2023-03-06T17:46:49-06:00 2022-06-30 383635706 REHMANN ROBSON LLC 555 BRIARWOOD CIRCLE STE 300 ANN ARBOR MI 48108 990 2021-07-01 381393841 CLEARY UNIVERSITY CLEA 5175483670 3750 CLEARY DR HOWELL MI 48843 ALAN DRIMMER PRESIDENT 5175483670 2023-02-28 1 ALAN DRIMMER 999009999 KATHLEEN M UNDERHILL CPA P00589677 7347612005 2023-02-28 3 AAL1 IAL1 2021 2023-04-26 12:10:37Z ALAN DRIMMER 3750 CLEARY DR HOWELL MI 48843 19121152 0 X WWW.CLEARY.EDU X 1883 MI PROVIDE A BUSINESS EDUCATION THAT EQUIPS INDIVIDUALS TO DELIVER SUPERIOR SERVICE TO EMPLOYERS AND THEIR COMMUNITIES. 17 17 246 30 0 0 2887161 508238 13557622 17848396 220755 0 295823 461277 16961361 18817911 5787206 8288252 0 0 4582877 5911832 0 0 272258 6397691 5871774 16767774 20071858 193587 -1253947 24489886 22477133 13319615 12630295 11170271 9846838 TO PREPARE INDIVIDUALS TO CONTRIBUTE AND PREVAIL IN A CONSTANTLY CHANGING WORKFORCE. 0 0 16194782 8288252 18236432 INSTRUCTION AND ROOM & BOARD - THE TEACHING OF HIGHER EDUCATION COURSES TO STUDENTS AND ENABLING THEM TO SUSTAIN RESIDENCY ON CAMPUS IN ORDER TO ATTEND CLASSES, ACHIEVE A BACHELOR'S DEGREE AND ENJOY THE FULL COLLEGE EXPERIENCE. 16194782 1 1 0 0 0 0 0 1 0 1 1 0 0 1 0 1 1 0 1 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 26 0 1 246 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 17 17 0 0 0 0 0 0 0 1 1 0 1 1 1 1 1 1 1 1 1 1 0 X MEGAN TEMBY 5173383319 3750 CLEARY DR HOWELL MI 48843 EDIE REAVES CHAIR 2.00 X X 0 0 0 GLYNIS MCBAIN PAST CHAIR 2.00 X X 0 0 0 DON REIMONDO VICE CHAIR 2.00 X X 0 0 0 NICK QUIGLEY TREASURER 2.00 X X 0 0 0 ANNE MCKENNY SECRETARY, NOMINATING & GOVERN COMM. CHAIR 2.00 X X 0 0 0 PATRICK CLEARY II FAMILY SEAT 2.00 X X 0 0 0 ADAM GENEI MKTG COMMITTEE CHAIR THRU 1/5/22 2.00 X X 0 0 0 ANDREW HULBERT ACAD/STUDENT AFFRS THRU 3/21/2022 2.00 X X 0 0 0 DAVID BARFIELD TRUSTEE 2.00 X 0 0 0 KEVIN CLARK TRUSTEE 2.00 X 0 0 0 PATRICK CLEARY III TRUSTEE 2.00 X 0 0 0 CHRISTOPHER DAVIS TRUSTEE 2.00 X 0 0 0 ANU GOPALAKRISHNA TRUSTEE 2.00 X 0 0 0 SHAUN MERRY TRUSTEE 2.00 X 0 0 0 CATHY RIESTERER TRUSTEE 2.00 X 0 0 0 CHRISTIAN SCHAFER TRUSTEE 2.00 X 0 0 0 CHRIS SPENSLEY TRUSTEE 2.00 X 0 0 0 NICOLE WHITELY TRUSTEE 2.00 X 0 0 0 BRANDON WILSON TRUSTEE 2.00 X 0 0 0 TAMIKA MAYES TRUSTEE THRU 12/31/21 2.00 X 0 0 0 ALAN KRUSE TRUSTEE THRU 12/31/21 2.00 X 0 0 0 DR ALAN DRIMMER PRESIDENT & CEO 50.00 X 151664 0 5801 MATTHEW BENNETT SENIOR VP OF DEVELOPMENT 50.00 X 135582 0 17375 MACHELLE HOLANDA VP OF FINANCE 50.00 X 135154 