2020-03-16T16:22:15-05:00 2019-05-31 363990892 Capin Crouse LLP 9511 Angola Court Suite 221 Indianapolis IN 46268 990 2018-06-01 350867954 Anderson University Inc ANDE 7656414001 1100 East 5th Street Anderson IN 46012 James Ragsdale VP for Finance and Treasurer 7656414001 2020-03-16 1 Ted R Batson Jr P00721951 3178852620 139.146.132.42 2020-03-16 17:22:07 ED P 253064A6A1CF5051562423FA95A701CCBD577FF1 7566BC16ABA198E6A2B4AAEE593E344A140FFF45 2018 2020-11-06 18:47:13Z Anderson University John Pistole 1100 East 5th Street Anderson IN 46012 71403948 0 X www.anderson.edu X 1917 IN To educate persons for a life of faith and service in the church and society 32 31 1470 56 0 228 5046964 5864567 55117681 52114667 5951588 1841754 483209 695332 66599442 60516320 19922190 19440020 0 0 23769082 23874695 0 0 1325446 20045646 19408513 63736918 62723228 2862524 -2206908 134547786 129633129 63987781 63546346 70560005 66086783 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 50638529 19440020 42569558 Higher education: General educational activities serving 1,722 students during the 2018-19 school year. AU students benefit from a low student-to-faculty ratio of 10 to 1, as well as the expertise of 108 full-time faculty members, 71 percent of whom hold terminal degrees. 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. 2221586 10325989 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. 52860115 1 1 0 1 0 0 0 1 0 1 1 1 0 0 1 0 0 1 1 0 1 0 1 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 1 0 1 0 0 0 1 1 1 0 0 0 1 2919 0 1 1470 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 32 31 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 IN X James Ragsdale 7656414001 1100 East 5th Street Anderson IN 46012 John Pistole President 40.00 X X 204782 0 33060 Patricia Seasor Bailey Chairwoman 1.00 X X 0 0 0 Dennis Carroll Vice Chair 1.00 X X 0 0 0 Louis E Gerig Trustee 1.00 X 0 0 0 Guy Perry Trustee 1.00 X 0 0 0 Larry J Lilly Trustee 1.00 X 0 0 0 Matthew Anderson Trustee 1.00 X 0 0 0 Rodney Stafford Trustee 1.00 X 0 0 0 Rudolph R Pyle III Trustee 1.00 X 0 0 0 Mary E Jamerson Trustee 1.00 X 0 0 0 Steve Rennick Trustee 1.00 X 0 0 0 Mark Krenz Trustee 1.00 X 0 0 0 Jayne Grandison Trustee 1.00 X 0 0 0 Terry S McCardwell Trustee 1.00 X 0 0 0 Donna A Harman Trustee 1.00 X 0 0 0 Erin Coffman Trustee 1.00 X 0 0 0 James R Cook Trustee 1.00 X 0 0 0 Lloyd Schnuck Jr Trustee 1.00 X 0 0 0 Kimberly Johnson Trustee 1.00 X 0 0 0 Erin Taylor Trustee 1.00 X 0 0 0 Dale M Fontenot Trustee 1.00 X 0 0 0 Deidre Franklin Trustee 1.00 X 0 0 0 Ralph E Welton Trustee 1.00 X 0 0 0 D Kyle De Fur Trustee 1.00 X 0 0 0 Raymond Chin Trustee 1.00 X 0 0 0 Charles Myricks Trustee 1.00 X 0 0 0 Michele Jackson Trustee 1.00 X 0 0 0 David Cox Trustee 1.00 X 0 0 0 Kevin Earley Trustee 1.00 X 0 0 0 Vernon Smith Trustee 1.00 X 0 0 0 Martin Grubbs Trustee 1.00 X 0 0 0 James Giesler Trustee 1.00 X 0 0 0 Sandi Patty Peslis Trustee (part year) 1.00 X 0 0 0 Marie S Morris Provost and VP of Corporation 40.00 X 134550 0 14180 Ronda Reemer Assistant Secretary 40.00 X 42618 0 2970 Suahil Housholder part year Asst Treasurer & Controller 40.00 X 41924 0 6815 Wendy Frank Asst Treasurer & Controller 40.00 X 8705 0 2406 Jennifer Hunt VP Advancement and Secretary 40.00 X 109977 0 23 James Ragsdale VP for Finance and Treasurer 40.00 X 95532 0 8048 Ryan Kaopuiki VP for Enrollment and Marketing 40.00 X 119003 0 39088 Terry Truitt Dean, Falls School of Business 40.00 X 116943 0 34126 Ray Sylvester Assoc Professor Marketing 40.00 X 100631 0 23869 Jeff Wright Dean, School of Music Theatre, Dance 40.00 X 100874 0 16743 1075539 0 181328 7 0 1 0 Chartwells Dining Services PO Box 417632 Boston MA 02241 Food Service Management 3074644 WFF Facility Services 211 S Jefferson St Louis MO 63103 Custodial Services 729784 LMC Service Solutions 1023 W 38th Street Anderson IN 46013 Building Maintenance 282662 Oracle America INC PO Box 203448 Dallas TX 75320 Computer Technology 195112 Sierra-Cedar Inc 1255 Alderman Drive Alpharetta GA 30005 Computer Technology 170382 13 589064 5275503 1185549 5864567 Tuition and fees 611310 42569558 42569558 Auxiliary services 611310 8413424 8413424 1131685 1131685 52114667 1390483 1390483 75013 