2024-09-13T16:31:37-05:00 2023-12-31 050568611 SALMON SIMS THOMAS & ASSOCIATES PLLC 12720 HILLCREST ROAD SUITE 500 DALLAS TX 752302039 990 2023-01-01 751104546 PIERCE MORTUARY COLLEGES INC PIER 7088651600 2913 GARDNER ROAD BROADVIEW IL 60155 EDWARD HART CHIEF FINANCIAL OFFICER 7088651600 2024-09-13 1 1 RYAN T SCHILHAB P01259865 9723921143 2024-09-13 2023 2024-08-08 14:25:15Z DALLAS INSTITUTE OF FUNERAL SERVICE GUPTON-JONES COLLEGE OF FUNERAL SERVICE MID-AMERICA COLLEGE OF FUNERAL SERVICE JOSEPH R FINOCCHIARO 2913 GARDNER ROAD BROADVIEW IL 60155 19749691 0 X WWW.PIERCE.EDU X 1962 TX EDUCATING STUDENTS ON THE SUBJECT OF EMBALMING OF THE HUMAN DEAD AND THE BUSINESS AND PROFESSION OF FUNERAL SERVICE. 5 3 212 5 0 0 1068507 276046 18838095 18783063 163763 618163 41205 66494 20111570 19743766 0 185144 0 0 8320226 10438628 0 0 0 9973316 10329196 18293542 20952968 1818028 -1209202 18570524 17015480 3729190 3383348 14841334 13632132 X PIERCE MORTUARY COLLEGES, INC.'S MISSION IS TO ENGAGE IN ALL ACTIVITIES NECESSARY, USEFUL, OR EXPEDIENT TO PROMOTE AND FURTHER INTEREST IN EDUCATION, BEING PRIMARILY CONCERNED WITH EDUCATIONAL STUDY AND RESEARCH, DISSEMINATING SAME AND TEACHING THE SUBJECT OF EMBALMING OF THE HUMAN DEAD; AND THE BUSINESS AND PROFESSION OF FUNERAL SERVICE. 0 0 15301951 185144 18849557 PIERCE MORTUARY COLLEGES, INC. OFFERS AN ACCREDITED PROGRAM IN MORTUARY SCIENCE FOR THOSE INTERESTED IN EDUCATION STUDY, SCIENTIFIC RESEARCH, AND THE BUSINESS AND PROFESSION OF FUNERAL SERVICE EDUCATION. THE SCHOOL SERVES APPROXIMATELY 2,297 STUDENTS. 15301951 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 1 1 0 1 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 1 0 0 0 0 0 1 0 0 0 1 52 0 1 212 1 0 0 0 0 0 0 0 0 0 0 0 0 X 5 3 0 0 0 0 0 0 0 1 1 0 0 0 1 0 1 0 0 0 1 0 GA X JOSEPH FINOCCHIARO 7088651600 2913 GARDNER ROAD BROADVIEW IL 60155 JOSEPH U SUHOR III CHAIRMAN 5.00 X X 5000 0 0 MARK BATES TRUSTEE 5.00 X 0 0 0 ANN MESLE TRUSTEE 2.00 X 5000 0 0 TIMOTHY R BORDEN TRUSTEE 2.00 X 5000 0 0 JAY D DODDS TRUSTEE 2.00 X 5000 0 0 DON MADELUNG FORMER PRESIDENT/CEO 40.00 X 266411 0 0 TYLER WRIGHT VICE PRESIDENT/COO 40.00 X 191354 0 0 LISA MUSIOL NATIONAL DIRECTOR OF ACADE 40.00 X 173581 0 0 EDWARD HART CHIEF FINANCIAL OFFICER 40.00 X 213105 0 0 BILLIE WILSON COP 40.00 X 11252 0 0 JOSEPH FINOCCHIARO PRESIDENT/CEO 40.00 X 94137 0 0 969840 0 0 4 0 1 0 WILBERT FUNERAL SERVICES INC 3500 COLLEGE BLVD LEAWOOD KS 66211 SERVICES 2499684 CENGAGE LEARNING 10650 TOEBBEN DR INDEPENDENCE KY 41051 SERVICES 626427 PVII 871 CORONADO CENTER STE 110 HENDERSON NV 89052 SERVICES 390979 ANTHOLOGY 8330 WARD PARKWAY 5TH FLOOR KANSAS CITY MO 64114 SOFTWARE SERVICES 363158 MCLEOD 818 SUMMIT AVE ST PAUL MN 55105 DIGITAL MARKETING SERVICES 322500 14 276046 276046 TUITION & RELATED REVENUE 611600 18773303 18773303 BOOKS & SUPPLIES 611600 9760 9760 18783063 624088 624088 5925 -5925 -5925 -5925 MISCELLANEOUS 611600 66494 66494 66494 19743766 18849557 0 618163 185144 185144 