2021-04-14T13:35:49-05:00 2020-05-31 410746749 CLIFTONLARSONALLEN LLP 220 S 6TH STREET SUITE 300 MINNEAPOLIS MN 55402 990 2019-06-01 231352654 LASALLE UNIVERSITY LASA 2159511000 1900 WEST OLNEY AVENUE PHILADELPHIA PA 19141 STEPHANIE PRICKEN VP FINANCE & ADMINISTRATION 2159511000 2021-04-12 1 KAREN GRIES P00078514 6123764500 2021-04-12 2019 2022-09-23 18:48:47Z COLLEEN M HANYCZ PHD 1900 WEST OLNEY AVENUE PHILADELPHIA PA 19141 180358787 0 X WWW.LASALLE.EDU X 1863 PA PROVIDING A HIGHER EDUCATION IN GENERAL AND SPECIALIZED STUDIES. 38 37 1625 37 0 0 7526733 13589856 140906780 132479906 9860652 6063751 3916932 3942062 162211097 156075575 47442756 49125247 0 0 69315206 66720449 0 0 2262443 46245166 42111748 163003128 157957444 -792031 -1881869 284120040 273667540 169508357 161132540 114611683 112535000 X LA SALLE UNIVERSITY IS A CATHOLIC LASALLIAN CO-EDUCATIONAL, INDEPENDENT INSTITUTION, FOUNDED IN 1863 IN PHILADELPHIA, PENNSYLVANIA BY THE BROTHERS OF THE CHRISTIAN SCHOOLS, A CATHOLIC RELIGIOUS COMMUNITY OF VOWED LAYMEN DEDICATED TO TEACHING AND CAREER PREPARATION. THE UNIVERSITY IS COMMITTED TO ACADEMIC EXCELLENCE AND INDIVIDUALIZED ATTENTION IN A VALUES-BASED, INTER-FAITH EDUCATIONAL COMMUNITY AND TO PROVIDING A TRANSFORMATIVE EDUCATION THAT IS ACCESSIBLE AND AFFORDABLE TO ALL.LA SALLE STRIVES TO OFFER, THROUGH EFFECTIVE TEACHING, A QUALITY EDUCATION FOUNDED ON THE IDEA THAT ONE'S INTELLECTUAL AND SPIRITUAL DEVELOPMENT GO HAND IN HAND, COMPLIMENTING AND FULFILLING EACH OTHER. THE UNIVERSITY HAS, AS ITS BASIC PURPOSE, THE FREE SEARCH FOR TRUTH BY TEACHING ITS STUDENTS THE BASIC SKILLS, KNOWLEDGE, AND VALUES THAT THEY WILL NEED FOR A LIFE OF HUMAN DIGNITY. 0 0 108813439 49125247 119292296 INSTRUCTION - THE UNIVERSITY PROVIDED EDUCATION TO 4,933 AND 4,820 ENROLLED STUDENTS IN UNDERGRADUATE, GRADUATE AND DOCTORAL PROGRAMS IN THE FALL AND SPRING SEMESTERS RESPECTIVELY. 7724009 0 11769460 AUXILIARY ENTERPRISES - THE UNIVERSITY PROVIDED HOUSING, BOOKSTORE AND DINING SERVICES. THE UNIVERSITY PROVIDED ROOMS TO 1,540 STUDENTS AND MEALS TO 1,779 STUDENTS PER SEMESTER. 19107416 0 1418150 STUDENT SERVICES - THE UNIVERSITY PROVIDED COUNSELING, INTER-COLLEGIATE ACTIVITIES, HEALTH-ADVISING, STUDENT GOVERNING AND OTHER STUDENT LIFE SERVICES FOR ALL STUDENTS. 