2012-05-10T16:45:02-07:00 2011-06-30 990 2010-07-01 860105586 Thunderbird School of Global Management THUN 6029787142 1 Global Place Glendale AZ 85306 TIM PROPP 2012-05-09 2010 2016-02-24 21:20:13Z Timothy Propp 1 Global Place Glendale AZ 85306 77027700 false false X www.thunderbird.edu X 1946 AZ To educate global leaders who create sustainable prosperity worldwide. 38 37 649 37 203614 -26333 8006754 12238901 62895466 63313203 510813 1141401 0 71413033 76693505 6093912 5871881 0 30704699 32343200 0 1885397 28117116 31449462 64915727 69664543 6497306 7028962 87489108 94425353 46735430 44298849 40753678 50126504 To educate global leaders who create sustainable prosperity worldwide. false false 58632712 5871881 63109589 Provided an education to approximately 1,300 degree seeking students and 3,000 executive education students 58632712 true true false false false false false true false true true false false true true true false true true true true false true false false false false false true true false false false false false false true true true false true true false false false true true true true false false true 1004 0 true 649 true true true true OC false false false false false false false false 0 false true false false false false false false false false false X 38 37 false false false false false false false true true false false false true true true true true true true false true true X Tim Propp 6029787000 1 Global Place Glendale AZ 85306 William Youngdahl 40.00 X 417914 0 29102 William Post 2.00 X 0 0 0 Timothy Propp 40.00 X 314312 0 36526 Teresa McCaslin 2.00 X 0 0 0 Scott Walker 2.00 X 0 0 0 Samir Toubassy 2.00 X 0 0 0 Sam Garvin 2.00 X 0 0 0 Ron Goode 2.00 X 0 0 0 Robert Widing 40.00 X 111840 0 9882 Robert Theleen 2.00 X 0 0 0 Robert Hisrich 40.00 X 425648 0 32510 Rich Lehmann 2.00 X 0 0 0 Paul Walsh 2.00 X 0 0 0 Michael Hecomovich 2.00 X X 0 0 0 Michael Ahearn 2.00 X 0 0 0 Merle Hinrichs 2.00 X 0 0 0 Meredith Peabody 2.00 X 0 0 0 Marshall Parke 2.00 X 0 0 0 Mansour Javidan 40.00 X 404310 0 34655 Lubna Al Qasimi 2.00 X 0 0 0 Louis Weil 2.00 X 0 0 0 Lee McIntire 2.00 X 0 0 0 Kimberly Wiehl 2.00 X 0 0 0 Kay Keck 40.00 X 181285 0 30563 Kathryn Krecke 40.00 X 189115 0 31069 Kannan Ramaswamy 40.00 X 669107 0 30989 John Mathis 40.00 X 278071 0 24120 John Berndt 40.00 X 231126 0 7744 Joan Neice 40.00 X 195007 0 19677 Janet Mueller 40.00 X 147858 0 25290 James McClung 2.00 X 0 0 0 Jack Donnelly 2.00 X 0 0 0 J Kenneth Seward 2.00 X 0 0 0 Humberto Valencia 40.00 X 232172 0 27937 Harry Cockrell 2.00 X 0 0 0 Graeme Rankine 40.00 X 463442 0 29466 Gary Matus 2.00 X 0 0 0 Gary Brukardt 2.00 X 0 0 0 G Kelly O'Dea 2.00 X X 0 0 0 Frank Neville 40.00 X 131504 0 21628 Francis Najafi 2.00 X 0 0 0 Frances Sevilla Sacasa 2.00 X 0 0 0 F Richard Hsu 2.00 X 0 0 0 Douglas Daft 2.00 X 0 0 0 Donna Ecton 2.00 X 0 0 0 Dick DeVos 2.00 X 0 0 0 Diane Wittenberg 2.00 X X 0 0 0 Dennis Hopple 40.00 X 221815 0 26622 David Roberts 2.00 X 0 0 0 David Lincoln 2.00 X 0 0 0 David Bowen 40.00 X 283923 0 23659 Dale Davison 40.00 X 236762 0 25027 Clara Lovett 2.00 X 0 0 0 Christopher Lee 40.00 X 342179 0 24164 Beth Stoops 40.00 X 220684 0 24129 Bernard Rethore 2.00 X X 0 0 0 Ann Iverson 2.00 X 0 0 0 Angel Cabrera 40.00 X X 548223 0 36526 Andrew Inkpen 40.00 X 540502 0 24955 6786799 576240 68 true true false Riester and Robb 802 North 3rd Ave Phoenix AZ 85003 Marketing 841022 Kennedy Design Build LLC 2908 North Omaha St Mesa AZ 85215 Construction 2309464 FLIK International 2400 Yorkmont Rd Charlotte NC 28217 Hospitality Svcs Mgt 923976 Crothall Services Group 955 Chesterbrook Blvd Wayne PA 19087 Facilities Svcs Mgt 2800787 Chartwells Dining Services 2400 Yorkmont Rd Charlotte NC 28217 Food Svcs Mgt 1903381 19 54713 12184188 334195 12238901 Hotel Unrelated 721110 203614 203614 Education Programs 900099 63109589 63109589 63313203 656756 656756 0 0 0 818840 334195 484645 484645 