2021-04-30T12:43:57-05:00 2020-06-30 430765316 RUBINBROWN LLP ONE NORTH BRENTWOOD SAINT LOUIS MO 63105 990 2019-07-01 430694556 FONTBONNE UNIVERSITY FONT 3148623456 6800 WYDOWN BOULEVARD ST LOUIS MO 63105 ANN SPALL CFO / VP FINANCE 3148623456 2021-04-27 1 KIMBERLY A RYAN P00829977 3142903300 2019 2022-09-23 18:48:47Z ANN SPALL 6800 WYDOWN BOULEVARD ST LOUIS MO 63105 34709868 0 X WWW.FONTBONNE.EDU X 1923 MO FONTBONNE UNIVERSITY IS A COEDUCATIONAL INSTITUTION OF HIGHER LEARNING THAT SEEKS TO EDUCATE STUDENTS TO THINK CRITICALLY, TO ACT ETHICALLY AND TO ASSUME RESPONSIBILITY AS CITIZENS AND LEADERS. 21 21 722 100 0 0 5016504 2237839 29734373 29706358 598498 402378 588611 799593 35937986 33146168 11101144 12159835 0 0 16802502 14813566 0 0 1093112 9986498 9353996 37890144 36327397 -1952158 -3181229 59021704 51486952 28902316 32156506 30119388 19330446 X FONTBONNE UNIVERSITY IS A COEDUCATIONAL INSTITUTION OF HIGHER LEARNING DEDICATED TO THE DISCOVERY, UNDERSTANDING, PRESERVATION, AND DISSEMINATION OF TRUTH. FONTBONNE SEEKS TO EDUCATE STUDENTS TO THINK CRITICALLY, TO ACT ETHICALLY, AND TO ASSUME RESPONSIBILTY AS CITIZENS AND LEADERS. FONTBONNE OFFERS BOTH UNDERGRADUATE AND GRADUATE PROGRAMS IN AN ATMOSPHERE CHARACTERIZED BY INCLUSION, OPEN COMMUNICATION, AND PERSONAL CONCERN. THE UNDERGRADUATE PROGRAMS PROVIDE A SYNTHESIS OF LIBERAL AND PROFESSIONAL EDUCATION. AS A CATHOLIC UNIVERSITY SPONSORED BY THE SISTERS OF ST. JOSEPH OF CARONDELET, FONTBONNE IS ROOTED IN THE JUDEO-CHRISTIAN TRADITION. 0 0 30642697 12159835 30084318 FONTBONNE IS AN ACCREDITED UNIVERSITY THAT OFFERS UNDERGRADUATE, GRADUATE, AND DOCTORAL DEGREE PROGRAMS, WHICH ALSO PROVIDES AUXILIARY SERVICES SUCH AS DORMITORIES, DINING HALL AND A BOOK STORE FOR THE CONVENIENCE OF ITS STUDENTS AND FACULTY. TOTAL BENEFITTED (AVERAGE FTE) = 1,045IN MARCH 2020, THE COVID-19 VIRUS WAS DECLARED A GLOBAL PANDEMIC AND AS THIS TAX RETURN IS PREPARED, THE VIRUS CONTINUES TO SPREAD. FONTBONNE UNIVERSITY'S RESPONSE WAS A QUICK TURN FROM CAMPUS LIFE AND FACE TO FACE CLASSES IN MARCH 2020 TO AN ALL ONLINE TEACHING MODALITY AND A SHUT-DOWN OF OUR RESIDENCE HALLS.ST. LOUIS COUNTY AND CITY ISSUED A STAY AT HOME ORDER FOR ALL BUT ESSENTIAL WORKERS IN MARCH 2020 THEREFORE MUCH OF OUR CAMPUS WAS CLOSED OR ON A VERY LIMITED OPERATION FOR THE REMAINDER OF THE SPRING TERM AND THE SUMMER TERM. WE RETURNED TO MODIFIED OPERATIONS IN FALL 2020 WITH ACCOMMODATIONS MADE FOR ISOLATION AND QUARANTINE ROOMS IN OUR RESIDENCE HALLS, ONLINE/FACE TO FACE/BLENDED COURSE OFFERINGS AND PROTOCOLS IN PLACE TO FOLLOW ALL CDC GUIDANCE FOR A SAFE ENVIRONMENT FOR FACULTY, STAFF AND STUDENTS. A RESPONSE TEAM HAS BEEN MEETING SINCE MARCH 2020 ON AT LEAST ON A WEEKLY BASIS TO ASSURE THAT ALL PRECAUTIONS AND PLANNING IS IN PLACE FOR ALL ATHLETICS, STUDENT ACTIVITIES, ACADEMICS AND DINING