2013-05-15T09:39:55-07:00 2012-06-30 990 2011-07-01 860105586 Thunderbird School of Global Management THUN 6029787142 1 Global Place Glendale AZ 85306 Dan Kuster 2013-05-10 2011 2016-02-24 21:20:13Z Ann Iverson 1 Global Place Glendale AZ 85306 74171347 false false X www.thunderbird.edu X 1946 AZ To educate global leaders who create sustainable prosperity worldwide. 40 37 637 37 201523 -21158 12238901 9031039 63313203 63969778 1141401 719628 0 76693505 73720445 5871881 6600626 0 32343200 36101002 0 2096143 31449462 35136397 69664543 77838025 7028962 -4117580 94425353 89225660 44298849 45251192 50126504 43974468 To educate global leaders who create sustainable prosperity worldwide. false false 66742194 6600626 63768255 Provided an education to approximately 1,100 degree seeking students and 3,500 executive education students 66742194 true true false false false false false true false true true false false true true true false true true true true false true false false false false false true true false false false false false false true true true false true true false false false true true true true false false true 999 0 true 637 true true true true OC false false false false false false false false 0 false true false false false false false false false false false X 40 37 false false false false false false false true true false false false true true true true true true true false true true X DAN KUSTER 6029787000 1 Global Place Glendale AZ 85306 Angel Cabrera 40.00 X X 581971 0 38918 Barbara Barrett 40.00 X X 0 0 0 Diane Wittenberg 2.00 X X 0 0 0 Bernard Rethore 2.00 X X 0 0 0 Michael Hecomovich 2.00 X X 0 0 0 G Kelly O'Dea 2.00 X X 0 0 0 Kimberly Wiehl 2.00 X 0 0 0 Susan Stevens 2.00 X 0 0 0 Paul Walsh 2.00 X 0 0 0 Scott Walker 2.00 X 0 0 0 Samir Toubassy 2.00 X 0 0 0 Robert Theleen 2.00 X 0 0 0 J Kenneth Seward 2.00 X 0 0 0 Frances Sevilla Sacasa 2.00 X 0 0 0 David Roberts 2.00 X 0 0 0 William Post 2.00 X 0 0 0 Meredith Peabody 2.00 X 0 0 0 Marshall Parke 2.00 X 0 0 0 Francis Najafi 2.00 X 0 0 0 Lee McIntire 2.00 X 0 0 0 James McClung 2.00 X 0 0 0 Teresa McCaslin 2.00 X 0 0 0 Gary Matus 2.00 X 0 0 0 Clara Lovett 2.00 X 0 0 0 David Lincoln 2.00 X 0 0 0 Blair Sheppard 2.00 X 0 0 0 Ann Iverson 2.00 X 0 0 0 F Richard Hsu 2.00 X 0 0 0 Merle Hinrich 2.00 X 0 0 0 Ron Goode 2.00 X 0 0 0 Sam Garvin 2.00 X 0 0 0 Donna Ecton 2.00 X 0 0 0 Jack Donnelly 2.00 X 0 0 0 Dick DeVos 2.00 X 0 0 0 Douglas Daft 2.00 X 0 0 0 Harry Cockrell 2.00 X 0 0 0 Gary Brukardt 2.00 X 0 0 0 Beth Brooke 2.00 X 0 0 0 Michael Ahearn 2.00 X 0 0 0 Rebecca Henriksen 40.00 X 79788 0 10579 Jim Harnden 40.00 X 137567 0 15486 Dennis Baltzley 40.00 X 112359 0 6251 Humberto Valencia 40.00 X 270318 0 30186 Beth Stoops 40.00 X 146353 0 18767 Timothy Propp 40.00 X 319723 0 38595 Frank Neville 40.00 X 136032 0 23159 Joan Neice 40.00 X 200714 0 21063 Janet Mueller 40.00 X 154140 0 28508 Christopher Lee 40.00 X 423732 0 18689 Kathryn Krecke 40.00 X 204597 0 30392 Kay Keck 40.00 X 178604 0 32265 Mansour Javidan 40.00 X 401700 0 36695 Dennis Hopple 40.00 X 198204 0 29419 Dale Davison 40.00 X 239403 0 30305 David Bowen 40.00 X 297276 0 25740 John Berndt 40.00 X 239918 0 13765 Kannan Ramaswamy 40.00 X 517673 0 33046 Andrew Inkpen 40.00 X 558041 0 26721 Graeme Rankine 40.00 X 519005 0 30965 Caren Siehl 40.00 X 450575 0 12434 Sundaresan Ram 40.00 X 437262 0 8626 John Mathis 40.00 X 325268 0 26454 7130223 587028 71 true true false Riester and Robb 802 North 3rd Ave Phoenix AZ 85003 Marketing 898398 Kennedy Design Build LLC 2908 North Omaha Mesa AZ 85215 Construction 1522730 FLIK International 2400 Yorkmont Rd Charlotte NC 28217 Hospitality Svcs Mgt 921311 Crothall Services Group 955 Chesterbrook Blvd Wayne PA 19087 Facilities Svcs Mgt 2634599 Chartwells Dining Services 2400 Yorkmont Rd Charlotte NC 28217 Food Svcs Mgt 1911916 21 167243 8863796 450902 9031039 Hotel Unrelated 721110 201523 201523 Education Programs 900099 63768255 63768255 63969778 497948 497948 0 0 0 672582 450902 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6715395 4300267 3825157 25570457 25097730 9435171 9612910 44298849 45251192 X 22528163 16274464 13047100 12966642 14551241 14733362 50126504 43974468 94425353 89225660 X -4117580 -2034456 X false true true X true true X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 149041 129690 X X X FOR FUTURE SALE false 18797689 8381885 60000 295957 176308 123492 26643817 16939745 544962 1938048 