2026-06-11T09:00:55-05:00 2025-07-31 420714325 RSM US LLP 80 CITY SQUARE BOSTON MA 02129 990 2024-08-01 980013023 THE AMERICAN UNIVERSITY OF PARIS AMER 0140620700 129 RUE DE LUNIVERSITE PARIS FR 75007 MARIE-LAURE NAVE CFO & VP FOR FINANCE & ADMIN. 0140620700 2026-06-08 1 1 KAREN LO P01434915 6179129000 2026-06-08 2024 2025-03-06 01:10:19Z X THE AMERICAN UNIVERSITY OF PARIS INC SONYA STEPHENS 129 RUE DE LUNIVERSITE PARIS FR 75007 49669208 0 X WWW.AUP.EDU X 1962 DE THE AMERICAN UNIVERSITY OF PARIS, INC. ("AUP") IS A HIGHER EDUCATION INSTITUTION THAT PROVIDES AMERICAN UNIVERSITY DEGREES, SPECIFICALLY BACHELOR OF ARTS, BACHELOR OF SCIENCE AND MASTER'S DEGREES, THAT ARE RECOGNIZED BY THE DEPARTMENT OF EDUCATION OF THE STATE OF DELAWARE AND ACCREDITED BY MIDDLE STATES COMMISSION. 22 22 478 146 0 0 1591504 1220677 45990964 47103245 349540 715598 715771 596915 48647779 49636435 7089560 7646505 0 0 23688017 24913576 0 0 1307192 16895125 17196405 47672702 49756486 975077 -120051 86279646 101552142 53728099 63899848 32551547 37652294 X THE AMERICAN UNVERSITY OF PARIS, INC. (AUP) IS A HIGHER EDUCATION INSTITUTION THAT PROVIDES BACHELOR'S AND MASTER'S DEGREES, MIDDLE STATES ACCREDITED. 0 0 32967808 6276144 41502269 PROVIDE HIGHER EDUCATION TO STUDENTS SEEKING A BACHELOR'S DEGREE (BA & BS). THE TOTAL NUMBER OF STUDENTS FOR THE UNDERGRADUATE PROGRAM IS 1,028 IN THE FISCAL YEAR ENDED JULY 31, 2025. AUP PROVIDES HOUSING TO STUDENTS ENROLLED FOR THE 1ST YEAR AT THE UNIVERSITY THROUGH ITS WHOLLYOWNED ENTITY, SAS AUP HOUSING, WHICH WAS INCORPORATED IN JULY 2021 TOMANAGE THE STUDENT HOUSING ACTIVITY IN FRANCE. 3142845 1370361 4161474 PROVIDE HIGHER EDUCATION TO STUDENTS SEEKING A MASTER'S DEGREE (MA & MS). THE TOTAL NUMBER OF STUDENTS FOR THE GRADUATE PROGRAM IS 98 IN THE FISCAL YEAR ENDED JULY 31, 2025. 1961111 OTHER AUXILIARY SERVICES AND STUDENT PROGRAMS 36110653 1 1 0 0 0 0 0 0 0 1 1 0 0 1 1 0 0 1 1 1 1 0 1 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 1 0 0 1 13 1 0 1 FR 0 0 0 0 0 0 0 0 0 0 X 22 22 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 DE MA MI NH NJ NY SC X MARIE-LAURE NAVE CFO & VP FOR FINANCE & ADMINISTRATION 0140620700 129 RUE DE LUNIVERSITE PARIS FR 75007 X RICHARD ASTHALTER TRUSTEE 4.75 0.25 X 0 0 0 MARTIN AVIDAN TRUSTEE 4.00 5.00 X 0 0 0 ELIZABETH BALLANTINE TRUSTEE 2.75 0.25 X 0 0 0 ANDREW BATINOVICH TRUSTEE 1.75 0.25 X 0 0 0 GARTH BRAY TRUSTEE 1.75 0.25 X 0 0 0 ELLIOTT BURDETTE TRUSTEE 2.75 0.25 X 0 0 0 MELANIE CISSONE TRUSTEE 4.75 