2012-02-08T12:32:00-07:00 2011-06-30 990 2010-07-01 310536640 ANTIOCH UNIVERSITY ANTI 9377691372 150 E South College Street Yellow Springs OH 45387 Pari Sabety 9377691304 2012-02-08 2010 2016-02-24 21:20:13Z Tullissse Murdock 150 E South College Street Yellow Springs OH 45387 94385684 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. X 13 13 1867 300 80287 -5541 14726212 4235098 70305636 69086017 -28648168 284658 137526 46563 56521206 73652336 1614234 1480978 0 0 45365345 48065336 14520 10600 2613408 20811824 22814208 67805923 72371122 -11284717 1281214 78359822 75026645 47417024 36452931 30942798 38573714 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 57791536 1480978 71715885 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. Many programs are distinctive in their field (a top-ranked M.F.A. in creative writing at our Los Angeles campus; at our Santa Barbara campus, an M.A. in education with an emphasis in social justice; at McGregor, a cutting-edge program in Conflict Analysis); some programs have changed their field entirely (the Green M.B.A. at our New England campus). The University is also home to the landmark Ph.D. in Leadership and Change; Antioch Education Abroad, an exceptional slate of immersive service and study programs; and WYSO, a leading public radio affiliate and an essential source of global news and opinion. As a result, our global network of 30,000 alumni are marked by their 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. 0 0 0 57791536 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 0 1 0 1 1 1 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 1 0 0 0 0 0 0 1 5570 0 1 1867 1 1 1 1 UK 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 J Pari Sabety 9377691304 150 E South College Street Yellow Springs OH 453871635 Josef Blass 5 X 0 0 0 Sharon Bloome 5 X 0 0 0 Howard Coleman 5 X 0 0 0 Maureen Curley 5 X 0 0 0 William Graves 5 X 0 0 0 Sherwood Guernsey II 5 X 0 0 0 Reuben Harris 5 X 0 0 0 Jeffrey Kasch 5 X 0 0 0 Ancella Livers 5 X 0 0 0 Sharon Merriman 5 X 0 0 0 Janet Morgan 5 X 0 0 0 James Morley 5 X 0 0 0 Charlotte Roberts 5 X 0 0 0 Lawrence Stone 5 X 0 0 0 Arthur J Zucker 20 X 0 0 0 Tullisse Murdock 55 X 283598 0 44698 Thomas Faecke 55 X 194946 0 43830 David Caruso 55 X 202269 0 64675 Michael Fishbein 55 X 182468 0 70684 Cassandra Manuelito Kerkvliet 55 X 206754 0 74749 Neal King 55 X 219114 0 34670 Nancy Leffert 55 X 179827 0 35367 Leslie Johnson 55 X 60215 0 14762 Laurien Alexandre 55 X 164965 0 32635 David Houser 40 X 151104 0 20823 Katherine Clarke 40 X 129261 0 25333 Zak Sharif 40 X 128616 0 23450 Tracey Thompson 40 X 117123 0 28478 Timothy Jordan 40 X 116115 0 27991 Mary Lou Lapierre 40 X 140013 0 18256 2476388 0 560401 24 1 1 0 Sungard Higher Ed Bank of America Lockbox Serv Chicago IL 60693 Management Consultant 1562779 Martin Browne Hull Harper 1 S Limestone St Ste 800 Springfield OH 45501 Legal 299254 Evan L Scott 625 W South College Street Yellow Springs OH 45387 Marketing Consultant 255310 Official Payments 3550 Engineering Drive Suite 400 Norcross GA 30092 Credit Card Processor 251151 Medical Benefits Admin Inc 1975 Tamarack Rd Newark OH 430581099 Claims Processor 188371 9 19330 0 47408 0 2756977 1411383 19408 4235098 Education of Students 900099 69086017 69086017 0 0 0 0 0 0 69086017 335426 335426 0 0 0 0 0 0 2000 2000 0 0 0 0 20643323 0 20694091 0 -50768 0 -50768 -50768 0 0 0 47408 39257 -39257 0 -39257 Parking Lot 812930 66770 0 66770 0 Rental of excess space 531120 17050 3533 13517 0 0 0 0 0 83820 73652336 69376208 80287 -39257 0 0 1480978 1480978 0 0 0 0 2214493 227285 1407955 579253 0 0 0 0 35207603 30703784 3564356 939463 3167480 2752530 329400 85550 4566116 3610987 840400 114729 2909644 2499220 328494 81930 1107995 0 1107995 