FACILITIES AND THAT ALL ARE FOLLOWING CDC AND FONTBONNE GUIDELINES.BUSINESS CONTINUITY RELIES ON STUDENTS SEEKING A HIGHER EDUCATION WHICH HAS BEEN AFFECTED BY THE VIRUS FOR ALL INSTITUTIONS, NOT JUST FONTBONNE. MANAGEMENT IS CAREFULLY MONITORING THE SITUATION AND IS EVALUATING ITS OPTIONS DURING THIS TIME. DUE TO THE UNCERTAINTY OF THIS PANDEMIC, NO CONTINGENCY ADJUSTMENTS HAVE BEEN MADE TO THE FINANCIAL STATEMENTS OR THE TAX RETURN FOR THE YEAR ENDED JUNE 30, 2020. 30642697 1 1 0 0 0 0 0 1 0 1 1 0 0 1 1 0 1 0 1 1 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 47 0 722 1 0 0 0 0 0 0 0 0 0 0 0 0 X 21 21 0 0 0 0 0 0 0 1 1 0 1 1 1 1 1 1 1 1 1 1 0 X ANN SPALL 3148894586 6800 WYDOWN BOULEVARD ST LOUIS MO 63105 MARSHA BENNEY TRUSTEE 1.00 X 0 0 0 PATRICIA CLUNE CSJ TRUSTEE 1.00 X 0 0 0 ROSEANNE COOK CSJ TRUSTEE 1.00 X 0 0 0 THOMAS S ETLING TRUSTEE 1.00 X 0 0 0 DOTTI FISCHER TRUSTEE 1.00 X 0 0 0 KAREN S GEDERA CHAIRMAN 1.00 X 0 0 0 ALLEN J GRIEVE CSJA TRUSTEE 1.00 X 0 0 0 MARIE JOAN HARRIS CSJ TRUSTEE 1.00 X 0 0 0 DOUG KOCH TRUSTEE 1.00 X 0 0 0 AMY HEREFORD CSJ TRUSTEE 1.00 X 0 0 0 SANDRA G LEHRER TRUSTEE 1.00 X 0 0 0 SHAWN MADIGAN CSJ TRUSTEE 1.00 X 0 0 0 PEGGY MAGUIRE CSJA TRUSTEE 1.00 X 0 0 0 RICHARD J MARK TRUSTEE 1.00 X 0 0 0 MARY ANN NESTEL CSJ TRUSTEE 1.00 X 0 0 0 JULIANNE C NIEMANN TRUSTEE 1.00 X 0 0 0 JOSEPH M NOELKER TRUSTEE 1.00 X 0 0 0 BRIAN ABEL RAGEN TRUSTEE 1.00 X 0 0 0 BUZZ SZTUKOWSKI TRUSTEE 1.00 X 0 0 0 VALERIE E PATTON TRUSTEE 1.00 X 0 0 0 MSGR MICHAEL TUREK TRUSTEE 1.00 X 0 0 0 J MICHAEL PRESSIMONE PRESIDENT - UNTIL 05/20 40.00 X 233826 0 45256 LISA ZOBEL VP FIN. & ADMIN (CFO - UNTIL 06/20) 40.00 X 0 0 0 DR CAREY ADAMS VP ACADEMIC AFFAIRS - UNTIL 6/20 40.00 X 153352 0 33876 GALE BORKOWSKI RICE DEAN 40.00 X 148457 0 23559 JOSEPH DEIGHTON VP STUDENT AFFAIRS 40.00 X 112855 0 36212 CATHERINE M LOHRUM VP ADVANCEMENT - UNTIL 12/19 40.00 X 142528 0 38524 791018 0 177427 5 0 1 0 ALADDIN FOOD MANAGEMENT 16567 COLLECTIONS CENTER DR CHICAGO IL 60693 FOOD SERVICE 1121624 DOVETAIL INC 12 MARYLAND PLAZA ST LOUIS MO 63108 ADVERTISING/MARKETING 558128 GREENSFELDER HEMKER & GALE 10 S BROADWAY SUITE 2000 ST LOUIS MO 63102 LEGAL SERVICES 184821 HUSKEY TRAILWAYS 1 CAVE INDUSTRIAL DR FESTUS MO 63028 BUS TRANSPORTATION 130498 4 1154739 1083100 204990 2237839 TUITION AND FEES 611310 26634812 26634812 AUXILIARY SERVICES 611310 3071546 3071546 29706358 348713 348713 42068 0 42068 42068 42068 1617365 1563700 53665 53665 53665 GAIN ON INVOLUNTARY DISPOSAL OF A 611310 379565 379565 377960 377960 757525 33146168 30084318 0 824011 12159835 12159835 643644 380879 98537 164228 11934223 9330769 1870899 732555 99015 74201 19903 4911 1256956 606215 606784 43957 879728 707691 140556 31481 229508 229508 74550 74550 39051 39051 55200 55200 457790 457790 108509 31737 68898 7874 496981 279944 217037 1167822 1167822 