2013-03-14T14:40:43-05:00 2012-04-30 GRANT THORNTON LLP 2001 MARKET STREET SUITE 3100 PHILADELPHIA PA 19103 990 2011-05-01 530196549 The American University % JOHN SMIELL CONTROLLER AMER 2028852841 c/o Controllers Office Washington DC 200168020 DONALD L MYERS 2028852709 2013-03-01 true A Ronald Taxin 2155614200 2011 2016-02-25 16:41:14Z Donald L Myers c/o Controllers Office Washington DC 200168020 789475568 false X www.american.edu X 1893 DC AMERICAN UNIVERSITY IS AN INDEPENDENT, COEDUCATIONAL UNIVERSITY LOCATED ON AN 85-ACRE CAMPUS IN WASHINGTON, DC. 26 26 8776 400 212236 -593833 27040712 32204484 526778459 543528761 31270267 29517998 0 0 585089438 605251243 92199872 96767363 0 0 251191131 259608972 0 0 16300969 178464166 193771380 521855169 550147715 63234269 55103528 1161428269 1273274511 368130218 487752771 793298051 785521740 X CHARTERED BY AN ACT OF CONGRESS IN 1893, AMERICAN UNIVERSITY IS AN INDEPEDENT, COEDUCATIONAL UNIVERSITY LOCATED ON AN 85-ACRE CAMPUS IN WASHINGTON, DC. A GLOBAL OUTLOOK, PRACTICAL IDEALISM, AND A PASSION FOR PUBLIC SERVICE DEFINE AMERICAN UNIVERSITY. OUR ACADEMIC STRENGTHS ARE GROUNDED IN SOCIAL RESPONSIBILITY AND A COMMITMENT TO CULTURAL AND INTELLECTUAL DIVERSITY. false false 150728458 441610902 INSTRUCTION: THE UNIVERSITY'S MISSION IS CARRIED OUT BY ALMOST 800 FULL-TIME TEACHING AND RESEARCH FACULTY IN SIX ACADEMIC DIVISIONS OFFERING 61 BACHELOR'S PROGRAMS, 54 MASTER'S PROGRAMS, 11 DOCTORAL PROGRAMS, AND J.D., S.J.D., AND LL.M PROGRAMS. CERTIFICATE PROGRAMS AND AN ASSOCIATE DEGREE PROGRAM ARE OFFERED AS WELL. STUDENT-FACULTY RATIO= 12:1. AVERAGE CLASS SIZE= 22.4 STUDENTS. 96767363 96767363 SCHOLARSHIPS AND FELLOWSHIPS: AMERICAN UNIVERSITY AWARDS FINANCIAL AID TO STUDENTS BASED ON A COMBINATION OF DEMONSTRATED FINANCIAL NEED, ACADEMIC ACHIEVEMENT, AND THE AVAILABILITY OF FUNDS. ONCE A STUDENT IS ADMIITED, THE FINANCIAL AID OFFICE WILL DETERMINE NEED AND DEVELOP A FINANCIAL AID AWARD THAT INCLUDES FUNDS FROM THE PROGRAMS FOR WHICH THE STUDENT QUALIFIES. TO RECEIVE CONSIDERATION FOR FINANCIAL AID, A STUDENT MUST BE A UNITED STATES CITIZEN OR ELIGIBLE NON-CITIZEN IN A DEGREE PROGRAM. 66534917 71634585 AUXILIARY ENTERPRISES: UNIVERSITY DORMITORIES, CONSISTING OF TEN RESIDENCE HALLS,PROVIDE LIVING QUARTERS FOR ALMOST 4,000 STUDENTS. ALSO PROVIDED ARE RECREATIONAL FACILITIES, DINING SERVICES, PARKING, AND OTHER SELF-SUPPORING FACULTY, STAFF, AND STUDENT SERVICES. 