2020-03-05T08:48:51-06:00 2019-06-30 390859910 BAKER TILLY VIRCHOW KRAUSE LLP 1570 FRUITVILLE PIKE SUITE 400 LANCASTER PA 17601 990 2018-07-01 240795406 MISERICORDIA UNIVERSITY MISE 5706746400 301 LAKE STREET DALLAS PA 186121090 MARK VAN ETTEN VP, FINANCE AND ADMIN/TREAS. 5706746400 2020-03-04 1 KERRI N BOGDA CPA P00760402 7177404863 50.211.1.210 2020-03-04 09:49:16 ES P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 BF90B4BE16E9AE312C0D8383967EBAED4A365E8B 2018 2021-01-29 14:40:06Z THOMAS J BOTZMAN PHD 301 LAKE STREET DALLAS PA 186121090 143606977 0 0928 X WWW.MISERICORDIA.EDU X 1924 PA TO PROVIDE HIGHER EDUCATION SERVICES. 31 29 1368 29 288905 0 6265054 6859912 81314554 83431843 3351784 9063907 546672 695106 91478064 100050768 28430462 29345182 0 0 38199616 38202408 39762 12919 1530345 20893301 21391299 87563141 88951808 3914923 11098960 176076272 204504007 41842395 64221586 134233877 140282421 X MISERICORDIA UNIVERSITY, A CATHOLIC LIBERAL ARTS INSTITUTION ESTABLISHED IN THE TRADITION OF THE SISTERS OF MERCY, FOSTERS INTELLECTUAL CURIOSITY, CRITICAL THINKING, AND RESPECT FOR PERSONS IN AN ENVIRONMENT WHERE ALL ARE WELCOME.VALUES STATEMENT: SISTERS OF MERCY AS THE FOUNDATION COMMUNITY, WE ARE COMMITTED TO INTEGRITY AND THE VALUES OF THE SISTERS OF MERCY AND THE FOUNDATION OF UNIVERSITY LIFE. OUR VALUES ARE: MERCY THROUGH COMPASSION, LOVE AND CARING; SERVICE THROUGH SELFLESSNESS, SACRIFICE AND ACTION; JUSTICE THROUGH FAIRNESS, ACCEPTANCE AND ADVOCACY; HOSPITALITY WITH DIGNITY, RESPECT AND OPENNESS. 0 0 79595939 29345182 83724453 MISERICORDIA UNIVERSITY IS A CATHOLIC LIBERAL ARTS INSTITUTION ESTABLISHED IN THE TRADITION OF THE SISTERS OF MERCY IN 1924. THE UNIVERSITY FOSTERS INTELLECTUAL CURIOSITY, CRITICAL THINKING, AND RESPECT FOR PERSONS IN AN ENVIRONMENT WHERE ALL ARE WELCOME. THE UNIVERSITY OFFERS UNDERGRADUATE AND GRADUATE PROGRAMS TO RESIDENT AND COMMUTER STUDENTS WHO CAN CHOOSE FROM MAJORS IN THREE DISTINCT ACADEMIC COLLEGES. THE COLLEGE OF ARTS AND SCIENCES OFFERS MAJOR DEGREE PROGRAMS IN BIOCHEMISTRY, BIOLOGY, CHEMISTRY, CLINICAL LABORATORY SCIENCE, COMPUTER SCIENCE, ENGLISH, GOVERNMENT, LAW AND NATIONAL SECURITY, HISTORY, MATHEMATICS, MEDICAL AND HEALTH HUMANITIES, PHILOSOPHY, PSYCHOLOGY, AND STATISTICS AS WELL AS A NUMBER OF MINOR DEGREE PROGRAMS. DUAL CREDENTIALS ARE AVAILABLE IN HISTORY/MBA, HISTORY/ORGANIZATIONAL MANAGEMENT, PHILOSOPHY/ORGANIZATIONAL MANAGEMENT AND PSYCHOLOGY/ORGANIZATIONAL MANAGEMENT. SPECIALIZATIONS IN PRE-LAW (ENGLISH, HISTORY, MEDICAL AND HEALTH HUMANITIES, PHILOSOPHY), PRE-PROFESSIONAL (BIOCHEMISTRY, CHEMISTRY), PRE-DPT (BIOCHEMISTRY, BIOLOGY, MEDICAL AND HEALTH HUMANITIES), SECONDARY EDUCATION CERTIFICATION (BIOLOGY, CHEMISTRY, ENGLISH, MATHEMATICS), AND CITIZENSHIP CERTIFICATION IN HISTORY. THE COLLEGE