2022-03-15T09:39:56-05:00 2021-05-31 251408703 SCHNEIDER DOWNS & CO INC ONE PPG PLACE SUITE 1700 PITTSBURGH PA 15222 990 2020-06-01 340714818 FRANCISCAN UNIVERSITY OF STEUBENVILLE FRAN 7402833771 1235 UNIVERSITY BOULEVARD STEUBENVILLE OH 43952 BRENAN PERGI VP OF OPERATIONS 7402833771 2022-03-14 1 BRENAN PERGI 999009999 SARAH R PIOT P01358891 4122613644 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z FR DAVE PIVONKA TOR 1235 UNIVERSITY BOULEVARD STEUBENVILLE OH 43952 134152289 0 X WWW.FRANCISCAN.EDU X 1946 OH INSTITUTION OF HIGHER EDUCATION AND CHRISTIAN OUTREACH PROGRAMMING. 21 18 1980 565 2722653 0 30760149 14086251 83571226 92070656 3591328 2973344 3478512 3026572 121401215 112156823 27920161 36691954 0 0 42318688 43302654 0 0 3541637 31780899 29011960 102019748 109006568 19381467 3150255 242767942 274293710 63656301 64575392 179111641 209718318 SEE SCHEDULE O 0 0 86918701 36672047 91392002 INSTRUCTION AND AUXILIARY SERVICES (INCLUDING ROOM AND BOARD) AS RELATED TO THE INSTRUCTION OF 3,766 UNDERGRADUATE AND GRADUATE STUDENTS (INCLUDES ONLINE DELIVERY STUDENTS) ENROLLED IN 54 MAJORS AND 34 MINOR ACADEMIC PROGRAMS. A TOTAL OF 516 UNDERGRADUATE AND 217 MASTERS DEGREES WERE CONFERRED IN THE 2020-21 ACADEMIC YEAR. 3766490 677695 CHRISTIAN OUTREACH PROGRAMS PROVIDE SPIRITUAL FORMATION AND EDUCATION, INVITING CATHOLICS INTO A LIFELONG RELATIONSHIP WITH CHRIST AND HIS CHURCH. YOUTH AND ADULTS PARTICIPATE IN ANNUAL CONFERENCES, EVENTS, AND SEMINARS IN THE U.S AND CANADA. A DIGITAL CATECHETICAL PLATFORM ALSO FURTHERS THE UNIVERSITY'S GOALS FOR THE NEW EVANGELIZATION. DUE TO THE COVID-19 PANDEMIC CHRISTIAN OUTREACH CONFERENCES WERE CANCELLED IN 2020-21. 90685191 1 1 0 0 0 0 0 1 0 1 1 1 0 0 1 1 0 1 1 1 1 1 0 0 1 0 0 1 1 1 1 0 0 0 0 0 0 1 0 1 0 1 0 0 0 1 1 0 1 0 1 4253 0 1 1980 1 1 1 1 AU 0 0 0 1 1 0 0 0 0 0 0 X 21 18 1 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 X PAULA M DONOHUE 7402833771 1235 UNIVERSITY BOULEVARD STEUBENVILLE OH 43952 JOEL S RECZNIK VP OF ENROLLMENT MGMT 50.00 0.00 X 135735 0 110378 WILLIAM NEWTON PROFESSOR 50.00 0.00 X 143423 0 92616 MICHAEL GEORGE SIRILLA PROFESSOR 50.00 0.00 X 127341 0 95016 DR SCOTT HAHN PROFESSOR 50.00 0.00 X 144789 0 66314 RICHARD ROLLINO VP OF FINANCE 50.00 0.10 X 137232 0 66589 DR DANIEL R KEMPTON VP OF ACADEMIC AFFAIRS 50.00 0.00 X 158012 0 39151 DR PAUL SYMINGTON PROFESSOR 50.00 0.00 X 150797 0 46252 DR DANIEL KUEBLER PROFESSOR 50.00 0.00 X 162065 0 33090 TOM PAPPALARDO VP OF ADVANCEMENT 50.00 0.00 X 165650 0 27502 BRENAN PATRICK PERGI VP OF HR 50.00 0.00 X 130891 0 37108 DAVID ALAN SCHMIESING VP OF STUDENT LIFE 50.00 0.00 X 120480 0 44477 MARK R JOSEPH VP FOR CENTER FOR EVANGELIZATION 50.00 0.00 X 128350 0 12832 KIMBERLY SPONSELLER EXEC DIR. OF