2013-10-31T09:41:28-05:00 2013-06-30 410746749 CLIFTONLARSONALLEN LLP 220 SOUTH SIXTH STREET SUITE 300 MINNEAPOLIS MN 55402 990 2012-07-01 596605703 HODGES UNIVERSITY INC HODG 8004668017 2655 NORTHBROOKE DRIVE NAPLES FL 34119 ERICA M TILLERY 8004668017 2013-10-23 1 CHAD LASSEN P01587992 6123764500 2012 2016-03-07 17:11:31Z JEANETTE BROCK 2655 NORTHBROOKE DRIVE NAPLES FL 34119 69905594 0 X WWW.HODGES.EDU X 1990 FL DEGREE PROGRAMS TO ENHANCE THE ABILITY OF STUDENTS TO ACHIEVE LIFE OR CAREER OBJECTIVES. 13 10 536 175 8343 6842 603243 1193142 37812267 35631033 202279 222019 237035 -30740 38854824 37015454 3562860 2762169 0 0 20914790 21289792 0 0 437532 11697744 11676193 36175394 35728154 2679430 1287300 68264264 67646754 26105353 24763504 42158911 42883250 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 LIFE OR CAREER OBJECTIVES. 0 0 27062600 2762169 35761972 HODGES UNIVERSITY IS REGIONALLY ACCREDITED AND AWARDS ASSOCIATE, BACHELOR'S AND MASTER'S DEGREES. THE UNIVERSITY HAS APPROXIMATELY 2,500 STUDENTS ON CAMPUSES IN NAPLES AND FORT MYERS, FLORIDA. THE PROGRAMS OF THE UNIVERSITY ARE AS FOLLOWS: 12 ASSOCIATE DEGREES 13 BACHELOR'S DEGREES 9 GRADUATE DEGREES 23 ONLINE DEGREES ENGLISH AS A SECOND LANGUAGE LIFELONG LEARNING CLASSES AT THE FRANCES PEW HAYES CENTER FOR LIFELONG LEARNING PROFESSIONAL DEVELOPMENT CENTER HISPANIC INSTITUTE CENTER FOR NONPROFIT EXCELLENCE SCHOOLS: JOHNSON SCHOOL OF BUSINESS SCHOOL OF ALLIED HEALTH NICHOLS SCHOOL OF PROFESSIONAL STUDIES FISHER SCHOOL OF TECHNOLOGY 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. 27062600 1 1 0 1 0 0 0 0 0 0 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 1 1 0 0 0 0 1 1 1 0 0 1 9 6 536 1 1 1 0 0 0 0 1 1 0 0 0 0 X 13 10 1 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 34119 JOHN J AGNELLI 5.00 0.00 X X 0 0 0 KEITH ARNOLD 5.00 0.00 X 0 0 0 DR JOSEPH DONAHUE 5.00 0.00 X 0 0 0 TODD GATES 5.00 0.00 X 0 0 0 JAMES HUMPHREY 5.00 0.00 X 0 0 0 TERRENCE IGO 5.00 0.00 X 0 0 0 LESLIE KING 5.00 0.00 X 0 0 0 GERARD A MCHALE JR 5.00 0.00 X 0 0 0 KATHLEEN PASSIDOMO 5.00 0.00 X 0 0 0 MICHAEL PRIOLETTI 5.00 0.00 X 0 0 0 ROBERT SIMPSON 5.00 0.00 X 0 0 0 JAMES STAMPER 5.00 0.00 X 0 0 0 SANDRA STILLWELL 5.00 0.00 X 0 0 0 TERRY MCMAHAN 40.00 0.00 X 543063 0 29200 JEANETTE BROCK 40.00 0.00 X 426556 0 29200 JOHN W WHITE 40.00 0.00 X 448929 0 29700 NANCY WYANT 40.00 0.00 X 159418 0 24076 DAVID RICE 40.00 0.00 X 162463 0 12600 GEORGE BOWMAN 40.00 0.00 X 128533 0 29200 JOSEPH GILCHRIST 40.00 0.00 X 126262 0 29195 AYSEGUL TIMUR 40.00 0.00 X 132021 0 18000 KAREN LOCKLEAR 40.00 0.00 X 122696 0 11400 RITA LAMPUS 40.00 0.00 X 122547 0 27280 2372488 0 239851 20 0 1 0 GATES CONSTRUCTION INC 27599 RIVERVIEW CTR BLVD STE 205 BONITA SPRINGS FL 34134 BUILDING CONSTRUCTION 1407002 EDUCATION DYNAMICS PO BOX 24382 NETWORK PL CHICAGO IL 60673 EDUCATIONAL ADVERTISING 580910 SOFTRIM CORP 9210 ESTERO PARK COMMONS BLVD ESTERO FL 33928 NETWORK WIRING, MAINTENANCE 476826 ELLUCIAN 4375 FAIR LAKES CT FAIRFAX VA 22033 SOFTWARE SERVICES 448037 BLACKBOARD PO BOX 200154 PITTSBURGH PA 15251 SOFTWARE SERVICES 269162 20 342242 227602 623298 330541 1193142 TUITION AND FEES 611600 35631033 35631033 35631033 