 53479 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 3378157 | BOY |
| EOY | 3575000 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 6503068 | BOY |
| EOY | 5600674 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | X | InfoInScheduleOPartXI |
| Reconcilation Revenue Expenses | 43504 | ReconcilationRevenueExpenses |
| Reconcilation Other Changes | 153339 | ReconcilationOtherChanges |
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | 0 | AccountantCompileOrReview |
| FS Audited | 1 | FSAudited |
FS Audited Basis FSAuditedBasis
| Field | Value | IRS element (for citing) |
|---|---|---|
| Financial Statement Separate | X | FinancialStatementSeparate |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | 1 | AuditCommittee |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequired |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| School170b1 Aii | X | School170b1Aii |
Schedule B IRS990ScheduleB
Contributor Info ContributorInfo
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor Number | RESTRICTED | ContributorNumber |
Contributor Name Business ContributorNameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor Address US ContributorAddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Aggregate Contributions | RESTRICTED | AggregateContributions |
Schedule D IRS990ScheduleD
Leasehold Improvements LeaseholdImprovements
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 844088 | OtherCostOrOtherBasis |
| Depreciation | 783037 | Depreciation |
| Book Value | 61051 | BookValue |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 1486958 | OtherCostOrOtherBasis |
| Depreciation | 1335656 | Depreciation |
| Book Value | 151302 | BookValue |
Other Land Buildings OtherLandBuildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 1557381 | OtherCostOrOtherBasis |
| Depreciation | 1367977 | Depreciation |
| Book Value | 189404 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 401757 | TotalOfBookValueLandBuildings |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | SEVERANCE PAYABLE | Description |
| Amount | $444,963 | Amount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 444963 | TotalOfAmounts |
| Tot Revenue Etc Audited Fincl Stmt | 10186589 | TotRevenueEtcAuditedFinclStmt |
| Other Revenues | 186292 | OtherRevenues |
| Revenue Not Rptd F990 | 186292 | RevenueNotRptdF990 |
| Revenue Subtotal | 10000297 | RevenueSubtotal |
| Other Revenues Not Included | 504161 | OtherRevenuesNotIncluded |
| Revenue Not Rptd On Fin Stmt | 504161 | RevenueNotRptdOnFinStmt |
| Total Revenue Per Form990 | 10504458 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 10143085 | TotExpensesEtcAuditedFinclStmt |
| Other Expenses Included | 186292 | OtherExpensesIncluded |
| Expenses Not Rptd F990 | 186292 | ExpensesNotRptdF990 |
| Expenses Subtotal | 9956793 | ExpensesSubtotal |
| Other Expenses Not Included | 504161 | OtherExpensesNotIncluded |
| Expenses Not Rptd On Fin Stmt | 504161 | ExpensesNotRptdOnFinStmt |
| Total Expenses Per Form990 | 10460954 | TotalExpensesPerForm990 |
Form990 Schedule D Part XIII Form990ScheduleDPartXIII (4 entries)
| IdentifierIdentifier | ExplanationExplanation |
|---|---|
| PART XI, LINE 2D - OTHER ADJUSTMENTS: | EXCHANGE LOSS SHOWN AS EXPENSE ON THE FINANCIAL STATEMENTS 186,292. AND INCLUDED AS REVENUE ON THE FORM 990. |
| PART XI, LINE 4B - OTHER ADJUSTMENTS: | SCHOLARSHIP NETTED AGAINST REVENUE ON THE FINANCIAL 504,161. STATEMENTS AND REPORTED AS AN EXPENSE ON THE FORM 990. |
