2022-05-03T16:19:39-05:00 2021-06-30 366055558 GRANT THORNTON LLP 1000 WILSON BLVD SUITE 1400 ARLINGTON VA 22209 990 2020-07-01 231352648 IMMACULATA UNIVERSITY IMMA 6106474400 1145 KING ROAD IMMACULATA PA 19345 BARBARA LETTIERE PRESIDENT 6106474400 2022-05-03 1 BARBARA LETTIERE XXX-XX-XXXX MARY TORRETTA P00847851 7038477500 3 AAL1 IAL1 2020 2022-09-23 18:48:47Z BARBARA LETTIERE 1145 KING ROAD IMMACULATA PA 19345 65559118 0 X WWW.IMMACULATA.EDU X 1946 PA SEE SCHEDULE O 23 23 988 26 0 0 4916481 8740750 43209428 42870280 1426887 948276 206119 126023 49758915 52685329 9918071 10842109 0 0 22134454 20383701 0 0 619145 17030718 15370574 49083243 46596384 675672 6088945 85601262 90984973 54434495 48738151 31166767 42246822 X SEE SCHEDULE O 0 0 31094839 10597646 39294668 TO EDUCATE AND PROVIDE RELATED SERVICES TO STUDENTS. IN THE FALL TERM OF ACADEMIC YEAR 2020/2021, THIS PROGRAM BENEFITTED 2,585 OF WHOM 894 WERE TRADITIONAL UNDERGRADUATE AND 971 GRADUATE STUDENTS. THIS PROGRAM ALSO CONTRIBUTED TOWARD THE GRADUATION OF 470 STUDENTS DURING ACADEMIC YEAR 2019/2020. 2519004 144991 2019424 TO PROVIDE LIVING QUARTERS FOR STUDENTS. IN THE FALL TERM OF ACADEMIC YEAR 2020/2021 ,THIS PROGRAM BENEFITTED 386 STUDENTS. 1920336 99472 1503101 TO PROVIDE MEALS TO STUDENTS. IN THE FALL OF 2020, THIS PROGRAM BENEFITTED 407 STUDENTS. 178512 DESCRIPTION AND REVENUE AMOUNTS:BOOKSTORE COMMISSION AND VENDING: $53,088FOOD SVCS - CATERING: $0IU CASH RECEIPTS: $7,692PARKING FEE/PERMITS: $23,745TRANSCRIPT INCOME: $17,439FORFEIT STUDENT DEPOSITS: $12,925ALL OTHER REVENUE : $63,623 178512 35534179 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 0 1 1 0 0 0 0 0 0 0 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 56 0 1 988 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 23 23 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 PA X BARBARA LETTIERE 4843233050 1145 KING RD IMMACULATA PA 19345 SISTER MARGARET ROSE ADAMS IHM TRUSTEE 2.00 0.00 X 0 0 0 PEGGY BEHM TRUSTEE 2.00 0.00 X 0 0 0 PHYLLIS BELLOPEDE TRUSTEE 2.00 0.00 X 0 0 0 SISTER ELAINE D BROOKES IHM TRUSTEE 2.00 0.00 X 0 0 0 NORMA C BROWN TRUSTEE 2.00 0.00 X 0 0 0 SISTER JOHN EVELYN DITROLIO IHM TRUSTEE 2.00 0.00 X 0 0 0 CINDY EGNOTOVICH TRUSTEE 2.00 0.00 X 0 0 0 KATHLEEN V GREATREX MD TRUSTEE 2.00 0.00 X 0 0 0 RALPH J HALL TRUSTEE 2.00 0.00 X 0 0 0 SISTER REGINA HAVENS IHM TRUSTEE 2.00 0.00 X 0 0 0 KATHLEEN JAMES TRUSTEE 2.00 0.00 X 0 0 0 PATRICIA A KNECHT PHD TRUSTEE 2.00 0.00 X 0 0 0 MARY LOU KRAMER TRUSTEE 2.00 0.00 X 0 0 0 SR MAUREEN L MCDERMOTT IHM TRUSTEE 2.00 0.00 X 0 0 0 SISTER PATRICIA MENGEL IHM TRUSTEE 2.00 0.00 X 0 0 0 ANTHONY J MONTAGNOLO TRUSTEE 2.00 0.00 X 0 0 0 SISTER JEANNINE MARY NORTON IHM TRUSTEE 2.00 0.00 X 0 0 0 THERESA M PAYTON TRUSTEE 2.00 0.00 X 0 0 0 SISTER