192978 192978 10000 1657 8343 8343 8343 32599012 2216 32569033 3154 29979 -938 29041 29041 76210 342242 246232 -170022 -170022 201003 70064 130939 130939 37015454 35761972 8343 51997 85529 85529 2676640 2676640 2554175 457680 1823666 272829 14745011 13732307 979963 32741 1440007 1328598 95144 16265 1200988 1042555 151363 7070 1349611 1109234 216710 23667 53942 53942 48525 48525 47000 47000 443710 139299 297725 6686 935874 905674 21632 8568 761706 506888 234726 20092 1835732 752082 1083650 1678756 1678756 523141 298570 196978 27593 96191 87846 8345 205328 205328 2717813 2717813 340659 340659 EQUIPMENT RENTAL/MAINT 562092 259209 302883 LIBRARY RESOURCES 452035 452035 BAD DEBT EXPENSE 428747 428747 DUES, SUBSCRIPTIONS, TA 195781 58108 133519 4154 349161 247205 92434 9522 35728154 27062600 8228022 437532 6426485 2224413 789381 146516 8397829 8388323 1258652 1808480 97306 70897 568212 804688 53484618 13764782 42314649 39719836 7062975 13192562 1348775 1291039 68264264 67646754 1927233 1668562 4608120 4484734 13920000 13125000 5650000 5485208 26105353 24763504 X 33552111 34083329 8606800 8799921 42158911 42883250 68264264 67646754 X 1287300 -180161 -382800 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 0 0 0 0 1 47000 0 0 47000 0 EXPLANATION OF LOBBYING ACTIVITIES: PART II-B, LINE 1: A FEE OF $47,000 WAS PAID TO A MANAGEMENT CONSULTING FIRM TO SUPPORT THE INTERESTS OF THE UNIVERSITY. 9821347 9821347 28890370 5175273 23715097 2724819 1101810 1623009 11738069 7256098 4481971 310013 231601 78412 39719836 X DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X, LINE 2: THE UNIVERSITY AND FOUNDATION ARE TAX-EXEMPT ORGANIZATIONS UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THEY ARE NOT CONSIDERED A PRIVATE FOUNDATION AND CONTRIBUTIONS ARE CONSIDERED TAX DEDUCTIBLE. THE UNIVERSITY AND FOUNDATION ARE 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, 2013, THE UNIVERSITY AND FOUNDATION HAVE NO MATERIAL OBLIGATION FOR UNRELATED BUSINESS INCOME TAX, AND FOR THE YEAR ENDED JUNE 30, 2012, HAD NO OBLIGATION. THE UNIVERSITY AND FOUNDATION HAVE ADOPTED THE INCOME TAX STANDARD FOR UNCERTAIN TAX POSITIONS. AS A RESULT OF THE IMPLEMENTATION, THE UNIVERSITY AND FOUNDATION EVALUATED ITS TAX POSITIONS AND DETERMINED IT HAS NO UNCERTAIN TAX POSITIONS AS OF JUNE 30, 2013 AND 2012. THE UNIVERSITY AND FOUNDATION'S 2010 THROUGH 2012 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 EXPLANATION OF NONDISCRIMINATORY POLICY PUBLICATION 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. EXPLANATION OF GOVERNMENT FINANCIAL ASSISTANCE 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. 2013 SPRING GOLF CLASSIC 116070 91835 24235 0 71758 2888 24415 8000 4593 2013 PRESIDENT'S TRIBUTE 172789 138164 34625 0 0 0 30478 15000 12658 2 129593 112243 17350 0 0 0 36517 19375 20550 418452 342242 76210 71758 2888 91410 42375 37801 246232 -170022 1 HORIZON FOUNDATION INC 2201 SECOND ST SUITE 500 FORT MYERS FL 33901 650872214 501(C)(3) 7500 0 N/A N/A SPONSORSHIP JUNIOR ACHIEVEMENT OF SW FLORIDA 9530 MARKETPLACE RD SUITE 302 FORT MYERS FL 33912 650503084 501(C)(3) 8630 0 N/A N/A SPONSORSHIP 2 0 INSTITUTIONAL AID 383 2676640 N/A N/A PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, 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, 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. X X X X X 0 1 0 0 0 0 0 0 0 TERRY MCMAHAN 278121 0 0 0 264942 0 22000 0 7200 0 572263 0 0 0 JEANETTE BROCK 231939 0 0 0 194617 0 22000 0 7200 0 455756 0 0 0 JOHN W WHITE 227305 0 0 0 221624 0 22500 0 7200 0 478629 0 0 0 NANCY WYANT 159418 0 0 0 0 0 16876 0 7200 0 183494 0 0 0 DAVID RICE 137463 0 25000 0 0 0 5400 0 7200 0 175063 0 0 0 GEORGE BOWMAN 103533 0 25000 0 0 0 22000 0 7200 0 157733 0 0 0 JOSEPH GILCHRIST 101262 0 25000 0 0 0 21995 0 7200 0 155457 0 0 0 AYSEGUL TIMUR 132021 0 0 0 0 0 10800 0 7200 0 150021 0 0 0 PART I, LINE 4B TERRY P. MCMAHAN - THE AMOUNT REPORTED ON SCHEDULE J COLUMN B(III) OF $256,880 IS CONTRIBUTION TO A 457(F) NON-QUALIFIED EXECUTIVE RETIREMENT PLAN. THE AMOUNT BECAME TAXABLE TO THE INDIVIDUAL IN 2012. JEANETTE BROCK - THE AMOUNT REPORTED ON SCHEDULE J COLUMN B(III) OF $185,239 IS CONTRIBUTION TO A 457(F) NON-QUALIFIED EXECUTIVE RETIREMENT PLAN. THE AMOUNT BECAME TAXABLE TO THE INDIVIDUAL IN 2012. JOHN H. WHITE - THE AMOUNT REPORTED ON SCHEDULE J COLUMN B(III) OF $208,507 IS CONTRIBUTION TO A 457(F) NON-QUALIFIED EXECUTIVE RETIREMENT PLAN. THE AMOUNT BECAME TAXABLE TO THE INDIVIDUAL IN 2012. SUPPLEMENTAL INFORMATION PART III THE UNIVERSITY ESTABLISHED A DEFINED BENEFIT EXECUTIVE RETIREMENT PLAN FOR THREE KEY EXECUTIVES ON JULY 1, 2003. THE PLAN CALLS FOR AN ACCUMULATION 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 PARTICIPANTS. 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 EXECUTIVE RETIREMENT TRUST. NONE OF THE AMOUNTS RELATED TO THE EXECUTIVE RETIREMENT PLAN WHICH ARE REQUIRED TO BE REPORTED IN FORM 990, PART VII AND FORM 990, SCHEDULE J, PART II HAVE BEEN DISBURSED TO THE PARTICIPANTS, NOR ARE THE AMOUNTS AVAILABLE TO THE PARTICIPANTS UNTIL THEY RETIRE. A COLLIER CTY ED FAC AUTHORITY 650915682 19463TAA4 2004-04-21 19245000 REFUND BONDS AND FINANCE NEW LAND & BUILDING 0 0 0 A 6120000 19245000 494100 14076560 2005 1 0 1 1 A 0 0 0 0 0 0 0 A 1 1 1 FIFTH THIRD BANK 7.000000000000 0 0 0 0 0 A 0 GATES INC TODD GATES IS A MEMBER OF THE BOARD OF TRUSTEES AND CHAIRMAN OF GATES, INC. 103329 GATES, INC. IS THE GENERAL CONTRACTOR OF A BUILDING CONSTRUCTION PROJECT FOR HODGES UNIVERSITY, INC. 0 X 4 274102 STOCK MARKET QUOTES X AUCTION ITEMS 11 56439 ESTIMATED FMV 0 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 A, LINE 2 TRUSTEES KEITH ARNOLD AND JAMES HUMPHREY HAVE A BUSINESS RELATIONSHIP. 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. 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 POTENTIAL 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 2013 FOR PRESIDENT, T. MCMAHAN, SECRETARY, J. BROCK, AND TREASURER, J. WHITE. 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: CHANGE IN VALUE OF THE DEFINED BENEFIT PLAN 316,340. BUILDING IMPAIRMENT LOSS -699,140. HODGES UNIVERSITY FOUNDATION INC 2655 NORTHBROOKE DRIVE NAPLES FL 34119 651176465 RAISE & INVEST ENDOWMENT FUNDS FL 501(C)(3) LINE 11B, II HODGES UNIVERSITY INC 1 0 0 1 0 0 0 0 0 0 0 0 1 1 1 1 0 0 0 0 HODGES UNIVERSITY FOUNDATION INC C 227602 CASH TRANSFERRED