2018-11-07T09:56:54-06:00 2018-06-30 141918990 TEMPLETON & COMPANY LLP 222 LAKEVIEW AVENUE SUITE 1200 WEST PALM BEACH FL 33401 990 2017-07-01 591092732 PALM BEACH ATLANTIC UNIVERSITY INC PALM 5618032083 901 S FLAGLER DRIVE WEST PALM BEACH FL 33401 JOHN KAUTZ III SR VP FINANCE ADMIN & PLANNING 5618032083 2018-11-07 1 RICHARD JUBACK P00630706 5617989988 12.10.57.174 2018-11-07 10:56:26 ES P 3A17A81C6A578EF79E6B68339AB71B64340CC4D5 886F59F7F62943644E5BC4D580CD249288E6A22D 2017 2019-02-21 02:37:17Z JOHN KAUTZ III 901 S FLAGLER DRIVE WEST PALM BEACH FL 33401 119495656 0 X HTTP://WWW.PBA.EDU/ X 1968 FL PBA IS A PRIVATE CHRISTIAN UNIVERSITY OFFERING UNDERGRADUATE, GRADUATE & PROFESSIONAL PROGRAMS. 29 29 1470 175 64682 56585 10223832 12699833 95449259 98571645 2584000 7605151 369014 444023 108626105 119320652 33584972 35029010 0 0 40099503 40294570 0 0 1501179 34746234 36196517 108430709 111520097 195396 7800555 218876299 221631922 50907837 47048480 167968462 174583442 X THE MISSION OF PALM BEACH ATLANTIC UNIVERSITY IS TO PREPARE STUDENTS FOR LIFELONG LEARNING AND LEADERSHIP BY OFFERING EXCELLENT UNDERGRADUATE, GRADUATE AND PROFESSIONAL PROGRAMS OF STUDY IN THE ARTS, HUMANITIES, SCIENCES AND SELECTED PROFESSIONS. 0 0 89237222 35029010 98571645 PALM BEACH ATLANTIC UNIVERSITY PROVIDES HIGHER EDUCATION TO APPROXIMATELY 3,843 FULL AND PART TIME STUDENTS IN 50 UNDERGRADUATE, 9 GRADUATE, AND 3 PROFESSIONAL DEGREE PROGRAMS. CONTINUING EDUCATION, STUDENT HOUSING, A DINING HALL, A BOOKSTORE, AND OTHER AUXILIARY SERVICES ARE PROVIDED FOR THE STUDENTS CONVENIENCE. FINANCIAL AID IS PROVIDED TO APPROXIMATELY 3,419 STUDENTS. 89237222 1 1 0 0 0 0 0 1 0 1 1 0 0 0 1 1 1 0 1 0 1 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 1 1 1 1 0 0 0 0 1 0 0 0 1 155 0 1 1470 1 1 1 0 0 0 0 1 1 0 0 0 0 X 29 29 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 FL X X CARLA CROW 5618032155 901 S FLAGLER DR WEST PALM BEACH FL 33401 REV WALTER B ARNOLD III TRUSTEE 1.00 X 0 0 0 GINGER BILLS TRUSTEE 1.00 X 0 0 0 CHANDRA BILL-RABENECKER TRUSTEE 1.00 X 0 0 0 WILLIAM BLODGETT TREASURER 1.00 X X 0 0 0 WILLIAM BRADFORD TRUSTEE 1.00 X 0 0 0 CATHY BURK TRUSTEE 1.00 X 0 0 0 SCOTT CAHILL TRUSTEE 1.00 X 0 0 0 WAYNE W COTTON TRUSTEE 1.00 X 0 0 0 CHARLES DORSEY JR TRUSTEE EMERITUS (NON-VTG) 1.00 X 0 0 0 MERRILL EASTMAN TRUSTEE 1.00 X 0 0 0 JOHN P GREENE III TRUSTEE (NON-VTG) 1.00 X 0 0 0 JOHN GREGORY TRUSTEE 1.00 X 0 0 0 DANIEL A HANLEY TRUSTEE 1.00 X 0 0 0 SCOTT G