2023-04-17T10:55:37-05:00 2022-05-31 410746749 CLIFTONLARSONALLEN LLP TWO INTERNATIONAL PLACE 22ND FLOOR BOSTON MA 02110 990 2021-06-01 231352654 LA SALLE UNIVERSITY LASA 2159511000 1900 WEST OLNEY AVENUE PHILADELPHIA PA 19141 DANIEL J ALLEN PRESIDENT 2159511000 2023-04-14 1 DANIEL ALLEN XXX-XX-XXXX LAURA J KENNEY P00202198 6177170831 2023-04-14 3 AAL1 IAL1 2021 2023-04-26 12:10:37Z DANIEL J ALLEN 1900 WEST OLNEY AVENUE PHILADELPHIA PA 19141 163530124 0 X WWW.LASALLE.EDU X 1863 PA PROVIDES A HIGHER EDUCATION IN GENERAL AND SPECIALIZED STUDIES 41 39 1478 39 104459 61628 18637736 19522754 117168989 107107470 5546081 11142723 2214364 2842192 143567170 140615139 42889450 42906100 0 0 58926298 58513332 0 0 1437250 38308373 41330444 140124121 142749876 3443049 -2134737 288689246 272515762 160291982 159699805 128397264 112815957 X SEE SCHEDULE O FOR COMPLETE MISSION STATEMENT.LA SALLE IS A LASALLIAN CATHOLIC UNIVERSITY COMMITTED TO THE PRINCIPLE THAT ALL KNOWLEDGE IS PRACTICAL AND EMPOWERING, FILLED WITH THE CAPACITY TO TRANSFORM LIVES. ANCHORED IN THE LIVING TRADITION OF THE BROTHERS OF THE CHRISTIAN SCHOOLS AND IN ASSOCIATION WITH A DIVERSE AND INCLUSIVE LEARNING COMMUNITY, OUR MISSION IS TO EDUCATE THE WHOLE PERSON BY FOSTERING A RIGOROUS FREE SEARCH FOR TRUTH. LA SALLE, IN AFFIRMING THE VALUE OF BOTH LIBERAL ARTS AND PROFESSIONAL STUDIES, PREPARES STUDENTS FOR THE LIFELONG PURSUIT AND EXPLORATION OF WISDOM, KNOWLEDGE, AND FAITH THAT LEAD TO ENGAGED AND FULFILLING LIVES MARKED BY A COMMITMENT TO THE COMMON GOOD. 0 0 90556811 42906100 97641644 INSTRUCTION - THE UNIVERSITY PROVIDED EDUCATION TO 4,043 AND 3,841 ENROLLED STUDENTS IN UNDERGRADUATE, GRADUATE AND DOCTORAL PROGRAMS IN THE FALL AND SPRING SEMESTERS RESPECTIVELY. 21007578 0 1959506 STUDENT AND COMMUNITY SERVICES - THE UNIVERSITY PROVIDED COUNSELING, INTERCOLLEGIATE ACTIVITIES, HEALTH-ADVISING, STUDENT GOVERNING AND OTHER STUDENT LIFE SERVICES FOR ALL STUDENTS. THE UNIVERSITY PROVIDES SERVICES TO THE GREATER PHILADELPHIA COMMUNITY THROUGH OUR NON-PROFIT DEVELOPMENT CENTER. 9055695 0 7506320 AUXILIARY ENTERPRISES - THE UNIVERSITY PROVIDED HOUSING, BOOKSTORE AND DINING SERVICES. THE UNIVERSITY PROVIDED ROOMS TO 983 STUDENTS AND MEALS TO 1,036 STUDENTS PER SEMESTER. 120620084 1 1 0 0 0 0 0 1 0 1 1 0 0 0 1 1 1 0 1 0 1 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 1 5309 0 1 1478 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 41 39 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 PA X DANIEL J ALLEN 2159913748 1900 WEST OLNEY AVENUE PHILADELPHIA PA 19141 COLLEEN HANYCZ PHD PRESIDENT TO JUN 2021 40.00 0.00 X X 622545 0 35777 ASHLEY HOWARD HD COACH MENS BASKETBALL TO MAR 22 40.00 0.00 X 487226 0 42502 