MARKETING/COMMUNICATION 50.00 0.00 X 105535 0 10492 CHRISTOPHER TODD DAVIS DIRECTOR OF IT, (ENTERED 8/20) 50.00 0.00 X 58707 0 15228 JANINE MURDOCK CORPORATE SECRETARY 40.00 0.00 X 43563 0 28189 SR MARY RACHEL CAPETS OP TRUSTEE 1.00 0.00 X 0 0 0 JOHN GOETZ TRUSTEE 1.00 0.00 X 0 0 0 PHILIP HOWARD TRUSTEE 1.00 0.00 X 0 0 0 CHRISTOPHER IRVIN TRUSTEE 1.00 0.00 X 0 0 0 W PAUL JONES TRUSTEE 1.00 0.00 X 0 0 0 REV JOHN MARK KLAUS TOR TRUSTEE 1.00 0.00 X 0 0 0 ALBERT H LANGSENKAMP TRUSTEE 1.00 0.00 X 0 0 0 BRIAN MCCARTHY TRUSTEE (ENTERED 04/2021) 1.00 0.00 X 0 0 0 REV JAMES PUGLIS TOR TRUSTEE 1.00 0.00 X 0 0 0 RICHARD RIEDERER TRUSTEE 1.00 0.10 X 0 0 0 MOST REVEREND ROGER J FOYS TRUSTEE (EXITED 10/2020) 1.00 0.00 X 0 0 0 DR DEBORAH SAVAGE TRUSTEE 1.00 0.00 X 0 0 0 REV MATTHEW SIMONS TOR TRUSTEE 1.00 0.00 X 0 0 0 BR MARIUS STROM TOR TRUSTEE 1.00 0.00 X 0 0 0 MARK THOMAS TRUSTEE 1.00 0.00 X 0 0 0 MICHAEL TOBIN TRUSTEE 1.00 0.00 X 0 0 0 DR PAULA TRZEPACZ TRUSTEE 1.00 0.00 X 0 0 0 REV LARRY UHLMAN TOR TRUSTEE 1.00 0.00 X 0 0 0 FR JOHNATHAN ST ANDRE TOR VP FRANCISCAN LIFE 1.00 0.00 X X 0 0 0 DAVID DEWOLF VICE CHAIR 1.00 0.00 X X 0 0 0 REV JOSEPH LEHMAN TOR CHAIR 1.00 0.00 X X 0 0 0 FR DAVE PIVONKA TOR PRESIDENT 50.00 0.50 X X 0 0 0 1912570 0 725234 47 0 1 0 PARKHURST DINING SERVICES 285 E WATERFRONT DR 200 HOMESTEAD PA 15120 FOOD SERVICE 3057472 VASCO SPORTS CONTRACTORS 4270 STERILITE ST SE MASSILLON OH 44646 CONSTRUCTION 1165735 FRANCISCAN FRIARS TOR PO BOX 188 LORETTO PA 15940 ADMIN & FACULTY 992586 GLEN O HAWBAKER INC 1952 WADDLE ROAD SUITE 203 STATE COLLEGE PA 16803 CONSTRUCTION 905499 FT STEUBEN MAINTENANCE PO BOX 310 STEUBENVILLE OH 43952 CONSTRUCTION 663847 25 9330 3310110 10766811 277866 14086251 TUITION AND FEES 900099 73297600 73297600 AUXILIARY ACTIVITIES 900099 14033002 14033002 MISC STUDENT SERVICES 900099 2784082 2468687 315395 STUDENT REL. ACTIVITIES 900099 1276704 1267829 8875 CHRISTIAN OUTREACH 611710 677694 677694 1574 1574 92070656 1342551 26464 1316087 97131 0 97131 97131 97131 21758987 147374 19870878 404690 1888109 -257316 1630793 1630793 15282 9330 9749 5533 5533 4634057 1710149 2923908 551989 2371919 112156823 92298375 2722653 3049544 19907 19907 36210855 36210855 461192 461192 1703733 750381 632741 320611 410822 249267 95550 66005 28815226 24138925 3265385 1410916 1606314 1341315 170350 94649 8671393 7125950 957222 588221 2095166 1698487 260593 136086 201546 13205 188341 222563 4713 217850 508882 508882 2718178 2121366 229738 367074 362636 324198 22058 16380 6373561 4063179 1956100 354282 847736 596272 231105 20359 876487 862687 13800 588811 496052 59354 33405 39721 24170 4693 10858 2179247 1581654 597593 5539891 3547865 1992026 693987 241309 452678 FOOD SERVICE 3292637 3292637 REPAIR & MAINTENANCE 2013080 1083636 905822 23622 ADMIN EXP - LLCS 1505421 1505421 HOSPITALITY 462435 340722 70057 51656 585141 95247 442381 47513 109006568 90685191 14779740 3541637 3933403 3908843 10346505 9996745 566400 1953481 3550941 1954543 640533 450294 628553 626467 1115595 1880353 186470502 85561587 99149743 100908915 74794494 88392052 48041775 64222017 242767942 274293710 7817802 9417886 537579 399888 2941279 4749476 22265000 21710000 20623558 20415030 9471083 7883112 63656301 64575392 X 107248575 123695802 71863066 86022516 179111641 209718318 242767942 274293710 3150255 27456422 0 X X 0 1 X 1 1 1 X 5593233 6417815 6494460 28857074 14086251 61448833 5593233 6417815 6494460 28857074 14086251 61448833 18666618 42782215 1312306 1987638 2518419 1752648 1439682 9010693 70459526 436211237 0.60720 0.54180 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X 0 65203254 640721 18789547 1171132 83462390 62845444 657947 3061074 1361211 65203254 60631362 1824940 1449319 1060177 62845444 56299833 441459 4802495 912425 60631362 53870618 986649 6353214 910648 4000000 56299833 0.33611 0.30689 0.35700 0 0 10094811 10094811 145085482 66701756 78383726 29157713 18859831 10297882 2132496 2132496 100908915 ALTERNATIVE INVESTMENT FUNDS & PARTNERSHIPS 64222017 F 64222017 STUDENT AND OTHER DEPOSITS 1233112 PAYROLL PROTECTION PROGRAM LOAN 6650000 7883112 X 105079392 27456422 2124588 29581010 75498382 447586 36210855 36658441 112156823 74472715 2124588 2124588 72348127 447586 36210855 36658441 109006568 PART III, LINE 4: THE UNIVERSITY'S COLLECTIONS INCLUDE PAINTINGS, PRINTS, PHOTOGRAPHS, SCULPTURES, DRAWINGS AND WATERCOLORS AND DECORATIVE ARTS. THESE ITEMS ARE HELD FOR EDUCATIONAL, RESEARCH, SCIENTIFIC, CURATORIAL AND RELIGIOUS PURPOSES. EACH OF THE ITEMS IS CATALOGED, PRESERVED AND CARED FOR, AND ACTIVITIES VERIFYING THEIR EXISTENCE AND ASSESSING THEIR CONDITION ARE PERFORMED CONTINUOUSLY. ITEMS ARE REFLECTED IN EQUIPMENT IN THE CONSOLIDATED FINANCIAL STATEMENT AT APPRAISED VALUE ON THE DATE PURCHASED OR CONTRIBUTED. PART V, LINE 4: THE UNIVERSITY'S ENDOWMENT CONSISTS OF APPROXIMATELY 160 INDIVIDUAL FUNDS ESTABLISHED FOR A VARIETY OF PURPOSES, INCLUDING DONOR-RESTRICTED ENDOWMENT FUNDS AND FUNDS DESIGNATED BY THE BOARD OF TRUSTEES TO FUNCTION AS ENDOWMENTS. NET ASSETS ASSOCIATED WITH THESE ENDOWMENT FUNDS ARE CLASSIFIED AND REPORTED BASED ON THE EXISTENCE OR ABSENCE OF DONOR-IMPOSED RESTRICTIONS. PART X, LINE 2: INCOME TAXES - THE UNIVERSITY IS A NOT-FOR-PROFIT ORGANIZATION AS DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (IRC) AND IS, THEREFORE, EXEMPT FROM FEDERAL INCOME TAXES ON RELATED INCOME PURSUANT TO SECTION 501(A) OF THE IRC. THE UNIVERSITY IS ALSO EXEMPT FROM STATE INCOME TAX UNDER APPLICABLE STATE