2018-11-09T09:04:49-06:00 2018-06-30 410746749 CLIFTONLARSONALLEN LLP 4501 TAMIAMI TRAIL NORTH SUITE 200 NAPLES FL 34103 990 2017-07-01 596605703 HODGES UNIVERSITY INC HODG 8004668017 2647 PROFESSIONAL CIRCLE NAPLES FL 34119 ERICA M VOGT EXECUTIVE VICE PRESIDENT 2395986221 2018-10-23 1 LAUREN BALLARD CPA P01451787 2392628686 2018-10-21 67.137.57.251 2018-10-23 09:04:25 ED P 2AEB61507DCC7F9CD840C370178C53350C3F626D 7FA111DA1DF952C3932DE9B02872546115851591 2017 2019-02-21 02:37:17Z JOHN MEYER 2647 PROFESSIONAL CIRCLE NAPLES FL 34119 41323510 0 X WWW.HODGES.EDU X 1990 FL PREPARES STUDENTS TO LEVERAGE LEARNING IN THEIR PERSONAL, PROFESSIONAL AND CIVIC ENDEAVORS 13 13 367 37 0 0 376217 512085 26551393 22922098 277861 250098 -15988 105161 27189483 23789442 2411212 2332000 0 0 12864745 11748586 0 0 198133 10762784 10925975 26038741 25006561 1150742 -1217119 83175761 80313516 31479293 30544844 51696468 49768672 X PREPARES STUDENTS TO LEVERAGE HIGHER LEARNING IN THEIR PERSONAL, PROFESSIONAL, AND CIVIC ENDEAVORS. 0 0 20866197 2332000 22866976 HODGES UNIVERSITY WILL BE RECOGNIZED FOR EXCELLENCE IN CAREER-FOCUSED INCLUSIVE EDUCATION AND COMMUNITY ENGAGEMENT. HODGES UNIVERSITY, A PRIVATE, NONPROFIT INSTITUTION OF HIGHER LEARNING, IS ACCREDITED BY THE SOUTHERN ASSOCIATION OF COLLEGES AND SCHOOLS COMMISSION ON COLLEGES TO AWARD ASSOCIATE, BACHELOR'S, AND MASTER'S DEGREES.THE UNIVERSITY OFFERS FLEXIBLE SCHEDULES OF DAY, EVENING AND ONLINE CLASSES; CAREER COUNSELING; AND HANDS-ON SUPPORT FROM A HIGHLY QUALIFIED FACULTY. ALL OF THESE FACTORS CULMINATE TO PRODUCE A LEARNING ENVIRONMENT UNLIKE ANY OTHER INSTITUTION IN THE REGION.CONTINUED ON SCHEDULE ODEGREES:5 MASTER'S DEGREES (ALL MASTER'S DEGREES ARE AVAILABLE AS A TOTALLY ONLINE PROGRAM)15 BACHELOR'S DEGREES (13 BACHELOR'S DEGREES ARE AVAILABLE AS A TOTALLY ONLINE PROGRAM)1 ASSOCIATE IN ARTS DEGREE (AVAILABLE AS A TOTALLY ONLINE PROGRAM)9 ASSOCIATE IN SCIENCE DEGREES (7 ASSOCIATE DEGREES ARE AVAILABLE AS A TOTALLY ONLINE PROGRAM)5 GRADUATE CERTIFICATE PROGRAMS12 UNDERGRADUATE CERTIFICATE PROGRAMS26 DEGREES ARE AVAILABLE AS A TOTALLY ONLINE PROGRAM (SEE ABOVE)CONTINUING EDUCATION:ENGLISH AS A SECOND LANGUAGE CERTIFICATE PROGRAMPROFESSIONAL EFFECTIVENESS CERTIFICATE PROGRAMHODGES UNIVERSITY SCHOOLS:FISHER SCHOOL OF TECHNOLOGYJOHNSON SCHOOL OF BUSINESSNICHOLS SCHOOL OF PROFESSIONAL STUDIESSCHOOL OF HEALTH SCIENCESSCHOOL OF LIBERAL STUDIES 20866197 1 1 0 0 0 0 0 0 0 1 1 0 0 0 0 1 1 0 1 1 0 0 0 0 0 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 71 0 367 1 0 0 0 0 0 0 0 0 0 0 X 13 13 