2011-05-13T15:34:55-05:00 2010-06-30 Moss Adams LLP 3121 West March Lane Suite 100 Stockton CA 952192303 990 2009-07-01 952786163 WOODBURY UNIVERSITY WOOD 8187670888 7500 GLENOAKS BLVD BURBANK CA 915107846 KENNETH JONES 8187670888 2011-05-13 1 TRACY S PAGLIA 2099556100 2009 2016-02-24 21:20:13Z Dr Kenneth NIELSEN 7500 GLENOAKS BLVD BURBANK CA 915107846 48143654 0 X WWW.WOODBURY.EDU X 1884 CA UNIVERSITY PROGRAMS FOR STUDENTS THAT LEADS TO AN UNDERGRADUATE OR GRADUATE DEGREE. 29 28 875 10 0 0 2465917 1544217 36240422 37606990 -602330 525139 2610570 2964499 40714579 42640845 7763273 8455990 0 19585790 19831196 51800 51540 1198127 12779888 15207973 40180751 43546699 533828 -905854 72206158 71444125 38155754 39957080 34050404 31487045 Woodbury University is committed to providing the highest level of professional and liberal arts education. The integrated nature of our educational environment cultivates successful students with a strong and enduring sense of personal and social responsibility. We prepare innovative learners who are adept to communicating and willing to cross the boundaries of knowledge in a rapidly changing and complex world. 0 0 33832034 8455990 37606990 UNIVERSITY PROGRAMS FOR STUDENTS THAT LEADS TO AN UNDERGRADUATE OR GRADUATE DEGREE 33832034 1 1 0 0 0 0 0 0 1 1 1 0 1 0 0 0 0 1 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 1 0 1 1 0 0 0 0 0 0 0 1 108 0 1 875 1 0 0 0 0 0 1 1 0 0 0 29 28 1 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 0 1 1 0 CA X KENNETH J JONES 8182525106 7500 GLENOAKS BLVD BURBANK CA 915107846 KENNETH NIELSEN 40.00 X X 270180 0 95757 BRIAN BOWMAN 1.00 X 0 0 0 STEPHEN CHANDLER 1.00 X 0 0 0 HARVEY COVA 1.00 X 0 0 0 JOSEPH DE BRIYN 1.00 X 0 0 0 RUSELL HANLIN 1.00 X 0 0 0 JAMES INMAN 1.00 X 0 0 0 CHARLES JACKSON 1.00 X 0 0 0 RICHARD KING 1.00 X 0 0 0 ROZELLA KNOX 1.00 X 0 0 0 ROBERT KUMMER 1.00 X X 0 0 0 GREGORY LIPPE 1.00 X 0 0 0 WILLIAM LUCAS 1.00 X 0 0 0 LOUIS NAIDORF 1.00 X 0 0 0 LAWRENCE SHOAF 1.00 X X 0 0 0 RONALD SODERLING 1.00 X 0 0 0 EDWARD SPIEGEL 1.00 X 0 0 0 JUDITH TAMKIN 1.00 X 0 0 0 CARL TERZIAN 1.00 X 0 0 0 WILLIAM THOMAS 1.00 X 0 0 0 EDDIE WANG 1.00 X 0 0 0 DAVID ST AMANT 1.00 X 0 0 0 TERRY CLOUGHERTY 1.00 X 0 0 0 DAVID CRONENBOLD 1.00 X 0 0 0 PEGI MATSUDA 1.00 X 0 0 0 DAVID MISCH 1.00 X 0 0 0 Walter W Mosher Jr 1.00 X 0 0 0 Ani Okkasian 1.00 X 0 0 0 Marla Vasquez 1.00 X 0 0 0 KENNETH JONES 40.00 X 155189 0 36571 DAVID ROSEN 40.00 X 213173 0 45456 RICHARD NORDIN 40.00 X 189304 0 41989 DONALD ST CLAIR 40.00 X 210592 0 45305 STEVE DYER 40.00 X 161909 0 37576 PHYLLIS CREMER 40.00 X 135704 0 34262 ANDRE VAN NIEKERK 40.00 X 209060 0 45004 JOHN KARAYAN 40.00 X 153104 0 36995 Douglas Cremer 40.00 X 126511 0 33241 Paul Decker 40.00 X 116158 0 32133 Sue Vessella 40.00 X 115735 0 30835 1920915 0 480862 30 0 1 0 S3 BUILDERS 26752 OAK AVENUE UNIT E SANTA CLARITA CA 91351 Construction Contractor 788932 In Focus Advertising 29219 CANWOOD ST STE 101 AGOURA HILLS CA 91301 advertising 470134 HOBSONS INC PO BOX 641055 CINCINNATI OH 452641055 Advertising/ Consulting 197812 Watson Wyatt & CoTowers Watson 1055 Solutions Center Chicago IL 606771000 Actuary 179574 Moss Adams LLP 11766 Wilshire Blvd Suite 900 Los Angeles CA 90025 Auditing 124131 6 95248 646285 802684 258664 1544217 TUITION AND FEES 900099 37572919 37572919 perkins loan interest 900099 34071 34071 37606990 344143 344143 5624493 5443497 180996 180996 180996 91050 95248 59312 31738 31738 AUXILIARY ENTERPRISES 611710 2042171 2042171 OTHER REVENUE 611710 890590 890590 2932761 42640845 37606990 0 3489638 8455990 8455990 559194 559194 153399 153399 14986366 11699979 2533136 753251 1763023 1415432 268996 78595 910444 717273 135195 57976 1458770 1116119 279030 63621 104464 95516 8948 124174 124174 51540 51540 69486 69486 1694216 1694216 913144 913144 524986 435159 73879 15948 282896 282896 1297285 1146796 150489 160535 148364 12171 139466 133607 5859 1348231 1348231 2480724 2480724 271622 271622 RESTRICTED EXPENSE 2343627 2343627 RESIDENTIAL FOOD SERV. 788133 788133 Bad DEBT 570679 570679 SECURITY 401029 401029 Tuition Remission 184457 184457 1508819 1263819 94782 150218 43546699 33832034 8516538 1198127 4565683 3580002 2092370 1694025 1759451 1758171 961771 979777 65055639 18339242 47877724 46716397 11578586 13203712 1824234 1885468 