2018-08-20T15:26:24-05:00 2017-12-31 420714325 RSM US LLP PO BOX 5946 MADISON WI 537050946 990 2017-01-01 271503981 HERZING UNIVERSITY LTD HERZ 4142718103 W140 N8917 LILLY ROAD MENOMONEE FALLS WI 53051 ROBERT HERZOG CFO/TREASURER/SECRETARY 4142715165 2018-08-17 1 JAMES G GRAHAM P00006111 6088332612 2017 2022-09-23 18:48:47Z RENEE HERZING W140 N8917 LILLY ROAD MENOMONEE FALLS WI 53051 133381151 0 X WWW.HERZING.EDU X 2009 WI HERZING UNIVERSITY IS A REGIONALLY-ACCREDITED, PRIVATE CAREER UNIVERSITY THAT PROVIDES EDUCATIONAL PROGRAMS AT THE CERTIFICATE, UNDERGRADUATE, AND GRADUATE LEVELS FOR A DIVERSE STUDENT POPULATION IN TRADITIONAL, NON-TRADITIONAL AND ONLINE DELIVERY FORMATS. THE CORPORATE ADMINISTRATIVE OFFICE AND ONLINE OPERATIONS SUPPORT OFFICE ARE LOCATED IN SUBURBAN MILWAUKEE, WI WITH A SECONDARY ONLINE OPERATIONS SUPPORT OFFICE IN CHICAGO, IL AND ELEVEN CAMPUSES LOCATED THROUGHOUT THE UNITED STATES. THROUGH QUALITY TEACHING AND LEARNING, THE UNIVERSITY IS COMMITTED TO PROVIDE STUDENTS WITH OPPORTUNITIES TO DEVELOP THE KNOWLEDGE, UNDERSTANDING AND SKILLS NECESSARY FOR SUCCESSFUL EMPLOYMENT. COMMITTED TO THE PHILOSOPHY OF PUTTING STUDENTS AT THE CENTER OF THE UNIVERSITY MISSION, HERZING UNIVERSITY PREPARES GRADUATES FOR CAREERS IN TECHNOLOGY, BUSINESS, HEALTHCARE, AND PUBLIC SAFETY. 9 8 1637 0 0 0 48040246 6008 127411360 122312779 -164510 1407710 0 0 175287096 123726497 12513239 11264879 0 0 54711294 52860739 0 0 0 53630659 51855993 120855192 115981611 54431904 7744886 114422164 107278854 51525583 35409840 62896581 71869014 X IT IS THE MISSION OF HERZING UNIVERSITY TO PROVIDE HIGH-QUALITY UNDERGRADUATE AND GRADUATE DEGREES AND DIPLOMA PROGRAMS TO PREPARE A DIVERSE AND GEOGRAPHICALLY DISTRIBUTED STUDENT POPULATION TO MEET THE NEEDS OF EMPLOYERS IN TECHNOLOGY, BUSINESS, HEALTHCARE, AND PUBLIC SAFETY. CAREER-ORIENTED DEGREE PROGRAMS INCLUDE A COMPLIMENTARY AND INTEGRATED GENERAL EDUCATION CURRICULUM ESTABLISHED TO STIMULATE STUDENTS' INTELLECTUAL GROWTH, TO CONTRIBUTE TO THEIR PERSONAL DEVELOPMENT, AND TO ENHANCE THEIR POTENTIAL FOR CAREER ADVANCEMENT. 0 0 104486666 11264879 123299980 HERZING UNIVERSITY PROVIDES EDUCATIONAL PROGRAMS AT THE CERTIFICATE, UNDERGRADUATE, AND GRADUATE LEVELS FOR A DIVERSE STUDENT POPULATION IN TRADITIONAL, NON-TRADITIONAL AND ONLINE DELIVERY FORMATS. THROUGH QUALITY TEACHING AND LEARNING, THE UNIVERSITY IS COMMITTED TO PROVIDE STUDENTS WITH OPPORTUNITIES TO DEVELOP THE KNOWLEDGE, UNDERSTANDING AND SKILLS NECESSARY FOR SUCCESSFUL EMPLOYMENT. COMMITTED TO THE PHILOSOPHY OF PUTTING STUDENTS AT THE CENTER OF THE UNIVERSITY MISSION, HERZING UNIVERSITY PREPARES GRADUATES FOR CAREERS IN TECHNOLOGY, BUSINESS, HEALTHCARE, AND PUBLIC SAFETY. 