| PART XII, LINE 2D - OTHER ADJUSTMENTS: | EXCHANGE LOSS SHOWN AS EXPENSE ON THE FINANCIAL STATEMENTS 186,292. AND INCLUDED AS REVENUE ON THE FORM 990. |
| PART XII, LINE 4B - OTHER ADJUSTMENTS: | SCHOLARSHIP NETTED AGAINST REVENUE ON THE FINANCIAL 504,161. STATEMENTS AND REPORTED AS AN EXPENSE ON THE FORM 990. |
Schedule E IRS990ScheduleE
| Field | Value | IRS element (for citing) |
|---|---|---|
| Nondiscriminatory Policy Stmt | 1 | NondiscriminatoryPolicyStmt |
| Policy Statement In Brochures Etc | 1 | PolicyStatementInBrochuresEtc |
| Policy Publ Via Broadcast Media | 1 | PolicyPublViaBroadcastMedia |
| Maint Racial Composition Records | 0 | MaintRacialCompositionRecords |
| Maint Scholarships Records | 1 | MaintScholarshipsRecords |
| Maint Copies Of Brochures Etc | 1 | MaintCopiesOfBrochuresEtc |
| Maint Copies Of All Solicitations | 1 | MaintCopiesOfAllSolicitations |
| Discriminate Race Students Rights | 0 | DiscriminateRaceStudentsRights |
| Discriminate Race Admiss Policies | 0 | DiscriminateRaceAdmissPolicies |
| Discriminate Race Emplmn Faculty | 0 | DiscriminateRaceEmplmnFaculty |
| Discriminate Race Scholarships | 0 | DiscriminateRaceScholarships |
| Discriminate Race Educ Policies | 0 | DiscriminateRaceEducPolicies |
| Discriminate Race Use Of Fclts | 0 | DiscriminateRaceUseOfFclts |
| Discriminate Race Athletic Prog | 0 | DiscriminateRaceAthleticProg |
| Discriminate Race Other Acty | 0 | DiscriminateRaceOtherActy |
| Government Financial Aid Received | 0 | GovernmentFinancialAidReceived |
| Government Financial Aid Revoked | 0 | GovernmentFinancialAidRevoked |
| Compliance With Rev Proc7550 | 1 | ComplianceWithRevProc7550 |
Form990 Schedule E Part II Form990ScheduleEPartII (2 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| EXPLANATION OF NONDISCRIMINATORY POLICY PUBLICATION | SCHEDULE E, PART I, LINE 3 | EQUAL OPPORTUNITY DISCLOSURE INCLUDED ON THE WEBSITE AT THE MAIN PAGES AND IN THE CATALOG. |
| EXPLANATION OF DOCUMENT RETENTION | SCHEDULE E, PART I, LINE 4 | THE UNIVERSITY KEEPS INFORMATION BY NATIONALITY ONLY. IN ITALY IT IS NOT REQUIRED TO KEEP RACIAL INFORMATION, UNLESS THERE IS A SPECIFIC REASON. WE HAVE NO SPECIFIC REASONS TO REQUIRE ETHNIC INFORMATION, WHICH IS CONSIDERED SENSITIVE IN ITALY. WE DO HOWEVER HAVE SPECIFIC POLICIES ON NON-DISCRIMINATION. THESE ARE CONTAINED IN ALL OUR HANDBOOKS (STAFF, FACULTY AND STUDENT) AND ON OUR WEB SITE. |
Schedule F IRS990ScheduleF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | 1 | GrantRecordsMaintained |
Accts Actvs Out US Table AcctsActvsOutUSTable (2 entries)
| RegionRegion | Number Of OfficesNumberOfOffices | Number Of EmployeesNumberOfEmployees | Type Of Activities ConductedTypeOfActivitiesConducted | Specific Services ProvidedSpecificServicesProvided | Total ExpendituresTotalExpenditures |
|---|---|---|---|---|---|
| EUROPE | 1 | 84 | PROGRAM SERVICES | ACADEMIC INSTRUCTION | 6136689 |
| EUROPE | 0 | 0 | GRANTS TO RECIPIENTS LOCATED IN THE REGION | 473932 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Subtotal Number Of Offices | 1 | SubtotalNumberOfOffices |
| Subtotal Number Of Employees | 84 | SubtotalNumberOfEmployees |
| Cont Number Of Offices | 0 | ContNumberOfOffices |
| Cont Number Of Employees | 0 | ContNumberOfEmployees |
| Total Number Of Offices | 1 | TotalNumberOfOffices |
| Total Number Of Employees | 84 | TotalNumberOfEmployees |
| Subtotal Amount Spent | 6610621 | SubtotalAmountSpent |
