2020-03-09T10:27:04-07:00 2019-05-31 990 2018-06-01 231352620 ARCADIA UNIVERSITY ARCA 2155722900 450 S Easton Road Glenside PA 19038 Joan Singleton VP Finance 2155722943 2020-03-09 74.113.110.4 2018 2020-09-23 17:36:50Z Joan Singleton 450 S Easton Rd Glenside PA 19038 180515000 0 X www.arcadia.edu X 1853 PA Arcadia University provides a distinctively global, integrative, and personal learning experience for intellectually curious undergraduate and graduate students in preparation for a life of scholarship, service, and professional contribution. 21 20 1008 1227 8000 0 3207000 3599000 170111000 160309000 4196000 9598000 962000 1117000 178476000 174623000 51019000 47437000 0 0 56674000 49950000 0 0 955000 63963000 69184000 171656000 166571000 6820000 8052000 259541000 259635000 113653000 108583000 145888000 151052000 Arcadia University's pioneering, global, integrated, liberal arts, and professional learning experience cultivates leaders who are intellectually fearless and uniquely prepared for life and work. Our highly regarded, values-based learning community reflects the world in which we want to live. 0 0 90055000 42446000 109562000 The University offers a wide array of liberal arts and professional programs. It offers high quality, undergraduate degree programs in more than 30 fields of study, as well as graduate degrees and certificates of advanced study. The University provides financial assistance in the form of grants and scholarships to 99% of full-time undergraduate students. Arcadia also provides academic support through the Gateway to Success program, which includes ACT101 services for PA residents who qualify, and provides personal attention and resources throughout the academic year to help them succeed. 37334000 614000 38382000 Arcadia is distinct in that all of our students, undergraduate and graduate alike, engage in integrative, real-world learning opportunities such as internships, evidence-based research, service learning, interdisciplinary study, problem-based learning and co-curricular learning experiences that expand beyond the traditional classroom. The University has adopted a "Global Connections" undergraduate curriculum that ensures immersion with global issues through study abroad or a domestic global experience. Graduate programs also include either curricular or co-curricular requirements and/or opportunities for our students. The University is one of the largest study abroad providers in the nation, sending over 3,000 students from over 300 home institutions to more than 130 programs in twelve countries. Programs are located in Australia, Cuba, Ireland, Greece, Italy, New Zealand, South Africa, Spain, and the United Kingdom. 9352000 4377000 12365000 We believe that living in close proximity to people from different backgrounds is a critically important way for students to learn important life skills, and we treat residential life as an important opportunity for learning. Our desire is to ensure that students' living arrangements support and enhance their educational work and goals. While our primary goal is to provide safe living environments conducive to study and academic success, we encourage and support the development of the following core competencies in our students: diversity and inclusion; global perspectives; civic engagement; citizenship; self-advocacy; problem-solving; respect for others; and the development of identity, purpose, and integrity. Within the residence halls and apartments, an engaged team of professional and paraprofessional staff use the physical structure of the living environment as a tool to maximize learning moments and challenge students to develop and apply these competencies. 