2022-02-03T09:07:24-06:00 2021-06-30 390859910 BAKER TILLY US LLP 1570 FRUITVILLE PIKE SUITE 400 LANCASTER PA 17601 990 2020-07-01 231365966 ROSEMONT COLLEGE ROSE 6105270200 1400 MONTGOMERY AVENUE ROSEMONT PA 190101699 MARTY MEHRINGER VP FINANCE & ADMINISTRATION 6105270200 2022-02-01 1 MARTY MEHRINGER 999009999 KERRI N BOGDA CPA P00760402 7177404863 X 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z MARTY MEHRINGER 1400 MONTGOMERY AVENUE ROSEMONT PA 190101699 24273041 0 X WWW.ROSEMONT.EDU X 1921 PA ROSEMONT COLLEGE IS A COMMUNITY OF LEARNERS DEDICATED TO EXCELLENCE & JOY IN PURSUIT OF KNOWLEDGE. 17 17 420 22 0 0 4624801 6653268 16072385 13891674 848859 710970 652393 1104798 22198438 22360710 5106328 4347572 0 0 9893634 9997291 59375 39055 625510 9314685 9481569 24374022 23865487 -2175584 -1504777 55101229 56757449 23270693 23391035 31830536 33366414 X ROSEMONT COLLEGE IS A COMMUNITY OF LEARNERS DEDICATED TO EXCELLENCE AND JOY IN THE PURSUIT OF KNOWLEDGE. CONTINUED ON SCHEDULE O.ROSEMONT COLLEGE SEEKS TO DEVELOP IN ALL MEMBERS OF THE COMMUNITY OPEN AND CRITICAL MINDS, AS WELL AS THE ABILITY TO MAKE REASONED MORAL DECISIONS. ROOTED IN CATHOLICISM, AND GUIDED BY THE EDUCATIONAL PRINCIPLES OF CORNELIA CONNELLY AND THE SOCIETY OF THE HOLY CHILD JESUS, ROSEMONT COLLEGE VALUES: TRUST IN AND REVERENCE FOR THE DIGNITY OF EACH PERSON, DIVERSITY IN HUMAN CULTURE AND EXPERIENCE, AND PERSISTENCE AND COURAGE IN PROMOTING JUSTICE WITH COMPASSION. 0 0 14200791 4347572 13891674 ROSEMONT COLLEGE WAS FOUNDED IN 1921 AND IS LOCATED IN SUBURBAN PHILADELPHIA. TOTAL STUDENT ENROLLMENT IS 958 WITH A STUDENT-TEACHER RATIO OF 12:1 AND AN AVERAGE CLASS SIZE OF 12. THERE ARE THREE SCHOOLS: THE UNDERGRADUATE COLLEGE, THE SCHOOL OF GRADUATE STUDIES, AND THE SCHOOL OF PROFESSIONAL STUDIES. THE UNDERGRADUATE COLLEGE OFFERS A NUMBER OF MAJORS AND ACADEMIC PROGRAMS AWARDING BACHELOR OF ARTS, BACHELOR OF FINE ARTS, AND BACHELOR OF SCIENCE DEGREES. EACH PROGRAM OFFERS AN IN-DEPTH STUDY OF A PARTICULAR SUBJECT AREA AS WELL AS A BREADTH OF STUDY IN THE LIBERAL ARTS.CONTINUED ON SCHEDULE O.THE SCHOOL OF GRADUATE STUDIES OFFERS GRADUATE PROGRAMS THAT AWARD THE MASTER OF BUSINESS ADMINISTRATION, MASTER OF SCIENCE IN MANAGEMENT, MASTER OF ARTS, MASTER OF FINE ARTS, AND THE MASTER OF EDUCATION DEGREES. THE SCHOOL OF PROFESSIONAL STUDIES OFFERS ACCELERATED DEGREE PROGRAMS, CERTIFICATES, AND CORPORATE TRAINING. THE ACADEMIC FOCUS OF THE ACCELERATED DEGREE PROGRAMS IS ON RELEVANT AND PRACTICAL KNOWLEDGE AND TECHNIQUES. SMALL CLASS SIZE AND A SEMINAR ATMOSPHERE COMPLEMENT THE LEARNING EXPERIENCE.GENERAL EDUCATION SCHOLARSHIPS AND FEDERAL AND STATE GRANTS AND SCHOLARSHIPS ARE AWARDED TO STUDENTS. DURING THE YEAR ENDED JUNE 30, 2021, THE COLLEGE PROVIDED STUDENT FINANCIAL AID FROM INTERNAL RESOURCES OF APPROXIMATELY $2,900,000. 