2014-10-20T09:09:34-05:00 2014-06-30 410746749 CLIFTONLARSONALLEN LLP 4099 TAMIAMI TRAIL N STE 300 NAPLES FL 34103 990 2013-07-01 596605703 HODGES UNIVERSITY INC HODG 8004668017 2655 NORTHBROOKE DRIVE NAPLES FL 341197932 ERICA M TILLERY TREASURER 2395986221 2014-10-17 1 AMELIA COOPER CPA P00437898 2392628686 2014-10-16 2013 2015-11-30 17:44:51Z JEANETTE BROCK 2655 NORTHBROOKE DRIVE NAPLES FL 341197932 67429943 0 X WWW.HODGES.EDU X 1990 FL DEGREE PROGRAMS TO ENHANCE THE ABILITY OF STUDENTS TO ACHIEVE PERSONAL OR PROFESSIONAL OBJECTIVES. 13 13 497 195 5539 4039 1193142 7280458 35631033 32756129 222019 -155699 -30740 54580 37015454 39935468 2762169 2561199 0 0 21289792 18829611 0 0 439695 11676193 11959743 35728154 33350553 1287300 6584915 67646754 83889972 24763504 35637105 42883250 48252867 X THE MISSION OF HODGES UNIVERSITY IS TO OFFER ASSOCIATE, BACCALAUREATE, AND GRADUATE DEGREES AS WELL AS OTHER PROGRAMS WHICH ENHANCE THE ABILITY OF STUDENTS TO ACHIEVE PERSONAL OR PROFESSIONAL OBJECTIVES. 0 0 25802315 2561199 32870658 HODGES UNIVERSITY IS REGIONALLY ACCREDITED AND AWARDS ASSOCIATE, BACHELOR'S AND MASTER'S DEGREES. THE UNIVERSITY HAS APPROXIMATELY 2,200 STUDENTS ON CAMPUSES IN NAPLES AND FORT MYERS, FLORIDA. THE PROGRAMS OF THE UNIVERSITY ARE AS FOLLOWS: 13 ASSOCIATE DEGREES 18 BACHELOR'S DEGREES 7 GRADUATE DEGREES 2 GRADUATE CERTIFICATES 1 UNDERGRADUATE CERTIFICATE 30 ONLINE DEGREES ENGLISH AS A SECOND LANGUAGE LIFELONG LEARNING CLASSES AT THE FRANCES PEW HAYES CENTER FOR LIFELONG LEARNING NONPROFIT MANAGEMENT CLASSES AT THE CENTER FOR NONPROFIT EXCELLENCESCHOOLS: JOHNSON SCHOOL OF BUSINESS SCHOOL OF ALLIED HEALTH NICHOLS SCHOOL OF PROFESSIONAL STUDIES FISHER SCHOOL OF TECHNOLOGY SCHOOL OF LIBERAL STUDIES PROVIDING STUDENTS WITH PROGRAMS THAT PREPARE THEM FOR CAREERS, HODGES UNIVERSITY BELIEVES IN FLEXIBLE CLASS SCHEDULING, ALLOWING STUDENTS TO ATTEND WEEKLY CLASSES THAT SUIT THEIR BUSY LIFESTYLES. THE UNIVERSITY ALSO MEETS THE NEEDS OF TODAY'S STUDENTS BY OFFERING A WIDE VARIETY OF ACADEMIC DELIVERY METHODS AND STUDENT SERVICES, BOTH ON CAMPUS AND IN THE DISTANCE EDUCATION ARENA. 25802315 1 1 0 1 0 0 0 0 0 1 1 0 0 0 0 1 0 1 1 1 0 0 0 0 1 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 1 0 0 1 16 0 497 1 1 1 0 0 0 0 1 1 0 0 0 0 X 13 13 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X ERICA M TILLERY 2395986221 2655 NORTHBROOKE DRIVE NAPLES FL 341197932 JOHN J AGNELLI CHAIR 5.00 X X 0 0 0 KEITH ARNOLD TRUSTEE/VICE-CHAIR 5.00 X X 0 0 0 MICHAEL PRIOLETTI TRUSTEE/SECRETARY 5.00 X X 0 0 0 TODD GATES TRUSTEE 5.00 X 0 0 0 JAMES HUMPHREY TRUSTEE 5.00 X 0 0 0 GARY TRIPPE TRUSTEE 5.00 X 0 0 0 LESLIE KING TRUSTEE 5.00 X 0 0 0 GERARD A MCHALE JR TRUSTEE 