0 304928 0 304928 0 128275 16775 111500 0 0 0 0 0 10600 10600 6760 0 6760 0 3190385 2222623 879709 88053 1460366 1151192 16365 292809 3309501 1984671 1130755 194075 1095478 564512 511989 18977 0 0 0 0 4226492 4183779 31620 11093 1505120 1112581 337510 55029 0 0 0 0 1064321 628599 389703 46019 487594 486600 994 0 0 0 0 0 2022872 1804781 218091 0 59160 47343 11817 0 Bad Debt Expense 250430 92692 157738 0 Memberships & dues 552642 386261 159254 7127 Subscriptions and publications 434962 418060 15127 1775 1606927 1416283 103718 86926 72371122 57791536 11966178 2613408 886519 797214 7277640 3675254 604476 1897464 651055 1215558 0 0 0 0 5427757 5344074 325491 359763 1401610 1833754 43907099 18787291 25815706 25119808 22689420 26818767 1690610 6555991 0 0 11589538 1408998 78359822 75026645 6320208 6778011 0 0 4053234 3019688 20765000 19905000 0 0 0 0 0 0 0 350000 16278582 6400232 47417024 36452931 X 23332270 25999860 3501359 8279892 4109169 4293962 30942798 38573714 78359822 75026645 X 1281214 6349702 X 1 1 1 X 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 3515588 334124 3754020 15090 38668 0 7549974 25319935 70015 1239303 19128 69354 23025183 3515588 29500960 338913 -4004810 230768 200584 83776 25319935 0.04 0.96 0 0 0 0 224220 224220 0 33930844 12677989 21252855 0 540602 287666 252936 0 5106780 4000623 1106157 0 4104653 1821013 2283640 25119808 20072 F 6535919 F 6555991 0 Student Loan Advances 4888701 Liabilities to be disposed of 1197115 Deposits held for others 314416 6400232 73652336 72371122 1281214 4814930 1509603 0 0 25169 6349702 7630916 80277801 4814930 1804554 0 -33276 6586208 73691593 0 -39257 -39257 73652336 72632797 294951 0 0 0 294951 72337846 0 33276 33276 72371122 SchD_P05_S00_L01f Schedule D, Part V, Line 1f For tax year 2010, there are no administrative costs as the endowment is 100% passively invested. The fees for the minor transactions made during the year have been waived. For tax year 2009, Actual admin costs were $27,649. As part of the sale of the assets associated with Antioch College (see Schedule N for details) the endowment historically associated with Antioch College was transferred to Continuation Fund, Inc. The amount of this transfer is shown in line 1f and was $22,997,534. SchD_P05_S00_L04 Schedule D, Part V, Line 4 The endowment of the University can be broken down into the following general categories: 32% student aid; 68% general institutional support. SchD_P10_S00_L01 Schedule D, Part X, Line 1 Liabilities to be disposed of relate to the sale of the assets associated with Antioch College (See Schedule N for further details). These liabilities have an equal amount recorded as an asset of the University as of June 30, 2011. They are still held as of June 30, 2011 for legal or other reasons. Most of these assets have been transferred to Antioch College Continuation Corporation and Continuation Fund, Inc. The few remaining assets will be transferred to Antioch College Continuation Corporation at the earliest possible time. SchD_P11_S00_L08 Schedule D, Part XI, Line 8 Changes in fair value of interest rate swap: ($73,759). Postretirement changes other than net periodic postretirement cost: $59,671. Special event expenses netted with revenue for 990: $39,257. SchD_P12_S00_L02d Schedule D, Part XII, Line 2d $33,276 is bad debt expense. This expenses is netted with other income in the audit report, but it reported as an expense in the form 990. SchD_P12_S00_L04b Schedule D, Part XII, Line 4b $39,257 are the direct expenses related to special events. These expenses are reported as expenses in the audit report, but are reported net with special event revenue in the form 990. SchD_P13_S00_L04b Schedule D, Part XIII, Line 4b $33,276 is bad debt expense. This expenses is netted with other income in the audit report, but it reported as an expense in the form 990. 