1546339 1626573 72206158 71444125 777956 1179604 1213272 1097668 25765000 25285000 1722693 1419149 8676833 10975659 38155754 39957080 X 24333280 23651094 5906581 3990480 3810543 3845471 34050404 31487045 72206158 71444125 X 0 1 1 X 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 10799498 1637495 1190555 142972 13484576 12307670 630268 -1989440 149000 10799498 0.83410 0.16270 0.00320 1 0 7384774 7384774 49029525 12301894 36727631 4347315 2846222 1501093 4294025 3191126 1102899 46716397 OTHER PAYABLES 205053 ACCRUED PENSION 9439585 BOND INTEREST PAYABLE 592351 STUDENT FUNDS PAYABLE/DEPOSITS 624638 GIFT ANNUITY OBLIgATION 114032 10975659 42640845 43546699 -905854 683875 -2341380 -1657505 -2563359 34858556 683875 59312 743187 34115369 69486 8455990 8525476 42640845 37421915 2400692 2400692 35021223 69486 8455990 8525476 43546699 Part V, Line 4: Description of Intended Use of Endowment Funds: The University has adopted investment and spending policies for endowment assets that attempt to provide a predictable stream of funding to programs supported by its endowment while seeking to maintain the market value as of the donation date of the endowment assets. Part X: Description of Uncertain Tax Positions Under FIN 48: The University had no unrecognized tax benefits at June 30, 2010 and 2009, respectively. The University files an exempt organization return in the U.S. federal jurisdiction and with the California Franchise Tax Board, and California Department of Revenue. The University is no longer subject to income tax examinations by taxing authorities for years before 2006 for its federal and 2005 for its state tax filings. Part XI, Line 8 - Other Adjustments: CHANGE IN MINIMUM PENSION LIABILITY: -2341380. Part XII, Line 2d - Other Adjustments: RECLASS SPECIAL EVENT EXPENSE: 59312. Part XII, Line 4b - Other Adjustments: EXPENSE RECLASS - Funded Scholarships: 518458. EXPENSE RECLASS - FINANCIAL AID: 7937532. Part XIII, Line 2d - Other Adjustments: RECLASS SPECIAL EVENT EXPENSE: 59312. CHANGE IN MINIMUM PENSION LIABILITY: 2341380. Part XIII, Line 4b - Other Adjustments: EXPENSE RECLASS - FINANCIAL AID: 7937532. EXPENSE RECLASS - Funded Scholarships: 518458. 1 1 1 THE UNIVERSITY'S NONDISCRIMINATION POLICY IS STATED IN ALL UNIVERSITY PUBLICATIONS, APPLICATIONS, RECRUITING LITERATURE, CATALOGUES, ETC. IT IS ALSO POSTED PROMINENTLY ON CAMPUS. 1 1 1 1 0 0 0 0 0 0 0 0 1 0 THE UNIVERSITY PARTICIPATES IN THE PERKINS LOAN PROGRAM. 1 X X X X X X X 1 Clayton-Morrow Inc Grant Writing 0 361189 51540 309649 361189 51540 309649 CA Fashion Show Benefit 153923 75276 78647 52562 School of Bus. Benefit 32375 19972 12403 6750 186298 95248 91050 59312 59312 31738 1 Institutional Student Aid 1888 7937532 Funded Scholarships 87 518458 Procedure for Monitoring Grants in the U.S.: Part I, Line 2: Schedule I, Part I, Line 2: For scholarships, the University's Financial Aid Department reviews and matches the requirements to the recipient. For grants, a director for the grant authorizes expenditures. For government grants, the University reviews the government's "do not use-vendor list" to qualify prospective vendors. 1 X X X X X 0 0 0 0 0 0 0 0 0 KENNETH NIELSEN 270180 0 0 0 0 0 63471 0 32286 0 365937 0 0 0 KENNETH JONES 155189 0 0 0 0 0 19507 0 17064 0 191760 0 0 0 DAVID ROSEN 213173 0 0 0 0 0 26796 0 18660 0 258629 0 0 0 RICHARD NORDIN 189304 0 0 0 0 0 23796 0 18193 0 231293 0 0 0 DONALD ST CLAIR 210592 0 0 0 0 0 26471 0 18834 0 255897 0 0 0 STEVE DYER 161909 0 0 0 0 0 20352 0 17224 0 199485 0 0 0 ANDRE VAN NIEKERK 209060 0 0 0 0 0 26446 0 18558 0 254064 0 0 0 JOHN KARAYAN 153104 0 0 0 0 0 19245 0 17750 0 190099 0 0 0 Douglas Cremer 126511 0 0 0 0 0 15902 0 17339 0 159752 0 0 0 CALIFORNIA EDUCATIONAL FACILITIES AUTHORITY 521705592 130178BGO 2006-01-11 19894727 Construction of Buildings 0 0 CALIFORNIA EDUCATIONAL FACILITIES AUTHORITY 521705592 130178FR2 2007-02-27 7190996 Construction of Buildings 0 0 19974619 1292249 4444331 369932 139506 13728602 2008 1 0 1 1 7224646 420575 150500 36071 6617500 2008 0 0 1 1 0 0 0 0 0 1 0 0 0 0 0 1 0 0 0 1 Citigroup Financial Products Inc 1.900000000000 1 0 0 0 0 0 0 0 0 Rose Nielsen WIFE of Dr. Kenneth Nielsen, PRESIDENT 111399 employment 0 Janet Mcintyre Wife of Don St. Clair, Officer 42000 independent contractor 0 