0 0 0 136741000 1 1 0 0 0 0 0 1 0 1 1 0 0 0 1 1 1 0 1 1 1 0 1 0 1 0 0 0 1 1 1 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 1 517 0 1008 1 1 1 1 AS EI GR IT NZ SF SP UK 0 0 0 1 1 0 0 0 0 0 0 X 21 20 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CA MA ME NJ NY PA TX X X Joan Singleton - VP Finance 2155722943 450 S Easton Road Glenside PA 190383295 Ajay Nair President 40 X X 346679 0 113129 Alexandra Mamolou Trustee 5 X 0 0 0 Alison Aaron Madsen Chair 12 X X 0 0 0 Allison Rossett Trustee 5 X 0 0 0 Babette Senker Krug Trustee 5 X 0 0 0 Christa Lane Hooper Trustee 5 X 0 0 0 Christopher R van de Velde Trustee 5 X 0 0 0 David A Sadoff Trustee 5 X 0 0 0 Dr Charles William Lentz Trustee 5 X 0 0 0 Elliott A Roth Trustee 5 X 0 0 0 Gretchen Santamour Trustee 5 X 0 0 0 Ilene Silver Berman Trustee 5 X 0 0 0 J Wesley Hardin Trustee 5 X 0 0 0 Jacqueline L Cannon Trustee 5 X 0 0 0 James Warren Wagner Trustee 5 X 0 0 0 Joycellen Young Auritt Vice Chair 8 X X 0 0 0 Kenneth C Weirman Vice Chair 8 X X 0 0 0 Lyanne L Wassermann Trustee 5 X 0 0 0 Marc Walsh McKenna Trustee 5 X 0 0 0 Margaret Keenan Trustee 5 X 0 0 0 Thomas McCollum Trustee 5 X 0 0 0 Lorna Stern Vice President of The College of Global Studies 40 X 216323 0 44791 Rebecca E Kohn Provost and Vice President of Academic Affairs 40 X 160908 0 25138 Mary McRae Vice President of University Advancement 40 X 208045 0 33270 Eric R Nelson Vice President for Finance & Treasurer 40 X 207132 0 36162 Mark Lapreziosa Vice President of Enrollment Management 40 X 197160 0 59855 Margaret M Callahan General Counsel and University Secretary 40 X 166893 0 52549 John R Hoffman Provost & VP of Academic Affairs-Prior 40 X 211541 0 57230 Colleen M Burke Chief Operating Officer for TCGS 40 X 177158 0 50047 Thomas Brinker Professor/Executive Director, Domestic MBA 40 X 192905 0 21011 Philip W McClure Professor/Chair for Physical Therapy 40 X 165671 0 32757 Rebecca Craik Dean, College of Health Sciences 40 X 158986 0 35378 Thomas J Macchi Associate VP of Facility and Capital Planning 40 X 157654 0 49267 Richard A Wertime Professor, English Department 40 X X 154385 0 22227 George H Brown President - Interim 1/1/18-4/15/18-Former 40 X 80416 0 28027 2801856 0 660838 63 1 1 0 Metz Culinary Management 2 Woodland Drive Dallas PA 18612 Dining Services 2967423 Ellucian Company LP 4 Country View Road Malvern PA 19355 Computer Services 1321639 Delran Builders Company Inc 7909 Flourtown Avenue Wyndmoor PA 19038 Construction 913915 The Arthur Jackson Company 7025 West Chester Pike Upper Darby PA 19082 Facilities Management 595031 Parkhurst Dining Services PO Box 644091 Pittsburgh PA 152644901 Dining Services 466552 23 0 0 43000 0 1563000 1993000 127000 3599000 Tuition & Fees 611310 109562000 109562000 0 0 Room & Board 611310 12365000 12365000 0 0 International Programs 611310 38382000 38382000 0 0 0 0 0 0 160309000 2984000 0 -3000 2987000 0 0 0 0 0 0 0 0 504000 0 96000 0 408000 0 408000 0 0 408000 9397000 2993000 3577000 2199000 5820000 794000 6614000 0 0 6614000 17000 43000 20000 -3000 0 -3000 Food/Vend/Bookstore Commissions 611310 155000 0 0 155000 Comm, Fees, & Indirect Grant Rev 611310 546000 0 0 546000 Fingerprinting 611310 11000 0 11000 0 0 0 0 0 712000 174623000 160309000 8000 10707000 0 0 44604000 44604000 2833000 2833000 0 0 2354000 971000 1206000 177000 0 0 0 0 36990000 27908000 8823000 259000 1901000 1800000 45000 56000 5720000 2947000 2768000 5000 2985000 2716000 179000 90000 0 0 0 0 198000 0 198000 0 249000 0 249000 0 0 0 0 0 0 0 286000 0 286000 0 16407000 7750000 8436000 221000 63000 57000 6000 0 561000 510000 34000 17000 2888000 1918000 970000 0 0 0 0 0 4502000 3814000 688000 0 2598000 1987000 554000 57000 0 0 0 0 104000 95000 6000 3000 4046000 3643000 403000 0 0 0 0 0 6013000 5248000 765000 0 815000 815000 0 0 International Programs Tuition 13767000 13767000 0 0 International Programs Housing 7848000 7848000 0 0 Supplies-Other 2726000 2351000 318000 57000 Minor Equipment 315000 279000 36000 0 5798000 2880000 2905000 13000 166571000 136741000 28875000 955000 29000 53000 48026000 53970000 269000 360000 4089000 4008000 0 0 0 0 1618000 5265000 60000 44000 2774000 3035000 233085000 109402000 127827000 123683000 62306000 56372000 9458000 9764000 0 0 260000 260000 2825000 2821000 259541000 259635000 13260000 9247000 0 0 14999000 16265000 80065000 78005000 0 0 0 0 0 0 0 0 5329000 5066000 113653000 108583000 