0 0 1 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X ERICA M VOGT 2395986221 2647 PROFESSIONAL CIRCLE NAPLES FL 34119 JOHN J AGNELLI CHAIR 5.00 X X 0 0 0 KEITH ARNOLD VICE CHAIRMAN 5.00 X X 0 0 0 MICHAEL PRIOLETTI TRUSTEE 5.00 X 0 0 0 WILLIAM BARTON TRUSTEE 5.00 X 0 0 0 GILLIAN CUMMINGS-BECK TRUSTEE 5.00 X 0 0 0 TODD GATES TRUSTEE 5.00 X 0 0 0 LESLIE KING TRUSTEE 5.00 X 0 0 0 GERALD MCHALE TRUSTEE 5.00 X 0 0 0 JERRY NICHOLS TRUSTEE 5.00 X 0 0 0 RICHARD PITBLADDO TRUSTEE 5.00 X 0 0 0 CLYDE QUINBY TRUSTEE 5.00 X 0 0 0 SANDRA STILWELL TRUSTEE 5.00 X 0 0 0 GARY TRIPPE TRUSTEE - RESIGNED 06/15/18 5.00 X 0 0 0 VICKI TRACY TRUSTEE - APPOINTED 5/15/18 5.00 X 0 0 0 DONALD WORTHAM PRESIDENT - RESIGNED 12/15/17 40.00 X 262520 0 11137 JOHN MEYER PRESIDENT - APPOINTED 12/15/17 40.00 X 122896 0 6643 ERICA VOGT EVP OF OPERATIONS, CFO 40.00 X 165881 0 9688 BRENT PASSEY VP OF ADMISSIONS AND MARKETING 40.00 X 138081 0 9271 AYSEGUL TIMUR SVP OF ACADEMIC AFFAIRS 40.00 X 143918 0 9359 TRACEY LANHAM ASSOCIATE DEAN 40.00 X 129194 0 9138 CAROL MORRISON SVP STUDENT SERVICES 40.00 X 131775 0 9176 MIGUEL RIVERA PROGRAM CHAIR, ACCOUNTING 40.00 X 117045 0 8956 1211310 0 73368 14 0 1 0 COLLEGIS LLC 1415 W 22ND ST SUITE 400 OAK BROOK IL 60523 ADVERTISING 853129 ELLUCIAN COMPANY LLC 4 COUNTRY VIEW ROAD MALVERN PA 19355 SOFTWARE SERVICES 468001 BLACKBOARD 3815 RIVER CROSSING PKWY INDIANAPOLIS IN 46240 SOFTWARE SERVICES 372093 GOOGLE INC 1600 AMPHITHEATRE PKWY MOUNTAIN VIEW CA 94043 ADVERTISING 322531 G4S SECURE SOLUTIONS 1395 UNIVERSITY BLVD JUPITER FL 33458 SECURITY SERVICES 239668 11 3130 508955 4082 512085 TUITION AND FEES 611600 22922098 22922098 22922098 350716 350716 151939 0 151939 151939 151939 17363059 17460833 2844 -97774 -2844 -100618 -100618 2350 3130 2764 -414 -414 12505 67627 -55122 -55122 VENDING MACHINE 900099 7265 7265 COPY SERVICES 900099 1292 1292 VIRTUAL BOOKSTORE COMMISSION 900099 201 201 8758 23789442 22866976 0 410381 20045 20045 2311955 2311955 816100 106191 709909 9530318 9187485 196657 146176 626959 540974 74863 11122 775209 688212 76056 10941 81791 81791 65033 65033 14361 14361 878344 745399 128914 4031 1378178 1378178 749089 300770 436680 11639 1672136 765320 906816 863268 863268 155792 118600 25902 11290 57893 52159 4174 1560 1628885 1628885 1932203 1932203 305960 305960 INSTRUCTIONAL MATERIALS 728597 728597 LIBRARY RESOURCES 195976 195976 DUES AND SUBSCRIPTIONS 121859 70136 50821 902 GRADUATION EXPENSES 39816 39816 56794 55296 1026 472 25006561 20866197 3942231 198133 4930209 5969335 381376 490438 9036009 9147229 