0.25 X 0 0 0 MARGARET CONKLIN TRUSTEE 4.75 0.25 X 0 0 0 SANDRA CRAIG TRUSTEE 1.75 0.25 X 0 0 0 KRYSTIAN CZERNIECKI TRUSTEE 4.25 0.25 X 0 0 0 DORIS JOAN DAUGHNEY TRUSTEE 14.75 0.25 X 0 0 0 CHRISTINA DE LABOUCHERE TRUSTEE 2.75 0.25 X 0 0 0 LEE HUEBNER TRUSTEE 3.75 0.25 X 0 0 0 GILES KEMP TRUSTEE 2.75 0.25 X 0 0 0 JOHN KLEIN TRUSTEE 4.75 0.25 X 0 0 0 ACHIM KLUBER TRUSTEE 4.75 0.25 X 0 0 0 CAROL SUTTON LEWIS TRUSTEE 3.75 0.25 X 0 0 0 SILVER MILLER TRUSTEE 5.75 0.25 X 0 0 0 BARBARA RENO TRUSTEE 5.75 0.25 X 0 0 0 JANE ROSS TRUSTEE 1.75 0.25 X 0 0 0 JACQUELINE ROUTIER TRUSTEE 3.75 0.25 X 0 0 0 PHILIPPE TARTAVULL TRUSTEE 2.75 0.25 X 0 0 0 SONYA STEPHENS PRESIDENT 39.75 0.25 X 0 0 0 COURTNEY STOMBOCK VP FOR PRESIDENTIAL INITIATIVES 39.75 0.25 X 0 0 0 MARC MONTHEARD VP SECURITY OPERATIONS & STUDENT SERVICES 39.75 0.25 X 0 0 0 TIM ROGERS VP & DIR. OF ENROLLMENT MANAGEMENT 39.75 0.25 X 0 0 0 HANNAH WESTLEY DEAN OF ACADEMIC AFFAIRS 39.75 0.25 X 0 0 0 MARIE-LAURE NAVE EVP FINANCE & ADMINISTRATION (SINCE AUG. 2024) 39.75 0.25 X 0 0 0 VALERIE FODE EVP FINANCE & ADMINISTRATION (UNTIL AUG. 2024) 39.75 0.25 X 0 0 0 WADDICK DOYLE PROFESSOR 40.00 0.00 X 0 0 0 STEPHEN SAWYER PROFESSOR 40.00 0.00 X 0 0 0 DANIEL GUNN PROFESSOR 40.00 0.00 X 0 0 0 JEAN-CHARLES KHLAUT DIR. OF ACCOUNTING AND CONTROLLER 40.00 0.00 X 0 0 0 STEPHANIE BUISSON DIR. OF HUMAN RESOURCES 40.00 0.00 X 0 0 0 2167546 0 61725 13 0 1 0 KAIZEN SECURITE PRIVEE 41/43 RUE DE CRONSTADT PARIS FR 75015 SECURITY 435264 ETANEUF PROPRET 73 RUE DU CHATEAU BOULOGNEBILLANCOURT FR 92100 CLEANING 313813 CELIA WELCOME 8 RUE DE MOUTIER AUBERVILLIERS FR 93300 SECURITY 253112 UNIT 4 BUSINESS SOFTWARE FRANCE TOUR CBX 1 PASSERELLE DES REFLETS FR 92400 SOFTWARE DEVELOPMENT 252854 PRICEWATERHOUSECOOPER AUDIT SA 63 RUE DE VILLIERS NEUILLYSURSEINE FR 92200 CONSULTING 237290 19 334983 885694 1220677 TUITION AND FEES 611600 45663742 45663742 STUDENT PROGRAMS 611600 923399 923399 AUXILIARY ENTERPRISES 611600 516104 516104 47103245 718547 718547 35870 0 35870 35870 35870 2949 -2949 -2949 -2949 69260 29824 39436 39436 VARIOUS STUDENT REVENU 900099 389173 389173 CHARGEBACK OF LOAN STA 900099 132436 132436 521609 49636435 47624854 0 790904 7646505 7646505 1446755 323051 937329 186375 15245622 12949895 1984378 311349 129838 129838 482795 402674 66470 13651 7608566 6107380 1267728 233458 314290 17164 289874 7252 13588 13588 2186853 385769 1679189 121895 263585 185380 2372 75833 603969 319172 203974 80823 893496 517219 338818 37459 4600 