HAWKINS TRUSTEE 1.00 X 0 0 0 JAMES C JENKINS BOARD CHAIR 1.00 X X 0 0 0 R MARSHALL JONES TRUSTEE 1.00 X 0 0 0 MAMI H KISNER TRUSTEE 1.00 X 0 0 0 PATRICK KOENIG TRUSTEE 1.00 X 0 0 0 RICHARD A KRAUSE TRUSTEE 1.00 X 0 0 0 ROBERT LAFFERTY TRUSTEE EMERITUS (NON-VTG) 1.00 X 0 0 0 MICHAEL LEE TRUSTEE 1.00 X 0 0 0 TIMOTHY LEULIETTE TRUSTEE 1.00 X 0 0 0 JOHN W LITTLE III SECRETARY 1.00 X X 0 0 0 BARBARA MOORE CPA TRUSTEE 1.00 X 0 0 0 THOMAS MCCAFFREY TRUSTEE 1.00 X 0 0 0 THOMAS R PLEDGER TRUSTEE (NON-VTG) 1.00 X 0 0 0 HON KENNETH L RYSKAMP TRUSTEE-EMERITUS(NON-VTG) 1.00 X 0 0 0 GARY SCHROEDER TRUSTEE 1.00 X 0 0 0 PASTOR JIMMY SCROGGINS TRUSTEE 1.00 X 0 0 0 STEVE SCALICI TRUSTEE 1.00 X 0 0 0 ROBERT W SIMPSON VICE CHAIR 1.00 X X 0 0 0 TIMOTHY SOTOS TRUSTEE 1.00 X 0 0 0 MIKE STEVENS TRUSTEE 1.00 X 0 0 0 HON W MATTHEW STEVENSON TRUSTEE 1.00 X 0 0 0 RALPH A SULLIVAN JR TRUSTEE EMERITUS (NON-VTG) 1.00 X 0 0 0 KARL H WATSON TRUSTEE 1.00 X 0 0 0 SCOTT WHITAKER TRUSTEE 1.00 X 0 0 0 WILLIAM FLEMING PRESIDENT 60.00 X 386086 0 33661 JOHN KAUTZ VICE PRESIDENT FOR FINANCE 60.00 X 195827 0 16000 RANDOLPH E RICHARDS PROVOST, CAO 40.00 X 154508 0 21094 VICKI PUGH VICE PRESIDENT FOR DEVELOP 40.00 X 143405 0 12458 TIMOTHY WORLEY VICE PRESIDENT FOR ADMISSI 40.00 X 152811 0 12084 JEFFREY LEWIS DEAN OF GREGORY SCHOOL OF PHARMACY 40.00 X 183064 0 14640 ROBERT LLOYD DEAN OF THE SCHOOL OF ARTS AND SCIENCES 40.00 X 133656 0 15142 CARLOS TORRADO ASSISTANT PROFESSOR 40.00 X 133232 0 21820 LESLIE TURNER DEAN OF RINKER SCHOOL OF B 40.00 X 129134 0 32734 DANA BROWN ASSOCIATE DEAN FOR ACADEMICS 40.00 X 128946 0 17533 1740669 0 197166 29 0 1 0 ARAMARK SERVICES INC 7513 CENTRAL INDUSTRIAL DR RIVIERA BEACH FL 33404 FOOD, FACILITIES, AND UNIFORM SERVICES 4545720 NATIONAL MANAGEMENT RESOURCES 113 CORPORATE PARK E LAGRANGE GA 30241 FACILITIES MANAGEMENT 1926173 BMS CAT INC 303 ARTHUR ST FORT WORTH TX 76107 RESTORATION AND CONSTRUCTION SERVICES 1294373 HILL YORK AIR CONDITIONING & ENERGY SOLU 2125 S ANDREWS AVE FT LAUDERDALE FL 33316 HVAC CONTRACTOR 719991 HEDRICK BROTHERS CONSTRUCTION CO INC 2200 CENTREPARK WEST DRIVE 100 WEST PALM BEACH FL 33409 CONSTRUCTION SERVICES 523394 5 115239 4077678 8506916 4077816 12699833 TUITION & FEES 611310 86210911 86210911 AUXILIARY 611310 11605114 11605114 MISC SERVICE CHGES/ACCOUNT FEES 611310 755620 755620 98571645 2524175 2524175 302429 71682 0 7000 302429 64682 367111 64682 302429 5080976 0 5080976 5080976 5080976 244916 115239 