2011-05-16T17:03:47-05:00 2010-06-30 ERNST & YOUNG US LLP 55 IVAN ALLEN BLVD SUITE 1000 ATLANTA GA 30308 990 2009-07-01 591083502 NOVA SOUTHEASTERN UNIVERSITY NOVA 9542625272 3301 College Avenue Fort Lauderdale FL 33314 George L Hanbury II 2011-05-16 4048748300 2009 2016-02-24 21:20:13Z Ray Ferrero Jr 3301 College Avenue Fort Lauderdale FL 33314 760836272 false X www.nova.edu X 1964 FL Nova Southeastern University, a private, not-for-profit institution, offers a diverse array of innovative academic programs at the undergraduate, graduate, and professional levels. 27 25 9109 0 4599135 -1136474 42174848 33395602 561782238 578589029 -499509 -217675 -8346992 609712 595110585 612376668 45910024 55716482 0 0 313113180 322627184 0 0 2553871 218940006 211568183 577963210 589911849 17147375 22464819 960839529 980662933 541559993 531169004 419279536 449493929 Nova Southeastern University, a private, not for profit institution, offers a diverse array of innovative academic programs at the undergraduate, graduate and professional levels, complementing on campus educational opportunities and resources with accessible distance learning programs and fostering intellectual inquiry, leadership and commitment through engagement of students and faculty in a dynamic, lifelong learning environment. false false 328817594 30216978 486691740 Instructional Services: Offers undergraduate, graduate, professional degrees and certification programs to approximately 37,800 full and part time students. 36836954 194651 2072322 Academic Support: Library Program operates a 325,000 square feet main campus library and branch libraries. Other programs include computer services, museum of art operations, student education center operations and maintenance of facilities dedicated to instructional activities. 33429525 529403 31330102 Auxiliary Services: Health Profession Division provides outpatient medical services including dental, optometry, pharmacy, occupational and physical therapy. Additionally five dormitory facilities are operated. 110280926 24775450 56348068 509364999 true false false true false false true false true true false true true true true false false false true false false false true true true false false false false false false false true true true true true false false true true false false false true 1069 0 9109 true true true true CJ BF JM false false false true true false false false 27 25 false false false false false false false true true false false true true true true true true true true true false AZ CA GA IN OR X DAVID HERON 9542625291 3301 College Avenue Fort Lauderdale FL 33314 Barry J Silverman 0.5 X 0 0 0 W Tinsley Ellis 0.5 X 0 0 0 Mitchell Berger 0.5 X 0 0 0 Keith Brown 0.5 X 0 0 0 Alan B Levan 0.5 X 0 0 0 Nell McMillan Lewis 0.5 X 0 0 0 Joseph R Millsaps 0.5 X 0 0 0 Albert J Miniaci 0.5 X 0 0 0 Samuel Morrison 0.5 X 0 0 0 Paul M Sallarulo 0.5 X 0 0 0 Franklin L Smith 0.5 X 0 0 0 Rick Case 0.5 X 0 0 0 Andrew J DiBattista 0.5 X 0 0 0 R Douglas Donn 0.5 X 0 0 0 Arthur J Falcone 0.5 X 0 0 0 Silvia Flores 0.5 X 0 0 0 David W Horvitz 0.5 X 0 0 0 H Wayne Huizenga 0.5 X 0 0 0 Royal F Jonas 0.5 X 0 0 0 Milton Jones 0.5 X 0 0 0 J Kenneth Tate 0.5 X 0 0 0 Zachariah P Zachariah 0.5 X 0 0 0 Ronald G Assaf 0.5 X 0 0 0 Thomas E Lynch 0.5 X 0 0 0 E Clay Shaw Jr 0.5 X 0 0 0 Ray Ferrero 37.5 X 757462 0 24500 George L Hanbury II 37.5 X 400014 0 24500 Frederick Lippman 37.5 X 359834 0 24500 Randolph A Pohlman 37.5 X 413437 0 24500 Francis A DePiano 37.5 X 285159 0 24500 H Wells Singleton 37.5 X 326823 0 24500 John Santulli 37.5 X 239379 0 24043 Joseph Harbaugh 37.5 X 352992 0 24500 Jan E Kronmiller 37.5 X 302691 0 23608 Anthony J Silvagni 37.5 X 310198 0 24500 Tracy A Favreau 37.5 X 283735 0 21546 Elizabeth C Brennan 37.5 X 281722 0 13753 4313446 0 278950 528 false true false Collegiate Risk Management 110 Athens St TARPON SPRINGS FL 34689 Student Insurance 5324103 Panza Maurer Maynard Neel PA 3600 N Federal Highway FT LAUDERDALE FL 33308 Legal Counsel 3414178 Moss Miller Joint Venture LLC 614 S Federal Highway FT LAUDERDALE FL 33301 Construction 3062549 Energy Design Services Systems PO Box 802 SOUTH LYON