135644864 1 1 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 1 0 0 0 1 1 0 0 0 1 8293 0 1 1625 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 38 37 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 PA X STEPHANIE PRICKEN 2159511858 1900 WEST OLNEY AVENUE PHILADELPHIA PA 19141 COLLEEN HANYCZ PHD PRESIDENT 40.00 X 497214 0 145100 JOHN GIANINI HEAD COACH MEN'S BASKETBALL 40.00 X 603217 0 17408 ASHLEY HOWARD HEAD COACH MEN'S BASKETBALL 40.00 X 503655 0 38437 STEPHANIE PRICKEN VP FINANCE & ADMIN 40.00 X 363567 0 37037 KEVIN DOLAN VP STRATEGY, GENERAL COUNSEL 40.00 X 333928 0 29976 CATHLEEN PARSONS-NIKOLIC VP, UNIVERSITY ADVANCEMENT 40.00 X 283112 0 20590 BRIAN GOLDSTEIN VP, ACADEMIC AFFAIRS 40.00 X 223054 0 49012 DAWN SOUFLERIS VP, ENROLLEMENT & STUDE AFFAIRS 40.00 X 248903 0 18440 KARL J HORVATH CHIEF INFORMATION OFFICER 40.00 X 208567 0 54112 MARYSHEILA MCDONALD DEAN, SCHOOL OF BUSINESS 40.00 X 206936 0 38948 YUSUF J UGRAS PROFESSOR 40.00 X 211140 0 29012 MADJID TAVANA PROFESSOR 40.00 X 202882 0 22839 EDWARD J SHEEHY FSC PHD VICE PRESIDENT 40.00 X 92640 0 9719 KENNETH BREWER INDIVIDUAL TRUSTEE 1.00 X 0 0 0 REGINALD M BROWNE INDIVIDUAL TRUSTEE 1.00 X 0 0 0 JAMES L BUTLER FSC INDIVIDUAL TRUSTEE 1.00 X 0 0 0 ROBERT T COTTONE INDIVIDUAL TRUSTEE 1.00 X 0 0 0 JACK CURRAN FSC INDIVIDUAL TRUSTEE 1.00 X 0 0 0 STEPHEN K DEGNAN INDIVIDUAL TRUSTEE 1.00 X 0 0 0 PETER DIBATTISTE MD INDIVIDUAL TRUSTEE 1.00 X 0 0 0 JOHN K DUGAN INDIVIDUAL TRUSTEE 1.00 X 0 0 0 JAMES T DURKIN INDIVIDUAL TRUSTEE 1.00 X 0 0 0 EDWARD J FIERKO INDIVIDUAL TRUSTEE 1.00 X 0 0 0 PHILLIP WJ FISHER INDIVIDUAL TRUSTEE 1.00 X 0 0 0 AMYLYNN V FLOOD CPA INDIVIDUAL TRUSTEE 1.00 X 0 0 0 BROTHER TIMOTHY FROEHLICH FSC INDIVIDUAL TRUSTEE 1.00 X 0 0 0 THOMAS GERROW FSC INDIVIDUAL TRUSTEE 1.00 X 0 0 0 JOHN S GRADY INDIVIDUAL TRUSTEE 1.00 X 0 0 0 ROBERT F GRAHAM INDIVIDUAL TRUSTEE 1.00 X 0 0 0 MICHAEL HALLOWELL INDIVIDUAL TRUSTEE 1.00 X 0 0 0 ELMER F HANSEN III INDIVIDUAL TRUSTEE 1.00 X 0 0 0 JOHN KANE FSC ED D INDIVIDUAL TRUSTEE 1.00 X 0 0 0 MARGARET A KANE INDIVIDUAL TRUSTEE 1.00 X 0 0 0 MARK A LAFOND INDIVIDUAL TRUSTEE 1.00 X 0 0 0 DENNIS LEE FSC INDIVIDUAL TRUSTEE 1.00 X 0 0 0 THOMAS A LEONARD INDIVIDUAL TRUSTEE 1.00 X 0 0 0 ROBERT W LIPTAK INDIVIDUAL TRUSTEE 1.00 X 0 0 0 JOANN MAGNATTA INDIVIDUAL TRUSTEE 1.00 X 0 0 0 BROTHER WILLIAM MANN FSC INDIVIDUAL TRUSTEE 1.00 X 0 0 0 WILLIAM W MATTHEWS III ESQ INDIVIDUAL TRUSTEE, ACTING CHAIR 1.00 X 0 0 0 ANTHONY J NOCELLA INDIVIDUAL TRUSTEE 1.00 X 0 0 0 KEVIN F O 'DONNELL INDIVIDUAL TRUSTEE 1.00 X 0 0 0 MICHAEL OHERN FSC INDIVIDUAL TRUSTEE 1.00 X 0 0 0 FRANK C PALOPOLI INDIVIDUAL TRUSTEE 1.00 X 0 0 0 ELAINE PANG INDIVIDUAL TRUSTEE 1.00 X 0 0 0 DANIEL S ROBINS PHD INDIVIDUAL TRUSTEE 1.00 X 0 0 0 WILLIAM R SASSO ESQ INDIVIDUAL TRUSTEE 1.00 X 0 0 0 JUDITH SPIRES INDIVIDUAL TRUSTEE 1.00 X 0 0 0 EILEEN THANNER INDIVIDUAL TRUSTEE 1.00 X 0 0 0 STEPHEN T ZARRILLI INDIVIDUAL TRUSTEE, CHAIRMAN 1.00 X 0 0 0 3978815 0 510630 121 1 1 0 AETNA ROOFING CORPORATION 1320 EAST STATE STREET TRENTON NJ 086091616 CONSTRUCTION 1756568 MCKINSEY & COMPANY INC PO BOX 7247-7255 PHILADELPHIA PA 191700001 CONSULTING SERVICES 1750000 ACADEMIC PARTNERSHIPS LLC 600 N PEARL ST SUITE 900 DALLAS TX 75201 MARKETING 1274039 INTERSTATE BUILDING MAINTENANCE CORPORAT 508 PRUDENTIAL ROAD SUITE 100 HORSHAM PA 19044 JANITORIAL SERVICES 1150120 CANON BUSINESS SOLUTIONS-EAST INC 15004 COLLECTIONS CENTER DRIVE CHICAGO IL 60693 PRINTING/MAILING SERVICES 688817 38 315829 5071943 8202084 759757 13589856 TUITION & FEES 900099 119292296 119292296 RESIDENCE HALLS 900099 10908399 10908399 ACADEMIC RELATED REVEN 900099 1418150 1418150 DINING SERVICES 900099 611061 611061 CAMPUS STORE 900099 250000 250000 132479906 5402309 5402309 28801 28801 1343355 574009 769346 769346 769346 24001976 273202 23132962 480774 869014 -207572 661442 661442 60860 315829 95467 -34607 -34607 ADMIN AND OTHER REVENU 541800 3178522 3178522 3178522 156075575 132479906 0 10005813 49125247 49125247 4674190 2598627 1923712 151851 50590639 42498346 6815068 1277225 647170 505786 119069 22315 6831047 5338702 1256805 235540 3977403 3108480 731779 137144 4705678 1786760 2835829 83089 15126 15126 66175 66175 244225 244225 1635589 646177 940318 49094 2425304 1865500 441847 117957 2424645 2123622 290156 10867 2739938 2681019 58919 1454205 1381275 54446 18484 672723 635873 36850 5835024 5835024 7594214 7594214 1660235 1660235 REPAIRS, MAINTENANCE 1567267 1524063 43204 RENTAL EXPENSE 993110 817212 163089 12809 BAD DEBT EXPENSE 977338 6 977332 BOOKS/SUBSCRIPTION 814081 810807 3274 6286871 3107889 3032914 146068 157957444 135644864 20050137 2262443 41313 9314 21557165 17563982 3856876 3557730 6500258 5128200 4452283 3612917 12159 58176 2067817 1741543 308645584 157065370 154447911 151580214 82514598 82370362 3281458 2650062 5388202 5395040 284120040 273667540 10164685 8464200 7668272 8033700 131482714 130095823 6707011 1814838 13485675 12723979 169508357 161132540 X 66166699 61002359 48444984 51532641 114611683 112535000 284120040 273667540 -1881869 -194814 0 X 0 1 X 1 1 1 X 10933312 13720531 11645875 7526733 13589856 57416307 10933312 13720531 11645875 7526733 13589856 57416307 57416307 3399408 3192796 3693957 3840870 6774465 20901496 4510344 4902052 2843466 3392503 3178522 18826887 97144690 750889047 0.59100 0.57850 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: OTHER INCOME - 2015 AMOUNT: $ 4,510,344. 