2012-05-14T12:00:06-05:00 2011-06-30 CROWE HORWATH LLP 101 E Kennedy Blvd Suite 1250 Tampa FL 336025197 990 2010-07-01 590624412 JACKSONVILLE UNIVERSITY JACK 9042567082 2800 University Boulevard North Jacksonville FL 32211 GEORGE SCADUTO 2012-05-14 true 8132231316 2010 2016-02-24 21:20:13Z DR KERRY ROMESBURG 2800 University Boulevard North Jacksonville FL 32211 112364550 false X WWW.JU.EDU X 1934 FL THE MISSION OF JACKSONVILLE UNIVERSITY IS TO PREPARE EACH STUDENT FOR LIFE-LONG LEARNING, ACHIEVING, LEADING, AND SERVING. 34 34 1465 34 -3979 -3979 13505905 11036386 79178930 89986893 517297 939015 2990544 2955386 96192676 104917680 34877774 37940568 0 0 28366516 35462875 0 0 1489540 30925418 31303604 94169708 104707047 2022968 210633 179074157 170662767 94632094 79831762 84442063 90831005 X OUR MISSION IS TO PREPARE STUDENTS FOR LIFE-LONG SUCCESS IN LEARNING, ACHIEVING, LEADING, AND SERVING. WE ACCOMPLISH THIS MISSION IN A SMALL, COMPREHENSIVE, INDEPENDENT UNIVERSITY COMMUNITY LOCATED WITHIN A VIBRANT METROPOLITAN SETTING. (CONTINUED IN SCHEDULE O) false false 85596679 37940568 92942279 PROVIDING ACCREDITED POST SECONDARY EDUCATIONAL SERVICES TO APPROXIMATELY 3,400 STUDENTS. GRANTS AND SCHOLARSHIPS WERE AWARDED TO APPROXIMATELY 3,100 STUDENTS. 85596679 true true false false false false true false true true true false false false true true false true false true false false false false false false false true true true false false false false false false false false false false true true false false true false false false false false true 6014 0 true 1465 true true true false false false false true true false false false false X 34 34 false false false false false false false true true false false false true true true true true true false false FL X George Scaduto 9042567082 2800 University Boulevard North Jacksonville FL 32211 ADRIENNE CONRAD 1 X 0 0 0 ANNE P NIMNICHT 1 X 0 0 0 BRUCE KERN 1 X 0 0 0 CAROLYN MUNRO WILSON 1 X 0 0 0 CHARLES JO WODEHOUSE 1 X 0 0 0 CYRUS M JOLLIVETTE 1 X 0 0 0 F ANDREW MORAN 1 X 0 0 0 FRANK PACE 1 X 0 0 0 FRED G PRUITT 1 X 0 0 0 GIL POMAR JR 1 X 0 0 0 HW SHAD MBA CPA 1 X 0 0 0 HENRY J KEIGWIN 1 X X 0 0 0 J PHILLIP GARCIA FAC 1 X 0 0 0 JOHN G HARRISON 1 X 0 0 0 KEITH WATSON 1 X 0 0 0 LINDA BERRY STEIN 1 X X 0 0 0 MARGARET BLACK-SCOTT 1 X 0 0 0 MATTHEW KANE 1 X 0 0 0 MICHAEL CASCONE JR 1 X 0 0 0 MICHAEL J MCKENNY 1 X 0 0 0 RAYMOND K MASON JR 1 X 0 0 0 RONALD A AUTREY 1 X X 0 0 0 TERRY L WILCOX 1 X 0 0 0 TIMOTHY D PAYNE 1 X X 0 0 0 TIIMOTHY P COST 1 X 0 0 0 DEREK HALL 40 X 120281 0 15287 DR JOHN BALOG 40 X 137213 0 15328 DR KERRY ROMESBURG 40 X 304718 0 68527 DR LOIS BECKER 40 X 182513 0 22048 GEORGE SCADUTO 40 X 