TIMOTHY O'SHAUGHNESSY INTERIM PRES JUL 2021 TO APR 2022 40.00 0.00 X X 416584 0 22964 STEPHANIE PRICKEN VP FIN & ADMIN,TREASURER TO JAN 2022 40.00 0.00 X 403206 0 33529 ANGELA POLEC EDD VP OF ENROLLMENT MGT MARKETING & COM 40.00 0.00 X 233942 0 36070 BRIAN BAPTISTE ATHLETIC DIRECTOR 40.00 0.00 X 225337 0 34001 SEAN L CORGAN ESQ VP GENERAL COUNSEL, SECRETARY 40.00 0.00 X 219972 0 28064 YUSUF UGRAS PROFESSOR 40.00 0.00 X 211613 0 33137 MADJID TAVANA PROFESSOR 40.00 0.00 X 218273 0 24806 DANIEL JOYCE VP, UNIVERSITY ADVANCEMENT 40.00 0.00 X 194419 0 33583 MOUNTAIN MACGILLIVRAY HEAD COACH WOMEN'S BASKETBALL 40.00 0.00 X 193055 0 33221 KRISTIN HEASLEY VICE PRESIDENT HUMAN RESOURCES 40.00 0.00 X 192831 0 21446 EDWARD J SHEEHY FSC PHD VICE PRESIDENT 40.00 0.00 X X 45443 0 8353 DANIEL J ALLEN PHD PRESIDENT AS OF APRIL 2022 40.00 0.00 X X 0 0 0 WILLIAM W MATTHEWS III ESQ CHAIR OF THE BOARD 1.00 0.00 X X 0 0 0 MARGARET A KANE VICE CHAIR OF THE BOARD 1.00 0.00 X X 0 0 0 AMYLYNN FLOOD CPA VICE CHAIR OF THE BOARD 1.00 0.00 X X 0 0 0 LAWRENCE BERRAN INDIVIDUAL TRUSTEE 1.00 0.00 X 0 0 0 KENNETH BREWER INDIVIDUAL TRUSTEE 1.00 0.00 X 0 0 0 REGINALD M BROWNE INDIVIDUAL TRUSTEE 1.00 0.00 X 0 0 0 JAMES L BUTLER FSC INDIVIDUAL TRUSTEE 1.00 0.00 X 0 0 0 ROBERT T COTTONE INDIVIDUAL TRUSTEE 1.00 0.00 X 0 0 0 JACK CURRAN FSC PHD INDIVIDUAL TRUSTEE 1.00 0.00 X 0 0 0 STEPHEN K DEGNAN INDIVIDUAL TRUSTEE 1.00 0.00 X 0 0 0 PETER DIBATTISTE MD INDIVIDUAL TRUSTEE 1.00 0.00 X 0 0 0 JOHN K DUGAN CPA INDIVIDUAL TRUSTEE 1.00 0.00 X 0 0 0 JAMES T DURKIN INDIVIDUAL TRUSTEE 1.00 0.00 X 0 0 0 PHILIP WJ FISHER INDIVIDUAL TRUSTEE 1.00 0.00 X 0 0 0 BROTHER TIMOTHY FROEHLICH FSC INDIVIDUAL TRUSTEE 1.00 0.00 X 0 0 0 BROTHER THOMAS GERROW FSC INDIVIDUAL TRUSTEE 1.00 0.00 X 0 0 0 JOHN S GRADY INDIVIDUAL TRUSTEE 1.00 0.00 X 0 0 0 ROBERT F GRAHAM INDIVIDUAL TRUSTEE 1.00 0.00 X 0 0 0 MICHAEL HALLOWELL INDIVIDUAL TRUSTEE 1.00 0.00 X 0 0 0 ELMER F HANSEN III INDIVIDUAL TRUSTEE 1.00 0.00 X 0 0 0 JOHN KANE FSC EDD INDIVIDUAL TRUSTEE 1.00 0.00 X 0 0 0 MARK A LAFOND INDIVIDUAL TRUSTEE 1.00 0.00 X 0 0 0 DENNIS LEE FSC INDIVIDUAL TRUSTEE 1.00 0.00 X 0 0 0 THOMAS A LEONARD INDIVIDUAL TRUSTEE 1.00 0.00 X 0 0 0 ROBERT W LIPTAK INDIVIDUAL TRUSTEE 1.00 0.00 X 0 0 0 JOANN M MAGNATTA INDIVIDUAL TRUSTEE 1.00 0.00 X 0 0 0 BROTHER WILLIAM MANN FSC INDIVIDUAL TRUSTEE 1.00 0.00 X 0 0 0 DONNA MASSANOVA INDIVIDUAL TRUSTEE 1.00 0.00 X 0 0 0 LA VONNE NEAL PHD INDIVIDUAL TRUSTEE 1.00 0.00 X 0 0 0 KEVIN F O'DONNELL INDIVIDUAL TRUSTEE 1.00 0.00 X 0 0 0 BROTHER MICHAEL W OHERN FSC INDIVIDUAL TRUSTEE 1.00 0.00 X 0 0 0 ELAINE PANG INDIVIDUAL TRUSTEE 1.00 0.00 X 0 0 0 ELLEN REILLY INDIVIDUAL TRUSTEE 1.00 0.00 X 0 0 0 DANIEL S ROBINS PHD