NOVA SOUTHEASTERN UNIVERSITY INC: Form 990, tax year 2010
View the entire original 990 at ProPublica ↗
- Organization
- NOVA SOUTHEASTERN UNIVERSITY INC (EIN 59-1083502)
- Tax period
- 2010-07-01 to 2011-06-30
- Filed
- 2012-04-20
- IRS object ID
- 201211119349300516
- Schema version
- 2010v3.4
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990
- Schedule A
- Schedule B
- Schedule C
- Schedule D
- Schedule E
- Schedule F
- Schedule G
- Schedule I
- Schedule J
- Schedule K
- Schedule K
- Schedule L
- Schedule O
- Schedule R
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2012-04-20T15:12:17-05:00 | Timestamp |
| Tax Period End Date | 2011-06-30 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | KPMG LLP | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 300 North Greene Street | AddressLine1 |
| City | Greensboro | City |
| State | NC | State |
| ZIP Code | 27401 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2010-07-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 591083502 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | NOVA SOUTHEASTERN UNIVERSITY INC | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | NOVA | NameControl |
| Phone | 9542625272 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 3301 College Avenue | AddressLine1 |
| City | Fort Lauderdale | City |
| State | FL | State |
| ZIP Code | 33314 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | George L Hanbury II | Name |
| Title | President and CEO | Title |
| Phone | 9542627500 | Phone |
| Date Signed | 2012-04-20 | DateSigned |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | Allison Franklin | Name |
| Phone | 3362753394 | Phone |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2010 | TaxYear |
| Build TS | 2016-02-24 21:20:13Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | George L Hanbury II | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 3301 College Avenue | AddressLine1 |
| City | Fort Lauderdale | City |
| State | FL | State |
| ZIP Code | 33314 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 945439934 | GrossReceipts |
| Group Return For Affiliates | 0 | GroupReturnForAffiliates |
| Organization501c3 | X | Organization501c3 |
| Web Site | www.nova.edu | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 1964 | YearFormation |
| State Legal Domicile | FL | StateLegalDomicile |
| Activity Or Mission Description | Nova Southeastern University's primary activity is to provide educational services. | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 28 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 19 | NbrIndependentVotingMembers |
| Total Nbr Employees | 9115 | TotalNbrEmployees |
| Total Nbr Volunteers | 1483 | TotalNbrVolunteers |
| Total Gross UBI | 4064787 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | -1650455 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Prior Year | 33395602 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 72205671 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 578589029 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 586016948 | ProgramServiceRevenueCY |
| Investment Income Prior Year | -217675 | InvestmentIncomePriorYear |
| Investment Income Current Year | 2976358 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 609712 | OtherRevenuePriorYear |
| Other Revenue Current Year | 430263 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 612376668 | TotalRevenuePriorYear |
| Total Revenue Current Year | 661629240 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 55716482 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 59497882 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members Prior Year | 0 | BenefitsPaidToMembersPriorYear |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 322627184 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 326407690 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp Prior Year | 0 | TotalProfFundrsngExpPriorYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 2551320 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 211568183 | OtherExpensePriorYear |
| Other Expenses Current Year | 210788889 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 589911849 | TotalExpensesPriorYear |
| Total Expenses Current Year | 596694461 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | 22464819 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | 64934779 | RevenuesLessExpensesCY |
| Total Assets BOY | 980662933 | TotalAssetsBOY |
| Total Assets EOY | 1069954961 | TotalAssetsEOY |
| Total Liabilities BOY | 531169004 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 549059134 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 449493929 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 520895827 | NetAssetsOrFundBalancesEOY |
| Info In Schedule O Part III | X | InfoInScheduleOPartIII |
| Mission Description | The mission of Nova Southeastern University, a private, not-for -profit institution, is to offer a diverse array of innovative academic programs that complement on-campus educational opportunities and resources with accessible distance-learning programs to foster academic excellence, intellectual inquiry, leadership, research, and commitment to community through engagement of student and faculty members in a dynamic lifelong learning environment. | MissionDescription |
| Significant New Program Services | 0 | SignificantNewProgramServices |
| Significant Change | 0 | SignificantChange |
| Expense | 339816891 | Expense |
| Grants | 28956444 | Grants |
| Revenue | 509736841 | Revenue |
| Description | Instructional Services: Offers undergraduate, graduate,professional degrees and certification programs to full and part time students. | Description |
Activity2 Activity2
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | 72744969 | Expense |
| Grants | 116366 | Grants |
| Revenue | 6272504 | Revenue |
| Description | Academic Support: Library Program operates a 325,000 square feetmain campus library and branch libraries. Other programs includecomputer services, museum of art operations, student educationcenter operations and maintenance of facilities dedicated toinstructional activities. | Description |
Activity3 Activity3
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | 35607842 | Expense |
| Grants | 5716656 | Grants |
| Revenue | 33553636 | Revenue |
| Description | Auxiliary Enterprises: Health Profession Division provides outpatientmedical services including dental, optometry, pharmacy,occupational and physical therapy. Additionally, five dormitoryfacilities are operated. | Description |
Activity Other ActivityOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | 70881951 | Expense |
| Grants | 24708416 | Grants |
| Revenue | 39860588 | Revenue |
| Description | Agency ServicesPublic ServiceResearchScholarship and FellowshipDepreciation and InterestUnexpended Plant ExpensesGrande Oaks affiliate | Description |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Other Program Service Exp | 70881951 | TotalOfOtherProgramServiceExp |
| Total Of Other Program Service Grnt | 24708416 | TotalOfOtherProgramServiceGrnt |
| Total Of Other Program Service Rev | 39860588 | TotalOfOtherProgramServiceRev |
| Total Program Service Expense | 519051653 | TotalProgramServiceExpense |
| Described In501 C3 | 1 | DescribedIn501C3 |
| Schedule B Required | 1 | ScheduleBRequired |
| Political Activities | 0 | PoliticalActivities |
| Lobbying Activities | 1 | LobbyingActivities |
| Subject To Proxy Tax | 0 | SubjectToProxyTax |
| Donor Advised Funds | 0 | DonorAdvisedFunds |
| Conservation Easements | 0 | ConservationEasements |
| Collections Of Art | 1 | CollectionsOfArt |
| Credit Counseling | 0 | CreditCounseling |
| Term Or Permanent Endowments | 1 | TermOrPermanentEndowments |
| Report Land Bldg Equip | 1 | ReportLandBldgEquip |
| Report Invest Oth Securities | 0 | ReportInvestOthSecurities |
| Report Prog Rel Invest | 0 | ReportProgRelInvest |
