2013-05-15T15:18:06-05:00 2012-06-30 990 2011-07-01 030482006 Ave Maria University Inc AVEM 2392802500 5050 Ave Maria Blvd Ave Maria FL 34142 Maureen Joyce 2392801516 2013-05-14 2011 2016-02-24 21:20:13Z Maureen Joyce 5050 Ave Maria Blvd Ave Maria FL 34142 46240468 0 X www.avemaria.edu X 2002 FL University education grounded in the traditions and faith of the Roman Catholic Church 20 19 759 112 0 0 19710925 14279998 25621532 28187590 1130770 549278 2085972 2436331 48549199 45453197 10707754 10782765 0 0 16778992 14703888 0 0 3389846 25424768 24530075 52911514 50016728 -4362315 -4563531 295998422 291562180 65024372 65316261 230974050 226245919 University educational facility training individuals towards baccalaureate, masters and doctorate degrees. 0 0 31434022 9232454 21089758 Operating a university dedicated to instructing and training individuals towards a baccalaureate, masters or doctorate degrees. 879 students were seeking degrees at AMU during the 2011-2012 school year. 6852423 1550311 7174715 Operating a university in Latin America dedicated to instructing and training induviduals towards a baccalaureate degree. 494 students were seeking degrees at the AMU-LA campus during the 2011/2012 school year. 38286445 1 1 0 0 0 0 0 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 1 0 1 0 0 0 1 1 1 0 0 0 0 0 1 0 1 0 1 1 1 0 0 0 1 0 0 0 0 1 194 0 1 759 1 1 1 1 NU 0 0 0 1 1 0 0 0 0 0 0 0 X 20 19 1 0 0 0 0 0 0 1 0 1 0 0 1 1 1 1 1 0 0 0 AK WY AZ CO KY LA MA MD MO NH NJ OR WA X X Maureen Joyce 2392801516 5050 Ave Maria Blvd Ave Maria FL 34142 Paul Roney 24.00 X X X 72254 0 11138 Thomas S Monaghan 40.00 X X X 23660 0 13175 Patricia Donahue Dolan 1.00 X 0 0 0 John F Donahue 1.00 X 0 0 0 A M O'Hare 1.00 X 0 0 0 Edward W Easton 1.00 X 0 0 0 Mary L Demetree 1.00 X 0 0 0 Richard M Gabrys 1.00 X 0 0 0 Rev Benedict Groeschel 1.00 X 0 0 0 Barbara B Henkels 1.00 X 0 0 0 Monsignor Laurence E Higgins 1.00 X 0 0 0 John V Tippmann Sr 1.00 X 0 0 0 Robert L Wilken PhD 1.00 X 0 0 0 Adam Cardinal Maida 1.00 X 0 0 0 Fr Mitchell Pacwa 1.00 X 0 0 0 Donna M Bradt 1.00 X 0 0 0 Arthur C Brooks PhD 1.00 X 0 0 0 Glory L Sullivan 1.00 X 0 0 0 Michael T O Timmis 1.00 X 0 0 0 Most Rev Frank Dewane 1.00 X 0 0 0 Amb Michael Novak 1.00 X 0 0 0 Joseph C Canizaro 1.00 X 0 0 0 H James Towey 40.00 X X X 220648 0 21740 William J McGurn 1.00 X 0 0 0 Bishop David O'Connell 1.00 X 0 0 0 Eugene Munin 40.00 X X 43941 0 3566 Ken Ferguson 1.00 X 0 0 0 Bobby Doyle Jr 40.00 X 134090 0 18031 John Sites 40.00 X 188244 0 21929 Michael Waldstein 40.00 X 132488 0 23915 Daniel Dentino 40.00 X 121899 0 14290 Douglas Bushman 40.00 X 132284 0 23772 Nicholas Healy Jr 40.00 X 175119 0 15420 1244627 0 166976 18 1 1 0 Food Service Inc 1801 W Glendale Ave Milwaukee WI 53209 Student food service 1435498 Hylant Group 811 Madison Ave Toledo OH 43624 Insurance 537597 Ave Maria Development 2600 Golden Gate parkway Naples FL 34105 Bldg lease 387092 Royal Steamer Inc 2841 4th St NE Naples FL 34120 Cleaning service 242382 Mike's Complete 15275 Collier Blvd 201/363 Naples FL 34119 Bldg/ground maintenance 195059 10 7470325 6809673 14279998 Tuition & fees 611710 22286623 22286623 Faculty/student housin 531110 5694846 5694846 Misc Program revenue 611710 76408 76408 AMU Press Co-productio 511110 72186 72186 Program/athletics 611710 57527 57527 28187590 493886 493886 1943 1943 2484611 635189 1849422 1849422 1849422 97887 42495 55392 55392 55392 1113499 109587 1003912 1003912 Miscellaneous revenue 611710 204611 204611 Change in Split Int Ag 611710 -623557 -623557 -418946 45453197 28264473 0 2908726 9232454 9232454 1550311 1550311 554383 554383 11857626 8790556 1853061 1214009 1933 1933 1503865 1191028 151643 161194 786081 575209 105704 105168 93317 93317 119514 119514 852916 538529 174935 139452 396431 252683 2871 140877 396875 246388 94438 56049 126711 30703 68136 27872 3256 3256 305670 150096 155574 491189 360747 95035 35407 82331 54874 666 26791 914832 2328 912504 5627512 4476648 1150864 102244 75618 26626 Institutional costs 6675080 5543927 1131153 Bad debts expense 2607770 1322792 1284978 Student meals 1616229 1616229 Bank fees 1143326 2553 1131848 8925 2974872 2267583 364340 342949 50016728 38286445 8340437 3389846 2106574 9408421 1957975 2229950 2931996 2026354 12747648 10212088 175265 160926 44548 101646 252210744 25673135 