52738738 Academic Support 40157997 Student Services 44664679 Institutional Support 60156429 Research & Public Service 197717843 511748581 true true false false false false true false true true false false false true true true false true true true false false false false false false false true true true false false false false false false true false false true true true false false false true false false false false true X 1156 0 true 8776 true true true true BE SP false false false true true false false false false false false X 26 26 false false false false false false false true true false false true true true true true true true true false X JOHN SMIELL CONTROLLER 2028852841 4400 MASSACHUESETTS AVENUE NW Washington DC 200168020 X Jeffrey A Sine 2.0 X 0 0 0 Patrick Butler 2.0 X 0 0 0 Gary M Abramson 2.0 X 0 0 0 Gina F Adams 2.0 X 0 0 0 Stephanie M Bennett-Smith 2.0 X 0 0 0 Kim Cape 2.0 X 0 0 0 Jack C Cassell 2.0 X 0 0 0 Gary D Cohn 2.0 X 0 0 0 Pamela M Deese 2.0 X 0 0 0 David R Drobis 2.0 X 0 0 0 Marc N Duber 2.0 X 0 0 0 Hani M S Farsi 2.0 X 0 0 0 C A Daniel Gasby 2.0 X 0 0 0 Thomas A Gottschalk 2.0 X 0 0 0 Gisela B Huberman 2.0 X 0 0 0 C Nicholas Keating Jr 2.0 X 0 0 0 Margery Kraus 2.0 X 0 0 0 Gerald Bruce Lee 2.0 X 0 0 0 Charles H Lydecker 2.0 X 0 0 0 Robyn Rafferty Mathias 2.0 X 0 0 0 Marcus Matthews 2.0 X 0 0 0 Alan L Meltzer 2.0 X 0 0 0 Regina L Muehlhauser 2.0 X 0 0 0 Arthur J Rothkopf 2.0 X 0 0 0 Peter L Scher 2.0 X 0 0 0 Mark L Schneider 2.0 X 0 0 0 Cornelius M Kerwin 50.0 X 1287963 0 41884 Scott A Bass 50.0 X 598755 0 46118 Donald L Myers 50.0 X 676022 0 39376 Mary E Kennard 50.0 X 428466 0 33997 Gail S Hanson 50.0 X 328829 0 27613 Thomas J Minar 50.0 X 309883 0 57183 Teresa Flannery 50.0 X 191757 0 29354 Claudio M Grossman 50.0 X 449012 0 33901 Jorge J Abud 50.0 X 294785 0 44654 Andrew F Popper 50.0 X 273788 0 28913 Jeffrey A Jones 50.0 X 309330 0 27974 David G Swartz 50.0 X 288239 0 38078 Robyn Lynn Lumsdaine 50.0 X 308659 0 29278 Robert A Pastor 50.0 X 212225 0 36750 5957713 0 515073 435 true true false Bon Appetit Management Company 100 Hamilton Ave 400 PALO ALTO CA 94301 Food Services 12786121 Armark 1101 MARKET STREET PHILADELPHIA PA 19107 Cleaning Services 5390959 Camson Construction Inc 1 Bank Street Suite 250 GAITHERSBURG MD 20878 Construction 2761517 Little Diversified Architectural Co 5818 Westpark Drive CHARLOTTE NC 28217 Consulting 2233224 SIGAL CONSTRUCTION CORPORATION 2231 CRYSTAL DRIVE SUITE 200 ARLINGTON VA 22202 Construction 962249 35 2544100 8559146 21101238 2099765 32204484 STUDENT TUITION & FEES 611710 441610902 441610902 AUXILIARY SERVICES 713940 71634585 71422349 212236 PUBLIC RADIO STATION 611710 9330865 9330865 RESEARCH/TRAINING CONTRACTS 611430 18328364 18328364 OTHER PROGRAM SERVICE REVENUE 611710 2624045 2624045 543528761 19350741 19350741 0 0 194391582 184224325 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-62879839 -62879839 -7776311 445604041 -62879839 -62879839 508483880 96767363 96767363 605251243 453380352 453380352 96767363 96767363 550147715 SCHEDULE D, PART III, LINE 