STATUTES. HIH, S-8 AND GVP HAVE BEEN ORGANIZED AS LLCS, WHICH ARE NOT SUBJECT TO FEDERAL OR STATE INCOME TAXES. HOWEVER, THE TAXABLE INCOME OR LOSS FROM THESE ENTITIES IS INCLUDED IN THE INCOME TAX RETURN OF THE UNIVERSITY. ACCORDINGLY, ANY INCOME THAT IS UNRELATED TO THE EXEMPT PURPOSES OF THE UNIVERSITY IS TREATED AS UNRELATED BUSINESS INCOME ON THE UNIVERSITY'S TAX RETURN. THE UNIVERSITY FOLLOWS THE RELEVANT ACCOUNTING GUIDANCE RELATIVE TO UNCERTAINTY IN INCOME TAXES, WHICH PRESCRIBES A MINIMUM RECOGNITION THRESHOLD AND MEASUREMENT METHODOLOGY THAT A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN IS REQUIRED TO MEET BEFORE BEING RECOGNIZED IN FINANCIAL STATEMENTS. THE UNIVERSITY FILES INFORMATION AND INCOME TAX RETURNS IN THE U.S. FEDERAL JURISDICTION, AND VARIOUS STATES AND FOREIGN JURISDICTIONS. WITH FEW EXCEPTIONS, THE UNIVERSITY IS NO LONGER SUBJECT TO U.S. FEDERAL, STATE AND LOCAL OR NON-U.S. EXAMINATIONS BY TAX AUTHORITIES FOR YEARS BEFORE 2018. PART XI, LINE 2D - OTHER ADJUSTMENTS: DIRECT FUNDRAISING EXPENSES 9,749. COST OF GOODS SOLD 1,710,149. DISPOSAL 404,690. PART XI, LINE 4B - OTHER ADJUSTMENTS: TUITION ASSISTANCE 36,210,855. PART XII, LINE 2D - OTHER ADJUSTMENTS: DIRECT FUNDRAISING EXPENSES 9,749. COST OF GOODS SOLD 1,710,149. DISPOSAL 404,690. PART XII, LINE 4B - OTHER ADJUSTMENTS: TUITION ASSISTANCE 36,210,855. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 ALL UNDERGRADUATE AND GRADUATE APPLICATIONS REFLECT NON-DISCRIMINATORY POLICIES. THE POLICY STATEMENT IS CONTAINED IN PRINT AND TV ADVERTISING, AND PUBLISHED IN ADMISSIONS RECRUITMENT MATERIALS, UNIVERSITY CATALOGS, AND DOCUMENTS DISTRIBUTED TO PROSPECTIVE STUDENTS. THE POLICY IS ALSO STATED ON THE UNIVERSITY`S WEBSITE. SCHEDULE E, PART I, LINE 6 THESE FUNDS REPRESENT FINANCIAL AID ISSUED TO STUDENTS IN THE FORM OF FEDERAL AND STATE GRANTS, SCHOLARSHIPS, TUITION DISCOUNTS, AND INSTITUTIONAL FINANCIAL AID. STUDENTS RECEIVING SCHOLARSHIPS AND GRANTS FROM FRANCISCAN UNIVERSITY ARE MONITORED TO ENSURE THEY MEET THE ACADEMIC REQUIREMENTS OR OTHER CRITERIA ASSOCIATED WITH THE RESPECTIVE AWARD. ALL AID IS PROCESSED THROUGH THE FINANCIAL AID OFFICE AND IS POSTED TO THE STUDENTS' RECEIVABLE ACCOUNTS. 1 EUROPE (INCLUDING ICELAND & GREENLAND) 1 13 PROGRAM SERVICES ACADEMIC INSTRUCTION AND SUPPORT SERVICES, CHRISTIAN OUTREACH 1005503 CENTRAL AMERICA AND CARIBBEAN 0 0 PROGRAM SERVICES INSTITUTIONAL SUPPORT, CHRISTIAN OUTREACH 58442 SOUTH AMERICA 0 0 PROGRAM SERVICES CHRISTIAN OUTREACH 23276 MIDDLE EAST AND NORTH AFRICA 0 0 PROGRAM SERVICES ACADEMIC SUPPORT 7512 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 GENERAL SUPPORT STUDY ABROAD PROGRAM 461192 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 GENERAL SUPPORT