2023-04-14T12:30:27-05:00 2022-05-31 363990892 Capin Crouse LLP 345 Massachusetts Avenue Suite 300 Indianapolis IN 46204 990 2021-06-01 350867954 Anderson University Inc ANDE 7656414001 1100 East 5th Street Anderson IN 46012 Suahil Housholder VP for Finance & Treasurer 7656414001 2023-04-14 1 Suahil Housholder 999009999 Daren Daiga P01074795 5055022746 3 AAL1 IAL1 2021 2023-04-26 12:10:37Z Anderson University John Pistole 1100 East 5th Street Anderson IN 46012 70870158 0 X www.anderson.edu X 1917 IN To educate persons for a life of faith and service in the church and society 30 29 1098 29 0 0 8990577 12160185 45385664 44920269 1885785 5560440 355534 585902 56617560 63226796 17950124 19670690 0 0 20461663 20869270 0 0 1085457 17521671 21223814 55933458 61763774 684102 1463022 141012159 135263076 61407097 59274449 79605062 75988627 X The mission of Anderson University is to educate for a life of faith and service in the church and society. Established and sustained within the free and open traditions of the Church of God, this university is committed to being a teaching-learning community of the highest order, engaged in the pursuit of truth from a Christian faith perspective. Through academic and Christian discovery, we intend to graduate people with a global perspective who are competent, caring, creative, generous individuals of character and potential. We will build those quality programs that will enable each member of the university to become stronger in body, mind, and spirit, to experience what it means to love God and neighbor, and to adopt Christ-like servant ways in all of life. The mission statement and supporting statements were adopted by the Board of Trustees in 2007. 0 0 49910832 19670690 36579921 Higher education: General educational activities serving 1,567 students during the 2021-22 school year. AU students benefit from a low student-to-faculty ratio of 13 to 1, as well as the expertise of 112 full-time faculty members. Anderson University continues to be recognized as one of America's top colleges by US News & World Report, The Princeton Review, and Colleges of Distinction. Three of the university's programs received "badges of distinction": Business, Education, and Nursing. The University has long had a strong undergraduate liberal arts curriculum. The University offers a unique 10-month MBA graduate program with a significant co-op experience and a residential option. The University's MBA, Master's in Christian Ministry, and Master of Divinity programs are also offered through online/hybrid classes with the MBA offered face-to-face in several locations around Indianapolis. 2265955 8512279 Higher education: Auxiliary enterprise primarily involving residence halls, food services, Student Health Services, Mail Center, and bookstore activities supporting the educational program. We believe that on-campus living is an integral part of the college experience. In our residence halls, we are committed to offering not only a safe and comfortable place to live, but also an environment that promises to both challenge and support our students as they grow physically, academically, socially, and spiritually. Anderson University Food Services provides friendly service and great variety in four different locations across campus: The Marketplace, Raven's Haven, Create, and Mocha Joe's. Student Health Services provides medical assistance to students and is operated by Community Health Network. 52176787 1 1 0 1 0 0 0 1 0 1 1 1 0 0 1 0 0 1 1 0 1 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 0 1 1754 0 1 1098 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 30 29 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 IN X Suahil Housholder 7656414001 1100 East 5th Street Anderson IN 46012 John Pistole President 40.00 X X 197437 0 52821 Heather Kim VP for Enrollment and Marketing 40.00 X 115814 0 24130 Joel Shrock Provost and VP of Corporation 40.00 X 104406 0 27667 Dr Ray Sylvester Assoc Professor Marketing 40.00 X 101659 0 28674 Dr Jeff Wright Dean, School of Music, Theatre 40.00 X 102285 0 24153 Jennifer Hunt VP Advancement and Secretary 40.00 X 115350 0 8600 Dr Michael Collette Dean, Falls School of Business 40.00 X 118487 0 3685 Dan Courtney Interim VP for Finance and Treasurer 40.00 X 85283 0 32946 Brock Vaughters VP for Finance & Treas. (part year) 40.00 X 74703 0 22680 Suahil Housholder Controller & Assistant Treasurer 40.00 X 69713 0 13498 Ronda Reemer Assistant Secretary 40.00 X 42459 0 10047 Patricia Seasor Bailey Chairwoman 1.00 X X 0 0 0 D Kyle Defur Vice Chair 1.00 X X 0 0 0 Dr Priscilla A Archangel Trustee 1.00 X 0 0 0 Chance M Benbow Trustee 1.00 X 0 0 0 Dr Charles L Carroll Trustee 1.00 X 0 0 0 