5.00 X 0 0 0 KATHLEEN PASSIDOMO TRUSTEE 5.00 X 0 0 0 DR JOSEPH DONAHUE TRUSTEE 5.00 X 0 0 0 ROBERT SIMPSON TRUSTEE 5.00 X 0 0 0 JAMES STAMPER TRUSTEE 5.00 X 0 0 0 SANDRA STILLWELL TRUSTEE 5.00 X 0 0 0 TERRY MCMAHAN FORMER PRESIDENT 40.00 X 375652 0 18200 JEANETTE BROCK PRESIDENT 40.00 X 398516 0 29200 KIM SPIEZIO EVP/SECRETARY 40.00 X 145320 0 12150 JOSEPH PEPE FORMER EVP OF ADMINISTRATION 40.00 X 144636 0 7200 JOHN WHITE FORMER EVP OF FINANCE 40.00 X 258607 0 23850 ERICA TILLERY VP OF FINANCE/TREASURER 40.00 X 96350 0 7200 NANCY WYANT DEAN 40.00 X 180455 0 29200 DAVID RICE VICE PRESIDENT 40.00 X 161339 0 14600 AYSEGUL TIMUR PROGRAM CHAIR 40.00 X 156252 0 19200 KAREN LOCKLEAR DEAN 40.00 X 146123 0 11400 JOSEPH GILCHRIST VICE PRESIDENT 40.00 X 129300 0 20192 RITA LAMPUS FORMER VICE PRESIDENT 40.00 X 135143 0 15400 CARLENE HARRISON DEAN 40.00 X 128385 0 18100 ELSA ROGERS DEAN 40.00 X 118839 0 30200 2574917 0 256092 22 0 1 0 BLACKBOARD PO BOX 200154 PITTSBURGH PA 152510154 SOFTWARE SERVICES 465938 ELLUCIANDATATEL 4375 FAIR LAKES CT FAIRFAX VA 22033 SOFTWARE SERVICES 399035 EDUCATION DYNAMICS PO BOX 24382 NETWORK PLACE CHICAGO IL 606734243 EDUCATIONAL ADVERTISING 319530 NEWS PRESS PO BOX 677583 DALLAS TX 752677583 EDUCATIONAL ADVERTISING 259822 SOFTRIM CORP 9210 ESTERO PK COMMONS BLVD ESTERO FL 33928 NETWORK WIRING, MAINTENANCE SERVICES 103588 18 300245 4709785 2270428 294077 7280458 TUITION AND FEES 611600 32756129 32756129 32756129 110338 110338 107002 6500 99920 961 7082 5539 12621 5539 7082 26970731 27236768 -266037 -266037 -266037 53790 300245 126360 -72570 -72570 144995 30466 114529 114529 39935468 32870658 5539 -221187 46746 46746 2514453 2514453 1333319 446724 709421 177174 14667295 12761711 1779884 125700 473579 431994 36153 5432 1162518 1010607 138424 13487 1192900 1007507 162909 22484 60711 60711 50908 50908 48000 48000 599713 305353 287029 7331 656380 652490 3310 580 688006 402662 222395 62949 2111040 1112272 998768 1365722 1365722 385203 230834 136267 18102 68446 57304 11142 1026707 1026707 2212023 2212023 445971 445971 EQUIPMENT RENTAL AND MA 623007 219529 403478 BAD DEBTS 560611 560611 LIBRARY RESOURCES 292988 292988 OTHER EXPENSES 282153 225838 52926 3389 482154 398602 80485 3067 33350553 25802315 7108543 439695 2224413 6453064 146516 218777 8388323 10053609 1808480 1662902 70897 69085 804688 1872787 65570123 15890630 39719836 49679493 13192562 13361937 1291039 518318 67646754 83889972 1668562 2476337 4484734 4270768 13125000 28890000 5485208 24763504 35637105 X 34083329 33501812 8799921 11768222 0 2982833 42883250 48252867 67646754 83889972 X 6584915 241048 72635 -1528981 X X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 1 48000 0 0 48000 0 PART II-B, LINE 1: A FEE OF $48,000 WAS PAID TO A MANAGEMENT CONSULTING FIRM TO SUPPORT INTERESTS OF THE UNIVERSITY. 