X 107769000 113719000 18108000 37333000 20011000 0 145888000 151052000 259541000 259635000 X 8052000 -2471000 0 0 0 -417000 X 0 1 X 1 1 1 X 3651000 3667000 3650000 3207000 3599000 17774000 0 0 0 0 0 0 0 0 0 0 0 0 3651000 3667000 3650000 3207000 3599000 17774000 0 17774000 3906000 3978000 3914000 2590000 3488000 17876000 0 0 0 0 0 0 934000 738000 711000 591000 701000 3675000 39325000 856495000 0.45198 0.46920 X Schedule A, Part II, Line 10 Commissions; 2015 -- Commissions (176,000) and Indirect Revenue from Grants, PNC Commissions and Fees (562,000); 2016 -- Commissions (165,000) and Indirect Revenue from Grants, PNC Commissions and Fees (546,000); 2017 -- Commissions (145,000) and Indirect Revenue from Grants, PNC Commissions and Fees (446,000); 2018 -- Commissions (155,000) and Indirect Revenue from Grants, PNC Commissions and Fees (546,000) RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 X X 0 71792000 647000 99000 962000 888000 286000 70402000 69496000 820000 3818000 932000 1100000 310000 71792000 64189000 1113000 7133000 672000 1979000 288000 69496000 67727000 950000 -1497000 689000 2044000 258000 64189000 68878000 736000 1002000 651000 1969000 269000 67727000 0.53 0.29 0.18 1 0 0 2784000 2784000 0 166723000 59002000 107721000 0 0 0 0 0 47868000 40732000 7136000 0 15710000 9668000 6042000 123683000 0 Capital Lease Obligation 207000 Annuities Payable 295000 Accrued Post-Retirement Obligation 3437000 Asset Retirement Obligation 460000 Refundable Loan Funds 667000 5066000 X 124128000 -2471000 0 0 -48140000 -50611000 174739000 0 -116000 -116000 174623000 118964000 0 0 0 116000 116000 118848000 0 47723000 47723000 166571000 Schedule D, Part III, Line 1 The University art collection consists of various pieces of art displayed throughout the campus and archived for future exhibition. Schedule D, Part III, Line 4 The University art collection consists of various pieces of art displayed throughout the campus which are used to enhance student appreciation of fine art and archived for future exhibition. Schedule D, Part V, Line 4 The University's endowment funds are used to provide a source of operating funds as well as long-term financial stability. Schedule D, Part X, Line 2 The University follows the Financial Accounting Standards Board ("FASB") guidance that requires a tax position to be recognized or derecognized based on a "more likely than not" threshold. This applies to positions taken or expected to be taken in a tax return. The University does not believe its financial statements include any uncertain tax positions. The University's policy is to recognize interest related to unrecognized tax benefits in interest expense and penalties in operating expenses. No interest or penalties were recognized in 2019 and 2018. The University's federal tax exempt business income tax returns for 2018, 2017 and 2016 remain subject to examination by the Internal Revenue Service. Schedule D, Part XI, Line 2d Financial Aid Assistance (-47,437,000), Investment Expense (-286,000); Change in benefit obligation (-417,000) Schedule D, Part XI, Line 4b Rental Expense (-96,000); Fundraising Expense (-20,000) Schedule D, Part XII, Line 2d Rental Expense (96,000); Fundraising Expense (20,000) Schedule D, Part XII, Line 4b Financial Aid Assistance (47,437,000); Investment Expenses (286,000) 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 Schedule E, Part I, Line 3 We include a notice of our policies on all of our publications, advertisements and internet website. Schedule E, Part I, Line 6 Arcadia University participates in Federal Title IV aid programs, including the federal Campus-Based Aid Programs. As such, we receive, on an annual basis, allocations to make federal work study awards and SEOG Grants to students. Additionally, our educational programs are recognized as eligible programs by the state of Pennsylvania. As such, we award PHEAA State Grants to our eligible students from PHEAA (Pennsylvania Higher Education Assistance Agency), and also receive Federal Work Study matching funds