JANET PURCELL IHM TRUSTEE 2.00 0.00 X 0 0 0 SISTER STEPHEN ANN RODERIGUEZ IHM TRUSTEE 2.00 0.00 X 0 0 0 SISTER MARY SMITH IHM TRUSTEE 2.00 0.00 X 0 0 0 SISTER MARY ELLEN TENNITY IHM TRUSTEE 2.00 0.00 X 0 0 0 MARY BETH WESTMORELAND TRUSTEE 2.00 0.00 X 0 0 0 BARBARA LETTIERE PRESIDENT 40.00 0.00 X 264783 0 17033 BRUCE FRIEDMAN VP FINANCE & ADMINISTRATION 40.00 0.00 X 200612 0 33191 PATRICIA CANTERINO VP FOR SD & UA 40.00 0.00 X 169539 0 13739 SUSAN ARNOLD VP OF ADVANCEMENT 40.00 0.00 X 184082 0 14683 ANGELA TEKELY VP ACADEMIC AFFAIRS 40.00 0.00 X 150028 0 33209 SISTER MARY HENRICH IHM VP FOR MISSION AND MINISTRY 40.00 0.00 X 0 0 0 BRYAN STEINBERG EXEC. DIR. OF INFORMATION TECH SERV. 40.00 0.00 X 140729 0 33333 KERRY JONES DIRECTOR, CAPITAL PROGRAM MANAGEMENT 40.00 0.00 X 141469 0 12882 JEAN SHINGLE DEAN 40.00 0.00 X 120689 0 25332 JEFFREY ROLLISON DIRECTOR OF LIBRARY 40.00 0.00 X 119306 0 11758 MELISSA REED FACULTY 40.00 X 111681 0 11841 JOSEPH CORABI FACULTY 40.00 X 115687 0 9791 JED YALOF DEAN 40.00 X 118361 0 4836 1836966 0 221628 22 0 1 0 PARKHURST DINING PO BOX 644091 PITTSBURGH PA 15264 CAMPUS SERVICES/ FACILITY MGMT 1614379 ELLUCIAN COMPANY 62578 COLLECTIONS CENTER DRIVE CHICAGO IL 60693 TECHNOLOGY SERVICES 1029705 SISTERS OF IMMACULATE HEART OF MARY 1 OUR LADY CIRCLE MALVERN PA 19355 STUDENT TEACHING 800631 CRABTREE ROHRBAUGH & ASSOCIATES 401 E WINDING HILL ROAD MECHANICSBURG PA 17055 ARCHITECTS 446162 WILLIS TOWERS WATSON NORTHEAST INC PO BOX 32090 NEW YORK NY 100872090 CONSULTING SERVICES 419550 22 6751575 1989175 8740750 TUITION / FEES 611710 39294667 39294667 RESIDENT HALLS 721310 2019424 2019424 STUDENT BOARD PLAN 611710 1503101 1503101 BOOKSTORE COMM. & VEND 451211 53088 53088 42870280 446450 446450 744 744 600 0 600 600 600 13374871 12873789 501082 501082 501082 PARKING FEE/PERMITS 812930 23745 23745 TRANSCRIPT INCOME 611710 17439 17439 FORFEIT STDNT DEPOSIT 611710 12925 12925 71314 70716 598 125423 52685329 42995705 0 948874 10842109 10842109 1836966 755263 897621 184082 15126724 12085202 2770675 270847 3449 2484 884 81 2127265 1378425 717305 31535 1289297 949551 307566 32180 74446 705 73081 660 94169 2115 92054 117850 4 117846 2198408 1543904 654504 728637 63483 661242 3912 2614378 1664352 857514 92512 2098960 2098960 20482 15044 2102 3336 1934418 1558949 375469 3639374 2932975 706399 412435 318695 93740 FEES FOR DINING SERVICE 1323081 1323081 EQUIP. RENTAL & MAINT. 