484645 0 0 0 0 76693505 63109589 203614 1141401 0 5538790 5538790 333091 333091 0 4397213 2268413 1914116 214684 0 23054002 21037847 1236917 779238 940458 809554 98460 32444 2328217 1886003 333102 109112 1623310 1392805 160564 69941 148875 16731 132144 178572 178572 223642 223642 0 0 128620 128620 3147007 2857381 276305 13321 3250954 3150432 100522 1783828 1405677 312837 65314 435531 275256 146774 13501 0 4527747 2366940 2062548 98259 1841036 1587023 134234 119779 0 0 858014 542265 289151 26598 0 2962536 1872322 998375 91839 308450 308450 TRAINING AND DEVELOPMENT 227600 204135 16423 7042 PROGRAM AND PROJECT 9793565 9793565 BOOKS, DUES AND SUBSCRIPTIONS 817117 780895 33736 2486 ALL OTHER EXPENSES 816368 513587 161464 141317 0 69664543 58632712 9146434 1885397 16360640 15312023 1431520 1436545 1179785 4326386 4714215 4153846 0 0 5275097 5050231 0 873566 1111799 97323899 61035138 33480633 36288761 17386192 19408334 0 0 0 6787460 7337428 87489108 94425353 5583477 4992954 3824079 4300267 26023185 25570457 100000 11204689 9435171 46735430 44298849 X 14330488 22528163 12416911 13047100 14006279 14551241 40753678 50126504 87489108 94425353 X 7028962 2343864 X false true true X true true X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 149041 129690 X X X FOR FUTURE SALE false 16939745 544962 1938048 178710 318794 127562 18797689 14571499 1957026 634482 55047 93261 74954 16939745 20372596 660144 -5851874 290896 318471 14571499 0.21320 0.78680 true false false 819743 819743 55025716 27634394 27391322 29849926 26156949 3692977 11628514 7243795 4384719 36288761 Miscellaneous other assets 646499 Due from affiliates 5518668 Deferred costs 7641 Bond issue costs 885889 Art collection 278731 7337428 Post retirement benefits 4345000 Advances from fed govt and others 5090171 9435171 Part X Part X : FIN48 Footnote The school evaluates whether it has uncertain tax positions that should be recognized or derecognized based on a 'more likely than not' threshold for tax positions taken or expected to be taken in a tax return, including those tax positions that would not be sustained upon examination in accordance with guidance related to accounting for uncertainty in income taxes. The school recognizes the effect of income tax positions only if those positions are more likely than not to be sustained. As of June 30, 2011, no uncertain tax positions have been recorded. Part XI, Line 8 Part XI, Line 8: Other Changes in Net Assets or Fund Balances Actuarial gain on retirement benefit obligation $1710000 Foreign affiliates net income $1096598 Change in unrealized swap value $ -196689 Foreign affiliates currency translation adjustment $ -266045 Part V, Line 4 Part V, Line 4: Intended uses of the endowment fund. The school intends to use a portion of the investment return from the endowment to support the school's annual operating expenses as directed by donor specifications. The remainder is to be reinvested in the endowment in order to maintain its purchase power value over time. Part III, Line 4 Part III, Line 4: Description of organization's collections and how it furthers its purpose. Donations of art - some of which were held for donors' intent and some of which were held for sale. true true true true true true true false false false false false false false false true false true Schedule E, Line 3 - Racially Nondiscriminatory Policy Publicized Thunderbird publicizes its racially nondiscriminatory policy annually in the school's bulletin. Schedule E, Line 6 - Explanation of Aid or Assistance from Governmental Agency Thunderbird was awarded a development partnerships for university cooperation and development grant by USAID. true South America 0 0 Fundraising 392 Europe 0 0 Fundraising 6708 East Asia / The Pacific 0 0 Fundraising 10717 Sub-Saharan Africa 0 0 Program Services Education 38418 South Asia 0 0 Program Services Education 18450 Russia/Independ States 