2016 AMOUNT: $ 4,902,052. 2017 AMOUNT: $ 2,843,466. 2018 AMOUNT: $ 3,392,503. 2019 AMOUNT: $ 3,178,522. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 4600 4412731 X X 0 80311293 1260569 5533488 7103119 80002231 85073509 911232 1520385 837711 6356122 80311293 85131784 1423512 5267733 1070193 5679327 85073509 81634257 1408594 8865113 1106130 5670050 85131784 87982244 3049468 -2937491 967327 5492637 81634257 0.46370 0.53630 0.00000 0 0 18297933 18297933 240496651 125625139 114871512 15427041 11528314 3898727 29516430 15519469 13996961 4907529 4392448 515081 151580214 OTHER LIABILITIES 8130177 ADVANCES FROM FEDERAL GOVERNMENT AND STUDENT LOANS 4593802 12723979 X 107390394 -194814 42386 -48958004 -49110432 156500826 244225 -669476 -425251 156075575 109467077 42386 -48288528 -48246142 157713219 244225 244225 157957444 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. U.S. GENERALLY ACCEPTED ACCOUNTING PRINCIPLES REQUIRE MANAGEMENT TO EVALUATE THE TAX POSITIONS TAKEN BY THE UNIVERSITY AND RECOGNIZE A TAX LIABILITY OR ASSET 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, 2020 AND 2019, 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 2D - OTHER ADJUSTMENTS: FINANCIAL AID -48,721,621. AUXILIARY ENTERPRISES -236,383. PART XI, LINE 4B - OTHER ADJUSTMENTS: RENT EXPENSE -574,009. FUNDRAISING EXPENSE -95,467. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSE 95,467. RENTAL EXPENSES 574,009. STUDENT FINANCIAL ASSISTANCE -48,721,621. AUXILIARY ENTERPRISES -236,383. 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: PERKINS STUDENT LOAN PROGRAM, COLLEGE WORK STUDY PROGRAMS, AND THE PELL GRANT PROGRAM. 1 EUROPE 0 0 PROGRAM SERVICES TUITION, ROOM & BOARD 155335 EAST ASIA AND THE PACIFIC 0 0 PROGRAM SERVICES TUITION, ROOM & BOARD 33911 SOUTH AMERICA 0 0 PROGRAM SERVICES TUITION, ROOM & BOARD 4506 CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENTS N/A 166101 0 0 0 0 0 0 359853 0 359853 0 0 0 0 0 0 PART I, LINE 2: THE OFFICE OF ENROLLMENT SERVICES ASSISTS STUDENTS AND THEIR FAMILIES IN FINANCING THEIR LA SALLE EDUCATION THROUGH SCHOLARSHIPS, GRANTS, LOANS AND/OR ONE OF THE UNIVERSITY'S WORK PROGRAMS. AS IT PERTAINS TO THOSE STUDENTS WHO CHOOSE TO STUDY ABROAD, THEIR GRANTS ARE NOT TAKEN OUTSIDE THE US BUT APPLIED TO THEIR TOTAL LA SALLE BILL. THIS INCLUDES THE FOUNDER'S SCHOLARSHIP, MISSION GRANT, CHRISTIAN BROTHERS SCHOLARSHIP, FEDERAL