2021-02-15T11:01:46-06:00 2020-06-30 383635706 REHMANN ROBSON LLC 555 BRIARWOOD CIRCLE STE 300 ANN ARBOR MI 48108 990 2019-07-01 381393841 CLEARY UNIVERSITY CLEA 5175483670 3750 CLEARY DR HOWELL MI 48843 EMILY BARNES INTERIM PRESIDENT 5175483670 2021-02-11 1 KATHLEEN M UNDERHILL CPA P00589677 7347612005 2021-02-11 2019 2022-09-23 18:48:47Z EMILY BARNES 3750 CLEARY DR HOWELL MI 48843 15581169 0 X WWW.CLEARY.EDU X 1883 MI PROVIDE A BUSINESS EDUCATION THAT EQUIPS INDIVIDUALS TO DELIVER SUPERIOR SERVICE TO EMPLOYERS AND THEIR COMMUNITIES. 17 17 279 17 152901 -125503 4859660 2129641 10753237 12669512 117182 162005 459091 508115 16189170 15469273 3099833 5189315 0 0 5500764 5151776 0 0 355962 5875276 5522439 14475873 15863530 1713297 -394257 25337835 24296185 13927738 13280345 11410097 11015840 TO PREPARE INDIVIDUALS TO CONTRIBUTE AND PREVAIL IN A CONSTANTLY CHANGING WORKFORCE. 0 0 10272401 5189315 13002672 INSTRUCTION AND ROOM & BOARD - THE TEACHING OF HIGHER EDUCATION COURSES TO STUDENTS AND ENABLING THEM TO SUSTAIN RESIDENCY ON CAMPUS IN ORDER TO ATTEND CLASSES, ACHIEVE A BACHELOR'S DEGREE AND ENJOY THE FULL COLLEGE EXPERIENCE. 10272401 1 1 0 0 0 0 0 1 0 1 1 0 0 1 0 1 1 0 1 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 41 0 1 279 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 17 17 0 0 0 0 0 0 0 1 1 0 1 1 1 1 1 1 1 1 1 1 0 X SHELLY HOLANDA 5173383319 3750 CLEARY DR HOWELL MI 48843 JOE PARKER CHAIR/PAST CHAIR EFFECTIVE 1/1/2020 2.00 X X 0 0 0 GLYNIS MCBAIN VICE CHAIR/CHAIR EFFECTIVE 1/1/2020 2.00 X X 0 0 0 RAYMOND KING III IMMEDIATE PAST CHAIR THRU 1/1/2020 2.00 X X 0 0 0 NICK QUIGLEY TREASURER 2.00 X X 0 0 0 BRANDON WILSON SECRETARY 2.00 X X 0 0 0 ADAM GENEI ATHLETICS COMMITTEE CHAIR 2.00 X X 0 0 0 PATRICK CLEARY II FAMILY SEAT 2.00 X X 0 0 0 ANNE MCKENNY VICE CHAIR EFFECTIVE 1/1/2020 2.00 X X 0 0 0 DON REIMONDO TRUSTEE 2.00 X 0 0 0 ALAN KRUSE TRUSTEE 2.00 X 0 0 0 KEVIN CLARK TRUSTEE 2.00 X 0 0 0 KENNETH WEINGARTZ TRUSTEE THRU 10/19/2019 2.00 X 0 0 0 FRANK JEDELE TRUSTEE 2.00 X 0 0 0 EDIE REAVES TRUSTEE 2.00 X 0 0 0 TAMIKA MAYES TRUSTEE 2.00 X 0 0 0 DAVID BARFIELD TRUSTEE 2.00 X 0 0 0 CHRIS SPENSLEY TRUSTEE EFFECTIVE 1/1/2020 2.00 X 0 0 0 CHRISTIAN SCHAFER TRUSTEE EFFECTIVE 1/1/2020 2.00 X 0 0 0 NICOLE WHITELY TRUSTEE EFFECTIVE 1/1/2020 2.00 X 0 0 0 JAYSON BOYERS PRESIDENT & CEO THRU 5/8/2020 50.00 X 227563 0 20812 MACHELLE HOLANDA VP OF FINANCE 50.00 X 131120 0 5500 MATTHEW BENNETT SENIOR VP OF DEVELOPMENT 50.00 X 115370 0 16583 LARAE BANE VP OF ORG DEVELOPMENT 50.00 X 96393 0 4743 EMILY BARNES PROVOST/INTERIM PRES EFF 5/8/2020 50.00 X 102565 0 6293 CAREY MONROE VP OF ENROLLMENT EFF 1/1/2020 50.00 X 78029 0 13807 HEATHER BATEMAN VP STUDENT AFFAIRS EFF 7/15/2019 50.00 X 31720 0 4607 SARA BARNWELL DEAN OF ACADEMIC OPER EFF 5/15/2020 50.00 X 60770 0 6482 DAVID HAYES DEAN OF UNDERGRAD STUDIES EFF 5/15/20 50.00 X 55540 0 2750 REGINA BANKS-HALL DEAN OF GRAD STUDIES EFF 5/15/2020 50.00 X 42150 0 0 941220 0 81577 4 0 1 0 0 59017 2070624 2129641 TUITION AND FEES 611600 11188714 11188714 STUDENT HOUSING 611600 1191922 1191922 OTHER PROGRAM SERVICES 611600 165326 165326 CORP CERT TRAINING PROGRAM 611600 123550 123550 12669512 78565 78565 22054 0 22054 