OF HEALTH SCIENCES & EDUCATION OFFERS MAJOR DEGREE PROGRAMS IN DIAGNOSTIC MEDICAL SONOGRAPHY, EARLY CHILDHOOD & SPECIAL EDUCATION, HEALTH SCIENCE, MEDICAL IMAGING, MIDDLE LEVEL EDUCATION, NURSING BSN, RN-BSN, OCCUPATIONAL SCIENCE, SECONDARY EDUCATION AND SOCIAL WORK, AS WELL AS MINOR DEGREE PROGRAMS IN ADDICTIONS COUNSELING, GERONTOLOGY AND PATIENT NAVIGATION. POST-CERTIFICATION IS AVAILABLE IN DIAGNOSTIC MEDICAL SONOGRAPHY. CERTIFICATION PROGRAMS ARE AVAILABLE IN ADDICTIONS COUNSELING, AUTISM SPECTRUM DISORDERS, DIAGNOSTIC MEDICAL SONOGRAPHY, GERIATRIC CARE MANAGER, HEALTH ANALYTICS, POST MASTERS NURSING, PATIENT NAVIGATION AND READING SPECIALIST.THE COLLEGE OF HEALTH SCIENCES & EDUCATION OFFERS DUAL CREDENTIALS IN HEALTH SCIENCE/SPEECH PATHOLOGY, MEDICAL IMAGING/DIAGNOSTIC MEDICAL SONOGRAPHY, MEDICAL IMAGING/ORGANIZATIONAL MANAGEMENT AND NURSING DNP/BSN TO DNP, AS WELL AS ENTRY LEVEL PROFESSIONAL MASTER OF SCIENCE DEGREES IN ADULT-GERONTOLOGIC PRIMARY CARE NURSE PRACTITIONER, EDUCATION, HEALTHCARE ANALYTICS, NURSING, OCCUPATIONAL THERAPY, PHYSICAL THERAPY, PHYSICIAN ASSISTANT STUDIES, AND SPEECH-LANGUAGE PATHOLOGY; A POST-PROFESSIONAL MASTER OF SCIENCE DEGREE IN OCCUPATIONAL THERAPY; AND POST PROFESSIONAL DOCTORIAL DEGREES IN PHYSICAL THERAPY, OCCUPATIONAL THERAPY, NURSING, AND NURSING EDUCATION. THE COLLEGE OF BUSINESS OFFERS MAJOR DEGREE PROGRAMS IN ACCOUNTING, BUSINESS ADMINISTRATION, HEALTH CARE MANAGEMENT, INFORMATION TECHNOLOGY, MASS COMMUNICATION AND DESIGN, PROFESSIONAL STUDIES, AND SPORTS MANAGEMENT ALONG WITH A NUMBER OF MINOR DEGREE PROGRAMS. SPECIALIZATION IN PRE-DPT INCLUDES HEALTH CARE MANAGEMENT. GRADUATE PROGRAMS INCLUDE BUSINESS ADMINISTRATION AND ORGANIZATIONAL MANAGEMENT.MISERICORDIA UNIVERSITY IS REGIONALLY ACCREDITED BY THE MIDDLE STATES COMMISSION ON HIGHER EDUCATION. THE UNIVERSITY IS ALSO OFFICIALLY RECOGNIZED BY THE FOLLOWING ACCREDITING AGENCIES: ACCREDITATION COUNCIL FOR OCCUPATIONAL THERAPY EDUCATION, COMMISSION ON ACCREDITATION IN PHYSICAL THERAPY EDUCATION, AMERICAN PHYSICAL THERAPY ASSOCIATION, COMMISSION ON ACCREDITATION OF ALLIED HEALTH EDUCATION PROGRAMS, COMMISSION ON COLLEGIATE NURSING EDUCATION, COUNCIL ON ACADEMIC ACCREDITATION IN AUDIOLOGY AND SPEECH-LANGUAGE PATHOLOGY OF THE AMERICAN SPEECH-LANGUAGE-HEARING ASSOCIATION, COUNCIL ON SOCIAL WORK EDUCATION, INTERNATIONAL ACCREDITATION COUNCIL FOR BUSINESS EDUCATION, PENNSYLVANIA DEPARTMENT OF EDUCATION, AND THE JOINT REVIEW COMMITTEE ON EDUCATION IN RADIOLOGIC TECHNOLOGY. MISERICORDIA UNIVERSITY HAS LEGAL PERMISSION FROM THE PENNSYLVANIA STATE BOARD OF NURSE EXAMINERS TO OPERATE A SCHOOL OF NURSING IN THE COMMONWEALTH OF PENNSYLVANIA. VARIOUS OTHER STATE EDUCATION DEPARTMENTS ALSO RECOGNIZE THE UNIVERSITY'S ACADEMIC PROGRAMS.THE MASTER'S DEGREE IN EDUCATION