2015-05-15T07:16:30-05:00 2014-06-30 420714325 McGladrey LLP 1001 Lakeside Avenue East Suite 200 Cleveland OH 44114 990 2013-07-01 310536640 Antioch University ANTI 9377691372 900 Dayton Street Yellow Springs OH 45387 Timothy G Jordan Vice Chancellor and CFO 9377691372 2015-05-14 1 Zachary Fortsch P00052725 2165231900 2013 2016-04-25 22:37:26Z X Felice Nudelman 900 Dayton Street Yellow Springs OH 45387 86297126 0 X www.Antioch.edu X 1852 OH Antioch University provides learner-centered education to empower students with the knowledge and skills to lead meaningful lives and to advance social, economic, and environmental justice. 14 14 1002 150 10750 0 5017975 4469772 61672189 59738490 877874 6624000 872513 903020 68440551 71735282 4049767 3133060 0 0 48342373 45462239 40250 886525 2941417 21418970 23807148 73851360 73288972 -5410809 -1553690 69426730 71907658 33995366 35174940 35431364 36732718 X Antioch University provides learner-centered education to empower students with the knowledge and skills to lead meaningful lives and to advance social, economic, and environmental justice. 0 0 55262748 3133060 59738490 Antioch University is a bold and enduring source of innovation in higher education, serving nearly 5,000 adult students around the world and across the country, online and from its five campuses in four states, in addition to its university-wide international and doctoral programs. Each campus offers degree programs that meet-and often anticipate-the pressing needs of its region and the wider world. During fiscal year 2014 (July 1, 2013 to June 30, 2014), the University completed successful executive searches and welcomed new leadership at two of our five campuses Seattle and New England. The University received reaffirmation of its accreditation by the Higher Learning Commission in December 2013. As a result, the University was re-accredited for 10 years. The effort, which included the completion of a significant "self-study" and comprehensive site visits to all campuses, helped move the University forward in many ways as "one integrated university" that is aligned to its mission and constantly adapting to best serve its target market.In addition, Antioch University was invited to participate in three national programs that are exploring higher education models for the future. Through a competitive process, the Competency-based Education Network (C-BEN) accepted Antioch University as one of 18 higher education institutions and two major systems to address common challenges in designing and developing competency-based degree programs and related business models. Second, the University was accepted into the second cohort of institutions to participate in the Higher Learning Commission's Academy on Student Persistence and Completion. Through the Academy, Antioch University will build its capacity to improve students' persistence and completion in their undergraduate degree programs by focusing on effective collection of data, evaluation and improvement of current strategies, and the development of new strategies. Third, through Next Generation Learning Challenges, Antioch University is joining eight other colleges and universities to form incubator teams that will re-think education and business models as they consider competency-based program development. 55262748 1 1 0 0 0 0 0 0 1 1 1 0 0 0 1 1 1 0 1 1 1 0 0 1 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 4825 0 1 1002 1 1 1 0 0 0 0 1 1 0 0 0 0 X 14 14 0 1 1 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CA NH OH WA X X Timothy G Jordan 9377691304 900 Dayton Street Yellow Springs OH 45387 Bruce Bedford Governor 5.00 X 0 0 0 Howard Coleman Chair of the Board 15.00 X 0 0 0 Maureen Curley Governor 5.00 X 0 0 0 Enrique Figueroa Governor 5.00 X 0 0 0 Lance Dublin Governor 5.00 X 0 0 0 William Graves Governor 5.00 X 0 0 0 Reuben Harris Governor 5.00 X 0 0 0 Carole Isom-Barnes Governor 5.00 X 0 0 0 Elsa Luna Governor 5.00 X 0 0 0 Janet Morgan Governor 5.00 X 0 0 0 James Morley Governor, Treasurer 5.00 X X 0 0 0 Charlotte Roberts Vice Chair 10.00 X 0 0 0 Lawrence Stone Governor 5.00 X 0 0 0 Holly McKiernan Governor 5.00 X 0 0 0 Paul Mutty Governor 5.00 X 0 0 0 Felice Nudelman Chancellor/President/CEO/Secretary 55.00 X 331867 0 53937 Timothy Jordan VC/CFO/Treasurer 55.00 X 166550 0 34240 Leslie Johnson