EDUCATIONAL ADMIN 11311 CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS, 0 0 INVESTMENTS 25208042 EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM 0 0 INVESTMENTS 1442400 0 13 0 0 0 13 28217678 0 28217678 EUROPE (INCLUDING ICELAND & GREENLAND) GENERAL SUPPORT 461192 ELECTRONIC BANK TRANSFERS N/A N/A 1 0 1 0 1 1 1 0 PART I, LINE 2: THE UNIVERSITY REQUIRES PERIODIC REPORTING ON THE USE OF THE FUNDS TO ENSURE THAT THE FUNDS ARE USED FOR THEIR STATED PURPOSE. STUDENTS RECEIVING SCHOLARSHIPS AND GRANTS FROM FRANCISCAN UNIVERSITY ARE MONITORED TO ENSURE THEY MEET THE ACADEMIC REQUIREMENTS OR OTHER CRITERIA ASSOCIATED WITH THE RESPECTIVE AWARD. ALL AID IS PROCESSED THROUGH THE FINANCIAL AID OFFICE AND IS POSTED TO THE STUDENTS' RECEIVABLE ACCOUNTS. PART III ACCOUNTING METHOD: PRESIDENT'S GOLF OUTING 24612 9330 15282 7884 1865 24612 9330 15282 7884 1865 9749 5533 1 ACADEMY OF LIFELONG LEARNING 235 NORTH 4TH STREET STEUBENVILLE OH 43952 871141679 501(C)(3) 14907 N/A N/A ESTABLISH INDEPENDENT ORGANIZATION AIM WOMEN'S CENTER 248 NORTH 5TH STREET STEUBENVILLE OH 43952 341567102 501(C)(3) 5000 N/A N/A GENERAL SUPPORT 2 0 FEDERAL FINANCIAL AID 38 108234 N/A N/A STATE FINANCIAL AID 124 309918 N/A N/A INSTITUTIONAL AID 2221 31400657 N/A N/A RESTRICTED SCHOLARSHIPS 1603 4392046 N/A N/A PART I, LINE 2: THESE FUNDS REPRESENT FINANCIAL AID ISSUED TO STUDENTS IN THE FORM OF FEDERAL AND STATE GRANTS, SCHOLARSHIPS, TUITION DISCOUNTS, AND INSTITUTIONAL FINANCIAL AID. STUDENTS RECEIVING SCHOLARSHIPS AND GRANTS FROM FRANCISCAN UNIVERSITY ARE MONITORED TO ENSURE THEY MEET THE ACADEMIC REQUIREMENTS OR OTHER CRITERIA ASSOCIATED WITH THE RESPECTIVE AWARD. ALL AID IS PROCESSED THROUGH THE FINANCIAL AID OFFICE AND IS POSTED TO THE STUDENTS' RECEIVABLE ACCOUNTS. X 1 1 X X 0 0 0 0 0 0 0 1 0 JOEL S RECZNIK VP OF ENROLLMENT MGMT 133085 0 2650 0 0 0 13980 0 96398 0 246113 0 0 0 WILLIAM NEWTON PROFESSOR 141668 0 1755 0 0 0 7809 0 84807 0 236039 0 0 0 MICHAEL GEORGE SIRILLA PROFESSOR 125571 0 1770 0 0 0 7980 0 87036 0 222357 0 0 0 DR SCOTT HAHN PROFESSOR 142604 0 2185 0 0 0 13696 0 52618 0 211103 0 0 0 RICHARD ROLLINO VP OF FINANCE 134482 0 2750 0 0 0 13971 0 52618 0 203821 0 0 0 DR DANIEL R KEMPTON VP OF ACADEMIC AFFAIRS 155197 0 2815 0 0 0 15603 0 23548 0 197163 0 0 0 DR PAUL SYMINGTON PROFESSOR 149037 0 1760 0 0 0 7884 0 38368 0 197049 0 0 0 DR DANIEL KUEBLER PROFESSOR 159980 0 2085 0 0 0 8650 0 24440 0 195155 0 0 0 TOM PAPPALARDO VP OF ADVANCEMENT 163070 0 2580 0 0 0 3954 0 23548 0 193152 0 0 0 BRENAN PATRICK PERGI VP OF HR 128281 0 2610 0 0 0 13560 0 23548 0 167999 0 0 0 DAVID ALAN SCHMIESING VP OF STUDENT LIFE 117855 0 2625 0 0 0 12725 0 31752 0 164957 0 0 0 PART I, LINE 1B THE UNIVERSITY OWNS THE FRIARY BUILDING ON