4 THE TWO MAJOR COMPONENTS OF THE UNIVERSITY'S ART COLLECTION ARE THE WATKINS COLLECTION BEGUN IN 1945, AND THE KATZEN COLLECTION BEGUN IN 2005. THE COLLECTIONS SERVE AS A TEACHING RESOURCE FOR THE ART DEPARTMENT AT AMERICAN UNIVERSITY, AS WELL AS TELLING THE STORY OF MODERN ART AND ITS OFFSHOOTS IN WASHINGTON DC, WITH SIDE STORIES RELATED TO WHAT WAS HAPPENING IN THE LARGER CONTEMPORARY WORLD. THE MUSEUM FEATURES OVER 30,000 SQUARE FEET OF EXHIBITION SPACE FOR THESE TWO COLLECTIONS. THE PUBLIC IS WELCOME TO VISIT THE MUSEUM AND EXHIBITIONS FREE OF CHARGE. INDEED, THE KATZEN ARTS CENTER IS NOW A DESTINATION FOR CERTAIN TOUR GROUPS IN WASHINGTON DC. SCHEDULE D, PART X IN 2008, THE UNIVERSITY IMPLEMENTED THE PROVISIONS OF FASB INTERPRETATION NO. 48, ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES. THE UNIVERSITY CONCLUDED THERE WERE NO OPEN POSITIONS THAT RESULT IN MATERIAL UNRECOGNIZED TAX BENEFITS. SCHEDULE D, PART XII, LINE 4B, PART XIII, LINE 4B SCHOLARSHIPS ALLOWANCE REPORTED FOR FINANCIAL STATEMENT PURPOSES. SCHEDULE D, PART V, LINE 4 THE UNIVERSITY'S ENDOWMENT CONSISTS OF APPROXIMATELY 450 INDIVIDUAL FUNDS ESTABLISHED FOR SCHOLARSHIPS AND RELATED ACADEMIC ACTIVITIES. ITS ENDOWMENT INCLUDES BOTH DONOR RESTRICTED ENDOWMENT FUNDS AND FUNDS DESIGNATED BY THE BOARD OF TRUSTEES TO FUNCTION AS ENDOWMENTS. AS REQUIRED BY GAAP, NET ASSETS ASSOCIATED WITH ENDOWMENT FUNDS, INCLUDING FUNDS DESIGNATED BY THE BOARD OF TRUSTEES TO FUNCTION AS ENDOWMENTS, ARE CLASSIFIED AND REPORTED BASED ON THE EXISTENCE OR ABSCENCE OF DONOR-IMPOSED RESTRICTIONS. SCHEDULE D, PART V - Statement Disclosure for the reporting change The University previously reported endowment net assets for the fiscal year 2009, 2010, and 2011. Beginning with fiscal year 2012 the University has elected to report the total assets. Prior years reported amounts have been restated. This reporting change is consistent with the reporting practices of majority of Colleges and Universities. true true true true true true true false false false false false false false false true false true SCHEDULE E, LINE 3 UNIVERSITY'S NONDISCRIMINATORY POLICY TOWARDS RACE, CREED, COLOR, NATIONAL ORIGIN, AGE, HANDICAP, OR SEX IS NOTED IN ALL ADMISSION PUBLICATIONS, APPLICATION FORMS, TRANSFER GUIDES, MEDIA SOLICITATIONS FOR STUDENTS AND ALL OFFICIAL UNIVERSITY PUBLICATIONS. AMERICAN UNIVERSITY IS AN EQUAL OPPORTUNITY, AFFIRMATIVE ACTION INSTITUTION THAT OPERATES IN COMPLIANCE WITH APPLICABLE LAWS AND REGULATIONS. MORE IMPORTANTLY, SUCH COMPLIANCE STEMS FROM THE HISTORY AND TRADITION OF THE UNIVERSITY THAT EMBRACES AND EXPRESSES THE DEEPEST VALUES OF THE HUMAN COMMUNITY- EQUALITY, OPENNESS, AND THE DIGNITY OF EVERY INDIVIDUAL. THE FACT THAT THE UNIVERSITY DOES NOT