14200791 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 1 0 0 0 0 1 0 0 0 0 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 29 0 1 420 1 0 0 0 0 0 0 0 0 0 0 0 0 X 17 17 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 PA X MARTY MEHRINGER VP FINANCE ADMIN 6105270200 1400 MONTGOMERY AVENUE ROSEMONT PA 190101699 MARIA A FEELEY JD CHAIR 5.00 X X 0 0 0 KATHLEEN TRAINOR VICE CHAIR (UNTIL 10/2020) 1.00 X X 0 0 0 JAMES SCHULTZ TRUSTEE, VICE CHAIR AS 10/20) 1.00 X X 0 0 0 SEAN H FITZPATRICK TREASURER 1.00 X X 0 0 0 ANN MARSHALL SECRETARY 1.00 X X 0 0 0 KAMIL ALI-JACKSON TRUSTEE 1.00 X 0 0 0 ROSEANNE MCDOUGALL SHCJ EDD TRUSTEE 1.00 X 0 0 0 LORINA MARSHALL-BLAKE TRUSTEE 1.00 X 0 0 0 SANDRA LINCOLN SHCJ TRUSTEE 1.00 X 0 0 0 VARSOVIA FERNANDEZ TRUSTEE 1.00 X 0 0 0 CARROLL JULIANO SHCJ TRUSTEE 1.00 X 0 0 0 MARIA SICHOL SHCJ TRUSTEE 1.00 X 0 0 0 EILEEN MCDEVITT SHCJ TRUSTEE 1.00 X 0 0 0 IAN MORTIMER TRUSTEE 1.00 X 0 0 0 LINDA ROMANOWSKI TRUSTEE 1.00 X 0 0 0 NEFERTI SICKOUT TRUSTEE 1.00 X 0 0 0 MEGAN SULLIVAN TRUSTEE 1.00 X 0 0 0 LAURA WHITNEY TRUSTEE 1.00 X 0 0 0 PETER DOONER TRUSTEE (UNTIL 10/2020) 1.00 X 0 0 0 SUZANNE K MURPHY PHD TRUSTEE (UNTIL 06/2021) 1.00 X 0 0 0 MAUREEN O'CONNELL PHD TRUSTEE (UNTIL 06/2021) 1.00 X 0 0 0 JAYSON BOYERS PHD PRESIDENT 60.00 X 160616 0 27454 MARTY MEHRINGER VP FINANCE & ADMIN 50.00 X 37366 0 5523 RANDY L ELDRIDGEUNTIL 92020 VP FINANCE & ADMIN 40.00 X 172295 0 9076 CHRISTYN MORAN VP COLLEGE RELATIONS 40.00 X 108316 0 13409 LISA DOLLING UNTIL 92020 PROVOST 40.00 X 172493 0 17299 SHARON L HIRSH UNTIL 52020 FORMER PRESIDENT 60.00 X 173990 0 17860 825076 0 90621 5 1 1 0 ARAMARK MANAGEMENT SERVICE LP 1101 MARKET STREET PHILADELPHIA PA 19107 FACILITIES MANAGEMENT AND CLEANING 826740 PARKHURST DINING SERVICES 285 E WATERFRONT DRIVE HOMESTEAD PA 15120 FOOD SERVICES 790214 INDUSTRIAL CONSTRUCTION 2545 HADDONFIELD RD PENNSAUKEN TOWNSHIP NJ 08110 CONSTRUCTION SERVICES 372304 PA MEDIA GROUP P O BOX 77000/DEPT 77571 DETROIT MI 482770571 MARKETING 257750 JENZABAR P O BOX 55018 BOSTON MA 02205 IT SERVICES 227561 10 3359353 3293915 47282 6653268 STUDENT TUITION AND FEES 611710 11623833 