ITS CAMPUS. FATHER DAVID PIVONKA RESIDES IN THE FRIARY. ALL OPERATING EXPENSES ARE THE FINANCIAL RESPONSIBILITY OF THE THIRD ORDER REGULAR OF ST. FRANCIS OF PENANCE (TOR) OF THE PROVINCE OF THE MOST SACRED HEART OF JESUS, FRANCISCAN UNIVERSITY'S MEMBER. PART I, LINE 3 THE UNIVERSITY MAINTAINS A MARKET BASED COMPENSATION SYSTEM WITH ASSIGNED PAY RANGES FOR EACH POSITION REFLECTING THE MARKET WAGE AMONG A GROUP OF IDENTIFIED PEERS AND RELATIVE LEVEL OF RESPONSIBILITY WITHIN THE ORGANIZATION. OFFICERS' COMPENSATION IS DETERMINED WITHIN THE BUDGETING PROCESS AND SALARY INCREASES ARE RECOMMENDED BY THE VICE PRESIDENT OF FINANCE AND THE VICE PRESIDENT OF HUMAN RESOURCES IN CONSULTATION WITH THE PRESIDENT AND APPROVED BY AN INDEPENDENT COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES. PART I, LINE 7 ALL INDIVIDUALS LISTED ON PART VII OF THE FORM 990 RECEIVED BONUS PAYMENTS IN CALENDAR YEAR 2020. A OHIO HIGHER EDUCATIONAL FACILITY COMMISSION 346849674 67756DLX2 2016-12-15 23994583 REFUND 2006 BOND 0 0 0 A 23994583 1775967 9520000 11295967 2016 1 0 1 1 A 0 0 0 0 0 0 1 A 0 1 0 0 0 0 0 0 1 A 1 54460 SCHOLARSHIPS FINANCIAL AID M RECZNIK OFFICER'S FAMILY MEMBER 66005 COMPENSATION 0 C RECZNIK OFFICER'S FAMILY MEMBER 86362 COMPENSATION 0 K HARRIS OFFICER'S FAMILY MEMBER 162304 COMPENSATION 0 K HARRIS OFFICER'S FAMILY MEMBER 41681 COMPENSATION 0 J RIFFLE OFFICER'S FAMILY MEMBER 53868 COMPENSATION 0 X 1 COST OR SELLING PRICE X 27 277865 FMV 0 0 1 0 PART I, COLUMN (B): PART I, COLUMN (B) REPORTS THE NUMBER OF CONTRIBUTORS. PURPOSE THE PURPOSE OF THE UNIVERSITY IS TO FURTHER THE HIGHER EDUCATION OF MEN AND WOMEN THROUGH PROGRAMS OF LIBERAL, PROFESSIONAL, AND PRE-PROFESSIONAL STUDIES LEADING TO THE CONFERRAL OF THE BACCALAUREATE AND MASTER DEGREES IN THE ARTS AND SCIENCES. SAID DEGREES SHALL BE CONFERRED IN ACCORDANCE WITH THE PROVISIONS OF THE ARTICLES OF INCORPORATION OF THE UNIVERSITY AND THE LAWS OF THE STATE OF OHIO. IT SHALL BE THE FURTHER PURPOSE OF THE UNIVERSITY, PUBLICLY IDENTIFIED AS A CATHOLIC AND A FRANCISCAN INSTITUTION, TO PROMOTE THE MORAL, SPIRITUAL, AND RELIGIOUS VALUES OF ITS STUDENTS. THE UNIVERSITY WILL BE GUIDED BY THE EXAMPLE AND TEACHING OF ST. FRANCIS OF ASSISI. FORM 990, PART VI, SECTION A, LINE 1 THE UNIVERSITY`S BOARD HAS A GOVERNANCE COMMITTEE WHOSE DUTIES AND RESPONSIBILITIES ARE OUTLINED IN THE BYLAWS. THE GOVERNANCE COMMITTEE SHALL HAVE AND EXERCISE, BETWEEN MEETINGS OF THE BOARD OF TRUSTEES, AS PROVIDED IN THE BYLAWS, ANY AND ALL THE POWERS OF THE BOARD OF TRUSTEES IN THE MANAGEMENT AND TRANSACTION OF BUSINESS OF THE UNIVERSITY AND SHALL HAVE THE POWER TO AUTHORIZE THE SEAL OF THE UNIVERSITY TO BE AFFIXED TO ALL INSTRUMENTS WHICH MAY REQUIRE IT. THE GOVERNANCE COMMITTEE SHALL