DISCRIMINATE ON THE BASIS OF COLOR, RELIGION, NATIONAL ORIGIN, GENDER, SEXUAL ORIENTATION, GENDER IDENTITY AND EXPRESSION, AGE, OR DISABILITY IS, IN FACT, CONSISTENT WITH AND A REFLECTION OF ITS SPECIAL TRADITION OF SOCIAL JUSTICE. EXTENDING THAT TRADITION INTO THE PRESENT, EQUAL OPPORTUNITY, AFFIRMATIVE ACTION, AND NONDISCRIMINATION APPLY TO EVERY ASPECT OF THE UNIVERSITY'S OPERATIONS AND ACTIVITIES, INCLUDING ADMISSION, EMPLOYMENT, AND ACCESS TO UNIVERSITY PROGRAMS AND SERVICES. SCHEDULE E, LINE 6 THE UNIVERSITY RECEIVES US DEPARTMENT OF EDUCATION STUDENT AID FUNDS- USE OF SUCH FUNDS IS AUDITED BY INDEPENDENT AUDITORS IN ACCORDANCE WITH THE REGULATIONS AND PROCEDURES ISSUED BY THE FEDERAL GOVERNMENT. false Central America and the Caribbean Program Services Study Abroad 246951 East Asia and the Pacific Program Services Study Abroad 1053349 Europe (Including Iceland and Greenland) 2 2 Program Services Study Abroad 8311370 Middle East and North Africa Program Services Study Abroad 1189966 North America Program Services Study Abroad 12655 Russia and the Newly Independent States Program Services Study Abroad 302665 South America Program Services Study Abroad 480066 South Asia Program Services Study Abroad 209857 Sub-Saharan Africa Program Services Study Abroad 729936 Sub-Saharan Africa Program Services Edu Management 1118081 Europe (Including Iceland and Greenland) Program Services Research & Training 6846 Russia and the Newly Independent States Program Services Research & Training 88456 East Asia and the Pacific Program Services Research & Training 120277 Middle East and North Africa Program Services Research & Training 395980 North America Program Services Research & Training 37008 Central America and the Caribbean Investments 78094483 East Asia and the Pacific Investments 3719517 2 2 2 2 96117463 96117463 false false false false true false SCHEDULE F, PART I ANNUALLY, MORE THAN 830 STUDENTS PARTICIPATE IN THE AU ABROAD PROGRAM. UNDERGRADUATES SELECT FROM MORE THAN 100 PROGRAMS WHICH SPAN DIVERSE CULTURES AND LANGUAGES ON ALL CONTINENTS. THE UNIVERSITY Is THE RECIPIENT OF SERVERAL CONTRACTS TO CONDUCT RESEARCH FOR THE US DEPARTMENT OF STATE AND OTHER AGENCIES AS WELL AS TO PROVIDE EDUCATIONAL MANAGEMENT SUPPORT TO FOREIGN INSTITUTIONS OF HIGHER EDUCATION. true Student Scholarships 9355 96767363 FMV FIN AID SCHEDULE I, PART 1, LINE 2 ALL STUDENTS RECEIVING SCHOLARSHIPS AND FELLOWSHIPS ARE JUDGED WORTHY BY THE UNIVERSITY'S ASSESSMENT ON THE BASIS OF ACADEMIC ACHIEVMENT, FINANCIAL NEED AND SIMILAR STANDARDS. APPROXIMATELY 75% OF FULL TIME FRESHMEN APPLIED FOR NEED BASED FINANCIAL AID. X X X true true X X X X X X false true false false false false false true false Cornelius M Kerwin 563191 0 137450 0 587322 0 24500 