2012-05-15T13:03:31-05:00 2011-06-30 990 2010-07-01 030482006 Ave Maria University Inc AVEM 2392802500 5050 Ave Maria Blvd Ave Maria FL 34142 Eugene Munin 2392802500 2012-05-14 2010 2016-02-24 21:20:13Z Eugene Munin 5050 Ave Maria Blvd Ave Maria FL 34142 49293422 0 X www.avemaria.edu X 2002 FL University education grounded in the traditions and faith of the Roman Catholic Church 20 19 694 225 0 0 31271495 19710925 24665594 25621532 1183661 1130770 622470 2085972 57743220 48549199 10227956 10707754 0 0 15890008 16778992 0 0 5331414 26095284 25424768 52213248 52911514 5529972 -4362315 301887218 295998422 66757762 65024372 235129456 230974050 University educational facility training individuals towards baccalaureate, masters and doctorate degrees. 0 0 33300222 9189958 18941695 Establish a university dedicated to instructing and training individuals towards a baccalaureate, masters or doctorate degrees. 816 students were seeking degrees at AMU during the 2010-2011 school year. 7640011 1517796 6784073 Establish a university in Latin America dedicated to instructing and training induviduals towards a baccalaureate degree. 40940233 1 1 0 0 0 0 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 1 0 1 0 0 0 1 1 1 0 0 0 0 0 1 0 1 0 1 1 1 0 0 0 1 0 0 0 0 1 169 0 1 694 1 1 1 1 NU 0 0 0 1 1 0 0 0 0 0 0 0 X 20 19 1 1 1 0 0 0 0 1 0 1 0 0 1 1 1 1 1 0 0 0 AK WY AZ CO KY LA MA MD MO NH NJ OR WA X X Eugene Munin 2392801516 5050 Ave Maria Blvd Ave Maria FL 34142 Nicholas Healy Jr 40.00 X X X 176651 0 25039 Paul Roney 24.00 X X X 72252 0 22776 Thomas S Monaghan 40.00 X X X 23660 0 13719 Patricia Donahue Dolan 1.00 X 0 0 0 John F Donahue 1.00 X 0 0 0 A M O'Hare 1.00 X 0 0 0 Edward W Easton 1.00 X 0 0 0 Mary L Demetree 1.00 X 0 0 0 Richard M Gabrys 1.00 X 0 0 0 Rev Benedict Groeschel 1.00 X 0 0 0 Barbara B Henkels 1.00 X 0 0 0 Monsignor Laurence E Higgins 1.00 X 0 0 0 John V Tippmann Sr 1.00 X 0 0 0 Dr Robert L Wilken 1.00 X 0 0 0 Adam Cardinal Maida 1.00 X 0 0 0 Fr Mitch Pacwa 1.00 X 0 0 0 Dr Kevin Ryan 1.00 X 0 0 0 Michael D Soignet 1.00 X 0 0 0 Glory L Sullivan 1.00 X 0 0 0 Michael T O Timmis 1.00 X 0 0 0 Most Rev Frank Dewane 1.00 X 0 0 0 Amb Michael Novak 1.00 X 21996 0 3500 Joseph C Canizaro 1.00 X 0 0 0 H James Towey 40.00 X X X 0 0 0 Max Garcia 40.00 X 27872 0 2829 John Sites 40.00 X 181488 0 23432 Harvey Leach 40.00 X 85000 0 8138 Bobby Doyle Jr 40.00 X 165920 0 24822 Michael Waldstein 40.00 X 136092 0 26355 Daniel Dentino 40.00 X 138704 0 23545 Edward Stong 40.00 X 126047 0 9015 Carol Carpenter 40.00 X 123613 0 31717 1166423 0 203920 20 0 1 0 Food Service Inc 1801 W Glendale Ave Milwaukee WI 53209 Campus food service 1688860 Hylant Group 811 Madison Ave Toledo OH 43624 Insurance 307239 AKA Printing & Mailing 44 Joseph Mills Dr Fredericksburg VA 22408 Printing & mailing service 250387 Ave Maria Development 2600 Golden Gate parkway Naples FL 34105 Bldg lease 212736 Mike's Complete 15275 Collier Blvd 201/363 Naples FL 34119 Bldg/ground maintenance 198649 10 3165000 188000 16357925 1089609 19710925 Tuition & fees 611710 19680180 19680180 Faculty/student housin 531110 5845696 5845696 AMU Press Co-productio 511110 70310 70310 Program/athletics 611710 25346 25346 25621532 1129985 1129985 1955123 630845 1324278 1324278 1324278 785 785 785 785 281440 94741 186699 186699 122873 18637 104236 104236 Miscellaneous revenue 611710 470759 470759 470759 48549199 25725768 0 3112506 9189958 9189958 1517796 1517796 476047 476047 13639970 9892373 1808602 1938995 39431 29684 6397 3350 1847655 1368317 206891 272447 775889 545399 94850 135640 