4600 4543328 445830 4088864 8634 863368 679394 101455 82519 918894 598368 198337 122189 268772 268772 2407924 1954550 453374 66899 582 66317 EXCHANGE RATES 805300 805300 LOCAL TAXES 477564 117863 340368 19333 STUDENT ACTIVITIES 467478 467478 BOOK SUBSCRIPTIONS 113699 111677 573 1449 1982798 1940964 36861 4973 49756486 36110653 12338641 1307192 9619625 4293094 21494340 31417163 534253 422897 43465 60787 1349880 1691125 67568073 23457963 42780076 44110110 10458007 19556966 86279646 101552142 9375832 10298415 14552269 16646478 14413973 13592971 15386025 23361984 53728099 63899848 X 26696378 31490896 5855169 6161398 32551547 37652294 86279646 101552142 X -120051 5220798 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 10380365 817837 -33424 812373 10352405 8766812 2185524 165463 25442 711992 10380365 8258544 1165296 120685 777713 8766812 9751014 834438 6763 1000000 1333100 8258544 8204299 2963153 7868 751405 672901 9751014 0.35040 0.09870 0.55090 0 1 1 11744168 11744168 44970515 15913632 29056883 6084906 4370000 1714906 4768484 3174331 1594153 44110110 DEPOSITS AND INVESTMENTS 2184323 LEASE RIGHT-OF-USE ASSET, NET 17372643 19556966 CAPITAL LEASE OBLIGATIONS 6148749 LEASE RIGHT OF USE LIABILITY 17213235 23361984 PART V, LINE 4: THE ENDOWMENT FUNDS ARE USED IN FURTHERANCE OF THE EXEMPT PURPOSE OF THE SCHOOL FOR ITS DAILY OPERATIONS. DESIGNATED FUNDS ARE TO BE USED ACCORDING TO THEIR DESIGNATED PURPOSE. NON-DESIGNATED FUNDS ARE SUBJECT TO BOARD DECISION. PART V, LINES 3A AND 3B: AS OF JULY 31, 2025, THE AMERICAN UNIVERSITY OF PARIS FOUNDATION, A RELATED ORGANIZATION, HELD AND ADMINISTERED THE BALANCE OF ITS ENDOWMENT. 1 1 1 0 1 1 0 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 THE AMERICAN UNIVERSITY PUBLISHES ITS NON-DISCRIMINATORY POLICY IN ITS VIEWBOOK AND IN ITS CATALOG. IT IS ALSO CLEARLY PRINTED ON APPLICATION FORMS AND ON OUR WEBSITE. SCHEDULE E, PART I, LINE 4 THE UNIVERSITY DOES NOT MAINTAIN RECORDS ON RACIAL COMPOSITION AS IT IS ILLEGAL TO DO SO IN FRANCE WITHOUT EXPRESS AGREEMENT OF THE PERSON(S) CONCERNED. SCHEDULE E, PART I, LINE 6 THE UNIVERSITY RECEIVES TUITION SUPPORT FOR MILITARY VETERANS AND THEIR DEPENDENTS UNDER THE POST 9/11 GI BILL (CHAPTER 33) AND THE VA SURVIVORS AND DEPENDENTS EDUCATION ASSISTANCE PROGRAM (CHAPTER 35) FROM THE U.S. DEPARTMENT OF VETERAN AFFAIRS. 