2022-04-13T10:07:07-05:00 2021-05-31 410746749 CLIFTONLARSONALLEN LLP 610 W GERMANTOWN PIKE SUITE 400 PLYMOUTH MEETING PA 19462 990 2020-06-01 231352654 LA SALLE UNIVERSITY LASA 2159511000 1900 WEST OLNEY AVENUE PHILADELPHIA PA 19141 LYNDA BUZZARD VP FINANCE & ADMINISTRATION 2159511000 2022-04-12 1 LYNDA BUZZARD XXX-XX-XXXX CONNIE M LIRA P00481097 2156433900 2022-04-12 3 AAL1 IAL1 2020 2022-09-23 18:48:47Z LYNDA BUZZARD 1900 WEST OLNEY AVENUE PHILADELPHIA PA 19141 164115374 0 X WWW.LASALLE.EDU X 1863 PA PROVIDING A HIGHER EDUCATION IN GENERAL AND SPECIALIZED STUDIES 36 34 1478 35 57297 0 13589856 18637736 132479906 117168989 6063751 5546081 3942062 2214364 156075575 143567170 49125247 42889450 0 0 66720449 58926298 0 0 1688639 42111748 38308373 157957444 140124121 -1881869 3443049 273667540 288689246 161132540 160291982 112535000 128397264 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 91748537 42889450 111926481 INSTRUCTION - THE UNIVERSITY PROVIDED EDUCATION TO 4,624 AND 4,488 ENROLLED STUDENTS IN UNDERGRADUATE, GRADUATE AND DOCTORAL PROGRAMS IN THE FALL AND SPRING SEMESTERS RESPECTIVELY. 17940508 0 1263095 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. 7144686 0 3979413 AUXILIARY ENTERPRISES - THE UNIVERSITY PROVIDED HOUSING, BOOKSTORE AND DINING SERVICES. THE UNIVERSITY PROVIDED ROOMS TO 823 STUDENTS AND MEALS TO 1,614 STUDENTS PER SEMESTER. 116833731 1 0 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 7548 0 1478 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 36 34 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 PA X LYNDA BUZZARD 2159913748 1900 WEST OLNEY AVENUE PHILADELPHIA PA 19141 COLLEEN M HANYCZ PHD PRESIDENT 40.00 0.00 X X 715695 0 107454 ASHLEY HOWARD HEAD COACH MEN'S BASKETBALL 40.00 0.00 X 508690 0 23384 STEPHANIE PRICKEN VP FINANCE & ADMIN, TREASURER 40.00 0.00 X 358997 0 26949 KEVIN DOLAN VP STRATEGY, GENERAL COUNSEL 40.00 0.00 X 340542 0 15336 JOHN GIANINI FORMER HIGHEST COMPENSATED EMPLOYEE 40.00 0.00 X 259644 0 421 DAWN SOUFLERIS VP, ENROLLMENT & STUDENT AFFAIRS 40.00 0.00 X 252141 0 6407 BRIAN BAPTISTE ATHLETIC DIRECTOR 40.00 0.00 X 227499 0 16730 MADJID TAVANA PROFESSOR 40.00 0.00 X 221213 0 10015 MOUNTAIN MACGILLIVRAY HEAD COACH WOMEN'S BASKETBALL 40.00 0.00 X 199912 0 16780 KARL J HORVATH CHIEF INFORMATION OFFICER 40.00 0.00 X 153963 0 60028 DANIEL JOYCE VP UNIVERSITY ADVANCEMENT 40.00 0.00 X 166650 0 17599 CATHLEEN PARSONS-NIKOLIC VP UNIV. ADVANCEMENT TO JUL 2020 40.00 0.00 X 169215 0 5111 SEAN L CORGAN ESQ VP GENERAL COUNSEL, SECRETARY 40.00 0.00 X 153013 0 10019 EDWARD J SHEEHY FSC PHD VICE PRESIDENT 40.00 0.00 X X 93080 0 8834 WILLIAM W MATTHEWS III ESQ CHAIR 1.00 0.00 X X 0 0 0 MARGARET A KANE VICE CHAIR 1.00 0.00 X 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 PHILLIP WJ FISHER INDIVIDUAL TRUSTEE 1.00 0.00 X 0 0 0 AMYLYNN V FLOOD CPA 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 ED D 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 ANTHONY J NOCELLA 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 OHERN FSC INDIVIDUAL TRUSTEE 1.00 0.00 X 0 0 0 ELAINE PANG 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 JUDITH SPIRES INDIVIDUAL TRUSTEE 1.00 0.00 X 0 0 0 EILEEN THANNER INDIVIDUAL TRUSTEE 1.00 0.00 X 0 0 0 STEPHEN T ZARRILLI INDIVIDUAL TRUSTEE 1.00 0.00 X 0 0 0 MARK A LAFOND INDIVIDUAL TRUSTEE TO MAR 2021 1.00 0.00 X 0 0 0 3820254 0 325067 117 1 1 0 ACADEMIC PARTNERSHIPS LLC 700 N PEARL STREET DALLAS TX 75201 ONLINE MARKETING SERVICES 2393973 UNITED STATES ROOFING CORPORATION 910 E MAIN STREET NORRISTOWN