167648 86076 81572 1137819 582931 381077 173811 583714 285655 79807 218252 605924 393372 94048 118504 54336 12979 1685 39672 7150 7150 601315 438181 163134 697212 494845 90503 111864 108691 67112 13162 28417 1804929 1804929 5600380 4480304 1120076 112501 72718 39343 440 Institutional costs 7252354 4515576 1064233 1672545 Student meals 1584455 1584455 Loss on impairment of a 1087610 1087610 Bad debts expense 1006714 653173 353541 Direct mail 402066 7543 394523 2609950 1822097 564899 222954 52911514 40940233 6639867 5331414 2888813 2106574 3051100 1957975 3057827 2931996 557714 941296 10992380 11806352 203301 175265 146780 44548 253632454 21927656 232914166 231704798 8684700 5789551 39390437 38540067 301887218 295998422 3930751 2949112 57470000 55980000 2056115 2000000 998651 3300896 3096609 66757762 65024372 X 227091147 223356367 5566268 5449602 2472041 2168081 235129456 230974050 301887218 295998422 X -4362315 206909 X 0 1 1 X 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1245250 X X X 0 8038309 1828707 726199 -2975532 7617683 5553532 3547841 753563 -1816627 8038309 9346031 692371 -1676233 -2808637 5553532 0.00000 0.28460 0.71540 0 0 4302451 4302451 222342306 11932708 210409598 3280314 599088 2681226 23707383 9395860 14311523 231704798 Beneficial Interest in Trust 1435628 Intangible Assets 5050000 Deferred Bond Issuance Costs 761036 Assets held for rent 31127444 Receivable from related organization 165959 38540067 Gift Annuity Payable 1394100 Fair value interest rate swap 1702509 3096609 48549199 52911514 -4362315 206909 206909 -4155406 48756108 206909 206909 48549199 0 48549199 52911514 0 52911514 0 52911514 Part III, Line 4: The university has assembled a collection of rare and historical religious and philosophical books and manuscripts which are used for scholarly research by both undergraduate and graduate students. These collections are also made available to visiting scholars and researchers. In addition to its books and manuscript collection, the university also owns a small collection of religious art and artifacts that are on public display and are used to further its mission as a university in the Catholic tradition, bringing social and spiritual benefits to its students and staff. Description of Uncertain Tax Positions Under FIN 48: Part X: Management has analyzed the tax positions taken by the University and has concluded that as of June 30, 2011, there are no uncertain positions taken or expected to be taken that would require recognition of a liability or disclosure in the financial statements. The University is subject to routine audits by taxing jurisdictions; however, there are currently no audits for any periods in progress. Management believes it is no longer subject to income tax examinations for years prior to June 30, 2007. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 Explanation of Nondiscriminatory Policy Publication Schedule E, Part I, Line 3 These policies are published in catalogs describing the institution's course offerings and employment advertisements. 1 Central America 1 26 Operate a university in Latin America instructing individuals towards a baccalaureate degree. Full course accredited curriculuum taught by qualified professors. 