MI 48178 Cnstrctn/Lghtng 2620297 Huron Consulting Services LLC 550 W Van Buren St 1700 CHICAGO IL 60607 Mgmt & Acct Srvs 1600520 5 869275 8353669 24172658 18900 33395602 Tuition and Fees 611710 527100264 527100264 Auxilliary Operations 611710 30397815 30397815 GRANDE OAKS, LLC 713910 4599135 4599135 Other revenue 611710 16491815 16491815 578589029 2122713 2122713 0 0 280319 86728 193591 193591 193591 145041982 147382370 -2340388 -2340388 -2340388 412672 869275 546724 -134052 -134052 0 973955 443782 530173 530173 PROCEEDS FROM SALE OF MOA 611710 20000 20000 20000 612376668 541445282 4599135 32936649 0 55716482 55716482 0 0 4868704 2841833 2026871 0 254355367 231038470 22071193 1245704 15207217 13711269 1422286 73662 30164678 27266976 2753009 144693 18031218 16271988 1672662 86568 0 14243990 108933 14135057 1333275 43396 1289879 0 0 0 27449441 22713456 4659045 76940 9043044 6971971 2168351 -97278 27165319 21102557 5694543 368219 9043881 7540694 1503096 91 0 44417685 38056050 6357947 3688 6314483 5005078 1265720 43685 0 2664847 2434422 226597 3828 11525345 11512705 12640 0 27220619 25790437 1399055 31127 7634831 5834177 1800654 Bad Debt Expense 6463439 5434979 1028460 Special Promotions 4904464 3591570 761138 551756 Small Equipment 2719052 2582388 131370 5294 Dues and Membership 1677239 945543 725741 5955 All other expenses 7747229 2849625 4887665 9939 589911849 509364999 77992979 2553871 32378326 27143381 47063064 28294581 20216666 24529358 26262297 19949930 6104906 5529816 1454287 1332810 6981268 5806927 896210408 202559380 680449773 693651028 85312337 127653130 40205050 28630465 14411555 18141507 960839529 980662933 68490094 61726412 77755723 83152636 354659667 347803511 1600000 0 39054509 38486445 541559993 531169004 X 348710205 372770688 55098482 59256608 15470849 17466633 419279536 449493929 960839529 980662933 X false true false X true true X false false false false false false true 578406 false false 578406 false false X X X X false 46189000 3570000 307000 4157000 45909000 59078000 1587000 -12779000 1697000 46189000 0.53620 0.15010 0.31370 false false 69023812 69023812 622291494 96276499 526014995 11243449 7216360 4027089 82364502 43532947 38831555 111287151 55533574 55753577 693651028 0 Other Current Liabilities 12796581 Med Mal Reserve (Asserted Claims) 1196000 Accrued Workman's Comp 85345 EDCT LG LIAB DEDUCTIBLE RESERVE 53000 EDCT LG LIAB RSV (ASSERTED CLMS) 2052000 INC BUT NOT REP RSVS - HPD 1865000 LT REFUNDABLE PERKINS 4796909 Grande Oaks Other LT Liabilities 6388147 EDCT LG LIAB INC BUT NOT REP RSV 3141000 LT DUE ANNUITIES 144895 LT AGENCY BALANCE LIABILITIES 1646241 DEFERRED RENT LIABILITY 2006287 HEALTH CENTERS ADMIN 177883 DHHS LIABILITY 2113756 OTHER LIABILITIES 23401 38486445 Supplemental Information Schedule D, Part III, Line 1A The Museum of Art acquires art of its collection through purchase or by gift. As permitted by FASB Statement No. 116, Accounting for Contributions Received and Contributions Made, the Museum does not include its collection items as assets in the Consolidated Statement of Financial Position. Accordingly, no value has been assigned to the Museum's art collection. The University's policy requires any proceeds from sales of collection items to be used to acquire other items for the collection. Proceeds from the sale of the collection items and expenditures for collection items purchased are reflected in the Consolidated Statement of Activities separately from revenues and expenses. Schedule D, Part III, Line 4 Nova Southeastern University operates the Museum of Art/Fort Lauderdale. In service to the public, the mission of the Museum of Art/Fort Lauderdale is to actively engage diverse audiences in the appreciation of works of art through innovative exhibitions, education programs, publications, and collection activities. This mission is consistent with Nova Southeastern University's exempt educational purposes. true true true Consistent with all federal and state laws, rules, regulations, and/or local ordinances (e.g. Title VII, Title VI, Title III, Title II, Rehab Act, ADA, Title IX), it is the policy of Nova Southeastern University not to engage