2017-05-15T18:25:41-05:00 2016-06-30 910189318 MOSS ADAMS LLP 9665 GRANITE RIDGE DRIVE SUITE 600 SAN DIEGO CA 92123 990 2015-07-01 952786163 WOODBURY UNIVERSITY WOOD 8187670888 7500 GLENOAKS BLVD BURBANK CA 915107846 DR DAVID STEELE-FIGUEREDO PRESIDENT 8187670888 2017-05-15 1 PATRICIA J MAYER P00188643 8586271400 2017-05-15 2015 2021-01-29 14:40:06Z DR DAVID STEELE-FIGUERED 7500 GLENOAKS BLVD BURBANK CA 915107846 92552120 0 X WWW.WOODBURY.EDU X 1884 CA UNIVERSITY PROGRAMS FOR STUDENTS THAT LEADS TO AN UNDERGRADUATE OR GRADUATE DEGREE. 28 27 1017 124 0 0 2138435 1912836 49693723 47101643 1548519 857998 2539196 2563154 55919873 52435631 10743840 9972117 0 0 30012280 27597598 0 0 723131 16840242 18960934 57596362 56530649 -1676489 -4095018 87360092 84262326 48448355 55005370 38911737 29256956 X WOODBURY UNIVERSITY EMPOWERS PEOPLE TO DO EXTRAORDINARY THINGS. WE TRANSFORM STUDENTS INTO LIBERALLY EDUCATED PROFESSIONALS AND SOCIALLY RESPONSIBLE CITIZENS BY INTEGRATING LIBERAL ARTS, DESIGN THINKING, ENTREPRENEURSHIP, AND CIVIC ENGAGEMENT INTO ALL PROGRAMS. WE ACHIEVE ACADEMIC EXCELLENCE BY CREATING EXTERNAL PARTNERSHIPS, IMPLEMENTING EFFECTIVE INTERNAL PROCESSES, AND ENSURING QUALITY IN ALL PROGRAMS AND SERVICES.SUCCESSFUL WOODBURY GRADUATES ARE AMBASSADORS FOR THE UNIVERSITY. THEY ARE INNOVATIVE LEADERS WHO HELP INDIVIDUALS AND COMMUNITIES FLOURISH. THEY ARE KNOWN FOR BEING STRONG COMMUNICATORS, ETHICAL THINKERS AND CREATIVE PROBLEM-SOLVERS WITH A DEEP COMMITMENT TO SUSTAINABILITY AND SOCIAL JUSTICE. THEY ARE KNOWLEDGEABLE IN THEIR DISCIPLINES AND EAGER FOR COLLABORATION AND CONTINUOUS LEARNING. THEY INTEGRATE PROFESSIONAL SKILLS WITH GLOBAL CITIZENSHIP, ENTREPRENEURIAL ENERGY, AND INTELLECTUAL CURIOSITY. WOODBURY GRADUATES MAKE A DIFFERENCE. 0 0 47341023 9972117 47101643 UNIVERSITY PROGRAMS FOR STUDENTS THAT LEADS TO AN UNDERGRADUATE OR GRADUATE DEGREE. 47341023 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 1 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 1 2742 0 1 1017 1 0 0 0 0 0 1 1 0 0 0 0 X 28 27 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 0 1 1 0 CA X OFFICE OF THE CONTROLLER 8182525245 7500 GLENOAKS BLVD BURBANK CA 915107846 DAVID STEELE-FIGUEREDO PRESIDENT 40.00 X X 58000 0 0 DAVID DAUWALDER INTERIM PRESIDENT (THRU 11/15/15) 40.00 X X 327524 0 28575 RONALD ALTOON TRUSTEE 1.00 X 0 0 0 DAVID BLLITZ TRUSTEE 1.00 X 0 0 0 ADRIANA BOEKA