1 EUROPE (INCLUDING ICELAND & GREENLAND) 1 465 PROGRAM SERVICES, ADMINISTRATION, AND FUNDRAISING UNIVERSITY OPERATIONS 41135467 EUROPE (INCLUDING ICELAND & GREENLAND) GRANTMAKING 7646505 1 465 0 0 1 465 48781972 0 48781972 FINANCIAL AID EUROPE (INCLUDING ICELAND & GREENLAND) 573 7646505 FINANCIAL AID CREDITED TO STUDENT ACCOUNTS FMV 0 0 1 0 1 1 PART I, LINE 2: POTENTIAL GRANT RECIPIENTS COMPLETE APPLICATIONS TO BE ELIGIBLE FOR VARIOUS FORMS OF FINANCIAL AID AWARDS. THE FINANCIAL AID OFFICE REVIEWS APPLICATIONS TO DETERMINE ELIGIBILITY REQUIREMENTS, WHICH ARE MAINLY A COMBINATION OF FINANCIAL RESOURCES AND ACADEMIC MERIT AS EVINCED THROUGH OUR ADMISSIONS APPLICATION PROCESS. THE FINANCIAL AID OFFICE ADDITIONALLY VERIFIES THAT OTHER REQUIREMENTS, SUCH AS GPA, CREDIT HOURS, GOOD ACADEMIC STANDING AND ENROLLMENT STATUS ARE MET. STUDENT APPLICANTS RECEIVE AN AWARD LETTER IDENTIFYING THE AWARD AMOUNTS. AWARDS ARE APPLIED AS A CREDIT TO STUDENT ACCOUNTS EACH SEMESTER. THE REGISTRAR'S OFFICE PROVIDES INFORMATION SUCH AS WITHDRAWAL NOTICES TO HELP THE FINANCIAL AID OFFICE TO MONITOR PERIODICALLY THE ELIGIBILITY CRITERIA. X 1 1 X X X 0 0 0 0 0 0 0 0 0 PART I, LINES 1A AND 5A, AND PART II: THE UNIVERSITY HAS NOT PROVIDED DETAILS ON COMPENSATION, ON HOUSING ALLOWANCE OR RESIDENCE FOR PERSONAL USE, AND ON BENEFITS DUE TO FRENCH PRIVACY LAW CONCERNS. FORM 990, PART I, LINE 5 AND PART V, LINE 2A: THE AMOUNTS OF THESE TWO LINES DO NOT MATCH BECAUSE THE NUMBER OF EMPLOYEES REPORTED IN PART I, LINE 5 INCLUDES EMPLOYEES IN FRANCE PLUS US-BASED EMPLOYEES (INCLUDED IN FORM W-3) REPORTED IN PART V, LINE 2A. FORM 990, PART III, LINE 4A: THE HOUSING ACTIVITY IS MANAGED BY A SEPARATE ENTITY, SAS AUP HOUSING, WHICH IS FULLY OWNED BY AUP. ITS OPERATIONS ARE CONSOLIDATED IN THE FINANCLAL STATEMENTS OF AUP FOR THE CURRENT FISCAL YEAR AND PRESENT A NEGATIVE RESULT OF 509,246 IN EUROS. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 AND ITS SCHEDULES AND ALL OTHER ATTACHMENTS ARE REVIEWED AND COMMENTED UPON BY RSM US LLP (AUP'S EXTERNAL TAX PREPARER/ADVISOR) DURING THEIR PREPARATION BY THE FINANCE DEPARTMENT OF AUP AND BEFORE FILING. THEY ARE ALSO REVIEWED BY THE AUDIT COMMITTEE OF THE BOARD OF TRUSTEES PRIOR TO FILING. COPIES OF THE FORM 990 ARE MADE AVAILABLE FOR REVIEW TO ALL MEMBERS OF THE AUP BOARD OF TRUSTEES PRIOR TO ITS SUBMISSION WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C A TRUSTEE WHO HAS A KNOWN MATERIAL FINANCIAL INTEREST IN A PENDING OR PROPOSED TRANSACTION OR BUSINESS ARRANGEMENT INVOLVING THE UNIVERSITY SHALL PROMPTLY DISCLOSE TO THE BOARD THE EXISTENCE OF THE INTEREST AND OTHER MATERIAL INFORMATION