| Report Other Assets | 0 | ReportOtherAssets |
| Report Other Liabilities | 1 | ReportOtherLiabilities |
| Report Fin48 Footnote | 1 | ReportFin48Footnote |
| Independent Audit Financial Stmt | 0 | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | 1 | ConsolidatedAuditFinancialStmt |
| School | 1 | School |
| Foreign Office | 1 | ForeignOffice |
| Foreign Activities | 1 | ForeignActivities |
| More Than5000 K To Organizations | 0 | MoreThan5000KToOrganizations |
| More Than5000 K To Individuals | 1 | MoreThan5000KToIndividuals |
| Professional Fundraising | 0 | ProfessionalFundraising |
| Fundraising Activities | 1 | FundraisingActivities |
| Gaming | 0 | Gaming |
| Hospital | 0 | Hospital |
| Grants To Organizations | 0 | GrantsToOrganizations |
| Grants To Individuals | 1 | GrantsToIndividuals |
| Schedule J Required | 1 | ScheduleJRequired |
| Tax Exempt Bonds | 1 | TaxExemptBonds |
| Invest Tax Exempt Bonds | 0 | InvestTaxExemptBonds |
| Escrow Account | 0 | EscrowAccount |
| On Behalf Of Issuer | 0 | OnBehalfOfIssuer |
| Excess Benefit Transaction | 0 | ExcessBenefitTransaction |
| Prior Excess Benefit Transaction | 0 | PriorExcessBenefitTransaction |
| Loan To Officer Or DQP | 0 | LoanToOfficerOrDQP |
| Grant To Related Person | 1 | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | 1 | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | 1 | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | 1 | OfficerEntityWithBsnssRltnshp |
| Deductible Non Cash Contributions | 0 | DeductibleNonCashContributions |
| Deductible Contributions Of Art | 0 | DeductibleContributionsOfArt |
| Terminated | 0 | Terminated |
| Partial Liquidation | 0 | PartialLiquidation |
| Disregarded Entity | 1 | DisregardedEntity |
| Related Entity | 1 | RelatedEntity |
| Related Org Controlled Entity | 0 | RelatedOrgControlledEntity |
| Transaction Related Entity | 0 | TransactionRelatedEntity |
| Transfers To Exempt Non Chrtbl Org | 0 | TransfersToExemptNonChrtblOrg |
| Activities Conducted Partnership | 0 | ActivitiesConductedPartnership |
| Schedule O Required | 1 | ScheduleORequired |
| Number Forms Transmitted With1096 | 1059 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Number Of Employees | 9115 | NumberOfEmployees |
| Employment Tax Returns Filed | 1 | EmploymentTaxReturnsFiled |
| Unrelated Business Income | 1 | UnrelatedBusinessIncome |
| Form990-T Filed | 1 | Form990-TFiled |
| Foreign Financial Account | 1 | ForeignFinancialAccount |
| Name Of Foreign Country | CJ | NameOfForeignCountry |
| Name Of Foreign Country | BF | NameOfForeignCountry |
| Name Of Foreign Country | JM | NameOfForeignCountry |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTrans |
| Taxable Party Notification | 0 | TaxablePartyNotification |
| Non Deductible Contributions | 0 | NonDeductibleContributions |
| Quid Pro Quo Contributions | 1 | QuidProQuoContributions |
| Quid Pro Quo Disclosure | 1 | QuidProQuoDisclosure |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOf |
| Funds To Pay Premiums | 0 | FundsToPayPremiums |
| Premiums Paid | 0 | PremiumsPaid |
| Indoor Tanning Services | 0 | IndoorTanningServices |
| Info In Schedule O Part VI | X | InfoInScheduleOPartVI |
| Nbr Voting Governing Body Members | 28 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 19 | NumberIndependentVotingMembers |
| Family Or Business Relationship | 1 | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | 0 | DelegationOfManagementDuties |
| Changes To Organizing Docs | 0 | ChangesToOrganizingDocs |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuse |
| Members Or Stockholders | 0 | MembersOrStockholders |
| Election Of Board Members | 0 | ElectionOfBoardMembers |
| Decisions Subject To Approval | 0 | DecisionsSubjectToApproval |
| Minutes Of Governing Body | 1 | MinutesOfGoverningBody |
| Minutes Of Committees | 1 | MinutesOfCommittees |
| Officer Mailing Address | 0 | OfficerMailingAddress |
| Local Chapters | 0 | LocalChapters |
| Form990 Provided To Governing Body | 1 | Form990ProvidedToGoverningBody |
| Conflict Of Interest Policy | 1 | ConflictOfInterestPolicy |
| Annual Disclosure Covered Persons | 1 | AnnualDisclosureCoveredPersons |
| Regular Monitoring Enforcement | 1 | RegularMonitoringEnforcement |
| Whistleblower Policy | 1 | WhistleblowerPolicy |
| Document Retention Policy | 1 | DocumentRetentionPolicy |
| Compensation Process CEO | 1 | CompensationProcessCEO |
| Compensation Process Other | 1 | CompensationProcessOther |
| Investment In Joint Venture | 1 | InvestmentInJointVenture |
| Written Policy Or Procedure | 1 | WrittenPolicyOrProcedure |
| States Where Copy Of Return Is Filed | AZ | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | CA | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | GA | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | IN | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | OR | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | FL | StatesWhereCopyOfReturnIsFiled |
| Own Website | X | OwnWebsite |
| Other Website | X | OtherWebsite |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
Name Business NameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | WDavid Heron | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Telephone Number | 9542625291 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 3301 College Avenue | AddressLine1 |
| City | Fort Lauderdale | City |
| State | FL | State |
| ZIP Code | 33314 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part VII | X | InfoInScheduleOPartVII |
Form990 Part VII Section A Form990PartVIISectionA (38 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation | OfficerOfficer | Key EmployeeKeyEmployee | Highest Compensated EmployeeHighestCompensatedEmployee |
|---|---|---|---|---|---|---|---|---|
| Barry J Silverman | ||||||||
| Vice Chair | 0.50 | X | 0 | 0 | 0 | |||
| W Tinsley Ellis | ||||||||
| Secretary | 0.50 | X | 0 | 0 | 0 | |||
| Mitchell Berger | ||||||||
| Trustee | 0.50 | X | 0 | 0 | 0 | |||
| Keith Brown | ||||||||
| Trustee | 0.50 | X | 0 | 0 | 0 | |||
| Alan B Levan | ||||||||
| Trustee | 0.50 | X | 0 | 0 | 0 | |||
| Nell McMillan Lewis | ||||||||
| Trustee | 0.50 | X | 0 | 0 | 0 | |||
| Albert J Miniaci | ||||||||
| Trustee | 0.50 | X | 0 | 0 | 0 | |||
| Samuel Morrison | ||||||||
| Trustee | 0.50 | X | 0 | 0 | 0 | |||
| Paul M Sallarulo | ||||||||
| Trustee | 0.50 | X | 0 | 0 | 0 | |||
| Franklin L Smith | ||||||||
| Trustee | 0.50 | X | 0 | 0 | 0 | |||
| Rick Case | ||||||||
| Trustee | 0.50 | X | 0 | 0 | 0 | |||
| Andrew J DiBattista | ||||||||
| Trustee | 0.50 | X | 0 | 0 | 0 | |||
| R Douglas Donn | ||||||||
| Trustee | 0.50 | X | 0 | 0 | 0 | |||
| Arthur J Falcone | ||||||||
| Trustee | 0.50 | X | 0 | 0 | 0 | |||
| Silvia Flores | ||||||||
| Trustee | 0.50 | X | 0 | 0 | 0 | |||
| David W Horvitz | ||||||||
| Trustee | 0.50 | X | 0 | 0 | 0 | |||
| H Wayne Huizenga | ||||||||
| Trustee | 0.50 | X | 0 | 0 | 0 | |||
| Royal F Jonas | ||||||||
| Trustee | 0.50 | X | 27500 | 0 | 0 | |||
| Milton Jones | ||||||||
| Trustee | 0.50 | X | 0 | 0 | 0 | |||
| J Kenneth Tate | ||||||||
| Trustee | 0.50 | X | 0 | 0 | 0 | |||
| Zachariah P Zachariah | ||||||||
| Trustee | 0.50 | X | 0 | 0 | 0 | |||
| Ronald G Assaf | ||||||||
| Chair | 0.50 | X | 0 | 0 | 0 | |||
| Thomas E Lynch | ||||||||
| Trustee | 0.50 | X | 0 | 0 | 0 | |||
| E Clay Shaw Jr | ||||||||
| Trustee | 0.50 | X | 0 | 0 | 0 | |||
| Ray Ferrero Jr | ||||||||
| Chancellor | 37.50 | X | 784143 | 0 | 28730 | X | ||
| George L Hanbury II | ||||||||
| President | 37.50 | X | 404632 | 0 | 28730 | X | ||
| Mike Jackson | ||||||||
| Trustee | 0.50 | X | 0 | 0 | 0 | |||
| Martin R Press | ||||||||
| Trustee | 0.50 | X | 0 | 0 | 0 | |||
| Frederick Lippman | ||||||||
| Chancellor HPD | 37.50 | 362306 | 0 | 24500 | X | |||
| Francis A De Piano | ||||||||
| Provost/Exec VP | 37.50 | 274040 | 0 | 28730 | X | |||
| H Wells Singleton | ||||||||