195916 0 12136 TERRY WHITTUM 40 X 177983 0 11122 THOMAS HALL 40 X 132364 0 16245 C ALLEN VERLANDER JR 40 X 196893 0 15946 KERWIN BELL 40 X 246903 0 22601 MICHAEL HOWLAND 40 X 160630 0 17219 JON WARREN 40 X 216340 0 24955 MARK ALARBI 40 X 393678 0 7712 JOHN RUMBLE 40 X 207545 0 8919 ZHANG XINGZHONG 40 X 170736 0 10449 LAWRENCE E KURZIUS 1 X 0 0 0 MARGARET WIDMAN DEES 1 X 0 0 0 MARK FRISCH 1 X 0 0 0 GREG A NELSON 1 X 0 0 0 PAUL I PEREZ 1 X 0 0 0 CAROLE J POINDEXTER 1 X 0 0 0 WILLIAM C RUPP 1 X 0 0 0 CHRIS A VERLANDER 1 X 0 0 0 MARVIN C WELLS 1 X 0 0 0 2843713 0 268494 14 false true false SODEXO AMERICA LLC PO BOX 905374 CHARLOTTE NC 282905374 DINING SERVICES/FACILITIES 7754858 DELL MARKETING LP ONE DELL WAY RR8 HIED DEPT ROUND ROCK TX 78682 COMPUTER HARDWARE 492307 FOLLETT HIGHER EDUCATION GROUP 1818 SWIFT DR OAK BROOK IL 60523 BOOKSTORE 482380 SAWYER TECO GAS 4110 UNIVERSITY BLVD CT JACKSONVILLE FL 322172224 GAS 461293 FIRST INSURANCE 8075 INNOVATION WAY CHICAGO IL 60682 INSURANCE 424503 5 7082455 3953931 730687 11036386 TUITION & FEES 75865523 75865523 AUXILIARY ENTERPRISES 14121370 14121370 0 0 0 0 89986893 673715 -3979 677694 0 0 0 0 0 7712170 7446870 265300 0 265300 265300 0 0 0 OTHER INCOME 900099 2955386 2955386 0 0 0 0 2955386 104917680 92942279 -3979 942994 0 37940568 37940568 0 0 1608511 1608511 0 27377453 24377998 2136801 862654 977106 821929 125441 29736 3430821 2819825 496661 114335 2068984 1753934 250809 64241 0 335905 10784 325121 3000 3000 0 0 0 4557290 540364 3983721 33205 1346283 1182483 95880 67920 1385033 1099925 240707 44401 0 0 3836635 1327206 2508521 908 1771656 1692455 42975 36226 0 0 2686225 6266 2679959 0 4487878 4487878 0 BAD DEBT EXPENSE 1308314 173320 1134994 BOARD PLAN 2849724 2849724 SPORTS EQUIPMENT & SUPPLIES 474020 473366 654 COMPUTER HARDWARE UNDER CAP LIMIT 439169 34790 403411 968 SOFTWARE MAINTENANCE CONTRACTS 385337 197241 139216 48880 5437135 3806623 1444446 186066 104707047 85596679 17620828 1489540 0 5059444 2590139 2577632 2125693 4165996 4851433 3343342 2886479 3413167 3130559 146982127 49659883 97678265 97322244 7419597 36254638 50550628 0 0 19162076 7205592 179074157 170662767 1056081 195009 4587766 3869202 63020000 61660000 2573822 25968247 11533729 94632094 79831762 X 33101102 36838672 16296893 17391070 35044068 36601263 84442063 90831005 179074157 170662767 X 210633 6178309 X false true true X true true X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 80000 1837860 X X X false 25664133 946250 4157667 295450 30472600 23268585 179538 2333647 0 117637 0 25664133 57696619 1241564 -13149604 0 22519994 0 23268585 0.00000 1.00000 0.00000 false false 1874548 1874548 111690864 28835486 82855378 