2017-11-14T12:57:42-06:00 2016-12-31 203250475 ESMOND & ASSOCIATES INC 23901 CALABASAS RD 1010 CALABASAS CA 91302 990 2016-01-01 208091013 CENTER FOR EXCELLENCE IN HIGHER EDUCATION INC CENT 8013120078 4021 SOUTH 700 EAST NO 400 SALT LAKE CITY UT 84107 ERIC JUHLIN PRESIDENT 8013120078 2017-11-01 1 LENNY ESMOND CPA P00037472 8186102900 2017-11-01 23.251.209.74 2017-11-01 11:14:13 PD P 5B8CA1F8FD3E070EAC258201D58856A4DC693409 C1AD23758062D7E31084CC65EB8F65AFAEAA2953 2016 2017-02-10 21:41:12Z ERIC JUHLIN 4021 SOUTH 700 EAST 400 SALT LAKE CITY UT 84107 184475499 0 X WWW.CEHE.ORG X 2006 IN POST-SECONDARY EDUCATION 7 5 2469 3 0 0 0 98600 191477903 184253110 150521 123789 0 0 191628424 184475499 3060000 1386000 0 0 88622493 88665586 0 0 0 80792716 86186924 172475209 176238510 19153215 8236989 258400744 257853844 141529162 132927611 116871582 124926233 THE PRINCIPAL FUNCTION OF THE ORGANIZATION IS THE PRESENTATION OF FORMAL INSTRUCTION BY ITS REGULARLY MAINTAINED FACULTY AND CURRICULUM TO ITS REGULARLY ENROLLED BODY OF PUPILS OR STUDENTS IN ORDER FOR STUDENTS TO OBTAIN A DEGREE AND OBTAIN EMPLOYMENT. 0 0 1386000 1386000 THE ORGANIZATION MAINTAINS BOTH A RESTRICTED GIFT FUND AND MAKES BOTH DESIGNATED AND UNDESIGNATED GRANTS TO OTHER CHARITABLE ORGANIZATIONS. THE RESTRICTED FUND SUPPORTS PROGRAMS AT DUKE UNIVERSITY, AS DIRECTED BY THE DONORS. THE ORGANIZATION SUPPORTS OTHER INSTITUTIONS WHICH PROMOTE HIGHER EDUCATION AND ECONOMICS. 157886874 184253110 THE ORGANIZATION OWNS AND OPERATES STEVENS-HENAGER COLLEGE, COLLEGEAMERICA ARIZONA, COLLEGEAMERICA DENVER, CALIFORNIA COLLEGE SAN DIEGO, INDEPENDENCE UNIVERSITY, AND TTY CAREER COLLEGES (51%) (THE COLLEGES) AS NONPROFIT COLLEGES ORGANIZED AND OPERATED EXCLUSIVELY FOR EDUCATIONAL PURPOSES. THE PRINCIPAL FUNCTION OF THE ORGANIZATION IS THE PRESENTATION OF FORMAL INSTRUCTION BY ITS REGULARLY MAINTAINED FACULTY AND CURRICULUM TO ITS REGULARLY ENROLLED BODY OF PUPILS OR STUDENTS IN ORDER FOR STUDENTS TO OBTAIN A DEGREE AND OBTAIN EMPLOYMENT. 159272874 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 1 0 0 1 0 0 0 0 0 1 0 1 0 0 0 1 0 1 0 1 0 0 0 0 1 1 1 1 0 0 1 148 0 1 2469 1 0 0 0 0 0 0 0 0 0 0 0 0 X 7 5 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 1 1 CA AZ IN X ERIC JUHLIN 8013120078 4021 SOUTH 700 EAST SUITE 400 SALT LAKE CITY UT 84107 WILLIAM C DENNIS PHD DIRECTOR 1.00 X 10000 0 0 TODD ZYWICKI JD DIRECTOR 1.00 X 10000 0 0 CARL BARNEY CHAIRMAN/DIRECTOR 10.00 X X 0 0 0 ERIC JUHLIN PRESIDENT/SECRETARY/DIRECT 40.00 X X 596215 0 16942 YARON BROOK TREASURER/DIRECTOR 2.00 X 10000 0 0 ROY HURD DIRECTOR 1.00 X 10000 0 0 KEN KONESCO DIRECTOR 1.00 X 10000 0 0 MICHAEL MAKI VICE-PRESIDENT 40.00 X 219337 0 10029 ROZANN KUNSTLE REGIONAL DIRECTOR 40.00 X 192533 0 15231 ALAN HANSEN EXECUTIVE DIRECTOR 40.00 X 195000 0 16103 KODY LARSEN VICE-PRESIDENT 40.00 X 231440 0 7466 MATTHEW GERBER GENERAL COUNSEL 40.00 X 195833 0 