22054 22054 83440 0 83440 83440 83440 376227 111896 264331 264331 EVENT REVENUE 900099 221730 68829 152901 221730 15469273 13002672 152901 184059 5189315 5189315 1210983 573686 558686 78611 3301692 1615519 1557732 128441 62040 34357 25877 1806 234779 130018 97925 6836 342282 189552 142764 9966 7041 7041 65334 65334 612169 95357 514880 1932 192180 8572 168701 14907 143174 49809 92965 400 1351701 1303596 48105 145809 129005 16491 313 17488 8296 6161 3031 680665 680665 865635 865635 135848 82387 53461 OTHER 467368 232511 203006 31851 EQUIPMENT 329920 126096 125956 77868 BOOKSTORE EXPENSES 182043 182043 0 0 BAD DEBT EXPENSE 113552 113552 0 0 212512 208730 3782 15863530 10272401 5235167 355962 7803 202852 256524 6687 6211981 5730833 422204 160133 171062 178284 91614 93884 177540 341621 21128029 6287944 15251678 14840085 567083 571807 2180346 2169999 25337835 24296185 2299570 1938498 2159693 1948885 9468475 9392962 13927738 13280345 X 5598912 5336931 5811185 5678909 11410097 11015840 25337835 24296185 -394257 0 X X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X 0 1770689 10573 75790 87768 1769284 1681114 48161 58832 17418 1770689 1632437 99217 22952 73492 1681114 3118222 62611 9532 1557928 1632437 2964021 169954 9499 25252 3118222 0.77740 0.22270 0 0 904842 904842 12748970 3192186 9556784 4943221 918442 4024779 2293560 2154045 139515 237436 23271 214165 14840085 ARTWORK 1516363 ART HELD FOR RESALE 323900 CHARITABLE REMAINDER UNITRUST INTEREST 329736 2169999 X 10479622 -4989651 -4989651 15469273 0 15469273 10873879 -4989651 -4989651 15863530 0 15863530 PART III, LINE 4: ARTHUR SECUNDA ARTWORK - THE UNIVERSITY ESTABLISHED THE ARTHUR SECUNDA MUSEUM AT THE LIVINGSTON COUNTY, HOWELL, MI CAMPUS. THE MUSEUM ENHANCES THE UNIVERSITY'S VISIBILITY, REPUTATION AND MISSION BY PROMOTING A CULTURE OF EDUCATION AND THE SOPHISTICATION STUDENTS EXPECT FROM AN INSTITUTION OF HIGHER LEARNING. THE ADDITION OF THE MUSEUM FACILITATES STUDY IN THE FIELD OF ARTS MANAGEMENT, EXAMINATION OF THE ARTIST AS ENTREPRENEUR, AND THE USE OF THE ART TO STIMULATE CREATIVITY AMONG THE BUSINESS STUDENTS. PART V, LINE 4: THE INTENDED USE OF THE TERM AND PERMANENT ENDOWMENT FUNDS IS TO FUND STUDENT SCHOLARSHIPS. PART X, LINE 2: THE UNIVERSITY ANALYZES ITS FILING POSITIONS IN THE FEDERAL AND STATE JURISDICTIONS WHERE IT IS REQUIRED TO FILE INCOME TAX RETURNS, AS WELL AS ALL OPEN TAX YEARS IN THESE JURISDICTIONS, TO IDENTIFY POTENTIAL UNCERTAIN TAX POSITIONS. THE UNIVERSITY REPORTS INTEREST AND PENALTIES ATTRIBUTABLE TO INCOME TAXES, TO THE EXTENT THEY ARISE, AS A COMPONENT OF ITS INSTITUTIONAL SUPPORT EXPENSE. THE UNIVERSITY HAS EVALUATED ITS INCOME TAX FILING POSITIONS FOR FISCAL YEARS 2017 THROUGH 2020, THE YEARS WHICH REMAIN SUBJECT TO EXAMINATION BY MAJOR TAX JURISDICTIONS AS OF JUNE 30, 2020. THE UNIVERSITY CONCLUDED THAT THERE ARE NO SIGNIFICANT UNCERTAIN TAX POSITIONS REQUIRING RECOGNITION IN THE UNIVERSITY'S FINANCIAL STATEMENTS. THE UNIVERSITY DOES NOT EXPECT THE TOTAL AMOUNT OF UNRECOGNIZED TAX BENEFITS ("UTB") (E.G., TAX DEDUCTIONS, EXCLUSIONS, OR CREDITS CLAIMED OR EXPECTED TO BE CLAIMED) TO SIGNIFICANTLY CHANGE IN THE NEXT TWELVE MONTHS. THE UNIVERSITY DOES NOT HAVE ANY AMOUNTS ACCRUED FOR INTEREST AND PENALTIES RELATED TO UTB'S AT JUNE 30, 2020 OR 2019, AND ARE NOT AWARE OF ANY CLAIMS FOR SUCH AMOUNTS BY FEDERAL OR STATE INCOME TAX AUTHORITIES. PART XI, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 111,896. GRANTS & SCHOLARSHIPS -5,101,547. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 111,896. GRANTS & SCHOLARSHIPS -5,101,547. 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 POLICY IS AVAILABLE ON THE SCHOOL'S WEBSITE. SCHEDULE E, PART I, LINE 6 CLEARY UNIVERSITY PARTICIPATES IN STUDENT AID PROGRAMS SUPPORTED BY THE DEPARTMENT OF EDUCATION. 1 VA MILITARY GRANT 20 57373 CLEARY INSTITUTIONAL GRANT 20 11447 NEXT STEP GRANT 53 39083 ATHLETIC SCHOLARSHIP 579 2278351 ATHLETIC HOUSING SCHOLARSHIP 281 645383 ADMISSIONS TRANSFER SCHOLARSHIP 32 46417 CLEARY BUSINESS PARTNER SCHOLARSHIP 127 104505 RESIDENT ASSISTANT SCHOLARSHIP 12 53100 OPPORTUNITY REFERRAL GRANT 13 27092 EMPLOYEE GRANTS 28 83467 COMMUNITY COLLEGE & ALUMNI DISCOUNT 25 9267 PHI THETA KAPPA SCHOLARSHIP 3 5000 GRADUATE ASSISTANT GRANT 18 59893 ENTREPRENEUR SCHOLARSHIP 16 32000 LAKETRUST SCHOLARSHIP 8 53830 CEO SCHOLARSHIP 291 710606 COURAGE & SERVICE SCHOLARSHIP 306 498920 ADMISSIONS HONORS SCHOLARSHIPS 103 120250 CORP SCHOLARSHIP 89 258863 GRADUATE MERIT SCHOLARSHIP 14 6700 ENDOWED SCHOLARSHIPS 87768 PART I, LINE 2: THE GRANTS AND SCHOLARSHIPS AWARDED BY CLEARY UNIVERSITY ARE USED TO PAY TUITION AND FEE CHARGES ON STUDENT ACCOUNTS. THE UNIVERSITY IS ABLE TO MONITOR WHETHER RECIPIENTS REMAIN STUDENTS AT THE UNIVERSITY THROUGH THE REGISTRAR'S OFFICE, AND CLASS ATTENDANCE TAKEN BY PROFESSORS. 1 X X X 0 0 0 0 0 0 0 0 0 JAYSON BOYERS PRESIDENT & CEO THRU 5/8/2020 227563 0 0 0 0 0 11682 0 9130 0 248375 0 0 0 THOMAS SULLIVAN FORMER PRESIDENT & CEO EXECUTIVE BENEFIT PLAN X 110000 178284 0 1 1 178284 FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED BY THE FINANCE COMMITTEE PRIOR TO BEING FILED AND IS RECOMMENDED BY THEM TO THE BOARD OF TRUSTEES FOR APPROVAL TO FILE. FORM 990, PART VI, SECTION B, LINE 12C ALL BOARD MEMBERS AND EMPLOYEES ARE ASKED ABOUT ANY CONFLICT OF INTEREST BASED ON THE CONFLICT OF INTEREST POLICY. IF A CONFLICT EXISTS, THE ASSOCIATION WITH THE CONFLICTING INTEREST IS DISCONTINUED OR THE BOARD MEMBER OR EMPLOYEE IS NOT SELECTED TO SERVE. FORM 990, PART VI, SECTION B, LINE 15 WE ESTABLISH A BENCHMARK FOR EVERY EMPLOYEE POSITION BASED ON ONE OF THE FOLLOWING: CUPA - HR - COLLEGE & UNIVERSITY PROFESSIONAL ASSOCIATION - HUMAN RESOURCES SALARY SURVEY RESULTS OR GAASHRM - GREATER ANN ARBOR SOCIETY FOR HUMAN RESOURCE MANAGEMENT SALARY SURVEY RESULTS. EVERY EMPLOYEE POSITION IS COMPARED TO A SIMILAR POSITION IN ONE OF THESE SURVEYS (CUPA IS USED IF A POSITION MATCH EXISTS) THE AVERAGE SALARY FOR LIKE INSTITUTIONS OR SIMILAR SIZED NON-PROFITS IS USED AS OUR BENCHMARK WITH A MARGIN OF 15% ON EITHER SIDE OF THE AVERAGE TO ESTABLISH OUR SALARY "RANGE" FOR THE POSITION. ACTUAL SALARY FOR AN EMPLOYEE IS BASED ON EXPERIENCE AND EMPLOYMENT DURATION THAT MOVES ONE'S SALARY UP WITHIN THE SALARY RANGE. FORM 990, PART VI, SECTION C, LINE 19 ALL GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XII, LINE 2C THE PROCESS HAS NOT CHANGED FROM PRIOR YEAR