178710 318794 127562 18797689 14571499 1957026 634482 55047 93261 74954 16939745 0.45400 0.54600 true false false 819743 819743 57854787 28535914 29318873 20039084 16337564 3701520 11492743 7439723 4053020 37893156 Miscellaneous other assets 314289 Due from affiliates 4898282 Deferred costs 1612 Bond issue costs 760909 Art collection 278731 6253823 Post retirement benefits 4397000 Advances from fed govt and others 5215910 9612910 Part X Part X : FIN48 Footnote The school evaluates whether it has uncertain tax positions that should be recognized or derecognized based on a 'more likely than not' threshold for tax positions taken or expected to be taken in a tax return, including those tax positions that would not be sustained upon examination in accordance with guidance related to accounting for uncertainty in income taxes. The school recognizes the effect of income tax positions only if those positions are more likely than not to be sustained. As of June 30, 2012, no uncertain tax positions have been recorded. Part XI, Line 8 Part XI, Line 8: Other Changes in Net Assets or Fund Balances Actuarial loss on retirement benefit obligation $ -275000 Change in unrealized swap value $ -833601 Foreign affiliates currency translation adjustment $ -377812 Foreign affiliates net loss $ -548043 Part V, Line 4 Part V, Line 4: Intended uses of the endowment fund. The school intends to use a portion of the investment return from the endowment to support the school's annual operating expenses as directed by donor specifications. The remainder is to be reinvested in the endowment in order to maintain its purchase power value over time. Part III, Line 4 Part III, Line 4: Description of organization's collections and how it furthers its purpose. Donations of art - some of which were held per donors' intent and some of which were held for sale. true true true true true true true false false false false false false false false true false true Schedule E, Line 3 - Racially Nondiscriminatory Policy Publicized Thunderbird publicizes its racially nondiscriminatory policy annually in the school's bulletin. Schedule E, Line 6 - Explanation of Aid or Assistance from Governmental Agency Thunderbird was awarded a grant from USAID to STRENGTHEN WOMEN ENTREPRENEURSHIP IN PERU BY CONSOLIDATING AGRO-RELATED small and medium-sized enterprises' COMPETITIVENESS THROUGH IMPROVED BUSINESS MANAGEMENT SKILLS.Thunderbird was also awarded a grant from Department of State through World Learning to participate in the Algeria University Linkages Program. true Central America/Carib 0 0 Investments 377602 Europe 0 0 Fundraising 4471 East Asia / The Pacific 0 0 Fundraising 1045 Sub-Saharan Africa 0 0 Program Services Education 162959 South Asia 0 0 Program Services Education 95357 Russia/Independ States 0 2 Program Services Education 424164 Middle East / N Africa 0 0 Program Services Education 135051 Europe 0 1 Program Services Education 511876 East Asia /The Pacific 0 0 Program Services Education 374585 Central America/Carib 0 0 Program Services Education 20908 South America 0 0 Program Services Education 213521 North America 0 0 Program Services Education 431807 3 3 2753346 2753346 X Scholarships to Students Sub-Saharan Africa 1 6849 Check Scholarships to Students South America 21 126125 Check Scholarships to Students Russia/Indep States 2 15047 Check Scholarships to Students North America 15 46213 Check Scholarships to Students Mid East / N Africa 2 12438 check Scholarships to Students Europe 10 58572 Check Scholarships to Students Central America 4 22786 Check true false true true true false Additional Supplemental Information Part I, Line 2Thunderbird awards scholarships to competitive applicants who demonstrate a high level of academic credentials and evidence that they meet specific criteria associated with a specific award.Part I, Line 3Thunderbird has sole ownership in two foreign entities. Thunderbird Europe SARL has one Thunderbird employee that is employed out of its Geneva, Switzerland Office, and Thunderbird Russia has two Thunderbird employees that are employed out of its Moscow, Russia office. Expenditures reported include compensation of those Thunderbird employees.Thunderbird with Technologico De Monterrey jointly offer a graduate program for Latin American managers. As part of the profit sharing agreement all of the revenues earned and expenses incurred are to be jointly shared. Expenditures