TRUSTEE 1.00 X 0 0 0 BRIAN BOWMAN TRUSTEE 1.00 X 0 0 0 DAVID R CRONENBOLD JR TRUSTEE 1.00 X 0 0 0 JOSEPH DE BRIYN TRUSTEE 1.00 X 0 0 0 TALIN FAKHOORIAN TRUSTEE 1.00 X 0 0 0 YOLANDA GORMAN TRUSTEE 1.00 X 0 0 0 JAN HANSSEN TRUSTEE 1.00 X 0 0 0 LAWRENCE HURWITZ CHAIRMAN 1.00 X X 0 0 0 AFSHIN KATEB TRUSTEE 1.00 X 0 0 0 SCOTT KOHNO TRUSTEE 1.00 X 0 0 0 BARRY KURTZ TRUSTEE 1.00 X 0 0 0 ROBERT KUMMER TRUSTEE 1.00 X 0 0 0 GREGORY LIPPE VICE CHAIR 1.00 X X 0 0 0 PETER MA TRUSTEE 1.00 X 0 0 0 PEGI MATSUDA TRUSTEE 1.00 X 0 0 0 MALCOLM MCNEIL TRUSTEE 1.00 X 0 0 0 IISE METCHEK TRUSTEE (THRU 02/2016) 1.00 X 0 0 0 WALTER MOSHER JR TRUSTEE 1.00 X 0 0 0 BRUCE C MUNSTER TRUSTEE 1.00 X 0 0 0 KIERAN NOLAN TRUSTEE 1.00 X 0 0 0 CURT PRINGLE TRUSTEE 1.00 X 0 0 0 RONALD SODERLING TRUSTEE 1.00 X 0 0 0 EDWARD SPIEGEL TRUSTEE 1.00 X 0 0 0 JUDITH TAMKIN TRUSTEE 1.00 X 0 0 0 CARL TERZIAN TRUSTEE (THRU 03/19/16) 1.00 X 0 0 0 WILLIAM THOMAS TRUSTEE 1.00 X 0 0 0 DAVID KUMMER TRUSTEE 1.00 X 0 0 0 DAVID ST AMANT CHAIRMAN (THRU 09/2015) 1.00 X X 0 0 0 SETA JAVOR BOARD SECRETARY 40.00 X 100610 0 10114 KENNETH JONES VP FINANCE & ADMIN 40.00 X 266458 0 59507 SHARI GIBBONS CHIEF MARKETING OFFICER 40.00 X 205283 0 33742 PHYLLIS CREMER VP STUDENT DEVELOPMENT 40.00 X 155439 0 17770 RANDALL STAUFFER INTERIM PROVOST 40.00 X 196857 0 22033 DOUGLAS CREMER DEAN 40.00 X 150513 0 43120 ANDRE VAN NIEKERK DEAN 40.00 X 278775 0 29059 MAURO DIAZ DEAN 40.00 X 145215 0 16604 NORMAN MILLAR DEAN (THRU 04/2016) 40.00 X 207604 0 24813 SATINDER DHIMAN ASSOCIATE DEAN 40.00 X 165691 0 14081 2257969 0 299418 39 0 1 0 S3 BUILDERS PO BOX 11478 BURBANK CA 91510 CONSTRUCTION 1150000 BON APPETIT PO BOX 50196 LOS ANGELES CA 900740196 FOOD SERVICE 996000 CLUNE CONSTRUCTION 350 GRAND AVE 1600 LOS ANGELES CA 90071 CONSTRUCTION 932000 GLOBAL PROTECTIVE SERVICES 24973 W AVE STANFORD VALENCIA CA 91355 SECURITY 679000 247 BUILDING MAINTENANCE 20929 VENTURA BLVD 47-433 WOODLAND HILLS CA 913642334 JANITORIAL 489000 38 34389 819982 1058465 1912836 TUITION AND FEES 900099 47080634 47080634 PERKINS LOAN INTEREST 900099 21009 21009 47101643 719922 719922 40138931 40000855 138076 138076 138076 48919 34389 115634 -66715 -66715 AUXILIARY ENTERPRISES 611710 2038992 2038992 590877 590877 2629869 52435631 47101643 0 3421152 9972117 9972117 1556021 602364 780657 173000 201598 100799 100799 20813836 18340240 2229319 244277 1505939 1319196 150012 