SEOG GRANT AND ANY ENDOWED SCHOLARSHIP THAT IS AWARDED THROUGH STUDENT ENROLLMENT SERVICES. THESE ARE THE ONLY LA SALLE FUNDS THAT MAY BE AWARDED FOR STUDY ABROAD TUITION. AT THE END OF THE STUDENT'S STUDY ABROAD EXPERIENCE, THE OFFICE OF ENROLLMENT SERVICES WILL MONITOR THE STUDENTS GRADES TO ENSURE THAT THEY DID ATTEND THE STUDY ABROAD INSTITUTION. BECAUSE GRANTS ARE NOT TAKEN OUTSIDE THE US, BUT INSTEAD APPLIED TO THE STUDENT'S LA SALLE BILL, ALL GRANTS ARE SHOWN ON SCHEDULE I. PART I, LINE 3: ACCRUAL PART III ACCOUNTING METHOD: GOLF OUTING 101162 78747 22415 22583 8892 CHARTER DINNER 231352 200602 30750 49097 1600 2664 1 44175 36480 7695 8984 1647 376689 315829 60860 80664 1600 13203 95467 -34607 1 MERIT SCHOLARSHIPS & NEED-BASED 3256 45365842 0 N/A N/A CARES ACT STUDENT EMERGENCY GRANT 2950 1342350 0 N/A N/A DISCRETIONARY AND OTHER AID 485 1211543 0 N/A N/A PART I, LINE 2: LA SALLE UNIVERSITY MAINTAINS RECORDS TO QUANTIFY THE DOLLAR AMOUNT OF THE STUDENT FINANCIAL ASSISTANCE AWARDED, THE NUMBER OF RECIPIENTS PER GRANT/SCHOLARSHIP, AND THE SELECTION CRITERIA. X 1 0 X X X X X 1 0 0 0 0 0 0 1 0 COLLEEN HANYCZ PHD PRESIDENT 437964 0 50000 0 9250 0 5600 0 139500 0 642314 0 0 0 JOHN GIANINI HEAD COACH MEN'S BASKETBALL 0 0 0 0 603217 0 0 0 17408 0 620625 0 0 0 ASHLEY HOWARD HEAD COACH MEN'S BASKETBALL 503655 0 0 0 0 0 5600 0 32837 0 542092 0 0 0 STEPHANIE PRICKEN VP FINANCE & ADMIN 363567 0 0 0 0 0 5600 0 31437 0 400604 0 0 0 KEVIN DOLAN VP STRATEGY, GENERAL COUNSEL 298928 0 35000 0 0 0 5203 0 24773 0 363904 0 0 0 CATHLEEN PARSONS-NIKOLIC VP, UNIVERSITY ADVANCEMENT 283112 0 0 0 0 0 5600 0 14990 0 303702 0 0 0 BRIAN GOLDSTEIN VP, ACADEMIC AFFAIRS 223054 0 0 0 0 0 4449 0 44563 0 272066 0 0 0 DAWN SOUFLERIS VP, ENROLLEMENT & STUDE AFFAIRS 248903 0 0 0 0 0 3857 0 14583 0 267343 0 0 0 KARL J HORVATH CHIEF INFORMATION OFFICER 208567 0 0 0 0 0 4159 0 49953 0 262679 0 0 0 MARYSHEILA MCDONALD DEAN, SCHOOL OF BUSINESS 196936 0 10000 0 0 0 3852 0 35096 0 245884 0 0 0 YUSUF J UGRAS PROFESSOR 211140 0 0 0 0 0 2365 0 26647 0 240152 0 0 0 MADJID TAVANA PROFESSOR 202882 0 0 0 0 0 3237 0 19602 0 225721 0 0 0 PART I, LINE 1A COLLEEN M. HANYCZ - 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 ON UNIVERSITY BUSINESS AS THE RESIDENCE. LODGING IS INCLUDED IN THE PRESIDENT'S EMPLOYMENT CONTRACT. PART I, LINE 4A JOHN GIANINI RECEIVED SEVERANCE PAYMENT OF $603,217 IN REPORTABLE COMPENSATION AND $17,407 IN NON-TAXABLE BENEFITS IN CALENDAR YEAR 2019. PART I, LINE 7 THE PRESIDENT OF THE UNIVERSITY