0 17384 0 1329847 0 374577 0 Scott A Bass 334125 0 82700 0 181930 0 25821 0 20297 0 644873 0 101050 0 Donald L Myers 467568 0 183185 0 25269 0 24500 0 14876 0 715398 0 0 0 Mary E Kennard 319767 0 94220 0 14479 0 25338 0 8659 0 462463 0 0 0 Gail S Hanson 272453 0 53700 0 2676 0 25036 0 2577 0 356442 0 0 0 Thomas J Minar 267764 0 39780 0 2339 0 51727 0 5456 0 367066 0 0 0 Teresa Flannery 191545 0 0 0 212 0 20570 0 8784 0 221111 0 0 0 Claudio M Grossman 431435 0 0 0 17577 0 24500 0 9401 0 482913 0 0 0 Jorge J Abud 242896 0 0 0 51889 0 25033 0 19621 0 339439 0 0 0 Andrew F Popper 272011 0 0 0 1777 0 24355 0 4558 0 302701 0 0 0 Jeffrey A Jones 303314 0 0 0 6016 0 20501 0 7473 0 337304 0 0 0 David G Swartz 284163 0 0 0 4076 0 25223 0 12855 0 326317 0 0 0 Robyn Lynn Lumsdaine 308400 0 0 0 259 0 23050 0 6228 0 337937 0 0 0 Robert A Pastor 211981 0 0 0 244 0 21952 0 14798 0 248975 0 0 0 HOUSING ALLOWANCE OR RESIDENCE FOR PERSONAL USE Part I Line 1 THE PRESIDENT RESIDES IN UNIVERSITY OWNED ON-CAMPUS HOUSING AS A CONDITION OF HIS EMPLOYMENT AND FOR THE CONVENIENCE OF THE UNIVERSITY. THE RESIDENCE IS USED FOR UNIVERSITY-RELATED BUSINESS AND ENTERTAINMENT PURPOSES ON A CONTINUAL BASIS. HEALTH OR SOCIAL CLUB Part I, Line 1 AMERICAN UNIVERSITY PROVIDES MEMBERSHIPS TO VARIOUS BUSINESS CLUBS IN WASHINGTON DC FOR THE PRESIDENT AND OTHER OFFICERS. THE USE OF THE CLUBS IS LIMITED TO AMERICAN UNIVERSITY BUSINESS PURPOSES AND THE EXPENSES ARE REVIEWED ACCORDING TO THE EXPENSE REIMBURSEMENT POLICIES OF THE UNIVERSITY. PART I, Line 4B OFFICERS OF THE UNIVERSITY PARTICIPATE IN A BOARD OF TRUSTEES APPROVED EXECUTIVE COMPENSATION PROGRAM WHICH INCLUDES PROVISIONS THAT FALL UNDER SECTION 457(F) OF THE INTERNAL REVENUE CODE. THE FOLLOWING OFFICERS RECEIVED CONTRIBUTIONS TO SUCH SUPPLEMENTAL NONQUALIFIED PLAN: CORNELIUS KERWIN, $109,960; SCOTT BASS, $49,612; THOMAS MINAR, $26,520, ALL OF WHICH ARE REPORTED ON SCHEDULE J, PART II. Part I, Line 7 OFFICERS OF THE UNIVERSITY PARTICPATE IN A BOARD OF TRUSTEES APPROVED EXECUTIVE COMPENSATION PROGRAM WHICH INCLUDES AN INCENTIVE COMPENSATION PLAN. THE ANNUAL AMOUNT IS CAPPED AT A PERCENTAGE OF THEIR SALARY. THE PLAN IS BASED ON THE ACHIEVEMENT OF CERTAIN PROGRAMMATIC GOALS AND OBJECTIVES FOR THE OFFICERS' UNITS AND THE UNIVERSITY. THE GOALS ARE NON-REVENUE RELATED GOALS. THE PLAN IS APPROVED BY THE COMPENSATION COMMITTEE AND THE COMMITTEE REVIEWS AND APPROVES THE ANNUAL AWARDS BASED ON THE PERFORMANCE ACHIEVED ON THE AGREED-UPON GOALS. ADDITIONAL INFORMATION - ROBERT PASTOR ROBERT PASTOR IS THE FORMER VP FOR INTERNATIONAL AFFAIRS. THE COMPENSATION REPORTED ON SCHEDULE J-2 IS FOR HIS POSITION AS A PROFESSOR AT THE UNIVERSITY. NO PART OF THE COMPENSATION IS PAID FOR HIS SERVICE AS A FORMER OFFICER