Assistant Secretary 55.00 X 69716 0 16855 Tex Boggs LA Campus President 55.00 X 223324 0 27970 Ellen Hall AUM Campus President 55.00 X 199600 0 0 Nancy Leffert SB Campus President 55.00 X 207991 0 40359 Laurien Alexandre Dir PhD in Leadership/Sp Asst to Chancellor 55.00 X 190859 0 37898 William Groves General Counsel 55.00 X 239214 0 36234 Charlotte Tullos VC Advancement 55.00 X 165282 0 0 David Houser Regional CFO, West Coast 45.00 X 164024 0 22841 Rebecca Todd Associate General Counsel 45.00 X 162974 0 23118 Luis Pedraja Provost and VPAA 45.00 X 140211 0 38821 Iris Weisman VC Academic Afairs 45.00 X 148778 0 32319 Dale Johnston Distinguished Professor 45.00 X 134211 0 18327 Cassandra Manuelito-Kervliet SE Campus President 0.00 X 109623 0 19571 David Caruso NE Campus President 0.00 X 216939 0 30837 2871163 0 433327 28 1 1 0 Ellucian Co LP 2300 Maitland Ctr Pkwy Maitland FL 32751 Management Consultant 1409742 Cookson Strategies Corporation 36 Lowell St Manchester NH 03101 Marketing Consultant 733660 Fritz Creative Inc 1222 State St Ste 200 Santa Barbara CA 93101 Marketing Consultant 255881 Community Counseling Service 155 North Wacker Suite 1790 Chicago IL 60606 Fundraising Consultant 219483 Allyson B Wells 13315 Ashford Dr Lake Bluff IL 60044 Admissions Consultant 181133 12 7525 2420445 2041802 29898 4469772 Tuition 900099 59355453 59355453 Contracts 900099 358237 358237 Bookstore 451211 20041 20041 Srvcs of Auxillary Enterprises 900099 4759 4759 59738490 847086 847086 278915 0 278915 278915 10750 268165 9682072 10643269 9155746 5392681 526326 5250588 5776914 5776914 8485 7525 13417 -4932 -4932 629037 629037 629037 71735282 59738490 10750 7516270 3133060 3133060 2415230 109567 1544181 761482 33598392 27878163 5268339 451890 3000416 2438690 525912 35814 3573984 3089702 441180 43102 2874217 2369366 468112 36739 1217484 1217484 258704 675 258029 133500 133500 886525 886525 66706 66706 3161775 2464142 109340 588293 2207339 2060183 135935 11221 3154745 1816589 1282270 55886 2076832 254841 1821974 17 4927621 4668215 259406 1523330 1127549 380268 15513 742939 415737 317750 9452 454466 434324 20142 1993751 1798283 195468 35604 25355 10249 Memberships & Dues 583439 425986 155659 1794 Bad Debt Expense 188959 6023 182936 Subscriptions and Publi 117148 100057 16450 641 962806 646241 273517 43048 73288972 55262748 15084807 2941417 4957861 4818087 1799155 1354039 944619 1630320 5154179 5427495 2224887 1917259 45036791 20395319 26658935 24641472 27298475 32118986 388619 0 69426730 71907658 6524231 6841000 3673581 5220983 18085000 17130000 185304 283725 276956 783160 5250294 4916072 33995366 35174940 X 22320721 23351964 8729009 8955898 4381634 4424856 35431364 36732718 69426730 71907658 X -1553690 2934339 -79295 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 185304 72481315 72579736 283725 1 X 8256526 43574 1087692 239157 9148635 7686521 52667 669093 53881 97874 8256526 7549974 33860 223317 46354 74276 7686521 3515588 334124 3754020 15090 38668 7549974 25319935 70015 1239303 19128 69354 23025183 3515588 0.04110 0.43910 0.51980 0 0 207720 207720 39441306 20395319 19045987 4514194 4514194 873571 873571 24641472 Student Loan Advances 4916072 4916072 X 73181823 2934339 105229 3039568 70142255 1593027 1593027 71735282 71880469 184524 184524 71695945 1593027 1593027 73288972 Part IV, Line 2b: Deposits held for others are tuition payments made by the students and either 1) not yet applied to the student account, or 2) are overpayments to be refunded to the student. Part V, Line 4: The University's endowment consists of approximately 24 individual donor restricted endowment funds established for a variety of purposes. The endowment of the University can be broken down into the following general categories: 29% student aid; 71% general institutional support. Part X, Line 2: The University is a qualifying organization under Section 501(c)(3) of the Internal Revenue Code (IRC) and is, therefore, exempt from income taxes under the IRC Section 501(a) on its normal operations. However, the University is taxed on other unrelated income, if any. The University is subject to federal income tax on rental income. The University follows FASB guidance on accounting for uncertainty in income taxes, which 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, the continued tax-exempt status of bonds