| Cont Amount Spent | 0 | ContAmountSpent |
| Total Amount Spent | 6610621 | TotalAmountSpent |
Grants To Ind Outside US GrantsToIndOutsideUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Type Of Assistance | STUDENT SCHOLARSHIP AND WORK ASSISTANCE | TypeOfAssistance |
| Region | EUROPE | Region |
| Number Of Recipients | 92 | NumberOfRecipients |
| Amount Of Cash Grant | 473932 | AmountOfCashGrant |
| Manner Of Cash Disbursement | FULL OR PARTIAL OFFSET OF TUITION PAYMENT OR CASH TO STUDENT | MannerOfCashDisbursement |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Transfer To Foreign Corp | 0 | TransferToForeignCorp |
| Interest In Foreign Trust | 0 | InterestInForeignTrust |
| Own Foreign Corp | 0 | OwnForeignCorp |
| Passive Foreign Invest Co | 0 | PassiveForeignInvestCo |
| Foreign Partnership | 0 | ForeignPartnership |
| Boycott Countries | 0 | BoycottCountries |
Form990 Schedule F Part V Form990ScheduleFPartV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | PROCEDURE FOR MONITORING GRANTS OUTSIDE THE U.S.: | Identifier |
| Explanation | SCHEDULE F, PART I, LINE 2: THE AMERICAN UNIVERSITY OF ROME MAINTAINS AN ACADEMIC SCHOLARSHIP GRANT PROGRAM FOR QUALIFIED STUDENTS. GRANTS ARE AWARDED PURSUANT TO ESTABLISH POLICIES AND PROCEDURES AND MONITORED BY THE AUR FINANCIAL AID OFFICE. AUR IS AUTHORIZED BY THE UNITED STATES DEPARTMENT OF EDUCATION TO PARTICIPATE IN TITLE IV STUDENT FINANCIAL ASSISTANCE PROGRAM, IS IN COMPLIANCE WITH US TITLE IV REQUIREMENTS AND ACCORDINGLY IS SUBMITTED TO AUDIT ON AN ANNUAL BASIS. | Explanation |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Records Maintained | 1 | RecordsMaintained |
Recipient Table RecipientTable
Recipient Name Business RecipientNameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | UNIVERSITY OF MARYLAND | BusinessNameLine1 |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1101 HOLZAPFEL HALL | AddressLine1 |
| City | COLLEGE PARK | City |
| State | MD | State |
| ZIP Code | 20742 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN Of Recipient | 522197313 | EINOfRecipient |
| IRC Section | 501(C)(3) | IRCSection |
| Amount Of Cash Grant | 16233 | AmountOfCashGrant |
| Purpose Of Grant | SCHOLARSHIPS FOR STUDENTS STUDYING ABROAD AT AUR | PurposeOfGrant |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Nbr Of501 C3 And Govt Grants | 1 | TotalNbrOf501C3AndGovtGrants |
| Total Nbr Of Other Organizations | 0 | TotalNbrOfOtherOrganizations |
Form990 Schedule I Part IV Form990ScheduleIPartIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | PROCEDURE FOR MONITORING GRANTS IN THE U.S.: | Identifier |
| Return Reference | PART I, LINE 2: | ReturnReference |
| Explanation | SCHEDULE I, PART I, LINE 2: GRANTS ARE SCHOLARSHIPS GIVEN TO UNIVERSITY AND COLLEGES FOR THEIR STUDENTS ATTENDING STUDY ABROAD PROGRAMS HELD AT THE AMERICAN UNIVERSITY OF ROME IN ROME, ITALY. THE SCHOLARSHIPS ARE DETERMINED BY SCHOLAR MERIT AND OR FINANCIAL NEED. | Explanation |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Housing Allowance Or Residence | X | HousingAllowanceOrResidence |
| Written Policy Re T And E Expenses | 0 | WrittenPolicyReTAndEExpenses |
| Substantiation Required | 1 | SubstantiationRequired |
| Independent Consultant | X | IndependentConsultant |
| Board Or Committee Approval | X | BoardOrCommitteeApproval |
| Severance Payment | 0 | SeverancePayment |
| Supplemental Nonqual Retire Plan | 0 | SupplementalNonqualRetirePlan |