0 19220 HEATHER BATEMAN VP STUDENT AFFAIRS 50.00 X 98176 0 16466 EMILY BARNES PROVOST 50.00 X 172692 0 19400 693268 0 78262 4 0 1 0 RESTAURANT & COMMERCIAL BUILDERS LLC 12400 MILFORD RD HOLLY MI 48442 CONTRACTOR 400329 YOUR PEOPLE 25121 SCOTIA RD HUNTINGTON WOODS MI 48070 3RD PARTY MARKETING/BRANDING 161356 2 158500 58017 291721 5500 508238 TUITION AND FEES 611600 15960943 15960943 STUDENT HOUSING 611600 1551486 1551486 OTHER PROGRAM SERVICES 611600 332367 332367 CORP CERT TRAINING PROGRAM 611600 3600 3600 17848396 93825 0 93825 93825 93825 51940 158500 72524 -20584 -20584 618753 230717 388036 388036 18817911 18236432 0 73241 8288252 8288252 1057518 193066 704428 160024 4130985 3835805 260189 34991 95407 74986 17048 3373 286507 225181 51196 10130 341415 270260 59342 11813 35117 35117 52790 52790 544215 253336 290879 44337 5614 34746 3977 164184 47308 116707 169 1472213 1472172 41 151008 139363 10420 1225 65376 15433 47492 2451 429435 429435 816947 816947 174432 72296 102136 OTHER 783171 390927 349095 43149 BOOKSTORE EXPENSES 372362 372362 BOOKS & PERIODICALS 325457 284400 40907 150 EQUIPMENT 265468 242295 22367 806 175262 11726 163536 20071858 16194782 3604818 272258 89290 29138 552435 9250 4106103 3300942 1110503 436085 94050 98740 229322 207035 22578605 7267654 15202749 15310951 675580 597592 2429854 2487400 24489886 22477133 2681379 2374867 1834761 535574 8803475 9719854 13319615 12630295 X 6932970 6391799 4237301 3455039 11170271 9846838 24489886 22477133 -1253947 -69486 0 X X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X 0 1871924 23585 -69486 3000 1823023 1769284 62086 168808 128254 1871924 1770689 10573 75790 87768 1769284 1681114 48161 58832 17418 1770689 1632437 99217 22952 73492 1681114 0.71550 0.28450 0 0 904842 904842 13345729 3299549 10046180 4852206 1457207 3394999 3093494 2465966 627528 382334 44932 337402 15310951 ARTWORK 1624863 ART HELD FOR RESALE 323900 CHARITABLE REMAINDER UNITRUST INTEREST 344943 CSV OF LIFE INSURANCE 193694 2487400 X 10792790 -69486 342397 272911 10519879 8298032 8298032 18817911 12116223 342397 342397 11773826 8298032 8298032 20071858 PART III, LINE 4: ARTHUR SECUNDA ARTWORK - THE UNIVERSITY ESTABLISHED THE ARTHUR SECUNDA MUSEUM AT THE LIVINGSTON COUNTY, HOWELL, MI CAMPUS. THE MUSEUM ENHANCES THE UNIVERSITY'S VISIBILITY, REPUTATION AND MISSION BY PROMOTING A CULTURE OF EDUCATION AND THE SOPHISTICATION STUDENTS EXPECT FROM AN INSTITUTION OF HIGHER LEARNING. THE ADDITION OF THE MUSEUM