104486666 1 0 0 1 0 0 0 0 0 0 1 0 0 0 1 1 1 0 1 0 0 0 1 0 0 0 0 0 1 1 0 0 0 0 0 0 0 1 0 0 0 0 0 1 0 0 0 1 238 0 1 1637 1 0 1 CA 0 0 0 0 0 0 0 0 X 9 8 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 1 1 1 0 WI X ROBERT HERZOG 4142715165 W140 N8917 LILLY ROAD MENOMONEE FALLS WI 53051 MARK AMBROSIUS TRUSTEE 1.00 X 13100 0 0 WENDY BAUMANN TRUSTEE 1.00 X 13500 0 0 JOSEPH FROEHLICH TRUSTEE/CHAIRPERSON 1.00 X 18100 0 0 ERIN HARENG TRUSTEE 1.00 X 12300 0 0 JOSEPH PETER HEFFERNAN TRUSTEE 1.00 X 13100 0 0 HENRY HERZING TRUSTEE 1.00 X 11900 0 0 CHERYL KING TRUSTEE 1.00 X 13100 0 0 MARGARET LEE TRUSTEE 1.00 X 15300 0 0 PATRICIA TODUS TRUSTEE/VICE CHAIRPERSON 1.00 X 14700 0 0 RENEE HERZING PRESIDENT/CEO 40.00 X 347047 0 32023 KATHERINE KAUTZER PROVOST 40.00 X 287000 0 12788 ROBERT HERZOG CFO/TREASURER/SECRETARY 40.00 X 284891 0 24120 NIGEL LONGWORTH CIO/CAMPUS PRESIDENT 40.00 X 305600 0 30977 MICHAEL WIMER VP OF ADMISSIONS 40.00 X 165555 0 11453 SHEA STICKLER VP OF MARKETING 40.00 X 181889 0 19580 JASON MORGAN CAMPUS PRESIDENT 40.00 X 175122 0 11955 MLADEN GRGIC VP OF INFORMATION TECHNOLO 40.00 X 164508 0 19863 HEATHER ANTONACCI CAMPUS PRESIDENT 40.00 X 158674 0 17068 JANET SABRI ASSOCIATE PROVOST OF REGISTRAR SERVICES 40.00 X 146946 0 19197 2342332 0 199024 11 0 1 0 GOOGLE INC 1600 AMPHITHEATRE PARKWAY MOUNTAIN VIEW CA 94043 ADVERTISING 3858050 HIGHER EDUCATIONCOM 1001 MCKINNEY STREET SUITE 400 HOUSTON TX 77002 ADVERTISING 1996225 MICROSOFT ONLINE INC 6100 NEIL RD STE 100 RENO NV 89511 ADVERTISING 1352311 ASSESSMENT TECHNOLOGIES INSTITUTE LLC 11161 OVERBROOK RD LEAWOOD KS 66211 ASSESSMENT TESTING 1112829 SHI INTERNATIONAL CORP 290 DAVIDSON AVENUE SOMERSET NJ 08873 SOFTWARE MAINTENANCE 907349 64 6008 6008 TUITION INCOME 900099 119448457 119448457 OTHER INCOME 900099 2864322 2864322 122312779 420509 420509 10598137 43718 9470084 184570 1128053 -140852 987201 987201 123726497 123299980 0 420509 11156771 11156771 108108 108108 1626554 1626554 46290184 43002487 3287697 1301488 1246461 55027 3642513 3293306 349207 152433 152433 326173 326173 3434791 1922489 1512302 17758202 16923573 834629 1389668 1203090 186578 987346 951065 36281 5686560 4426440 1260120 1717407 1381113 336294 1222859 1020031 202828 3122591 2604667 517924 5235811 4719278 516533 TEXTBOOKS 3524745 3524745 BAD DEBT EXPENSE 3390161 3390161 ASSESSMENT EXPENSE 1938151 1938151 STUDENT EXPENSES 745664 745664 1223431 929066 294365 115981611 104486666 11494945 0 15178952 6474799 648686 500763 39597 0 1172116 1801535 36687488 7355268 30449749 29332220 15483216 17777412 51449848 51392125 114422164 107278854 8373409 7631615 893553 683112 42000000 1272 26921693 257349 173420 51525583 35409840 X 62137740 71111564 225176 223785 533665 533665 62896581 71869014 114422164 107278854 7744886 1227547 0 X X 0 1 X 1 0 X X 52580 52580 104434086 104486666 1000000 250000 0 0 1000000 1000000 2000000 3000000 2516 52580 55096 250000 250000 500000 750000 607659 6075 613734 601764 5895 607659 589943 20736 8915 601764 579878 10065 589943 267820 240982 71076 579878 0.86950 0.13050 0 0 5135385 5135385 17441027 1165389 16275638 6133297 3116266 3017031 7340819 3073613 4267206 636960 636960 29332220 CAPITAL LEASE PAYABLE 72599 DEFERRED RENT 100821 