| Dean School of Education | 37.50 | 320084 | 0 | 28730 | X | |||
| John Santulli | ||||||||
| VP/Facilities | 37.50 | 231039 | 0 | 27333 | X | |||
| David M Fields | ||||||||
| Dean School of Business | 37.50 | 287137 | 0 | 14095 | X | |||
| Joseph Harbaugh | ||||||||
| Professsor of Law | 37.50 | 337481 | 0 | 32960 | X | |||
| Jan E Kronmiller | ||||||||
| Div Chief Dev/Chair-Ortho/ | 37.50 | 303148 | 0 | 27044 | X | |||
| Anthony J Silvagni | ||||||||
| Dean/Professor | 37.50 | 304681 | 0 | 28730 | X | |||
| Tracy A Favreau | ||||||||
| Instructor/Asst Prog Dir | 37.50 | 278561 | 0 | 24984 | X | |||
| Robert S Oller | ||||||||
| CEO NSU Health Clinics | 37.50 | 266483 | 0 | 28730 | X | |||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 4181235 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 0 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 323296 | TotalOtherCompensation |
| Number Individuals GT100 K | 479 | NumberIndividualsGT100K |
| Formers Listed | 0 | FormersListed |
| Total Comp GT150 K | 1 | TotalCompGT150K |
| Compensation From Other Sources | 0 | CompensationFromOtherSources |
Contractor Compensation ContractorCompensation (5 entries)
| Address Line1AddressOfContractor/AddressUS/AddressLine1 | CityAddressOfContractor/AddressUS/City | StateAddressOfContractor/AddressUS/State | ZIP CodeAddressOfContractor/AddressUS/ZIPCode | Description Of ServicesDescriptionOfServices | CompensationCompensation |
|---|---|---|---|---|---|
| Moss Miller Joint Venture LLC | |||||
| 614 S Federal Highway | FT LAUDERDALE | FL | 33301 | Construction | 10571433 |
| Collegiate Risk Management | |||||
| 110 Athens Street | Tarpon Springs | FL | 34689 | Insurance | 5921941 |
| Panza Maurer Maynard & Neel PA | |||||
| 3600 N Federal Highway | FT LAUDERDALE | FL | 33308 | Legal Counsel | 4161482 |
| Grycon LLC | |||||
| 4101 Ravenswood Road Ste 325 | Dania Beach | FL | 33312 | Construction | 3267928 |
| Ernst and Young | |||||
| PO Box 406725 | Atlanta | GA | 30384 | Accounting | 801081 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of Contractors GT100 K | 29 | NumberOfContractorsGT100K |
| Fundraising Events | 1201994 | FundraisingEvents |
| Government Grants | 38723374 | GovernmentGrants |
| All Other Contributions | 32280303 | AllOtherContributions |
| Total Contributions | 72205671 | TotalContributions |
Program Service Revenue ProgramServiceRevenue (4 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome | ExclusionExclusionAmount | Unrelated Business RevenueUnrelatedBusinessRevenue |
|---|---|---|---|---|---|
| Tuition and Fees | 611710 | 531504764 | 531504764 | ||
| Auxilliary Operations | 611710 | 33492763 | $33,492,763 | ||
| Other revenue | 611710 | 17325633 | 17325633 | ||
| GRANDE OAKS, LLC | 713910 | 3693788 | 3693788 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 586016948 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 953110 | TotalRevenueColumn |
| Exclusion | $953,110 | ExclusionAmount |
Income From Invest Bond Proceeds IncomeFromInvestBondProceeds
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 38188 | TotalRevenueColumn |
| Exclusion | $38,188 | ExclusionAmount |
Gross Rents GrossRents
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 318604 | Real |
Less Rental Expenses LessRentalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 83930 | Real |
Rental Income Or Loss RentalIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 234674 | Real |
Net Rental Income Or Loss NetRentalIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 234674 | TotalRevenueColumn |
| Exclusion | $234,674 | ExclusionAmount |
Gross Amount Sales Assets GrossAmountSalesAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 282937205 | Securities |
| Other | 1686957 | Other |
Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 281367619 | Securities |
| Other | 1271483 | Other |
Gain Or Loss GainOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 1569586 | Securities |
| Other | 415474 | Other |
Net Gain Or Loss Investments NetGainOrLossInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 1985060 | TotalRevenueColumn |
| Exclusion | $1,985,060 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Income Fundraising Events | 421522 | GrossIncomeFundraisingEvents |
| Cntrbtns Rprtd Fundraising Events | 1201994 | CntrbtnsRprtdFundraisingEvents |
| Fundraising Direct Expenses | 596932 | FundraisingDirectExpenses |
Net Income From Fundraising Events NetIncomeFromFundraisingEvents
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -175410 | TotalRevenueColumn |
| Exclusion | -$175,410 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Sales Of Inventory | 861729 | GrossSalesOfInventory |
| Cost Of Goods Sold | 490730 | CostOfGoodsSold |
Net Income Or Loss NetIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 370999 | TotalRevenueColumn |
| Unrelated Business Revenue | 370999 | UnrelatedBusinessRevenue |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 661629240 | TotalRevenueColumn |
| Related Or Exempt Function Income | 548830397 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 4064787 | UnrelatedBusinessRevenue |
| Exclusion | $36,528,385 | ExclusionAmount |
Grants To Domestic Individuals GrantsToDomesticIndividuals
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 59497882 | Total |
| Program Services | 59497882 | ProgramServices |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 4448948 | Total |
| Program Services | 2953848 | ProgramServices |
| Management And General | 1495100 | ManagementAndGeneral |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 258637943 | Total |
| Program Services | 231465348 | ProgramServices |
| Management And General | 25985369 | ManagementAndGeneral |
| Fundraising | 1187226 | Fundraising |
Pension Plan Contributions PensionPlanContributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 16368533 | Total |
| Program Services | 14570196 | ProgramServices |
| Management And General | 1723862 | ManagementAndGeneral |
| Fundraising | 74475 | Fundraising |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 29535205 | Total |
| Program Services | 26370901 | ProgramServices |
| Management And General | 3031858 | ManagementAndGeneral |
| Fundraising | 132446 | Fundraising |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 17417061 | Total |
| Program Services | 15503992 | ProgramServices |
| Management And General | 1833842 | ManagementAndGeneral |
| Fundraising | 79227 | Fundraising |
Fees For Services Legal FeesForServicesLegal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 5078027 | Total |
| Program Services | 124663 | ProgramServices |
| Management And General | 4953364 | ManagementAndGeneral |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1472679 | Total |
| Program Services | 41799 | ProgramServices |
| Management And General | 1430880 | ManagementAndGeneral |
Fees For Services Lobbying FeesForServicesLobbying
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 766163 | Total |
| Management And General | 766163 | ManagementAndGeneral |
Fees For Services Other FeesForServicesOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 25230940 | Total |
| Program Services | 21570759 | ProgramServices |
| Management And General | 3569118 | ManagementAndGeneral |
| Fundraising | 91063 | Fundraising |
Advertising Advertising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 10052381 | Total |
| Program Services | 7378294 | ProgramServices |
| Management And General | 2673754 | ManagementAndGeneral |
| Fundraising | 333 | Fundraising |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 27305351 | Total |
| Program Services | 20894698 | ProgramServices |
| Management And General | 5993599 | ManagementAndGeneral |
| Fundraising | 417054 | Fundraising |
Information Technology InformationTechnology
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 7586459 | Total |
| Program Services | 6671516 | ProgramServices |
| Management And General | 912648 | ManagementAndGeneral |