from PHEAA. Additionally, on an annual basis, PHEAA provides a matching grant known as the IAG Grant for each eligible state grant student we award PHEAA funds to as well. 1 Central America and the Caribbean 1 1 Program Services Study Abroad Education 142000 Europe (including Iceland and Greenland) 6 41 Program Services Study Abroad Education 21588000 South America 1 1 Program Services Study Abroad Education 104000 South Asia 2 10 Program Services Study Abroad Education 7782000 Sub-Saharan Africa 1 3 Program Services Study Abroad Education 661000 11 56 30277000 Scholarship/Grant Central America and the Caribbean 2 12000 Credit placed on student account Cost Scholarship/Grant East Asia and the Pacific 52 668000 Credit placed on student account Cost Scholarship/Grant Europe (including Iceland and Greenland) 139 1943000 Credit placed on student account Cost Scholarship/Grant South America 1 9000 Credit placed on student account Cost Scholarship/Grant Sub-Saharan Africa 6 75000 Credit placed on student account Cost Scholarship/Grant East Asia and the Pacific 5 50000 Credit placed on student account Cost Scholarship/Grant Europe (including Iceland and Greenland) 5 76000 Credit placed on student account Cost 0 0 0 0 0 0 Schedule F, Part I, Line 2 All grants and scholarships awarded to students are credited directly to the student's billing account and no funds actually leave the United States. Arcadia Golf Outing 60000 43000 17000 0 0 19000 0 0 1000 0 0 60000 43000 17000 0 0 19000 0 0 1000 20000 -3000 1 Student Work Programs (Federally Subsidized) 1063 832000 0 Student Work Programs (Institutional) 128 549000 0 Institutional Scholarships & Grants 2229 43223000 0 Schedule I, Part I, Line 2 Arcadia University awards both need-based and merit-based financial aid to students in good academic standing. The University maintains records to quantify the dollar amount of the financial assistance awarded, the number of recipients per grant/scholarship, and the selection criteria. All grants and scholarships awarded to students are credited directly to the student's billing account. X 1 1 X X X 0 0 0 0 0 0 0 0 0 Ajay Nair President 346679 0 0 0 509 0 23233 0 89387 0 459808 0 0 0 Lorna Stern Vice President of The College of Global Studies 216323 0 0 0 2281 0 18000 0 24510 0 261114 0 0 0 Rebecca E Kohn Provost and Vice President of Academic Affairs 160908 0 0 0 524 0 12731 0 11883 0 186046 0 0 0 Mary McRae Vice President of University Advancement 208045 0 0 0 1388 0 8490 0 23392 0 241315 0 0 0 Eric R Nelson Vice President for Finance & Treasurer 207132 0 0 0 1324 0 16317 0 18521 0 243294 0 0 0 Mark Lapreziosa Vice President of Enrollment Management 197160 0 0 0 2028 0 16320 0 41507 0 257015 0 0 0 Margaret M Callahan General Counsel and University Secretary 166893 0 0 0 1058 0 13450 0 38041 0 219442 0 0 0 Colleen M Burke Chief Operating Officer for TCGS 177158 0 0 0 646 0 15132 0 34269 0 227205 0 0 0 John R Hoffman Provost and Vice President of Academic Affairs-Prior 211541 0 0 0 764 0 3403 0 53063 0 268771 0 0 0 Thomas Brinker Professor/Executive Director, Domestic MBA 192905 0 0 0 645 0 8903 0 11463 0 213916 0 0 0 Philip W McClure Professor/Chair for Physical Therapy 165671 0 0 0 2769 0 12363 0 17625 0 198428 0 0 0 Rebecca Craik Dean, College of Health Sciences 158986 0 0 0 913 0 12107 0 22358 0 194364 0 0 0 Thomas J Macchi Associate VP of Facility and Capital Planning 157654 0 0 0 1473 0 12534 0 35260 0 206921 0 0 0 Richard A Wertime Professor, English Department 154385 0 0 0 833 0 6297 0 15097 0 176612 0 0 0 Schedule J, Part I, Line 1a The President of the University is required, as a condition of employment, to live in a house owned by the University. This house is also used to host University-related functions. This benefit was not included in taxable compensation as it qualifies for exclusion under Internal Revenue Code Section 119(d) due to being required as a condition of employment, for the convenience of the employer, and being on the University campus. A Montgomery County Higher Education & Health