173420 X 110243840 1227547 1227547 109016293 14710204 14710204 123726497 101271407 0 101271407 14710204 14710204 115981611 PART X, LINE 2: THE UNIVERSITY HAS RECEIVED NOTIFICATION THAT IT QUALIFIES AS A TAX-EXEMPT ORGANIZATION UNDER SECTION 501(C)(3) OF THE U.S. INTERNAL REVENUE CODE AND CORRESPONDING PROVISIONS OF STATE LAW AND, ACCORDINGLY, IS NOT SUBJECT TO FEDERAL OR STATE INCOME TAXES. THE ACCOUNTING STANDARD ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES ADDRESSES THE DETERMINATION OF WHETHER TAX BENEFITS CLAIMED OR EXPECTED TO BE CLAIMED ON A TAX RETURN SHOULD BE RECORDED IN THE FINANCIAL STATEMENTS. UNDER THIS GUIDANCE, THE UNIVERSITY MAY RECOGNIZE THE TAX BENEFIT FROM AN UNCERTAIN TAX POSITION ONLY IF IT IS MORE LIKELY THAN NOT THAT THE TAX POSITION WILL BE SUSTAINED ON EXAMINATION BY TAXING AUTHORITIES, BASED ON THE TECHNICAL MERITS OF THE POSITION. EXAMPLES OF TAX POSITIONS INCLUDE THE TAX-EXEMPT STATUS OF THE UNIVERSITY AND VARIOUS POSITIONS RELATED TO THE POTENTIAL SOURCES OF UNRELATED BUSINESS TAXABLE INCOME. AS OF DECEMBER 31, 2017, THERE WERE NO UNRECOGNIZED TAX BENEFITS IDENTIFIED OR RECORDED AS LIABILITIES. THE UNIVERSITY WILL ANNUALLY FILE FORM 990 IN THE U.S. FEDERAL JURISDICTION AND IN THE STATE OF WISCONSIN. THE UNIVERSITY IS NO LONGER SUBJECT TO U.S. FEDERAL INCOME TAX EXAMINATIONS FOR YEARS ENDED THROUGH DECEMBER 31, 2013. THE UNIVERSITY IS NO LONGER SUBJECT TO WISCONSIN INCOME TAX EXAMINATIONS FOR YEARS ENDED THROUGH DECEMBER 31, 2012. PART XI, LINE 4B - OTHER ADJUSTMENTS: GRANTS TO INDIVIDUALS 11,264,879. ALLOCATED REVENUE IN AUDIT 3,445,325. PART XII, LINE 4B - OTHER ADJUSTMENTS: GRANTS TO INDIVIDUALS 11,264,879. ALLOCATED REVENUE IN AUDIT 3,445,325. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 SCHEDULE E, PART I, LINE 3 HERZING UNIVERSITY LTD. HAS ADOPTED A RACIALLY NONDISCRIMINATORY POLICY THAT COMPLIES WITH REVENUE PROCEDURE 75-50, AND HAS PUBLICIZED THE POLICY AS REQUIRED BY THE REVENUE PROCEDURE. THE UNIVERSITY'S RACIALLY NONDISCRIMINATORY POLICY IS INCLUDED IN ALL COURSE CATALOGS AND THE ADMISSION APPLICATION FORM. A LINK TO THE POLICY APPEARS ON EACH WEB PAGE IN THE UNIVERSITY'S WEBSITE, WWW.HERZING.EDU. 1 0 0 0 0 0 0 0 0 0 INSTITUTIONAL SCHOLARSHIPS EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIU 1 500 TUITION DISCOUNTS INSTITUTIONAL SCHOLARSHIPS NORTH AMERICA - CANADA AND MEXICO, BUT NOT THE UNITED STATES 1 7680 TUITION DISCOUNTS INSTITUTIONAL SCHOLARSHIPS EAST ASIA AND THE PACIFIC - AUSTRALIA, BRUNEI, BURMA, CAMBODIA, 9 9180 TUITION DISCOUNTS INSTITUTIONAL SCHOLARSHIPS SOUTH ASIA - AFGHANISTAN, BANGLADESH, BHUTAN, INDIA, MALDIVES, NEPAL, 19 72438 TUITION DISCOUNTS INSTITUTIONAL SCHOLARSHIPS SOUTH AMERICA - ARGENTINA, BOLIVIA, BRAZIL, CHILE, COLUMBIA, ECUADOR, 1 1500 TUITION DISCOUNTS INSTITUTIONAL SCHOLARSHIPS RUSSIA AND NEIGHBORING STATES 3 15310 TUITION DISCOUNTS INSTITUTIONAL SCHOLARSHIPS MIDDLE EAST AND NORTH AFRICA 1 1500 TUITION DISCOUNTS 0 0 0 0 