2020-05-05T12:15:26-07:00 2019-06-30 990 2018-07-01 382410852 KETTERING UNIVERSITY KETT 8107629790 1700 University Avenue Flint MI 485046214 Thomas W Ayers Treasurer 8107629864 2020-05-07 198.110.6.128 2018 2020-11-06 18:47:13Z Dr Robert K McMahan 1700 University Avenue Flint MI 485046214 137147772 0 X www.kettering.edu X 1982 MI Education. We prepare students for lives of extraordinary leadership and service by linking transformative experiential learning opportunities to rigorous academic programs in engineering, science, mathematics, and business. Founded in 1919 by a group of Flint leaders with a vision for transforming the automobile industry, Kettering University today offers 13 undergraduate degrees, 7 graduate degrees, and a variety of concentrations and minors that allow it to deliver an education that couples theory and practice better than any other institution in the world. The University is dedicated to achieving the extraordinary through technological innovation, leadership and service. Through growth, global leadership, community outreach and an engaged community of stakeholders the University strives to fulfill its mission. The University's actions are imbued by a set of values that foster respect, integrity, creativity, collaboration and excellence. 25 24 1003 2500 211282 0 10500490 22876280 59370051 60274233 5654941 12041208 426388 484666 75951870 95676387 3433175 3612865 0 0 38062408 39575473 102349 0 2621361 25659452 26123856 67257384 69312194 8694486 26364193 203265971 221978988 25325306 24844784 177940665 197134204 Education. We prepare students for lives of extraordinary leadership and service by linking transformative experiential learning opportunities to rigorous academic programs in engineering, science, mathematics, and business. Founded in 1919 by a group of Flint leaders with a vision for transforming the automobile industry, Kettering University today offers 13 undergraduate degrees, 7 graduate degrees, and a variety of concentrations and minors that allow it to deliver an education that couples theory and practice better than any other institution in the world. The University is dedicated to achieving the extraordinary through technological innovation, leadership and service. Through growth, global leadership, community outreach and an engaged community of stakeholders the University strives to fulfill its mission. The University's actions are imbued by a set of values that foster respect, integrity, creativity, collaboration and excellence. 0 0 20067395 3612865 44171589 Undergraduate Instruction. Delivered 68,707 undergraduate student credit hours of instruction (one student credit hour represents 10 hours of instruction for one student). Awarded 372 baccalaureate degrees in 13 different programs. 2229711 0 7033884 Graduate Instruction. Delivered 7,368 graduate student credit hours of instruction (one student credit hour represents 10 hours of instruction for one student). Awarded 179 master's degrees in 7 different programs. 2741721 2578898 475855 Research. Top three projects: (1) EDA: Kettering University Automotive Research Area. The grant enabled the University to construct a low-speed course consisting of a winding asphalt road course with elevation changes, optional routes and surface changes to expand our existing 3.3 acre testing surface for the research and development of autonomous vehicles. In addition to the road course, a 3,000 square foot, 2-bay research annex was constructed inclusive of vehicle bays, office space, conference room and storage space. (2) SBDC: Small Business Development Center. This subaward is issued by the MI-SBDC Lead Center at Grand Valley State University for the performance for a Scope of Work originally awarded to the Prime recipient of the US Small Business Administration (SBA) Small Business Development Center cooperative agreement to establish a statewide network of State Lead Center and SBDC Regional Centers. The Regional Center housed at Kettering develops and maintains a comprehensive small business assistance program that provides consulting, training and research services to promote business start-up, innovation and expansion. Economic impact success in this time frame: 348 clients consulted, for 1386.67 hours, 36 new business