969840 969840 7720322 7161620 558702 168355 139063 29292 913961 754939 159022 666150 550245 115905 2499684 624921 1874763 29048 29048 162646 162646 299207 96590 202617 754368 754368 835669 321677 513992 116459 6792 109667 965574 949011 16563 151786 64803 86983 60458 60458 67 67 515322 509982 5340 90544 88733 1811 TEXTBOOKS & SUPPLIES 1747351 1747351 STUDENT SERVICES 705854 705854 BAD DEBT 531775 531775 TUITION REFUNDS 354386 354386 508998 508998 20952968 15301951 5651017 0 7272686 6875185 6843582 5770058 276398 641104 71795 4361142 2353821 2135472 2007321 9383 9383 2033003 1640634 18570524 17015480 1172461 1227322 504334 504551 9585 14693 2042810 1636782 3729190 3383348 X 14841334 13632132 14841334 13632132 18570524 17015480 -1209202 0 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 3392056 1767256 1624800 929233 548715 380518 39853 37850 2003 2007321 OPERATING LEASE RIGHT OF USE ASSET 1621038 OTHER CURRENT ASSETS 19596 1640634 OPERATING LEASE 1636782 1636782 X 19395305 0 19395305 348461 348461 19743766 20604507 0 20604507 348461 348461 20952968 PART X, LINE 2: THE COLLEGES ARE EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(A) OF THE INTERNAL REVENUE CODE (IRC) OF 1986, AS AMENDED, AS AN ORGANIZATION DESCRIBED IN SECTION 501(C)(3) OF THE IRC. THE COLLEGES HAVE BEEN CLASSIFIED AS AN ORGANIZATION THAT IS NOT A PRIVATE FOUNDATION UNDER IRC SECTION 509(A)(2), AND AS SUCH, CONTRIBUTIONS TO THE COLLEGES QUALIFY FOR DEDUCTIONS AS CHARITABLE CONTRIBUTIONS. HOWEVER, INCOME GENERATED FROM ACTIVITIES UNRELATED TO THE COLLEGES' EXEMPT PURPOSE IS SUBJECT TO TAX UNDER IRC SECTION 511. MANAGEMENT HAS CONCLUDED THAT ANY TAX POSITIONS THAT WOULD NOT MEET THE MORE-LIKELY-THAN-NOT CRITERION OF FASB ASC TOPIC 740-10, ACCOUNTING FOR INCOME TAXES, WOULD BE IMMATERIAL TO THE FINANCIAL STATEMENTS TAKEN AS A WHOLE. ACCORDINGLY, THE ACCOMPANYING FINANCIAL STATEMENTS DO NOT INCLUDE ANY PROVISION FOR UNCERTAIN TAX POSITIONS, AND NO RELATED INTEREST OR PENALTIES HAVE BEEN RECORDED IN THE OPERATING STATEMENT OR ACCRUED IN THE STATEMENT OF FINANCIAL POSITION. FEDERAL AND STATE TAX RETURNS OF THE ENTITY ARE GENERALLY OPEN TO EXAMINATION BY THE RELEVANT TAXING AUTHORITIES FOR A PERIOD OF THREE YEARS FROM THE DATE THE RETURNS ARE FILED. PART XI, LINE 4B - OTHER ADJUSTMENTS: TUITION REFUNDS NETTED AGAINST TUITION REVENUE ON AUDIT REPORT 354,386. LOSS ON DISPOSAL OF ASSET -5,925. PART XII, LINE 4B - OTHER ADJUSTMENTS: TUITION REFUNDS NETTED AGAINST TUITION REVENUE ON AUDIT REPORT 354,386. LOSS ON DISPOSAL OF ASSET -5,925. 