0 25589808 16955244 8634564 7826907 3869153 3957754 97322244 0 0 BENEFICIAL INTEREST IN TRUSTS 18275696 F MORTGAGE BACKED 1515605 F S/T INVESTMENTS 923527 F INSTITUTIONAL MUTUAL FUNDS 20850973 F FICURMA SUBORDINATED DEBENTURES 364353 F LIMITED PARTNERSHIPS INVESTING IN EQUITY SECURITIES 4347596 F LIMITED PARTNERSHIPS INVESTING IN PRIVATE EQUITY 4272878 F 50550628 0 STUDENT DEPOSITS 448140 ACCRUED LIABILITIES 7124598 TRUST LIABILITIES 300633 CAPITAL LEASE OBLIGATIONS 636328 ADVANCES FROM FEDERAL GOV'T 2378029 INTEREST RATE SWAPS 646001 11533729 104917680 104707047 210633 6193747 -15438 6178309 6388942 73183519 6193747 12661 6206408 66977111 37940569 37940569 104917680 66794577 28099 28099 66766478 37940569 37940569 104707047 Collections of art - description of collections Schedule D, Part III, Line 4 THE ART COLLECTION REPRESENTS HUNDREDS OF PIECES OF ART WORK, PAINTINGS, AND SCULPTURES DONATED TO THE UNIVERSITY OVER THE PAST 75 YEARS. Intended uses of endowment funds Schedule D, Part V, Line 4 DONOR-RESTRICTED ENDOWMENT FUNDS ARE INTENDED TO BE HELD IN PERPETUITY, WITH THE EARNINGS THEREOF USED FOR THE STATED PURPOSE DEFINED IN THE GIFT INSTRUMENTS. FIN 48 (ASC 740) footnote Schedule D, Part X, Line 2 THE UNIVERSITY IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. U.S. GAAP PRESCRIBES RECOGNITION THRESHOLDS AND MEASUREMENT ATTRIBUTES FOR THE FINANCIAL STATEMENT RECOGNITION AND MEASUREMENT OF A TAX POSITION TAKEN OR EXPECTEDTO BE TAKEN IN A TAX RETURN. TAX BENEFITS WILL BE RECOGNIZED ONLY IF THE TAX POSITION IS CONSIDERED MORE-LIKELY-THAN-NOT TO BE SUSTAINED IN A TAX EXAMINATION, WITH A TAX EXAMINATION BEING PRESUMED TO OCCUR. FOR TAX POSITIONS NOT MEETING THE "MORE LIKELY THAN NOT" TEST, NO BENEFIT IS RECORDED. THE UNIVERSITY IS NO LONGER SUBJECT TO EXAMINATION BY U.S. FEDERAL TAXING AUTHORITIESFOR YEARS PRIOR TO JUNE 30, 2007. THE UNIVERSITY DOES NOT EXPECT THE TOTAL AMOUNT OF UNRECOGNIZED TAX BENEFITA TO SIGNIFICANTLY CHANGE IN THE NEXT 12 MONTHS. THE UNIVERSITY RECOGNIZES INTEREST AND/OR PENALTIES RELATED TO INCOME TAX MATTERS IN INCOME TAX EXPENSE. THE UNIVERSITY DID NOT HAVE ANY AMOUNT ACCRUED FOR INTEREST AND PENALTIES AT JUNE 30, 2011 AND 2010. true true true true true true true false false false false false false false false true false true Financial aid or assistance from a governmental agency Schedule E, Line 6a IN ORDER TO PROVIDE STUDENTS WITH ADEQUATE FINANCIAL AID PACKAGES, THE UNIVERSITY PARTICIPATES IN BOTH FEDERAL AND STATE FINANCIAL AID PROGRAMS. CENTRAL AMERICA AND THE CARIBBEAN 0 0 PASSIVE INVESTMENTS 6459000 0 0 6459000 false false false true true false true STUDENT WORK AWARDS 299 403614 SCHOLARSHIPS 2236 