starts, 135 new jobs, $4,550,000 in capital formation, $9,000,000 in increased sales and 163 training attendees in class rooms and 64 on-line. (3) SBDC: Small Business Development Center. This subaward is issued by the MI-SBDC Lead Center at Grand Valley State University for the performance for a Scope of Work originally awarded to the Prime recipient of the US Small Business Administration (SBA) Small Business Development Center cooperative agreement to establish a statewide network of State Lead Center and SBDC Regional Centers. The Regional Center housed at Kettering develops and maintains a comprehensive small business assistance program that provides consulting, training and research services to promote business start-up, innovation and expansion. Economic impact success in this time frame: 302 clients consulted, for 1,299.51 hours, 30 new business starts, 157 new jobs, $4,500,000 in capital formation, $11,950,000 in increased sales and 164 training attendees in class rooms and 95 on-line. 33805361 145475 4980040 All other Program Services includes Academic Support, Student Services, Institutional Services, and Auxiliary Services. 33805361 145475 4980040 58844188 1 1 0 0 0 0 0 1 0 1 1 1 0 0 1 0 1 0 1 1 1 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 2551 0 1 1003 1 1 1 1 CJ JE 0 0 0 1 1 0 0 0 1 1 0 0 0 X 25 24 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 CA X Nancy A Fike 8107629925 1700 University Avenue Flint MI 485046214 Henio Arcangeli Jr Board Chair 4 X X 0 0 0 Lizabeth A Ardisana Board Vice Chairman 2 X X 0 0 0 Carla J Bailo Board Member 2 X 0 0 0 Jane E Boon Board Secretary 2 X X 0 0 0 Walter G Borst Board Member 2 X 0 0 0 Donald B Chaffin Board Member 2 X 0 0 0 Bruce D Coventry Board Member 2 X 0 0 0 Gary L Cowger Board Member 2 X 0 0 0 Jacqueline A Dedo Board Member 2 X 0 0 0 Phillip C Dutcher Board Member 2 X 0 0 0 David S Hoyte Board Member 2 X 0 0 0 Gerald Johnson Board Member 2 X 0 0 0 David Kazyak Board Member 2 X 0 0 0 Charles F Kettering III Board Member 2 X 0 0 0 Jesse M Lopez Board Member 2 X 0 0 0 Michael Mansuetti Board Member 2 X 0 0 0 John W Moyer Board Member 2 X 0 0 0 Raj Nair Board Member 2 X 0 0 0 Jeffrey J Owens Board Member 2 X 0 0 0 Raymond E Scott Board Member 2 X 0 0 0 Marjorie Sorge Board Member 2 X 0 0 0 Lyn St James Board Member 2 X 0 0 0 Norman J Szydlowski Board Member 2 X 0 0 0 Diana D Tremblay Board Member 2 X 0 0 0 Robert K McMahan President 80 X X 665355 0 200104 James Zhang Provost 55 X 271313 0 42203 Donald Rockwell University Counsel 55 X 162779 0 25450 Thomas W Ayers Treasurer 55 X 256769 0 41702 Susan Davies VP University Advancement & External Relations 55 X 247292 0 39720 Cornelius Darcy VP Marketing, Communication & Enrollment 55 X 226346 0 30350 Christine Wallace Vice President Kettering Global 62 X 191120 0 36380 Craig Hoff Dean of College of Engineering 55 X 179072 0 36509 Michael Smith Dean School of Managment 55 X 177092 0 33879 Bassem Ramadan Department Head - Mechanical Engineering 55 X 162438 0 20440 Jane Homsher VP Student Life & Dean of Students 55 X 154546 0 23557 Scott Grasman Department Head - Industrial Engineering 55 X 146179 0 34836 2840301 0 565130 49 0 1 0 Keypath Education LLC 220 N Smith St 201 Palatine IL 60067 Recruitment Services 2082059 Duffey Petrosky & Company 38505 Country Club Dr Farmington Hills MI 48331 Marketing Services 510577 Ruffalo Noel Levitz 1025 Kirkwood Pkwy SW Cedar Rapids IA 52404 Marketing Services 412244 Inovateus Solar LLC 19890 State Line Road South Bend IN 46637 Solar Tree Installation 235174 TargetX 1001 E Hector Street STE 100 Conshohocken PA 19428 CRM Services 126775 7 0 0 0 0 0 22876280 1148379 22876280 Tuition Undergraduate 611310 47784454 47784454 0 0 Tuition & Fees Graduate 611310 7033884 7033884 0 0 Research 611310 475855 475855 0 0 International Programs 611310 600538 600538 0 0 Auxilliary Services 611310 4379502 0 0 4379502 60274233 2029127 0 211282 1817845 0 0 0 0 0 0 0 0 117409 0 0 0 117409 0 117409 0 0 117409 51483466 0 41471385 0 10012081 0 10012081 0 0 10012081 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 367257 367257 0 0 367257 95676387 56261988 211282 16326837 X 0 0 3612865 3612865 0 0 0 0 2010959 0 1605892 405067 0 0 0 0 28104334 24500193 2662922 941219 2222316 