OF THE UNIVERSITY. Spousal Travel Part I, Line 1 THE UNIVERSITY REIMBURSES REASONABLE AND NECESSARY BUSINESS TRAVEL EXPENSES FOR THE SPOUSE OF THE PRESIDENT WHEN ACCOMPANYING THE PRESIDENT ON OFFICIAL UNIVERSITY BUSINESS. SPOUSAL TRAVEL IS REVIEWED AND APPROVED BY THE CHAIRMAN OF THE BOARD OF TRUSTEES ON A QUARTERLY BASIS. SCHEDULE J, Part III - Supplemental Information Amounts reported on Schedule J , Part II, Column (B)(iii) include deferred compensation amounts under a Board of Trustees approved executive compensation plan in accordance with Section 457(f) of the Internal Revenue Code. These amounts were distributed from a qualified retirement plan trustee account due to vesting. For President Kerwin, a total of $484,537 was contributed as deferred compensation by the university from 2008 - 2011, of which $374,577 was also reported on prior year Form 990s as contributions to deferred compensation. $63,561 represents investment earnings thereon while held in trust. For Provost Bass, a total of $159,239 was contributed as deferred compensation by the university from 2009 - 2011, of which $101,050 was also reported on prior year Form 990s as contributions to deferred compensation. $19,961 represents investment earnings thereon while held in trust. District of Columbia 536001131 2548394P5 2008-01-15 60900000 Construction false false false District of Columbia 536001131 25484JAH3 2006-08-16 99975000 Construction false false false District of Columbia 536001131 25484JAG5 2003-04-03 37000000 Construction false false false 60900000 0 0 0 0 0 0 0 0 0 0 0 true false true true 61447009 0 40969227 0 0 0 530463 1452653 0 38986111 0 0 2010 true false true true 0 0 37378342 0 2593738 0 573460 692665 0 33518479 0 0 2005 false false true true 0 false false false false 0 0.00800 0.00800 true false true false false 0.00100 0.00100 true false true false 0 false 0 true false false true false 0 false 0 true false false true false 0 false 0 true false X Officer Officer 24704 Tuition JP Morgan Chase Peter Scher key employee 2505271 Interest on bank loan false Transaction with JP Morgan Chase Schedule L, Part IV Peter Scher is a Trustee of American University and a key employee of JP Morgan Chase. Bank loan from JP Morgan Chase was awarded based on a competitive bid process resulting in the most favorable rate and terms. Trustee Scher recused himself from the Board of Trustees' decision to accept the JP Morgan loan. X 61 304600 Opinion of Expert X 323940 Opinion of Expert X 59 366647 Valuation Date Price X 1 295000 FMV X Software Licences 5 783054 Comparable Sales X Meals and Gift Cards 11 17541 FMV X Electronics 10 8983 FMV 1 false true false FORM 990, PART III, OTHER PROGRAM SERVICES ACADEMIC SUPPORT- THE UNIVERSITY