MEET UPON CALL BY THE CHAIRMAN OF THE BOARD, OR THE PRESIDENT OF THE UNIVERSITY. A MAJORITY OF THE GOVERNANCE COMMITTEE, AT LEAST ONE (1) OF WHOM SHALL BE A LAY MEMBER, SHALL CONSTITUTE A QUORUM FOR THE TRANSACTION OF BUSINESS. THE GOVERNANCE COMMITTEE SHALL REPORT ITS ACTIVITIES, INCLUDING ACTIONS TAKEN ON BEHALF OF THE FULL BOARD, TO THE BOARD AT ITS NEXT MEETING. THE GOVERNANCE COMMITTEE MAY DECIDE IT APPROPRIATE TO MAIL A COPY OF THE MINUTES OF ITS MEETING TO EACH MEMBER OF THE BOARD IN ADVANCE OF THE NEXT MEETING OF THE BOARD AND IN LIEU OF MAKING A REPORT AT THAT MEETING. FORM 990, PART VI, SECTION A, LINE 2 RICHARD ROLLINO, FR. DAVE PIVONKA, T.O.R., AND MR. RICHARD RIEDERER ARE MEMBERS OF THE MARIA THRON FOUNDATION SUPERVISORY BOARD. FORM 990, PART VI, SECTION A, LINE 6 FRANCISCAN UNIVERSITY OF STEUBENVILLE IS A 501(C)(3) NONPROFIT CORPORATION WITH MEMBERS. THE MEMBERS OF THE CORPORATION ARE THE MINISTER PROVINCIAL AND THE PROVINCIAL CURIA OF THE MOST SACRED HEART OF JESUS, THIRD ORDER REGULAR (T.O.R.). THE PRESIDENT OF THE FRANCISCAN UNIVERSITY OF STEUBENVILLE SERVES AS A MEMBER EX OFFICIO. THESE INDIVIDUALS SERVE AS MEMBERS OF THE CORPORATION DURING THEIR RESPECTIVE TERMS AS MINISTER PROVINCIAL, THE PROVINCIAL CURIA, AND PRESIDENT OF THE UNIVERSITY. FORM 990, PART VI, SECTION A, LINE 7A THE MINISTER PROVINCIAL OF THE PROVINCE OF THE MOST SACRED HEART OF JESUS OF THE THIRD ORDER REGULAR AND THE PRESIDENT OF THE UNIVERSITY SHALL BE EX OFFICIO MEMBERS OF THE BOARD OF TRUSTEES. THESE INDIVIDUALS ARE ELECTED BY THE PROVINCE OF THE MOST SACRED HEART OF JESUS. SEVEN OF THE BOARD MEMBERS MUST BE MEMBERS OF THE ORDER. FORM 990, PART VI, SECTION A, LINE 7B THE FOLLOWING POWERS ARE RESERVED EXCLUSIVELY TO THE MEMBERS OF THE CORPORATION: A. TO DETERMINE THE PHILOSOPHY AND OBJECTIVES OF THE CORPORATION. B. TO ADOPT AMENDMENTS TO THE ARTICLES OF INCORPORATION, AND TO ALTER, AMEND, OR REPEAL BYLAWS. C. TO PURCHASE, SELL, LEASE, TRANSFER OR ENCUMBER, CONSTRUCT, OR UNDERTAKE THE DESTRUCTION OF LAND AND/OR BUILDINGS OWNED BY THE UNIVERSITY, OR IN WHICH THE UNIVERSITY HAS OR WILL HAVE LEGAL OR EQUITABLE TITLE. D. TO MERGE, CONSOLIDATE, OR AFFILIATE THE UNIVERSITY WITH ANY OTHER CORPORATION. E. TO DISSOLVE OR TERMINATE THE EXISTENCE OF THE UNIVERSITY AND TO DETERMINE THE DISTRIBUTION OF CORPORATE ASSETS UPON SUCH DISSOLUTION OR TERMINATION, PROVIDED THAT SUCH DISTRIBUTION BE EXCLUSIVELY MADE FOR SUCH PURPOSES AS ARE EXEMPT FROM TAXATION UNDER FEDERAL LAW. FORM 990, PART VI, SECTION B, LINE 11B THE ENTIRE BOARD OF TRUSTEES RECEIVES A COMPLETE FORM 990 FOR REVIEW. THE COMPLETE 990 IS ALSO REVIEWED BY THE PRESIDENT AND VP OF OPERATIONS. FORM 990, PART VI, SECTION B, LINE 12C BOARD MEMBERS COMPLETE A CONFLICT OF