231704798 226537609 5789551 4205042 38540067 36680144 295998422 291562180 2949112 2540222 55980000 53730000 2000000 5695009 998651 306533 3096609 3044497 65024372 65316261 X 223356367 220342567 5449602 3705271 2168081 2198081 230974050 226245919 295998422 291562180 X -4563531 -164600 X 0 1 1 X 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1345132 X X X 0 7617683 -528482 197297 -1383146 5903352 8038309 947216 -477276 -890566 7617683 5553532 3547841 753563 -1816627 8038309 9346031 692371 -1676233 -2808637 5553532 0.00000 0.37230 0.62770 0 0 4376721 4376721 222254652 15437603 206817049 3078986 811504 2267482 22500385 9424028 13076357 226537609 Beneficial Interest in Trust 999155 Intangible Assets 4400000 Deferred Bond Issuance Costs 729334 Assets held for rent 30551655 36680144 Gift Annuity Payable 1425267 Fair value interest rate swap 1619230 3044497 45453197 50016728 -4563531 -164600 -164600 -4728131 45288597 -164600 -164600 45453197 0 45453197 50016728 0 50016728 0 50016728 Part III, Line 4: The university has assembled a collection of rare and historical religious and philosophical books and manuscripts which are used for scholarly research by both undergraduate and graduate students. These collections are also made available to visiting scholars and researchers. In addition to its books and manuscript collection, the university also owns a small collection of religious art and artifacts that are on public display and are used to further its mission as a university in the Catholic tradition, bringing social and spiritual benefits to its students and staff. Description of Uncertain Tax Positions Under FIN 48: Part X: Management has analyzed the tax positions taken by the University and has concluded that as of June 30, 2012, there are no uncertain positions taken or expected to be taken that would require recognition of a liability or disclosure in the financial statements. The University is subject to routine audits by taxing jurisdictions; however, there are currently no audits for any periods in progress. Management believes it is no longer subject to income tax examinations for years prior to June 30, 2008. 1 1 1 1 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 These policies are published in catalogs describing the institution's course offerings and employment advertisements. 1 Central America 1 38 Operate a university in Latin America instructing individuals towards a baccalaureate degree. Full course accredited curriculuum taught by qualified professors. 6852423 1 38 0 0 1 38 6852423 0 6852423 General scholarship grants to qualified students at Ave Maria University in Nicaragua. The Office of Financial Aid determines a student's eligibility based on the family's financial strength, which includes consideration of family income and assets, number of children in college and if appropriate, special circumstances. Financial aid will be revoked without adequate progress. Nicaraqua, Central America 494 1550311 Scholarships deposited with university FMV of cash at time of deposit 0 0 0 0 0 0 Method Used to Acccount for Expenditures: Schedule F, Part I, Line 3: Monthly financial reviews, annual certified audits by an independent auditing firm, site visits of the university. Programatic reviews, establish annual budgets, meetings and conference calls. University Scholarship Dinner 1113499 1113499 105075 4512 1113499 1113499 105075 4512 109587 1003912 1 General Scholarship grants are awarded to qualified students attending Ave Maria University. 774 9232454 FMV as semester classes begin Procedure for Monitoring Grants in the U.S.: Part I, Line 2: Schedule I, Part I, Line 2: The Office of Financial Aid determines a student's eligibility based on the family's financial strength, which includes consideration of family income and assets, number of children in college and if appropriate, special circumstances. Financial aid will be revoked without adequate progress. X X X 0 0 X 1 0 0 0 0 0 0 0 0 Paul Roney Thomas S Monaghan H James Towey 220648 0 0 0 0 0 0 0 21740 0 242388 0 0 0 Eugene Munin Bobby Doyle Jr 134090 0 0 0 0 0 0 0 18031 0 152121 0 0 0 John Sites 188244 0 0 0 0 0 0 0 21929 0 210173 0 0 0 Michael Waldstein 132488 0 0 0 0 0 0 0 23915 0 156403 0 0 0 Douglas Bushman 132284 0 0 0 0 0 0 0 23772 0 156056 0 0 0 Nicholas Healy Jr 175119 0 0 0 0 0 0 