0 2 Program Services Education 535146 Middle East / N Africa 0 0 Program Services Education 80717 Europe 0 1 Program Services Education 483287 East Asia /The Pacific 0 0 Program Services Education 527958 Central America/Carib 0 0 Program Services Education 38394 South America 0 0 Program Services Education 54261 North America 0 0 Program Services Education 738844 3 3 2533292 2533292 X Scholarships to Students South America 24 68583 Check Scholarships to Students North America 48 128717 Check Scholarships to Students Europe 33 132527 Check Scholarships to Students Central America 1 3264 Check false false true false false false Additional Supplemental Information Part I, Line 2Thunderbird awards scholarships to competitive applicants who demonstrate a high level of academic credentials and evidence that they meet specific criteria associated with a specific award.Part I, Line 3Thunderbird has sole ownership in two foreign entities. Thunderbird Europe SARL has one Thunderbird employee that is employed out of its Geneva, Switzerland Office, and Thunderbird Russia has two Thunderbird employees that are employed out of its Moscow, Russia office. Expenditures reported include compensation of those Thunderbird employees.Thunderbird with Technologico De Monterrey jointly offer a graduate program for Latin American managers. As part of the profit sharing agreement all of the revenues earned and expenses incurred are to be jointly shared. Expenditures reported here are Thunderbird's share of expenses incurred by the foreign partner.Thunderbird offers educational programs where the school offers students, through either its degree programs or corporate education, the opportunity to be taught overseas. Currently, generally all of the related travel and living expenditures incurred for the student is paid for by either the student or the student's employer. Expenditures reported here included the compensation expense of the faculty members while teaching the coursework abroad. true X 0 0 Scholarships to students 357 5538790 Grantmaker's Description of How Grants are Used Part I, Line 2Thunderbird awards scholarships to competitive applicants who demonstrate a high level of academic credentials and evidence that they meet specific criteria associated with a specific award. Thunderbird awards scholarships to students from every continent of the world. X X X true true X X X X X false false false false false false false false false false William Youngdahl 417914 9726 19376 447016 Timothy Propp 258312 56000 17150 19376 350838 Robert Hisrich 425648 17150 15360 458158 Mansour Javidan 398310 6000 15322 19333 438965 Kay Keck 165285 16000 11560 19003 211848 Kathryn Krecke 179115 10000 12538 18531 220184 Kannan Ramaswamy 669107 11613 19376 700096 John Mathis 278071 8760 15360 302191 John Berndt 231126 7282 462 238870 Joan Neice 167007 28000 11690 7987 214684 Janet Mueller 141858 6000 9930 15360 173148 Humberto Valencia 190170 26000 16002 12577 15360 260109 Graeme Rankine 463442 10090 19376 492908 Frank Neville 117607 10000 3897 8225 13403 153132 Dennis Hopple 174312 11000 36503 13327 13295 248437 David Bowen 268923 15000 15672 7987 307582 Dale Davison 226762 10000 12731 12296 261789 Christopher Lee 158400 10000 173779 4788 19376 366343 Beth Stoops 195684 25000 13068 11061 244813 Angel Cabrera 375301 120000 52922 17150 19376 584749 Andrew Inkpen 540502 11796 13159 565457 Sch J, Part I, Line 1a Part I, Line 1a: Relevant information in regards to selections on 1a. Part I, Line 1aPresident Angel Cabrera, as stipulated by his employment agreement, is provided allowances for housing and automobile expenses, and both amounts were reported as taxable compensation on his Form W-2 and on Schedule J, Column B. In addition, President Cabrera is provided a country club membership, which is also reported as taxable compensation on his Form W-2 and on Schedule J, Column B. Vice