RECEIVED A BONUS WHICH WAS INCLUDED IN TAXABLE COMPENSATION. THE BONUS WAS BASED ON PERFORMANCE ESTABLISHED IN AN EMPLOYMENT CONTRACT AND NOT RELATED TO REVENUE OR EARNINGS OF THE UNIVERSITY. A PA HIGHER ED FACILITIES AUTHORITY 2012 232243852 70917XXXX 2012-09-12 94975000 CONSTRUCTION/REFUND PRIOR ISSUE 0 0 0 B PHILADELPHIA AUTHORITY FOR INDUSTRIAL DEVELOPMENT 70917XXXX 2017-11-29 40050000 CONSTRUCTION/REFUND PRIOR ISSUE 0 0 0 A 8020431 110269657 1270025 20913343 2017 1 1 1 1 B 43878079 8020431 564030 5569738 29784713 2019 1 1 1 1 A 0 1 0 0 0.01900 0.09500 0.11400 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: PA HIGHER ED FACILITIES AUTHORITY 2012 DATE THE REBATE COMPUTATION WAS PERFORMED: 11/11/2015 X 6 4600 THIRD PARTY FMV X 26 735239 FMV X AUCTION ITEMS 30 19918 SELLING PRICE 0 0 1 0 PART I, COLUMN (B): COLUMN (B) REPRESENTS NUMBER OF CONTRIBUTORS. 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 WHO ARE MEMBERS OF THE GOVERNING BODY. WHEN THE BOARD IS NOT IN SESSION, THE EXECUTIVE COMMITTEE'S SCOPE ENCOMPASSES ALL OF THE POWERS OF THE BOARD IN THE MANAGEMENT OF THE BUSINESS AND AFFAIRS OF THE UNIVERSITY, EXCEPT THAT THE EXECUTIVE COMMITTEE MAY NOT GRANT OR CONFER DEGREES, NOR MAKE REMOVALS FROM OFFICE, NOR INCUR ANY INDEBTEDNESS UNLESS PREVIOUSLY AUTHORIZED TO DO SO BY THE BOARD. FORM 990, PART VI, SECTION B, LINE 11B THE PROCESS OF REVIEWING LA SALLE UNIVERSITY'S 990 RETURN INTERNALLY IS THOROUGH AND COMPLETE. THE FIRST STEP IN THE PROCESS REQUIRES THE FINANCIAL AUDIT TO BE SUBSTANTIALLY COMPLETE, AND THEN THE APPROPRIATE PERSONS AT THE UNIVERSITY ARE CONTACTED SO THEY MAY BEGIN PREPARING THEIR RESPECTIVE SECTIONS OF THE 990. THE DATA IS THEN GATHERED AND ENTERED INTO THE 990 AND SUPPORTING SCHEDULES. UPON COMPLETION OF THE 990, BY THE CONTROLLER, THE 990 (ALONG WITH ALL SUPPORTING SCHEDULES) IS SENT TO THE INDEPENDENT ACCOUNTANTS. ONCE REVIEWED BY THE INDEPENDENT ACCOUNTANTS, AND ANY QUESTIONS ANSWERED OR SUPPORT PROVIDED, IT IS SENT BACK TO THE UNIVERSITY FOR FINAL REVIEW AND PRESENTATION TO THE UNIVERSITY'S BOARD OF TRUSTEES. LASTLY, THE FINAL VERSION IS SENT TO THE VICE-PRESIDENT FOR FINANCE AND ADMINISTRATION FOR APPROVAL AND SIGNATURE. 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 LA SALLE. DISCLOSURES BY BOARD MEMBERS ARE DIRECTED TO THE PRESIDENT OR BOARD. 