75013 175167 622120 -446953 -446953 -446953 9969566 672200 10147878 117630 -178312 554570 376258 376258 Finance charges 611310 361405 361405 780880 780880 1142285 60516320 52895547 0 1756206 19440020 19440020 906233 807914 98319 102339 102339 17644570 14849671 2222396 572503 384223 315894 56377 11952 3648835 2875178 672504 101153 1188495 952997 194535 40963 51532 12819 38713 78648 78648 542 542 47020 47020 573921 391432 147156 35333 532882 125929 341210 65743 791239 433575 300714 56950 1396380 366119 971492 58769 2335325 1950967 378179 6179 1001867 927949 36934 36984 456474 317107 107454 31913 2398292 1943172 386869 68251 3149952 2221279 917515 11158 215544 103915 111629 Auxiliary services 2221586 2221586 Maintenance & replace 1296772 1093324 201274 2174 Dues and subscriptions 458103 307228 132054 18821 2402434 2009954 284199 108281 62723228 52860115 8537667 1325446 X 23342 36038 9062606 9983212 165770 340256 2370522 2138540 905161 642471 115975 123580 422488 131805 135638309 71053575 66785726 64584734 34463286 37082281 13171042 8227837 3008051 2443167 4053817 3899208 134547786 129633129 4162600 3981944 1215725 1808511 42784108 42620225 9107614 8763379 407911 362239 6309823 6010048 63987781 63546346 X 22822530 28668602 47737475 37418181 70560005 66086783 134547786 129633129 X -2206908 -1373534 -779990 -112790 X X 0 1 X 1 1 1 X 9754055 6096496 5628336 5046964 5864567 32390418 9754055 6096496 5628336 5046964 5864567 32390418 7223622 25166796 1299942 1420376 919541 1248166 1640663 6528688 1228 1228 2588449 2198870 2002245 612377 1142285 8544226 47464560 281678290 0.53020 0.55940 X Schedule A, Part II, Line 10, Explanation of Other Income: Finance charges - 2014 Amount: $ 278,179. 2015 Amount: $ 275,882. 2016 Amount: $ 272,600. 2017 Amount: $ 314,161. 2018 Amount: $ 361,405. Miscellaneous income - 2014 Amount: $ 2,310,270. 2015 Amount: $ 1,922,988. 2016 Amount: $ 1,729,645. 2017 Amount: $ 298,216. 2018 Amount: $ 780,880. 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 1 542 0 0 0 542 0 Part II-B, Line 1: The portion of memberships dues designated as lobbying expenditures. 2409018 X X X 1 37543463 692044 -282154 1396724 2880000 33676629 35383533 1242172 2272498 1354740 37543463 32710513 551109 3488009 1366098 35383533 34280995 1089067 -1384967 1274582 32710513 32582422 2251608 969524 1522559 34280995 0.01130 0.98870 0 0 4219207 4219207 94900287 51497089 43403198 6603463 2274870 4328593 22927484 13649963 9277521 6987868 3631653 3356215 64584734 Real Estate 2782843 F Life Insurance 300017 F Beneficial Interest in Perpetual Trusts 151440 F Deposits with External Trustees 3680635 F Hedge Funds 159092 C Interest in partnerships 1153810 F 8227837 Annuities Payable 728840 Liability for Amounts Held for Others 2223455 Liability for Federal Student Loans 3057753 6010048 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. Form 990, Schedule D, Part V, Lines 2a-2c: In accordance with the principles of FASB ASU 2016-14 (ASC 958), the organization has implemented required changes to its audited financial statements for the period ended 5/31/2019. To date, Form 990 and its associated schedules have not been updated to reflect changes made by this standard. Thus, we have reported the revised net asset categories from the audited financial statements as follows on Form 990, Schedule D, Part V, Lines 2a-2c: Line 2a - Without donor restrictions Line 2b - With donor restrictions 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, 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. 1 Central America and the Caribbean 0 0 Program services Mission trips 28535 East Asia and the Pacific 0 0 Program services Mission trips 15245 Europe (Including Iceland & Greenland) 0 0 Program services Mission trips 19893 Sub-Saharan Africa 0 0 Program services Mission trips 17742 South America 0 0 Program Services Mission trips 88 0 0 0 0 0 0 81503 0 81503 Scholarship Central America and the Caribbean 10 309810 Applied directly to student account Scholarship East Asia and the Pacific 3 40756 Applied directly to student account Scholarship Europe (Including Iceland & Greenland) 2 51964 Applied directly to student account Scholarship Middle East and North Africa 2 13640 Applied directly to student account Scholarship North America - Canada and Mexico 1 1173 Applied directly to student account Scholarship South Asia 2 51250 Applied directly to student account Scholarship Sub-Saharan Africa 7 152881 Applied directly to student account 0 0 0 0 0 0 Part I, line 3: Expenditures are accounted for using the accrual method of accounting. 