2022-05-13T14:51:00-07:00 2021-06-30 990 2020-07-01 381360586 UNIVERSITY OF DETROIT MERCY UNIV 3139931000 4001 W McNichols Rd Detroit MI 482213038 Thomas Manceor Chief Financial Officer 3139931508 2021-05-17 1 11 1 AAL2 2020 2022-09-23 18:48:47Z Thomas Manceor 4001 W McNichols Road Detroit MI 48221 187450599 0 0928 X www.udmercy.edu X 1881 MI The University of Detroit Mercy, a Catholic university in the Jesuit and Mercy traditions, exists to provide excellent student-centered undergraduate and graduate education in an urban context. A UDM education seeks to integrate the intellectual spiritual, ethical and social development of students. 33 32 2343 300 0 0 28087144 28465862 143424707 140051409 3502243 3313437 0 0 175014094 171830708 8498574 8110300 0 0 104064274 100599560 27200 26450 4266861 51807805 51788431 164397853 160524741 10616241 11305967 253938690 289746215 93930425 99873819 160008265 189872396 Detroit Mercy, a Catholic university in the Jesuit and Mercy traditions, exists to provide excellent student-centered undergraduate and graduate education in an urban context. A UDM education seeks to integrate the intellectual, spiritual, ethical and social development of students. 0 0 96830412 8110300 134693252 Delivered educational programs to approximately 2,450 undergraduate and 1,171 graduate students in five colleges and 1,183 professional students in the Dental and Law schools; provided research activities and public service programs and academic support services including three libraries, IT communications, computing and web services, scientific and medical labs, and two dental clinics. 9910051 0 5358407 Provided higher education auxiliary services including housing and food services to approximately 342 resident students and food services to commuter students, faculty and staff; and an NCAA division I athletic program that is known for high academic achievement and excellent graduation rates. 13794248 0 0 Provided students services and campus activities that aid students in the successful accomplishment of a college degree, including registration, advising, financial aid, co-op education and student life activities such as sports, student clubs, speaker programs and social events. 0 0 0 120534711 1 1 0 1 0 0 0 0 0 1 1 0 0 0 1 0 1 0 1 0 0 0 0 1 0 0 0 0 1 1 1 0 0 0 0 0 0 1 0 0 0 1 0 0 0 1 0 0 0 0 1 453 0 1 2343 1 0 0 0 0 0 1 1 0 1 1 0 0 0 X 33 32 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 MI X Thomas Manceor 3139931508 4001 W McNichols Rd Detroit MI 482213038 Antoine M Garibaldi PhD President 40 0 X X 645049 0 38674 Michael Davis Head Coach - Men BB 40 0 X 593731 0 44857 Pamela Zarkowski VP 40 0 X 394645 0 37174 Mert N Aksu Dean 40 0 X 367523 0 37798 Thomas Manceor VP Business and Finance 40 0 X 336917 0 31731 Ahmad Maalhagh-Fard Assoc Professor 40 0 X 260637 0 38050 Joseph G Eisenhauer Dean 40 0 X 254636 0 35927 Dincer C Gurun Clinical Assoc Professor 40 0 X 235899 0 39465 Arnold D'Ambrosio VP 40 0 X 235276 0 36173 Phyllis Crocker Former Dean 40 0 X 229940 0 34436 Omid Sabbaghi Associate Professor 40 0 X 222383 0 39160 Neal Rosenburg Former Dean 40 0 X X 234148 0 25224 Mark E Denham Dean 40 0 X 222075 0 36858 Robert C Vowels Athletic Director 40 0 X 223817 0 34693 Deborah C Stieffel VP 40 0 X 207116 0 35167 Janet Baiard Dean 40 0 X 195253 0 32521 Katherine Snyder Dean 40 0 X 195432 0 30380 Daniel Pitera Dean 40 0 X 174424 0 36121 Anthony Neely Associate Professor 40 0 X 184957 0 22275 Monica M Barbour Secretary 40 0 X 153174 0 31589 William Wittig Professor (Former Dean) 40 0 X 133591 0 36005 Jelani Jefferson Exum