36731 1618720 1366884 233177 18659 1901484 1632186 233255 36043 394003 394003 158236 158236 81557 81557 1459952 352918 1035542 71492 715562 77395 623057 15110 1032952 508606 485158 39188 1079407 551696 503976 23735 2134126 1500976 620104 13046 247269 198019 43468 5782 223543 150296 58818 14429 1855635 1855635 3168623 3168623 302194 302194 RESIDENCE HALL EXPENDIT 1160199 1160199 RESTRICTED EXPENSE 923342 923342 RESIDENTIAL FOOD SERVIC 849753 849753 STUDENT ACTIVITY EXPENS 759595 759595 2414986 1950184 433163 31639 56530649 47341023 8466495 723131 14739923 12827893 508425 271147 1978184 1803259 1144602 1086883 78441239 33710444 45901332 44730795 20929365 21349190 1935379 2004767 222882 188392 87360092 84262326 1208206 845651 1441157 1001558 38500000 37840000 53045 3000000 7245947 12318161 48448355 55005370 X 31574725 21267834 1442909 1287953 5894103 6701169 38911737 29256956 87360092 84262326 X -4095018 -179906 -5379857 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 22538644 621669 442317 700473 22902157 22761926 893219 -944343 172158 22538644 19385220 1350303 2228125 201722 22761926 17055312 545661 1962674 178427 19385220 16732675 869532 -87944 458951 17055312 0.77690 0.21710 0.00600 1 0 7384774 7384774 58472948 24073859 34399089 8778540 6722055 2056485 3804977 2914530 890447 44730795 OTHER PAYABLES 201565 ACCRUED PENSION 10647185 BOND INTEREST PAYABLE 869007 STUDENT FUNDS PAYABLE/DEPOSITS 486372 GIFT ANNUITY OBLIGATION 114032 12318161 X 36937828 -179906 115634 -64272 37002100 81557 15351974 15433531 52435631 46592609 115634 115634 46476975 81557 9972117 10053674 56530649 PART V, LINE 4: THE UNIVERSITY HAS ADOPTED INVESTMENT AND SPENDING POLICIES FOR ENDOWMENT ASSETS THAT ATTEMPT TO PROVIDE A PREDICTABLE STREAM OF FUNDING TO PROGRAMS SUPPORTED BY ITS ENDOWMENT WHILE SEEKING TO MAINTAIN THE MARKET VALUE AS OF THE DONATION DATE OF THE ENDOWMENT ASSETS. PART X, LINE 2: THE UNIVERSITY HAD NO UNRECOGNIZED TAX BENEFITS AT JUNE 30, 2016 AND 2015. THE UNIVERSITY FILES AN EXEMPT ORGANIZATION RETURN IN THE U.S. FEDERAL JURISDICTION AND WITH THE CALIFORNIA FRANCHISE TAX BOARD. PART XI, LINE 2D - OTHER ADJUSTMENTS: RECLASS SPECIAL EVENT EXPENSE 115,634. PART XI, LINE 4B - OTHER ADJUSTMENTS: CHANGE IN MINIMUM PENSION LIABILITY 5,379,857. EXPENSE RECLASS - FINANCIAL AID 357,542. EXPENSE RECLASS - FUNDED SCHOLARSHIPS 9,614,575. PART XII, LINE 2D - OTHER ADJUSTMENTS: RECLASS SPECIAL EVENT EXPENSE 115,634. PART XII, LINE 4B - OTHER ADJUSTMENTS: EXPENSE RECLASS - FUNDED SCHOLARSHIPS 9,614,575. EXPENSE RECLASS - FINANCIAL AID 357,542. 