32114104 STUDENT LOAN CANCELLATIONS 0 12201 FEDERAL PELL GRANT PROGRAM 1353 4825985 FEDERAL SUPPLEMENTAL EDUCATIONAL OPPORTUNITY GRANTS 295580 COLLEGE WORK-STUDY PROGRAMS 223 289084 Procedures for monitoring use of grant funds Schedule I, Part I, Line 2 ALL GRANT EXPENDITURES ARE REVIEWED BY THE GRANT ACCOUNTANT FOR REASONABLENESS, ALLOWABLE EXPENDITURES, AND COMPLIANCE TO THE GRANT REGULATIONS AND CRITERIA. X true X X X X X false true false true false true false false false DR JOHN BALOG 137213 0 0 0 0 0 8252 0 7076 0 152541 0 0 0 DR KERRY ROMESBURG 292218 0 12500 0 0 0 61194 0 7333 0 373245 0 0 0 DR LOIS BECKER 182513 0 0 0 0 0 11656 0 10392 0 204561 0 0 0 GEORGE SCADUTO 180916 0 15000 0 0 0 10824 0 1312 0 208052 0 0 0 TERRY WHITTUM 177983 0 0 0 0 0 1163 0 9959 0 189105 0 0 0 C ALLEN VERLANDER JR 169518 0 27375 0 0 0 5629 0 10317 0 212839 0 0 0 KERWIN BELL 196903 0 50000 0 0 0 12180 0 10421 0 269504 0 0 0 MICHAEL HOWLAND 146330 0 0 0 14300 0 8588 0 8631 0 177849 0 0 0 JON WARREN 183123 0 33217 0 0 0 11571 0 13384 0 241295 0 0 0 MARK ALARBI 196043 0 197635 0 0 0 0 0 7712 0 401390 0 0 0 JOHN RUMBLE 135782 0 71763 0 0 0 8072 0 847 0 216464 0 0 0 ZHANG XINGZHONG 133564 0 37172 0 0 0 1430 0 9019 0 181185 0 0 0 Housing allowance or residence for personal use Schedule J, Part I, Line 1a MICHAEL HOWLAND RECEIVD A TAXABLE HOUSING ALLOWANCE AS PART OF HIS EMPLOYMENT CONTRACT. THIS BENEFIT IS SCHEDULED TO EXPIRE ON JANUARY 31, 2012. Supplemental nonqualified retirement plan Schedule J, Part I, Line 4b PRESIDENT ROMESBURG PARTICIPATES IN A 457(F) NONQUALIFIED DEFERRED COMPENSATION PLAN. THIS PLAN IS ADMINISTERED THROUGH TIAA-CREF. TOTAL FOR THE YEAR WAS $43,710. Compensation contingent on revenues of the organization Schedule J, Part I, Line 5a A PORTION OF KERWIN BELL'S (HEAD FOOTBALL COACH) BONUS COMPENSATION PAYMENT IN 2010 IS BASED ON A PERCENTAGE SHARING AGREEMENT WHEREBY CONTRACTED GUARANTEE REVENUE PAYMENTS FOR THE UNIVERSITY TO PLAY CERTAIN NATIONAL PROFILE FOOTBALL PROGRAMS EXCEEDS A MINIMUM BASELINE REVENUE LEVEL ESTABLISHED BY THE UNIVERSITY. Compensation contingent on net earnings of the organization Schedule J, Part I, Line 6a THE BONUS COMPENSATION PAYMENTS FOR DR. MARK ALARBI, DR. JOHN RUMBLE, AND DR. ZHANG XINGZHONG REPRESENT CONTRACTUAL AGREEMENTS THAT PROVIDE THESE ORTHODONTICS PROGRAM FACULTY MEMBERS ADDITIONAL COMPENSATION FOR A PERCENTAGE OF THE NET ACCUAL OPERATIONAL EARNINGS GENERATED BY THE UNIVERSITY'S ORTHODONTIC CLINIC. THE UNIVERSITY OPERATES A VERY SUCCESSFUL, HIGH CUSTOMER VOLUME, ORTHODONTIC TEACHING CLINIC THAT SERVES THE DENTAL NEEDS OF THE LOCAL COMMUNITY WHILE PROVIDING THE NECESSARY CLINICAL TRAINING FOR