reported here are Thunderbird's share of expenses incurred by the foreign partner.Thunderbird offers students, through either its degree programs or corporate education, the opportunity to be taught overseas. Generally, all of the related travel and living expenditures incurred for the student is paid for by either the student or the student's employer. Expenditures reported here included the compensation expense of the faculty members while teaching the coursework abroad. true X 0 0 Scholarships to students 344 6312596 Grantmaker's Description of How Grants are Used Part I, Line 2Thunderbird awards scholarships to competitive applicants who demonstrate a high level of academic credentials and evidence that they meet specific criteria associated with a specific award. Thunderbird awards scholarships to students from every continent of the world. X X X true true X X X X X false false false false false false false false false false Timothy Propp 269723 50000 17864 20731 358318 Sundaresan Ram 437262 8172 454 445888 Mansour Javidan 386700 15000 15964 20731 438395 Kay Keck 170104 8500 11907 20358 210869 Kathryn Krecke 189597 15000 13264 17128 234989 Kannan Ramaswamy 517673 12315 20731 550719 John Mathis 325268 9247 17207 351722 John Berndt 209918 30000 13311 454 253683 Joan Neice 172714 28000 12082 8981 221777 Jim Harnden 133567 4000 15486 153053 Janet Mueller 147640 6500 10335 18173 182648 Humberto Valencia 206412 24000 39906 12979 17207 300504 Graeme Rankine 519005 10234 20731 549970 Frank Neville 123374 10000 2658 8636 14523 159191 Dennis Hopple 181204 17000 12684 16735 227623 David Bowen 267276 30000 17219 8521 323016 Dale Davison 232903 6500 13098 17207 269708 Christopher Lee 162351 30000 231381 11585 7104 442421 Caren Siehl 450575 6522 5912 463009 Beth Stoops 146353 10245 8522 165120 Angel Cabrera 395385 135000 51586 18187 20731 620889 Andrew Inkpen 558041 12510 14211 584762 Sch J, Part I, Line 1a Part I, Line 1a: Relevant information in regards to selections on 1a. Part I, Line 1aPresident Angel Cabrera, as stipulated by his employment agreement, is provided allowances for housing and automobile expenses, and both amounts were reported as taxable compensation on his Form W-2 and on Schedule J, Column B. In addition, President Cabrera is provided a country club membership, which is also reported as taxable compensation on his Form W-2 and on Schedule J, Column B. Vice President Chris Lee, as a condition of the position, is required to live in Moscow, Russia and is provided housing, a transportation allowance, an expatriate market adjustment, and tuition for his children. Those amounts are reported as taxable compensation on his Form W-2 and on Schedule J, Column B. John Kenneth Seward Relinquish LP interest X 994818 253219 false true true 253219 Humberto Valencia VP Distance Learning 38772 Child tuition assistance Frank Neville VP Global Communications 11862 Tuition assistance John Kenneth Seward Trustee 134468 Promisory note repayment false Gary Matus Trustee 132617 Fees paid to RSR Partners false X 12 450902 AVERAGE HI/LOW PRICE false true false Form 990, Part VI, Line 19 Form 990, Part VI, Line 19: Other Organization Documents Publicly Available The school is not required to make these documents available to the public. Summary financial statements are included in the school's annual report on giving and The Thunderbird Magazine (http://magazine.thunderbird.edu/). Form 990, Part VI, Line 12c Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts On an annual basis, the school distributes a conflict of interest acknowledgment to each officer, trustee and key employee of the school. The acknowledgment describes the school's conflict of interest policy and provides an opportunity for the person to disclose any interests that could give rise to a conflict of interest. Each person is required to return the acknowledgment signed, to affirm that they have received, read and understood, and agreed to comply with the policy. In addition to the signed acknowledgment, the school consistently reviews all financial transactions to identify and resolve potential conflicts. Form 990, Part VI, Line 11 Form 990, Part VI, Line 11: Form 990 Review Process Form 990 was reviewed by the CFO and the Controller's office and a copy of the Form 990 was provided to all Board members in advance of it being filed with the IRS. 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