| Fundraising | 2295 | Fundraising |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 44593598 | Total |
| Program Services | 37866931 | ProgramServices |
| Management And General | 6709851 | ManagementAndGeneral |
| Fundraising | 16816 | Fundraising |
Travel Travel
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 6133478 | Total |
| Program Services | 4806171 | ProgramServices |
| Management And General | 1285410 | ManagementAndGeneral |
| Fundraising | 41897 | Fundraising |
Conferences Meetings ConferencesMeetings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 3275612 | Total |
| Program Services | 3003256 | ProgramServices |
| Management And General | 269197 | ManagementAndGeneral |
| Fundraising | 3159 | Fundraising |
Interest Interest
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 12325232 | Total |
| Program Services | 12316144 | ProgramServices |
| Management And General | 9088 | ManagementAndGeneral |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 32022297 | Total |
| Program Services | 30911072 | ProgramServices |
| Management And General | 1074944 | ManagementAndGeneral |
| Fundraising | 36281 | Fundraising |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 9849102 | Total |
| Program Services | 5661140 | ProgramServices |
| Management And General | 4187962 | ManagementAndGeneral |
Other Expenses OtherExpenses (5 entries)
| DescriptionDescription | TotalTotal | Program ServicesProgramServices | Management And GeneralManagementAndGeneral | FundraisingFundraising |
|---|---|---|---|---|
| Bad Debt Expense | 6707040 | 5307999 | 1399041 | |
| Small Equipment | 4917971 | 4709075 | 203173 | 5723 |
| Special Promotions | 4814892 | 3445909 | 922707 | 446276 |
| Dues and Membership | 1702474 | 934383 | 764941 | 3150 |
| Taxes and Licenses | 1110691 | 235781 | 861011 | 13899 |
All Other Expenses AllOtherExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 5844502 | Total |
| Program Services | 2809896 | ProgramServices |
| Management And General | 3034606 | ManagementAndGeneral |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 596694461 | Total |
| Program Services | 519051653 | ProgramServices |
| Management And General | 75091488 | ManagementAndGeneral |
| Fundraising | 2551320 | Fundraising |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 27143381 | BOY |
| EOY | 49832646 | EOY |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 28294581 | BOY |
| EOY | 48263764 | EOY |
Pledges And Grants Receivable PledgesAndGrantsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 24529358 | BOY |
| EOY | 22463473 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 19949930 | BOY |
| EOY | 23578090 | EOY |
Other Notes Loans Receivable Net OtherNotesLoansReceivableNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 5529816 | BOY |
| EOY | 5219986 | EOY |
Inventories For Sale Or Use InventoriesForSaleOrUse
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1332810 | BOY |
| EOY | 1657285 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 5806927 | BOY |
| EOY | 6035451 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 963343884 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 231588370 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 693651028 | BOY |
| EOY | 731755514 | EOY |
Investments Pub Traded Securities InvestmentsPubTradedSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 127653130 | BOY |
| EOY | 144261326 | EOY |
Investments Other Securities InvestmentsOtherSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 28630465 | BOY |
| EOY | 22911098 | EOY |
Investments Program Related InvestmentsProgramRelated
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 18141507 | BOY |
| EOY | 13976328 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 980662933 | BOY |
| EOY | 1069954961 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 61726412 | BOY |
| EOY | 56946844 | EOY |
Deferred Revenue DeferredRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 83152636 | BOY |
| EOY | 88512535 | EOY |
Tax Exempt Bond Liabilities TaxExemptBondLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 347803511 | BOY |
| EOY | 364100254 | EOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 38486445 | BOY |
| EOY | 39499501 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 531169004 | BOY |
| EOY | 549059134 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 372770688 | BOY |
| EOY | 436453349 | EOY |
Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 59256608 | BOY |
| EOY | 64258142 | EOY |
Permanently Restricted Net Assets PermanentlyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 17466633 | BOY |
| EOY | 20184336 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 449493929 | BOY |
| EOY | 520895827 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 980662933 | BOY |
| EOY | 1069954961 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | X | InfoInScheduleOPartXI |
| Reconcilation Revenue Expenses | 64934779 | ReconcilationRevenueExpenses |
| Reconcilation Other Changes | 6467119 | ReconcilationOtherChanges |
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | 0 | AccountantCompileOrReview |
| FS Audited | 1 | FSAudited |
| Audit Committee | 1 | AuditCommittee |
| Financial Statement Consolidated | X | FinancialStatementConsolidated |
| Federal Grant Audit Required | 1 | FederalGrantAuditRequired |
| Federal Grant Audit Performed | 1 | FederalGrantAuditPerformed |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| School170b1 Aii | X | School170b1Aii |
Schedule B IRS990ScheduleB
Contributor Info ContributorInfo
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor Number | RESTRICTED | ContributorNumber |
Contributor Name Business ContributorNameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor Address US ContributorAddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Aggregate Contributions | RESTRICTED | AggregateContributions |
Schedule C IRS990ScheduleC
| Field | Value | IRS element (for citing) |
|---|---|---|
| Volunteers | 0 | Volunteers |
| Paid Staff Or Management | 0 | PaidStaffOrManagement |
| Media Advertisements | 0 | MediaAdvertisements |
| Mailings Members | 0 | MailingsMembers |
| Publications Or Broadcast | 0 | PublicationsOrBroadcast |
| Grants Other Organizations | 0 | GrantsOtherOrganizations |
| Direct Contact Legislators | 1 | DirectContactLegislators |
| Direct Contact Legislators | $766,163 | DirectContactLegislatorsAmount |
| Rallies Demonstrations | 0 | RalliesDemonstrations |
| Other Activities | 0 | OtherActivities |
| Total Lobbying Expenditures IIB | 766163 | TotalLobbyingExpendituresIIB |
| Not Described In501c3 | 0 | NotDescribedIn501c3 |
Schedule D IRS990ScheduleD
| Field | Value | IRS element (for citing) |
|---|---|---|
| Collect Used For Public Exhibition | X | CollectUsedForPublicExhibition |
| Collect Used For Scholar Research | X | CollectUsedForScholarResearch |
| Collect Used For Preservation | X | CollectUsedForPreservation |
| Collect Used For Loan Or Exch Prgrms | X | CollectUsedForLoanOrExchPrgrms |
| Solicited Assets For Sale | 0 | SolicitedAssetsForSale |
Current Year CurrentYear
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 54223000 | BeginningOfYearBalance |
| Contributions | 6187000 | Contributions |
| Investment Earnings Or Losses | 7509000 | InvestmentEarningsOrLosses |
| Other Expenditures | -3466000 | OtherExpenditures |
| End Of Year Balance | 64453000 | EndOfYearBalance |
Current Year Minus1 Year CurrentYearMinus1Year
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 46189000 | BeginningOfYearBalance |
| Contributions | 3570000 | Contributions |
| Investment Earnings Or Losses | 307000 | InvestmentEarningsOrLosses |
| Other Expenditures | 4157000 | OtherExpenditures |
| End Of Year Balance | 54223000 | EndOfYearBalance |
Current Year Minus2 Years CurrentYearMinus2Years
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 59078000 | BeginningOfYearBalance |