INDIVIDUAL TRUSTEE 1.00 0.00 X 0 0 0 WILLIAM R SASSO ESQ INDIVIDUAL TRUSTEE 1.00 0.00 X 0 0 0 BROTHER ROBERT SCHAEFER FSC INDIVIDUAL TRUSTEE 1.00 0.00 X 0 0 0 JUDITH SPIRES INDIVIDUAL TRUSTEE 1.00 0.00 X 0 0 0 EILEEN THANNER INDIVIDUAL TRUSTEE 1.00 0.00 X 0 0 0 JOSEPH TRUITT INDIVIDUAL TRUSTEE 1.00 0.00 X 0 0 0 3664446 0 387453 86 0 1 0 ACADEMIC PARTNERSHIPS LLC PO BOX 133147 DALLAS TX 75313 ONLINE MARKETING SERVICES 2727706 SOUTHEAST SERVICE CORPORATION PO BOX 417632 BOSTON MA 02241 JANITORIAL SERVICES 1425259 SECURITAS SECURITY SERVICES USA INC 9 CAMPUS DRIVE PARSIPPANY NJ 07054 SECURITY SERVICES 1181992 PHILADELPHIA PROTECTION BUREAU INC 197 PHILLIPS ROAD EXTON PA 19341 LOCK AND SECURITY SYSTEMS 1043376 AB&C PHILADELPHIA LLC PO BOX 672 WILMINGTON DE 19899 ONLINE MARKETING SERVICES 854927 38 416624 13511553 5594577 249335 19522754 TUITION AND FEES 611310 97641644 97641644 RESIDENCE HALLS 611310 7472574 7472574 ACADEMIC RELATED REVENUE 611310 1959506 1959506 CAMPUS STORE 611310 33746 33746 107107470 7387625 4366 7383259 33918 33918 1187309 735920 451389 451389 44578 406811 20979809 4784514 20523652 1485573 456157 3298941 3755098 3755098 148669 416624 169840 -21171 -21171 ADMINISTRATIVE AND OTHER REVENUE 900099 2378056 55515 2322541 2378056 140615139 107107470 104459 13880456 42906100 42906100 2590443 270012 2206429 114002 46213917 39802222 5563386 848309 489792 410358 71289 8145 5831088 4845881 885168 100039 3388092 2739495 583902 64695 106148 14685 91463 91665 91665 305236 305236 4633104 1760119 2849517 23468 1631064 562598 1068466 2234623 1857266 229685 147672 2633485 2366519 188737 78229 1439992 1334570 105422 1489706 1336523 142580 10603 682134 470580 182101 29453 5507719 5008592 499127 7614539 6945446 669093 1900669 202656 1698013 REPAIRS AND MAINTENANCE 2676854 2676854 BOOKS AND SUBSCRIPTIONS 703569 696389 7180 EQUIPMENT RENTAL 595128 524936 57557 12635 BAD DEBT EXPENSE 263975 263975 6820834 3888283 2932551 142749876 120620084 20692542 1437250 11655 7038 20679765 20148847 3191878 2164548 5186593 5852397 2695918 1858876 45907 67337 2083340 2245304 313538156 170461340 146090693 143076816 100602824 89031105 2465002 2442925 5635671 5620569 288689246 272515762 9077997 12604430 7484505 8638056 128653930 125232038 15075550 13225281 160291982 159699805 X 63406167 52345806 64991097 60470151 128397264 112815957 288689246 272515762 -2134737 -13446570 0 X 0 1 X 1 1 1 X 11645875 7526733 13589856 18637736 19522754 70922954 11645875 7526733 13589856 18637736 19522754 70922954 70922954 3644521 3814250 6774465 3926959 8559908 26720103 56685 43198 56028 104459 260370 2682015 3166546 3178522 1487129 2322541 12836753 110740180 634478581 0.64040 0.63880 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: ADMINISTRATIVE OTHER REVENUE - 2017 AMOUNT: $ 2,682,015. 