issued by the University, and various positions related to the potential sources of unrelated business taxable income (UBIT). The tax benefits recognized in the financial statements from such a position are measured based on the largest benefit that has a greater than 50 percent likelihood of being realized upon ultimate settlement. The guidance on accounting for uncertainty in income taxes also addresses de-recognition, classification, interest and penalties on income taxes, and accounting in interim periods. At June 30, 2014 there were no unrecognized tax benefits indentified or recorded as liabilites. The University files Forms 990 and 990-T in the U.S. federal jurisdiction and the required states. With few exceptions, the University is no longer subject to examination by the Internal Revenue Service for years before 2010. Part XI, Line 2d - Other Adjustments: Change in fair value of interest rate swaps 105,229. Part XI, Line 4b - Other Adjustments: Financial Aid 1,593,027. Part XII, Line 2d - Other Adjustments: Postretirement changes other than net periodic postretirement cost 184,524. Part XII, Line 4b - Other Adjustments: Financial Aid 1,593,027. 1 1 0 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 Schedule E, Part I, Line 3 See Part II of Schedule E Schedule E, Part I, Line 6 The University participates in the Federal Financial Aid program administered by the Department of Education as well as grant programs from the various states the University operates in. Schedule E, Part 1 Line 3 Antioch University, formerly known as Antioch College, has a proud history of being one of the first institutions in the mid 1850's to admit African Americans into the same academic programs as whites. It is also notably the alma mater of Coretta Scott King and others who worked for the civil rights movements of the 1960's. Shortly after its incorporation in 1852, it amended its articles of incorporation to provide that, "nor shall religious or theological opinions of any kind or considerations of race, creed, or national origin ever be used as a basis for excluding a person from its benefits." The University has since expanded its policy of nondiscrimination requiring that "Antioch provides equal opportunity for all qualified applicants and does not discriminate on the basis of race, color, gender, ancestry, religion, national origin, sexual orientation, gender identity, family status or disability in matters affecting employment or in providing access to programs." It now includes its nondiscrimination policy statement in all brochures and other recruitment materials as well as in the course catalog. Finally, the policy is clearly posted on the website of each University campus and program. Further, as per section 4.03 paragraph c, the University currently enrolls students of racial minorities in meaningful numbers. Per section 4.03 paragraph b of Rev. Proc. 75-50, 1975-2 CB 587, the University is not required to further annually publish its nondiscriminatory policy in the local community because it draws a substantial percentage of its students from a nationwide or large geographical area, as well as internationally. South America - Argentina, Bolivia, 0 2 Program Services Study Abroad Program 121984 South Asia - Afghanistan, Bangladesh, 0 6 Program Services Study Abroad Program 419227 Europe (Including Iceland & Greenland) - 1 2 Program Services Study Abroad Program and Recruiting 325905 East Asia and the Pacific - 0 1 Program Services Study Abroad Program 139383 Sub-Saharan Africa - Angola, 0 1 Program Services Study Abroad Program 126850 1 12 0 0 1 12 1133349 0 1133349 0 0 0 0 0 0 Part I, line 3: The University reports expenditures in foreign countries per accounting principals generally accepted in the United States. Currency conversion occurs at the time the expense is incurred, or reimbursed by the University. X X X X X X X 1 Community Counseling Service 155 North Wacker Suite 1790 Chicago IL 60606 Consulting 0 0 886525 -886525 886525 -886525 AL AK AZ AR CA CO CT DE FL GA HI ID IL IN IA KS KY LA ME MD MA MI MN MS MO MT NE NV NH NJ NM NY NC ND OH OK OR PA RI SC SD TN TX UT VT VA WA WV WI WY Horace Mann Dinner & Awards 15050 7525 7525 556 1092 6040 198 AULA Alumni Awards&Reunions Dinner 960 960 44 2000 1878 1609 16010 7525 8485 600 3092 7918 1807 13417 -4932 1 