11623833 ROOM AND BOARD-STUDENTS 721310 2267841 2267841 13891674 300679 300679 56367 3981 52386 52386 52386 2318641 1908350 410291 410291 410291 INSURANCE PROCEEDS 900099 692931 692931 PAYROLL EXPENSES REIMBURSEMENT 900099 91220 91220 COMMISSIONS 900099 49254 49254 219007 219007 1052412 22360710 13891674 0 1815768 4347572 4347572 215944 144441 62427 9076 7601723 5084658 2197578 319487 184878 123662 53446 7770 1363783 912210 394256 57317 630963 422040 182405 26518 88590 88590 221014 221014 39055 39055 95847 95847 1277116 403389 794127 79600 145486 145486 301127 131381 155312 14434 902590 45324 857266 545632 178026 367606 23834 3026 20808 5382 693 377 4312 684621 684621 1173771 1173771 978557 978557 FOOD 1106557 1106557 OTHER PROGRAM COSTS 640361 375774 196646 67941 REPAIRS & MAINTENANCE 294577 84399 210178 BAD DEBT 116803 0 116803 879704 153018 726686 23865487 14200791 9039186 625510 2154815 1679964 750810 955349 1983389 2706925 1576777 993214 90667 150581 404407 772405 59631524 30287554 29015402 29343970 17483160 18591295 151874 131574 1489928 1432172 55101229 56757449 2112535 2121330 2156434 1206047 5196819 8949537 15972977 3810200 2000000 1045168 2090681 23270693 23391035 X 8947765 8035873 22882771 25330541 31830536 33366414 55101229 56757449 X -1504777 2987667 52988 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 17272190 33396 3586025 919781 1630033 18341797 19572863 26564 1142287 1319524 2150000 17272190 18683080 621417 1098309 829943 19572863 18789132 322366 1182880 896152 715146 18683080 16293747 918730 1840817 842385 -578223 18789132 0.05533 0.94467 0.00000 0 0 352332 352332 51226711 22774748 28451963 7492383 7116683 375700 560098 396123 163975 29343970 CAPITAL LEASE PAYABLE 10286 REFUNDABLE ADVANCES - FROM FEDERAL GOVERNMENT 83285 REFUNDABLE ADVANCES - OTHER 1008359 UNEARNED CONTRACT REVENUE 988751 2090681 X 21652196 2987667 -3700162 -712495 22364691 -3981 -3981 22360710 20116318 3981 3981 20112337 3753150 3753150 23865487 PART V, LINE 4: THE COLLEGE'S ENDOWMENT FUND CONSISTS OF APPROXIMATELY 65 INDIVIDUAL FUNDS ESTABLISHED FOR A VARIETY OF PURPOSES. IT INCLUDES BOTH DONOR-RESTRICTED ENDOWMENT FUNDS AND FUNDS DESIGNATED BY THE BOARD OF TRUSTEES TO FUNCTION AS ENDOWMENTS. THE COLLEGE HAS ADOPTED INVESTMENT AND SPENDING POLICIES FOR ENDOWMENT ASSETS THAT ATTEMPT TO PROVIDE A PREDICTABLE STREAM OF FUNDING TO PROGRAMS SUPPORTED BY ITS ENDOWMENT WHILE SEEKING TO MAINTAIN THE PURCHASING POWER OF THE ENDOWMENT ASSETS. PART X, LINE 2: THE COLLEGE