2011-05-09T16:00:10-07:00 2010-06-30 990 2009-07-01 310536640 ANTIOCH UNIVERSITY ANTI 9377691372 150 E South College Street Yellow Springs OH 45387 Thomas Faecke 9377691304 2011-05-10 2009 2016-02-24 21:20:13Z Tullisse Murdock 150 E South College Street Yellow Springs OH 45387 124268388 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 15 15 1943 300 134118 13962 8415545 14726212 61186367 70305636 -2770236 -28648168 146554 137526 66978230 56521206 1484517 1614234 0 0 45132977 45365345 75492 14520 1979573 25268491 20811824 71961477 67805923 -4983247 -11284717 87328204 78359822 45769374 47417024 41558830 30942798 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 53313348 3130917 70268773 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 (Seattle, WA; Santa Barbara, CA; Los Angeles, CA; Keene, NH; Yellow Springs, OH) 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 Midwest, 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 approximately 50,000 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 53313348 1 1 0 0 0 1 0 0 1 1 1 0 1 1 1 0 0 0 1 0 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 1 1 0 1 0 0 0 0 0 1 5207 0 1 1943 1 1 1 1 UK 0 0 0 0 0 0 0 15 15 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 Thomas A Faecke 9377691304 150 E South College Street Yellow Springs OH 453871635 Josef Blass 5 X 0 0 0 Sharon Bloome 3.8 X 0 0 0 Maureen Curley 3 X 0 0 0 Daniel Fallon 6 X 0 0 0 William Graves 6 X 0 0 0 Sherwood Guernsey II 5.5 X 0 0 0 Reuben Harris 5 X 0 0 0 Jeffrey Kasch 6.5 X 0 0 0 Niels Lyster 5 X 0 0 0 Sharon Merriman 4.5 X 0 0 0 Jack Merselis Jr 5 X 0 0 0 Janet Morgan 1.5 X 0 0 0 James Morley 5.5 X 0 0 0 Charlotte Roberts 5 X 0 0 0 Howard Coleman 5.5 X 0 0 0 Bruce Bedford 4.5 X 0 0 0 Lawrence Stone 6 X 0 0 0 Arthur J Zucker 17.5 X 0 0 0 Tullisse Murdock 55 X 262999 0 39896 Thomas Faecke 55 X 191715 0 40184 David Caruso 55 X 190617 0 67076 Cassandra Manuelito Kerkvliet 55 X 193005 0 77282 Michael Fishbein 55 X 93552 0 51203 Neal King 55 X 209811 0 78795 Leslie Johnson 50 X 58489 0 13951 Laurien Alexandre 55 X 160152 0 40253 Mary Lou LaPierre 40 X 140112 0 23081 Zaki Sharif 40 X 139902 0 24260 Nancy Leffert 40 X 121084 0 16234 Deborah Caraway 40 X 112574 0 20815 Jon Wergin 40 X 111798 0 20590 Michael Mulnix 0 X 204245 0 20757 2190055 0 534377 20 1 1 0 Martin Browne Hull Harper 1 S Limestone St Ste 800 Springfield OH 45501 Legal 459508 Edifice Construction 1417 31st Avenue South Seattle WA 98144 Construction contractor 580971 Munters Moisture Control Service 1709 Solutions Ctr Chicago IL 606771007 Water Damage Restoration 528779 Medical Benefits Admin Inc 1975 Tamarack Rd Newark OH 430581099 Claims Processor 206037 Sungard Higher Ed Bank of America Lockbox Serv Chicago IL 60693 Management Consultant 177656 9 22256 0 41725 0 3130917 11531314 16062 14726212 Education of Students 900099 70305636 70305636 0 0 0 0 0 0 70305636 173722 173722 0 0 0 0 0 0 1500 0 1500 0 0 0 33892974 5000000 33981165 33733699 -88191 -28733699 -28821890 -28821890 0 0 35726 41725 32318 3408 3408 Parking lot 812930 73258 0 73258 0 Rental of excess space 531120 59360 0 59360 0 0 0 0 0 132618 56521206 41660876 134118 0 0 0 1614234 1614234 0 0 0 0 2796016 414296 1668298 713422 0 0 0 0 32512632 28430903 3497534 584195 2939626 2522747 348528 68351 4088635 3228517 777839 82279 3028436 2489914 477944 60578 1076809 0 1076809 0 599876 39770 557846 2260 111500 0 111500 0 0 0 0 0 14520 14520 27709 0 27709 0 2678818 1741080 893786 43952 1193921 1065070 16365 112486 3054231 1837358 1137515 79358 754260 232728 511989 9543 0 0 0 0 4131373 4094303 31620 5450 1195019 802136 337510 55373 0 0 0 0 909057 474688 357385 76984 284902 283908 994 0 0 0 0 0 2034961 1816870 218091 0 68372 56555 11817 0 Bad Debt Expense 190617 80234 110383 0 Memberships and Dues 521235 355001 159254 6980 Subscriptions and publications 399192 381242 15127 2823 1579972 1351794 167159 61019 67805923 53313348 12513002 1979573 5141285 886519 10806377 7277640 1114886 604476 1048505 651055 0 0 0 0 5614074 5427757 361128 325491 1219538 1401610 43304376 17488670 34290088 25815706 12825616 22689420 14136912 1690610 0 769795 11589538 87328204 78359822 10432382 6320208 0 0 11405933 4053234 22680000 20765000 0 0 0 0 0 0 0 0 1251059 16278582 45769374 47417024 X 10822957 23332270 7274768 3501359 23461105 4109169 41558830 30942798 87328204 78359822 X 0 1 1 X 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X X 0 0 0 0 9 1 0 8 0 1 25319935 70015 1239303 19128 69354 23025183 3515588 29500960 338913 -4004810 230768 200584 83776 25319935 0 1 0 0 0 0 224220 224220 0 33958375 11512030 22446345 0 504767 272615 232152 0 5589289 4109044 1480245 0 3027725 1594981 1432744 25815706 37639 F 1652971 F 