1 1 0 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SchE_P01_S00_L03 Schedule E, Part I, 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. SchE_P01_S00_L06 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. South Asia 0 6 Program Services Study Abroad 470000 Europe (including Iceland and Greenland) 1 2 Program Services Study Abroad 351000 East Asia and the Pacific 0 1 Program Services Study Abroad 296000 South America 0 1 Program Services Study Abroad 165000 Sub-Saharan Africa 0 1 Program Services Study Abroad 113000 1 11 1395000 0 0 0 0 0 0 SchF_P01_S00_L03 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. WYSO Silent Auction 79015 66235 12780 0 0 1750 5047 0 620 WYSO Ira Glass 58089 5000 53089 0 0 2974 3142 5000 515 2 30299 9503 20796 0 0 0 2708 0 17501 167403 80738 86665 0 0 4724 10897 5000 18636 39257 47408 1 Student Financial Aid 5000 1480978 0 Fair Market Value SchI_P01_S00_L02 Schedule I, Part I, Line 2 The University follows the 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 260150 0 0 0 2849 0 79929 0 12875 0 355803 0 0 0 Thomas Faecke 203607 0 0 0 -8661 0 100559 0 19034 0 314539 0 0 0 David Caruso 195612 0 0 0 6657 0 63352 0 3244 0 268865 0 0 0 Michael Fishbein 186492 0 0 0 -4024 0 59699 0 12067 0 254234 0 0 0 Cassandra Manuelito Kerkvliet 206565 0 0 0 189 0 68064 0 8339 0 283157 0 0 0 Neal King 209167 0 0 0 9947 0 27205 0 9175 0 255494 0 0 0 Nancy Leffert 185652 0 0 0 -5825 0 56399 0 12760 0 248986 0 0 0 Leslie Johnson 62118 0 0 0 -1903 0 25538 0 7289 0 93042 0 0 0 Laurien Alexandre 168114 0 0 0 -3149 0 19500 0 8485 0 192950 0 0 0 David Houser 150000 0 0 0 1104 0 16640 0 2642 0 170386 0 0 0 Katherine Clarke 128000 0 0 0 1261 0 16763 0 9787 0 155811 0 0 0 Zak Sharif 128948 0 0 0 -332 0 15925 0 7704 0 152245 0 0 0 Tracey Thompson 122500 0 0 0 -5377 0 15438 0 13625 0 146186 0 0 0 Timothy Jordan 118752 0 0 0 -2637 0 11837 0 13589 0 141541 0 0 0 Mary Lou Lapierre 91052 0 0 0 48961 0 0 0 7213 0 147226 0 0 0 SchJ_P01_S00_L01a Schedule J, Part I, Line 1a The University provides a housing allowance to certain officers. 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. Charter travel is not provided. SchJ_P01_S00_L01b Schedule J, 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 allowance are outlined in the officer's employment contract. SchJ_P01_S00_L04 Schedule J, Part I, Line 4 Mary Lou LaPierre received a severance amount during fiscal year 2011. Ohio Higher Education Facility Commission 346849674 67756BRB8 2006-03-03 13795 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 4320 Refund of bonds issued in April 1993 and costs of issuance 0 0 0 Washington State Housing Finance Commission 911874730 93978LCK0 2005-05-18 6780 Refund of bonds issued in June 1996 and costs and issuance 0 0 0 2620000 0 14654823 222086 657034 1761255 252984 125678 0 12172030 0 0 2007 1 0 1 1 965000 0 4398335 108231 0 4186055 150315 40248 0 0 0 0 2004 1 0 1 1 1405000 0 6849787 177346 0 6573373 135600 68487 0 0 0 0 2006 0 1 1 1 0 0 0 0 0 0.0005 0 0.0005 1 0 1 1 PNC 7.4 0 0 0 0 0 0 1 1 PNC 7.4 0 0 0 0 1 0 1 1 Morgan Stanley 3.3 0 0 0 0 1 X 70 0 Sale Price X 0 Sale Price X 0 Sale Price X 1 0 Sale Price X 3 19048 Fair Market Value X 7 0 Sale Price X 6 0 Sale Price 0 0 1 1 SchM_P01_S00_L00 Schedule M, Part I In column (b) the number reported is the number of items received. For line 9 Securities--publicly traded, each single donation is considered and item, not each share received. SchM_P01_S00_L32b Schedule M, 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. SchM_P01_S00_L33 Schedule M, Part I, Line 33 No revenue was reported for these items as they were items received for use in a silent