7455 SHERRIL MARTIN VP, MARKETING/ADV 40.00 X 204594 0 7835 PAUL GARDNER CHIEF FINANCIAL OFFICER 40.00 X 281563 0 17269 VICKY DEWSNUP REGIONAL DIRECTOR 40.00 X 245993 0 7420 KENNETH PLANT REGIONAL DIRECTOR 40.00 X 215500 0 8806 SUSAN G REED VICE-PRESIDENT 40.00 X 165946 0 9880 KEN WEBB REGIONAL DIRECTOR 40.00 X 239375 0 10284 TIMOTHY SMITH CEO, TTY 40.00 X 150000 0 18546 3183329 0 153266 32 0 1 0 EDUFFICIENT LLC 6 FOREST AVENUE 2ND FL PARAMUS NJ 07652 ADVERTISING MANGEMENT 22055838 DIRECTMAILCOM LLC 5351 KETCH ROAD PRINCE FREDERICK MD 20678 MARKETING SERVICES 6714380 GOOGLE INC 1600 AMPITHEATRE PARKWAY MOUNTAIN VIEW CA 94043 ADVERTISING SERVICES 5289096 VITAL SOURCE TECHNOLOGY ONE INGRAM BOULEVARD LAVERGNE TN 37086 ONLINE BOOK SERVICE 2061797 CHASE MEDIA GROUP 1520 FRONT STREET YORKTOWN HEIGHTS NY 10598 ADVERTISING SERVICES 1396068 7 98600 98600 TUITION AND FEES 611310 184084174 184084174 168936 168936 184253110 123789 123789 184475499 184253110 0 123789 1386000 1386000 3183329 3183329 74055946 67670883 6385063 168373 145996 22377 4816405 4467699 348706 6441533 6005203 436330 3257315 2887237 370078 3634394 4062 3630332 212685 212685 42672765 42672765 1568860 1375463 193397 3763705 1436284 2327421 13211504 12765695 445809 857472 599058 258414 157519 132984 24535 1272026 1272026 7776662 7776662 401066 8733 392333 STUDENT SUPPORT 5569108 5566942 2166 ADMINISTRATIVE 978337 497874 480463 ACCREDITATION 853506 690005 163501 176238510 159272874 16965636 0 9939207 9080335 43660034 43758985 108000 0 109802282 112511295 619148 1005300 25157980 17813741 9177713 7344239 83831029 83198489 1263331 955201 258400744 257853844 6906103 6947614 332500 1106250 32013944 38606935 91000000 75000000 11276615 11266812 141529162 132927611 X 116763582 124926233 108000 0 116871582 124926233 258400744 257853844 X 8236989 -182338 X X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 2604349 1601675 1002674 22553631 16212066 6341565 7344239 EXCESS STUDENT FUNDS 1353656 DEFERRED RENT 5835706 ACCRUED LIABILITIES 4077450 11266812 X 184475499 0 184475499 0 184475499 176238510 0 176238510 0 176238510 PART X, LINE 2: THE ORGANIZATION'S FORMS 990, RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX, FOR THE YEARS ENDING DECEMBER 31, 2015, 2014, 2013,& 2012, ARE SUBJECT TO EXAMINATION BY THE IRS, GENERALLY FOR THREE YEARS AFTER THEY WERE FILED. GENERALLY ACCEPTED ACCOUNTING PRINCIPLES REQUIRE TAX EFFECTS FROM AN UNCERTAIN TAX POSITION TO BE RECOGNIZED IN THE FINANCIAL STATEMENT ONLY IF THE POSITION IS MORE LIKELY THAN NOT TO BE SUSTAINED IF THE POSITION WERE TO BE CHALLENGED BY A TAXING AUTHORITY. THE ASSESSMENT OF THE TAX POSITION IS BASED SOLEY ON THE TECHNICAL MERITS OF THE POSITION, WITHOUT REGARD TO THE LIKELIHOOD THAT THE TAX POSITION MAY BE CHALLENGED. IF AN UNCERTAIN TAX POSITION MEETS THE MORE-LIKLEY-THAN-NOT THRESHOLD, THE LARGEST AMOUNT OF TAX BENEFIT THAT IS GREATER THAN 50% LIKELY TO BE RECOGNIZED UPON ULTIMATE SETTLEMENT WITH THE TAXING AUTHORITY IS RECORDED. THE ORGANIZATION'S PRIMARY TAX POSITIONS RELATE TO ITS STATUS AS A NOT-FOR-PROFIT ENTITY EXEMPT FROM INCOME TAXES AND CLASSIFICATION OF ACTIVITIES RELATED TO ITS EXEMPT PURPOSE. MANAGEMENT HAS EVALUATED THE TAX POSITIONS REFLECTED IN THE ORGANIZATION'S TAX FILINGS AND DOES NOT BELIEVE THAT ANY MATERIAL UNCERTAIN TAX POSITIONS EXIST. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 SCHEDULE E, PART I, LINE 3 SEE SCHEDULE O. 1 0 0 0 0 0 0 0 0 0 EUROPE TO FURTHER THE UNDERSTANDING OF LAW AND ECONOMICS 65000 CHECK 0 0 0 0 0 0 PART I, LINE 2: THE BOARD MONITORS USE OF ALL GRANTS. 1 GEORGE MASON UNIVERSITY FOUNDATION 4400 UNIVERSITY DRIVE MS 1A3 FAIRFAX VA 22201 541603842 501 (C) 3 125000 N/A N/A TO FURTHER THE UNDERSTANDING OF LAW AND ECONOMICS DUKE UNIVERSITY BOX 90581 DURHAM NC 277080581 560532129 501 (C) 3 232500 N/A N/A TO FURTHER THE UNDERSTANDING OF LAW AND ECONOMICS CLEMSON INSTITUTE STUDY OF CAPITALISM 329 SIRRINE HALL CLEMSON SC 29634 616849741 501 (C) 3 750000 N/A N/A TO FURTHER THE UNDERSTANDING OF LAW AND ECONOMICS MAD UNIVERSE 10573 W PICO BLVD LOS ANGELES CA 90064 274421457 501 (C) 3 96000 N/A N/A TO FURTHER THE UNDERSTANDING OF LAW AND ECONOMICS UNIVERSITY OF MARYLAND 3112 LEE BUILDING COLLEGE PARK MD 207425141 526002033 501 (C) 3 92500 N/A N/A TO FURTHER THE UNDERSTANDING OF LAW AND ECONOMICS PART I, LINE 2: THE BOARD OF DIRECTORS MONITOR USE OF ALL GRANTS. 1 X X X 0 0 0 0 0 0 0 0 0 ERIC JUHLIN PRESIDENT/SECRETARY/DIRECT 346215 0 250000 0 0 0 0 0 16942 0 613157 0 0 0 MICHAEL MAKI VICE-PRESIDENT 194337 0 25000 0 0 0 0 0 10029 0 229366 0 0 0 ROZANN KUNSTLE REGIONAL DIRECTOR 162533 0 30000 0 0 0 0 0 15231 0 207764 0 0 0 ALAN HANSEN EXECUTIVE DIRECTOR 140000 0 55000 0 0 0 1400 0 14703 0 211103 0 0 0 KODY LARSEN VICE-PRESIDENT 170940 0 60500 0 0 0 0 0 7466 0 238906 0 0 0 MATTHEW GERBER GENERAL COUNSEL 145833 0 50000 0 0 0 0 0 7455 0 203288 0 0 0 SHERRIL MARTIN VP, MARKETING/ADV 179594 0 25000 0 0 0 1796 0 6039 0 212429 0 0 0 PAUL GARDNER CHIEF FINANCIAL OFFICER 256563 0 25000 0 0 0 2566 0 14703 0 298832 0 0 0 VICKY DEWSNUP REGIONAL DIRECTOR 135000 0 103493 0 7500 0 0 0 7420 0 253413 0 0 0 KENNETH PLANT REGIONAL DIRECTOR 130000 0 85500 0 0 0 1300 0 7506 0 224306 0 0 0 SUSAN G REED VICE-PRESIDENT 142446 0 23500 0 0 0 0 0 9880 0 175826 0 0 0 KEN WEBB REGIONAL DIRECTOR 129375 0 110000 0 0 0 0 0 10284 0 249659 0 0 0 TIMOTHY SMITH CEO, TTY 150000 0 0 0 0 0 1500 0 17046 0 168546 0 0 0 CARL BARNEY MEMBER SEE SCHEDULE O FOR EXPLANATION X 431000000 75000000 0 1 1 75000000 CARL BARNEY CHAIRMAN/DIRECTOR/MEMBER AND REAL PROPERTY LESSOR 5343302 CARL BARNEY OWNS THREE DISREGARDED ENTITIES WHICH LEASE REAL PROPERTY TO THE ORGANIZATION FOR COMMERCIALLY REASONABLE AMOUNTS VERIFIED BY THIRD PARTIES 0 CARL BARNEY CHAIRMAN/DIRECTOR/MEMBER AND NOTE HOLDER 802083 INTEREST PAYMENT ON NOTES PAYABLE IN CONNECTION WITH MERGER OF STEVENS-HENAGER COLLEGE, INC., COLLEGEAMERICA SERVICES, AND COLLEGEAMERICA ARIZONA, INC. WITH AND INTO THE ORGANIZATION IN A BARGAIN SALE TRANSACTION. 