STUDENTS ATTENDING THE UNIVERSITY'S ACCREDITED ORTHODONTIC PROFESSIONAL CERTIFICATION PROGRAM. HEFFA (FL) REV BD 34073TBB2 2006-10-01 63000000 HIGHER EDUCATION BONDS false false false 1350000 0 64573279 3876714 2139371 0 769742 2253194 9315581 31222132 14122297 874248 2008 true false true true false false false false 0.0000 0.0000 0.0000 true false true true MERRILL LYNCHBANK OF AMERICA 29.7 false true true WACHOVIAWELLS FARGO 29.5 ARBITRAGE/REBATE SCHEDULE K-PART IV; LINE 1 ARBITRAGE REBATE CALCULATIONS HAVE BEEN PERFORMED AS OF 12/1/2008 AND 11/21/2011 BUT WERE NOT FILED BECAUSE NO REBATE WAS DUE TO BE PAID. HEDGE (SWAP/REVERSE SWAP) SCHEDULE K - PART IV, LINES 3A-E WITH RESPECT TO THE BOND ISSUE, THERE IS A SWAP WITH MERRILL LYNCH/BANK OF AMERICA THAT WAS ISSUED AT THE TIME OF THE CLOSING DATED 10-12-2006, WITH A SCHEDULED TERMINATION DATE OF 6-26-2036 (A TERM OF 29.7 YEARS FROM THE ORIGINAL DATE OF ISSUANCE, OR 25.0 YEARS FROM THE END OF THE FISCAL YEAR, 6-30-11). IN ADDDITION, A REVERSE SWAP WITH MERRILL LYNCH/BANK OF AMERICA WAS ENTERED INTO ON 12-10-2008 WITH A SCHEDULED TERMINATION DATE OF 6-26-2036 (A TERM OF 27.5 YEARS FROM THE DATE OF ISSUANCE, OR 25.0 YEARS FROM THE END OF THE FISCAL YEAR, 6-30-11). BOTH OF THE ABOVE HEDGES WERE PARTIALLY TERMINATED ON 1-26-2011, REDUCING THE NOTIONAL AMOUNT OUTSTANDING FROM $ 61,650,000 DOWN TO $ 2,160,000. SUBSEQUENT TO YEAR END, BOTH OF THE ABOVE HEDGES HAVE BEEN TERMINATED COMPLETELY (AS OF 11-21-11). TERM OF GIC SCHEDULE K - PART IV ARBITRAGE; LINE 4 (C) THE GIC WITH WACHOVIA/WELLS FARGO DATED 2/1/2007 HAD A MATURITY DATE OF 7/1/2036 (29.5 YEARS FROM THE DATE OF ISSUANCE), OR 25.0 YEARS FROM THE FISCAL YEAR END, 6.30.2011. SUBSEQUENTLY, THE FORWARD DELIVERY AGREEMENT WAS TERMINATED ON 11.21.2011 X 1 80000 OPINIONS OF EXPERTS X 1285 FMV RECORDED AT $1 PER ITEM ON AFS X 1 22535 OPINIONS OF EXPERTS X 4 160284 MARKET VALUE X 1 425000 OPINIONS OF EXPERTS X 2 141 MARKET VALUE X MISCELLANEOUS FURNITURE AND EQUIPMENT 11 18444 MARKET VALUE X GIFT CERTIFICATES 46 16960 MARKET VALUE X MISCELLANEOUS ITEMS DONATED FOR RAFFLES 25 276 MARKET VALUE X PRINTING OF BROCHURES 1 1320 MARKET VALUE X TRAVEL 3 4442 MARKET VALUE 3 false true false ORGANIZATION'S MISSION STATEMENT FORM 990, PART III, LINE 1 (CONTINUED FROM PART III) THE UNIVERSITY SERVES AN ETHNICALLY AND GEOGRAPHICALLY DIVERSE, PREDOMINANTLY UNDERGRADUATE STUDENT BODY, AS WELL AS ADULT LEARNERS IN SELECTED UNDERGRADUATE AND GRADUATE PROGRAMS. OUR LEARNING COMMUNITY PROVIDES PERSONALIZED SERVICE, CLOSE STUDENT-FACULTY INTERACTION, AND AN EXTENSIVE ARRAY OF EDUCATIONAL AND CO-CURRICULAR PROGRAMS. WE EMPHASIZE ENGAGED LEARNING, THE INTEGRATION OF