Dean 40 0 X 139164 0 20109 John D Lewis Trustee 1 0 X 0 0 0 Thomas P Capo Trustee 1 0 X 0 0 0 Brian Cloyd Trustee 1 0 X 0 0 0 Michael E Debs Trustee 1 0 X 0 0 0 Mary Ann Dillion RSM PhD Trustee 1 0 X 0 0 0 Eugene A Gargaro Jr Trustee 1 0 X 0 0 0 Sr Michelle Gorman RMS Trustee 1 0 X 0 0 0 James P Holland Trustee 1 0 X 0 0 0 Elizabeth A Linehan RSM PhD Trustee 1 0 X 0 0 0 Michael T McNamara Chairman of the Board 1 0 X 0 0 0 Denise Langford Morris Trustee 1 0 X 0 0 0 Sean P Moran Trustee 1 0 X 0 0 0 Rev Theodore Muntz Trustee 1 0 X 0 0 0 Rosberto McGinnis Trustee 1 0 X 0 0 0 Nancy A Susick MSN RN Trustee 1 0 X 0 0 0 Andrew J Thon SJ PhD Trustee 1 0 X 0 0 0 Angelo V Vitale Vice Chairman of the Board 1 0 X 0 0 0 Sr Michele T Aronica RSM PhD Trustee 1 0 X 0 0 0 Mary Fisher Trustee 1 0 X 0 0 0 Emil Brolick Trustee 1 0 X 0 0 0 Joseph G Mueller SJ STD Trustee 1 0 X 0 0 0 Eric J Stanczak Jr Trustee 1 0 X 0 0 0 Michael J Brenner Trustee 1 0 X 0 0 0 Ronald V Fournier Trustee 1 0 X 0 0 0 Georgette Morrow Trustee 1 0 X 0 0 0 Saad Nadhir Trustee 1 0 X 0 0 0 Rev Brian F Linnane Trustee 1 0 X 0 0 0 Jeffrey J Bourgoin Trustee 1 0 X 0 0 0 Sr Judith A Carey RSM PhD Trustee 1 0 X 0 0 0 Michael A Carter Sr Trustee 1 0 X 0 0 0 Meredith R Harper Trustee 1 0 X 0 0 0 Nancy E Hazely Trustee 1 0 X 0 0 0 Rev J Thomas McClain SJ Trustee 1 0 X 0 0 0 5839787 0 754387 307 1 1 0 Metz Culinary Management 2 Woodland Dr Dallas PA 186129159 Meal and Catering Services 1917644 Fairview Construction Services LLC 28339 Beck Rd Ste F1 Wixom MI 483934753 Construction services 786429 Butzel Long 150 W Jefferson Ste 100 Detroit MI 482264330 Lawyers 332748 VHS of Michigan MOB First Independence Bank PO Box 33461 Detroit MI 482325461 Rent - Lease for Dental Clinic Space 324945 Outfront Media 185 US Highway 46 Fairfield NJ 070042321 Advertising 283235 21 0 0 0 0 17335704 11130158 0 28465862 Tuition (including other Departmental) 611310 134693002 134693002 0 0 Auxiliary Enterprises 611710 5358407 5358407 0 0 0 0 0 0 140051409 2355480 2355480 0 0 0 0 0 0 0 0 0 0 0 0 16577848 0 15619891 0 957957 0 957957 957957 0 0 0 0 171830708 143364846 0 0 0 0 8110300 8110300 0 0 0 0 4972954 2163035 2475562 334357 0 0 0 0 74244949 64607249 7949803 1687897 19266463 8380136 9590944 1295383 -3718827 -1617540 -1851251 -250036 5834021 2537564 2904206 392251 0 0 0 0 841744 14196 827548 0 158462 0 158462 0 113635 0 113635 0 26450 26450 221078 0 221078 0 14505054 10170054 4231431 103569 1377636 261698 1099935 16003 8621413 7716746 684143 220524 2496193 2116735 241170 138288 0 0 0 0 4887244 1518903 3365647 2694 728059 666663 57154 4242 0 0 0 0 270263 175464 71009 23790 1641811 1383831 216068 41912 0 0 0 0 8411063 7089421 1106927 214715 1586598 1186417 400181 0 Small Tools and Equipment 278450 163851 114599 0 Bad Debt and Collections 1977042 479961 1497081 0 Dues and Memberships 665978 403319 247837 14822 Grants and Related Student Stipends 3006708 3006708 0 0 0 0 0 0 160524741 120534711 35723169 4266861 0 0 36412024 40545662 4169095 4572202 9497867 10137209 0 0 0 0 0 0 0 662679 757124 277388496 152487097 114740643 124901399 71969016 92370705 2225173 2554308 14262193 13907606 0 0 0 0 253938690 289746215 19137135 23164190 0 0 9034022 10399075 36539672 40220390 0 0 0 0 0 0 0 0 29219596 26090164 93930425 99873819 X 89150349 101805517 70857916 88066879 160008265 189872396 253938690 289746215 X 11305967 15847907 0 0 -69 2710326 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 113635 113635 160411356 160524991 1000000 250000 0 0 1000000 1000000 1000000 1000000 4000000 6000000 105201 78935 111342 113635 409113 