3505962 2145902 57892 61693 883153 833618 66930491 22170421 45711059 44760070 18658301 16893431 11800 11800 83175761 80313516 1613604 1046655 3367376 3264597 26498313 26103757 129835 31479293 30544844 X 38518450 36465670 10194299 10319283 2983719 2983719 51696468 49768672 83175761 80313516 X -1217119 -124422 -586255 X 0 1 X 1 1 1 X 2820938 5698 2826636 2818695 2243 2820938 2745821 72874 2818695 2754843 -9022 2745821 4503091 53639 1896034 94147 2566549 1.00000 0 0 10332284 10332284 41324120 9295027 32029093 15270396 12872010 2398386 3691 3384 307 44760070 X 21424095 -124422 15000 70391 -39031 21463126 14361 2311955 2326316 23789442 23351891 15000 656646 671646 22680245 14361 2311955 2326316 25006561 PART V, LINE 4: THE UNIVERSITY HAS DONOR RESTRICTED ENDOWMENT FUNDS ESTABLISHED FOR THE PURPOSE OF PROVIDING SCHOLARSHIPS FOR STUDENTS AND SUPPORTING THE OPERATIONS OF THE UNIVERSITY. PART X, LINE 2: THE UNIVERSITY FOLLOWS THE INCOME TAX STANDARD FOR UNCERTAIN TAX POSITIONS, AND AS A RESULT, THE UNIVERSITY EVALUATED ITS TAX POSITIONS AND DETERMINED IT HAS NO UNCERTAIN TAX POSITIONS AS OF JUNE 30, 2018 AND 2017. PART XI, LINE 2D - OTHER ADJUSTMENTS: DIRECT FUNDRAISING AND RAFFLE EXPENSES REPORTED ON PART VIII 2,764. COST OF GOODS SOLD OF BOOKSTORE OPERATION REPORTED ON PART VIII 67,627. PART XI, LINE 4B - OTHER ADJUSTMENTS: INSTITUTIONAL AID REPORTED ON PART IX 2,311,955. PART XII, LINE 2D - OTHER ADJUSTMENTS: UNCOLLECTIBLE ACCOUNTS REPORTED ON PART XI 586,255. COST OF GOODS SOLD OF BOOKSTORE OPERATION REPORTED ON PART VIII 67,627. DIRECT FUNDRAISING AND RAFFLE EXPENSES REPORTED ON PART VIII 2,764. PART XII, LINE 4B - OTHER ADJUSTMENTS: INSTITUTIONAL AID REPORTED ON PART IX 2,311,955. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 THE UNIVERSITY'S POLICY STATEMENT IS INCLUDED IN ITS MESSAGE TO THE PUBLIC: HODGES UNIVERSITY DOES NOT DISCRIMINATE ON THE BASIS OF RACE, COLOR, RELIGION, GENDER, SEXUAL ORIENTATION, NATIONAL ORIGIN, AGE, OR DISABILITY IN THE PROVISION OF EDUCATIONAL OPPORTUNITIES OR EMPLOYMENT OPPORTUNITIES AND BENEFITS. ALL MEMBERS OF THE UNIVERSITY COMMUNITY ARE VALUED EQUALLY. HODGES UNIVERSITY DOES NOT DISCRIMINATE ON THE BASIS OF SEX OR DISABILITY IN THE EDUCATION PROGRAMS AND ACTIVITIES THAT IT OPERATES, PURSUANT TO THE REQUIREMENTS OF ALL APPLICABLE FEDERAL AND STATE LEGISLATION AND REGULATIONS INCLUDING, BUT NOT LIMITED TO, TITLE IX OF THE EDUCATION AMENDMENTS OF 1972, SECTION 504 OF THE REHABILITATION ACT OF 1973, AND THE AMERICANS WITH DISABILITIES ACT OF 1990. THIS POLICY EXTENDS TO BOTH EMPLOYMENT