0 PROMETHEUS FOUNDATION RELATED PRIVATE FOUNDATION & NOTE HOLDER 17000000 THE ORGANIZATION ENTERED INTO FOUR PROMISSORY NOTES WITH A RELATED PRIVATE FOUNDATION DURING 2015 & 2016. THE NOTES WERE ISSUED IN JUNE ($9 MILLION), SEPTEMBER ($2 MILLION) AND DECEMBER 2015 ($5 MILLION), AND JUNE 2016 ( $1 MILLION )ALL ARE AT 5% INTEREST PAYABLE QUARTERLY AND ALL THREE NOTES MATURE JANUARY 2017. THE NOTES WERE PAID BACK IN THEIR ENTIRETY BY THE END OF DECEMBER, 2016 WITH INTEREST. 0 PROMETHEUS FOUNDATION RELATED PRIVATE FOUNDATION & NOTE HOLDER 651404 INTEREST PAYMENT ON THE PROMISSORY NOTES PAYABLE WITH A RELATED PRIVATE FOUNDATION. 0 SCHEDULE E, PART I, ITEM 3 EXPLANATION OF PUBLICIZING NONDISCRIMINATION POLICY THE ORGANIZATION'S COLLEGES CUSTOMARILY DRAW THEIR STUDENTS FROM LOCAL COMMUNITIES AND FOLLOW A RACIALLY NONDISCRIMINATORY POLICY AS TO STUDENTS. THE ORGANIZATION'S NONDISCRIMINATION POLICY CAN BE FOUND UNDER "TITLE IX AND VI OF THE CIVIL RIGHTS ACT" OF ITS PRINCIPAL CATALOGUE GIVEN TO EACH PROSPECTIVE STUDENT THAT INTERVIEWS WITH AN ADMISSIONS CLERK AT A CAMPUS. THE POLICY IS PUBLISHED ON THE SCHOOL'S WEBSITE OPERATED BY THE SCHOOL. THE POLICY IS ALSO DISCLOSED IN ALL OF THE ORGANIZATION'S ADVERTISING MATERIALS. THE ORGANIZATION THEREFORE MEETS THE CRITERIA UNDER REV. PROC. 75-50, SECTION 4.03-2(C) FOR EXEMPTION FROM THE PUBLICITY REQUIREMENTS OF SECTION 4.03-1. FORM 990, PART VI, SECTION A, LINE 6 CARL BARNEY IS A MEMBER OF CENTER FOR EXCELLENCE IN HIGHER EDUCATION, INC. FORM 990, PART VI, SECTION A, LINE 7A THE MEMBER HAS THE POWER TO APPOINT MEMBERS OF THE GOVERNING BODY. FORM 990, PART VI, SECTION A, LINE 7B CERTAIN GOVERNANCE DECISIONS OF THE ORGANIZATION ARE RESERVED FOR ITS MEMBER. FORM 990, PART VI, SECTION B, LINE 11B PRESIDENT, CHIEF FINANCIAL OFFICER AND BOARD OF DIRECTORS MEMBERS REVIEW THE FORM BEFORE IT IS FILED WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C OFFICERS AND BOARD MEMBERS ARE REQUIRED TO SIGN A CONFLICT OF INTEREST POLICY ANNUALLY. FORM 990, PART VI, SECTION B, LINE 15 ORGANIZATION HAS A COMPENSATION COMMITTEE THAT FACTORS IN EXPERIENCE, EDUCATION, BACKGROUND, AND OTHER RELEVANT FACTORS IN DETERMINING THEIR SALARY. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE AT ITS OFFICE DURING REGULAR BUSINESS HOURS. FORM 990, PART XI, LINE 9: NON CONTROLLING MINORITY INTEREST -182,338. FORM 990, PART XII, LINE 2C NO CHANGES WERE MADE TO THE OVERSIGHT PROCESS OR THE SELECTION PROCESS DURING THE YEAR. SCHEDULE L, PART II LOANS TO AND/OR FROM INTERESTED PERSONS NOTE PAYABLE RELATING TO THE MERGER OF COMPANIES WITH AND INTO THE ORGANIZATION IN A BARGAIN SALE TRANSACTION. 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