PA 19401 ROOFING SERVICES 960931 INTERSTATE BUILDING MAINTENANCE CORPORAT 508 PRUDENTIAL ROAD HORSHAM PA 19044 JANITORIAL SERVICES 860977 SECURITAS SECURITY SERVICES USA INC 123 S BROAD STREET PHILADELPHIA PA 19109 SECURITY SERVICES 748816 AB&C PHILADELPHIA LLC 1429 WALNUT STREET PHILADELPHIA PA 19102 MARKETING SERVICES 592387 37 359381 10458303 7820052 1223950 18637736 TUITION AND FEES 900099 111926481 111926481 RESIDENCE HALLS 900099 3822807 3822807 ACADEMIC RELATED REVENUE 900099 1263095 1263095 CAMPUS STORE 900099 156606 156606 117168989 2786409 8207 2778202 16157 16157 1132600 526640 605960 605960 605960 20359776 2302875 19179344 723635 1180432 1579240 2759672 2759672 174613 359381 118585 56028 56028 ADMINISTRATIVE AND OTHER REVENUE 900099 1536219 49090 1487129 1536219 143567170 117168989 57297 7703148 42889450 42889450 2437792 258548 1999955 179289 45899772 38423487 6411110 1065175 169850 153995 13477 2378 6728196 5531811 1028633 167752 3690688 2964537 631631 94520 57603 8184 49419 95598 95598 262526 262526 3605254 2304404 1278295 22555 1051959 284666 736306 30987 2241561 1601713 573996 65852 2897996 2565319 274433 58244 2761235 2690921 70314 903050 805967 95695 1388 133934 125027 8907 5593032 5085896 507136 7665327 6991771 673556 1899597 557334 1342263 REPAIRS AND MAINTENANCE 1703899 1653252 50647 BAD DEBT EXPENSE 1208380 1208380 EQUIPMENT RENTAL 1149593 721276 428317 BOOKS AND SUBSCRIPTIONS 779168 773486 5183 499 4298661 442687 3855974 140124121 116833731 21601751 1688639 9314 11655 17563982 20679765 3557730 3191878 5128200 5186593 3612917 2695918 58176 45907 1741543 2083340 308957940 162867247 151580214 146090693 82370362 100602824 2650062 2465002 5395040 5635671 273667540 288689246 8464200 9077997 8033700 7484505 130095823 128653930 1814838 12723979 15075550 161132540 160291982 X 61002359 63406167 51532641 64991097 112535000 128397264 273667540 288689246 3443049 12419215 0 X 0 1 X 1 1 1 X 13720531 11645875 7526733 13589856 18637736 65120731 13720531 11645875 7526733 13589856 18637736 65120731 65120731 3194181 3644521 3814250 6774465 3926959 21354376 105912 56685 43198 56028 261823 4684511 2682015 3166546 3178522 1487129 15198723 101935653 692150212 0.63880 0.59100 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: ADMINISTRATIVE OTHER REVENUE - 2016 AMOUNT: $ 4,684,511. 2017 AMOUNT: $ 2,682,015. 2018 AMOUNT: $ 3,166,546. 2019 AMOUNT: $ 3,178,522. 2020 AMOUNT: $ 1,487,129. 7950 4398770 X X 0 80002231 813222 15818915 994360 95640008 80311293 1260569 5533488 7103119 80002231 85073509 911232 1520385 837711 6356122 80311293 85131784 1423512 5267733 1070193 5679327 85073509 81634257 1408594 8865113 1106130 5670050 85131784 0.41601 0.58399 0.00000 0 0 18297933 18297933 240309659 129124276 111185383 15427041 12036329 3390712 30272682 17314193 12958489 4650625 4392449 258176 146090693 OTHER LIABILITIES 11286991 ADVANCES FROM FEDERAL GOVERNMENT AND STUDENT LOANS 3788559 15075550 X 116327623 12419215 35539 12454754 103872869 262526 39431775 39694301 143567170 100465359 35539 645225 680764 99784595 262526 40077000 40339526 140124121 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 155 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 NON-PROFIT ORGANIZATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. 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, 2021 AND 2020, 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 40,077,000. DIRECT RENTAL EXPENSES -526,640. DIRECT FUNDRAISING EVENT EXPENSES -118,585. PART XII, LINE 2D - OTHER ADJUSTMENTS: DIRECT RENTAL EXPENSES 526,640. DIRECT FUNDRAISING EVENT EXPENSES 118,585. