2014-02-06T10:18:22-06:00 2013-06-30 521392008 GELMAN ROSENBERG & FREEDMAN 4550 MONTGOMERY AVE SUITE 650N BETHESDA MD 208142930 990 2012-07-01 237110060 THE AMERICAN UNIVERSITY OF ROME AMER 8775921287 1860 19TH STREET NW NO 400 WASHINGTON DC 20009 RICHARD HODGES 8775921287 2014-02-06 1 3019519090 2012 2015-11-30 17:44:51Z RICHARD HODGES 1860 19TH STREET NW NO 400 WASHINGTON DC 20009 10504458 0 X WWW.AUR.EDU X 1970 DC SEE PART III, LINE 1. 21 21 26 21 0 0 109183 104757 11290635 10444938 57449 62517 73149 -107754 11530416 10504458 433454 504161 0 0 3620219 3938052 0 0 25683 6449152 6018741 10502825 10460954 1027591 43504 6503068 5600674 3124911 2025674 3378157 3575000 X 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. 0 0 6610621 504161 10444938 GENERAL: TO ESTABLISH, OPERATE, MAINTAIN AND MAKE KNOWN AN AMERICAN COLLEGE AND UNIVERSITY IN THE CITY OF ROME, ITALY. 6610621 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 1 1 1 0 1 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 150 0 1 26 1 0 1 IT 0 0 0 0 0 0 0 0 X 21 21 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 X RICHARD HODGES 8775921287 AUR VIA PIETRO ROSELLI 400153, ROME IT GABRIL A BATTISTA 10.00 X X 0 0 0 ANDREW A PALMIERI 7.00 X X 0 0 0 ROBERT J KRAPF 7.00 X X 0 0 0 ANTHONY J MANGANIELLO 4.00 X X 0 0 0 JOSEPH V DEL RASO 4.00 X X 0 0 0 SIMONE AMORICO 4.00 X 0 0 0 AGATHA W AURBACH 4.00 X 0 0 0 LAWRENCE AURIANA 4.00 X 0 0 0 AMATO BERARDI 4.00 X 0 0 0 ROBERT E CARLUCCI 4.00 X 0 0 0 SUSAN L CROWLEY 4.00 X 0 0 0 NICHOLAS A GIORDANO 4.00 X 0 0 0 LEILA GONZALES SULLIVAN 4.00 X 0 0 0 DOMINIC R MASSARO 4.00 X 0 0 0 MICHAEL J MCGINNISS 4.00 X 0 0 0 ROBERT B MURPHY 4.00 X 0 0 0 SUZANNE F NICHOLSON 4.00 X 0 0 0 DOMENICO OLIVA 4.00 X 0 0 0 EDWARD F REILLY 4.00 X 0 0 0 NEIL BOYDEN TANNER 4.00 X 0 0 0 GIULIA VENTRICINI 4.00 X 0 0 0 RICHARD HODGES 40.00 X 130224 0 0 STEFANO BUTTINELLI 40.00 X 108579 0 32666 GILIOLA PILLONI 40.00 X 95890 0 27621 ANDREW THOMPSON 40.00 X 189703 0 37922 524396 0 98209 3 0 1 0 AURORA SERVICE SRL VIA BENNICELLI 44-00151 ROME IT STUDENT HOUSING CLEANING & MAINT. 873648 1 104757 104757 TUITION 900099 7645649 7645649 HOUSING 900099 2504172 2504172 FIELD TRIP/OTHER REIMB. 900009 295117 295117 10444938 62517 62517 MISCELLANEOUS 900099 9504 9504 CURREN. EXCHANGE LOSS 900099 -117258 -117258 -107754 10504458 10444938 0 -45237 30229 30229 473932 473932 746860 56761 672174 17925 2397478 1321011 1069275 7192 75359 41523 33610 226 113426 62498 50588 340 604929 295205 309724 28813 28813 37418 23162 14256 234769 134992 99777 274519 274519 324296 125827 198469 300447 172757 127690 3462216 3185239 276977 53670 12344 41326 77753 22782 54971 174 174 195247 112267 82980 90127 90127 TAXES 262630 151012 111618 FIELD TRIPS 200263 115151 85112 CLEANING COSTS 66630 38312 28318 SECURITY 65024 37389 27635 344745 198228 146517 10460954 6610621 3824650 25683 5605 12812 1936290 1701146 2456250 1367424 599917 605543 3888427 3486670 377393 401757 1059520 1440723 68093 71269 6503068 5600674 1079453 1106745 1617164 473966 428294 444963 3124911 2025674 X 3338626 3521521 39531 53479 3378157 3575000 6503068 5600674 X 43504 153339 X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 844088 783037 61051 1486958 1335656 151302 1557381 1367977 189404 401757 SEVERANCE PAYABLE 444963 444963 10186589 186292 186292 10000297 504161 504161 10504458 10143085 186292 186292 9956793 504161 504161 10460954 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. 1 1 1 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 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. 1 EUROPE 1 84 PROGRAM SERVICES ACADEMIC INSTRUCTION 6136689 EUROPE 0 0 GRANTS TO RECIPIENTS LOCATED IN THE REGION 473932 1 84 0 0 1 84 6610621 0 6610621 STUDENT SCHOLARSHIP AND WORK ASSISTANCE EUROPE 92 473932 FULL OR PARTIAL OFFSET OF TUITION PAYMENT OR CASH TO STUDENT 0 0 0 0 0 0 PROCEDURE FOR MONITORING GRANTS OUTSIDE THE U.S.: 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. 1 UNIVERSITY OF MARYLAND 1101 HOLZAPFEL HALL COLLEGE PARK MD 20742 522197313 501(C)(3) 16233 SCHOLARSHIPS FOR STUDENTS STUDYING ABROAD AT AUR 1 0 PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: 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. X 0 1 X X 0 0 0 0 0 0 0 1 0 ANDREW THOMPSON 176855 0 12848 0 0 0 18137 0 19785 0 227625 0 0 0 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. 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. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 9: CURRENCY TRANSLATION RATE DIFFERENCE 153,339.