2018 AMOUNT: $ 3,166,546. 2019 AMOUNT: $ 3,178,522. 2020 AMOUNT: $ 1,487,129. 2021 AMOUNT: $ 2,322,541. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 4103 4209843 X X 0 95640008 654110 -5833616 1044756 6049098 83366648 80002231 813222 15818915 658006 336354 95640008 80311293 1260569 5533488 714474 6388645 80002231 85073509 911232 1520385 837711 6356122 80311293 85131784 1423512 5267733 1070193 5679327 85073509 0.38256 0.61744 0.00000 0 0 17037653 17037653 243382403 134376233 109006170 15480340 12367672 3112668 32790134 19324987 13465147 4847626 4392448 455178 143076816 OTHER LIABILITIES 9737944 ADV FROM FED GOV FOR STUDENT LOANS 3487337 13225281 X 91001005 -13446570 36112 -13410458 104411463 305236 35898440 36203676 140615139 106582312 36112 905760 941872 105640440 305236 36804200 37109436 142749876 PART III, LINE 4: THE LA SALLE UNIVERSITY ART MUSEUM PROVIDES AN EDUCATIONAL RESOURCE FOR LA SALLE STUDENTS, ESPECIALLY THOSE MAJORING IN ART HISTORY, AS WELL AS FOR THE COMMUNITIES IN THE SURROUNDING AREAS. THE MISSION OF THE MUSEUM IS TO FURTHER THE UNIVERSITY'S LASALLIAN EDUCATIONAL OBJECTIVES BY HELPING STUDENTS, OTHER MEMBERS OF THE UNIVERSITY COMMUNITY, AND THE GENERAL PUBLIC TO EXPERIENCE ART IN AN INTIMATE SETTING AND TO PLACE THEM IN MEANINGFUL CONTEXTS. PART V, LINE 4: THE UNIVERSITY'S ENDOWMENT CONSISTS OF APPROXIMATELY 150 INDIVIDUAL FUNDS ESTABLISHED FOR A VARIETY OF PURPOSES. THE UNIVERSITY HAS A POLICY OF APPROPRIATING FOR DISTRIBUTION EACH YEAR UP TO 5% OF ITS FUNDS BASED ON A TRAILING 12 QUARTER AVERAGE ENDOWMENT MARKET VALUE. THE UNIVERSITY, OVER THE LONG TERM, EXPECTS THE CURRENT SPENDING POLICY TO ALLOW ITS ENDOWMENT TO CONTINUE TO GROW. THIS IS CONSISTENT WITH THE UNIVERSITY'S OBJECTIVE TO MAINTAIN THE PURCHASING POWER OF ITS ENDOWMENT ASSETS HELD IN PERPETUITY OR FOR A SPECIFIED TERM AS WELL AS TO PROVIDE ADDITIONAL REAL GROWTH THROUGH NEW GIFTS AND INVESTMENT RETURN. PART X, LINE 2: THE UNIVERSITY HAS BEEN GRANTED TAX-EXEMPT STATUS AS A NONPROFIT ORGANIZATION UNDER SECTION 501(C)(3) OF THE IRC. ACCORDINGLY, NO PROVISION FOR INCOME TAXES HAS BEEN MADE IN THE ACCOMPANYING FINANCIAL STATEMENTS. ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRES MANAGEMENT TO EVALUATE THE TAX POSITIONS TAKEN BY THE UNIVERSITY AND RECOGNIZE A TAX LIABILITY IF THE UNIVERSITY HAS TAKEN AN UNCERTAIN TAX POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY THE RELEVANT TAXING AUTHORITY. MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY THE UNIVERSITY, AND HAS CONCLUDED THAT AS OF MAY 31, 2022 AND 2021, THERE ARE NO UNCERTAIN TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY OR ASSET OR DISCLOSURE IN THE FINANCIAL STATEMENTS. THE UNIVERSITY IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS. PART XI, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 36,804,200. DIRECT RENTAL EXPENSES -735,920. DIRECT FUNDRAISING EVENT EXPENSES -169,840. PART XII, LINE 2D - OTHER ADJUSTMENTS: DIRECT RENTAL EXPENSES 735,920. DIRECT FUNDRAISING EVENT EXPENSES 169,840. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 36,804,200. 1 1 0 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 LA SALLE UNIVERSITY PUBLISHES, ON THE HOME LANDING PAGE, A LINK TO THE TITLE IX PAGE WHICH CONTAINS THE UNIVERSITY'S NONDISCRIMINATORY POLICY. SCHEDULE E, PART I, LINE 6 LA SALLE UNIVERSITY RECEIVES FINANCIAL AID/ASSISTANCE FROM VARIOUS FEDERAL (U.S. DEPARTMENT OF EDUCATION) AND STATE (COMMONWEALTH OF PENNSYLVANIA) GOVERNMENTAL AGENCIES INCLUDING: COLLEGE WORK STUDY PROGRAMS AND THE PELL GRANT PROGRAM. THE FEDERAL PERKINS LOAN PROGRAM EXPIRED ON SEPTEMBER 30, 2017, THE UNIVERSITY CONTINUES TO SERVICE THE OUTSTANDING LOANS AND REMIT THE FEDERAL SHARE TO THE DEPARTMENT OF EDUCATION. CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENTS N/A 74992 0 0 0 0 0 0 74992 0 74992 0 0 1 1 0 0 PART I, LINE 3: ACCRUAL PART III ACCOUNTING METHOD: PART IV, LINE 3: AS PART OF THE UNIVERSITY'S INVESTMENT PORTFOLIO THERE MAY BE DIRECT OR INDIRECT OWNERSHIP INTERESTS IN FOREIGN CORPORATIONS, PASSIVE FOREIGN INVESTMENT COMPANIES (PFIC), AND FOREIGN PARTNERSHIPS. THE UNIVERSITY'S INTERESTS DO NOT INCLUDE ACTIVITY OR AN OWNERSHIP INTEREST THAT REQUIRES THE FILING OF FORM 926, FORM 5471, FORM 8621, OR FORM 8865 IN THIS FISCAL YEAR. PRESIDENT'S CUP GOLF OUTING 195729 116050 79679 18412 21585 26403 RAFTERY GOLF OUTING 103472 79142 24330 21961 5592 1764 2 266092 221432 44660 10198 60819 3106 565293 416624 148669 50571 87996 31273 169840 -21171 1 MERIT SCHOLARSHIPS & NEED-BASED 2552 36804200 0 CARES ACT STUDENT EMERGENCY GRANT 4055 6101900 0 PART I, LINE 2: SCHOLARSHIPS AND GRANTS FOR STUDENTS ARE APPLIED DIRECTLY TO A STUDENT'S UNIVERSITY ACCOUNT AND APPLIED TO TUITION, FEES, ROOM AND BOARD. ALL FINANCIAL AID IS SUBJECT TO REVISION BASED ON AVAILABILITY, CHANGES IN FAMILY CONTRIBUTION, HOUSING STATUS, AND/OR CREDIT LOAD. SATISFACTORY ACADEMIC PROGRESS MUST BE MAINTAINED ACCORDING TO STANDARDS PRESCRIBED BY THE UNIVERSITY. ANNUAL RENEWAL OF FINANCIAL AID IS CONTINUOUS IF INSTITUTIONAL FINANCIAL NEED REMAINS, ALL REQUIRED DOCUMENTS ARE COMPLETED BY THE PUBLISHED DEADLINE AND SATISFACTORY ACADEMIC PROGRESS IS MAINTAINED CONSISTENT WITH THE UNIVERSITY'S POLICY. X 1 1 X X X X X 0 0 0 0 0 0 0 1 0 COLLEEN HANYCZ PHD PRESIDENT TO JUN 2021 612989 0 0 0 9556 0 2924 0 32853 0 658322 