| Contributions | 1587000 | Contributions |
| Investment Earnings Or Losses | -12779000 | InvestmentEarningsOrLosses |
| Other Expenditures | 1697000 | OtherExpenditures |
| End Of Year Balance | 46189000 | EndOfYearBalance |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated EOY Balance | 0.56770 | BoardDesignatedEOYBalance |
| Permanent Endowment EOY Balance | 0.12510 | PermanentEndowmentEOYBalance |
| Term Endowment EOY Balance | 0.30720 | TermEndowmentEOYBalance |
| Endowments Held By Unrelated Orgs | 0 | EndowmentsHeldByUnrelatedOrgs |
| Endowments Held By Related Orgs | 0 | EndowmentsHeldByRelatedOrgs |
Land Land
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 72145134 | OtherCostOrOtherBasis |
| Book Value | 72145134 | BookValue |
Buildings Buildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | 7608322 | InvestmentCostOrOtherBasis |
| Other Cost Or Other Basis | 619562929 | OtherCostOrOtherBasis |
| Depreciation | 107769010 | Depreciation |
| Book Value | 519402241 | BookValue |
Leasehold Improvements LeaseholdImprovements
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 15682723 | OtherCostOrOtherBasis |
| Depreciation | 9645900 | Depreciation |
| Book Value | 6036823 | BookValue |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 105312948 | OtherCostOrOtherBasis |
| Depreciation | 52168605 | Depreciation |
| Book Value | 53144343 | BookValue |
Other Land Buildings OtherLandBuildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 143031828 | OtherCostOrOtherBasis |
| Depreciation | 62004855 | Depreciation |
| Book Value | 81026973 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 731755514 | TotalOfBookValueLandBuildings |
Other Liabilities OtherLiabilities (16 entries)
| DescriptionDescription | AmountAmount |
|---|---|
| Other Current Liabilities | $10,879,407 |
| Med Mal Reserve (Asserted Claims) | $919,000 |
| Accrued Workman's Comp | $1,854,376 |
| EDCT LG LIAB RSV (ASSERTED CLMS) | $21,000 |
| EDCT LG LIAB RSV (ASSERTED CLMS) | $2,172,000 |
| INC BUT NOT REP RSVS - HPD | $1,902,000 |
| LT REFUNDABLE PERKINS | $4,785,718 |
| Grande Oaks Other LT Liabilities | $6,244,582 |
| EDCT LG LIAB INC BUT NOT REP RSV | $3,071,000 |
| LT DUE ANNUITIES | $132,838 |
| LT AGENCY FUND LIABILITIES | $1,722,800 |
| DEFERRED RENT LIABILITY | $3,272,693 |
| HEALTH CENTERS REFUND PAYABLES | $364,745 |
| DHHS LIABILITY | $2,133,221 |
| Sunshine Line of Credit | $1,000 |
| LT Due Annuities Current | $23,121 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 39499501 | TotalOfAmounts |
Form990 Schedule D Part XIV Form990ScheduleDPartXIV (4 entries)
| Return ReferenceReturnReference | ExplanationExplanation | IdentifierIdentifier |
|---|---|---|
| Part III, Line 1a: | The Museum of Art acquires art for its collection through purchase or gift. As permitted by SFAS 116, accounting for contributions received and contributions made, the Museum does not include its collection items as assets in the consolidated statement of financial position. Accordingly, no value has been assigned to the Museum's art collection. The University's policy requires any proceeds from sales of collection items to be used to acquire other items for the collection. Proceeds from the sale of collection items and expenditures for collection items purchased are reflected in the consolidated statement of activities separately from revenues and expenses. | |
| Part III, Line 4: | Nova Southeastern University operates the Museum of Art/Fort Lauderdale. In service to the public, the mission of the Museum is to actively engage diverse audiences in the appreciation of works of art throught innovative exhibitions, education programs, publications, and collection activities. This mission is consistent with the University's exempt educational purpose. | |
| Part V, Line 4: | The University's endowment consists of aproximately 233 individual endowments established for a variety of purposes. The University considers the following factors in making a determination to appropriate or accumuate donor restricted funds: a) the purposes of the institution b) the intent of the donors of the endowment fund c) the terms of the applicable instrument d) the long and short term needs of the institution e) general economic conditions f) possible effects of inflation or deflation g) the other resources of the institution h) perpetuation of the endowment | Description of Intended Use of Endowment Funds: |
| Part X: | Accounting for Uncertainity in Income Taxes: The University follows the guidance contained in ASC 740, Income Taxes. ASC 740 addresses the accounting for uncertainity in income taxes recognized in an entity's financial statements and prescribes a threshold of more-likely-than- not for recognition and de-recognition of tax positions taken or expected to be taken in a tax return. There were no uncertain tax positions recorded in the consolidated financial statements for fiscal years 2010 and 2011. | Description of Uncertain Tax Positions Under FIN 48: |
Schedule E IRS990ScheduleE
| Field | Value | IRS element (for citing) |
|---|---|---|
| Nondiscriminatory Policy Stmt | 1 | NondiscriminatoryPolicyStmt |
| Policy Statement In Brochures Etc | 1 | PolicyStatementInBrochuresEtc |
| Policy Publ Via Broadcast Media | 1 | PolicyPublViaBroadcastMedia |
| Maint Racial Composition Records | 1 | MaintRacialCompositionRecords |
| Maint Scholarships Records | 1 | MaintScholarshipsRecords |
| Maint Copies Of Brochures Etc | 1 | MaintCopiesOfBrochuresEtc |
| Maint Copies Of All Solicitations | 1 | MaintCopiesOfAllSolicitations |
| Discriminate Race Students Rights | 0 | DiscriminateRaceStudentsRights |
| Discriminate Race Admiss Policies | 0 | DiscriminateRaceAdmissPolicies |
| Discriminate Race Emplmn Faculty | 0 | DiscriminateRaceEmplmnFaculty |
| Discriminate Race Scholarships | 0 | DiscriminateRaceScholarships |
| Discriminate Race Educ Policies | 0 | DiscriminateRaceEducPolicies |
| Discriminate Race Use Of Fclts | 0 | DiscriminateRaceUseOfFclts |
| Discriminate Race Athletic Prog | 0 | DiscriminateRaceAthleticProg |
| Discriminate Race Other Acty | 0 | DiscriminateRaceOtherActy |
| Government Financial Aid Received | 1 | GovernmentFinancialAidReceived |
| Government Financial Aid Revoked | 0 | GovernmentFinancialAidRevoked |
| Compliance With Rev Proc7550 | 1 | ComplianceWithRevProc7550 |
Form990 Schedule E Part II Form990ScheduleEPartII (2 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| Explanation of Nondiscriminatory Policy Publication | Schedule E, Part I, Line 3 | Consistent with all federal and state laws, rules, regulations, and/or local ordinances (e.g. Title VII, Title VI, Title III, Title II, Rehab Act, ADA, Title IX), it is the policy of Nova Southeastern University not to engage in discrimination or harassment against any persons because of race, color, religion or creed, sex, pregnancy, national or ethnic origin, non-disqualifying disability, age, ancestry, marital status, sexual orientation, unfavorable discharge from the military, veteran status, political beliefs or affiliations, and to comply with all federal and state nondiscrimination, equal opportunity and affirmative action laws, orders, and regulations. This nondiscrimination policy applies to admissions, enrollment, scholarships, loan programs, athletics, employment, and access to, participation in, and treatment in all university centers, programs, and activities. NSU admits students of any race, color, religion or creed, sex, pregnancy, national or ethnic origin, non-disqualifying disability, age, ancestry, marital status, sexual orientation, unfavorable discharge from the military, veteran status, political beliefs or affiliations, and activities generally accorded or made available to students at NSU and does not discriminate in the administration of its educational policies, admission policies, scholarship and loan programs, and athletic and other school administered programs. |
