2013-05-10T17:28:46-05:00 2012-06-30 910189318 MOSS ADAMS LLP 3121 WEST MARCH LANE SUITE 100 STOCKTON CA 952192303 990 2011-07-01 952786163 WOODBURY UNIVERSITY WOOD 8187670888 7500 GLENOAKS BLVD BURBANK CA 915107846 KENNETH JONES 8187670888 2013-05-09 1 TRACY S PAGLIA P00366884 2099556100 2011 2016-02-24 21:20:13Z DR LUIS CALINGO 7500 GLENOAKS BLVD BURBANK CA 915107846 55333542 0 X WWW.WOODBURY.EDU X 1884 CA UNIVERSITY PROGRAMS FOR STUDENTS THAT LEADS TO AN UNDERGRADUATE OR GRADUATE DEGREE. 27 25 949 30 0 0 3257460 3946017 39058728 41707865 448822 82629 2875938 2935077 45640948 48671588 8290277 9698398 0 0 22812448 23697320 53865 9570 1130074 14191555 13918001 45348145 47323289 292803 1348299 72574597 71880883 33452837 35254199 39121760 36626684 X WOODBURY UNIVERSITY IS COMMITTED TO PROVIDING THE HIGHEST LEVEL OF PROFESSIONAL AND LIBERAL ARTS EDUCATION. THE INTEGRATED NATURE OF OUR EDUCATIONAL ENVIRONMENT CULTIVATES SUCCESSFUL STUDENTS WITH A STRONG AND ENDURING SENSE OF PERSONAL AND SOCIAL RESPONSIBILITY. WE PREPARE INNOVATIVE LEARNERS WHO ARE ADEPT TO COMMUNICATING AND WILLING TO CROSS THE BOUNDARIES OF KNOWLEDGE IN A RAPIDLY CHANGING AND COMPLEX WORLD. 0 0 38856001 9698398 41707865 UNIVERSITY PROGRAMS FOR STUDENTS THAT LEADS TO AN UNDERGRADUATE OR GRADUATE DEGREE 38856001 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 0 1 0 0 0 0 0 0 0 0 0 0 0 1 137 0 1 949 1 0 0 0 0 0 1 1 0 0 0 0 X 27 25 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 0 1 1 0 CA X KENNETH J JONES 8187670888 7500 GLENOAKS BLVD BURBANK CA 915107846 KENNETH NIELSEN 40.00 X X 275453 0 70528 BRIAN BOWMAN 1.00 X 0 0 0 STEPHEN CHANDLER 1.00 X 0 0 0 MARLA CLEMOW 1.00 X 0 0 0 HARVEY COVA 1.00 X 0 0 0 JOSEPH DE BRIYN 1.00 X 0 0 0 RUSSELL HANLIN 1.00 X 0 0 0 LAWRENEC HURWITZ 1.00 X 0 0 0 JAMES INMAN 1.00 X 0 0 0 CHARLES JACKSON 1.00 X 0 0 0 RICHARD KING 1.00 X 0 0 0 ROZELLA KNOX 1.00 X 0 0 0 ROBERT KUMMER 1.00 X X 0 0 0 GREGORY LIPPE 1.00 X 0 0 0 LOUIS NAIDORF 1.00 X 45981 0 0 LAWRENCE SHOAF 1.00 X X 0 0 0 RONALD SODERLING 1.00 X 0 0 0 EDWARD SPIEGEL 1.00 X 0 0 0 JUDITH TAMKIN 1.00 X 0 0 0 CARL TERZIAN 1.00 X 0 0 0 WILLIAM THOMAS 1.00 X 0 0 0 EDDIE WANG 1.00 X 0 0 0 DAVID ST AMANT 1.00 X 0 0 0 DAVID CRONENBOLD 1.00 X 0 0 0 PEGI MATSUDA 1.00 X 0 0 0 DAVID MISCH 1.00 X 0 0 0 WALTER MOSHER JR 1.00 X 0 0 0 ANI OKKASIAN 1.00 X 0 0 0 KENNETH JONES 40.00 X 184346 0 24507 SETA JAVOR 40.00 X 85476 0 10404 DAVID ROSEN 40.00 X 217815 0 27660 RICHARD NORDIN 40.00 X 211289 0 27032 DONALD ST CLAIR 40.00 X 189515 0 27704 STEVE DYER 40.00 X 162050 0 22379 ANDRE VAN NIEKERK 40.00 X 214771 0 27367 JOHN KARAYAN 40.00 X 151108 0 20746 PAUL DECKER 40.00 X 159601 0 22167 NORMAN MILLAR 40.00 X 147051 0 20291 PHYLLIS CREMER 40.00 X 144468 0 15709 2188924 0 316494 44 0 1 0 S3 BUILDERS PO BOX 11478 BURBANK CA 91510 CONSTRUCTION COMPANY 1489039 ANTHEM BLUE CROSS DEPT 5812 LOS ANGELES CA 90074 HEALTH CARE PROVIDER 1201363 BON APPETIT 1000 WEST TEMPLE STREET FILE 5019 LOS ANGELES CA 90074 CATERING/DINING HALL SERVICES 1065633 RENAISSANCE AGENCIES INC 12121 WILSHIRE BLVD STE 1001 LOS ANGELES CA 90025 STUDENT HEALTH INSURANCE PROVIDER 