0 4503091 53639 1896034 2660696 0.00000 1.00000 0.00000 0 0 10746837 10746837 42587889 7069500 35518389 11917189 8554494 3362695 318208 266636 51572 49679493 X PART X, LINE 2: THE UNIVERSITY IS A TAX-EXEMPT ORGANIZATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. ITS CONTRIBUTIONS ARE CONSIDERED TAX DEDUCTIBLE. THE UNIVERSITY IS SUBJECT TO FEDERAL INCOME TAX ONLY ON NET UNRELATED BUSINESS INCOME UNDER THE PROVISIONS OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. FOR THE YEARS ENDED JUNE 30, 2014 AND 2013, THE UNIVERSITY HAD NO MATERIAL OBLIGATION FOR UNRELATED BUSINESS INCOME TAX. THE UNIVERSITY HAS ADOPTED THE INCOME TAX STANDARD FOR UNCERTAIN TAX POSITIONS. AS A RESULT OF THE IMPLEMENTATION, THE UNIVERSITY EVALUATED ITS TAX POSITIONS AND DETERMINED IT HAS NO UNCERTAIN TAX POSITIONS AS OF JUNE 30, 2014 AND 2013. THE UNIVERSITY'S 2011 THROUGH 2013 TAX YEARS ARE OPEN FOR EXAMINATION BY FEDERAL AND STATE TAXING AUTHORITIES. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 THE UNIVERSITY'S POLICY STATEMENT IS INCLUDED IN ITS MESSAGE TO THE PUBLIC: HODGES UNIVERSITY, AS AN OPEN, CREATIVE AND COMMUNITY-CONSCIOUS EDUCATIONAL INSTITUTION, MUST FULFILL ITS MISSION IN THE CLIMATE OF A CHANGING WORLD. THAT EACH STUDENT, AS A UNIQUE PERSON, DESERVES A PROGRAM OF STUDIES AND VARIED EXPERIENCES FOR PERSONAL GROWTH WITHOUT REGARD TO RACE, COLOR, GENDER, SEXUAL ORIENTATION, RELIGION, CREED, NATIONAL ORIGIN, POLITICAL OPINIONS OR AFFILIATIONS, DISABLED VETERAN STATUS, DISABILITY, OR AGE AS PROVIDED BY LAW AND IN ACCORDANCE WITH THE UNIVERSITY'S RESPECT FOR PERSONAL DIGNITY. SCHEDULE E, PART I, LINE 6 HODGES UNIVERSITY, INC. PARTICIPATES IN BOTH STATE AND FEDERAL STUDENT FINANCIAL ASSISTANCE PROGRAMS. VIRTUALLY ALL FUNDS RECEIVED THROUGH THESE PROGRAMS ARE IMMEDIATELY CREDITED TO STUDENT ACCOUNTS FOR PAYMENT OF TUITION, FEES AND BOOKS. EXCESS FUNDS ARE DELIVERED TO STUDENTS ACCORDING TO PROGRAM REQUIREMENTS. SOME PROGRAMS PROVIDE A SMALL ADMINISTRATIVE ALLOWANCE FOR THE INSTITUTION. SPRING GOLF CLASSIC 116665 97525 19140 24140 8855 7667 PRESIDENT'S TRIBUTE 165370 147670 17700 5100 26851 7301 1 72000 55050 16950 31505 14941 354035 300245 53790 29240 67211 29909 126360 -72570 1 HORIZON FOUNDATION INC 2201 SECOND ST STE 500 FORT MYERS FL 33901 650872214 501(C)(3) 7500 TO SUPPORT GENERAL OPERATION. JUNIOR ACHIEVEMENT OF SW FLORIDA 9530 MARKETPLACE RD STE 302 FORT MYERS FL 33912 650503084 501(C)(3) 5600 TO SUPPORT GENERAL OPERATION. 2 0 INSTITUTIONAL AID, INCLUDING SCHOLARSHIPS, ASSISTANTSHIPS, AND TUITION WAIVER. 