2022-03-30T18:20:08-05:00 2021-06-30 383635706 REHMANN ROBSON LLC 555 BRIARWOOD CIRCLE STE 300 ANN ARBOR MI 48108 990 2020-07-01 381393841 CLEARY UNIVERSITY CLEA 5175483670 3750 CLEARY DR HOWELL MI 48843 ALAN DRIMMER CURRENT PRESIDENT 5175483670 2022-03-30 1 ALAN DRIMMER 999009999 KATHLEEN M UNDERHILL CPA P00589677 7347612005 2022-03-30 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z ALAN DRIMMER 3750 CLEARY DR HOWELL MI 48843 17197508 0 X WWW.CLEARY.EDU X 1883 MI PROVIDE A BUSINESS EDUCATION THAT EQUIPS INDIVIDUALS TO DELIVER SUPERIOR SERVICE TO EMPLOYERS AND THEIR COMMUNITIES. 20 20 230 30 0 0 2129641 2887161 12669512 13557622 162005 220755 508115 295823 15469273 16961361 5189315 5787206 0 0 5151776 4582877 0 0 282929 5522439 6397691 15863530 16767774 -394257 193587 24296185 24489886 13280345 13319615 11015840 11170271 TO PREPARE INDIVIDUALS TO CONTRIBUTE AND PREVAIL IN A CONSTANTLY CHANGING WORKFORCE. 0 0 10270270 5787206 13874238 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. 10270270 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 25 0 1 230 1 0 0 0 0 0 0 0 0 0 0 0 0 X 20 20 0 0 0 0 0 0 0 1 1 0 1 1 1 1 1 1 1 1 1 1 0 X SHELLY HOLANDA 5173383319 3750 CLEARY DR HOWELL MI 48843 GLYNIS MCBAIN CHAIR 2.00 X X 0 0 0 JOE PARKER PAST CHAIR 2.00 X X 0 0 0 EDIE REAVES VICE CHAIR 2.00 X X 0 0 0 BRANDON WILSON SECRETARY 2.00 X X 0 0 0 NICK QUIGLEY TREASURER 2.00 X X 0 0 0 DON REIMONDO VICE TREASURER 2.00 X X 0 0 0 ADAM GENEI MARKETING COMMITTEE CHAIR 2.00 X X 0 0 0 ANNE MCKENNY NOMINATING & GOVERNANCE COMMITTEE CHAIR 2.00 X X 0 0 0 PATRICK CLEARY II FAMILY SEAT 2.00 X X 0 0 0 ANDREW HULBERT ACADEMIC & STUDENT AFFAIRS COMMITTEE CHAIR 2.00 X X 0 0 0 ALAN KRUSE TRUSTEE 2.00 X 0 0 0 KEVIN CLARK TRUSTEE 2.00 X 0 0 0 TAMIKA MAYES TRUSTEE 2.00 X 0 0 0 DAVID BARFIELD TRUSTEE 2.00 X 0 0 0 CHRIS SPENSLEY TRUSTEE 2.00 X 0 0 0 CHRISTIAN SCHAFER TRUSTEE 2.00 X 0 0 0 NICOLE WHITELY TRUSTEE 2.00 X 0 0 0 CATHY RIESTERER TRUSTEE EFFECTIVE 1/1/21 2.00 X 0 0 0 SHAUN MERRY TRUSTEE EFFECTIVE 1/1/21 2.00 X 0 0 0 ANU GOPALAKRISHNA TRUSTEE EFFECTIVE 1/1/21 2.00 X 0 0 0 MACHELLE HOLANDA VP OF FINANCE 50.00 X 119102 0 16544 MATTHEW BENNETT SENIOR VP OF DEVELOPMENT 50.00 X 115061 0 16590 EMILY BARNES PROVOST/INTERIM PRES 50.00 X 148723 0 10736 CAREY MONROE VP OF ENROLLMENT THRU NOV 2020 50.00 X 71284 0 9606 HEATHER BATEMAN VP STUDENT AFFAIRS 50.00 X 82001 0 14128 SARA BARNWELL DEAN OF ACADEMIC OPER 50.00 X 64389 0 4811 DAVID HAYES DEAN OF UNDERGRAD STUDIES 50.00 X 62130 0 3322 REGINA BANKS-HALL DEAN OF GRAD STUDIES 50.00 X 69256 0 3265 731946 0 79002 3 0 1 0 YOUR PEOPLE 25121 SCOTIA RD HUNTINGTON WOODS MI 48070 3RD PARTY MARKETING/BRANDING 143413 RESTAURANT & COMMERCIAL BUILDER 12400 MILFORD RD HOWELL MI 48442 CONTRACTOR 131499 2 X 116500 2349629 421032 23937 2887161 TUITION AND FEES 611600 12154334 12154334 STUDENT HOUSING 611600 1297784 1297784 OTHER PROGRAM SERVICES 611600 102204 102204 CORP CERT TRAINING PROGRAM 611600 3300 3300 13557622 168808 168808 136162 84215 51947 51947 51947 2635 116500 23428 -20793 -20793 441081 128504 312577 312577 EVENT REVENUE 900099 4039 4039 4039 16961361 13874238 0 199962 5787206 5787206 811317 376600 328478 106239 3120734 1506328 1531576 82830 81380 40572 36955 3853 222840 111097 101193 10550 346606 172801 157395 16410 10163 10163 141666 141666 692461 17636 674825 511991 2180 507969 1842 137472 44486 92889 97 1516620 1121638 394982 81610 80497 660 453 34352 1461 31236 1655 677970 677970 805348 805348 197099 