1 Scholarship/fellowship/grant 1554 19440020 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 X 0 0 0 0 0 0 0 0 0 John Pistole President 204782 0 0 0 0 0 6150 0 27263 0 238195 0 0 0 Ryan Kaopuiki VP for Enrollment and Marketing 119003 0 0 0 0 0 3900 0 35427 0 158330 0 0 0 Terry Truitt Dean, Falls School of Business 116943 0 0 0 0 0 2820 0 31490 0 151253 0 0 0 Part I, Line 1a Housing Allowance: A campus residence is provided to the President in office for the convenience of the university and is not considered taxable income. 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 NoneAvail 2014-12-16 5189160 Purchase of residence hall 0 0 0 B City of Anderson Indiana 356000939 033887CX6 2017-09-28 39965000 Refinance 2007 & 2015 bonds 0 0 0 A 865000 5189160 6791 103100 4679299 400000 2014 0 0 1 1 B 39171350 3264274 783427 35137223 2017 1 0 1 1 A 0 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 1 0 0 0 0 0 0 1 B 0 1 0 0 0 0 0 0 1 A 1 B 1 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. Lisa Ragsdale Family member of James Ragsdale, Officer 54193 Compensation and benefits 0 Keith Morris Family member of Marie Morris, Officer 26374 Compensation and benefits 0 Alexander Robert Morris Family member of Marie Morris, Officer 21772 Compensation and benefits 0 X 24 Selling price X 1975 Cost X 4 208339 Selling price X 1 20000 Selling price X 1 936776 Selling price X 10 1256 Cost X 2 243 Cost X Equipment 1 8000 Selling price X Stamps 3 5036 Selling price X Gift cards 12 3900 Selling price 3 0 1 0 Part I, Column (b): The number of contributions represent the number of contributions received, not the number of items donated. Form 990, Part VI, Section A, line 1 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 University's Controller and Assistant Treasurer, Vice President for Finance and 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 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 who will also review with the Vice President 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 15a - 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. 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 X, Lines 27-29: In accordance with the principles of FASB ASU 2016-14 (ASC 958),the organization has implemented required changes to its audited financial statements for the period ended 5/31/2019. To date, Form 990 and its associated schedules have not been updated to reflect changes made by this standard. Thus, we have reported the revised net asset categories from the audited financial statements as follows on Form 990, Part X, Lines 27-29: Line 27 - Net assets without donor restrictions $28,668,602 Line 29 - Net assets with donor restrictions $37,418,181 Total net assets $66,086,783 Form 990, Part XI, line 9: Actuarial change in annuities and trusts -112,790. Form 990, Part XII, Line 2c: The organization's Board assumes responsibility for oversight of the audit of its financial statements and selection of its independent accountanting firm. This process has not changed since the prior year. Anderson University Properties LLC 1100 E 5th St Anderson IN 46012 472075850 Hold property for student housing IN 0 8081808 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) 7 Anderson University 0 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) 7 Flagship Enterprise Center 0 HWH Business LP 216 Summerlake Circle Anderson IN 46011 352084392 Real estate IN Anderson University Excluded 10737 1021180 0 0 0.91000 Charitable Remainder Unitrust (23) Trust IN Anderson University 0 Orangehaus Records Inc 1100 E 5th Street Anderson IN 46012 201675766 Provide University students with experience in music recording IN Anderson University C 11882 1467 1.00000 1 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0 Orangehaus Records Inc N Orangehaus Records Inc O Flagship Enterprise Center J