529488 IN FOCUS ADVERTISING 29219 CANWOOD STREET STE 101 AGOURA HILLS CA 91301 MARKETING 468474 24 91823 2541692 1312502 3946017 TUITION AND FEES 900099 41678269 41678269 PERKINS LOAN INTEREST 900099 29596 29596 41707865 314950 314950 6346148 6578469 -232321 -232321 -232321 76800 91823 83485 -6685 -6685 AUXILIARY ENTERPRISES 611710 1783951 1783951 1157811 1157811 2941762 48671588 41707865 0 3017706 9698398 9698398 1809817 45601 1525895 238321 128833 35000 93833 17197056 15507535 1243918 445603 1729160 1381254 276465 71441 1217449 931503 224755 61191 1615005 1350931 205789 58285 68484 63909 4575 157717 157717 9570 9570 72976 72976 1000864 462578 529286 9000 1221514 20933 1179622 20959 701854 520666 141614 39574 349703 183002 166701 806869 490408 310690 5771 249742 194490 49856 5396 242559 131552 101763 9244 1273239 1273239 2607666 2607666 196849 196849 RESIDENTIAL FOOD SERV. 875364 875364 SECURITY 407553 289480 118073 STUDENT ACTIVITY EXPENS 376958 337190 38680 1088 RESTRICTED EXPENSE 373273 373273 2934817 2180938 697656 56223 47323289 38856001 7337214 1130074 2813467 3850676 2122207 1678756 2050853 1508924 841687 753849 68276714 23487820 45324549 44788894 16084441 16091925 1711819 1680959 1625574 1526900 72574597 71880883 909681 822873 1208119 1516848 24785000 24260000 1162024 909967 5388013 7744511 33452837 35254199 X 30484069 27289752 3943843 4343136 4693848 4993796 39121760 36626684 72574597 71880883 X 1348299 -3843375 X 0 1 1 X 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 16732675 715250 -87944 458951 16901030 13484576 1210587 2166207 128695 16732675 10799498 1637495 1190555 142972 13484576 12307670 630268 -1989440 149000 10799498 0.80340 0.19370 0.00290 1 0 7384774 7384774 51397774 16035976 35361798 6272281 4689895 1582386 3221885 2761949 459936 44788894 OTHER PAYABLES 118754 ACCRUED PENSION 6308873 BOND INTEREST PAYABLE 571917 STUDENT FUNDS PAYABLE/DEPOSITS 630935 GIFT ANNUITY OBLIGATION 114032 7744511 48671588 47323289 1348299 -433720 -3409655 -3843375 -2495076 35140324 -433720 83485 -350235 35490559 72976 13108053 13181029 48671588 37635400 83485 83485 37551915 72976 9698398 9771374 47323289 DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: 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. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: THE UNIVERSITY HAD NO UNRECOGNIZED TAX BENEFITS AT JUNE 30, 2012 AND 2011, RESPECTIVELY. THE UNIVERSITY FILES AN EXEMPT ORGANIZATION RETURN IN THE U.S. FEDERAL JURISDICTION AND WITH THE CALIFORNIA FRANCHISE TAX BOARD. THE UNIVERSITY IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS BY TAXING AUTHORITIES FOR YEARS BEFORE 2007 FOR ITS FEDERAL AND 2006 FOR ITS STATE TAX FILINGS. PART XI, LINE 8 - OTHER ADJUSTMENTS: CHANGE IN MINIMUM PENSION LIABILITY -3,409,655. PART XII, LINE 2D - OTHER ADJUSTMENTS: RECLASS SPECIAL EVENT EXPENSE 83,485. PART XII, LINE 4B - OTHER ADJUSTMENTS: EXPENSE RECLASS - FUNDED SCHOLARSHIPS 8,926,886. EXPENSE RECLASS - FINANCIAL AID 771,512. CHANGE IN MINIMUM PENSION LIABILITY 3,409,655. PART XIII, LINE 2D - OTHER ADJUSTMENTS: RECLASS SPECIAL EVENT EXPENSE 83,485. PART XIII, LINE 4B - OTHER ADJUSTMENTS: EXPENSE RECLASS - FINANCIAL AID 8,926,886. EXPENSE RECLASS - FUNDED SCHOLARSHIPS 771,512. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 EXPLANATION OF NONDISCRIMINATORY POLICY PUBLICATION 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. EXPLANATION OF GOVERNMENT FINANCIAL ASSISTANCE SCHEDULE E, PART I, LINE 6 THE UNIVERSITY PARTICIPATES IN THE PERKINS LOAN PROGRAM. FASHION SHOW BENEFIT 168623 91823 76800 34758 48727 168623 91823 76800 34758 48727 83485 -6685 1 INSTITUTIONAL STUDENT AID 1084 8926886 FUNDED SCHOLARSHIPS 172 771512 PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, 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 1 1 X X X X X 0 0 0 0 0 0 0 0 0 KENNETH NIELSEN 262498 0 0 0 12955 0 32711 0 37817 0 345981 0 0 0 KENNETH JONES 184346 0 0 0 0 0 17812 0 6695 0 208853 0 0 0 DAVID ROSEN 217815 0 0 0 0 0 20965 0 6695 0 245475 0 0 0 RICHARD NORDIN 211289 0 0 0 0 0 20337 0 6695 0 238321 0 0 0 DONALD ST CLAIR 189515 0 0 0 0 0 21009 0 6695 0 217219 0 0 0 STEVE DYER 162050 0 0 0 0 0 15684 0 6695 0 184429 0 0 0 ANDRE VAN NIEKERK 214771 0 0 0 0 0 20672 0 6695 0 242138 0 0 0 JOHN KARAYAN 151108 0 0 0 0 0 14149 0 6597 0 171854 0 0 0 PAUL DECKER 159601 0 0 0 0 0 15510 0 6657 0 181768 0 0 0 NORMAN MILLAR 147051 0 0 0 0 0 13809 0 6482 0 167342 0 0 0 PHYLLIS CREMER 144468 0 0 0 0 0 15217 0 492 0 160177 0 0 0 PART I, LINE 1A THE UNIVERSITY PAYS THE MONTHLY MEMBERSHIP DUES FOR THE SOCIAL CLUBS TO WHICH BOTH DR. NIELSEN AND MR. VAN NIEKERK BELONG. CALIFORNIA EDUCATIONAL FACILITIES AUTHORITY 521705592 130178BGO 2006-01-11 19894727 CONSTRUCTION OF BUILDINGS 0 0 0 CALIFORNIA EDUCATIONAL FACILITIES AUTHORITY 521705592 130178FR2 2007-02-27 7190996 CONSTRUCTION OF BUILDINGS 0 0 0 19974619 1292249 438210 139506 13728602 2008 1 0 1 1 7224646 420575 143889 36071 6617500 2008 0 0 1 1 0 0 0 0 0.00000 0.00000 0.00000 1 0 0 0 0 0.00000 0.00000 0.00000 1 0 0 0 1 CITIGROUP FINANCIAL PRODUCTS INC 1.900000000000 1 0 0 0 0 0 0 0 0 SCHEDULE K SUPPLENTAL INFORMATION THE ISSUE PRICE REPORTED ON SCHEDULE K, PART I, LINE B, COLUMN (E) OF $7,190,996 IS NOT THE SAME AMOUNT AS FORM 8038, PART III, LINE 21(B) AS WOODBURY UNIVERSITY IS NOT THE ONLY RECIPIENT OF FUNDS FROM THE ISSUE. SCH K, PART II, LINE 3 THE DIFFERENCE BETWEEN PART I COLUMN (E) ISSUE PRICE AND PART II LINE 3 TOTAL PROCEEDS OF ISSUE IS INVESTMENT INCOME ON RESERVE FUNDS. SCH K, PART V THE UNIVERSITY IS IN THE PROCESS OF DEVELOPING AND IMPLEMENTING APPROPRIATE WRITTEN PROCEDURES. IN THE MEANTIME, THE UNIVERSITY HAS EFFECTIVE MANAGEMENT REVIEWS AND MONITORING CONTROLS IN PLACE TO PREVENT OR DETECT ANY MATERIAL MISSTATEMENTS RELATED TO BONDS. ROSE NIELSEN WIFE OF DR. KENNETH NIELSEN, PRESIDENT 93833 EMPLOYMENT 0 JANET MCINTYRE WIFE OF DON ST. CLAIR, KEY EMPLOYEE 35000 INDEPENDENT CONTRACTOR 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 2012 AND BECAME EFFECTIVE JULY 1, 2012. 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. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED LOSSES ON INVESTMENTS: -433,720. CHANGE IN MINIMUM PENSION LIABILITY -3,409,655. TOTAL TO FORM 990, PART XI, LINE 5: -3,843,375.