auction. Only the proceeds of the auction were recorded as cash donations. Historical Antioch College Endowment, Private Investments 2010-07-15 10983920 Appraisal 270633051 Continuation Fund Inc 1 Morgan Place Yellow Springs OH 45387 501(c)3 Annuity Trusts 2010-07-31 582559 Actual Cost 261672457 Antioch College Corporation 1 Morgan Place Yellow Springs OH 45387 501(c)3 Gift Annuities 2010-08-31 525823 Actual Cost 261672457 Antioch College Corporation 1 Morgan Place Yellow Springs OH 45387 501(c)3 Historical Antioch College Endowment 2011-04-29 132197 Actual Cost 270633051 Continuation Fund Inc 1 Morgan Place Yellow Springs OH 45387 501(c)3 Charitable Remainder Trust 2011-06-30 65709 Actual Cost 261672457 Antioch College Corporation 1 Morgan Place Yellow Springs OH 45387 501(c)3 0 0 0 0 SchN_P01_S00_L01 Schedule N, Part I, Line 1 On June 29, 2009, the University Board of Governors signed an asset purchase agreement with Antioch College Continuation Corporation ("ACCC") to sell the assets historically associated with the College, Glen Helen Ecology Institute and the Antioch Review for an agreed upon price of $5 million plus an additional $1.08 million to retire the remainder of the University bonds related to improvements on the College campus. In addition, the University agreed to transfer the portion of the endowment historically associated with Antioch College to a supporting organization which will be a separate non-profit Ohio Corporation known as the Continuation Fund, Inc. ("CFI"). The CFI's articles of incorporation will specifically provide that the supported organization is ACCC, or in the alternative, and upon certain triggers, Antioch University. The triggers include (a) a failure by ACCC to obtain or maintain accreditation (7 years to obtain initial accreditation), (b) suspension or cessation of College operations, (c) entry of a decree in bankruptcy by ACCC, or (d) dissolution of ACCC. The transaction was finalized on September 4, 2009. Certain assets were not available to be transfered at the at time due to legal restrictions. As those restrictions are lifted, the assets are being transferred per the agreement. See Notes 1 and 17 of the audit report for discussion of discontinued operations. F990_P06_S0A_L03 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 Sungard Higher Education as a part of the service contract the University has entered into with that organization. F990_P06_S0B_L11a Form 990, Part VI, Section B, Line 11a The 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. F990_P06_S0B_L12c 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. F990_P06_S0B_L15 Form 990, Part VI, Section B, Line 15 For fiscal year 2011, the executive committee of the BOG met to consider the compensation of the Chancellor. They reviewed 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. For other officers and key employees, the Chancellor reviewed industry data for comparable institutions. In addition, performance evaluations were completed. Compensation recommendations for these employees is based on this data was provided by the Chancellor to the executive committee, who then voted on the final compensation. F990_P06_S0C_L19 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. F990_P11_S00_L05 Form 990, Part XI, Line 5 Other changes in net assets are a result of reconciling the 990 reporting to the audited financial statements. A detailed reconciliation can be found on Schedule D Part XI, XII and XIII. In summary the changes are a result of unrealized gains ($4.8 million), donated services ($1.5 million), change in acturarial value of post-retirement liabilities ($60 thousand), change in the fair value of interest rate swaps ($74 thousand), special event direct expenses ($39 thousand).