0 0 0 ASHLEY HOWARD HD COACH MENS BASKETBALL TO MAR 22 475272 0 0 0 11954 0 4833 0 37669 0 529728 0 0 0 TIMOTHY O'SHAUGHNESSY INTERIM PRES JUL 2021 TO APR 2022 416584 0 0 0 0 0 0 0 22964 0 439548 0 0 0 STEPHANIE PRICKEN VP FIN & ADMIN,TREASURER TO JAN 2022 351609 0 51000 0 597 0 4833 0 28696 0 436735 0 0 0 ANGELA POLEC EDD VP OF ENROLLMENT MGT MARKETING & COM 232942 0 1000 0 0 0 4128 0 31942 0 270012 0 0 0 BRIAN BAPTISTE ATHLETIC DIRECTOR 222737 0 2000 0 600 0 2667 0 31334 0 259338 0 0 0 SEAN L CORGAN ESQ VP GENERAL COUNSEL, SECRETARY 219972 0 0 0 0 0 3907 0 24157 0 248036 0 0 0 YUSUF UGRAS PROFESSOR 211613 0 0 0 0 0 3252 0 29885 0 244750 0 0 0 MADJID TAVANA PROFESSOR 212523 0 5750 0 0 0 2089 0 22717 0 243079 0 0 0 DANIEL JOYCE VP, UNIVERSITY ADVANCEMENT 193822 0 0 0 597 0 3285 0 30298 0 228002 0 0 0 MOUNTAIN MACGILLIVRAY HEAD COACH WOMEN'S BASKETBALL 185584 0 0 0 7471 0 3168 0 30053 0 226276 0 0 0 KRISTIN HEASLEY VICE PRESIDENT HUMAN RESOURCES 181406 0 11000 0 425 0 3208 0 18238 0 214277 0 0 0 PART I, LINE 1A COLLEEN M. HANYCZ, PH.D., PRESIDENT - HOUSING ALLOWANCE OR RESIDENCE FOR PERSONAL USE - THE LODGING IS A CONDITION OF EMPLOYMENT FURNISHED FOR THE CONVENIENCE OF THE UNIVERSITY. THE UNIVERSITY'S PRESIDENT PERFORMS A SIGNIFICANT PORTION OF HER DUTIES AS UNIVERSITY PRESIDENT AT THE RESIDENCE. LODGING IS INCLUDED IN THE PRESIDENT'S EMPLOYMENT CONTRACT. FOR CALENDAR YEAR 2021, THE HOUSING ALLOWANCE AMOUNT WAS $6,800. THIS AMOUNT IS INCLUDED IN SCHEDULE J, PART II, COLUMN (D). PART I, LINE 7 MADJID TAVANA'S REPORTED BONUS OF $5,750 IS FROM THE LINDBACK CHAIR AWARD, WHICH IS PRESENTED TO A NOMINATED FACULTY MEMBER WHOSE TEACHING IS CHARACTERIZED BY SUPERIOR KNOWLEDGE OF THE SUBJECT MATTER, VITALITY AND INSPIRATION IN ITS PRESENTATION IN CLASS, AND DEVOTION TO HELPING STUDENTS REALIZE THEIR POTENTIAL. ALL OTHER BONUSES WERE BASED ON EMPLOYEE RETENTION AGREEMENTS. A PENNSYLVANIA HIGHER EDUCATIONAL FACILITIES AUTHORITY 232243852 00070917R 2012-09-12 94975000 CONSTRUCTION/REFUND PRIOR ISSUE 0 0 0 B PHILADELPHIA AUTHORITY FOR INDUSTRIAL DEVELOPMENT 232237287 00071781X 2017-11-29 40050000 CONSTRUCTION/REFUND PRIOR ISSUE 0 0 0 A 14055000 8020431 102024659 1320189 22859478 77844992 2017 1 1 1 1 B 1920000 43878079 564030 5508905 37805144 2019 1 1 1 1 A 0 1 0 0 0.02430 0.05870 0.08300 0 1 0.06280 0 1 B 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 A 0 0 0 1 0 0 0 0 1 B 0 1 0 0 0 0 0 0 1 A 1 B 1 DATE REBATE COMPUTATION PERFORMED ISSUER NAME: PENNSYLVANIA HIGHER EDUCATIONAL FACILITIES AUTHORITY DATE THE REBATE COMPUTATION WAS PERFORMED: 11/12/2015 SCHEDULE K, PART I, LINE 3: (A) ISSUER NAME: PENNSYLVANIA HIGHER EDUCATIONAL FACILITIES AUTHORITY THE DIFFERENCE BETWEEN