THAT THE TRUSTEE MAY HAVE REGARDING THE TRANSACTION OR ARRANGEMENT. IN ADDITION, EACH TRUSTEE SHALL ANNUALLY SIGN AND SUBMIT TO THE CHAIRMAN OF THE BOARD OF TRUSTEES A STATEMENT DISCLOSING ALL MATERIAL FINANCIAL INTERESTS, KNOWN TO THE TRUSTEE, OF THE TRUSTEE OR A FAMILY MEMBER, IN ANY OUTSIDE ENTITY WITH WHICH THE TRUSTEE KNOWS THE UNIVERSITY HAS OR IS CONSIDERING A TRANSACTION OR OTHER BUSINESS RELATIONSHIP, OR AFFIRMING THAT THE TRUSTEE KNOWS OF NO SUCH INTERESTS. THE CHAIRMAN SHALL REVIEW ANNUAL DISCLOSURE STATEMENTS TO DETERMINE WHETHER A MATERIAL FINANCIAL INTEREST HAS BEEN DISCLOSED. IF A MATERIAL FINANCIAL INTEREST HAS BEEN DISCLOSED, THE CHAIRMAN SHALL PROMPTLY SUBMIT IT TO THE CHAIR OF THE BUSINESS AFFAIRS COMMITTEE (OR, IF THE INTERESTS INVOLVE THE CHAIR OF THE BUSINESS AFFAIRS COMMITTEE, ANOTHER MEMBER OF THE BUSINESS AFFAIRS COMMITTEE), SUCH DISCLOSURE FORMS TOGETHER WITH ANY ADDITIONAL INFORMATION ABOUT THE CURRENT OR PROPOSED TRANSACTION OR BUSINESS RELATIONSHIP THAT MAY GIVE RISE TO A CONFLICT OF INTEREST. IF THE BUSINESS AFFAIRS COMMITTEE DETERMINES THAT THERE IS A CONFLICT OF INTEREST, IT SHALL ADVISE THE INTERESTED TRUSTEE, WHO SHALL HAVE AN OPPORTUNITY TO ADDRESS THE MATTER WITH THE BUSINESS AFFAIRS COMMITTEE. WHEN A CONFLICT OF INTEREST DETERMINATION IS REFERRED TO THE BOARD, EITHER FOLLOWING REVIEW BY THE BUSINESS AFFAIRS COMMITTEE OR IF DISCLOSURE IS MADE IN THE FIRST INSTANCE TO THE BOARD (FOR EXAMPLE, WHEN A TRUSTEE BECOMES AWARE OF A POSSIBLE CONFLICT OF INTEREST DURING OR JUST BEFORE A MEETING OF THE BOARD), UNLESS THE TRUSTEE ELECTS RECUSAL, THE BOARD SHALL DECIDE WHETEHER A CONFLICT OF INTEREST EXISTS. THE BOARD MAY QUESTION THE INTERESTED TRUSTEE AND THE TRUSTEE SHALL HAVE AN OPPORTUNITY TO ADDRESS TO THE BOARD WHETHER THERE IS A CONFLICT. THE INTERESTED TRUSTEE SHALL LEAVE THE BOARD MEETING WHILE THE DISINTERESTED (INDEPENDENT) MEMBERS OF THE BOARD DETERMINE, BY MAJORITY VOTE, WHETHER THE FINANCIAL INTEREST GIVES RISE TO A CONFLICT OF INTEREST. IF IT IS DETERMINED THAT NO CONFLICT OF INTEREST EXISTS, THE INTERESTED TRUSTEE MAY REJOIN THE MEETING AND PARTICIPATE FULLY IN THE DISCUSSION OF AND VOTE ON THE PROPOSED TRANSACTION OR AGREEMENT. IF THE BOARD DETERMINES THAT A TRUSTEE HAS A CONFLICT OF INTEREST IN A MATTER BEFORE THE BOARD, THE BOARD MAY PERMIT THE INTERESTED TRUSTEE TO MAKE A PRESENATION REGARDING THE MATTER, BUT THE INTERESTED TRUSTEE SHALL BE REQUIRED TO LEAVE THE MEETING PRIOR TO THE DISCUSSION OF, AND