1690610 Deposits 179851 Travel Advance 309663 Assets to be disposed of 11100024 11589538 Student Loan Advances 4986065 Deposits Held 192493 Liabilities to be disposed of 11100024 16278582 56521206 67805923 -11284717 1259335 0 0 0 -590650 668685 -10616032 81476073 1259335 285257 0 0 1544592 79931481 0 -23410275 -23410275 56521206 67411464 285257 0 0 0 285257 67126207 0 679716 679716 67805923 SchD_P02_S00_L03 Schedule D, Part II, Line 3 All easements held by the University were transferred to Antioch College Continuation Corporation as part of the sale of assets on September 4, 2009. See schedule N for further details on the sale. SchD_P02_S00_L09 Schedule D, Part II, Line 9 The easements are not recorded in the University's financials statements as they are of immaterial value and have been transferred out as part of the sale with Antioch College. See schedule N for further details on the sale. SchD_P05_S00_L01f Schedule D, Part V, Line 1f 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 for $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 institution support. SchD_P09_S00_L00 Schedule D, Part IX Assets to be disposed of related to the sale of the assets associated with Antioch College (see Schedule N for further details). These are assets still held by the University as of June 30, 2010 for legal or other reasons. An equal amount is recorded as a liability for these assets as they were part of the purchase agreement. Most of these assets have since been transeferred to Antioch College Continuation Corporation and Continuation Fund, Inc. The few remaining assets will be transfered to Antioch College Continuation Corporation and Continuation Fund, Inc. at the earliest possible time. SchD_P10_S00_L00 Schedule D, Part X At June 30, 2010 there were no unrecognized tax benefits identified or recorded as liabilities. Liabilities to be disposed of related to the sale of the assets associated with Antioch College (see Schedule N for further details). Refer to explanation for Part IX for details on these liabilities. SchD_P11_S00_L08 Schedule D, Part XI, Line 8 Change in fair value of interest rate swap: ($693,959). Postretirement changes other than net periodic postretirement cost: $103,309. SchD_P12_S00_L04b Schedule D, Part XII, Line 4b ($23,377,957) was reported as revenues from discontinued operations in the audited financial statements. Revenues reported in form 990 Part IX are reported in total, ongoing and discontinued operations. See schedule N for further information regarding the dicontinued operation. ($32,318) of fundraising events direct expenses is reported as an expense in the audited financial statements and netted in revenue for the 990. SchD_P13_S00_L04b Schedule D, Part XIII, Line 4b $712,034 was reported as expenses from discontinued operations in the audited financial statements. Expenses reported in form 990 Part IX are reported in total, ongoing and discontinued operations. See schedule N for further information regarding the dicontinued operation. $32,318 of fundraising events direct expenses is reported as an expense in the audited financial statements and netted in revenue for the 990. 1 1 0 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. Explanation concluded in Schedule O. 1 1 1 1 0 0 0 0 0 0 0 0 1 0 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. 1 Europe (including Iceland and Greenland) 1 2 Program Services Study abroad. 331159 South Asia 0 6 Program Services Study abroad. 288841 South America 0 1 Program Services Study abroad. 156212 East Asia and the Pacific 0 1 Program Services Study abroad. 78776 1 10 854988 AUS Board of Trustees Announcement Party 6908 1216 5692 0 4850 0 7596 1250 11205 WYSO Silent Auction 70543 40509 30034 0 0 525 5027 0 1865 0 77451 41725 35726 0 4850 525 12623 1250 13070 32318 3408 1 Student Financial Aid 5000 1614234 0 Department of Education guidelines 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 237750 0 0 0 25249 0 36382 0 10803 0 310184 0 0 0 Thomas Faecke 197657 0 0 0 -5942 0 25695 0 15997 0 233407 0 0 0 David Caruso 187254 0 0 0 3363 0 65753 0 3092 0 259462 0 0 0 Cassandra Manuelito Kerkvliet 192456 0 0 0 549 0 71395 0 7356 0 271756 0 0 0 Neal King 200022 0 0 0 9789 0 71977 0 8354 0 290142 0 0 0 Michael Mulnix 0 0 0 0 204245 0 14369 0 7091 0 225705 0 0 0 Laurien Alexandre 160707 0 1600 0 -2155 0 33793 0 7687 0 201632 0 0 0 Mary Lou LaPierre 135239 0 0 0 4873 0 17581 0 6178 0 163871 0 0 0 Zaki Sharif 139900 0 0 0 2 0 18187 0 7110 0 165199 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 made when required for health reasons. 