INTEREST FORM ON AN ANNUAL BASIS TO IDENTIFY POTENTIAL OR ACTUAL CONFLICTS. MEMBERS OF THE UNIVERSITY'S FINANCE MANAGEMENT TEAM REVIEW ALL COMPLETED ANNUAL DISCLOSURES. PERCEIVED OR ACTUAL CONFLICTS ARE ADVANCED TO THE BOARD FOR RESOLUTION. THE AUDIT COMMITTEE HAS RESPONSIBILITY TO MONITOR CONFLICTS OF INTEREST BETWEEN THE UNIVERSITY'S BUSINESS ACTIVITY AND MEMBERS OF MANAGEMENT, FACULTY, AND TRUSTEES. FORM 990, PART VI, SECTION B, LINE 15 A. THE PRESIDENT OF THE UNIVERSITY, A CATHOLIC PRIEST OF FRANCISCAN FRIARS TOR, HAS TAKEN A VOW OF POVERTY AND IS NOT COMPENSATED FOR HIS SERVICE TO THE UNIVERSITY. THIS ARRANGEMENT IS DISCLOSED AND REVIEWED BY THE PROVINCIAL OF THE FRANCISCAN ORDER AND THE COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES. DUE TO THE FACT THAT NO COMPENSATION IS PAID TO THE PRESIDENT, POLICIES AND PROCESSES REGARDING AWARDING PRESIDENTIAL COMPENSATION ARE NOT RELEVANT, DISCLOSURES IN PART VII AND SCHEDULE J REFLECT THIS FACT. THE UNIVERSITY DOES MAKE A PAYMENT TO THE FRANCISCAN FRIARS TOR FOR THE SERVICES PERFORMED BY ALL FRIARS. B. THE UNIVERSITY MAINTAINS A MARKET BASED COMPENSATION SYSTEM WITH ASSIGNED PAY RANGES FOR EACH POSITION REFLECTING THE MARKET WAGE AMONG A GROUP OF IDENTIFIED PEERS AND RELATIVE LEVEL OF RESPONSIBILITY WITHIN THE ORGANIZATION. OFFICERS' COMPENSATION IS DETERMINED WITHIN THE BUDGETING PROCESS AND SALARY INCREASES ARE RECOMMENDED BY THE VICE PRESIDENT OF FINANCE AND THE VICE PRESIDENT OF HUMAN RESOURCES IN CONSULTATION WITH THE PRESIDENT AND APPROVED BY AN INDEPENDENT COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES. FORM 990, PART VI, SECTION C, LINE 19 FRANCISCAN UNIVERSITY OF STEUBENVILLE MAKES ITS GOVERNANCE DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENT AVAILABLE TO THE PUBLIC UPON WRITTEN REQUEST SUBMITTED TO VP OF FINANCE. FORM 990, PART XI, QUESTION 2C, OVERSIGHT OF FINANCIAL STATEMENT AUDIT: AUDIT COMMITTEE RECOMMENDS THE ENGAGEMENT OF THE INDEPENDENT AUDIT FIRM FOR APPROVAL BY THE FULL BOARD; REVIEWS THE FINANCIAL STATEMENTS AND AUDIT RESULTS, INCLUDING MANAGEMENT LETTER AND ISSUES RAISED IN ACCORDANCE WITH THE SAS NO.114; RECOMMENDS THE APPROVAL OF THE ANNUAL AUDIT TO THE FULL BOARD; AND FOLLOWS UP ON DEFICIENCIES RAISED DURING THE AUDIT AND OVERSEES CORRECTIVE ACTIONS. THE AUDIT COMMITTEE MAY ALSO REVIEW COMPLIANCE WITH ALL FINANICAL REPORTING AND REGULATORY REQUIREMENTS; MONITOR THE ADEQUACY AND INTEGRITY OF ACCOUNTING, INTERNAL CONTROLS, AND RISK MANAGEMENT, INCLUDING FRAUD RISK ASSESSMENT. FORM 990, PART VII, EMERITUS TRUSTEES: THE FOLLOWING INDIVIDUAL SERVES AS AN EMERITUS TRUSTEE OF THE FRANCISCAN UNIVERSITY OF STEUBENVILLE WITH NO VOTING RIGHTS: DR. JOHN H. 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