in discrimination or harassment against any persons because of race, color, religion or creed, sex, pregnancy, national or ethnic origin, non-disqualifying disability, age, ancestry, marital status, sexual orientation, unfavorable discharge from the military, veteran status, political beliefs or affiliations, and to comply with all federal and state nondiscrimination, equal opportunity and affirmative action laws, orders, and regulations. This nondiscrimination policy applies to admissions, enrollment, scholarships, loan programs, athletics, employment, and access to, participation in, and treatment in all university centers, programs, and activities. NSU admits students of any race, color, religion or creed, sex, pregnancy, national or ethnic origin, non-disquali true true true true false false false false false false false false true false Students receive Financial Aid from the Federal Government. State aid is provided through grants. true Central America and the Caribbean 6 7 Program Services Academic Studies 1395634 Central America and the Caribbean 0 0 Program Services Captive Insurance 3865000 6 7 5260634 Golf Classics 854315 505500 348815 360142 Fishing Trnmnt 276450 118750 157700 113835 10 151182 245025 -93843 72747 1281947 869275 412672 546724 546724 -134052 true Institutional Scholarships 12184 55716482 Book X X true true X false false false false false false false false false Ray Ferrero 719087 0 0 0 38375 0 24500 0 0 0 781962 0 0 0 George L Hanbury II 361514 0 0 0 38500 0 24500 0 0 0 424514 0 0 0 Frederick Lippman 334139 0 0 0 25695 0 24500 0 0 0 384334 0 0 0 Randolph A Pohlman 374937 0 0 0 38500 0 24500 0 0 0 437937 0 0 0 Francis A DePiano 259268 0 0 0 25891 0 24500 0 0 0 309659 0 0 0 H Wells Singleton 288323 0 0 0 38500 0 24500 0 0 0 351323 0 0 0 John Santulli 229762 0 0 0 9617 0 24043 0 0 0 263422 0 0 0 Joseph Harbaugh 314831 0 0 0 38161 0 24500 0 0 0 377492 0 0 0 Jan E Kronmiller 291204 0 0 0 11487 0 23608 0 0 0 326299 0 0 0 Anthony J Silvagni 285271 0 0 0 24927 0 24500 0 0 0 334698 0 0 0 Tracy A Favreau 268653 0 0 0 15082 0 21546 0 0 0 305281 0 0 0 Elizabeth C Brennan 259717 0 0 0 22005 0 13753 0 0 0 295475 0 0 0 Supplemental Compensation Information A housing allowance is provided to the President of the University. This allowance is fully taxable to the recipient. The University pays for club dues on behalf of certain executives. These amounts are treated as taxable to the employee and included in his or her compensation. Broward Cty Edu Fclts Athy Series 2004A2004B 521626969 115015EW5 2004-04-01 45673537 Refn 1994 Bnds,Cnstn of Univ Cntr false false Broward Cty Edu Fcls Authority Series 2004C 521626969 115015EX3 2004-04-01 35750000 Construction of Orlando Univ Cntr false false Broward Cty Edu Fcls Authority Series 2008A 521626969 115015FY0 2008-10-23 60000000 Cnstn of Chiller Plant and Drmtry false false Broward Cty Edu Fcls Authority Series 2006 521626969 115015FR5 2006-04-12 99951270 Undergraduate Drmtry and Univ Cntr false false Museum of Art Series 2007A 596000531 2007-09-26 1950000 Bldng Rnvtn and Rfnce Bonds / Debt false false 44475000 1604188 632187 18116676 2007 true false true true 35750000 230000 33012896 2007 false false true true 60000000 682472 38673013 2008 false false true true 99790000 9181172 1028556 87320180 2007 false false true true 1950000 39000 1446528 2008 true false true true false true true false true 0.00000 0.00000 0.00000 true false false false false true 0.00000 0.00000 0.00000 true false false false false true 0.00000 0.00000 0.00000 true false true false false true 0.03360 0.00000 0.03360 true false false true false true 0.00000 0.00000 0.00000 true true false false false false false true true false false false false true true false false false false true false false false false false true true false false false false Andrew J DiBattista Daughters of Tstee of NSU 2029665 See Schedule O false Albert Miniaci Trustee of NSU 150337 See Schedule O false X 4 0 X 1 0 X 2 18900 Appraisal X OTHER EQUIPMENT 2 0 0 X OTHER SPORT EQUIPMENT 3 0 0 1 false true false Art-Works of Art, Cars, Boats, Otr Eqpmnt and Otr Sport Eqpmnt Schedule M, Part