250000 250000 250000 250000 1000000 1500000 0 0 0 0 0 73848701 3590283 18401688 1917870 -41619 0 93964421 69415105 4892016 1431516 1889936 0 0 73848701 63253433 4211000 3363000 1412000 0 0 69415433 50004277 11401156 3351000 1503000 0 0 63253433 43455726 2140444 5625004 1216897 0 0 50004277 0.1533 0.2877 0.559 0 0 0 7974175 7974175 0 180323158 94210956 86112202 0 0 0 0 0 42945108 34881602 8063506 0 46146055 23394539 22751516 124901399 0 Accrued postretirement benefits 6641157 Federal student loans 13957503 Fair value of interest rate SWAP agreement 5491504 26090164 179347237 15847907 0 0 -8110300 7737607 171609630 221078 0 221078 171830708 152193363 0 0 0 0 0 152193363 221078 8110300 8331378 160524741 Schedule D, Part V, Line 4 Income from endowments is predominately intended for scholarships and program support. Schedule D, Part XI, Line 2d Funded scholarships of $8,110,300 netted against revenue in the financial statements; but included in the expenses of the 990. Schedule D, Part XII, Line 4b Funded scholarships of $8,110,300 netted against revenue in the financial statements, but included in expenses in the 990. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 Schedule E, Part I, Line 3 Detroit Mercy's racially non-discriminatory policy is publicized by advertisements in newspapers, on billboards, on television and on radio stations that are specifically targeted to reach a diverse racial and cultural population in the city of Detroit and its near suburbs. Schedule E, Part I, Line 6 Detroit Mercy receives various Federal and State grants for scholarships, research support and other program activities. X X X X X X 1 The Stockade Consulting Group Inc DBA Shift Marketing 650 Franklin Street Suite 503 Schenectady NY 123052169 Phone solicitation of gifts. 0 63705 26450 37255 63705 26450 37255 1 Federal SEOG 1117 1869040 0 MI Tuition 804 2181797 0 Detroit Mercy Expandable 564 959210 0 Detroit Mercy Endowment 768 1568577 0 Other MI State Grants 342 737419 0 Other Federal Grants 3772 788333 0 Various DM Departmental 44 5924 Schedule I, Part I, Line 2 All grants are issued through UDM Financial Aid office. The FA counselors communicate with students and monitor students' status and educational programs. X X 1 1 X X X X X 0 0 0 0 0 0 0 0 0 Antoine M Garibaldi PhD President 553049 0 92000 0 0 0 17000 0 21674 0 683723 0 0 0 Pamela Zarkowski VP 394646 0 0 0 0 0 17000 0 20174 0 431820 0 0 0 Thomas Manceor VP Business and Finance 336917 0 0 0 0 0 17000 0 14731 0 368648 0 0 0 Arnold D'Ambrosio VP 227176 0 0 0 8100 0 13890 0 22283 0 271449 0 0 0 Monica M Barbour Secretary 153174 0 0 0 0 0 9616 0 21974 0 184764 0 0 0 Deborah C Stieffel VP 207116 0 0 0 0 0 12873 0 22294 0 242283 0 0 0 Mert N Aksu Dean 367523 0 0 0 0 0 17000 0 20798 0 405321 0 0 0 Joseph G Eisenhauer Dean 254636 0 0 0 0 0 15663 0 20294 0 290593 0 0 0 Mark E Denham Dean 222075 0 0 0 0 0 13814 0 23044 0 258933 0 0 0 Katherine Snyder Dean 195432 0 0 0 0 0 11815 0 18565 0 225812 0 0 0 Janet Baiard Dean 195253 0 0 0 0 0 13168 0 19353 0 227774 0 0 0 Jelani Jefferson Exum Dean 139164 0 0 0 0 0 0 0 20109 0 159273 0 0 0 Daniel Pitera Dean 174424 0 0 0 0 0 10904 0 25217 0 210545 0 0 0 Michael Davis Head Coach - Men BB 585631 0 0 0 8100 0 17000 0 27856 0 638587 0 0 0 Ahmad Maalhagh-Fard Assoc Professor 260637 0 0 0 0 0 15889 0 22162 0 298688 0 0 0 Dincer C Gurun Clinical Assoc Professor 229168 0 6731 0 0 0 14197 0 25268 0 275364 0 0 0 Neal Rosenburg Former Dean 234148 0 0 0 0 0 17027 0 8196 0 259371 0 0 0 Phyllis Crocker Former Dean 229940 0 0 0 0 0 14143 0 20294 0 264377 0 0 0 Robert C Vowels