2013-05-15T13:04:18-05:00 2012-06-30 420714325 MCGLADREY LLP 1 S WACKER DRIVE STE 800 CHICAGO IL 60606 990 2011-07-01 310536640 Antioch University ANTI 9377691372 888 Dayton Street No 102 Yellow Springs OH 45387 Timothy G Jordan 9377691372 2013-05-15 1 Zack Fortsch P00052725 3126343400 2011 2016-02-24 21:20:13Z Felice Nudelman 888 Dayton Street No 102 Yellow Springs OH 45387 110182410 0 X www.Antioch.edu X 1852 OH Antioch University is founded on principles of rigorous liberal arts education, innovative experiential learning and socially engaged citizenship. The multiple campuses of the University nurture in their students the knowledge, skills and habits of reflection to excel as lifelong learners, democratic leaders and global citizens who live lives of meaning and purpose. 13 13 1768 345 79047 -9082 4235098 5587893 69086017 67073434 284658 7142144 46563 1236343 73652336 81039814 1480978 2376565 0 0 48065336 48471867 10600 47398 2056908 22814208 24704849 72371122 75600679 1281214 5439135 75026645 75347367 36452931 37801821 38573714 37545546 X Antioch University is founded on principles of rigorous liberal arts education, innovative experiential learning and socially engaged citizenship. The multiple campuses of the University nurture in their students the knowledge, skills and habits of reflection to excel as lifelong learners, democratic leaders and global citizens who live lives of meaning and purpose. 0 0 56729940 2376565 67073434 Antioch University is a bold and enduring source of innovation in higher education serving over 4,000 adult students around the world and across the country, online and from its five campuses in four states in addition to its University-wide international and doctoral programs. Each campus offers degree programs that meet - and often anticipate - the pressing needs of its region and the wider world. Our Los Angeles campus is home to an MFA in Creative Writing program that was ranked among the best in the nation by The Atlantic; AU Midwest offers a cutting-edge Individualized Master of Arts program; the Environmental Studies Master of Science program at AU New England has been approved as a Professional Science Master's by the Council of Graduate Schools; in response to the educational trends and needs of their community, the AU Santa Barbara Clinical Psychology program introduced concentrations in Healthy Aging and Latino/Latina Mental Health; and a nationally recognized Women's Educational Program at our Seattle campus provides services to homeless women. The University is also home to the landmark PhD in Leadership and Change, and Antioch Education Abroad boasts an exceptional slate of immersive service and international study programs. As a result, our global network of 30,000 alumni is distinguished through a commitment to enlightened leadership, global awareness, and lasting engagement with the concerns of their professions and their communities. Together - students and alumni, faculty and staff - form a visionary community that strikes a rare and essential balance between idealism and experience. 56729940 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 1 1 1 0 0 1 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 1 5313 0 1 1768 1 1 1 0 0 0 0 1 1 0 0 0 0 X 13 13 0 1 0 0 0 0 0 1 1 0 1 1 1 1 1 1 1 1 1 1 0 CA NH OH WA X X Timothy G Jordan 9377691304 888 Dayton Street No 102 Yellow Springs OH 45387 Bruce Bedford 5.00 X 0 0 0 Josef Blass 5.00 X 0 0 0 Howard Coleman 5.00 X 0 0 0 Maureen Curley 5.00 X 0 0 0 Enrique Figueroa 5.00 X 0 0 0 Miguel Figueroa 5.00 X 0 0 0 William Graves 5.00 X 0 0 0 Reuben Harris 5.00 X 0 0 0 Ancella Livers 5.00 X 0 0 0 Sharon Merriman 5.00 X 0 0 0 Janet Morgan 5.00 X 0 0 0 James Morley 5.00 X 0 0 0 Charlotte Roberts 5.00 X 0 0 0 Lawrence Stone 15.00 X 0 0 0 Arthur Zucker 5.00 X 0 0 0 Tullisse Murdock 55.00 X 304407 0 49295 Pari Sabety 55.00 X 118972 0 16494 Tex Boggs 55.00 X 151516 0 550 David Caruso 55.00 X 210795 0 30084 Michael Fishbein 55.00 X 191008 0 37416 Cassandra Manuelito Kerkvliet 55.00 X 221071 0 37705 Nancy Leffert 55.00 X 186605 0 37951 Leslie