33553 27131 6198 224 19245 18695 550 831010 831010 1458565 1370659 87906 396771 73160 323611 FOOD SERVICE 824378 821006 3372 ATHLETIC PROGRAMS 713548 713548 GRANT EXPENSES 291729 291729 MEMBERSHIPS 147213 101786 41847 3580 2008573 1197090 707731 103752 36327397 30642697 4591588 1093112 2278844 1861799 3403894 2811332 1441901 1614681 369042 661104 66053995 44993126 35611697 21060869 15210260 15252781 706066 574296 0 7650090 59021704 51486952 1312803 1025818 25078418 25666093 2511095 5464595 28902316 32156506 X 16175107 7566528 13944281 11763918 30119388 19330446 59021704 51486952 X -3181229 131325 -7739038 X 0 1 X 1 1 1 X 1898318 3323597 5432248 5016504 2237839 17908506 1898318 3323597 5432248 5016504 2237839 17908506 2292001 15616505 548003 497635 463132 417670 390781 2317221 169663 169663 379565 379565 20774955 156081910 0.75170 0.70440 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: GAIN ON INVOLUNTARY DISPOSAL OF ASSETS - 2019 AMOUNT: $ 379,565. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 90950 X LIBRARY ARTWORK 0 14456709 566006 909555 769314 15162956 14084230 268277 874951 770749 14456709 17220596 288170 1245443 4669979 14084230 17609122 163228 2689032 3240787 17220596 19210434 163172 332835 2097319 17609122 0.40200 0.43650 0.16150 0 0 94363 94363 19726794 14298104 5428690 6069538 4316553 1752985 14378793 12728762 1650031 25784507 13649707 12134800 21060869 ASSET HELD AS AVAILABLE FOR SALE 7650090 7650090 REFUNDABLE GOVERNMENT LOANS 823069 ASSET RETIREMENT OBLIGATION 223917 CONTRACT LIABILITIES 1212198 PAYCHECK PROTECTION PROGRAM LOAN 3205411 5464595 22699851 131325 131325 22568526 10577642 10577642 33146168 33488793 7739038 7739038 25749755 10577642 10577642 36327397 PART III, LINE 4: FONTBONNE PRESENTS ARTWORK THROUGHOUT THE LIBRARY. PART V, LINE 4: THE UNIVERSITY'S ENDOWMENT CONSISTS OF OVER 100 INDIVIDUAL FUNDS ESTABLISHED FOR A VARIETY OF PURPOSES, MOSTLY TO PROVIDE SCHOLARSHIPS FOR STUDENTS AND TO SUPPORT A VARIETY OF ACADEMIC PROGRAMS OFFERED BY THE UNIVERSITY. THE ENDOWMENT INCLUDES BOTH DONOR-RESTRICTED ENDOWMENT FUNDS AND FUNDS DESIGNATED BY THE BOARD OF TRUSTEES TO FUNCTION AS ENDOWMENTS (INCLUDING THE LONG-TERM RESERVES). PART XI, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID NETTED AGAINST REVENUES ON FINANCIAL STATEMENTS 10,577,642. PART XII, LINE 2D - OTHER ADJUSTMENTS: IMPAIRMENT OF ASSET HELD AS AVAILABLE FOR SALE 7,739,038. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID NETTED AGAINST REVENUES ON FINANCIAL STATEMENTS 10,577,642. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 STATEMENT IS INCLUDED IN ALL ADVERTISEMENTS, INCLUDING UNIVERSITY CATALOG. SCHEDULE E, PART I, LINE 6 THE UNIVERSITY PASSES THROUGH STUDENT FINANCIAL AID FROM THE DEPARTMENT OF EDUCATION TO ITS STUDENTS. 