THE VOTE ON THE PROPOSED TRANSACTION OR AGREEMENT ONLY UPON A FINDING, BY A MAJORITY VOTE OF THE DISINTERESTED TRUSTEES, THAT THE TRANSACTION OR AGREEMENT IS IN THE UNIVERSITY'S BEST INTEREST, IS FOR THE UNIVERSITY'S BENEFIT AND IS FAIR AND REASONABLE TO THE UNIVERSITY. THE BOARD MAY ENGAGE SUCH CONSULTANTS AS IT DEEMS NECESSARY OR USEFUL TO ASSIST ITS DETERMINATION OF THESE ISSUES. FORM 990, PART VI, SECTION B, LINE 15A THE BOARD COMPENSATION COMMITTEE SETS THE PRESIDENT'S COMPENSATION AFTER A STUDY OF COMPARABLE COMPENSATION DATA. THE COMMITTEE SUPPLIES THE PRESIDENT WITH A WRITTEN CONTRACT AND REVIEWS THE PRESIDENT'S COMPENSATION ANNUALLY. BOARD APPROVAL IS REQUIRED FOR ANY CHANGES TO THE PRESIDENT'S COMPENSATION. THE BOARD SETS THE COMPENSATION OF THE PROVOST AND THE EVP FINANCE AND ADMINSTRATION AND OF OTHER TOP MANAGEMENT OFFICIALS WHO ARE NOT TRUSTEES AND WHO WERE APPOINTED BY THE BOARD. FORM 990, PART VI, SECTION C, LINE 19 GOVERNANCE DOCUMENTS ARE AVAILABLE ON OUR WEBSITE AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST FOR THE SAME PERIOD OF DISCLOSURE AS SET FORTH IN SECTION 6104(D). THE FORM 990 WITHOUT SCHEDULE B IS AVAILABLE VIA THE CANDID (FORMERLY KNOWN AS GUIDESTAR) WEBSITE. FORM 990, PART VII, SECTION A: THE UNIVERSITY HAS NOT PROVIDED DETAILS ON COMPENSATION DUE TO FRENCH PRIVACY LAW CONCERNS. THE TOTAL REPORTABLE COMPENSATION IS $2,167,546 FOR THE LISTED OFFICERS AND HIGHEST PAID EMPLOYEES. FORM 990, PART XI, LINE 9: DIFFERENCE DUE TO DIFFERENT CLASSIFICATION OF EXPENSES ON TB FRENCH GAAP VE 830,455. TRANSFER TO RESTRICTED FUNDS -427,261. REVERSAL OF ACCRUALS 247,124. USE OF DEDICATED FUNDS CONSIDERED AS CHANGE IN NET ASSETS UNDER US GAAP 401,520. IRIS PROJECT ADJUSTMENT 1,778,437. LEASE RIGHT OF USE ADJUSTMENT -2,533,642. ADJUSTMENT RELATED TO AUP HOUSING SHARES 478,555. NON-OPERATING EXPENSE ADJUSTMENT (REVERSALS OF PRIOR EXPENSES) 3,409,995. ADJUSTMENT DUE TO CONVERSION RATES IMPACT ON FINANCIAL STATEMENTS 1,035,615. AMERICAN UNIVERSITY OF PARIS FOUNDATION 477 MADISON AVE 520 NEW YORK NY 10022 133276905 EDUCATION SUPPORT NY 501(C)(3) LINE 12A, I 0 SCI SEGUIN UNIVERSITIES 102 RUE SAINT DOMINIQUE PARIS FR 75007 REAL ESTATE FR AUP INC RELATED 0 0 0.99900 AUP HOUSING 5 BOULEVARD DE LA TOUR-MAUBOURG PARIS FR 75007 STUDENT LODGING FR THE AMERICAN UNIVERSITY OF PARIS INC C 7395297 4478987 1.00000 1 0 0 1 0 0 0 0 0 0 0 0 1 0 1 1 0 0 0 0 AMERICAN UNIVERSITY OF PARIS FOUNDATION C 334983 FACE VALUE AUP HOUSING L 168306 BOOK VALUE