113936 97838 16098 46596384 35534179 10443060 619145 3516365 4619562 0 0 1700545 687606 1436660 759837 533579 498897 547222 738696 136831419 85690253 53229493 51141166 24637398 32400605 0 138604 85601262 90984973 2135586 2022754 3348509 2536785 37024248 36326456 5349519 5150523 0 6576633 2701633 54434495 48738151 X 9028661 15957276 22138106 26289546 31166767 42246822 85601262 90984973 6088945 4991110 0 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 20961788 883848 5378845 500726 26723755 18532299 2135767 879716 585994 20961788 19677380 228060 1126859 2500000 18532299 18332331 421915 1423134 500000 19677380 16911661 436645 1862028 878003 18332331 0.34200 0.31300 0.34500 0 0 212719 212719 111007709 64140752 46866957 0 24257466 21549501 2707966 1353525 1353524 51141166 CONDITIONAL ASSET RETIREMENT 2326625 STUDENT DEPOSITS 375008 2701633 X 47590369 4991110 360299 5351409 42238960 117850 10328519 10446369 52685329 36510314 360299 360299 36150015 117850 10328519 10446369 46596384 PART V, LINE 4: INTENDED USE OF THE ENDOWMENT FUND: THE UNIVERSITY'S ENDOWMENT CONSISTS OF APPROXIMATELY 60 INDIVIDUAL FUNDS ESTABLISHED FOR A VARIETY OF PURPOSES. PART X, LINE 2: FIN 48 DISCLOSURE (ASC 740): THE UNIVERSITY IS QUALIFIED AS A NOT-FOR-PROFIT ORGANIZATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, AS AMENDED. ACCORDINGLY, THE UNIVERSITY IS NOT SUBJECT TO INCOME TAXES EXCEPT TO THE EXTENT IT HAS TAXABLE INCOME FROM ACTIVITIES THAT ARE NOT RELATED TO ITS EXEMPT PURPOSE. THE UNIVERSITY RECOGNIZES THE EFFECT OF INCOME TAX POSITIONS, IF ANY, ONLY IF THOSE POSITIONS ARE MORE LIKELY THAN NOT OF BEING SUSTAINED. NO PROVISION FOR INCOME TAXES WAS REQUIRED FOR FISCAL YEAR 2021 OR 2020. PART XI, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIP TUITION DISCOUNT 10,084,056. RESIDENT ASSISTANT DISCOUNTS 244,463. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIP TUITION DISCOUNTS 10,084,056. RESIDENT ASSISTANT DISCOUNT 244,463. 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 UNIVERSITY PROVIDES A STATEMENT IN ALL PUBLICATIONS REGARDING ITS NONDISCRIMINATORY POLICY, INCLUDING ON ITS WEBSITE. SCHEDULE E, PART I, LINE 6 EXPLANATION OF GOVERNMENT FINANCIAL AID: IMMACULATA RECEIVES GOVERNMENT FINANCIAL ASSISTANCE IN THE FORM OF FEDERAL AND STATE GRANTS. 1 SCHOLARSHIPS TO VARIOUS STUDENTS 1029 10328519 HEERF EMERGENCY STUDENT RELIEF 1993 513590 PART I, LINE 2: GRANTS ISSUED BY IMMACULATA UNIVERSITY ARE PRIMARILY IN THE FORM OF SCHOLARSHIP AND GRANTS AWARDED AS PART OF FINANCIAL AID. FINANCIAL AID GRANTS AWARDED TO STUDENTS ARE DIRECTLY APPLIED BY THE UNIVERSITY TO OFFSET BILLED AMOUNTS (I.E. TUITION) ON THE STUDENT'S ACCOUNT, THEREBY REDUCING THE NET BALANCE DUE TO THE UNIVERSITY. STUDENTS RECEIVING SCHOLARSHIPS ARE ASSESSED ON THE BASIS OF ACADEMIC ACHIEVEMENTS, FINANCIAL NEEDS AND SIMILAR STANDARDS. X X X 0 0 0 0 0 0 0 0 0 BARBARA LETTIERE PRESIDENT 262009 0 0 0 2774 0 8021 0 9012 0 281816 0 0 0 BRUCE FRIEDMAN VP FINANCE & ADMINISTRATION 200612 0 0 0 0 0 6125 0 27066 0 233803 0 0 0 SUSAN ARNOLD VP OF ADVANCEMENT 184082 0 0 0 0 0 5396 0 9287 0 198765 0 0 0 PATRICIA