7640011 1 26 0 0 1 26 7640011 0 7640011 General scholarship grants to qualified students at Ave Maria University in Nicaragua. The Office of Financial Aid determines a student's eligibility based on the family's financial strength, which includes consideration of family income and assets, number of children in college and if appropriate, special circumstances. Financial aid will be revoked without adequate progress. Nicaraqua, Central America 563 1517796 Scholarships deposited with university FMV of cash at time of deposit 0 0 0 0 0 0 Method Used to Acccount for Expenditures: Schedule F, Part I, Line 3: Monthly financial reviews, annual certified audits by an independent auditing firm, site visits of the university. Programatic reviews, establish annual budgets, meetings and conference calls. Naples Golf Outing 85045 85045 11074 18689 Marine Event 100377 100377 40087 24891 2 96018 96018 281440 281440 51161 43580 94741 186699 1 General Scholarship grants are awarded to qualified students attending Ave Maria University. 766 9189958 FMV as semester classes begin Procedure for Monitoring Grants in the U.S.: Part I, Line 2: Schedule I, Part I, Line 2: The Office of Financial Aid determines a student's eligibility based on the family's financial strength, which includes consideration of family income and assets, number of children in college and if appropriate, special circumstances. Financial aid will be revoked without adequate progress. X X X 0 0 X 1 0 0 0 0 0 0 0 0 Nicholas Healy Jr 176651 0 0 0 0 0 3338 0 21701 0 201690 0 0 0 Paul Roney Thomas S Monaghan H James Towey John Sites 181488 0 0 0 0 0 1577 0 21855 0 204920 0 0 0 Bobby Doyle Jr 165920 0 0 0 0 0 3185 0 21637 0 190742 0 0 0 Michael Waldstein 136092 0 0 0 0 0 2625 0 23730 0 162447 0 0 0 Daniel Dentino 138704 0 0 0 0 0 2634 0 20911 0 162249 0 0 0 Edward Stong 126047 0 0 0 0 0 0 0 9015 0 135062 0 0 0 Carol Carpenter 123613 0 0 0 0 0 23356 0 8361 0 155330 0 0 0 Part I, Line 1a The University President is provided a residence near campus as an ordinary and necessary expense to be accessible and available to faculty, administration and students. Part I, Line 4a University President, Nicholas Healy began receiving severance pay March 7, 2011. Collier County Educational Facilities Authority - Series 2006 650915682 19463TAB2 2006-10-01 28980000 Acquisition and construction of housing facilities & dormitory 0 0 0 Collier County Educational Facilities Authority - Series 2007 650915682 19463TAC0 2007-08-01 10000000 Acquisition and construction of housing facilities & dormitory 0 0 0 Collier County Educational Facilities Authority - Series 2008 650915682 19463TAD8 2008-08-01 17000000 Acquisition, construction & equiping of 554 bed student dormitory 0 0 0 0 0 1 1 0 0 1 1 0 0 1 1 0 0 0 0 1 0.00000 0.00000 0.00000 0 0 0 0 0 1 0.00000 0.00000 0.00000 0 0 0 0 0 1 0.00000 0.00000 0.00000 0 1 1 1 Comerica Securities 10.000000000000 0 0 0 0 0 1 1 1 Fifth Third Securities 10.000000000000 0 0 0 0 0 1 1 1 Fifth Third Securities 3.000000000000 0 0 0 0 0 RJD Academy Lease of school facility X 380000 691398 0 1 1 AM Development Purchase of land X 89576 99898 0 1 1 Michael Waldstein Employee loan X 150000 150000 0 0 1 941296 Ave Maria Development Thomas S Monaghan is an officer and employee of AMU and a 50% owner of AMD 281852 Land development 0 X 1 11500 Appraisal value X 12 1205937 FMV at time of gift 0 1 0 Form 990, Part VI, Section A, line 2 Patricia Donahue Dolan, a Board Trustee, is the daughter of John Donahue also a Board Trustee. Form 990, Part VI, Section A, line 3 AMU hired Scott Healy & Associates in March 2011 through May 20, 2011 to manage its Admissions Office. Form 990, Part VI, Section A, line 4 The CEO designation was changed from the Chancellor to the President of the University. Form 990, Part VI, Section A, line 8b The Finance/audit Committee does not take or retain minutes. Form 990, Part