1 SCHOLARSHIPS TO STUDENTS 1008 12159835 COST TUITION AND OTHER COSTS OF ATTENDANCE PART I, LINE 2: THE GRANTS MADE BY THE UNIVERSITY PRIMARILY CONSIST OF STUDENT FINANCIAL AID FOR SCHOLARSHIPS. SCHOLARSHIPS ARE AWARDED AND MONITORED BY THE UNIVERSITY'S FINANCIAL AID DEPARTMENT TO ELIGIBLE STUDENTS BASED UPON A NUMBER OF DIFFERENT CRITERIA, INCLUDING MERIT, ACADEMIC ACHIEVEMENT, AND FINANCIAL NEED. 1,008 STUDENTS RECEIVED FINANCIAL AID DURING THE CURRENT FISCAL YEAR FROM A COMBINATION OF ALL SOURCES (FEDERAL, STATE AND INSTITUTIONAL). OF THE 1,008 STUDENTS RECEIVING FINANCIAL AID, 1,008 RECEIVED FUNDING FROM INSTITUTIONAL SOURCES. X 1 1 X X X 0 1 0 0 0 0 0 0 0 J MICHAEL PRESSIMONE PRESIDENT - UNTIL 05/20 233826 0 0 0 0 0 0 0 45256 0 279082 0 0 0 DR CAREY ADAMS VP ACADEMIC AFFAIRS - UNTIL 6/20 153352 0 0 0 0 0 0 0 33876 0 187228 0 0 0 GALE BORKOWSKI RICE DEAN 148457 0 0 0 0 0 0 0 23559 0 172016 0 0 0 CATHERINE M LOHRUM VP ADVANCEMENT - UNTIL 12/19 142528 0 0 0 0 0 0 0 38524 0 181052 0 0 0 X 12 204990 FAIR MARKET VALUE 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED BY MANAGEMENT AND THE AUDIT COMMITTEE OF THE BOARD OF DIRECTORS. SUBSEQUENT TO THE APPROVAL OF THE FORM BY THE AUDIT COMMITTEE, THE FORM IS PROVIDED TO THE BOARD OF TRUSTEES ELECTRONICALLY AND THEN FILED WITH THE IRS BY MANAGEMENT. FORM 990, PART VI, SECTION B, LINE 12C THE UNIVERSITY REQUIRES EACH TRUSTEE OF THE BOARD TO COMPLETE A CONFLICT OF INTEREST STATEMENT ON AN ANNUAL BASIS. THE PROCESS IS MONITORED BY THE PRESIDENT'S OFFICE. CONFLICTS OF INTEREST ARE SUMMARIZED BY THE PRESIDENT'S OFFICE AND, WHEN APPLICABLE, KEY EMPLOYEES AND/OR BOARD TRUSTEES ARE EXCUSED FROM MEETINGS AND VOTES WHEN A TOPIC RELATED TO THE CONFLICT IS BEING DISCUSSED OR VOTED ON BY THE UNIVERSITY. FORM 990, PART VI, SECTION B, LINE 15 SALARY ADJUSTMENTS FOR FACULTY AND STAFF ARE TYPICALLY MADE EFFECTIVE JULY 1 WITH THE START OF EACH NEW FISCAL YEAR, HOWEVER, SALARY INCREASES HAVE NOT BEEN MADE IN THE LAST YEAR GIVEN THE ECONOMIC CIRCUMSTANCES IN THE HIGHER EDUCATION INDUSTRY. ANY SALARY ADJUSTMENTS MADE ARE SUBJECT TO REVIEW AND APPROVAL BY EACH EMPLOYEE'S IMMEDIATE SUPERVISOR. THE TOTAL COMPENSATION PROVIDED TO THE UNIVERSITY PRESIDENT IS REVIEWED AND APPROVED BY THE EXECUTIVE COMMITTEE OF THE UNIVERSITY'S BOARD OF TRUSTEES. FORM 990, PART VI, SECTION C, LINE 19 THE DOCUMENTS ARE AVAILABLE UPON WRITTEN REQUEST ADDRESSED TO THE UNIVERSITY INSTITUTIONAL ADVANCEMENT OFFICE. FORM 990, PART XI, LINE 9: IMPAIRMENT OF ASSET HELD AS AVAILABLE FOR SALE -7,739,038. FORM 990, PART XI, LINE 9 DURING THE 2019-2020 ACADEMIC YEAR, FONTBONNE UNIVERSITY ANNOUNCED A RENEWED FOCUS ON ITS CLAYTON CAMPUS. CONSEQUENTLY, THE DECISION WAS MADE TO DIVEST ITSELF OF THE FONTBONNE WEST PROPERTY. AS A RESULT, MANAGEMENT RECORDED A NON-CASH IMPAIRMENT CHARGE ON THE LONG-LIVED ASSETS ASSOCIATED WITH THE CAMPUS AT JUNE 30, 2020.