Authority 232447147 613603SL4 2010-05-11 23037906 Funding of capital projects 0 0 0 B Montgomery County Higher Education & Health Authority 232447147 613603SZ3 2013-12-05 19721786 Funding of Capital Projects and refunding of 2001 bonds 0 0 0 C Montgomery County Higher Education & Health Authority 232447147 613603UZ0 2015-06-25 34806870 Advance refunding of Series 2006 bonds 0 0 0 D Montgomery County Higher Education & Health Authority 232447147 613603VM8 2016-01-05 10589701 Current refunding of Second Series 2006 bonds 0 0 0 A 0 0 23069754 2056165 2254941 0 308305 0 0 20765471 0 0 2013 0 0 1 1 B 2560000 0 19715869 0 490805 0 290130 0 0 14801211 4700000 0 2019 1 0 1 1 C 6085000 0 35077874 0 0 0 444720 0 0 0 34362149 0 2016 0 1 1 1 D 320000 0 10612909 0 0 0 211071 0 0 0 10378630 0 2016 1 0 1 1 A 0 0 0 0 0 0 0 0 0 1 B 0 0 0 0 0 0 0 0 0 1 C 0 0 0 0 0 0 0 0 0 1 D 0 0 0 0 0 0 0 0 0 1 A 0 0 0 1 0 0 0 0 1 B 0 0 0 1 0 0 0 0 1 C 0 1 0 0 0 0 0 0 1 D 0 1 0 0 0 0 0 0 1 A 1 B 1 C 1 D 1 Schedule K, Part II, Line 3-05/11/2010 23,037,906 Montgomery County For each of the bonds listed above, the total bond proceeds include investment income. Schedule K, Part IV, Line 2c-05/11/2010 23,037,906 Montgomery County The bond issue did not owe any rebate upon its first computation date. It is after the first and before the second computation date and therefore no rebate is due at this time. Schedule K, Part IV, Line 2c-12/05/2013 19,721,786 Montgomery County The bond issue did not owe any rebate upon its first computation date. It is after the first and before the second computation date and therefore no rebate is due at this time. Employees Employees 78891 Employee tuition discount Employee benefit X 12 127000 NYSE 0 0 1 0 Schedule M, Part I, Line 33 The number in column B represents the total number of contributions received. Form 990, Part VI, Section B, Line 11b An internal review of the completed 990 is performed before it is provided to our independent tax accountants for review. Once that process is completed, the Audit Committee of the Board of Trustees reviews and accepts the 990. The 990 is made available to the Board of Trustees via our internal web portal for review before filing. They may access it in a special section set aside for the Board. Form 990, Part VI, Section B, Line 12c The Trustees and Executive Senior Managers of the University are required to complete Conflict of Interest statements. The Chair of the Audit Committee of the Board of Trustees (Board) ensures that the statements are completed on an annual basis. If any conflicts arise, such as from family or business relationships, the Audit Committee of the Board may either make a determination, or, if the Audit Committee believes it is appropriate, may refer the matter to the full Board for a vote to determine if a conflict exists. If a determination is made that no conflict exists, the interested trustee may participate fully in any discussions and vote on the proposed transaction or arrangement that is the subject of the conflict. If a determination is made that a conflict of interest exists, the interested trustee shall be required to leave any meeting prior to discussion of, or vote on, the transaction or arrangement. Form 990, Part VI, Section B, Line 15 The Executive Committee of the Board of Trustees oversees compensation of the President. All discussions about compensation are documented in the Board minutes. The University uses comparability data from peer institutions collected by the College and University Professional Association for Human Resources (CUPA HR), as well as conducts a review of internal equity among executives, in determining the compensation of all other officers and key employees. This data is used to ensure all salaries are within "fair market range" for the industry. Form 990, Part VI, Section C, Line 19 The University's governing documents, conflict of interest policy and financial statements are available to the public upon request. Form 990, Part XI, Line 9 Change in benefit obligation -- -417,000