Johnson 55.00 X 61755 0 15565 Laurien Alexandre 55.00 X 168591 0 35344 William Groves 55.00 X 212808 0 35994 Grady Jones 55.00 X 158747 0 25062 David Houser 40.00 X 155639 0 23043 Tracey Thompson 40.00 X 118977 0 29953 Timothy Jordan 40.00 X 123148 0 29667 Rebecca Todd 40.00 X 156005 0 23503 William Richardson 40.00 X 119780 0 27490 Thomas Faecke 55.00 X 151094 0 34636 Zaki Sharif 40.00 X 121701 0 22955 2932619 0 512707 28 1 1 0 Young Construction 9 Ashley Ave Santa Barbara CA 93103 Construction 2277315 Sungard Higher Ed Bank of America Lock Box Serv Chicago IL 60693 Management Consultant 1170169 Edifice Construction 16120 Woodinville Redmond Road NE Woodinville WA 98072 Construction 1024927 Miller Valentine Construction LLC 4000 Miller Valentine CT Dayton OH 45401 Construction 622440 Cement Marketing 15 E Gay Street Suite 2A Columbus OH 43215 Marketing Consultant 263100 18 14934 40167 2933066 2599726 680977 5587893 Tuition 900099 65312553 65312553 Sales and Service of A 900099 1103537 1103537 Other Income 900099 384803 384803 Contracts and Other Ex 900099 272541 272541 67073434 814260 814260 722967 0 722967 722967 79047 643920 35439863 15000 29100789 26190 6339074 -11190 6327884 6327884 28242 40167 15617 12625 12625 500751 500751 500751 81039814 67073434 79047 8299440 2376565 2376565 1527616 822333 705283 35897704 28474438 6773983 649283 3463191 2483965 820744 158482 4628747 3061752 1421088 145907 2954609 2385813 459145 109651 298645 5982 292663 123350 123350 47398 47398 4132348 2032567 2086633 13148 1646104 1626072 10732 9300 3214286 1806874 1308391 99021 1112926 450585 648335 14006 5486947 5405812 78721 2414 1435199 1024329 357647 53223 930935 464660 429946 36329 496379 478205 18174 2150593 1966537 184056 41805 29920 11885 Memberships & Dues 523784 364016 149023 10745 Subscriptions and Publi 408202 389586 15898 2718 Bad Debt Expense 240173 47197 192976 2463173 1855065 608108 75600679 56729940 16813831 2056908 4472468 6814157 1897464 2781695 1215558 968515 5344074 5198891 359763 1833754 2227633 49715320 20842596 25119808 28872724 26818767 28161880 6555991 1408998 321872 75026645 75347367 6778011 8994725 3019688 4016985 19905000 19010000 350000 313478 6400232 5466633 36452931 37801821 X 25999860 24966436 8279892 8250200 4293962 4328910 38573714 37545546 75026645 75347367 X 5439135 -6467303 X 0 1 1 X 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 7549974 33860 318815 25132 95498 7782019 3515588 334124 3754020 15090 38668 7549974 25319935 70015 1239303 19128 69354 23025183 3515588 29500960 338913 -4004810 230768 200584 83776 25319935 0.04000 0.96000 0.00000 0 0 224220 224220 40391318 14458317 25933001 6089944 4351307 1738637 3009838 2032972 976866 28872724 Student Loan Advances 4844072 Liabilities To Be Disposed Of 321872 Deposits Held for Others 300689 5466633 81039814 75600679 5439135 -6467303 -6467303 -1028168 73707831 -6467303 233449 -24372 -6258226 79966057 1073757 1073757 81039814 73816024 233449 233449 73582575 2018104 2018104 75600679 Description of Intended Use of Endowment Funds: Part V, Line 4: The endowment of the University can be broken down into the following general categories: 29% student aid; 71% general institutional support. Description of Uncertain Tax Positions Under FIN 48: Part X: The University is a qualifying organization under Section 501(c)(3) of the Internal Revenue Code (IRC) and is, therefore, exempt from income taxes under the IRC Section 501(a) on its normal operations. However, the University is taxed on other unrelated income, if any. The University is subject to federal income tax on rental income. The University follows FASB guidance on accounting for uncertainty in income taxes, which addresses the determination of whether tax benefits claimed or expected to be claimed on a tax return should be recorded in the financial statements. Under this guidance, the University may recognize the tax benefit from an uncertain tax position only if it is more likely than not that the tax position will be sustained on examination by taxing authorities, based on the technical merits of the position. Examples