1 1 1 0 0 1 0 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 THE FOLLOWING STATEMENT IS PUBLISHED IN THE PIERCE MORTUARY COLLEGES, INC.'S CATALOG, WHICH INCLUDED ADMISSION PROCEDURES - IN ACCORDANCE WITH TITLE IV OF THE CIVIL RIGHTS ACT OF 1964 (P.L. 88) WE ACCEPT STUDENTS WITHOUT REGARD TO RACE, COLOR, OR COUNTRY OF ORIGIN. SCHEDULE E, PART I, LINE 4 LINE 4A: PIERCE MORTUARY COLLEGES, INC. DOES NOT CURRENTLY MAINTAIN RECORDS WITH REGARD TO THE RACIAL COMPOSITION OF THE STUDENT BODY, FACULTY, OR ADMINISTRATIVE STAFF. LINE 4B: PIERCE MORTUARY COLLEGES, INC. DOES NOT CURRENTLY MAINTAIN RECORDS WITH REGARD TO SCHOLARSHIPS AND OTHER FINANCIAL ASSISTANCE AWARDED ON A RACIALLY NONDISCRIMATORY BASIS. LINE 4D: PIERCE MORTUARY COLLEGES, INC. DOES NOT CURRENTLY KEEP COPIES OF MATERIALS USED TO SOLICIT CONTRIBUTIONS BY THE ORGANIZATION OR ON ITS BEHALF. SCHEDULE E, PART I, LINE 6 PIERCE MORTUARY COLLEGES, INC. PARTICIPATES IN TITLE IV PROGRAMS ADMINISTERED BY THE U.S. DEPARTMENT OF EDUCATION. 1 SPONSORSHIPS/SCHOLARSHIPS 173 185144 SPONSORSHIPS/SCHOLARSHIPS X X 0 0 0 0 0 0 0 0 0 DON MADELUNG FORMER PRESIDENT/CEO 266411 0 0 0 0 0 0 0 0 0 266411 0 0 0 EDWARD HART CHIEF FINANCIAL OFFICER 213105 0 0 0 0 0 0 0 0 0 213105 0 0 0 TYLER WRIGHT VICE PRESIDENT/COO 191354 0 0 0 0 0 0 0 0 0 191354 0 0 0 LISA MUSIOL NATIONAL DIRECTOR OF ACADE 173581 0 0 0 0 0 0 0 0 0 173581 0 0 0 SUHOR MANAGEMENT LLC - JOSEPH SUHOR COMPANY OWNED BY CHAIRMAN OF THE BOARD OF TRUSTEES 396916 LEASE PAYMENTS 0 FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY AN INDEPENDENT ACCOUNTANT. THE COMPLETED FORM IS REVIEWED AND APPROVED BY THE CHIEF FINANCIAL OFFICER. THE FINAL FORM 990 IS PROVIDED TO THE BOARD OF DIRECTORS AFTER THE RETURN IS FILED. FORM 990, PART VI, SECTION B, LINE 12C PIERCE MORTUARY COLLEGES, INC. ENSURES THE EMPLOYEES UNDERSTAND THE CONFLICT OF INTEREST POLICY BY ENGAGING IN ONE-TO-ONE DISCUSSIONS. FORM 990, PART VI, SECTION B, LINE 15B COMPENSATION OF THE TOP MANAGEMENT OFFICIALS AND OTHER OFFICERS IS DETERMINED BY THE PRESIDENT OF THE BOARD OF TRUSTEES. FORM 990, PART VI, SECTION C, LINE 19 PIERCE MORTUARY COLLEGES, INC.'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. WILBERT FUNERAL SERVICES INC 10965 GRANADA LANE STE 300 OVERLAND PARK KS 66211 364128481 FUNERAL SERVICES KS NONE C 0 PV II LLC 871 CORONADO CENTER DRIVE STE 110 HENDERSON NV 89052 872338687 REAL ESTATE INVESTMENTS NV NONE C 0 0 0 0 0 0 0 0 1 0 0 1 0 1 0 0 1 0 0 0 WILBERT FUNERAL SERVICES INC H 217146 ACTUAL AMT PD WILBERT FUNERAL SERVICES INC M 2499684 ACTUAL AMT PD PV II LLC K 390979 ACTUAL AMT PD SCHEDULE R, LINE 1H: PURCHASE OF ASSETS FROM RELATED ORGANIZATION - PIERCE MORTUARY COLLEGES, INC. PURCHASES SUPPLIES AND BOOKS FROM WILBERT FUNERAL SERVICES, INC. SCHEDULE R, LINE 1K: LEASE OF FACILITIES, EQUIPMENT OR OTHER ASSETS FROM RELATED ORGANIZATION - PIERCE MORTUARY COLLEGES, INC. LEASES ITS THREE FACILITIES UNDER OPERATING LEASE AGREEMENTS WITH PV II, LLC, A COMPANY OWNED BY TWO OF THE TRUSTEES. SCHEDULE R, LINE 1M: PERFORMANCE OF SERVICES OR BY RELATED ORGANIZATION - ACCOUNTING, INVESTMENT, AND CERTAIN OTHER SERVICES ARE PROVIDED TO PIERCE MORTUARY COLLEGES, INC., BY WILBERT FUNERAL SERVICES, INC. SCHEDULE R, LINE 1P: REIMBURSEMENT PAID TO OTHER ORGANIZATION FOR EXPENSES - PIERCE MORTUARY COLLEGES, INC. REIMBURSES WILBERT FUNERAL SERVICES, INC. FOR TELEPHONE AND INTERNET USAGE EXPENSES.