| Explanation of Government Financial Assistance | Schedule E, Part I, Line 6 | Students receive financial aid from the federal government. State aid is provided through grants. |
Schedule F IRS990ScheduleF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | 0 | GrantRecordsMaintained |
Accts Actvs Out US Table AcctsActvsOutUSTable (2 entries)
| RegionRegion | Number Of OfficesNumberOfOffices | Number Of EmployeesNumberOfEmployees | Type Of Activities ConductedTypeOfActivitiesConducted | Specific Services ProvidedSpecificServicesProvided | Total ExpendituresTotalExpenditures |
|---|---|---|---|---|---|
| Central America/Caribbean | 6 | 12 | Program Service | Academic Studies | 1173733 |
| Central America/Caribbean | 1 | 0 | Program Services | Captive Insurance | 145966 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Subtotal Number Of Employees | 12 | SubtotalNumberOfEmployees |
| Cont Number Of Employees | 0 | ContNumberOfEmployees |
| Total Number Of Employees | 12 | TotalNumberOfEmployees |
| Subtotal Amount Spent | 1319699 | SubtotalAmountSpent |
| Cont Amount Spent | 0 | ContAmountSpent |
| Total Amount Spent | 1319699 | TotalAmountSpent |
Grants To Ind Outside US GrantsToIndOutsideUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Type Of Assistance | Scholarships | TypeOfAssistance |
| Region | Scholarships | Region |
| Number Of Recipients | 21 | NumberOfRecipients |
| Amount Of Cash Grant | 53168 | AmountOfCashGrant |
| Manner Of Cash Disbursement | cash | MannerOfCashDisbursement |
| Method Of Valuation | cash | MethodOfValuation |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Transfer To Foreign Corp | 1 | TransferToForeignCorp |
| Interest In Foreign Trust | 0 | InterestInForeignTrust |
| Own Foreign Corp | 1 | OwnForeignCorp |
| Passive Foreign Invest Co | 0 | PassiveForeignInvestCo |
| Foreign Partnership | 0 | ForeignPartnership |
| Boycott Countries | 0 | BoycottCountries |
Schedule G IRS990ScheduleG
| Field | Value | IRS element (for citing) |
|---|---|---|
| Agreement Ref Fundraising | 0 | AgreementRefFundraising |
Events Information EventsInformation
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Event1 | Golf Classics | NameOfEvent1 |
| Gross Receipts Event1 | 644620 | GrossReceiptsEvent1 |
| Charitable Contributions Event1 | 481200 | CharitableContributionsEvent1 |
| Gross Revenue Event1 | 163420 | GrossRevenueEvent1 |
| Other Direct Expenses Event1 | 72731 | OtherDirectExpensesEvent1 |
| Name Of Event2 | Fishing Tournament | NameOfEvent2 |
| Gross Receipts Event2 | 178250 | GrossReceiptsEvent2 |
| Charitable Contributions Event2 | 84950 | CharitableContributionsEvent2 |
| Gross Revenue Event2 | 93300 | GrossRevenueEvent2 |
| Other Direct Expenses Event2 | 78927 | OtherDirectExpensesEvent2 |
| Total Number Of Other Events | 12 | TotalNumberOfOtherEvents |
| Gross Receipts Other Events | 800646 | GrossReceiptsOtherEvents |
| Charitable Contrib Other Events | 635844 | CharitableContribOtherEvents |
| Gross Revenue Other Events | 164802 | GrossRevenueOtherEvents |
| Other Direct Expenses Other Events | 445274 | OtherDirectExpensesOtherEvents |
| Gross Receipts Total | 1623516 | GrossReceiptsTotal |
| Charitable Contributions Total | 1201994 | CharitableContributionsTotal |
| Gross Revenue Total Events | 421522 | GrossRevenueTotalEvents |
| Other Direct Expenses Total Events | 596932 | OtherDirectExpensesTotalEvents |
| Direct Expense Summary Events | 596932 | DirectExpenseSummaryEvents |
| Net Income Summary | -175410 | NetIncomeSummary |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Records Maintained | 1 | RecordsMaintained |
Form990 Schedule I Part III Form990ScheduleIPartIII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Type Of Grant | Institutional Scholarships | TypeOfGrant |
| Number Of Recipients | 11899 | NumberOfRecipients |
| Amount Of Cash Grant | 59497882 | AmountOfCashGrant |
| Method Of Valuation | Book | MethodOfValuation |
| Description Of Non Cash Assistance | n/a | DescriptionOfNonCashAssistance |
Form990 Schedule I Part IV Form990ScheduleIPartIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | Procedure for Monitoring Grants in the U.S.: | Identifier |
| Return Reference | Part I, Line 2: | ReturnReference |
| Explanation | Schedule I, Part I, Line 2: Institutional grants awarded to students are booked to individual student accounts and to each college departmental account using specific contra revenue account codes. The number of recipients and amount of cash varies by center and program. Funds set aside for scholarships are budgeted annually and included in the university's budget plan approved by the Board of Trustees. | Explanation |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Housing Allowance Or Residence | X | HousingAllowanceOrResidence |
| Club Dues Or Fees | X | ClubDuesOrFees |
| Written Policy Re T And E Expenses | 1 | WrittenPolicyReTAndEExpenses |
| Substantiation Required | 1 | SubstantiationRequired |
| Compensation Committee | X | CompensationCommittee |
| Form990 Of Other Organizations | X | Form990OfOtherOrganizations |
| Written Employment Contract | X | WrittenEmploymentContract |
| Compensation Survey | X | CompensationSurvey |
| Board Or Committee Approval | X | BoardOrCommitteeApproval |
| Severance Payment | 0 | SeverancePayment |
| Supplemental Nonqual Retire Plan | 0 | SupplementalNonqualRetirePlan |
| Equity Based Comp Arrangement | 0 | EquityBasedCompArrangement |
| Comp Based On Revenue Of Filing Org | 0 | CompBasedOnRevenueOfFilingOrg |
| Comp Based On Revenue Related Orgs | 0 | CompBasedOnRevenueRelatedOrgs |
| Comp Based Net Earnings Filing Org | 0 | CompBasedNetEarningsFilingOrg |
| Comp Based Net Earnings Relate Orgs | 0 | CompBasedNetEarningsRelateOrgs |
| Any Non Fixed Payments | 0 | AnyNonFixedPayments |
| Initial Contract Exception | 0 | InitialContractException |
Form990 Schedule J Part II Form990ScheduleJPartII (12 entries)
| Base Compensation Filing OrgBaseCompensationFilingOrg | Comp Based On Related OrgsCompBasedOnRelatedOrgs | Bonus Filing OrgBonusFilingOrg | Bonus Related OrgsBonusRelatedOrgs | Other Compensation Filing OrgOtherCompensationFilingOrg | Other Compensation Related OrgsOtherCompensationRelatedOrgs | Deferred Comp Filing OrgDeferredCompFilingOrg | Deferred Comp Related OrgsDeferredCompRelatedOrgs | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrg | Nontaxable Benefits Related OrgsNontaxableBenefitsRelatedOrgs | Total Compensation Filing OrgTotalCompensationFilingOrg | Total Compensation Related OrgsTotalCompensationRelatedOrgs | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrg | Comp Report Prior990 Related OrgsCompReportPrior990RelatedOrgs |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Ray Ferrero Jr | |||||||||||||
| 611562 | 0 | 0 | 0 | 172581 | 0 | 24500 | 0 | 4230 | 0 | 812873 | 0 | 0 | 0 |
| George L Hanbury II | |||||||||||||
| 376805 | 0 | 0 | 0 | 27827 | 0 | 24500 | 0 | 4230 | 0 | 433362 | 0 | 0 | 0 |
| Frederick Lippman | |||||||||||||
| 343280 | 0 | 0 | 0 | 19026 | 0 | 24500 | 0 | 0 | 0 | 386806 | 0 | 0 | 0 |
| Francis A De Piano | |||||||||||||
| 274040 | 0 | 0 | 0 | 0 | 0 | 24500 | 0 | 4230 | 0 | 302770 | 0 | 0 | 0 |
| H Wells Singleton | |||||||||||||
| 308944 | 0 | 0 | 0 | 11140 | 0 | 24500 | 0 | 4230 | 0 | 348814 | 0 | 0 | 0 |
| John Santulli | |||||||||||||
| 231039 | 0 | 0 | 0 | 0 | 0 | 23103 | 0 | 4230 | 0 | 258372 | 0 | 0 | 0 |
| David M Fields | |||||||||||||
| 287137 | 0 | 0 | 0 | 0 | 0 | 9865 | 0 | 4230 | 0 | 301232 | 0 | 0 | 0 |
| Joseph Harbaugh | |||||||||||||
| 328981 | 0 | 0 | 0 | 8500 | 0 | 24500 | 0 | 8460 | 0 | 370441 | 0 | 0 | 0 |
| Jan E Kronmiller | |||||||||||||
| 228148 | 0 | 0 | 0 | 75000 | 0 | 22814 | 0 | 4230 | 0 | 330192 | 0 | 0 | 0 |
| Anthony J Silvagni | |||||||||||||
| 300134 | 0 | 0 | 0 | 4547 | 0 | 24500 | 0 | 4230 | 0 | 333411 | 0 | 0 | 0 |
| Tracy A Favreau | |||||||||||||