168004 76912 76912 119320652 98571645 64682 7984492 35029010 35029010 1763279 728045 894984 140250 29411011 24801572 3850729 758710 1625575 1331235 247464 46876 5300613 4340840 806921 152852 2194092 1796812 334010 63270 108265 8052 100213 125918 125918 39821 39821 2890565 624133 2265354 1078 1153159 289491 848263 15405 839242 593989 163973 81280 2068166 1103703 964463 1097908 706408 391500 692175 612220 60531 19424 1414102 1414102 6817315 6326468 490847 2598593 867527 1731066 UNRELATED BUSINESS TAX 11838 11838 FOOD CONTRACTOR 4252360 4252360 MISCELLANEOUS 4017564 1231927 2740681 44956 UTILITIES 3086248 1222757 1863491 4983278 3370673 1435527 177078 111520097 89237222 20781696 1501179 12142552 12405196 9113355 5663330 29070519 27784464 761470 894368 242097 194629 3013617 2660145 194947131 80746822 110087215 114200309 49624706 52349425 4820768 5480056 218876299 221631922 6197793 4248253 1971767 1539713 38986959 38596513 3751318 2664001 50907837 47048480 X 93251546 97197944 53014108 53505829 21702808 23879669 167968462 174583442 218876299 221631922 X 7800555 -3449613 2264038 X X 0 1 X 1 1 1 X X X X EDUCATION 0 81170465 2133989 5355464 2538844 422546 39821 85658707 77129027 1225000 6517918 2833268 842860 25352 81170465 79782977 625599 -8726 2576021 670122 24680 77129027 80100088 1069818 1402097 1742644 1020283 26099 79782977 73607439 2018011 7326870 2240184 581966 30082 80100088 0.17000 0.28000 0.55000 1 0 23227198 23227198 141178802 71247013 69931789 146276 25949 120327 16094189 9473860 6620329 14300666 14300666 114200309 DEPOSITS AND OTHER LIABILITIES 623568 ADVANCES FROM FEDERAL GOVERNMENT FOR STUDENT LOANS 433327 ANNUITIES PAYABLE 277572 CASH FLOW HEDGE 1329534 2664001 X 83241256 -3449613 2439048 -1010565 84251821 39821 35029010 35068831 119320652 76626270 175004 175004 76451266 39821 35029010 35068831 111520097 PART III, LINE 4: THE UNIVERSITY PERIODICALLY RECEIVES ARTWORK FROM DONORS FOR PUBLIC EXHIBITION PURPOSES. SUCH ARTWORK COLLECTION HAS NOT BEEN RECORDED SINCE THE UNIVERSITY DOES NOT HAVE OBJECTIVE AND MEASURABLE FAIR VALUES TO ASSIGN TO THE ARTWORK. PART V, LINE 4: THE INTENDED USE OF THE ENDOWMENT FUNDS IS TO GENERATE INCOME TO PROVIDE STUDENT SCHOLARSHIPS, TO ENHANCE CERTAIN FACULTY SALARIES, AND PROFESSIONAL DEVELOPMENT AND TO MAINTAIN FACILITIES. PART X, LINE 2: THE UNIVERSITY HAS BEEN RECOGNIZED BY THE INTERNAL REVENUE SERVICE AS AN ORGANIZATION EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (IRC). ACCORDINGLY, NO