FACILITATES STUDY IN THE FIELD OF ARTS MANAGEMENT, EXAMINATION OF THE ARTIST AS ENTREPRENEUR, AND THE USE OF THE ART TO STIMULATE CREATIVITY AMONG THE BUSINESS STUDENTS. PART V, LINE 4: THE INTENDED USE OF THE TERM AND PERMANENT ENDOWMENT FUNDS IS TO FUND STUDENT SCHOLARSHIPS. PART X, LINE 2: THE UNIVERSITY ANALYZES ITS FILING POSITIONS IN THE FEDERAL AND STATE JURISDICTIONS WHERE IT IS REQUIRED TO FILE INCOME TAX RETURNS, AS WELL AS ALL OPEN TAX YEARS IN THESE JURISDICTIONS, TO IDENTIFY POTENTIAL UNCERTAIN TAX POSITIONS. THE UNIVERSITY REPORTS INTEREST AND PENALTIES ATTRIBUTABLE TO INCOME TAXES, TO THE EXTENT THEY ARISE, AS A COMPONENT OF ITS INSTITUTIONAL SUPPORT EXPENSE. THE UNIVERSITY HAS EVALUATED ITS INCOME TAX FILING POSITIONS FOR FISCAL YEARS 2019 THROUGH 2022, THE YEARS WHICH REMAIN SUBJECT TO EXAMINATION BY MAJOR TAX JURISDICTIONS AS OF JUNE 30, 2022. THE UNIVERSITY CONCLUDED THAT THERE ARE NO SIGNIFICANT UNCERTAIN TAX POSITIONS REQUIRING RECOGNITION IN THE UNIVERSITY'S FINANCIAL STATEMENTS. THE UNIVERSITY DOES NOT EXPECT THE TOTAL AMOUNT OF UNRECOGNIZED TAX BENEFITS ("UTB") (E.G., TAX DEDUCTIONS, EXCLUSIONS, OR CREDITS CLAIMED OR EXPECTED TO BE CLAIMED) TO SIGNIFICANTLY CHANGE IN THE NEXT TWELVE MONTHS. THE UNIVERSITY DOES NOT HAVE ANY AMOUNTS ACCRUED FOR INTEREST AND PENALTIES RELATED TO UTB'S AT JUNE 30, 2022 OR 2021, AND ARE NOT AWARE OF ANY CLAIMS FOR SUCH AMOUNTS BY FEDERAL OR STATE INCOME TAX AUTHORITIES. PART XI, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 230,717. EVENT EXPENSES 72,524. EMPLOYEE RETENTION CREDIT 39,156. PART XI, LINE 4B - OTHER ADJUSTMENTS: GRANTS & SCHOLARSHIPS 8,298,032. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 230,717. EVENT EXPENSES 72,524. EMPLOYEE RETENTION CREDIT 39,156. PART XII, LINE 4B - OTHER ADJUSTMENTS: GRANTS & SCHOLARSHIPS 8,298,032. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 THE POLICY IS AVAILABLE ON THE SCHOOL'S WEBSITE. SCHEDULE E, PART I, LINE 6 CLEARY UNIVERSITY PARTICIPATES IN STUDENT AID PROGRAMS SUPPORTED BY THE DEPARTMENT OF EDUCATION. V2BF 177411 158500 18911 5539 14529 28541 2682 GOLF OUTING 33029 33029 21233 210440 158500 51940 5539 14529 28541 23915 72524 -20584 1 VA MILITARY GRANT 10 31810 CLEARY INSTITUTIONAL GRANT 10 19482 NEXT STEP GRANT 33 60361 ATHLETIC SCHOLARSHIP 475 2576424 ATHLETIC HOUSING SCHOLARSHIP 150 595910 ADMISSIONS TRANSFER SCHOLARSHIP 24 35834 CLEARY BUSINESS PARTNER SCHOLARSHIP 20 18073 RESIDENT ASSISTANT SCHOLARSHIP 