BY AND ADMISSION TO HODGES UNIVERSITY. SCHEDULE E, PART I, LINE 6 HODGES UNIVERSITY, INC. PARTICIPATES IN BOTH STATE AND FEDERAL STUDENT FINANCIAL ASSISTANCE PROGRAMS. VIRTUALLY ALL FUNDS RECEIVED THROUGH THESE PROGRAMS ARE IMMEDIATELY CREDITED TO STUDENT ACCOUNTS FOR PAYMENT OF TUITION, FEES AND BOOKS. EXCESS FUNDS ARE DELIVERED TO STUDENTS ACCORDING TO PROGRAM REQUIREMENTS. SOME PROGRAMS PROVIDE A SMALL ADMINISTRATIVE ALLOWANCE FOR THE INSTITUTION. 1 EDUCATION FOUDATION - CHAMPIONS FOR LEARNING 3606 ENTERPRISE AVE SUITE 150 NAPLES FL 34104 650230582 501(C)(3) 5500 0 N/A N/A NIGHT OF CHAMPIONS AND GOLDEN APPLE SPONSORSHIPS 1 INSTITUTIONAL AID, INCLUDING SCHOLARSHIPS, ASSISTANTSHIPS, AND TUITION WAIVERS 1925 2311955 0 N/A N/A PART I, LINE 2: HODGES UNIVERSITY PARTICIPATES IN VARIOUS LOCAL SPONSORSHIPS TO ORGANIZATIONS ANNUALLY BASED ON OUR ABILITY AND CURRENT ECONOMIC SITUATION. BECAUSE THE SPONSORSHIPS ARE FOR GENERAL OPERATING SUPPORT, NO MONITORING IS REQUIRED. HODGES UNIVERSITY PARTICIPATES IN BOTH STATE AND FEDERAL STUDENT FINANCIAL ASSISTANCE PROGRAMS. VIRTUALLY ALL FUNDS RECEIVED ARE IMMEDIATELY CREDITED TO STUDENT ACCOUNTS FOR PAYMENT OF TUITION, FEES AND BOOKS. EXCESS FUNDS ARE DELIVERED TO STUDENTS ACCORDING TO PROGRAM REQUIREMENTS. X X X X 1 0 0 0 0 0 0 0 0 DONALD WORTHAM PRESIDENT - RESIGNED 12/15/17 262520 0 0 0 0 0 3937 0 7200 0 273657 0 0 0 ERICA VOGT EVP OF OPERATIONS, CFO 165881 0 0 0 0 0 2488 0 7200 0 175569 0 0 0 AYSEGUL TIMUR SVP OF ACADEMIC AFFAIRS 143918 0 0 0 0 0 2159 0 7200 0 153277 0 0 0 PART I, LINE 4A DONALD WORTHAM, FORMER PRESIDENT, RECEIVED A SEVERANCE PAYMENT IN JANUARY 2018 OF $290,000 A COLLIER CO ED FAC AUTHORITY 650915682 19463TBC9 2013-11-14 28404134 REFUND BONDS AND FINANCE NEW BUILDING PURCHASE 0 0 0 A 1635000 28404134 2066550 517198 13133144 2014 0 1 1 1 A 0 0 0 0 0.05000 0.05000 0 0 0 A 0 0 0 0 0 0 0 0 0 A 1 X 4 173199 FMV STOCK QUOTE X SUPPLIES 3 891 ASSIGNED BY DONOR 0 1 0 PART I, LINE 33: STOCK DONATIONS OF $170,008 WERE RECEIVED AS PAYMENT TOWARDS A PRIOR YEAR PLEDGE. THEREFORE, THE STOCK DONATION RECEIVED WAS RECORDED AS A DECREASE TO THE PLEDGE RECEIVABLE AND NOT INCLUDED IN REVENUE. FORM 990, PART VI, SECTION A, LINE 1 THE UNIVERSITY'S EXECUTIVE COMMITTEE CONSISTS OF NO LESS THAN THREE BUT NO MORE THAN SIX MEMBERS OF THE BOARD OF TRUSTEES INCLUDING ONE OFFICER THAT IS APPOINTED BY THE EXECUTIVE COMMITTEE. THE EXECUTIVE COMMITTEE HAS THE AUTHORITY OF THE FULL BOARD OF TRUSTEES BETWEEN MEETINGS WITH ANY ACTIONS UNDERTAKEN TO BE RATIFIED BY THE FULL BOARD AT THE NEXT REGULARLY