THINKING WITH DOING, AND THE COMBINATION OF PROFESSIONAL PREPARATION WITH A STRONG LIBERAL ARTS FOUNDATION. Review of form 990 by governing body Form 990, Part VI, Section B, Line 11a THE UNIVERSITY EMPLOYS THE ASSISTANCE OF EXTERNAL TAX ADVISORS IN PREPARATION OF ITS 990 TAX RETURN. THE CONTENT INFORMATION FOR THE RETURN IS PROVIDED BY THE CONTROLLER OF THE UNIVERSITY. THE CONTROLLER AND EXTERNAL TAX ADVISORS WORK COLLECTIVELY TO ACCURATELY COMPLETE THE RETURN IN A TIMELY FASHION. THE FINAL REVIEW OF THE RETURN IS DONE BY THE UNIVERSITY'S CHIEF FINANCIAL OFFICER AND IS ALSO MADE AVAILABLE FOR REVIEW (IF REQUESTED) BY OTHER KEY EXECUTIVES OF THE UNIVERSITY AS WELL AS ALL MEMBERS OF THE UNIVERSITY'S BOARD OF TRUSTEES. Conflict of interest policy Form 990, Part VI, Section B, Line 12c THE UNIVERSITY REQUIRES ON AN ANNUAL BASIS WRITTEN CONFIRMATION FROM ALL EXECUTIVE STAFF AND BOARD OF TRUSTEES' MEMBERS FULL & COMPLETE ACKNOWLEDGEMENT OF COMPLIANCE WITH THE UNIVERSITY'S CONFLICT OF INTEREST POLICY. THE UNIVERSITY'S PURCHASING POLICIES & PROCEDURES ALSO ENSURE THAT ALL PURCHASING DECISIONS ARE EVALUATED ON A STRINGENT QUALITY AND COST/BENEFIT PROCESS THAT IS NOT INFLUENCED BY POTENTIAL RELATED PARTY OF CONFLICT OF INTEREST. INDIVIDUALS ARE PROHIBITED FROM VOTING ON ANY MATTER WHERE A CONFLICT OF INTEREST EXISTS. IF AN INDIVIDUAL IS UNSURE WHETHER A CONFLICT EXISTS OR NOT, THEY MAY REQUEST THE BOARD OR COMMITTEE TO RESOLVE THE MATTER VIA VOTE. Process used to establish compensation of top management official Form 990, Part VI, Section B, Line 15a THE UNIVERSITY DETERMINES ITS ANNUAL COMPENSATION FOR ALL EXECUTIVE, SENIOR LEVEL AND KEY EMPLOYEES ON A CONSISTENT BASIS THROUGH THE USE OF INDEPENDENT, COMPARATIVE COMPENSATION DATA FROM PEER INSTITUTIONS OF SIMILAR SIZE AND COMPLEXITY. THE EMPLOYMENT CONTRACTS OF THE UNIVERSITY'S PRESIDENT AND OTHER KEY SENIOR OFFICERS AND EMPLOYEES ARE ALSO REVIEWED AND APPROVED BY A SELECT GROUP OF BOARD OF TRUSTEE'S MEMBERS. THE EVALUATION IS PERFORMED ANNUALLY, THE LAST TIME BEING MARCH 2011. EVIDENCE OF DELIBERATION AND DECISION IS CONTAINED IN THE MINUTES OF THE BOARD OF TRUSTEES MEETINGS. Public Disclosure Form 990, Part VI, Section C, Line 19 COPIES OF THE ORGANIZATION'S FORM 990 AND RELATED DOCUMENTS ARE AVAILABLE UPON REQUEST TO THE OFFICE OF THE CONTROLLER AT THE UNIVERSITY'S ADDRESS OF RECORD. Other changes in net assets or fund balances Form 990, Part XI, Line 5 NET UNREALIZED GAINS (LOSSES) ON INVESTMENTS - 6206408; CHANGE IN PERKINS LIABILITY - -28099; JACKSONVILLE UNIVERSITY CLINIC LLC 2800 UNIVERSITY BOULEVARD NORTH JACKSONVILLE FL 32211 043648158 ORTHODONTIC CLINIC OPERATIONS FL 1107451 59606 NA