420 2514453 N/A N/A PART I, LINE 2: HODGES UNIVERSITY PARTICIPATES IN VARIOUS LOCAL SPONSORSHIPS TO ORGANIZATIONS ANNUALLY BASED ON OUR ABILITY AND CURRENT ECONOMIC SITUATION. BECAUSE THE SPONSORSHIPS ARE FOR GENERAL OPERATING SUPPORT, NO MONITORING IS REQUIRED. HODGES UNIVERSITY PARTICIPATES IN BOTH STATE AND FEDERAL STUDENT FINANCIAL ASSISTANCE PROGRAMS. VIRTUALLY ALL FUNDS RECEIVED ARE IMMEDIATELY CREDITED TO STUDENT ACCOUNTS FOR PAYMENT OF TUITION, FEES AND BOOKS. EXCESS FUNDS ARE DELIVERED TO STUDENTS ACCORDING TO PROGRAM REQUIREMENTS. X X X X X 1 1 0 0 0 0 0 0 0 TERRY MCMAHAN FORMER PRESIDENT 163761 0 0 0 211891 0 11000 0 7200 0 393852 0 0 0 JEANETTE BROCK PRESIDENT 257829 0 0 0 140687 0 22000 0 7200 0 427716 0 0 0 KIM SPIEZIO EVP/SECRETARY 140316 0 0 0 5004 0 4950 0 7200 0 157470 0 0 0 JOSEPH PEPE FORMER EVP OF ADMINISTRATION 133724 0 0 0 10912 0 0 0 7200 0 151836 0 0 0 JOHN WHITE FORMER EVP OF FINANCE 113309 0 0 0 145298 0 20250 0 3600 0 282457 0 0 0 NANCY WYANT DEAN 180455 0 0 0 0 0 22000 0 7200 0 209655 0 0 0 DAVID RICE VICE PRESIDENT 136339 0 25000 0 0 0 7400 0 7200 0 175939 0 0 0 AYSEGUL TIMUR PROGRAM CHAIR 156252 0 0 0 0 0 12000 0 7200 0 175452 0 0 0 KAREN LOCKLEAR DEAN 146123 0 0 0 0 0 4200 0 7200 0 157523 0 0 0 RITA LAMPUS FORMER VICE PRESIDENT 110143 0 25000 0 0 0 9400 0 6000 0 150543 0 0 0 PART I, LINES 4A-B THE UNIVERSITY EXECUTED TWO SEVERANCE AGREEMENTS DURING THE FISCAL YEAR. JOSEPH PEPE HAD AN AGREEMENT FOR $23,571.16 AND RITA LAMPUS HAD AN AGREEMENT FOR $131,099.92. FORM 990, SCHEDULE J, PART II: TERRY P. MCMAHAN - THE AMOUNT REPORTED ON SCHEDULE J COLUMN B(III) OF $211,891 IS CONTRIBUTION TO A 457(F) NON-QUALIFIED EXECUTIVE RETIREMENT PLAN. THE AMOUNT BECAME TAXABLE TO THE INDIVIDUAL IN 2013. JEANETTE BROCK - THE AMOUNT REPORTED ON SCHEDULE J COLUMN B(III) OF $131,724 IS CONTRIBUTION TO A 457(F) NON-QUALIFIED EXECUTIVE RETIREMENT PLAN. THE AMOUNT BECAME TAXABLE TO THE INDIVIDUAL IN 2013. JOHN WHITE - THE AMOUNT REPORTED ON SCHEDULE J COLUMN B(III) OF $145,298 IS CONTRIBUTION TO A 457(F) NON-QUALIFIED EXECUTIVE RETIREMENT PLAN. THE AMOUNT BECAME TAXABLE TO THE INDIVIDUAL IN 2013. BOTH OF JOHN WHITE AND TERRY MCMAHAN RETIRED ON 06/30/2013 AND THEY WERE BOTH PAID OUT THEIR EXECUTIVE RETIREMENT FROM THE 457(F) PLAN THEREAFTER. JEANETTE BROCK HAS NOT RECEIVED ANY DISTRIBUTION AND WILL NOT UNTIL RETIREMENT. FORM 990, SCHEDULE J, PART III: THE UNIVERSITY ESTABLISHED A DEFINED BENEFIT EXECUTIVE RETIREMENT PLAN FOR THREE KEY EXECUTIVES ON JULY 1. 