ACCOUNTS FOR UNCERTAINTIES IN INCOME TAXES IN ACCORDANCE WITH AUTHORITATIVE GUIDANCE, WHICH PRESCRIBES A RECOGNITION THRESHOLD OF MORE LIKELY THAN NOT TO BE SUSTAINED UPON EXAMINATION BY THE APPROPRIATE TAXING AUTHORITY. MEASUREMENT OF THE TAX UNCERTAINTY OCCURS IF THE RECOGNITION THRESHOLD HAS BEEN MET. THE COLLEGE DOES NOT BELIEVE ITS FINANCIAL STATEMENTS INCLUDE ANY UNCERTAIN TAX POSITIONS. PART XI, LINE 2D - OTHER ADJUSTMENTS: FINANCIAL AID NETTED AGAINST REVENUE ON FINANCIALS -3,657,303. INVESTMENT EXPENSES NETTED AGAINST REVENUE ON FINANCIALS -95,847. CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS 56,913. CHANGE IN VALUATION OF CHARITABLE GIFT ANNUITY -3,925. PART XI, LINE 4B - OTHER ADJUSTMENTS: RENTAL EXPENSES -3,981. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES 3,981. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID NETTED AGAINST REVENUE ON FINANCIALS 3,657,303. INVESTMENT EXPENSES NETTED AGAINST REVENUE ON FINANCIALS 95,847. 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 RACIALLY NON-DISCRIMINATORY POLICY IS CLEARLY STATED IN ROSEMONT COLLEGE'S PUBLICATIONS AS WELL AS THEIR COURSE CATALOG AND REGISTRATION MATERIAL. SCHEDULE E, PART I, LINE 6 ROSEMONT RECEIVES A VARIETY OF FEDERAL AND STATE GRANTS, RELATED TO STUDENT AID OR PROGRAM SUBSISTENCE. X X X X X X X 1 PACESETTERS INC 759 ROBLE ROAD ALLENTOWN PA 18109 MANAGEMENT OF MAIL/EMAIL AND EXPERIENCE FUND SOLICITATIONS 0 1271841 39055 1232786 1271841 39055 1232786 PA 1 FINANCIAL ASSISTANCE & SCHOLARSHIPS 821 3657303 0 N/A N/A HEERF CARES ACT STUDENT GRANT 218 326571 0 N/A N/A ENDOWMENT SCHOLARSHIPS 124 363698 0 N/A N/A PART I, LINE 2: ALL STUDENTS APPLYING FOR FEDERAL FUNDS ARE REQUIRED TO SUBMIT THE FREE APPLICATION FOR FEDERAL STUDENT AID ("FAFSA"). THE OFFICE REVIEWS THE RESULTS OF THE FAFSA, WHICH DICTATES WHAT AND HOW MUCH FEDERAL FUNDING THE INDIVIDUAL STUDENT IS ELIGIBLE FOR. IF THE STUDENT IS DETERMINED TO BE IN COMPLIANCE WITH ALL FEDERAL REGULATIONS, AS DETERMINED BY THE DEPARTMENT OF EDUCATION, THE AID OFFICE AWARDS THE STUDENT THE APPROPRIATE FUNDING. STUDENT FILES REGARDING ELIGIBILITY ARE MAINTAINED BY THE STUDENT FINANCIAL AID OFFICE. X 1 1 X X X 0 0 0 0 0 0 0 0 0 SHARON L HIRSH UNTIL 52020 FORMER PRESIDENT 158990 0 0 0 15000 0 12292 0 5568 0 191850 0 0 0 LISA DOLLING UNTIL 92020 PROVOST 172493 0 0 0 0 0 17299 0 0 0 189792 0 0 0 JAYSON BOYERS PHD PRESIDENT 124616 0 0 0 36000 0 11766 0 15688 0 188070 0 0 0 RANDY L ELDRIDGEUNTIL 92020 VP FINANCE & ADMIN 172295 0 0 0 0 0 8820 0 256 0 181371 0 0 0 PART I, LINE 1A THE PRESIDENT RECEIVES A MONTHLY HOUSING ALLOWANCE AND IS REQUIRED TO RESIDE IN OR NEAR ROSEMONT, PA. THE ALLOWANCE IS INCLUDED IN THE PRESIDENT'S TAXABLE INCOME FOR THE YEAR. X 4 47282 CLOSING COST 0 1 1 PART I, COLUMN (B): THE NUMBER IN COLUMN (B) REPRESENTS THE TOTAL NUMBER OF CONTRIBUTORS. PART I, LINE 32B: STOCK DONATIONS ARE TRANSFERRED TO A STOCK DONATION ACCOUNT IN THE NAME OF THE COLLEGE. THE STOCKS ARE THEN SOLD AND THE PROCEEDS ARE TRANSFERRED TO THE COLLEGE'S CASH ACCOUNT. FORM 990, PART VI, SECTION A, LINE 1 THE EXECUTIVE COMMITTEE IS COMPRISED OF THE BOARD OFFICERS, THE CHAIRS OF THE BOARD'S STANDING COMMITTEES, AND THE PRESIDENT OF THE COLLEGE (EX-OFICIO). THE COMMITTEE MAY ACT FOR THE BOARD ON ALL MATTERS EXCEPT: HIRING OR TERMINATION OF THE PRESIDENT, CHANGE IN INSTITUTIONAL MISSION OR PURPOSE, OR CHANGE IN THE INSTITUTIONAL CHARTER OR ARTICLES OF INCORPORATION. FORM 990, PART VI, SECTION B, LINE 11B THE TAX FILING WAS PREPARED BY THE ORGANIZATION'S PUBLIC ACCOUNTING FIRM BASED ON INFORMATION PROVIDED BY THE FINANCE AREA. ONCE A DRAFT IS AVAILABLE, IT IS REVIEWED BY EXECUTIVE LEADERSHIP. BEFORE IT IS FINALIZED AND FILED WITH THE IRS, THE COMPLETE FORM 990 PUBLIC DISCLOSURE COPY WAS PROVIDED TO THE PRESIDENT AND MEMBERS OF THE BOARD OF TRUSTEES FOR THEIR REVIEW. FORM 990, PART VI, SECTION B, LINE 12C THE MEMBERS OF THE BOARD OF TRUSTEES ARE REQUIRED TO ANNUALLY DISCLOSE TO THE BOARD CHAIR ANY CONFLICTS OR POTENTIAL CONFLICTS OF INTEREST. FACULTY, ADMINISTRATION, AND STAFF ARE REQUIRED TO DISCLOSE ANY CONFLICTS OR POTENTIAL CONFLICTS OF INTEREST TO THEIR DEAN OR SUPERVISOR. VIOLATIONS OF THE POLICY ARE HANDLED IN ACCORDANCE WITH THE COLLEGE'S DOCUMENTED DISCIPLINARY PROCEDURES. THE PRESIDENT, PROVOST, AND VICE PRESIDENT FOR FINANCE AND ADMINISTRATION ARE JOINTLY RESPONSIBLE FOR MONITORING AND ENFORCING THE CONFLICT OF INTEREST POLICY. FORM 990, PART VI, SECTION B, LINE 15 TOP MANAGEMENT OFFICIAL AND ALL OFFICER POSITIONS ARE CLASSIFIED AND PAID ACCORDING TO A UNIFORM INTERNALLY-MAINTAINED SCHEDULE. BECAUSE OF BUDGET CONSTRAINTS, MOST ARE PAID BELOW NATIONAL SALARY AVERAGES OF COMPARATIVE RELIGIOUS COLLEGES/UNIVERSITIES ROSEMONT USES CUPA-HR DATA TO VALIDATE SALARY OFFERS TO ENSURE COMPENSATION DOES NOT EXCEED FMV. THIS PROCESS LAST UNDERTAKEN IN 2016. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS 56,913. CHANGE IN VALUATION OF CHARITABLE GIFT ANNUITY -3,925.