0 0 1 SCHOLARSHIPS 10 10497 INSTITUTIONAL SCHOLARSHIPS 6559 11146274 PART I, LINE 2: SCHOLARSHIPS ARE TRACKED THROUGH THE UNIVERSITY'S STUDENT INFORMATION SYSTEM. FORM 990, SCHEDULE I, PART III: INSTITUTIONAL SCHOLARSHIPS ARE TRACKED THROUGH THE UNIVERSITY'S STUDENT INFORMATION SYSTEM. MOST, IF NOT ALL STUDENT SCHOLARSHIPS, ARE CREDITED TO THE STUDENTS' ACCOUNTS WITHOUT FUNDS PASSING THROUGH THE STUDENTS' HANDS. X 1 1 X X X X X 1 0 0 0 0 0 0 0 0 RENEE HERZING PRESIDENT/CEO 276697 0 70000 0 350 0 18790 0 13233 0 379070 0 0 0 KATHERINE KAUTZER PROVOST 262000 0 25000 0 0 0 12385 0 403 0 299788 0 0 0 ROBERT HERZOG CFO/TREASURER/SECRETARY 254541 0 30000 0 350 0 10921 0 13199 0 309011 0 0 0 NIGEL LONGWORTH CIO/CAMPUS PRESIDENT 255250 0 50000 0 350 0 20015 0 10962 0 336577 0 0 0 MICHAEL WIMER VP OF ADMISSIONS 145555 0 20000 0 0 0 4382 0 7071 0 177008 0 0 0 SHEA STICKLER VP OF MARKETING 171889 0 10000 0 0 0 7720 0 11860 0 201469 0 0 0 JASON MORGAN CAMPUS PRESIDENT 154750 0 20105 0 267 0 7253 0 4702 0 187077 0 0 0 MLADEN GRGIC VP OF INFORMATION TECHNOLO 164298 0 0 0 210 0 6888 0 12975 0 184371 0 0 0 HEATHER ANTONACCI CAMPUS PRESIDENT 144302 0 14022 0 350 0 6475 0 10593 0 175742 0 0 0 JANET SABRI ASSOCIATE PROVOST OF REGISTRAR SERVI 146786 0 0 0 160 0 5618 0 13579 0 166143 0 0 0 PART I, LINE 1A HERZING UNIVERSITY PROVIDES A COMPANYWIDE WELLNESS PROGRAM THAT OFFERS, AMONG OTHER THINGS, PARTIAL REIMBURSEMENT FOR HEALTH CLUB MEMBERSHIP. FORM 990, SCHEDULE J, PART I, LINE 4A: MICHAEL WIMER SEVERANCE PAYMENT: 32,365 HERZING HOLDINGS II INC SEE BELOW 42000000 RETIREMENT OF LOAN ASSOCIATED WITH PURCHASE OF UNIVERSITY OPERATIONS FROM HERZING HOLDINGS II. 0 HERZING HOLDINGS II INC SEE BELOW 48581 ADMINISTRATIVE SERVICES AGREEMENT. 0 SCH L, PART IV, HERZING HOLDINGS II, COLUMN (B) OWNERS INCLUDE PRESIDENT/CEO RENEE HERZING, GRANTOR TRUSTS ESTABLISHED BY TRUSTEE HENRY HERZING AND RENEE HERZING FOR BENEFIT OF DESCENDANTS OF HENRY HERZING, TRUSTEE HENRY HERZING, SUZANNE HERZING, WIFE OF HENRY HERZING, AND STACEY HERZING, DAUGHTER OF HENRY HERZING. FORM 990, PART VI, SECTION A, LINE 2 HENRY HERZING, A TRUSTEE, AND RENEE HERZING THE PRESIDENT AND CEO, ARE FATHER AND DAUGHTER, RESPECTIVELY. FORM 990, PART VI, SECTION B, LINE 11B A COPY OF THE 990 IS PROVIDED TO EACH BOARD MEMBER FOR REVIEW PRIOR TO SUBMITTING IT TO THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C ALL CONFLICT OF INTEREST STATEMENTS WERE REVIEWED BY THE BOARD'S GOVERNANCE/NOMINATING COMMITTEE. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION IS REVIEWED ANNUALLY BY BOARD OF DIRECTORS COMPENSATION COMMITTEE. FORM 990, PART VI, SECTION C, LINE 19 THIS INFORMATION IS NOT MADE PUBLIC. FORM 990, PART XII, LINE 2C: NO CHANGES FROM PRIOR YEAR. MEDICAL TECHNOLOGY MANAGEMENT INSTITUTE W140 N8917 LILLY ROAD MENOMONEE FALLS WI 53051 391658622 EDUCATIONAL SEMINARS AND VIDEOS WI HERZING UNIVERSITY LTD C 2014252 1.00000 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0