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 NONDISCRIMINATION POLICY IS STATED IN ALL UNIVERSITY PUBLICATIONS, APPLICATIONS, RECRUITING LITERATURE, CATALOGUES, ETC. IT IS ALSO POSTED PROMINENTLY ON CAMPUS. SCHEDULE E, PART I, LINE 6 THE UNIVERSITY PARTICIPATES IN THE PERKINS LOAN PROGRAM. FASHION SHOW BENEFIT 83308 34389 48919 28713 11733 68215 6972 83308 34389 48919 28713 11733 68215 6972 115633 -66714 1 INSTITUTIONAL STUDENT AID 978 9614575 FUNDED SCHOLARSHIPS 106 357542 PART I, LINE 2: FOR SCHOLARSHIPS, THE UNIVERSITY'S FINANCIAL AID DEPARTMENT REVIEWS AND MATCHES THE REQUIREMENTS TO THE RECIPIENT. FOR GRANTS, A DIRECTOR FOR THE GRANT AUTHORIZES EXPENDITURES. FOR GOVERNMENT GRANTS, THE UNIVERSITY REVIEWS THE GOVERNMENT'S "DO NOT USE-VENDOR LIST" TO QUALIFY PROSPECTIVE VENDORS. X X X 1 1 X X X X X 0 0 0 0 0 0 0 1 0 DAVID DAUWALDER INTERIM PRESIDENT (THRU 11/15/15) 312584 0 4080 0 10860 0 28575 0 0 0 356099 0 0 0 KENNETH JONES VP FINANCE & ADMIN 258780 0 7678 0 0 0 52744 0 6763 0 325965 0 0 0 SHARI GIBBONS CHIEF MARKETING OFFICER 200523 0 4760 0 0 0 15637 0 18105 0 239025 0 0 0 PHYLLIS CREMER VP STUDENT DEVELOPMENT 154139 0 1300 0 0 0 15955 0 1815 0 173209 0 0 0 RANDALL STAUFFER INTERIM PROVOST 192097 0 4760 0 0 0 16005 0 6028 0 218890 0 0 0 DOUGLAS CREMER DEAN 148103 0 1360 0 1050 0 15907 0 27213 0 193633 0 0 0 ANDRE VAN NIEKERK DEAN 241642 0 33493 0 3640 0 22808 0 6251 0 307834 0 0 0 MAURO DIAZ DEAN 133225 0 11990 0 0 0 10083 0 6521 0 161819 0 0 0 NORMAN MILLAR DEAN (THRU 04/2016) 204204 0 3400 0 0 0 18860 0 5953 0 232417 0 0 0 SATINDER DHIMAN ASSOCIATE DEAN 116472 0 49219 0 0 0 14081 0 0 0 179772 0 0 0 PART I, LINE 1A THE UNIVERSITY PAYS THE MONTHLY MEMBERSHIP DUES FOR THE SOCIAL CLUB TO WHICH BOTH MR. VAN NIEKERK BELONGS. THE MEMBERSHIP DUES ARE NOT INCLUDED AS TAXABLE COMPENSATION AS THEY ARE FOR BUSINESS PURPOSES ONLY. A HOUSING ALLOWANCE IS PROVIDED TO THE PRESIDENT AND IS INCLUDED AS TAXABLE COMPENSATION. BUSINESS TRAVEL FOR COMPANIONS IS ALLOWED FOR THE PRESIDENT'S SPOUSE AND IS NOT INCLUDED AS TAXABLE COMPENSATION SINCE SUCH RELATED TRAVEL IS FOR BUSINESS PURPOSES. PART I, LINE 7 BONUSES ARE APPROVED BY THE BOARD OF TRUSTEES AND AWARDED BASED ON MEETING GOALS. A CALIFORNIA