1822299 311124 88893 5026181 4121468 703665 201048 2211683 1813580 309636 88467 0 0 0 0 51335 26799 24536 0 81100 0 81100 0 0 0 0 0 0 0 0 0 0 0 8855640 8183101 321776 350763 215114 205727 8666 721 2639529 2447479 98655 93395 0 0 0 0 0 0 0 0 2442427 2076063 268667 97697 1146212 887041 197657 61514 0 0 0 0 164811 131105 27471 6235 930449 930449 0 0 0 0 0 0 3686147 3133225 405476 147446 328374 26972 301117 285 Equipment 969917 883174 75302 11441 Maintenance 2584372 2147120 336211 101041 Student Clubs 273614 273614 0 0 Miscellaneous 1109892 1084828 0 25064 644923 537086 106772 1065 69312194 58844188 7846645 2621361 0 0 10969861 21486647 2770982 3665512 1718285 1865341 0 0 0 0 0 0 0 0 1537553 1921365 186821353 102590741 81008764 84230612 82592830 78174422 20800364 28751446 0 0 0 0 1867332 1883643 203265971 221978988 3102595 3537421 0 0 1145962 1180007 17920857 17040102 0 0 0 0 210065 168831 0 0 2945827 2918423 25325306 24844784 X 91897454 92583690 34025067 49752906 52018144 54797608 177940665 197134204 203265971 221978988 X 26364193 -7141489 0 0 0 -29165 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 X X X 0 86552982 2812419 4191380 1473147 1605279 125000 90353355 82614985 1435912 5637810 1413250 1597475 125000 86552982 75431508 972330 9584419 1586845 1661427 125000 82614985 80958608 577288 -2876553 1492072 1610763 125000 75431508 81288498 1517780 1214063 1390500 1546233 125000 80958608 0.11 0.61 0.28 0 0 0 6263319 6263319 0 129416541 74785435 54631106 0 0 0 0 0 35975951 22056662 13919289 0 15165542 5748644 9416898 84230612 0 0 Acadian Global Managed Volatility Equity 6652577 F ArcLight Energy Partners VI 1807670 F Arrowgrass International Fund Ltd 4308648 F Columbia Capital Equity Partners VI 1610561 F Encap Energy Cap Fund 311401 F Henderson Park Real Estate Fund I 1019168 F H.I.G Advantage Buyout Fund 207178 F Oak Hill Capital Partners IV 1230337 F Oak Hill Strategic Credit Fund II 348721 F Parametric Defensive Equity Fund LLC 6642703 F Walton Street RE Fund VIII, L.P. 991901 F Warburg Pincus Private Equity XII, L.P. 1730776 F Warburg Pincus Global Growth, L.P. 17457 F WCP Real Estate Fund IV, L.P. 1872348 F 28751446 Gift Annuities 336644 Asset Retirement Obligation 1261350 Accrued Expenses 1320429 2918423 82051441 0 0 0 0 0 82051441 0 13624946 13624946 95676387 62013181 0 0 0 0 0 62013181 0 7299013 7299013 69312194 Schedule D, Part III, Line 1 The University holds a historical collection with an approximate value of $1,200,000 that has not been capitalized as any proceeds from the sales of items would be reinvested in the collection. Schedule D, Part III, Line 4 Since 1973, GMI and Kettering University have assisted in creating one of the largest automotive archives in the country that attracts researchers from around the globe. They assisted the University in receiving the Charles Kettering Collection, which attracts many researchers with its hundreds of patents and documents related to gasoline, Freon, jet fuel, and fast drying paint, to name only a few subject areas. The Frigidaire Collection, another General Motors Division, showcases the advancement of refrigeration in the 20th century and highlights the advancement of technology in the home. Alumni also assisted us in getting the photograph collection of AC Spark Plug donated, an estimated collection of 40,000 negatives. Schedule D, Part V, Line 4 The Kettering University Endowment Fund is used for a variety of purposes including Scholarships, Instructional Chairs and support of specific programs. Schedule D, Part XI, Line 4b Grant and Scholarship assistance of $3,612,865 netted with tuition revenue in audited financials plus realized gains on investments of $10,012,081. Schedule D, Part XII, Line 4b Depreciation, Amortization and Accretion expense of $3,686,148; Grants and Scholarships expense netted with tuition revenue $3,612,865. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 Schedule E, Part I, Line 3 In public relations releases and interviews with the media, the policy of non-discrimination is made clear. All published recruiting materials for both students and employees carry a statement which declares the institution's policy of non-discrimination. Schedule E, Part I, Line 6 Kettering University receives multiple state and federal grants. Central America and the Caribbean 0 0 Investments 4308648 Europe (including Iceland and Greenland) 0 0 Investments 1019168 Europe (including Iceland and Greenland) 0 1 Program Services Online instructor 49350 0 1 5377166 0 0 0 1 1 0 1 SEOG Financial Aid 211 290861 0 Donor Restricted Annual Scholarships 146 1848857 0 Endowed Scholarships 506 1473147 0 Schedule I, Part I, Line 2 The grants are distributed to the student accounts as payments to offset tuition costs. X X X 1 1 0 0 0 0 0 0 0 1 0 Robert K McMahan President 518624 0 100000 0 46730 0 74750 0 125354 0 865458 0 0 0 James Zhang Provost 247611 0 21160 0 2542 0 22850 0 19353 0 313516 0 0 0 Thomas W Ayers Treasurer 230807 0 21300 0 4662 0 21427 0 20275 0 298471 0 0 0 Donald Rockwell University Counsel 160569 0 0 0 2210 0 13765 0 11685 0 188229 0 0 0 Susan Davies VP University Advancement & External Relations 215167 0 21050 0 11075 0 20005 0 19715 0 287012 0 0 0 Cornelius Darcy VP Marketing, Communication & Enrollment 212556 0 10520 0 3270 0 19500 0 10850 0 256696 0 0 0 Christine Wallace Vice President Kettering Global 165185 0 20893 0 5043 0 15600 0 20780 0 227501 0 0 0 Craig Hoff Dean of College of Engineering 176568 0 0 0 2505 0 16546 0 19963 0 215582 0 0 0 Michael Smith Dean School of Managment 172036 0 0 0 5056 0 15784 0 18096 0 210972 0 0 0 Bassem Ramadan Department Head - Mechanical Engineering 161166 0 0 0 1272 0 13407 0 7033 0 182878 0 0 0 Scott Grasman Department Head - Industrial Engineering 145730 0 0 0 450 0 13534 0 21302 0 181016 0 0 0 Jane Homsher VP Student Life & Dean of Students 143732 0 7350 0 3464 0 13306 0 10251 0 178103 0 0 0 Schedule J, Part I, Line 1a Residence is provided to President in which he is required by the Board of Trustees to reside as a condition of employment. Schedule J, Part I, Line 7 Performance bonuses paid to employees as listed in Schedule J, Part II, Column B(ii) Schedule J, Part II Line 1, column B(ii) - Amount shown is performance based bonus paid to President Robert K McMahan as solely determined by the Board of Trustees. Schedule J, Part II, Line 1, Column C - Amount shown includes $50,000 allowance for deferred compensation that will not be received by President Robert K McMahan until a future year contingent on contractual conditions authorized by the Board of Trustees being met. Schedule J, Part II, Line 1, Column D - Non-taxable Benefits for President Robert K McMahan include: $62,154 in tuition waiver benefits provided to the employee's family members and required to be reported as a non-taxable benefit on this schedule. $36,515 representing the estimated benefit value of the President's House in which the President is required by the Board of Trustees to reside as a condition of employment and is required to be reported as a non-taxable benefit on this schedule. X 1 Documentation supplied by donor X 18 1109980 Avg high and low share price X Lab equipment 6 29242 Documentation supplied by donor X Trustee travel 7 9156 Documentation supplied by donor 0 0 1 0 Form 990, Part VI, Section B, Line 11b Kettering University reviews the form with the Committee for Audit and Compliance and provides an electronic copy to all Board of Trustees members prior to filing the form 990. Form 990, Part VI, Section B, Line 12c Annual conflict of interest policy is distributed annually and required to be signed by all. Reviewed by HR (faculty and staff) and President's Office (trustees). Form 990, Part VI, Section B, Line 15 Board of Trustees hired a search firm to conduct the Presidential search. Benchmarking and market data was used to determine compensation package offered and contract renewals. All increases to compensation are reviewed and approved by the executive committee of the Board. Form 990, Part VI, Section C, Line 19 Kettering University's governing documents, conflict of interest policy (code of ethics) and financial statements are available on its website www.kettering.edu for public inspection as well as available in hard copy form in the Office of Administration and Finance as well as upon request. Form 990, Part IX, Line 11g Contracted Services $6,275,098; Kettering University online service firm $2,225,098; Misc $355,444 Form 990, Part XI, Line 9 Change in fair value - Beneficial Interest Trusts