PROVISION FOR INCOME TAXES HAS BEEN RECORDED IN THE FINANCIAL STATEMENTS. THE UNIVERSITY IS REQUIRED TO OPERATE IN CONFORMITY WITH THE PROVISIONS OF THE IRC TO MAINTAIN ITS EXEMPT STATUS. THE UNIVERSITY RECOGNIZES THE TAX BENEFIT ASSOCIATED WITH TAX POSITIONS TAKEN FOR TAX RETURN PURPOSES WHEN IT IS MORE LIKELY THAN NOT THE POSITION WILL BE SUSTAINED. THE UNIVERSITY DOES NOT BELIEVE THERE ARE ANY UNCERTAIN TAX POSITIONS. FOR THE YEARS ENDED JUNE 30, 2018 AND 2017, THERE WERE NO INTEREST OR PENALTIES RECORDED OR INCLUDED IN THE UNIVERSITYS FINANCIAL STATEMENTS. THE UNIVERSITY IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS FOR YEARS PRIOR TO 2015. PART XI, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSE 168,004. UNREALIZED CASH FLOW HEDGE GAIN 867,970. CHANGE IN VALUE OF SPLIT-INTEREST TRUSTS 1,396,074. BILLBOARD RENTAL EXPENSE 7,000. PART XI, LINE 4B - OTHER ADJUSTMENTS: UNSPONSORED SCHOLARSHIPS 25,630,564. SPONSORED SCHOLARSHIPS 2,931,020. ATHLETIC SCHOLARSHIPS 2,389,748. PELL GRANTS 4,077,678. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSE 168,004. BILLBOARD RENTAL EXPENSE 7,000. PART XII, LINE 4B - OTHER ADJUSTMENTS: UNSPONSORED SCHOLARSHIPS 25,630,564. SPONSORED SCHOLARSHIPS 2,931,020. ATHLETIC SCHOLARSHIPS 2,389,748. PELL GRANTS 4,077,678. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 SCHEDULE E, PART I, LINE 3 PUBLICIZED IN THE STUDENT BROCHURES. PROGRAM SERVICES 0 0 PROGRAM SERVICES - STUDY ABROAD FOR EDUCATION INTERNATIONAL STUDY AVAILABLE IN CHILE, COSTA RICA, CZECH REPUBLIC, ECUADOR, FRANCE, GREECE, INDIA, ITALY, JORDAN, MEXICO, NEW ZEALAND, SOUTH AFRICA, SPAIN, UGANDA AND UNITED KINGDOM. 659457 0 0 0 0 0 0 659457 0 659457 0 0 0 0 0 0 PART I, LINE 3: ACCRUAL WOMEN OF DISTINCTION 183014 56807 126207 69264 34664 ALUMNI ASSN GOLF TOURN. 140568 48175 92393 30666 21049 1 36573 10257 26316 9200 3161 360155 115239 244916 109130 58874 168004 76912 1 FINANCIAL AID/TUITION REMISSION 3419 30951332 COST OF ATTENDANCE TUITION ASSISTANCE PELL GRANT AWARDS 952 4077678 COST OF ATTENDANCE, FINANCIAL NEED, AND ENROLLMENT STATUS PART I, LINE 2: GRANT FUNDS ARE ADMINISTERED IN COMPLIANCE WITH FEDERAL AND STATE APPLICABLE REGULATIONS. GRANTS AND SCHOLARSHIPS ARE DISBURSED ACCORDING TO ELIGIBILITY CRITERIA INCLUDING SCHOLASTIC ABILITY, CHRISTIAN INVOLVEMENT, FINANCIAL NEED AND/OR TALENT. GRANTS AND SCHOLARSHIPS ARE ACCOUNTED FOR IN SEPARATE GENERAL LEDGER ACCOUNTS WHICH ARE RECONCILED