THE ISSUE PRICE AND THE PROCEEDS OF THE ISSUE IS $7,049,659 OF BOND PREMIUM. (B) ISSUER NAME: PHILADELPHIA AUTHORITY FOR INDUSTRIAL DEVELOPMENT THE DIFFERENCE BETWEEN THE ISSUE PRICE AND THE PROCEEDS OF THE ISSUE IS $3,828,079 OF BOND PREMIUM. SCHEDULE K, PART II, LINES 14 & 15: (A) ISSUER NAME: PENNSYLVANIA HIGHER EDUCATIONAL FACILITIES AUTHORITY THE REFUNDED BONDS WERE ISSUED: SERIES 2003 BONDS ISSUED 10/1/2003; SERIES 2007B BONDS ISSUED 10/1/2007. (B) ISSUER NAME: PHILADELPHIA AUTHORITY FOR INDUSTRIAL DEVELOPMENT THE REFUNDED BONDS WERE ISSUED: SERIES 2007A BONDS ISSUED 10/1/2007; SERIES 2012 BONDS ISSUED 9/12/2012. X 1 4103 FMV X 14 245232 FMV 0 0 1 0 PART I, COLUMN (B): FOR LINE 1 THE NUMBER OF ITEMS CONTRIBUTED IS REPORTED. FOR LINE 9, THE NUMBER OF CONTRIBUTORS IS REPORTED. FORM 990, PART VI, SECTION A, LINE 1A THE EXECUTIVE COMMITTEE IS COMPRISED OF THE CHAIR AND VICE-CHAIRS OF THE BOARD, THE PRESIDENT, THE BROTHER VISITOR OF DENA, AND THE CHAIRS OF ALL THE RESPECTIVE STANDING COMMITTEES, ALL OF WHOM ARE MEMBERS OF THE GOVERNING BODY. THE EXECUTIVE COMMITTEE SHALL HAVE AND MAY EXERCISE, WHEN THE BOARD IS NOT IN SESSION, ALL OF THE POWERS OF THE BOARD, EXCEPT FOR POWERS SPECIFICALLY RESERVED FOR THE BOARD. THE BYLAWS STATE THAT THE FOLLOWING POWERS SHALL BE EXERCISED ONLY BY THE BOARD, AND MAY NOT BE DELEGATED TO ANY COMMITTEE: (I) AMENDMENT OF THE ARTICLES OF INCORPORATION OR BY-LAWS OF THE UNIVERSITY; (II) THE PURCHASE, SALE, MORTGAGE, LEASE OR OTHER DISPOSAL OF THE UNIVERSITY'S REAL PROPERTY, PROVIDED THAT SUCH ACTION IS AUTHORIZED BY THE VOTE OF A MAJORITY OF THE TRUSTEES THEN IN OFFICE; (III) THE INCURRENCE OF ANY INDEBTEDNESS OR EXPENDITURE IN EXCESS OF FIVE HUNDRED THOUSAND DOLLARS ($500,000.00), EXCEPT AS OTHERWISE PERMITTED BY THE BYLAWS, PROVIDED THAT SUCH ACTION IS AUTHORIZED BY A VOTE OF A MAJORITY OF TRUSTEES ATTENDING A DULY CONVENED MEETING; (IV) THE AUTHORIZATION, ADOPTION, AND APPROVAL OF THE ANNUAL BUDGET OF THE UNIVERSITY; (V) APPROVAL OF THE UNIVERSITY'S MISSION STATEMENT AND ANY AMENDMENT THERETO; (VI) APPROVAL OF THE UNIVERSITY'S STRATEGIC PLAN AND ANY AMENDMENT THERETO; AND (VII) THE APPOINTMENT OF MEMBERS OF THE FACULTY TO THE RANK OF PROFESSOR AND THE ADMISSION OF MEMBERS OF THE FACULTY TO TENURE. FORM 990, PART VI, SECTION B, LINE 11B THE 990 IS PREPARED BY AN INDEPENDENT ACCOUNTING FIRM, REVIEWED BY MANAGEMENT, AND PROVIDED TO THE UNIVERSITY'S BOARD OF TRUSTEES PRIOR TO FILING WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C THE UNIVERSITY CONSISTENTLY MONITORS AND ENFORCES COMPLIANCE WITH ITS WRITTEN CONFLICT OF INTEREST POLICY. THE UNIVERSITY REQUIRES THAT ALL BOARD MEMBERS ANNUALLY SIGN A CONFLICT-OF-INTEREST STATEMENT. THIS