| 207545 | 0 | 0 | 0 | 71016 | 0 | 20754 | 0 | 4230 | 0 | 303545 | 0 | 0 | 0 |
| Robert S Oller | |||||||||||||
| 266483 | 0 | 0 | 0 | 0 | 0 | 24500 | 0 | 4230 | 0 | 295213 | 0 | 0 | 0 |
Form990 Schedule J Part III Form990ScheduleJPartIII (2 entries)
| Return ReferenceReturnReference | ExplanationExplanation | IdentifierIdentifier |
|---|---|---|
| Part I, Line 1a | Supplemental Compensation Information: A housing allowance is provided to the president of the University. This allowance is fully taxable to the recipient. The University pays for club dues on behalf of certain executives. These amounts are treated as taxable to the employee and included in his or her compensation. | |
| Part III | Part Part VI, Section A. Royal F. Jonas, Trustee, is an independent contractor and provides consulting services for the organization. He recieves a 1099 from the organization. This information has been disclosed in Part VII, Section A,(D) and Part IX, Line 11g. He is not included in Part VI, Line 1b as he is not an independent voting member of the Board of Trustees. | Supplemental Information |
Schedule K IRS990ScheduleK
Form990 Schedule K Part I Form990ScheduleKPartI (4 entries)
| Issuer EINIssuerEIN | CUSIP NumberCUSIPNumber | Date IssuedDateIssued | Issue PriceIssuePrice | Description Of PurposeDescriptionOfPurpose | DefeasedDefeased | On Behalf Of IssuerOnBehalfOfIssuer | Pool FinancingPoolFinancing |
|---|---|---|---|---|---|---|---|
| Broward County Educational Facilities Authority Series 2004A2004B | |||||||
| 521626969 | 115015DD8 | 2004-04-01 | 45673537 | Refinance 1994 Bonds,Construction of University Center | 0 | 0 | 0 |
| Broward County Educational Facilities Authority Series 2004C | |||||||
| 521626969 | 115015EX3 | 2004-04-01 | 35750000 | Construction of Orlando University Center | 0 | 0 | 0 |
| Broward County Educational Facilities Authority Series 2008A | |||||||
| 521626969 | 115015FY0 | 2008-10-23 | 60000000 | Construction of Chiller Plant and Dormitory Building | 0 | 0 | 0 |
| Broward County Educational Facilities Authority Series 2006 | |||||||
| 521626969 | 115015FR5 | 2006-04-12 | 99951270 | Undergraduate Dormitory and University Center | 0 | 0 | 0 |
Form990 Schedule K Part II Form990ScheduleKPartII (4 entries)
| Total ProceedsTotalProceeds | Amount In Reserve FundAmountInReserveFund | Issuance Costs From ProceedsIssuanceCostsFromProceeds | Credit EnhancementCreditEnhancement | Capital ExpendituresCapitalExpenditures | Other Spent ProceedsOtherSpentProceeds | Year Of Subst CompletionYearOfSubstCompletion | Current RefundingCurrentRefunding | Advance RefundingAdvanceRefunding | Final Allocation MadeFinalAllocationMade | Adequate Books And Recds MaintaindAdequateBooksAndRecdsMaintaind |
|---|---|---|---|---|---|---|---|---|---|---|
| 45673538 | 1604188 | 632187 | 607542 | 18116676 | 24712945 | 2007 | 1 | 0 | 1 | 1 |
| 35750000 | 439499 | 297605 | 35012896 | 2007 | 0 | 0 | 1 | 1 | ||
| 60000000 | 682472 | 400684 | 58916844 | 2008 | 0 | 0 | 1 | 1 | ||
| 99951270 | 9181173 | 1028556 | 2421361 | 87320180 | 2007 | 0 | 0 | 1 | 1 |
Form990 Schedule K Part III Form990ScheduleKPartIII (4 entries)
| Owning Bond Financed PropertyOwningBondFinancedProperty | Any Lease ArrangementsAnyLeaseArrangements | Mngment Cntrct Bond Financd PrprtyMngmentCntrctBondFinancdPrprty | Any Research AgreementsAnyResearchAgreements | Bond Counsel Routinely EngagedBondCounselRoutinelyEngaged | Prcntge Prvt Business Use By OthersPrcntgePrvtBusinessUseByOthers | Percentage Of Prvt Business Re UBIPercentageOfPrvtBusinessReUBI | Total Private Business UseTotalPrivateBusinessUse | Post Issuance Compliance ProcdrsPostIssuanceComplianceProcdrs |
|---|---|---|---|---|---|---|---|---|
| 0 | 0 | 0 | 0 | 1 | 0.00000 | 0.00000 | 0.00000 | 1 |
| 0 | 1 | 0 | 0 | 1 | 0.01000 | 0.00000 | 0.01000 | 1 |
| 0 | 0 | 0 | 0 | 1 | 0.00000 | 0.00000 | 0.00000 | 1 |
| 0 | 1 | 0 | 0 | 1 | 0.03350 | 0.00000 | 0.03350 | 1 |
Form990 Schedule K Part IV Form990ScheduleKPartIV (4 entries)
| Form8038 T FiledForm8038TFiled | Variable Rate IssueVariableRateIssue | Hedge Identified In Books And RecdsHedgeIdentifiedInBooksAndRecds | Gross Proceeds Invested In GICGrossProceedsInvestedInGIC | Gross Proceeds InvestedGrossProceedsInvested | Exception To RebateExceptionToRebate |
|---|---|---|---|---|---|
| 1 | 0 | 0 | 0 | 0 | 0 |
| 1 | 1 | 0 | 0 | 0 | 0 |
| 1 | 1 | 0 | 0 | 0 | 0 |
| 1 | 0 | 0 | 0 | 0 | 0 |
Schedule K IRS990ScheduleK
Form990 Schedule K Part I Form990ScheduleKPartI (3 entries)
| Issuer EINIssuerEIN | CUSIP NumberCUSIPNumber | Date IssuedDateIssued | Issue PriceIssuePrice | Description Of PurposeDescriptionOfPurpose | DefeasedDefeased | On Behalf Of IssuerOnBehalfOfIssuer | Pool FinancingPoolFinancing |
|---|---|---|---|---|---|---|---|
| Museum of Art Series 2007A | |||||||
| 596000531 | 115015EX4 | 2007-09-26 | 1950000 | Building Renovation and Refinance of Museum Bonds/Debt | 0 | 0 | 0 |
| Town of Davie Florida Series 2009 | |||||||
| 596046527 | 115015EX5 | 2009-05-29 | 60000000 | Equipping, Renovating University School | 0 | 0 | 0 |
| Higher Educational Facility Financing Authority Series 2011 | |||||||
| 900058227 | 34073TCV7 | 2011-02-15 | 37878793 | Refinance 2000 Bonds, Construction of West Palm Beach Student Educational Ce | 0 | 0 | 0 |
Form990 Schedule K Part II Form990ScheduleKPartII (3 entries)
| Total ProceedsTotalProceeds | Issuance Costs From ProceedsIssuanceCostsFromProceeds | Capital ExpendituresCapitalExpenditures | Other Spent ProceedsOtherSpentProceeds | Year Of Subst CompletionYearOfSubstCompletion | Current RefundingCurrentRefunding | Advance RefundingAdvanceRefunding | Final Allocation MadeFinalAllocationMade | Adequate Books And Recds MaintaindAdequateBooksAndRecdsMaintaind | Amount In Reserve FundAmountInReserveFund |
|---|---|---|---|---|---|---|---|---|---|
| 1950000 | 39000 | 1471513 | 439487 | 2008 | 1 | 0 | 1 | 1 | |
| 60000000 | 491850 | 59508150 | 2010 | 0 | 0 | 1 | 1 | ||
| 37878793 | 650626 | 22278960 | 13127734 | 2011 | 1 | 0 | 1 | 1 | 1821473 |
Form990 Schedule K Part III Form990ScheduleKPartIII (3 entries)
| Owning Bond Financed PropertyOwningBondFinancedProperty | Any Lease ArrangementsAnyLeaseArrangements | Mngment Cntrct Bond Financd PrprtyMngmentCntrctBondFinancdPrprty | Any Research AgreementsAnyResearchAgreements | Bond Counsel Routinely EngagedBondCounselRoutinelyEngaged | Prcntge Prvt Business Use By OthersPrcntgePrvtBusinessUseByOthers | Percentage Of Prvt Business Re UBIPercentageOfPrvtBusinessReUBI | Total Private Business UseTotalPrivateBusinessUse | Post Issuance Compliance ProcdrsPostIssuanceComplianceProcdrs |
|---|---|---|---|---|---|---|---|---|
| 0 | 0 | 0 | 0 | 1 | 0.00000 | 0.00000 | 0.00000 | 1 |
| 0 | 0 | 0 | 0 | 1 | 0.00000 | 0.00000 | 0.00000 | 1 |
| 0 | 0 | 0 | 0 | 1 | 0.00000 | 0.00000 | 0.00000 | 1 |
Form990 Schedule K Part IV Form990ScheduleKPartIV (3 entries)
| Form8038 T FiledForm8038TFiled | Variable Rate IssueVariableRateIssue | Hedge Identified In Books And RecdsHedgeIdentifiedInBooksAndRecds | Gross Proceeds Invested In GICGrossProceedsInvestedInGIC | Gross Proceeds InvestedGrossProceedsInvested | Exception To RebateExceptionToRebate |
|---|---|---|---|---|---|
| 1 | 1 | 0 | 0 | 0 | 0 |
| 1 | 0 | 0 | 0 | 0 | 0 |
| 1 | 1 | 0 | 0 | 0 | 0 |
Schedule L IRS990ScheduleL
Form990 Schedule L Part III Form990ScheduleLPartIII (2 entries)
| Amount Of GrantAmountOfGrant | Type Of AssistanceTypeOfAssistance |
|---|---|
| 15819 | Tuition Waiver for dependents |
| 53697 | Scholarship for dependents |
Form990 Schedule L Part IV Form990ScheduleLPartIV (7 entries)
| RelationshipRelationship | Amount Of TransactionAmountOfTransaction | Description Of TransactionDescriptionOfTransaction | Sharing Of RevenuesSharingOfRevenues |
|---|---|---|---|
| Name not disclosed | |||
| Family member of Andrew DiBattista,Trustee | 1723124 | Daughter of Andrew DiBattista, Trustee, is owner of ReBro, Inc. ReBro provides storage services to the organization. ReBro, Inc. received $1,723,124 for vendor services for fiscal year 2011. | 0 |