2003. THE PLAN CALLS FOR AN ACCMULATION OF 3% PER YEAR OF SERVICE UP TO A MAXIMUM OF 75%. THAT PERCENTAGE IS THEN APPLIED TO THE AVERAGE OF THE MOST RECENT FIVE YEARS' SALARY FOR EACH PARTICIPANT, FACTORED THROUGH AN ACTUARIAL COMPUTATION BASED ON A STANDARD MORTALITY TABLE. THE PLAN IS A NONQUALIFIED DEFERRED COMPENSATION PLAN, COVERED BY IRC SECTION 457(F) FOR TAX EXEMPT ENTITIES. PARTICIPANTS BECOME VESTED IN THE PLAN UPON SEPARATION FROM SERVICE ON OR AFTER REACHING NORMAL RETIREMENT AGE (AGE 60), OR THROUGH OTHER EVENTS ASSOCIATED WITH DEATH OR DISABILITY. UNDER SECTION 457(F), THE COMPENSATION CAN ONLY BE DEFERRED AS LONG AS THE BENEFIT IS SUBJECT TO SUBSTANTIAL RISK OF FORFEITURE. THE UNIVERSITY HAS INTERPRETED THIS TO MEAN THAT THE PARTICIPANTS MUST BE TAXED ON THE BENEFIT ACCRUED ON THEIR 60TH BIRTHDAYS, AS WELL AS ANNUALLY FOR ANY ADDITIONAL ACCRUED BENEFIT, EVEN THOUGH THE BENEFITS WILL NOT BE DISTRIBUTED UNTIL AFTER THE PARTICIPANTS RETIRE. THE PLAN CONTAINS A PROVISION THAT ALLOWS THE UNIVERSITY TO ADVANCE THE TAXES DUE IN THESE CIRCUMSTANCES. SUCH TAXES ADVANCED REDUCE THE REMAINING LIABILITY TO BE PAID TO THE PARTICIPANS. ALTHOUGH THE PLAN ITSELF IS UNFUNDED, THE UNIVERSITY ALSO ESTABLISHED AN EXECUTIVE RETIREMENT TRUST IN 2003 TO ACCUMULATE FUNDS THROUGH LIFE INSURANCE POLICIES FOR ALL THREE PARTICIPANTS. THE ANNUAL CONTRIBUTION TO THE INSURANCE POLICIES IS DETERMINED BY ACTUARIAL COMPUTATION WHICH WILL ACCUMULATE TO A CASH VALUE APPROXIMATING THE PROJECTED RETIREMENT LIABILITY FOR EACH PARTICIPANT. THE BENEFICIARY OF THE LIFE INSURANCE POLICIES IS THE EXECUTVE RETIREMENT TRUST. A COLLIER CO ED FAC AUTHORITY 650915682 19463TBC9 2013-11-14 28404134 REFUND BONDS AND FINANCE NEW BUILDING PURCHASE 0 0 0 A 13125939 28404134 2066550 517198 13133144 2014 0 1 1 1 A 0 1 0 0 0.05000 0.00000 0.05000 0 0 0 A 0 0 0 0 0 0 0 0 0 A 1 X 2 265820 FMV - STOCK QUOTES X VACATIONS, GI 47 28257 FMV AND PURCHASE PRI 0 1 0 FORM 990, PART VI, SECTION A, LINE 1 THE UNIVERSITY'S EXECUTIVE COMMITTEE CONSISTS OF NO LESS THAN THREE BUT NO MORE THAN SIX MEMBERS OF THE BOARD OF TRUSTEES INCLUDING ONE OFFICER THAT IS APPOINTED BY THE EXECUTIVE COMMITTEE. THE EXECUTIVE COMMITTEE HAS THE AUTHORITY OF THE FULL BOARD OF TRUSTEES BETWEEN MEETINGS WITH ANY ACTIONS UNDERTAKEN TO BE RATIFIED BY THE FULL BOARD AT THE NEXT REGULARLY SCHEDULED MEETING. FORM 990, PART VI, SECTION B, LINE 11 MANAGEMENT WILL UNDERTAKE A COMPREHENSIVE REVIEW OF THE FORM 990 AND ITS SCHEDULES IMMEDIATELY UPON ITS COMPLETION, AND WILL ADDRESS ALL OF ITS QUESTIONS AND CONCERNS WITH THE PREPARER. UNIVERSITY POLICY PROVIDES FOR THE PROVISION OF A COPY OF THE COMPLETED RETURN TO ALL MEMBERS OF THE GOVERNING BOARD IN ADVANCE OF FILING. A VOTE OF THE FULL BOARD TO APPROVE OF THE TAX RETURN IS REQUIRED PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C ALL TRUSTEES, OFFICERS AND KEY EMPLOYEES ARE REQUIRED TO SUBMIT