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 40,077,000. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 LA SALLE UNIVERSITY INCLUDES THIS POLICY IN ALL DOCUMENTS, INCLUDING RESEARCH MATERIALS AND ITS WEBSITE. 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 149904 0 0 0 0 0 0 149904 0 149904 1 0 1 1 1 0 PART I, LINE 3: ACCRUAL PART III ACCOUNTING METHOD: PART IV, LINE 3: AS PART OF THE UNIVERSITY'S INVESTMENT PORTFOLIO THERE ARE 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. PRESIDENT'S CUP GOLF OUTING 355137 208131 147006 5157 48782 12668 RAFTERY GOLF OUTING 142155 115425 26730 21948 212 1157 2 36702 35825 877 28661 533994 359381 174613 55766 48994 13825 118585 56028 1 MERIT SCHOLARSHIPS & NEED-BASED 2862 40077000 0 CARES ACT STUDENT EMERGENCY GRANT 3244 2812450 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 0 X X X X X 1 0 0 0 0 0 0 1 0 COLLEEN M HANYCZ PHD PRESIDENT 679098 0 36000 0 597 0 5700 0 101754 0 823149 0 0 0 ASHLEY HOWARD HEAD COACH MEN'S BASKETBALL 496736 0 0 0 11954 0 5700 0 17684 0 532074 0 0 0 STEPHANIE PRICKEN VP FINANCE & ADMIN, TREASURER 358997 0 0 0 0 0 4571 0 22378 0 385946 0 0 0 KEVIN DOLAN VP STRATEGY, GENERAL COUNSEL 340542 0 0 0 0 0 4115 0 11221 0 355878 0 0 0 JOHN GIANINI FORMER HIGHEST COMPENSATED EMPLOYEE 22762 0 0 0 236882 0 0 0 421 0 260065 0 0 0 DAWN SOUFLERIS VP, ENROLLMENT & STUDENT AFFAIRS 252141 0 0 0 0 0 2569 0 3838 0 258548 0 0 0 BRIAN BAPTISTE ATHLETIC DIRECTOR 227499 0 0 0 0 0 0 0 16730 0 244229 0 0 0 MADJID TAVANA PROFESSOR 221213 0 0 0 0 0 1635 0 8380 0 231228 0 0 0 MOUNTAIN MACGILLIVRAY HEAD COACH WOMEN'S BASKETBALL 199912 0 0 0 0 0 854 0 15926 0 216692 0 0 0 KARL J HORVATH CHIEF INFORMATION OFFICER 142469 0 0 0 11494 0 2607 0 57421 0 213991 0 0 0 DANIEL JOYCE VP UNIVERSITY ADVANCEMENT 166650 0 0 0 0 0 1828 0 15771 0 184249 0 0 0 CATHLEEN PARSONS-NIKOLIC VP UNIV. ADVANCEMENT TO JUL 2020 169215 0 0 0 0 0 3399 0 1712 0 174326 0 0 0 SEAN L CORGAN ESQ VP GENERAL COUNSEL, SECRETARY 153013 0 0 0 0 0 1960 0 8059 0 163032 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. PART I, LINE 4A JOHN GIANINI RECEIVED A SEVERANCE PAYMENT OF $236,882 IN REPORTABLE COMPENSATION AND $421 IN NON-TAXABLE BENEFITS IN CALENDAR YEAR 2020. KARL J. HORVATH RECEIVED A SEVERANCE PAYMENT OF $11,494 IN REPORTABLE COMPENSATION IN CALENDAR YEAR 2020. PART I, LINE 7 THE PRESIDENT OF THE UNIVERSITY RECEIVED A $36,000 BONUS WHICH WAS INCLUDED IN HER 2020 CALENDAR YEAR TAXABLE COMPENSATION. THE BONUS WAS BASED ON PERFORMANCE ESTABLISHED IN AN EMPLOYMENT CONTRACT AND NOT RELATED TO REVENUE OR EARNINGS OF THE UNIVERSITY. WHILE THE FINAL AMOUNT OF THE BONUS IS UP TO THE DISCRETION OF THE BOARD, ALL THE PRESIDENT'S COMPENSATION INCLUDING THE BONUS IS EVALUATED FOR REASONABLENESS AND TIMELY DOCUMENTED AS DESCRIBED IN DETAIL ON SCH. O. 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 12870000 8020431 102024659 1320189 22859478 77844992 2017 1 1 1 1 B 43878079 8020431 564030 5508905 29784713 2019 1 1 1 1 A 0 1 0 0 0.02000 0.09600 0.11600 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 3 7950 FMV X 20 1165386 FMV X AUCTION ITEMS 47 50614 FMV 1 0 1 0 PART I, COLUMN (B): FOR LINE 9, THE NUMBER OF CONTRIBUTORS IS REPORTED. FOR LINES 1 AND 25, THE NUMBER OF ITEMS CONTRIBUTED IS REPORTED. FORM 990, PART VI, SECTION A, LINE 1 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 PRESENTED 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 COMMENCED 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