Student Financial Aid, Scholarships, and Fellowships 3086 3133060 Part I, Line 2: The University follows guidelines set by the Department of Education, and State Governments, to ensure that grants to students are awarded to eligible recipients. All documentation regarding the awarding of these grants is maintained in the student file. X X 1 1 X X X 0 0 0 0 0 0 0 0 0 Felice Nudelman Chancellor/President/CEO/Secretary 270000 0 50000 0 11867 0 41600 0 12337 0 385804 0 0 0 Timothy Jordan VC/CFO/Treasurer 163456 0 0 0 3094 0 21955 0 12285 0 200790 0 0 0 Tex Boggs LA Campus President 205000 0 0 0 18324 0 26650 0 1320 0 251294 0 0 0 Ellen Hall AUM Campus President 190000 0 0 0 9600 0 0 0 0 0 199600 0 0 0 Nancy Leffert SB Campus President 205013 0 0 0 2978 0 27707 0 12652 0 248350 0 0 0 Laurien Alexandre Dir PhD in Leadership/Sp Asst to Cha 188404 0 0 0 2455 0 25581 0 12317 0 228757 0 0 0 William Groves General Counsel 237218 0 0 0 1996 0 28403 0 7831 0 275448 0 0 0 Charlotte Tullos VC Advancement 155282 0 0 0 10000 0 0 0 0 0 165282 0 0 0 David Houser Regional CFO, West Coast 162818 0 0 0 1206 0 21166 0 1675 0 186865 0 0 0 Rebecca Todd Associate General Counsel 161820 0 0 0 1154 0 21068 0 2050 0 186092 0 0 0 Luis Pedraja Provost and VPAA 139554 0 0 0 657 0 19071 0 19750 0 179032 0 0 0 Iris Weisman VC Academic Afairs 147297 0 0 0 1481 0 20068 0 12251 0 181097 0 0 0 Dale Johnston Distinguished Professor 126177 0 0 0 8034 0 16728 0 1599 0 152538 0 0 0 Cassandra Manuelito-Kervliet SE Campus President 109623 0 0 0 0 0 14795 0 4776 0 129194 0 0 0 David Caruso NE Campus President 210081 0 0 0 6858 0 27337 0 3500 0 247776 0 0 0 Part I, Line 1a The following individuals received a taxable housing allowance: -Felice Nudelman received a taxable housing allowance of $6,000. -Charlotte Tullos received a taxable housing allowance of $10,000. -Ellen Hall received a taxable housing allowance of $9,600. -Tex Boggs received a taxable housing allowance of $7,200. First class airline tickets are allowed only in accordance with the University travel policy and are provided as a nontaxable benefit. Charter travel is not provided. Nancy Leffert received a first class travel benefit per the University travel policy during the fiscal year. Part I, Line 1b The University does not maintain a written policy regarding the housing allowance. However, the awarding of the allowance is reviewed and approved by the executive committee of the Board of Governors each year. Further, the terms and uses of the allowances are outlined in the officer's employment contract. A Ohio Higher Education Facility Commission 346849674 67756BRB8 2006-03-03 13795000 Refund of June 1997 and 2000 Bonds and new construction 2006 0 0 0 B New Hampshire Health and Education Facilities Authority 020279866 644614KR9 2004-12-17 4320000 Refund of bonds issued in April 1993 and costs of issuance 0 0 0 C Washington State Housing Finance Commission 911874730 93978LCK0 2005-05-18 6780000 Refund of bonds issued in June 1996 and costs and issuance 0 0 0 A 3985000 13795000 1761255 251537 125678 11656530 2007 1 0 1 1 B 1540000 4320000 4186055 86400 40248 7297 2004 1 0 1 1 C 2240000 6780000 135600 68487 6575913 2006 0 1 1 1 A 0 0 0 0 0.00500 0.00500 1 0 0 B 0 0 0 0 0 0 0 C 0 0 0 0 0 0 0 A 0 0 0 1 1 1 PNC 5.600000000000 0 0 0 0 0 B 0 0 1 0 1 1 PNC 5.600000000000 0 0 0 0 0 C 0 0 1 0 1 1 Morgan Stanley 1.400000000000 0 0 0 0 0 A 1 B 1 C 1 Date Rebate Computation Performed Issuer Name: Ohio Higher Education Facility Commission Date the Rebate Computation was Performed: 03/24/2011 X 3 20911 Sale price X Furniture 1 4987 Reported by donor X Piano 1 4000 Reported by donor 0 0 1 1 Part I, Column (b): is the number of contributions. Part I, Line 32b: A third party service processes the donation of cars, boats and vehicles. Only the net proceeds are forwarded to the University. All reporting paperwork is completed by the third party. Form 990, Part VI, Section A, line 1 In Article IV of the Board of Governors by-laws, section 4.4 states: Authorization for the Executive Committee to Act on Behalf of the Board of Governors. When certain matters ordinarily appropriate for subsequent action by the Board of Governors may be deemed to be appropriate by the Board to be delegated to its Executive Committee on behalf of the Board of Governors, the Board may formally