| Equity Based Comp Arrangement | 0 | EquityBasedCompArrangement |
| Comp Based On Revenue Of Filing Org | 0 | CompBasedOnRevenueOfFilingOrg |
| Comp Based On Revenue Related Orgs | 0 | CompBasedOnRevenueRelatedOrgs |
| Comp Based Net Earnings Filing Org | 0 | CompBasedNetEarningsFilingOrg |
| Comp Based Net Earnings Relate Orgs | 0 | CompBasedNetEarningsRelateOrgs |
| Any Non Fixed Payments | 1 | AnyNonFixedPayments |
| Initial Contract Exception | 0 | InitialContractException |
Form990 Schedule J Part II Form990ScheduleJPartII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Person | ANDREW THOMPSON | NamePerson |
| Title | EXECUTIVE VICE PRESIDENT | Title |
| Base Compensation Filing Org | 176855 | BaseCompensationFilingOrg |
| Comp Based On Related Orgs | 0 | CompBasedOnRelatedOrgs |
| Bonus Filing Org | 12848 | BonusFilingOrg |
| Bonus Related Orgs | 0 | BonusRelatedOrgs |
| Other Compensation Filing Org | 0 | OtherCompensationFilingOrg |
| Other Compensation Related Orgs | 0 | OtherCompensationRelatedOrgs |
| Deferred Comp Filing Org | 18137 | DeferredCompFilingOrg |
| Deferred Comp Related Orgs | 0 | DeferredCompRelatedOrgs |
| Nontaxable Benefits Filing Org | 19785 | NontaxableBenefitsFilingOrg |
| Nontaxable Benefits Related Orgs | 0 | NontaxableBenefitsRelatedOrgs |
| Total Compensation Filing Org | 227625 | TotalCompensationFilingOrg |
| Total Compensation Related Orgs | 0 | TotalCompensationRelatedOrgs |
| Comp Report Prior990 Filing Org | 0 | CompReportPrior990FilingOrg |
| Comp Report Prior990 Related Orgs | 0 | CompReportPrior990RelatedOrgs |
Form990 Schedule J Part III Form990ScheduleJPartIII (2 entries)
| Return ReferenceReturnReference | ExplanationExplanation |
|---|---|
| PART I, LINE 1B | THE UNIVERSITY PAYS HOUSING RENTAL FOR THE PRESIDENT AND VICE PRESIDENT/PROVOST IN THE UNIVERSITY'S PROXIMITY FOR WORKING AND INSTITUTIONAL REASONS. |
| PART I, LINE 7 | ANDREW THOMPSON RECEIVED BONUS COMPENSATION OF $12,848 GILIOLA PILLONI RECEIVED BONUS COMPENSATION OF $6,424 STEFANO BUTTINELLI RECEIVED BONUS COMPENSATION OF $11,242 THESE AMOUNTS HAVE BEEN INCLUDED WITH BASE COMPENSATION IN FORM 990, PART VII, SECTION A, COLUMN D. |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (5 entries)
| Return ReferenceReturnReference | ExplanationExplanation | IdentifierIdentifier |
|---|---|---|
| FORM 990, PART VI, SECTION B, LINE 11 | THE FORM 990 WAS PREPARED BY TAX CONSULTANTS IN COOPERATION WITH THE CFO. THE FORM WAS REVIEWED BY THE LEGAL COMMITTEE OF THE BOARD OF TRUSTEES. IT WAS THEN SUBMITTED FOR APPROVAL TO THE PRESIDENT, WHO IS ALSO THE LEGAL REPRESENTATIVE. A COPY OF THE FINAL 990 WAS PROVIDED TO ALL TRUSTEES BEFORE FILING WITH THE IRS. | |
| FORM 990, PART VI, SECTION B, LINE 12C | ALL TRUSTEES DISCLOSE TO THE BOARD ANY POSSIBLE CONFLICT OF INTEREST AT THE EARLIEST POSSIBLE TIME. ANY TRUSTEE WHO IS UNCERTAIN WHETHER A CONFLICT OF INTEREST MAY EXIST IN ANY MATTER MAY REQUEST THE BOARD OR THE EXECUTIVE COMMITTEE TO RESOLVE THE QUESTION IN HIS OR HER ABSENCE BY MAJORITY VOTE OF THE DISINTERESTED TRUSTEES. A TRUSTEE HAVING A CONFLICT OF INTEREST RECUSES HIMSELF OR HERSELF FROM ANY DISCUSSION OR VOTE ON THE SUBJECT MATTER. A TRUSTEE HAVING A CONFLICT OF INTEREST MAY BE REQUIRED TO RECUSE HIMSELF OR HERSELF FROM ANY DISCUSSION OR VOTE ON THE SUBJECT MATTER AT A MEETING OF THE BOARD OF TRUSTEES OR THE EXECUTIVE COMMITTEE THEREOF BY A VOTE OF A MAJORITY OF THE DISINTERESTED TRUSTEES, EVEN