CANTERINO VP FOR SD & UA 169539 0 0 0 0 0 4958 0 8781 0 183278 0 0 0 ANGELA TEKELY VP ACADEMIC AFFAIRS 150028 0 0 0 0 0 4375 0 28834 0 183237 0 0 0 BRYAN STEINBERG EXEC. DIR. OF INFORMATION TECH SERV. 140729 0 0 0 0 0 4375 0 28958 0 174062 0 0 0 KERRY JONES DIRECTOR, CAPITAL PROGRAM MANAGEMENT 141469 0 0 0 0 0 4137 0 8745 0 154351 0 0 0 PART I, LINE 3 METHODS USED TO ESTABLISH COMPENSATION: DURING THE 2019-2020 FISCAL YEAR, THE COMPENSATION OF ALL OFFICERS OF THE UNIVERSITY WAS REVIEWED. THE SALARY DATA WAS BENCHMARKED USING CUPA SALARY FOR ADMINISTRATORS IN HIGHER EDUCATION AND WAS SET WITHIN THE CONSTRAINTS OF THE BOARD OF TRUSTEE'S APPROVED OPERATING BUDGET. THE FOLLOWING TRUSTEES OF IMMACULATA UNIVERSITY'S BOARD OF TRUSTEES ARE MEMBERS OF THE SISTERS, SERVANTS OF THE IMMACULATE HEART OF MARY RELIGIOUS CONGREGATION AND DO NOT RECEIVE COMPENSATION FOR THIS SERVICE IN KEEPING WITH THEIR STATED VOW OF POVERTY: SISTER MARGARET ROSE ADAMS, IHM SISTER MARIE ANSELM COOPER, IHM SISTER JOHN EVELYN DITROLIO, IHM SISTER ELAINE DECHANTAL BROOKES, IHM SISTER MAUREEN LAWRENCE MCDERMOTT, IHM SISTER REGINA HAVENS, IHM SISTER RITA JAMES MURPHY, IHM SISTER JEANNINE MARY NORTON, IHM SISTER JANET PURCELL, IHM SISTER STEPHEN ANNE RODERIGUEZ, IHM SISTER PATRICIA MENGEL, IHM SISTER MARY ELLEN TENNITY, IHM THE FOLLOWING OFFICERS OF IMMACULATA UNIVERSITY ARE MEMBERS OF THE SISTERS, SERVANTS OF THE IMMACULATE HEART OF MARY RELIGIOUS CONGREGATION AND DO NOT RECEIVE COMPENSATION FOR THIS SERVICE IN KEEPING WITH THEIR STATED VOW OF POVERTY: SISTER MARY HENRICH, IHM - VP FOR MISSION AND MINISTRY SISTER MONICA SICILIA, IHM - VP OF MARKETING AND COMMUNICATIONS A CHESTER COUNTY HEALTH & ED FACILITIES AU 232265260 165579ET6 2013-12-16 5700000 CAMPUS RENOVATIONS AND UPGRADES 1 0 0 B CHESTER COUNTY HEALTH & ED FACILITIES AU 232265260 2017-10-31 39012610 CURRENT REFUNDING SERIES 2010 AND 0 0 0 A 5700000 5700000 570000 319000 114000 4697000 2014 0 0 1 1 B 39012610 2520000 7437414 567282 28487914 2017 1 1 1 1 A 0 0 0 0 0 0 1 B 0 0 0 0 0 0 1 A 0 0 1 0 0 0 0 0 1 B 0 1 0 1 0 0 0 0 1 A 1 B 1 DATE REBATE COMPUTATION PERFORMED ISSUER NAME: CHESTER COUNTY HEALTH & ED FACILITIES AU DATE THE REBATE COMPUTATION WAS PERFORMED: 01/11/2021 SCHEDULE K, PART IV, COLUMN B, LINE 2C: THE DATE THE REBATE COMPUTATION WAS PERFORMED: 12/17/2019 FORM 990, PART I, LINE 1 IMMACULATA UNIVERSITY (THE UNIVERSITY) OFFERS UNDERGRADUATE AND GRADUATE PROGRAMS DIRECTED TOWARD THE LIBERAL ARTS AND PROFESSIONAL EDUCATION. FORM 990, PART III, LINE 1 THE UNIVERSITY IS A CATHOLIC INSTITUTION OF HIGHER EDUCATION FOUNDED IN 1920 BY THE SISTERS, SERVANTS OF THE IMMACULATE HEART OF MARY (THE CONGREGATION). THE UNIVERSITY OFFERS UNDERGRADUATE AND GRADUATE PROGRAMS TO MEN AND WOMEN DIRECTED PRIMARILY TOWARD