Athletic Director 215717 0 0 0 8100 0 12562 0 22132 0 258511 0 0 0 Omid Sabbaghi Associate Professor 222383 0 0 0 0 0 20389 0 18771 0 261543 0 0 0 Anthony Neely Associate Professor 183918 0 0 0 1039 0 11324 0 10951 0 207232 0 0 0 William Wittig Professor (Former Dean) 133591 0 0 0 0 0 13784 0 22223 0 169598 0 0 0 Schedule J, Part I, Line 1a The President has a discretionary spending account for which health or social club dues may be paid. Dues for social club membership are also paid for Athletic Director and the Men's Basketball Coach. A Michigan Finance Authority Higher Education Facilities 521285150 594519K25 2019-01-19 23860000 Refund Series 2007 Bonds 0 0 0 B Michigan Finance Authority Higher Education Facilities 521285150 594479AV9 2019-01-19 13985000 Refund Series 2011 Bonds 0 0 0 C Michigan Finance Authority Higher Education Facilities 521285150 2020-01-29 14000000 Renovations to the Student Union Bldg and Other Bldg 0 0 0 A 1840000 0 23860000 0 0 0 0 0 0 0 23860000 0 1 0 1 1 B 710000 0 13985000 0 0 0 0 0 0 0 13985000 0 1 0 1 1 C 0 0 100000 0 0 0 0 0 0 0 0 100000 0 0 1 1 A 0 0 1 1 0 0 0 0 0 0 1 B 0 1 1 1 0 0 0 0 0 0 1 C 0 0 1 1 0 0 0 0 0 0 1 A 1 1 1 Citizen's Bank 27.7 0 0 0 0 1 B 1 1 1 Citizen's Bank 27.7 0 0 0 0 1 C 1 1 0 0 0 1 A 1 B 1 C 1 Schedule K, Part II, Line 3-01/29/2020 14,000,000 Michigan Finance Authority Higher Education The new bonds, Series 2020 is financed for $14M. Due to construction supply chain and labor shortages the reimbursements (draw downs) after the initial $100,000 proceeds occurred fiscal year 22. Students Dependent of Officer/Key Employee 47664 Tuition Remission Employee Benefit X 11 648582 FMV X 1 2750000 FMV X GIK - Concrete 1 60500 FMW 0 0 1 1 Schedule M, Part I, Line 32b The university maintains a brokerage relationship to facilitate the processing and selling of securities from donors. Form 990, Part VI, Section B, Line 11b The CFO, through the Controller's office, submits the completed 990 to the Finance Committee of the Board of Trustees (BOT) for review. At the same time, the completed 990 is made available online to the full BOT through a dedicated and password protected website of the University. The BOT has the opportunity for a stated period of time, to make comments or ask questions regarding the Form 990, after which it is filed. Form 990, Part VI, Section B, Line 12c The BOT receives reminders of the duty to disclose any conflict of interest as defined in the policy. Conflict of Interest forms are available through the Corporate Secretary at each full Board meeting. Form 990, Part VI, Section B, Line 15 Detroit Mercy has a Compensation Committee of the BOT AVP of Human Resources to determine compensation for the President and other executives of the University. A compensation committee meeting was held during FY21. Salary ranges are established after reviewing Executive salary data from peer institutions, Chronicles of Higher ED Annual Exec Comp report, and AJCU CompSurvey and CUPA data. A recommendation is made to the BOT for review and approval. Form 990, Part VI, Section C, Line 19 Detroit Mercy makes it's governing documents, conflict of interest policy and financial statement available upon request. Form 990, Part XI, Line 9 Includes gain on value of interest SWAP agreement $2,347,308 and non-operating gain for post retirement benefits of $363,018. Dexter Holdings LLC 651 E Jefferson Detroit MI 48226 381360586 Acts as agent of UDM in various transactions MI 0 0 N/A Extension filed due to timing of receipt of audited financial statements arriving close to November 2021 due date.