IF THE MAJORITY ARE LESS THAN A QUORUM. NO CONTRACT OR TRANSACTION BETWEEN THE UNIVERSITY AND AN INTERESTED TRUSTEE OR OFFICER IS VOID OR VOIDABLE SOLELY BECAUSE AN INTERESTED TRUSTEE IS PRESENT OR PARTICIPATES IN THE MEETING WHICH AUTHORIZES THE CONTRACT OR TRANSACTION, OR BECAUSE THE INTERESTED TRUSTEE VOTE(S) ARE COUNTED IF: (A) THE MATERIAL FACTS AS TO HIS OR HER RELATIONSHIP ARE DISCLOSED OR ARE KNOWN TO THE BOARD OF TRUSTEES, AND (B) THE BOARD OR THE EXECUTIVE COMMITTEE IN GOOD FAITH APPROVES THE CONTRACT OR TRANSACTION BY THE AFFIRMATIVE VOTE OF A MAJORITY OF THE DISINTERESTED TRUSTEES, EVEN IF THE DISINTERESTED TRUSTEES ARE LESS THAN A QUORUM. THE MINUTES OF SUCH MEETING REFLECT THAT A DISCLOSURE WAS MADE AND WHETHER THE INTERESTED TRUSTEE RECUSED HIMSELF OR HERSELF, OR WAS OR WAS NOT RECUSED BY THE BOARD OR THE EXECUTIVE COMMITTEE. EMPLOYEES ARE EXPECTED TO AVOID SITUATIONS IN WHICH JUDGMENT IN MAKING DECISIONS OR TAKING ACTIONS ON BEHALF OF THE UNIVERSITY MAY BE ADVERSELY AFFECTED BY PERSONAL CONSIDERATION, OR SITUATIONS IN WHICH JOB PERFORMANCE, LOYALTY, OR STEWARDSHIP TO THE UNIVERSITY IS COMPROMISED. SUPERVISORS MUST BE INFORMED OF ANY CONFLICTS OF INTEREST. | |
| FORM 990, PART VI, SECTION B, LINE 15A | THE NEW PRESIDENT HAS BEEN APPOINTED WITH EFFECTIVE DATE JULY 1, 2012. IN DETERMINING THE TOTAL COMPENSATION FOR THE PRESIDENT DR. HODGES, THE BOARD RELIED ON SEVERAL FACTORS: (I) THE PRIOR COMPENSATION VALUES PAID TO HIS PREDECESSOR; (II) THE ECONOMIC CONDITION OF THE UNIVERSITY; AND (III) THE RECOMMENDATION OF KORN FERRY INTERNATIONAL, WHICH WAS THE SEARCH CONSULTANT ENGAGED BY THE BOARD TO ASSIST IN RECRUITMENT OF A NEW PRESIDENT. KORN FERRY IS ONE OF THE PREEMINENT RECRUITMENT ADVISORS IN THE FIELD OF HIGHER EDUCATION AND HAS PLACED SENIOR MANAGEMENT AT COLLEGES AND UNIVERSITIES OF VARYING SIZES. KORN FERRY ADVISED US THAT THE COMPENSATION RANGE AT WHICH WE HIRED DR. HODGES WAS IN LINE WITH PRESIDENTS AT SIMILARLY SITUATED COLLEGES AND UNIVERSITIES. IN FACT, IN THE COURSE OF CONDUCTING THE ANNUAL REVIEW FOR DR. HODGES, KORN FERRY AGAIN REITERATED THAT THE LEVEL OF DR. HODGES' COMPENSATION IS ON PAR WITH HIS PEERS. LOOKING TO THE FUTURE, AT THE RECOMMENDATION OF THE PRESIDENT'S EVALUATION COMMITTEE, DR. HODGES IS WORKING WITH YAFFE & COMPANY, WHICH IS A COMPENSATION CONSULTANT IN AREAS, INCLUDING HIGHER EDUCATION, TO CREATE A VOLUNTARY DATABASE ON SIMILARLY SITUATED INTERNATIONAL COLLEGES AND UNIVERSITIES IN HOPE OF OBTAINING MORE STATISTICAL DATA FOR THE BOARD. NEVERTHELESS, THE BOARD HAS, TO DATE, FOLLOWED INDEPENDENT, PROFESSIONAL ADVICE IN SETTING THE COMPENSATION RATE FOR THE PRESIDENT. IN FISCAL 12-13 THERE HAS BEEN A GENERAL SALARY REVIEW OF THE EMPLOYEES. PRIOR TO THE END OF YEAR, MR. A. THOMPSON RECEIVED A SALARY INCREASE IN JULY 2012 FOLLOWING HIS APPOINTMENT AS EXECUTIVE VICE PRESIDENT AND PROVOST, GILIOLA PILLONI RECEIVED A SALARY INCREASE IN MARCH 2012, S. BUTTINELLI RECEIVED HIS A SALARY INCREASE IN OCTOBER 2012. MR. A. THOMPSON, MRS. GILIOLA AND MR. S. BUTTINELLI SALARIES ARE IN LINE OR BELOW THE MEDIAN AVERAGE SALARIES PUBLISHED BY THE CHRONICLE OF HIGHER EDUCATION THAT IT IS USED AS A REFERENCE. | |
| FORM 990, PART VI, SECTION C, LINE 19 | THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. | |
| FORM 990, PART XI, LINE 9: | CURRENCY TRANSLATION RATE DIFFERENCE 153,339. | CHANGES IN NET ASSETS OR FUND BALANCES: |
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