of tax positions include the tax-exempt status of the University, the continued tax-exempt status of bonds issued by the University, and various positions related to the potential sources of unrelated business taxable income (UBIT). The tax benefits recognized in the financial statements from such a position are measured based on the largest benefit that has a greater than 50 percent likelihood of being realized upon ultimate settlement. The guidance on accounting for uncertainty in income taxes also addresses de-recognition, classification, interest and penalties on income taxes, and accounting in interim periods. At June 30, 2012, there were no unrecognized tax benefits indentified or recorded as liabilites. Part XII, Line 2d - Other Adjustments: Bad Debt Expense - this expense is netted with other income on the audit -24,372. report, but it is reported as an expense on the Form 990. Part XII, Line 4b - Other Adjustments: Financial Aid 1,073,757. Part XIII, Line 4b - Other Adjustments: Post retirement changes 17,423. Bad debt expense 24,372. Change in fair value of interest rate swap 902,552. Financial Aid 1,073,757. 1 1 0 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 Explanation of Government Financial Assistance Schedule E, Part I, Line 6 The University participates in the Federal Financial Aid program administered by the Department of Education as well as grant programs from the various states the University operates in. Schedule E, Part 1 Line 3 Antioch University, formerly known as Antioch College, has a proud history of being one of the first institutions in the mid 1850's to admit African Americans into the same academic programs as whites. It is also notably the alma mater of Coretta Scott King and others who worked for the civil rights movements of the 1960's. Shortly after its incorporation in 1852, it amended its articles of incorporation to provide that, "nor shall religious or theological opinions of any kind or considerations of race, creed, or national origin ever be used as a basis for excluding a person from its benefits." The University has since expanded its policy of nondiscrimination requiring that "Antioch provides equal opportunity for all qualified applicants and does not discriminate on the basis of race, color, gender, ancestry, religion, national origin, sexual orientation, gender identity, family status or disability in matters affecting employment or in providing access to programs." It now includes its nondiscrimination policy statement in all brochures and other recruitment materials as well as in the course catalog. Finally, the policy is clearly posted on the website of each University campus and program. Further, as per section 4.03 paragraph c, the University currently enrolls students of racial minorities in meaningful numbers. Per section 4.03 paragraph b of Rev. Proc. 75-50, 1975-2 CB 587, the University is not required to further annually publish its nondiscriminatory policy in the local community because it draws a substantial percentage of its students from a nationwide or large geographical area, as well as internationally. South America 0 1 Program Services Study Abroad Program 158280 South Asia 0 6 Program Services Study Abroad Program 444690 Europe (Including Iceland & Greenland) 1 2 Program Services Study Abroad Program 354630 East Asia and the Pacific 0 1 Program Services Study Abroad Program 207752 Sub-Saharan Africa 0 1 Program Services Study Abroad Program 124780 1 11 0 0 1 11 1290132 0 1290132 0 0 0 0 0 0 Method Used to Acccount for Expenditures: Schedule F, Part I, Line 3: The University reports expenditures in foreign countries per accounting principals generally accepted in the United States. Currency conversion occurs at the time the expense is incurred, or reimbursed by the University. X X X X X X X 1 Michelle Whiting & Associates 1401 E3rd St17 Long Beach CA 90802 Assisted with building relationships with local foundations 0 50000 22500 27500 Pruehs & Associates LLC 1754 N Washington St Chicago IL 60563 Conducted a capital campaign feasibility study 0 0 24898 -24898 50000 47398 2602 AL AK AZ AR CA CO CT DE FL GA HI ID IL IN IA KS KY LA ME MD MA MI MN MS MO MT NE NV NH NJ NM NY NC ND OH OK OR PA RI SC SD TN TX UT VT VA WA WV WI WY Silent Auction 53759 30827 22932 1050 6162 Dinner 14650 9340 5310 400 8005 68409 40167 28242 1450 14167 15617 12625 1 Student Financial Aid 540 2376565 Procedure for Monitoring Grants in the U.S.: Part I, Line 2: Schedule I, Part I, Line 2: The University follows guidelines set by the Department of Education, and State Governments, to ensure that grants to students are awarded to eligible recipients. All documentation regarding the awarding of these grants is maintained in the student file. X X 0 1 X X X 1 0 0 0 0 0 0 0 0 Tullisse Murdock 283176 0 0 0 21231 0 31850 0 17445 0 353702 0 0 0 Tex Boggs 142081 0 0 0 9435 0 0 0 550 0 152066 0 0 0 David Caruso 203937 0 0 0 6858 0 26538 0 3546 0 240879 0 0 0 Michael Fishbein 189285 0 0 0 1723 0 25339 0 12077 0 228424 0 0 0 Cassandra Manuelito Kerkvliet 219080 0 0 0 1991 0 28724 0 8981 0 258776 0 0 0 Nancy Leffert 183983 0 0 0 2622 0 25118 0 12833 0 224556 0 0 0 Laurien Alexandre 167059 0 0 0 1532 0 22941 0 12403 0 203935 0 0 0 William Groves 210899 0 0 0 1909 0 27573 0 8421 0 248802 0 0 0 Grady Jones 157302 0 0 0 1445 0 12727 0 12335 0 183809 0 0 0 David Houser 154500 0 0 0 1139 0 20085 0 2958 0 178682 0 0 0 Timothy Jordan 120189 0 0 0 2959 0 16107 0 13560 0 152815 0 0 0 Rebecca Todd 155285 0 0 0 720 0 20215 0 3288 0 179508 0 0 0 Thomas Faecke 148936 0 0 0 2158 0 20241 0 14395 0 185730 0 0 0 Zaki Sharif 0 0 0 0 121701 0 15789 0 7166 0 144656 0 0 0 Part I, Line 1a The University provides a taxable housing allowance to Tulisse Murdock. The terms of the allowance and how it is to be used are outlined in the officer's employment contract. The allowance has been reviewed and approved by the executive committee. First class airline tickets are allowed only in accordance with the University travel policy and were provided as a nontaxable benefit to the officers. Charter travel is not provided. Part I, Line 1b The University does not maintain a written policy regarding the housing allowance. However, the awarding of the allowance is reviewed and approved by the executive committee of the Board of Governors each year. Further, the terms and uses of the allowances are outlined in the officer's employment contract. Part I, Line 4a Zaki Sharif received a severance payment in the amount of $120,298 during calendar year 2011. Ohio Higher Education Facility Commission 346849674 67756BRB8 2006-03-03 13795000 Refund of June 1997 and 2000 Bonds and new construction 2006 0 0 0 New Hampshire Health and Education Facilities Authority 020279866 644614KR9 2004-12-17 4320000 Refund of bonds issued in April 1993 and costs of issuance 0 0 0 Washington State Housing Finance Commission 911874730 93978LCK0 2005-05-18 6780000 Refund of bonds issued in June 1996 and costs and issuance 0 0 0 3060000 13795000 1761255 251537 125678 11656530 2007 1 0 1 1 1150000 4320000 4186055 86400 40248 7297 2004 1 0 1 1 1675000 6780000 135600 68487 6575913 2006 0 1 1 1 0 0 0 0 0.00050 0.00050 1 0 0 0 0 1 0 0 0 0 1 0 1 1 PNC 6.400000000000 0 0 0 0 0 0 1 1 PNC 6.400000000000 0 0 0 0 1 0 1 1 Morgan Stanley 2.300000000000 0 0 0 0 1 X X 3 680977 FMV 0 0 1 1 Method for Determining Number of Contributors: Part I, Column (b): is the number of contributions. Third Party Use: Part I, Line 32b: A third party service processes the donation of cars, boats and vehicles. Only the net proceeds are forwarded to the University. All reporting paperwork is completed by the third party. Form 990, Part VI, Section A, line 1 In Article IV of the Board of Governors by-laws, section 4.4 states: Authorization for the Executive Committee to Act on Behalf of the Board of Governors. When certain matters ordinarily appropriate for subsequent action by the Board of Governors may be deemed to be appropriate by the Board to be delegated to its Executive Committee on behalf of the Board of Governors, the Board may formally provide such advance authorization by formal action, the terms of which