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 COMMITTEE OF THE BOARD OF TRUSTEES WHICH REVIEWS THE COMPENSATION OF THE PRESIDENT AND CERTAIN SENIOR UNIVERSITY EXECUTIVES. BEGINNING IN 2009, THE BOARD ENGAGED AN OUTSIDE CONSULTANT, YAFFE & COMPANY, INC. TO ADVISE ON EXECUTIVE COMPENSATION GOING FORWARD. THIS FIRM HAS BEEN A SPECIALIST IN REVIEWING NON-PROFIT EXECUTIVE COMPENSATION SINCE 1976. THE PROCESS UTILIZES CUSTOMIZED REGIONAL AND NATIONAL SALARY SURVEY DATA, COMPLIES WITH ALL IRS AND OTHER REQUIREMENTS FOR INDEPENDENCE, ACCOUNTABILITY, DISCLOSURE, AND DOCUMENTATION. CONSEQUENTLY, OUR EXECUTIVES ARE COMPENSATED COMPETITIVELY AND OUR TRUSTEES ARE SECURE IN KNOWING THAT ALL REGULATORY REQUIREMENTS HAVE BEEN MET. YAFFE WILL THEN PRESENT ITS FINDINGS AND RECOMMENDATIONS BACK TO THE LA SALLE COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES. AT THIS POINT, THERE WOULD BE DELIBERATION ON ANY RECOMMENDATIONS AND THE BOARD WILL ALSO TAKE INTO ACCOUNT ANY OTHER RELEVANT INFORMATION AND FACTORS IN DETERMINING THE REASONABLENESS OF EXECUTIVE COMPENSATION. THIS REVIEW LAST OCCURED IN 2019. THERE IS A COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES WHICH REVIEWS THE COMPENSATION OF THE PRESIDENT AND CERTAIN SENIOR UNIVERSITY EXECUTIVES. BEGINNING IN 2009, THE BOARD ENGAGED AN OUTSIDE CONSULTANT, YAFFE & COMPANY, INC. TO ADVISE ON EXECUTIVE COMPENSATION GOING FORWARD. THIS FIRM HAS BEEN A SPECIALIST IN REVIEWING NON-PROFIT EXECUTIVE COMPENSATION SINCE 1976. THE PROCESS UTILIZES CUSTOMIZED REGIONAL AND NATIONAL SALARY SURVEY DATA, COMPLIES WITH ALL IRS AND OTHER REQUIREMENTS FOR INDEPENDENCE, ACCOUNTABILITY, DISCLOSURE, AND DOCUMENTATION. CONSEQUENTLY, OUR EXECUTIVES ARE COMPENSATED COMPETITIVELY AND OUR TRUSTEES ARE SECURE IN KNOWING THAT ALL REGULATORY REQUIREMENTS HAVE BEEN MET. YAFFE WILL THEN PRESENT ITS FINDINGS AND RECOMMENDATIONS BACK TO THE LA SALLE COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES. AT THIS POINT, THERE WOULD BE DELIBERATION ON ANY RECOMMENDATIONS AND THE BOARD WILL ALSO TAKE INTO ACCOUNT ANY OTHER RELEVANT INFORMATION AND FACTORS IN DETERMINING THE REASONABLENESS OF EXECUTIVE COMPENSATION. THIS REVIEW LAST OCCURED IN 2019. FORM 990, PART VI, SECTION C, LINE 19 LA SALLE UNIVERSITY'S AUDITED FINANCIAL STATEMENTS AND IRS FORM 990 ARE MADE AVAILABLE UPON REQUEST. COIN CRI CLUB 20TH OLNEY AVENUE PHILADELPHIA PA 19141 232075569 HOLDS LICENSE PA 501(C)(3) 11C N/A 1 EMMET CORPORATION 1900 WEST OLNEY AVENUE PHILADELPHIA PA 19140 463317692 CHARITABLE PA 501(C)(3) 7 LA SALLE UNIVERSITY 1 LA SALLE UNIVERSITY - PIF (2) 1900 WEST OLNEY AVENUE PHILADELPHIA PA 19141 236835551 PIF PA T 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0