Rev Dr James R Cook Trustee 1.00 X 0 0 0 Rev Deidre D Franklin Trustee 1.00 X 0 0 0 Rev Dr Martin Grubbs Trustee 1.00 X 0 0 0 Donna A Harman JD Trustee 1.00 X 0 0 0 Michele L Jackson JD Trustee 1.00 X 0 0 0 Mary E Jamerson Trustee 1.00 X 0 0 0 Jeffrey A Jenness Trustee 1.00 X 0 0 0 Kimberly Johnson JD Trustee 1.00 X 0 0 0 Rev Dr Mark S Krenz Trustee 1.00 X 0 0 0 Terry S McCardwell Trustee 1.00 X 0 0 0 Rev Dr Charles J Myricks Jr Trustee 1.00 X 0 0 0 James W Ostrognai Trustee 1.00 X 0 0 0 Dr Guy F Perry Jr Trustee 1.00 X 0 0 0 Rudolph R Pyle III JD Trustee 1.00 X 0 0 0 Rev Dr Steve L Rennick Trustee 1.00 X 0 0 0 Rev Nabil Safi Trustee 1.00 X 0 0 0 John P Sanders Trustee 1.00 X 0 0 0 Dr Lloyd B Schnuck Jr Trustee 1.00 X 0 0 0 Kyle M Schroeder Trustee 1.00 X 0 0 0 Rev Jessica Sellers Uitvlugt Trustee 1.00 X 0 0 0 Rev Paul A Strozier Trustee 1.00 X 0 0 0 Rev Erin M Taylor Trustee 1.00 X 0 0 0 Dr Beth S Tharp Trustee 1.00 X 0 0 0 John L Wechsler Trustee 1.00 X 0 0 0 1127596 0 248901 7 0 1 0 WFF Facility Services 211 S Jefferson St Louis MO 63103 Custodial Services 2612920 Chartwells Dining Services PO Box 417632 Boston MA 02241 Food Service Management 2503135 TRACE3 4601 DTC Blvd Ste 400 Denver CO 80237 Computer Technology 232394 Oracle America Inc PO Box 203448 Dallas TX 75320 Computer Technology 198773 Fredericks Inc 5448 W State Road 132 Pendleton IN 46064 Contractor Services 182585 11 4721541 7438644 740942 12160185 Tuition and fees 611310 36579921 36579921 Auxiliary services 611310 7729593 7729593 610755 610755 44920269 902919 902919 24281 24281 776701 689079 87622 87622 87622 2078460 9509063 1387242 5567041 691218 3942022 4633240 4633240 Finance charges 900099 326349 326349 171931 171931 498280 63226796 45092200 0 5974411 19670690 19670690 1026419 895476 130943 15317446 12831545 2020248 465653 117191 93236 20037 3918 3315247 2643225 603302 68720 1092967 853763 196737 42467 109501 847 108654 78638 78638 476 476 72000 72000 547282 381287 164895 1100 546530 134682 359592 52256 837703 385286 421146 31271 1009047 274210 654839 79998 2277206 1789505 480647 7054 791800 765597 17097 9106 301502 179367 104600 17535 2338332 1809331 472161 56840 2792394 1855884 920707 15803 245250 100522 144728 Student services 3269310 2960542 258947 49821 Auxiliary services 2265955 2265910 45 Maintenance & repair 359206 256322 100705 2179 Dues and subscriptions 302085 136766 161456 3863 3079597 2788270 244397 46930 61763774 52176787 8501530 1085457 651690 2166611 9178488 10576679 3036858 214138 3054408 3259348 828301 816712 171714 211366 134431727 77928416 60862855 56503311 48774631 44105246 5072102 11669352 2499157 2314236 6881955 3426077 141012159 135263076 4532396 4849491 2293786 2312457 41792459 40628576 8218003 7824977 249025 164263 4321428 3494685 61407097 59274449 X 25610396 27453748 53994666 48534879 79605062 75988627 141012159 135263076 X 1463022 -4838485 -240972 X 0 1 X 1 1 1 X 5046964 5864567 12605332 8990577 12160185 44667625 5046964 5864567 12605332 8990577 12160185 44667625 4045489 40622136 1248166 1640663 1266678 1009519 1703901 6868927 1228 83 9401 10712 612377 1142285 1314172 475599 498280 4042713 55589977 245501066 0.73070 0.72100 X Schedule A, Part II, Line 10, Explanation of Other Income: Finance charges - 2017 Amount: $ 314,161. 2018 Amount: $ 361,405. 2019 Amount: $ 319,987. 2020 Amount: $ 324,983. 2021 Amount: $ 326,349. Miscellaneous income - 2017 Amount: $ 298,216. 2018 Amount: $ 780,880. 2019 Amount: $ 994,185. 2020 Amount: $ 150,616. 2021 Amount: $ 171,931. Schedule A, Part II: The organization is a school as described under 170(b)(1)(A)(ii) and is not required to complete a public support schedule. Schedule A, Part II is completed to verify the School can qualify under public charity status section 170(b)(1)(A)(vi) and qualifies to use the first listed special rule for Schedule B reporting. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 0 0 1 476 476 0 Part II-B, Line 1: The portion of memberships dues designated as lobbying expenditures. 12000 2421018 X X X 1 45309557 983652 -2963586 2733115 40596508 35108167 541540 11143494 1483644 45309557 33676629 1243693 1584085 1396240 35108167 37543463 692044 -282154 1396724 2880000 33676629 35383533 1242172 2272498 1354740 37543463 0.01628 0.98372 0 0 3909707 3909707 98970142 57377491 41592651 24258514 15510698 8747816 7293364 5040227 2253137 56503311 Real Estate 7230 F Life Insurance 317040 F Beneficial Interest in Perpetual Trusts 103112 F Deposits with External Trustees 11051970 F Real Estate Held in Trust 190000 F 11669352 Annuities Payable 500444 Liability for Amounts Held for Others 1836222 Liability for Federal Student Loans 1158019 3494685 Part III, Line 4: The University's collection is made up of donations of art, books, and historical treasures. The University maintains the collection throughout the University's premises and is available for public display and access. The collection furthers the University's exempt education purpose by enhancing the University community's awareness of art, literature, and history. Part V, Line 4: The University's endowment funds are intended to fund designated University tax exempt activities, such as, the distribution of scholarships and grants to students, as well as funding operational and capital needs of the University. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 Schedule E, Part I, Line 3 Anderson University does not discriminate on the basis of age, gender, ethnic or racial origin, physical or mental disability, marital or veteran status in administration of its education, admissions, scholarship, loan, athletic policies, other school programs, or as a condition for employment. The University includes its non-discrimination policy at various points throughout its website, including the homepage, which is the primary source of information for the public. The policy is also included on application forms and in catalogs for students. Schedule E, Part I, Line 6 The University participates in the Federal Perkins Loan program and is the recipient of various state and federal grants, including HEERF grants and funding under the CARES Act. South America 0 0 Program Services Study abroad and travel 162816 Europe (Including Iceland & Greenland) 0 0 Program Services Study abroad and travel 104865 East Asia and the Pacific 0 0 Program Services Study abroad and travel 4221 0 0 0 0 0 0 271902 0 271902 0 0 0 0 0 0 Part I, line 3: The organization tracked expenditures in accordance with accrual basis of accounting Part III Accounting Method: 1 Scholarship/fellowship/grant 1051 17573153 HEERF grants 713 2097537 Part I, Line 2: Scholarships issued to University students are applied to the student's account. A list of scholarship, fellowship and grant assistance awarded is on file at the University. Although there may be recipients who are related to persons having interest in the University, such persons are selected on an equal and objective basis as with other recipients. All students receiving assistance are selected on the University's criteria for academic and financial need, and other similar criteria. The University does not discriminate on the basis of age, gender, ethnic or racial origin, physical or mental disability, marital or veteran status in administration of scholarships or loans. Also, note that the University provides remitted tuition to qualified faculty, staff and certain dependents as a benefit of employment. The University monitors the student accounts and eligibility. X X 1 1 X X 0 0 0 0 0 0 0 0 0 John Pistole President 197437 0 0 0 0 0 1196 0 51819 0 250452 0 0 0 Part I, Line 1a Housing Allowance: As a condition of employment, and as a convenience to the University, a campus residence is provided to the President in office. The home is provided as a nontaxable benefit to the President. Health or social club dues: Local country club membership is provided for the President's business use. Use for bona fide business purposes is not considered taxable income. A City of Anderson Indiana 356000939 000000000 2014-12-16 5189160 Purchase of residence hall 0 0 0 B City of Anderson Indiana 356000939 033887CX6 2017-09-28 39171350 Refinance 2007 & 2015 bonds 1 0 0 A 1585000 5189160 5409 103100 4674651 406000 2014 0 0 1 1 B 6900000 39290112 3369462 783427 35137223 2017 1 0 1 1 A 1 0 0 0 0.00000 0.00000 0.00000 0 0 1 B 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 A 0 0 0 1 0 0 0 0 1 B 0 1 0 0 0 0 0 0 1 A 1 B 1 Date Rebate Computation Performed Issuer Name: City of Anderson Indiana Date the Rebate Computation was Performed: 01/07/2020 Schedule K, Part II, Line 3 The amount recorded as total proceeds of issue for Bond B is greater than the issue price for the bonds due to the inclusion of investment earnings. X 1 12000 Selling price X 6965 Cost X 19 407487 Selling price X 2 230000 Selling price X Equipment 3 65600 Cost X Construction - Concrete patio 1 14050 Cost X Miscellaneous items 6 4840 Cost 0 0 1 1 Part I, Column (b): The number of contributions represent the number of contributions received, not the number of items donated. Part I, Line 32b: The organization used a local realtor to sell the contribution of residential real property and proceeds were provided to the organization. Form 990, Part VI, Section A, line 1a The Executive Committee is composed of seven trustees including the Chair and Vice Chair. The other five members