79812 117287 OTHER 596319 213559 331323 51437 BOOKSTORE EXPENSES 334002 334002 BOOKS & PERIODICALS 277857 236599 33695 7563 EQUIPMENT 269208 135693 133515 113553 8103 105450 16767774 10270270 6214575 282929 202852 89290 6687 552435 5730833 4106103 160133 1110503 93884 94050 341621 229322 22296041 7093292 14840085 15202749 571807 675580 2348283 2429854 24296185 24489886 1938498 2681379 1948885 1834761 9392962 8803475 13280345 13319615 X 5336931 6932970 5678909 4237301 11015840 11170271 24296185 24489886 X 193587 -39156 X X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X 0 1769284 62086 168808 128254 1871924 1770689 10573 75790 87768 1769284 1681114 48161 58832 17418 1770689 1632437 99217 22952 73492 1681114 3118222 62611 9532 1557928 1632437 0.74725 0.25275 0 0 904842 904842 12748970 3585709 9163261 4859006 1195682 3663324 2678234 2278287 399947 1104989 33614 1071375 15202749 ARTWORK 1575363 ART HELD FOR RESALE 323900 CHARITABLE REMAINDER UNITRUST INTEREST 352307 CSV OF LIFE INSURANCE 178284 2429854 X 11852348 -5109013 -5109013 16961361 0 16961361 11697917 593795 593795 11104122 5663652 5663652 16767774 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 2018 THROUGH 2021, THE YEARS WHICH REMAIN SUBJECT TO EXAMINATION BY MAJOR TAX JURISDICTIONS AS OF JUNE 30, 2021. 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, 2021 OR 2020, 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 128,504. GRANTS & SCHOLARSHIPS -5,663,652. EMPLOYEE RETENTION CREDIT 402,707. EVENT EXPENSES 23,428. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 128,504. EMPLOYEE RETENTION CREDIT 441,863. EVENT EXPENSES 23,428. PART XII, LINE 4B - OTHER ADJUSTMENTS: GRANTS & SCHOLARSHIPS 5,663,652. 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. FOOD TRUCK RALLY 119135 116500 2635 12405 4423 6600 119135 116500 2635 12405 4423 6600 23428 -20793 1 VA MILITARY GRANT 10 26855 CLEARY INSTITUTIONAL GRANT 22 22428 NEXT STEP GRANT 1 36241 ATHLETIC SCHOLARSHIP 467 2419233 ATHLETIC HOUSING SCHOLARSHIP 404 482626 ADMISSIONS TRANSFER SCHOLARSHIP 22 30668 CLEARY BUSINESS PARTNER SCHOLARSHIP 1 33293 RESIDENT ASSISTANT SCHOLARSHIP 11 49800 OPPORTUNITY REFERRAL GRANT 113 287457 EMPLOYEE GRANTS 42 185526 GRADUATE ASSISTANT GRANT 29 66323 ENTREPRENEUR SCHOLARSHIP 39 34500 LAKETRUST SCHOLARSHIP 27 161971 CEO SCHOLARSHIP 229 592859 COURAGE & SERVICE SCHOLARSHIP 154 345148 ADMISSIONS HONORS SCHOLARSHIPS 40 57875 CORP SCHOLARSHIP 189 808561 GRADUATE MERIT SCHOLARSHIP 13 5750 ENDOWED SCHOLARSHIPS 4 128054 COMMUNITY COLLEGE & ALUMNI DISCOUNT 23 12038 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/INTERIM PRES 134723 0 14000 0 0 0 6736 0 4000 0 159459 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 VIII, LINE 1E: THE ORGANIZATION WAS A RECIPIENT OF A PAYCHECK PROTECTION PROGRAM LOAN OF $1,069,953 GRANTED BY THE SMALL BUSINESS ADMINISTRATION UNDER THE CONSOLIDATIONS APPROPRIATIONS ACT ("CAA") ON 4/15/2020 TO ASSIST IN MAINTAINING COMPENSATION COSTS AND EMPLOYEE HEADCOUNT FOLLOWING RECEIPT OF THE LOAN DURING THE PANDEMIC. THE LOAN HAS NOT YET BEEN FORGIVEN. HOWEVER, SINCE THE ORGANIZATION BELIEVES THAT THE REQUIREMENTS FOR FORGIVENESS HAVE BEEN MET AT 6/30/2021, THE FULL AMOUNT HAS BEEN RECOGNIZED AS A CONTRIBUTION ON THE FINANCIALS STATEMENTS AND HAS BEEN INCLUDED AS A GOVERNMENT GRANT ON THE 990. FORM 990, PART XI, LINE 9: ADDITIONAL EMPLOYEE RETENTION CREDIT NOT ON BOOKS -39,156. FORM 990, PART XII, LINE 2C THE PROCESS HAS NOT CHANGED FROM PRIOR YEAR