MUNICIPAL FINANCE AUTHORITY 201563466 2014-12-23 38403740 CONSTRUCTION AND REMODELING OF BUILDINGS 0 0 0 A 38403740 251145 632172 175577 25292327 534540 11517979 1 1 0 1 A 0 0 0 0 1 0 1 A 0 0 0 0 0 0 0 0 1 A 1 SCH K, PART II, COLUMN A, LINE 3, TOTAL PROCEEDS OF ISSUE PROCEEDS USED TO CURRENTLY REFUND PRIOR ISSUE 1/11/06 $15,199,000; PROCEEDS USED TO ADVANCE REFUND PRIOR ISSUE 2/27/07 $6,377,271; NONREFUNDING PROCEEDS OF ISSUE (NET BOND ISSUANCE COSTS OF $632,172) $16,195,297. SCH K, PART II, COLUMN A, LINE 11, OTHER SPENT FUNDS OTHER SPENT FUNDS REPRESENT REFUNDED BONDS ISSUANCE COSTS. SCH K, PART II, COLUMN A, LINE 13, SUBSTANTIAL COMPLETION IN 2008, SUBSTANTIAL COMPLETION WAS DONE RELATING TO BONDS REFUNDED IN FYE 6/30/15 (SEE COMMENT REGARDING PART II, COLUMN A LINE 3). OUTSTANDING PROCEEDS FROM NONREFUNDING PROCEEDS FOR CONSTRUCTION/BUILDING IS $11,517,979. DOUGLAS CREMER FAMILY RELATIONSHIP WITH PHYLLIS CREMER (VP STUDENT DEVELOPMENT) 201598 DOUGLAS CREMER RECEIVED WAGES AS AN EMPLOYEE. 0 MUSICK PEELER & GARRETT LLP JOSEPH DE BRIYN (TRUSTEE) IS A GREATER THAN 5% OWNER 128000 MUSICK, PEELER & GARRETT LLP RECEIVED PAYMENTS FOR LEGAL SERVICES. 0 FORM 990, PART VI, SECTION B, LINE 11 A COPY OF FORM 990 IS PRESENTED, REVIEWED, AND APPROVED BY THE BOARD OF TRUSTEES-FINANCE COMMITTEE. OUR FORM 990 IS AVAILABLE FOR REVIEW OR COPY GIVEN TO ANY TRUSTEE REQUESTING IT. FORM 990, PART VI, SECTION B, LINE 12C ON AN ANNUAL BASIS, BOTH THE BOARD OF TRUSTEES AND EXECUTIVE MANAGEMENT PREPARE CONFLICT OF INTEREST TRANSACTION FORMS, AND ANY IMPROPER TRANSACTIONS ARE IDENTIFIED. FORM 990, PART VI, SECTION B, LINE 15 THE UNIVERSITY'S COMPENSATION POLICY IS DESIGNED TO PROVIDE EQUITABLE COMPENSATION TO EACH EMPLOYEE REFLECTIVE OF THE DUTIES AND RESPONSIBILITIES OF HIS/HER POSITION; TO MAINTAIN AN EQUITABLE RELATIONSHIP BETWEEN SALARIES PAID BY THE UNIVERSITY AND THOSE PAID EXTERNALLY FOR COMPARABLE OCCUPATIONAL GROUPS; TO REWARD EMPLOYEES ON THE BASIS OF PERFORMANCE AND LENGTH OF SERVICE, ETC. IN ORDER TO ACHIEVE THESE OBJECTIVES, THE PROGRAM CONSISTS OF POSITION DESCRIPTIONS THAT DEFINE THE CONTENT OF EACH POSITION, A COMPETITIVE SALARY STRUCTURE THAT TAKES INTO ACCOUNT WHAT OTHER ORGANIZATIONS PAY FOR SIMILAR WORK, POSITION EVALUATIONS THAT PLACE POSITIONS INTO APPROPRIATE SALARY GRADES WITHIN THE SALARY STRUCTURE, AND SALARY PLANNING THAT PROVIDES THE BASIS FOR SALARY