are elected annually by the Board of Trustees. Other members may meet with this Committee, they do not have voting power. It is the duty of the Executive Committee to act on behalf of the Board of Trustees during the period between the Board's meetings. Form 990, Part VI, Section B, line 11b The University's Form 990 is prepared by an independent CPA firm. Prior to the 990 being filed with the IRS, the 990 is reviewed in detail by the VP for Finance & Treasurer, President and the Audit Committee. The University's Board of Trustees delegates the review of the Form 990 to the Audit Committee, a subcommittee of the University's Board of Trustees. Before filing the 990, the Board of Trustees receive a copy to review. Form 990, Part VI, Section B, line 12c The Controller & Assistant Treasurer annually monitors all existing conflicts and enforces compliance with the University's conflict of interest policy by conducting a review prior to the University's annual audit. The University's conflict of interest policy states that all employees and Board of Trustees submit a conflict of interest form each year of employment. Determination of existing conflicts is the responsibility of the Controller & Assistant Treasurer who will also review with the VP for Finance and Treasurer. Persons with conflicts do not participate in decisions and deliberations of the governing body. Form 990, Part VI, Section B, line 15 The independent Executive Committee of the Board of Trustees establishes the salary of the President upon recommendation of the subcommittee on evaluation and compensation. This process is directed through the Office of Work Life Engagement where compensation is compared to area benchmark information. Work Life then presents a recommendation to the VP for Finance and Treasurer to present to the Board of Trustees for approval annually. This process is documented in the board minutes. Form 990, Part VI, Section B, Line 15b: The salaries of other Executive officers of the University are established independently of the President, subject to the approval of the subcommittee on evaluation and compensation. This process is directed through Human Resources where compensation is compared to area benchmark information. The University's strategic plan is to reach compensation rates at 80% for staff and 77% for faculty of benchmark. HR then presents a recommendation to the President for approval annually. The President may appoint and establish the salaries of administrative officers as he/she deems appropriate. This process is documented in the HR files. Form 990, Part VI, Section C, line 19 The University's governing documents and conflict of interest policy are available on the University's public website. The University's financial statements are not made available to the public but the financial statements are available at emma.msrb.org for bondholders. Form 990, Part XI, line 9: Actuarial change in annuities and trusts -240,972. Anderson University Properties LLC 1100 E 5th St Anderson IN 46012 472075850 Hold property for student housing IN 336103 7765459 Anderson University Anderson University Center for Security Studies and Cyber Defense LLC 1100 E 5th St Anderson IN 46012 Provide Cybersecurity real-world experience to students IN 0 0 Anderson University Flagship Enterprise Center 2701 Enterprise Drive Anderson IN 46013 043732583 Serve as a new business incubator & growth stage business accelerator IN 501(c)(3) Line 7 Anderson University 1 Flagship Enterprise Capital Inc 2705 Enterprise Drive Ste 150 Anderson IN 46013 813693405 Economic devel. by providing access to capital funding for small bus. devel. IN 501(c)(3) Line 7 Flagship Enterprise Center 1 HWH Business LP 216 Summerlake Circle Anderson IN 46011 352084392 Real estate IN Anderson University Excluded -98291 -10871 0 0 0.90930 Andra LLC 1522 Main Street Anderson IN 46016 351923438 Real estate IN N/A Excluded 0 1 National Collegiate Trust 2003 402 West Broadway Suite 2000 San Diego CA 92101 020691754 Real estate CA N/A Excluded 0 1 National Collegiate Trust 2004 402 West Broadway Suite 2000 San Diego CA 92101 412140815 Real estate CA N/A Excluded -1884 -114805 0 1 Charitable Remainder Unitrust (18) Trust IN Anderson University 1 0 0 0 0 0 0 1 0 0 1 0 0 0 1 1 0 0 0 1 Flagship Enterprise Center G 6900000 Book value Flagship Enterprise Center J 154600 Book value National Collegiate Trust 2003 S Part III, column (k) Percentage Ownership: Per the K-1's received from National Collegiate Trust 2003 and 2004, the partner's share of profit, loss and capital is listed as "various". Therefore, no ownership % is listed for these related partnerships on Schedule R, Part III, column (k).