INTERNALLY. GRANTS AND SCHOLARSHIPS ARE AUDITED ANNUALLY IN COMPLIANCE WITH OMB CIRCULAR A-133. X 1 1 X X X X 0 0 0 0 0 0 0 0 0 WILLIAM FLEMING PRESIDENT 278253 0 100000 0 7833 0 24000 0 9661 0 419747 0 0 0 JOHN KAUTZ VICE PRESIDENT FOR FINANCE 193907 0 0 0 1920 0 15549 0 451 0 211827 0 0 0 RANDOLPH E RICHARDS PROVOST, CAO 154005 0 0 0 503 0 17056 0 4038 0 175602 0 0 0 VICKI PUGH VICE PRESIDENT FOR DEVELOP 139012 0 0 0 4393 0 11220 0 1238 0 155863 0 0 0 TIMOTHY WORLEY VICE PRESIDENT FOR ADMISSI 152640 0 0 0 171 0 10054 0 2030 0 164895 0 0 0 JEFFREY LEWIS DEAN OF GREGORY SCHOOL OF PHARMACY 182460 0 0 0 604 0 14600 0 40 0 197704 0 0 0 CARLOS TORRADO ASSISTANT PROFESSOR 133168 0 0 0 64 0 15928 0 5892 0 155052 0 0 0 LESLIE TURNER DEAN OF RINKER SCHOOL OF B 128518 0 0 0 616 0 24000 0 8734 0 161868 0 0 0 PART I, LINE 1A THE UNIVERSITY PAYS FOR THE PRESIDENT'S SOCIAL CLUB DUES. THE DUES ARE 100% FOR BUSINESS PURPOSES. A PALM BEACH COUNTY EDUCATIONAL FACILITIES REV BOND 941347393 2012-12-19 40375000 FINANCE ACQUISITION, CONSTRUCTION, AND EQUIPPING OF CAPITAL PROJECTS. 0 0 0 A 0 0 1 1 A 0 0 0 0 0 0 0 A 0 0 0 1 1 1 BOAMERRILL LYNCH 14.500000000000 0 0 0 0 0 A 0 SCHEDULE K, PART IV, ARBITRAGE, LINE 2C: ON DECEMBER 19, 2012 THERE WAS A REBATE COMPUTATION PERFORMED INDICATING NO REBATE WAS DUE. TRUSTEE JAMES JENKINS AND TRUSTEE J ELDER AT MEMORIAL PRESBYTERIAN CHURCH 27790 PROPERTY RENTAL 0 TRUSTEE CATHLEEN T BURK HEDRICK BROTHERS CONSTRUCTION 523394 BUILDING PERMITS AND CONSTRUCTION OF SPORTS FIELD 0 TRUSTEE JAMES SCROGGINS PASTOR AT FIRST BAPTIST CHURCH OF WEST PALM BEACH, INC. 1500 MINISTRY PARTNERSHIP AGREEMENT 0 CHAIRMAN SCOTT HAWKINS SHAREHOLDER IN JONES, FOSTER, JOHNSON AND STUBBS. P.A. 70195 LEGAL SERVICES 0 TRUSTEE MIKE STEVENS MARSHALL AND VERA LEA RINKER FOUNDATION 42500 RENT ON QUATTLEBAUM PROPERTY 0 TRUSTEE JOHN LITTLE JOHN LITTLE ATTORNEY AT GUNSTER YOAKLEY 31265 LEGAL SERVICES 0 X 15 4057270 FAIR MARKET VALUE X ENTERTAINMENT GIFT CARDS & TICKETS 35 7141 FAIR MARKET VALUE X SERVICE GIFT CARDS 10 4605 FAIR MARKET VALUE X CLOTHING & HOUSEHOLD 25 4313 FAIR MARKET VALUE X GIFT CARDS & BASKETS 24 3755 FAIR MARKET VALUE X RESTAURANT & FOOD GIFT CARDS 17 732 FAIR MARKET VALUE 0 1 0 FORM 990, PART III, LINE 1, DESCRIPTION OF ORGANIZATION MISSION: PBA IS A PRIVATE, INDEPENDENT UNIVERSITY DEDICATED TO THE INTENTIONAL INTEGRATION OF CHRISTIAN PRINCIPLES. AS A COMMUNITY OF LEARNERS, THE UNIVERSITY PROVIDES STUDENTS WITH A RIGOROUS