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 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 Michael Mulnix received a severance amount during fiscal year 2010. Ohio Higher Education Facility Commission 346849674 67756BRB8 2006-03-03 13795 Refund of bonds issued in June 1997 and June 2000 and construction of building to house AU Midwest 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 Washington State Housing Finance Commission 911874730 93978LCK0 2005-05-18 6780 Refund of bonds issued in June 1996 and costs of issuance 0 0 14654823 213662 1761255 0 378662 0 12172030 2007 1 0 1 1 4398335 99357 4186055 0 190563 0 0 2004 1 0 1 1 6849787 449063 6573373 0 135600 0 0 2006 0 1 1 1 0 0 0 0 0 0.0002 0 0.0002 1 0 1 1 PNC Bank 8.4 0 0 0 0 1 1 PNC 8.4 0 0 1 0 1 1 Morgan Stanley 4.3 0 0 1 X 1 450 comparable X 600 comparable X 3 13812 FMV on receipt X Piano 1 1200 appraisal 0 0 1 1 SchM_P01_S00_L32b Schedule M, Part I, Line 32b The University does contract with a third party process and sell vehicle donations. The third party is responsible for all tax filings. The University receives cash payment for the proceeds of the sale of the vehicle, less any processing fees. Historical Antioch College Endowment 2009-11-06 14796756 Actual cost. 270633051 Continuation Fund Inc 1 Morgan Place Yellow Springs OH 45387 501(c)3 Real Estate 2009-09-04 8650000 Appraisal. 261672457 Antioch College Continuation Corporation 1 Morgan Place Yellow Springs OH 45387 501(c)3 Equipment, Furniture, Vehicles 2009-09-04 8507175 Book value. 261672457 Antioch College Continuation Corporation 1 Morgan Place Yellow Springs OH 45387 501(c)3 Library Books 2009-09-04 798595 Book value. 261672457 Antioch College Continuation Corporation 1 Morgan Place Yellow Springs OH 45387 501(c)3 Contribution Receivables 2009-09-04 497932 Book value. 261672457 Antioch College Continuation Corporation 1 Morgan Place Yellow Springs OH 45387 501(c)3 Cash 2010-06-17 463209 Actual 261672457 Antioch College Continuation Corporation 1 Morgan Place Yellow Springs OH 45387 501(c)3 Prepaid expenses. 2009-09-04 20032 Book value. 261672457 Antioch College Continuation Corporation 1 Morgan Place Yellow Springs OH 45387 501(c)3 Legal Fees for sale of Antioch College 2009-09-04 112802 Actual cost. 310579129 Martin Browne Hull & Harper 15 Limestone Street Suite 800 Springfield OH 45501 PLL 0 0 0 0 SchN_P02_S00_L01 Schedule N, Part II, 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. See Note 17 of the audit report for discussion of discontinued operations. F990_P01_S00_L10 Form 990, Part I, Line 10 Included in Part VIII, column (A), line 7d is the loss resulting from the sale of the assets associated with Antioch College. See Schedule N for further details. F990_P04_S00_L24c Form 990, Part IV, Line 24c As part of the sale of assets associated with Antioch College (see Schedule N for further details), the portion of the outstanding Ohio Higher Educational Facility Commission Antioch University 2006 Project which related to refunding of bonds issued for past Antioch College projects was refunded ($1.08 million). Upon the closing of the transaction with Antioch College Continuation Corporation, the funds were placed into an escrow account and the payment to reduce the bond principal occurred within 1 month. F990_P06_S0A_L03 Form 990, Part VI, Section A, Line 3 During fiscal year 2010, the University hired Sungard Higher Ed Managed Service, Inc to perform the management function of Information Technology. The University position of Vice Chancellor and CIO, as well as the three department directors, are Sungard employees. F990_P06_S0B_L11 Form 990, Part VI, Section B, Line 11 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 conflict of interest policy is reviewed annually by each officer and member of the BOG (as well as the local campus Boards of Trustees). Each individual signs a form annually confirming they have reviewed and understand the policy and disclosing any conflicts they may have. The BOG 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 2010, 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, conflict of interest policy and financial statements 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. F990_P08_S00_L07d Form 990, Part VIII, Line 7d The amounts reported in Line 7a-7c column ii are wholly related to the sale of the assets associated with Antioch College (see Schedule N for further details). F990_P11_S00_L02c Form 990, Part XI, Line 2c The ad hoc Audit Committee that was convened in fiscal year 2009 was added to the bylaws as a standing committee in 2010. They continue to maitain oversight responsibility of the audit and independent accountant selection. SchE_P00_S00_L03 Schedule E, Line 3 (Continued from Schedule E, Line 3) 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.