President of Executive Education Dennis Hopple, as a condition of the position, was required to live in Moscow, Russia and was provided a housing allowance. That amount is reported as taxable compensation on his Form W-2 and on Schedule J, Column B. Vice President Chris Lee, as a condition of the position, is required to live in Moscow, Russia and is provided housing, a transportation allowance, an expatriate market adjustment, and tuition for his children. Those amounts are reported as taxable compensation on his Form W-2 and on Schedule J, Column B. John Kenneth Seward Relinquish LP interest X 994818 372382 false true true 372382 Humberto Valencia VP Distance Learning 32625 Child tuition assistance Frank Neville VP Global Communications 3897 Child tuition assistance John Kenneth Seward Trustee 134468 Promisory note repayment false Gary Matus Trustee 108849 Fees paid to RSR Partners false X 16 334195 Average HI/LOW Price false true false Form 990, Part VI, Line 19 Form 990, Part VI, Line 19: Other Organization Documents Publicly Available The school is not required to make these documents available to the public. However, the school may determine to provide certain information upon request to the executive office. Summary financial statements are included in the school's annual report on giving. Form 990, Part VI, Line 12c Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts On an annual basis, the school distributes a conflict of interest acknowledgment to each officer, trustee and key employee of the school. The acknowledgment describes the school's conflict of interest policy and provides an opportunity for the person to disclose any interests that could give rise to a conflict of interest. Each person is required to return the acknowledgment signed, to affirm that they have received, read and understood, and agreed to comply with the policy. However, at all times, in addition to the signed acknowledgment, the school consistently reviews all financial transactions to identify and resolve potential conflicts. Form 990, Part VI, Line 11 Form 990, Part VI, Line 11: Form 990 Review Process Form 990 was reviewed by the CFO and the Controller's office and a copy of the Form 990 was provided to all Board members in advance of it being filed with the IRS. In addition, all Board members were invited to a meeting to review Form 990 and ask questions of management including the CEO and CFO. Thunderbird Europe Two LLC 1 Global Place Glendale AZ 85306 860105586 Holding Co AZ NA Thunderbird Europe One LLC 1 Global Place Glendale AZ 85306 860105586 Holding Co AZ NA Thunderbird Europe Exec Education LLC 1 Global Place Glendale AZ 85306 860105586 Holding Co AZ NA CBSD 1 Global Place Glendale AZ 85306 Education CBSD-PATS RBSD C Corp 920821 2890052 1.00000 Global Minds Inc 1 Global Place Glendale AZ 85306 860994161 Education DE NA C Corp 1.00000 Thunderbird Europe SARL 1 Global Place Glendale AZ 85306 Education NA C Corp 293438 1479776 1.00000 Association Thunderbird Europe 1 Global Place Glendale AZ 85306 Education Tbird One Tbird Two C Corp -4118 29029 1.00000 Thunderbird Asia Corp 1 Global Place Glendale AZ 85306 860948519 Education AZ Thunderbird CBSD Cor C Corp -115901 31108 1.00000 Thunderbird CBSD Corp 1 Global Place Glendale AZ 85306 860951941 Holding Co AZ NA C Corp 1.00000 Russian Business Skills Development Inc 1 Global Place Glendale AZ 85306 841320783 Holding Co DE NA C Corp 1000 1.00000 CBSD PATS 1 Global Place Glendale AZ 85306 Education RADC & RBSD C Corp 1.00000 Russian Academic Development Corp 1 Global Place Glendale AZ 85306 521975573 Holding Co DE NA C Corp 1000 1.00000 false false false false false false false false false false false false false false true true false false CBSD o 232339 Book value Thunderbird Europe SARL p 1661418 Book value Thunderbird Europe SARL o 1573740 Book value Thunderbird Asia Corp o 839939 Book value