shall be recorded in the minutes of the meeting of the Board of Governors. The Executive Committee shall consist of the following ex-officio members: the Chair of the Board of Governors who shall also serve as its chair, Vice Chair of the Board of Governors, Board Treasurer, the chairs of all standing committees other than those chaired by the Board Vice Chair or Board Treasurer, and Chancellor (without vote). They each shall serve on the Committee as long as they hold their respective leadership positions. Additionally, at least one at-large member shall be nominated annually by the Governance Committee for a renewable one-year term for election by the Board of Governors. Such person shall not serve for more than two consecutive years as the at-large member of the Executive Committee. Form 990, Part VI, Section A, line 3 The position of Chief Information Officer and the three Information Technology Directors are filled by employees of Ellucian as a part of the service contract the University has entered into with that organization. Form 990, Part VI, Section B, line 11 The Form 990 was reviewed by management and a copy was provided to the full Board of Governors ("BOG"). Questions from the BOG were reviewed and discussed by the Audit Committee with management prior to filing of the Form 990. Form 990, Part VI, Section B, line 12c The University Conflict of Interest policy is reviewed annually by each officer and member of the Board of Governors (as well as local campus Board of Trustees). Each individual signs a form annually confirming they have reviewed and understand the policy and disclosing any conflicts they may have. The Board of Governor's annually reviews these forms and approves a resolution stating that all officers and board members have submitted their form. If any conflicts are noted, the board will review the relationship and transaction and determine if further action is necessary. Each time a significant new contract is entered into outside of the annual disclosure period, the Board of Governors is questioned as to whether any conflict of interests exists. Management also does an assessment of any possible conflicts, as well, at this time. When a conflict may arise, depending on the circumstance, the member may either need to recuse him/herself during discussions of the conflicted activity, or they may be asked to resign. Form 990, Part VI, Section B, line 15 The Compensation Committee made up of independent members of the Executive Committee. They review industry data from several reputable sources. These sources included survey data of dozens of industry peers. In addition, the committee would take into consideration the financial health of the institution and the increases provided to other key employees within the University. The committee held discussions and ultimately voted upon the compensation provided to the Chancellor for the following year. The process is documented in the board minutes. For other officers and key employees, the Chancellor reviews industry data for comparable institutions. In addition, performance evaluations were completed. A compensation recommendation for these employees is based on this data, which is provided by the Chancellor to the executive committee who then votes on the final compensation. Form 990, Part VI, Section C, line 19 The University's governing documents are not made available to the public. If an individual or organization wishes to request a copy of these documents, the request will be evaluated by the Chancellor or her designee as to the appropriateness of making the documents available. The conflict of interest policy and financial statements are available on the University's website. Changes in Net Assets or Fund Balances: Form 990, Part XI, line 5: Net unrealized losses on investments: -6,467,303. The unrealized loss of $6 million is related to the sale of privately held Form 990, Part XI, line 5, Changes in Net Assets, Unrealized Loss: and is offset by an equal realized gain. The gain was reported as revenue in fiscal year 2011, when the sale was announced.