VI, Section B, line 11 The Treasurer/CFO of the University reviews the Form 990 prior to signing. Form 990 is also provided to the Audit Committee of the Board of Trustees for review and comment prior to filing. The return is also made available to any Board Mmeber, if they request it. The Board is aware of this process and has an opportunity to ask any questions prior to filing. Form 990, Part VI, Section B, line 12c Responsible Persons shall periodically complete a Conflict of Interest Disclosure Statement identifying any relationships, positions or circumstances in which the Responsible Person is involved where the Responsible Person believes there could be an actual or apparent Conflict of Interest. Responsible Person shall supplement the Statement whenever necessary to keep the organization informed. The Board of Trustees reviewed compensation from comparable organizations when determining the compensation for its new President. The Board will review compensation of other key employees in the future. Form 990, Part VI, Section C, line 18 Forms 1023, 990 and 990-T are available on request during normal working hours by appointment. Form 990, Part VI, Section C, line 19 All documents required to be available to the public may be reviewed during normal working hours at the Ave Maria University Administrative Office in Ave Maria Florida by appointment. Contact Addresses for Officers, Directors, Etc Form 990, Part VII Patricia Donahue Dolan - 135 Hillcrest Road, Pittsburgh, PA 15238. John F Donahue - 1001 Liberty Ave., 27th Floor, Pittsburgh, PA 15222. Edward W Easton - 10165 Northwest 19th St, Miami, FL 33172. Mary L Demetree - 1231 Mayfield Ave, Winter Park, FL 32789. Richard M Gabrys - 249 Charing Cross Ct, Bloomfield, MI 48304. Rev Benedict Groeschel - 1 Pryor Manor Road, Larchmont, NY 10538. Barbara B Henkels - 345 Stenton Ave, Plymouth Meeting, PA 19462. Monsignor Laurence E Higgins - 5225 North Himes Ave, Tampa, FL 33614. John V Tippmann Sr - 640 A Avenue, Coronado, CA 92118. Dr Robert L Wilken - 1317 Fourth St SW, Washington, DC 20024. Adam Cardinal Maida - 44045 Five Mile Road, Plymouth, MI 48170. Fr Mitch Pacwa - 4908 Zion Road, Cleves, OH 45002. Dr Kevin Ryan - 20 Crafts Road, Chestnut Hill, MA 02467. Michael D Soignet - 954 Penniman, Plymouth, MI 48170. Glory L Sullivan - 905 Ponte Vedra Blvd, Ponte Vedra Beach, FL 32082. Michael T O Timmis - 2950 Fort Charles, Naples, FL 34102. Most Rev Frank Dewane - 1000 Pinebrook Road, Venice, FL 34285. Amb Michael Novak - 1150 7th Street NW, Washington, DC 20036. Changes in Net Assets or Fund Balances: Form 990, Part XI, line 5: Net unrealized gains on investments: 206,909. Ave Maria College 5050 Ave Maria Blvd Ave Maria FL 34142 383415373 Ave Maria College ceased operations 6/30/07 and moved to Ave Maria, Florida. MI 501(c)(3) Sec 170(b)(1)(A)(ii) AMU owns 100 of AMC stock 0 Ave Maria University Supporting Trust Inc 5050 Ave Maria Blvd Ave Maria FL 34142 200261366 Support the tax exempt purposes of Ave Maria University FL 501(c)(3) 509(a)(3) 0 Ave Maria Land Trust Inc 5050 Ave Maria Blvd Ave Maria FL 34142 200154974 Support the tax exempt purposes of Ave Maria University FL 501(c)(3) 509(a)(3) 0 Ave Maria Foundation For The Arts 5050 Ave Maria Blvd Ave Maria FL 34142 264041143 Supporting organization to Ave Maria University FL 501(c)(3) 509(a)(3) 0 0 0 1 1 1 0 0 0 1 1 0 0 1 0 0 1 0 0 Ave Maria University Land Trust Inc C 3165000 FMV Ave Maria Foundation For The Arts P 286000 Cash Ave Maria University Land Trust Inc E 2000000 FMV Ave Maria College D 165959 Cash