INCREASES TO RECOGNIZE PERFORMANCE AND SALARY MOVEMENT IN THE EXTERNAL MARKETPLACE. PRESIDENT'S COMPENSATION - THE UNIVERSITY'S BOARD OF TRUSTEES ANNUALLY REVIEWS THE PRESIDENT'S COMPENSATION PACKAGE. THEIR REVIEW IS BASED ON THE STUDY OF COMPARATIVE SALARY AND BENEFITS DATA FOR PRESIDENTS AT COMPARABLE INDEPENDENT COLLEGES AND UNIVERSITIES IN CALIFORNIA. THE MOST RECENT REVIEW OCCURRED DURING 2013 AND BECAME EFFECTIVE JULY 1, 2013. BECAUSE INSTITUTIONS ARE PLACED IN CATEGORIES DEPENDENT ON INSTITUTIONAL CHARACTERISTICS THAT INCLUDE ENROLLMENT, ENDOWMENT, NUMBERS OF FULL-TIME FACULTY, REVENUE BUDGET, ETC., THE BOARD DETERMINES ITS DECISION BY STUDYING NOT ONLY THOSE INSTITUTIONS IN THE SAME CATEGORY AS WOODBURY (GROUP IVA) BUT ALSO THOSE IN GROUP III, GROUPS II-B AND II-A. THE BOARD ALSO EXERCISES FINAL AUTHORITY IN TERMS OF ANY ACROSS-THE-BOARD CPI INCREASES AND/OR CHANGES TO THE BENEFITS PACKAGE. TOP MANAGEMENT, OFFICERS & KEY EMPLOYEES - THE SALARY ADMINISTRATION OBJECTIVES NOTED IN THE INITIAL PARAGRAPH ABOVE UTILIZE A POINT-RATING JOB CLASSIFICATION SYSTEM THAT DETERMINES THE RELATIVE VALUE OF ALL POSITIONS. THE CLASSIFICATION SYSTEM DEFINES THOSE CHARACTERISTICS OF "FACTORS" THAT ARE PRESENT IN ALL POSITIONS EVALUATED WITHIN THE SYSTEM. THE DEGREE TO WHICH EACH "FACTOR" IS PRESENT IN A GIVEN JOB IS DETERMINED AND A POINT VALUE IS ASSIGNED TO EACH FACTOR. THE SUM OF THESE POINT VALUES DETERMINES THE POSITION GRADE THAT RESPONDS TO A SALARY STRUCTURE TO ENSURE EQUITY. THE UNIVERSITY RECOGNIZES THE NEED FOR INDIVIDUALIZED SALARY "STUDIES" FOR SEVERAL TOP MANAGEMENT POSITIONS WHOSE GRADE ASSIGNMENT COMPRISES THE UPPER LEVELS OF THE GRADE STRUCTURE. IN SUCH INSTANCES, SALARIES WITHIN THE SALARY STRUCTURE THAT ARE BELOW MARKET AND THAT ARE REQUIRED TO ATTRACT AND RETAIN QUALIFIED PERSONNEL WHO CAN PERFORM THE TASKS NECESSARY FOR THE SUCCESSFUL OPERATION OF THE UNIVERSITY ARE REVIEWED BY POSITION USING THE SAME CRITERIA AS THE BOARD UTILIZES FOR REVIEW OF THE PRESIDENT'S COMPENSATION PACKAGE. ALL FULL-TIME FACULTY, INCLUDING FULL-TIME LIBRARIANS, ARE COMPENSATED BASED ON ASSIGNED RANK ACCORDING TO A SET OF CRITERIA DEFINED IN THE FACULTY HANDBOOK. THESE CRITERIA COVER EDUCATIONAL REQUIREMENTS, TEACHING EXPERIENCE, PROFESSIONAL DEVELOPMENT AND COMMUNITY SERVICE. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: CHANGE IN MINIMUM PENSION LIABILITY -5,379,857.