LIBRARIES, ACADEMIC COMPUTER SERVICES, ADMINISTRATIVE OFFICES AND SUPPORT FOR THE SIX ACADEMIC DIVISIONS. STUDENT SERVICES- HEALTH AND COUNSELING, CAREER CENTER, UNIVERSITY REGISTRAR, FINANCIAL AID AND ENROLLMENT SERVICES, SPORTS AND RECREATION. INSTITUTIONAL SUPPORT- INFORMATION TECHNOLOGY, TELECOMMUNICATIONS, SPACE MANAGEMENT, SECURITY, MAIL AND TRANSPORTATION SERVICES. RESEARCH- RESEARCH AND TECHNICAL ASSISTANCE PROJECTS FUNDED BY FEDERAL AND PRIVATE AGENCIES. PUBLIC SERVICE- THE OPERATION OF WAMU 88.5 FM, A 24-HOUR, 50,000 WATT PUBLIC RADIO STATION LICENSED TO THE UNIVERSITY SINCE 1961. See Scehdule O Attachement 3 for total expenses for other program services. BOARD OF TRUSTEES FORM 990, PART VI, LINE 1A THE BOARD OF TRUSTEES CONSISTS OF 30 MEMBERS, 26 OF WHOM HAVE VOTING RIGHTS. REVIEW PROCESS FORM 990, PART VI, LINE 10 FORM 990 IS PREPARED BY THE FINANCE OFFICE AND REVIEWED BY INDEPENDENT TAX ADVISORS. FORM 990 IS REVIEWED AND SIGNED BY THE CHIEF FINANCIAL OFFICER. FORM 990 IS REVIEWED AND APPROVED BY THE AUDIT COMMITTEE PRIOR TO FILING. ACCESS TO THE FORM 990 IS PROVIDED TO ALL BOARD MEMBERS ON OR BEFORE THE DATE IN WHICH THE RETURN IS FILED WITH THE IRS. CONFLICT OF INTEREST FORM 990, PART VI, LINE 12C BOARD OF TRUSTEES MEMBERS ARE REQUIRED TO COMPLETE AN ANNUAL CONFLICT OF INTEREST STATEMENT AND SUBMIT SUCH STATEMENT TO THE SECRETARY OF THE BOARD WHO IS ALSO THE GENERAL COUNSEL FOR THE UNIVERSTY. THE SECRETARY REVIEWS THOSE STATEMENTS FOR POTENTIAL CONFLICTS AND REPORTS SUCH CONFLICTS TO THE BOARD CHAIR. THE DISCLOSURE STATEMENT ALSO REQUIRES ALL MEMBERS TO NOTIFY THE BOARD PROMPTLY OF AN ACTUAL, APPARENT, OR POTENTIAL CONFLICT OF INTEREST AS IT ARISES, SO THAT IT CAN BE ADDRESSED IMMEDIATLY AND NOT JUST ONCE PER YEAR. OFFICER COMPENSATION PROCESS FORM 990, PART VI, LINE 15 THE COMPENSATION OF ALL OFFICERS OF THE UNIVERSITY IS REVIEWED AND APPOROVED ANNUALLY BY THE COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES, AND IS SUBSEQUENTLY APPROVED BY THE FULL BOARD. THE COMMITTEE ENGAGES THIRD PARTY EXPERTS TO BENCHMARK COMPENSATION FOR THESE POSITIONS ON AN ANNUAL BASIS. THE COMPENSATION OF KEY EMPLOYEES IS SET BY THEIR SUPERVISING OFFICER WITHIN THE CONSTRAINTS OF THE BOARD OF TRUSTEES' APPROVED UNIVERSITY OPERATING BUDGET. DOCUMENT DISCLOSURE FORM 990, PART VI, LINE 19 GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE AS PUBLIC INFORMATION ON THE UNIVERSITY'S WEBSITE. FORM 990 PART XI RECONCILIATION LINE 5 UNREALIZED LOSSES $(62,879,839) SUPPLEMENTAL INFORMATION ON TAX-EXEMPT BONDS Interest earned & included in total proceeds for Bond Issue (B) = $2,441,236. Interest earned & included in total proceeds for Bond Issue (C) = $ 378,342. DISTRICT OF COLUMBIA: EIN 53-6001131, CUSIP #2548394P5, ISSUE