11 51250 OPPORTUNITY REFERRAL GRANT 125 329998 EMPLOYEE GRANTS 36 155158 GRADUATE ASSISTANT GRANT 14 46341 ENTREPRENEUR SCHOLARSHIP 122 539047 LAKETRUST SCHOLARSHIP 23 205255 CEO SCHOLARSHIP 162 415336 COURAGE & SERVICE SCHOLARSHIP 568 2272979 ADMISSIONS HONORS SCHOLARSHIPS 7 102063 CORP SCHOLARSHIP 148 762424 GRADUATE MERIT SCHOLARSHIP 5 1150 ENDOWED SCHOLARSHIPS 2 3000 COMMUNITY COLLEGE & ALUMNI DISCOUNT 23 63857 PHI THETA KAPPA TRANSFER SCHOLARSHIP 3 2500 PART I, LINE 2: THE GRANTS AND SCHOLARSHIPS AWARDED BY CLEARY UNIVERSITY ARE USED TO PAY TUITION AND FEE CHARGES ON STUDENT ACCOUNTS. THE UNIVERSITY IS ABLE TO MONITOR WHETHER RECIPIENTS REMAIN STUDENTS AT THE UNIVERSITY THROUGH THE REGISTRAR'S OFFICE, AND CLASS ATTENDANCE TAKEN BY PROFESSORS. 1 X X X 0 0 0 0 0 0 0 0 0 EMILY BARNES PROVOST 172692 0 0 0 0 0 8634 0 10766 0 192092 0 0 0 DR ALAN DRIMMER PRESIDENT & CEO 151664 0 0 0 0 0 0 0 5801 0 157465 0 0 0 MACHELLE HOLANDA VP OF FINANCE 125154 0 10000 0 0 0 6250 0 12970 0 154374 0 0 0 MATTHEW BENNETT SENIOR VP OF DEVELOPMENT 135582 0 0 0 0 0 6760 0 10615 0 152957 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED BY THE FINANCE COMMITTEE PRIOR TO BEING FILED AND IS RECOMMENDED BY THEM TO THE BOARD OF TRUSTEES FOR APPROVAL TO FILE. FORM 990, PART VI, SECTION B, LINE 12C ALL BOARD MEMBERS AND EMPLOYEES ARE ASKED ABOUT ANY CONFLICT OF INTEREST BASED ON THE CONFLICT OF INTEREST POLICY. IF A CONFLICT EXISTS, THE ASSOCIATION WITH THE CONFLICTING INTEREST IS DISCONTINUED OR THE BOARD MEMBER OR EMPLOYEE IS NOT SELECTED TO SERVE. FORM 990, PART VI, SECTION B, LINE 15 WE ESTABLISH A BENCHMARK FOR EVERY EMPLOYEE POSITION BASED ON ONE OF THE FOLLOWING: CUPA - HR - COLLEGE & UNIVERSITY PROFESSIONAL ASSOCIATION - HUMAN RESOURCES SALARY SURVEY RESULTS OR GAASHRM - GREATER ANN ARBOR SOCIETY FOR HUMAN RESOURCE MANAGEMENT SALARY SURVEY RESULTS. EVERY EMPLOYEE POSITION IS COMPARED TO A SIMILAR POSITION IN ONE OF THESE SURVEYS (CUPA IS USED IF A POSITION MATCH EXISTS) THE AVERAGE SALARY FOR LIKE INSTITUTIONS OR SIMILAR SIZED NON-PROFITS IS USED AS OUR BENCHMARK WITH A MARGIN OF 15% ON EITHER SIDE OF THE AVERAGE TO ESTABLISH OUR SALARY "RANGE" FOR THE POSITION. ACTUAL SALARY FOR AN EMPLOYEE IS BASED ON EXPERIENCE AND EMPLOYMENT DURATION THAT MOVES ONE'S SALARY UP WITHIN THE SALARY RANGE. FORM 990, PART VI, SECTION C, LINE 19 ALL GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XII, LINE 2C THE PROCESS HAS NOT CHANGED FROM PRIOR YEAR