| Albert J Miniaci | |||
| Trustee | 194134 | Albert J. Miniaci,Trustee, is owner of Paramount Coffee Services,Inc. Paramount supplies coffee products and services to the University. Paramount Coffee Services, Inc. received $194,134 for fiscal year 2011 for vendor services and supplies. | 0 |
| Raymond G Ferrero III | |||
| Family member of Ray Ferrero, Jr., Officer | 90005 | Raymond G. Ferrero, III is an employee of NSU and a family member of Ray Ferrero,Jr., an Officer of NSU. Raymond G. Ferrero, III was paid $90,005 for calendar year 2010 in compensation as an NSU employee. | 0 |
| Paul Bianco | |||
| Family member of Barry Silverman, MD, Trustee | 31632 | Paul Bianco is a family member of Barry Silverman, MD, a Trustee of NSU. Mr. Bianco is employed by a NSU Vendor: Fleit, Gibbons, Gutman, Bongini, Bianco,P.L., a law firm. NSU has paid the vendor $31,632 for fiscal year 2011. | 0 |
| Royal Flagg Jonas | |||
| Trustee | 27500 | Royal Flagg Jonas is a Trustee, as well as, a consultant/independent contractor for NSU. The interested person was paid $27,500 as a consultant and issued a 1099. | 0 |
| Martin R Press | |||
| Trustee | 64168 | Martin R. Press, Trustee, is a shareholder in Gunster, Yoakley & Stewart, P.A., a law firm. The law firm was paid $64,168 by NSU for fiscal year 2011 for legal services. | 0 |
| H Wayne Huizenga | |||
| Trustee | 720000 | H. Wayne Huizenga has a 5% interest in the Miami Dolphins football team. The Miami Dolphins rented land and space from NSU in the amount of $720,000 for fiscal year 2011. | 0 |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (6 entries)
| IdentifierIdentifier | ExplanationExplanation | Return ReferenceReturnReference |
|---|---|---|
| Form 990, Part VI, Section A, line 2 | Did any officer, director, trustee or key employee have a family relationship or a business relationship with any other officer, director, trustee, or key employee? H. Wayne Huizenga, Trustee, has a business relationship with David Horvitz, Trustee. | |
| Form 990, Part VI, Section B, line 11 | Part VI, Section B, Line 11b Describe the process used by the organization to review this Form 990: The organization has contracted with KPMG to review the 990. Upon final review by KPMG, the Form 990 is submitted to the President of the organization for review. Upon approval, the Form 990 is made available to the Board of Trustees. The Form 990 is signed and submitted electronically to the IRS. | |
| Description of Process to Monitor Transactions for Conflicts of Interest: The University asks the governing Board of Trustees, officers, directors and key employees to respond to a questionnaire and disclose on a yearly basis. The questionnaire is designed to collect information and monitor compliance. | Form 990, Part VI, Section B, line 12c | |
| Process for determining compensation of Officers and Key positions: Each year a comparative analysis is performed by a compensation analyst in human resources and is provided to the compensation committee appointed by the Chairman of the Board of NSU. The analysis is reported to the Executive Committee and then to the Board of Trustees of the University. | Form 990, Part VI, Section B, line 15 | |
| Availability of Governing documents, conflict of interest policy and financial statements to general public: NSU's audited financial statements can be found in its Annual Report on its website: www.Nova.edu. In addition, the public at large, may receive a copy of the report upon request. | Form 990, Part VI, Section C, line 19 | |
| Change in Net Assets: Net Unrealized gains on investments: $6,012,504 Prior Period Adjustments: 454,615 Total to Form 990, Part XI, Line 5: 6,467,119 | Part XI, Line 5, Changes in Net Assets: |
Schedule R IRS990ScheduleR
Form990 Schedule R Part I Form990ScheduleRPartI (2 entries)
| Address Line1AddressUS/AddressLine1 | CityAddressUS/City | StateAddressUS/State | ZIP CodeAddressUS/ZIPCode | EINEIN | Primary ActivitiesPrimaryActivities | Legal Domicile StateLegalDomicileState | Total IncomeTotalIncome | EOY AssetsEOYAssets | Business Name Line1DirectControllingEntityName/BusinessNameLine1 |
|---|---|---|---|---|---|---|---|---|---|
| NSU Grande Oaks LLC | |||||||||
| 3201 W Rolling Hills Circle | Fort Lauderdale | FL | 33328 | 204811801 | Golf Course | FL | 4268890 | 5169460 | Nova Southeastern University Inc |
| NSU Park Plaza LLC | |||||||||
| 3301 College Ave | Fort Lauderdale | FL | 33314 | 030380632 | Commercial Real Estate | FL | 700000 | 5400000 | Nova Southeastern University Inc |
Form990 Schedule R Part II Form990ScheduleRPartII
Name Of Disregarded Entity NameOfDisregardedEntity
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | NSU Health Professions Division Foundation Inc | BusinessNameLine1 |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 3200 South University Dr | AddressLine1 |
| City | Fort Lauderdale | City |
| State | FL | State |
| ZIP Code | 33328 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 650456144 | EIN |
| Primary Activities | Support | PrimaryActivities |
| Legal Domicile State | FL | LegalDomicileState |
| Exempt Code Section | 501 (c) (3) | ExemptCodeSection |
| Public Charity Status | PC | PublicCharityStatus |
Direct Controlling Entity Name DirectControllingEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Nova Southeastern University Inc | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Controlled Org | 0 | ControlledOrg |
Form990 Schedule R Part IV Form990ScheduleRPartIV (2 entries)
| Address Line1AddressForeign/AddressLine1 | CityAddressForeign/City | CountryAddressForeign/Country | Postal CodeAddressForeign/PostalCode | Primary ActivityPrimaryActivity | Legal Domicile Foreign CountryLegalDomicileForeignCountry | Business Name Line1DirectControllingEntityName/BusinessNameLine1 | Type Of EntityTypeOfEntity | Share Of Total IncomeShareOfTotalIncome | Share Of EOY AssetsShareOfEOYAssets | Percentage OwnershipPercentageOwnership | Address Line1AddressUS/AddressLine1 | CityAddressUS/City | StateAddressUS/State | ZIP CodeAddressUS/ZIPCode | EINEIN | Legal Domicile StateLegalDomicileState |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| NSU Guaranty Insurance Company LTD | ||||||||||||||||
| c/o Willis Mgt PO Box 30600 KY1 12 | Grand Cayman | CJ | KY1-1203 | Insurance Captive | CJ | Nova Southeastern University Inc | C | 100 | 100 | 1.00000 | ||||||
| Academical Village Research and Education Foundation Inc | ||||||||||||||||
| Dormant | Nova Southeastern University Inc | C | 100 | 100 | 1.00000 | 3301 College Ave | Fort Lauderdale | FL | 33314 | 202618049 | FL | |||||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Ann Rents Royalties | 0 | ReceiptOfIntAnnRentsRoyalties |
| Gift Grant Or Cap Contr To Other Org | 0 | GiftGrantOrCapContrToOtherOrg |
| Gift Grant Or Cap Contr Fr Other Org | 0 | GiftGrantOrCapContrFrOtherOrg |
| Loans Or Guarantees To Other Org | 0 | LoansOrGuaranteesToOtherOrg |
| Loans Or Guarantees From Other Org | 0 | LoansOrGuaranteesFromOtherOrg |
| Sale Of Assets To Other Org | 0 | SaleOfAssetsToOtherOrg |
| Purchase Of Assets From Other Org | 0 | PurchaseOfAssetsFromOtherOrg |
| Exchange Of Assets | 0 | ExchangeOfAssets |
| Rental Of Facilities To Other Orgs | 0 | RentalOfFacilitiesToOtherOrgs |
| Rental Of Facilities Fr Other Orgs | 0 | RentalOfFacilitiesFrOtherOrgs |
| Perform Of Services For Other Orgs | 0 | PerformOfServicesForOtherOrgs |
| Perform Of Services By Other Orgs | 0 | PerformOfServicesByOtherOrgs |
| Sharing Of Facilities | 0 | SharingOfFacilities |
| Sharing Of Paid Employees | 0 | SharingOfPaidEmployees |
| Reimbursement Paid To Other Org | 0 | ReimbursementPaidToOtherOrg |
| Reimbursement Paid By Other Org | 0 | ReimbursementPaidByOtherOrg |
| Other Transfer To Other Org | 0 | OtherTransferToOtherOrg |
| Other Transfer From Other Org | 0 | OtherTransferFromOtherOrg |