I, Lines 1, 6, 7, 25 and 26 Line 1, 25, and 26: Line 1 - Art-works valued at $48,000, equipment (Line 25) valued at $8,987 and other sport equipment (Line 26) valued at $5,910. The non-cash contributions under Line 1, 25, and 26, were recorded in Institution Advancement's database as a memo entry only. As a result, these values were not tied to an NSU account number and therefore not recorded as revenue on our books. Line 6 and 7: Revenue of $615 on golf cart was not recorded but revenue of $18,900 on boat recorded (in-kind) contributions on Statement of Revenue. Gift Acceptance Policies & Procedures Schedule M, Part I, Line 31 Gifts of real and personal property valued at $5,000 or over, approved by the Gift Acceptance Committee, for which donors qualify for a charitable deduction will be counted at their full fair market value as substantiated by a qualified appraisal and/or IRS Form 8283 which has been signed by a qualified appraiser. Gifts of real and personal property valued below $5,000, for which donors qualify for a charitable deduction, will be counted at their full fair market value as substantiated by internal NSU experts in their field. Gifts-in-kind, such as equipment and software, will be counted at their educational discount value, which, for purposes of these standards of reporting, shall be deemed to be fair market value. Supplemental Information Form 990, Part III, Line 4d, Other Program Services Expenses for other Program Services Expenses $ 110,280,926. Including grants of $ 24,775,450. Revenue $ 56,348,068. Form 990, Part VI, Line 11 Desc the Process used by Management &/or Governing Body to Review 990 The University has contracted with the firm of Ernst and Young to prepare and review this Form 990. The University plans to submit a copy of the completed Form 990 to the Board of Directors for their review via email, after Ernst and Young completes its review and financial management provides its approval, prior to filing with the IRS. Form 990, Part VI, Line 12C Description of Process to Monitor Transactions for Conflicts of Interest The University asks the governing board of trustees, officers, directors and key employees to respond to a questionnaire on a yearly basis. The questionnaire is designed to collect information to respond to questions in the Form 990. Form 990, Part VI, Line 15A & 15B Offices & Positions for Which Process was Used, & Year Process was Begun Each year a comparative analysis is performed by our compensation analyst in Human Resources and is provided to the Compensation Committee appointed by the Chairman of the Board of NSU and then reported to the Executive Committee and then to the Board of Trustees of the University. The Finance Committee Board of Directors reviews, compares and approves the final determination of the compensation policy. Form 990, Part VI, Section C, Line 19 Avail of Gov Docs, Cnflct of Intrst Plcy, & FIN Stmts to Gen Public Nova Southeastern University has made available its governing documents, conflict of interest policy, and financial statements through these websites: www.nova.edu and www.guidestar.com. In addition, Officers, members of the board and the public at large may receive a copy of these reports upon request. Form 990, Schedule K, Part II, Line 5 Credit Enhancement Fees A portion of the cost of issuance of each bond issue reported in Schedule K includes the following amounts associated with credit enhancement: BCEFA / Series 2004A / 2005B: $604,542 BCEFA / Series 2004C: $297,604 BCEFA / Series 2006: $2,421,360 BCEFA / Series 2008A: $400,684 Form 990, Schedule L, Part IV Description of Business Transactions Involving Interested Persons Andrew J. DiBattista's daughters own ReBro, Inc., a Florida Corporation that provides services to the university. Albert Miniaci has a business relationship with the university. Mr. Miniaci is the owner of Paramount Coffee Services, Inc. (total value of the transaction: $150,337) and Paramount Automatic Food Service, Inc. (total value of the transaction: $0), which supply coffee products and snack vending to the university. 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