STATEMENT PLACES THE RESPONSIBILITY OF EXPECTATION ON EACH MEMBER TO REFRAIN FROM ACTIONS USED AS A MEANS FOR HIS/HER PRIVATE BENEFIT OR INUREMENT. REGARDING THE UNIVERSITY'S STAFF AND EMPLOYEES, THERE IS ON-GOING TRAINING CONDUCTED BY VARIOUS DEPARTMENTS. THE INTENT OF THIS TRAINING IS TO HAVE EMPLOYEES UNDERSTAND AND EMBRACE THE "LA SALLIAN" VIRTUES AND CODES OF CONDUCT FOR ALL EMPLOYEES. THE CONFLICT OF INTEREST POLICY APPLIES TO MEMBERS OF THE BOARD OF TRUSTEES, OFFICERS, KEY EMPLOYEES, AND STAFF OF THE UNIVERSITY. IT IS ALSO INTENDED TO SERVE AS A GUIDE FOR ALL EMPLOYEES OF THE UNIVERSITY. DISCLOSURES BY BOARD MEMBERS ARE DIRECTED TO THE PRESIDENT OR TO THE BOARD. IF THE PRESIDENT OR THE BOARD DETERMINES THAT A CONFLICT EXISTS, THE PARTY WITH THE CONFLICT WILL NOT VOTE ON OR PARTICIPATE ON BEHALF OF THE UNIVERSITY IN THE ADMINISTRATION OF TRANSACTIONS WHERE THE CONFLICT EXISTS. ALL OTHER EMPLOYEES ARE TO DISCLOSE ANY CONFLICTS OR POTENTIAL CONFLICTS TO THE VICE PRESIDENT OF THEIR RESPECTIVE DIVISION. ANY SUCH DISCLOSURE SHOULD THEN BE FORWARDED TO HUMAN RESOURCES FOR INCLUSION IN THE EMPLOYEE'S PERSONNEL FILE. ANY PERSON UNSURE OF A CONFLICT MAY REQUEST AN OFFICER TO WEIGH IN ON THE MATTER TO ASCERTAIN WHETHER OR NOT A CONFLICT EXISTS. FORM 990, PART VI, SECTION B, LINE 15 THERE IS A COMPENSATION SUBCOMMITTEE OF THE BOARD OF TRUSTEE CHARGED WITH REVIEWING THE COMPENSATION OF THE PRESIDENT AND CERTAIN SENIOR UNIVERSITY EXECUTIVES. THE BOARD HAS ENGAGED AN OUTSIDE CONSULTANT TO ADVISE ON EXECUTIVE COMPENSATION SINCE 2009. THIS CONSULTANT HAS BEEN A SPECIALIST IN REVIEWING NON-PROFIT EXECUTIVE COMPENSATION SINCE 1976. THE PROCESS UTILIZES CUSTOMIZED REGIONAL AND NATIONAL SALARY SURVEY DATA, COMPLIES WITH IRS AND OTHER REQUIREMENTS FOR INDEPENDENCE, ACCOUNTABILITY, DISCLOSURE, AND DOCUMENTATION. CONSEQUENTLY, OUR EXECUTIVES ARE COMPENSATED COMPETITIVELY AND THE TRUSTEES ARE SECURE IN KNOWING THAT ALL REGULATORY REQUIREMENTS HAVE BEEN MET. THE CONSULTANT, ALEXANDER YAFFE, WILL PRESENT FINDINGS AND RECOMMENDATIONS DIRECTLY TO THE COMPENSATION SUBCOMMITTEE OF THE COMMITTEE ON TRUSTEESHIP AND GOVERNANCE OF THE BOARD OF TRUSTEES. THE BOARD WILL DELIBERATE ON RECOMMENDATIONS AND TAKE INTO ACCOUNT ANY OTHER RELEVANT INFORMATION AND FACTORS IN DETERMINING THE REASONABLENESS OF EXECUTIVE COMPENSATION. THE LAST REVIEW WAS CONDUCTED IN 2022. FORM 990, PART VI, SECTION C, LINE 19 LA SALLE UNIVERSITY'S AUDITED FINANCIAL STATEMENTS ARE MADE AVAILABLE UPON REQUEST. THE GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE NOT MADE AVAILABLE TO THE PUBLIC. POOLED INCOME FUND (2) POOLED INCOME FUND PA LA SALLE UNIVERSITY 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0