DATE- 10/15/08, ISSUE PRICE- $60,900,000, DESCRIPTION OF PURPOSE- THE BONDS WERE ISSUED TO REFUND ON A CURRENT BASIS THE SERIES 1985 BONDS, ORIGINALLY ISSUED ON 10/2/85, AND THE SERIES A BONDS, ORGINALLY ISSUED ON 2/13/86. DISTRICT OF COLUMBIA, EIN 53-6001131, CUSIP #25484JAH3, ISSUE DATE- 8/16/06, ISSUE PRICE- $99,975,000, DESCRIPTION OF PURPOSE- THE PROCEEDS OF BONDS WERE USED TO FINANCE A PORTION OF THE COSTS OF (A) CAPITAL IMPROVEMENTS LOCATED ON THE UNIVERSITY'S MAIN CAMPUS, CONSISTING PRIMARILY OF THE CONSTRUCTION, FURNISHING AND EQUIPPING OF THE SCHOOL OF INTERNATIONAL SERVICE BUILDING AND THE RENOVATION, FURNISHING AND EQUIPPING OF NEBRASKA RESIDENCE HALL, INCLUDING RELATED INFRASTRUCTURE, LANDSCAPING, PARKING, AND OTHER REAL PROPERTY IMPROVEMENTS, (B) TO REFUND ON A CURRENT BASIS THE SERIES 1996 BONDS, ORIGINALLY ISSUED ON 10/16/96, (C) TO PAY THE COST OF CREDIT ENHANCEMENT FOR THE BONDS, AND (D), TO PAY CERTAIN COSTS OF ISSUANCE OF THE BONDS. DISTRICT OF COLUMBIA, EIN 53-6001131, CUSIP #25484JAG5, ISSUE DATE- 4/3/03, ISSUE PRICE- $37,000,000, DESCRIPTION OF PURPOSE- THE PROCEEDS OF THE BONDS WERE USED PRIMARILY TO FINANCE THE PORTION OF THE COSTS OF (A) CAPITAL IMPROVEMENTS TO BE LOCATED ON THE UNIVERSITY'S MAIN CAMPUS AT 4400 MASSACHUESETTES AVE, CONSISTING PRIMARILY OF THE CONTRUCTION, RENOVATION, FURNISHING AND EQUIPPING OF A NEW COMPREHENSIVE ARTS FACILITY NAMED THE KATZEN ARTS CENTER, AND (B), CAPITAL IMPROVEMENTS TO AN EXISTING FACILITY LOCATED AT 4200 WISCONSIN AVE, INCLUDING THE RENOVATION, FURNISHING AND EQUIPPING OF THE FACILITY TO ACCOMMODATE A NEW PERFORMING ARTS THEATRE NAMED THE GREENBERG THEATRE. SCHEDULE K, PART II, COLUMN A, LINE 1 PROCEEDS OF THE CURRENT REFUNDING ISSUE WERE $60,900,000. HOWEVER, THE FORM DEFINITION OF PROCEEDS EXCLUDES THOSE PROCEEDS TO RETIRE BONDS, AND THEREFORE, THIS LINE ITEM IS ZERO FOR 2010. SCHEDULE K, PART II, COLUMN C, LINE 3 PROCEEDS OF THE CURRENT REFUNDING ISSUE PLACED IN A REFUNDING ESCROW WERE $61,447,009.38, HOWEVER; THE FORM INSTRUCTIONS SAY TO ENTER THE AMOUT AS OF THE END OF THE 12-MONTH PERIOD, WHICH WAS ZERO IN 2010. SCHEDULE K, PART II, COLUMN B, LINE 5 ISSUE COSTS- $530,463. CREDIT ENHANCEMENT- $1,452,653.08 SCHEDULE K, PART II, COLUMN C, LINE 5 ISSUANCE COST- $573,460. CREDIT ENHANCEMENTS- $692,665 GRANTS TO INTERESTED PERSONS SCHEDULE L PART III AMERICAN UNIVERSITY PARTICIPATES IN A TUITION EXCHANGE PROGRAM WITH OTHER UNIVERSITIES. THE PROGRAM ALLOWS DEPENDENTS OF AMERICAN UNIVERSITY EMPLOYEES TO ATTEND MEMBER SCHOOLS AT A SIGNIFICANT DISCOUNT IN THE TUITION. DURING 2012, A DEPENDENT OF AN OFFICER ATTENDED A MEMBER SCHOOL UNDER THE PROGRAM. THE VALUE OF THE TUITION WAS $24,704. 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