EDUCATIONAL ENVIRONMENT THAT LEADS TO INTELLECTUAL, SPIRITUAL AND PERSONAL CHARACTER DEVELOPMENT. FORM 990, PART VI, SECTION B, LINE 11B THE AUDIT COMMITTEE CHAIRMAN, VP OF FINANCE AND CONTROLLER'S OFFICE REVIEWS THE FORM 990. THE UNIVERSITY ALSO SENDS AN ELECTRONIC COPY OF THE FORM 990 TO EVERY MEMBER OF THE BOARD OF TRUSTEES WITH A REQUEST TO CONFIRM THEY RECEIVED IT. FORM 990, PART VI, SECTION B, LINE 12C TRUSTEES ARE REQUIRED TO FILE ON AN ANNUAL BASIS A DISCLOSURE AND COMPLIANCE STATEMENT DISCLOSING THEIR PERSONAL INTEREST, DIRECT OR INDIRECT, IN ANY UNIVERSITY TRANSACTION DURING THE PREVIOUS YEAR AND AFFIRMING THAT (I) THEY HAVE READ THE UNIVERSITY CONFLICT OF INTEREST AND COMMITMENT POLICY, (II) THEY WILL AVOID PARTICIPATING IN ANY UNIVERSITY DECISION IN WHICH THE INDIVIDUAL OR ANY AFFILIATE COULD BE SAID TO HAVE PERSONAL FINANCIAL OR OTHER STAKE IN THE DECISION OR WHERE OTHER OUTSIDE INFLUENCES COULD INFLUENCE THE TRUSTEE'S INDEPENDENT JUDGMENT. COPIES OF ALL DISCLOSURE AND COMPLIANCE STATEMENTS SHALL BE KEPT AS A MATTER OF RECORD IN THE PRESIDENTS OFFICE. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD REVIEWS THE COMPENSATION OF THE PRESIDENT ANNUALLY. INFORMATION IS COLLECTED ON NEW AND VACANT POSITIONS FROM SEARCH COMMITTEES AS WELL AS DATA FROM MANY SOURCES INCLUDING, BUT NOT LIMITED TO, CUPA-HR, CCCU, AUUP, FLORIDA DEPARTMENT OF LABOR ETC. HUMAN RESOURCES REVIEWS THE DIFFERENT POSITIONS, DESCRIPTION OF THE POSITIONS, AND THE PROPOSED SALARY FOR CONTENT AND FIT WITHIN THE CAMPUS SALARY STRUCTURE. FINAL REVIEW AND APPROVAL OF ALL FULL-TIME OFFERS OF EMPLOYMENT AT THE DIRECTOR LEVEL AND ABOVE ARE PRESENTED TO THE PRESIDENT FOR HIS APPROVAL UPON THE RECOMMENDATION OF THE THE APPROPRIATE VICE PRESIDENT. FORM 990, PART VI, SECTION C, LINE 19 UPON WRITTEN REQUEST. FORM 990, PART XI, LINE 9: UNREALIZED CASH FLOW HEDGE GAIN/LOSS 867,970. CHANGE IN VALUE OF SPLIT-INTEREST TRUSTS 1,396,074. ROUNDING -6. FORM 990, PART XII, LINE 2C: THE UNIVERSITY HAS NOT CHANGED ITS OVERSIGHT PROCESS POLICY. GALLATIN INVESTORS III LLC (IN LIQUIDATION) 2601 ARDEN ROAD NORTHWEST ATLANTA GA 30327 582529982 INVESTMENTS FL INVESTMENT -11385 0 0 0.24750 BEGINNINGS OF PALM BEACH COUNTY INC 4765 LANTANA ROAD LAKE WORTH FL 33463 592412927 CHILD CARE FL C 94602 1663840 1.00000 0 D & L LAND INC 901 S FLAGLER DRIVE WEST PALM BEACH FL 33401 592688950 RENTAL REAL ESTATE FL C 1995 286610 1.00000 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0