SCHEDULED MEETING. FORM 990, PART VI, SECTION A, LINE 4 THE FOLLOWING CHANGES WHERE MADE TO THE ORGANIZATIONS BYLAWS DURING THE TAX YEAR: THE NUMBER, COMPOSITION AND DUTIES OF THE GOVERNING BODY'S VOTING MEMBERS THE NUMBER, COMPOSITION AND DUTIES OF THE ORGANIZATION'S OFFICERS THE PROVISIONS TO AMEND THE BYLAWS THE QUORUM AND VOTING RIGHTS OF THE GOVERNING BODY MEMBERS THE POLICIES AND PROCEDURES CONTAINED WITHIN THE BYLAWS REGARDING COMPENSATION OF OFFICERS, CONFLICTS OF INTEREST, AND MAINTENANCE AND INSPECTION OF THE ORGANIZATION'S RECORDS AND REPORTS FORM 990, PART VI, SECTION B, LINE 11B MANAGEMENT WILL UNDERTAKE A COMPREHENSIVE REVIEW OF THE FORM 990 AND ITS SCHEDULES IMMEDIATELY UPON ITS COMPLETION, AND WILL ADDRESS ALL OF ITS QUESTIONS AND CONCERNS WITH THE PREPARER. UNIVERSITY POLICY PROVIDES FOR THE PROVISION OF A COPY OF THE COMPLETED RETURN TO ALL MEMBERS OF THE GOVERNING BOARD IN ADVANCE OF FILING. A VOTE OF THE FULL BOARD TO APPROVE OF THE TAX RETURN IS REQUIRED PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C ALL TRUSTEES, OFFICERS AND KEY EMPLOYEES ARE REQUIRED TO SUBMIT ANNUAL DISCLOSURE STATEMENTS. THE STATEMENTS ARE REVIEWED BY THE SENIOR MANAGEMENT AND THE INDEPENDENT AUDITOR TO DETERMINE IF ANY RELATIONSHIPS NEED TO BE DISCLOSED IN THE AUDITED FINANCIAL STATEMENTS OR THE FORM 990. IN CASE OF ANY POTENTIAL REAL OR PERCEIVED CONFLICT OF INTEREST, AFFILIATED PERSONS ARE EXPECTED TO DISCLOSE THE CONFLICT IN ADVANCE. ONCE SUCH A DISCLOSURE HAS BEEN MADE, THE CHAIRMAN OF THE BOARD OF TRUSTEES SHALL DETERMINE WHETHER OR NOT THERE IS A POTENTIAL CONFLICT OF INTEREST. IF IT IS DETERMINED THAT THERE IS A POTIENTIAL CONFLICT OF INTEREST, THE AFFILIATED PERSON INVOLVED SHALL ABSTAIN FROM VOTING AND SHALL NOT PARTICIPATE IN THE DISCUSSION OF THE MATTER AT ISSUE EXCEPT TO STATE BRIEFLY HIS OR HER POSITION IN THE MATTER AND TO ANSWER SPECIFIC QUESTIONS. THIS ABSTENTION SHALL BE REFLECTED IN THE MEETING MINUTES. FORM 990, PART VI, SECTION B, LINE 15 THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES DETERMINES THE COMPENSATION FOR THE PRESIDENT (CEO) AND THE EXECUTIVE VICE PRESIDENT OF ADMINISTRATIVE OPERATIONS, SECRETARY, AND TREASURER (ERICA VOGT). THE COMMITTEE CONSIDERS COMPARABILITY DATA AMONG MANY OTHER FACTORS TO DETERMINE THE APPROPRIATE COMPENSATION. THE COMMITTEE'S RECOMMENDATION MUST BE APPROVED BY THE FULL BOARD. THE LAST REVIEW WAS DONE IN 2018. FORM 990, PART VI, SECTION C, LINE 19 THE UNIVERSITY MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: UNCOLLECTIBLE ACCOUNTS -586,255.