provide such advance authorization by formal action, the terms of which shall be recorded in the minutes of the meeting of the Board of Governors. The Executive Committee shall consist of the following ex-officio members: the Chair of the Board of Governors who shall also serve as its chair, Vice Chair of the Board of Governors, Board Treasurer, the chairs of all standing committees other than those chaired by the Board Vice Chair or Board Treasurer, and Chancellor (without vote). They each shall serve on the Committee as long as they hold their respective leadership positions. Additionally, at least one at-large member shall be nominated annually by the Governance Committee for a renewable one-year term for election by the Board of Governors. Such person shall not serve for more than two consecutive years as the at-large member of the Executive Committee. Form 990, Part VI, Section A, line 3 The position of Chief Information Officer and the three Information Technology Directors are filled by employees of Ellucian as a part of the service contract the University has entered into with that organization. Form 990, Part VI, Section A, line 4 The by-laws were amended to improve and clarify the relative roles of the Board of Governors, Boards of Trustees, and the Chancellor. The revised by-laws represent an appropriate balance of reserved and delegated authority which will improve the effectiveness of each campus and the vitality and flexibility of the University moving forward, while at the same time reaffirming that Antioch University is one integrated university and that ultimate fiduciary responsibility for the University lies with the Board of Governors. Form 990, Part VI, Section B, line 11 The Form 990 was reviewed by management and a copy was provided to the full Board of Governors ("BOG"). Questions from the BOG were reviewed and discussed by the Audit Committee with management prior to filing of the Form 990. Form 990, Part VI, Section B, line 12c The University Conflict of Interest policy is reviewed annually by each officer and member of the Board of Governors (as well as local campus Board of Trustees). Each individual signs a form annually confirming they have reviewed and understand the policy and disclosing any conflicts they may have. The Board of Governor's annually reviews these forms and approves a resolution stating that all officers and board members have submitted their form. If any conflicts are noted, the board will review the relationship and transaction and determine if further action is necessary. Each time a significant new contract is entered into outside of the annual disclosure period, the Board of Governors is questioned as to whether any conflict of interests exists. Management also does an assessment of any possible conflicts, as well, at this time. When a conflict may arise, depending on the circumstance, the member may either need to recuse him/herself during discussions of the conflicted activity, or they may be asked to resign. Form 990, Part VI, Section B, line 15 The Compensation Committee made up of independent members of the Executive Committee. They review industry data from several reputable sources. These sources included survey data of dozens of industry peers. In addition, the Committee would take into consideration the financial health of the institution and the increases provided to other key employees within the University. The Committee held discussions and ultimately voted upon the compensation provided to the Chancellor for the following year. The process was documented. For other officers and key employees, the Chancellor reviews industry data for comparable institutions. In addition, performance evaluations were completed. A compensation recommendation for these employees is based on this data, which is provided by the Chancellor to the Executive Committee who then votes on the final compensation. The process was documented. Form 990, Part VI, Section C, line 19 The University's governing documents are made available to the public at the University's website http://www.antioch.edu/policies/. The financial statements are available on the University's website. Form 990, Part XI, line 9: Change in fair value of interest rate swaps 105,229. Postretirement changes other than net periodic postretirement cost -184,524.