ANNUAL DISCLOSURE STATEMENTS. THE STATEMENTS ARE REVIEWED BY THE SENIOR MANAGEMENT AND THE INDEPENDENT AUDITOR TO DETERMINE IF ANY RELATIONSHIPS NEED TO BE DISCLOSED IN THE AUDITED FINANCIAL STATEMENTS OR THE FORM 990. IN CASE OF ANY POTENTIAL REAL OR PERCEIVED CONFLICT OF INTEREST, AFFILIATED PERSONS ARE EXPECTED TO DISCLOSE THE CONFLICT IN ADVANCE. ONCE SUCH A DISCLOSURE HAS BEEN MADE, THE CHAIRMAN OF THE BOARD OF TRUSTEES SHALL DETERMINE WHETHER OR NOT THERE IS A POTENTIAL CONFLICT OF INTEREST. IF IT IS DETERMINED THAT THERE IS A POTIENTIAL CONFLICT OF INTEREST, THE AFFILIATED PERSON INVOLVED SHALL ABSTAIN FROM VOTING AND SHALL NOT PARTICIPATE IN THE DISCUSSION OF THE MATTER AT ISSUE EXCEPT TO STATE BRIEFLY HIS OR HER POSITION IN THE MATTER AND TO ANSWER SPECIFIC QUESTIONS. THIS ABSTENTION SHALL BE REFLECTED IN THE MEETING MINUTES. FORM 990, PART VI, SECTION B, LINE 15 THE COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES DETERMINES COMPENSATION FOR THE PRESIDENT (CEO), THE SECRETARY AND THE TREASURER. THE COMMITTEE CONSIDERS COMPARABILITY DATA AMONG MANY OTHER FACTORS TO DETERMINE THE APPROPRIATE COMPENSATION. MINUTES ARE PRODUCED AT EACH MEETING OF THE COMMITTEE AND THEIR RECOMMENDATIONS MUST BE APPROVED BY THE FULL BOARD OF TRUSTEES. THE LAST REVIEW AND APPROVAL OF COMPENSATION WAS DONE IN 2014 FOR PRESIDENT, J. BROCK, SECRETARY, K. SPIEZIO, AND TREASURER, E. TILLERY. THE BOARD REVIEWED AND DETERMINED THE COMPENSATIONS FOR ALL THREE OFFICERS. FORM 990, PART VI, SECTION C, LINE 18 THE UNIVERSIRY'S FORM 1023 AND THE PAST 3 YEAR'S FORMS 990 AND 990-T ARE AVAILABLE FOR THE PUBLIC INSPECTION UPON REQUEST. FORM 990, PART VI, SECTION C, LINE 19 THE UNIVERSITY MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: INTEREST AND DIVIDEND OF HODGES UNIVERSITY FOUNDATION 19,334. REALIZED LOSS OF HODGES UNIVERSITY FOUNDATION -119,681. NET IMPACT OF LIQUIDATION OF HODGES FOUNDATION 27,711. AMORTIZATION OF OTHER COMPREHENSIVE EXPENSES OF THE EXECUTIVE RETIREMENT PL 290,411. BUILDING IMPAIRMENT LOSS -988,577. RETURN OF PRIOR YEAR TITLE IV -758,179. FORM 990, PART XII, LINE 2(C) THE UNIVERISTY HAS AN AUDIT COMMITTEE THAT ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT. THIS PROCEDURE DID NOT CHANGE DURING THIS YEAR. HODGES UNIVERSITY FOUNDATION INC (DISSOLVED) 2655 NORTHBROOKE DRIVE NAPLES FL 34119 651176465 TO PROVIDE SUPPORT TO HODGES UNIVERSITY FL 501(C)(3) LINE 11B, II HODGES UNIVERSITY INC 1 0 0 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 HODGES UNIVERSITY FOUNDATION INC C 4709785 CASH VALUE FORM 990, SCH R, PART VII HODGES UNIVERSITY FOUNDATION, INC WAS DISSOLVED ON 09/30/2013. ALL OF ITS NET ASSETS WERE MERGED WITH HODGES UNIVERSITY.