LIBERAL ARTS AND PROFESSIONAL EDUCATION. THE UNIVERSITY OFFERS COURSES IN ONLINE INSTRUCTION IN ADDITION TO ON CAMPUS AND OFF SITE GRADUATE AND UNDERGRADUATE PROGRAMS. THE UNIVERSITY IS COMMITTED TO SCHOLARSHIP AND THE FORMATION OF THE WHOLE PERSON FOR LEADERSHIP AND SERVICE AND THE EMPOWERMENT OF ALL MEMBERS OF THE COMMUNITY TO SEEK TRUTH, PROMOTE JUSTICE, FOSTER PEACE AND ENGAGE IN DIALOGUE BETWEEN FAITH AND CULTURE. FORM 990, PART VI, SECTION B, LINE 11B REVIEW PROCESS OF FORM 990: AN INDEPENDENT TAX PREPARATION FIRM IS ENGAGED TO ASSIST IN COMPILING FORM 990 WITH DATA PROVIDED FROM THE BUSINESS OFFICE. UNIVERSITY MANAGEMENT REVIEWS THE FORM 990 FOR COMPLETENESS AND ACCURACY. PRIOR TO FILING, MANAGEMENT PRESENTS THE FORM 990 TO THE AUDIT COMMITTEE OF THE BOARD OF TRUSTEES. FORM 990 IS REVIEWED AND SIGNED BY THE PRESIDENT. FORM 990, PART VI, SECTION B, LINE 12C CONFLICT OF INTEREST POLICY: THE BOARD OF TRUSTEES AND OFFICERS ARE REQUIRED TO COMPLETE AN ANNUAL CONFLICT OF INTEREST STATEMENT AND SUBMIT SUCH STATEMENT TO THE UNIVERSITY PRESIDENT. THE PRESIDENT REVIEWS THOSE STATEMENTS FOR POTENTIAL CONFLICTS. THE DISCLOSURE STATEMENT ALSO REQUIRES ALL MEMBERS TO NOTIFY THE UNIVERSITY PRESIDENT PROMPTLY OF ANY ACTUAL, APPARENT, OR POTENTIAL CONFLICT OF INTEREST AS IT ARISES, SO THAT IT CAN BE ADDRESSED IMMEDIATELY. SHOULD THERE BE A CONFLICT OF INTEREST ANY AFFECTED TRUSTEE OR OFFICER SHALL REFRAIN FROM ANY CONSIDERATION OF, OR ACTION UPON, THE TRANSACTION OR PROPOSED TRANSACTION. FORM 990, PART VI, SECTION B, LINE 15 PROCESS FOR DETERMINING COMPENSATION OF THE PRESIDENT: THE PRESIDENT'S COMPENSATION WAS BENCHMARKED BY THE SEARCH FIRM USED TO ASSIST IN THE HIRING PROCESS OF THE PRESIDENT. THE COMPENSATION COMMITTEE OF THE BOARD APPROVED THE SALARY RANGE, THE CHAIR OF THE BOARD APPROVED THE COMPENSATION, AND A REPRESENTATIVE FROM THE BOARD OF TRUSTEES INFORMED FINAL CANDIDATES OF THE SALARY RANGE DURING THE FINAL INTERVIEW STAGE. LINE 15B: PROCESS FOR DETERMINING COMPENSATION OF OFFICERS & KEY EMPLOYEES: DURING THE 2020-2021FISCAL YEAR, THE COMPENSATION OF ALL OFFICERS OF THE UNIVERSITY WAS REVIEWED. THE SALARY DATA WAS BENCHMARKED USING CUPA SALARY FOR ADMINISTRATORS IN HIGHER EDUCATION AND WAS SET WITHIN THE CONSTRAINTS OF THE BOARD OF TRUSTEE'S APPROVED OPERATING BUDGET. FORM 990, PART VI, SECTION C, LINE 19 PUBLIC AVAILABILITY OF GOVERNING DOCUMENTS, COI POLICY, AND FINANCIALS: THE UNIVERSITY'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. SISTERS SERVANTS OF IHM VILLA MARIA GENERALATE 1140 KING RO IMMACULATA PA 19345 231352569 RELIGIOUS PA 501(C)(3) LINE 2 N/A 0 ENSERV INC PO BOX 665 IMMACULATA PA 19345 232731906 WATER TREATMENT PA 501(C)(3) LINE 2 IMMACULATA 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1