0 15420 0 190539 0 0 0 Part I, Line 1a The University President is provided a residence near campus as an ordinary and necessary expense to be accessible and available to faculty, administration and students. Part I, Line 4a University President, Nicholas Healy began receiving severance pay March 7, 2011. Collier County Educational Facilities Authority - Series 2006 650915682 19463TAB2 2006-10-01 30470000 Acquisition and construction of 3 dormitories and other buildings 0 0 0 Collier County Educational Facilities Authority - Series 2007 650915682 19463TAC0 2007-08-01 10000000 Acquisition and construction of housing facilities & dormitory 0 0 0 Collier County Educational Facilities Authority - Series 2008 650915682 19463TAD8 2008-08-01 17000000 Acquisition, construction & equiping of 554 bed student dormitory 0 0 0 0 0 1 1 0 0 1 1 0 0 1 1 0 0 0 0 0.00000 0.00000 0.00000 0 0 0 0 0 0.00000 0.00000 0.00000 0 0 0 0 0 0.00000 0.00000 0.00000 0 1 1 1 Comerica Securities 10.000000000000 0 0 0 0 0 1 1 1 Fifth Third Securities 10.000000000000 0 0 0 0 0 1 1 1 Fifth Third Securities 3.000000000000 0 0 0 0 0 RJD Academy Lease of school facility X 380000 875000 0 1 1 AM Development Purchase of land X 89576 99898 0 1 1 974898 Ave Maria Development Thomas S Monaghan is an officer and employee of AMU and a 50% owner of AMD 235000 AMU reimburses AMD for shared services and for expenses involving construction and maintenance of the permanent campus. 0 X 10 1724991 FMV at time of gift X Annuity gifts 3 50167 NPV at date of gift 0 1 0 Form 990, Part VI, Section A, line 2 Patricia Donahue Dolan, a Board Trustee, is the daughter of John Donahue also a Board Trustee. Form 990, Part VI, Section A, line 8b The Finance/audit Committee does not take or retain minutes. Form 990, Part VI, Section B, line 11 The Treasurer/CFO of the University reviews the Form 990 prior to signing. Form 990 is also provided to the Audit Committee of the Board of Trustees for review and comment prior to filing. The return is also made available to any Board Mmeber, if they request it. The Board is aware of this process and has an opportunity to ask any questions prior to filing. Form 990, Part VI, Section B, line 12c Responsible Persons shall periodically complete a Conflict of Interest Disclosure Statement identifying any relationships, positions or circumstances in which the Responsible Person is involved where the Responsible Person believes there could be an actual or apparent Conflict of Interest. Responsible Person shall supplement the Statement whenever necessary to keep the organization informed. The Board of Trustees reviewed compensation from comparable organizations when determining the compensation for its new President. The Board will review compensation of other key employees in the future. Form 990, Part VI, Section C, line 18 Forms 1023, 990 and 990-T are available on request during normal working hours by appointment. Form 990, Part VI, Section C, line 19 All documents required to be available to the public may be reviewed during normal working hours at the Ave Maria University Administrative Office in Ave Maria Florida by appointment. Changes in Net Assets or Fund Balances: Form 990, Part XI, line 5: Net unrealized losses on investments: -164,600. Ave Maria College 5050 Ave Maria Blvd Ave Maria FL 34142 383415373 Ave Maria College ceased operations 6/30/07 and moved to Ave Maria, Florida. MI 501(c)(3) Sec 170(b)(1)(A)(ii) AMU owns 100 of AMC stock 0 Ave Maria University Supporting Trust Inc 5050 Ave Maria Blvd Ave Maria FL 34142 200261366 Support the tax exempt purposes of Ave Maria University FL 501(c)(3) 509(a)(3) 0 Ave Maria Land Trust Inc 5050 Ave Maria Blvd Ave Maria FL 34142 200154974 Support the tax exempt purposes of Ave Maria University FL 501(c)(3) 509(a)(3) 0 Ave Maria Foundation For The Arts 5050 Ave Maria Blvd Ave Maria FL 34142 264041143 Supporting organization to Ave Maria University FL 501(c)(3) 509(a)(3) 0 1 0 1 0 0 0 0 0 0 0 0 0 1 0 1 1 1 0 Ave Maria Foundation O 8000 Cash Ave Maria Foundation For The Arts C 87253 FMV Ave Maria Foundation For The Arts P 9300 Cash Ave Maria University Land Trust A 741041 Cash Ave Maria University Land Trust Q 728327 Cash Rhodora J Donahue Academy P 56500 Cash Rhodora J Donahue Academy M 190000 FMV Rhodora J Donahue Academy C 875000 FMV