X 3 3 Gift In-kind val at $1 X 2 Gift In-kind val at $1 X 43 Gift In-kind val at $1 X 3 258616 FAIR MARKET VALUE 0 0 1 1 Third Party Use: Part I, Line 32b: A third party broker is used in the sale of marketable securities. Form 990, Part VI, Section A, line 2 Phyllis Cremer and Douglas Cremer have a family relationship. Form 990, Part VI, Section B, line 11 A copy of Form 990 is presented, reviewed, and approved by the Board of Trustees-Finance Committee. Our Form 990 is available for review or copy given to any Trustee requesting it. Form 990, Part VI, Section B, line 12c Any potential conflict is reviewed by our Board of Trustees-Audit Committee. Form 990, Part VI, Section B, line 15 The University's compensation policy is designed to provide equitable compensation to each employee reflective of the duties and responsibilities of his/her position; to maintain an equitable relationship between salaries paid by the university and those paid externally for comparable occupational groups; to reward employees on the basis of performance and length of service, etc. In order to achieve these objectives, the program consists of position descriptions that define the content of each position, a competitive salary structure that takes into account what other organizations pay for similar work, position evaluations that place positions into appropriate salary grades within the salary structure, and salary planning that provides the basis for salary increases to recognize performance and salary movement in the external marketplace. President's Compensation - The University's Board of Trustees annually reviews the President's compensation package. Their review is based on the study of comparative salary and benefits data for presidents at comparable independent colleges and universities in California. The last review in 2008 effective January 1, 2009 (there were no salary adjustments in 2010) included 15 institutions who are active members in the Association for California Colleges & Universities. Because institutions are placed in categories dependent on institutional characteristics that include enrollment, endowment, numbers of full-time faculty, revenue budget, etc., the Board determines its decision by studying not only those institutions in the same category as Woodbury (Group IVA) but also those in Group III, Groups II-B and II-A. The Board also exercises final authority in terms of any across-the-board CPI increases and/or changes to the benefits package. Top Management, Officers & Key Employees - The salary administration objectives noted in the initial paragraph above utilize a point-rating job classification system that determines the relative value of all positions. The classification system defines those characteristics of "factors" that are present in all positions evaluated within the system. The degree to which each "factor" is present in a given job is determined and a point value is assigned to each factor. The sum of these point values determines the position grade that responds to a salary structure to ensure equity. The University recognizes the need for individualized salary "studies" for several top management positions whose grade assignment comprises the upper levels of the grade structure. In such instances, salaries within the salary structure that are below market and that are required to attract and retain qualified personnel who can perform the tasks necessary for the successful operation of the University are reviewed by position using the same criteria as the Board utilizes for review of the President's compensation package. All full-time faculty, including full-time librarians, are compensated based on assigned rank according to a set of criteria defined in the Faculty Handbook. These criteria cover educational requirements, teaching experience, professional development and community service. Form 990, Part VI, Section C, line 19 The organization's governing documents, conflict of interest policy, and financial statements are available to the public upon request. Schedule K Supplental Information THE ISSUE PRICE REPORTED on Schedule K, Part I, Line B, Column (e) OF $7,190,996 IS NOT THE SAME AMOUNT AS FORM 8038, PART III, LINE 21(B) AS WOODBURY UNIVERSITY IS NOT THE ONLY RECIPIENT OF FUNDS FROM THE ISSUE.