OFFERED BY MISERICORDIA UNIVERSITY IS FULLY APPROVED BY THE PENNSYLVANIA DEPARTMENT OF EDUCATION. THE MASTER'S DEGREE IN NURSING IS FULLY ACCREDITED BY THE COMMISSION ON COLLEGIATE NURSING EDUCATION OF THE AMERICAN ASSOCIATION OF COLLEGES OF NURSING. THE PROFESSIONAL MASTER'S DEGREE PROGRAM IN OCCUPATIONAL THERAPY IS FULLY ACCREDITED BY THE ACCREDITATION COUNCIL FOR OCCUPATIONAL THERAPY EDUCATION. THE ENTRY LEVEL PROGRAM IN PHYSICAL THERAPY IS FULLY ACCREDITED BY THE COMMISSION ON ACCREDITATION OF PHYSICAL THERAPY EDUCATION, AMERICAN PHYSICAL THERAPY ASSOCIATION. THE OCCUPATIONAL THERAPY DOCTORAL PROGRAM (OTD) ARE FULLY APPROVED BY THE PENNSYLVANIA DEPARTMENT OF EDUCATION. THE MASTER'S DEGREE IN BUSINESS ADMINISTRATION AND THE MASTER'S DEGREE IN ORGANIZATIONAL MANAGEMENT HAVE ACCREDITATION BY THE INTERNATIONAL ASSEMBLY FOR COLLEGIATE BUSINESS EDUCATION. THE PROFESSIONAL MASTER'S DEGREE PROGRAM IN SPEECH-LANGUAGE PATHOLOGY AT MISERICORDIA UNIVERSITY IS ACCREDITED BY THE COUNCIL ON ACADEMIC ACCREDITATION IN AUDIOLOGY AND SPEECH-LANGUAGE PATHOLOGY, AMERICAN SPEECH-LANGUAGE-HEARING ASSOCIATION.THE ACCREDITATION REVIEW COMMISSION ON EDUCATION FOR THE PHYSICIAN ASSISTANT (ARC-PA) IS THE ACCREDITING AGENCY THAT PROTECTS THE INTERESTS OF THE PUBLIC AND PA PROFESSION BY DEFINING THE STANDARDS FOR PA EDUCATION AND EVALUATING PA EDUCATIONAL PROGRAMS WITHIN THE TERRITORIAL UNITED STATES TO ENSURE THEIR COMPLIANCE WITH THOSE STANDARDS. THE FOLLOWING STATEMENT IS PROVIDED BY ARC-PA: "THE ARC-PA HAS GRANTED ACCREDITATION - PROVISIONAL STATUS TO THE MISERICORDIA UNIVERSITY PHYSICIAN ASSISTANT PROGRAM SPONSORED BY MISERICORDIA UNIVERSITY. ACCREDITATION-PROVISIONAL IS AN ACCREDITATION STATUS GRANTED WHEN THE PLANS AND RESOURCE ALLOCATION, IF FULLY IMPLEMENTED AS PLANNED, OF A PROPOSED PROGRAM THAT HAS NOT YET ENROLLED STUDENTS APPEAR TO DEMONSTRATE THE PROGRAM'S ABILITY TO MEET THE ARC-PA STANDARDS OR WHEN A PROGRAM HOLDING ACCREDITATION-PROVISIONAL STATUS APPEARS TO DEMONSTRATE CONTINUED PROGRESS IN COMPLYING WITH THE STANDARDS AS IT PREPARES FOR THE GRADUATION OF THE FIRST CLASS (COHORT) OF STUDENTS. ACCREDITATION-PROVISIONAL DOES NOT ENSURE ANY SUBSEQUENT ACCREDITATION STATUS. IT IS LIMITED TO NO MORE THAN FIVE YEARS FROM MATRICULATION OF THE FIRST CLASS.THE TOTAL HEADCOUNT FOR FALL 2018 INCLUDED 2,625 STUDENTS. 79595939 1 1 0 1 0 0 0 1 0 1 1 0 0 0 1 1 1 0 0 1 1 0 1 1 1 0 0 0 1 1 1 0 0 0 0 0 0 1 0 0 1 1 0 0 0 1 1 1 0 0 0 1 4020 0 1368 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 31 29 1 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 PA X RONALD HROMISIN ASSOCIATE VICE PRESIDENT OF FINANCE 5706746400 301 LAKE STREET DALLAS PA 18612 MICHAEL AMORY TRUSTEE (RES. 6/15/19) 0.20 X 0 0 0 MSGR JOHN J BENDIK TRUSTEE 0.20 X 0 0 0 CHRISTOPHER L BORTON CHAIRMAN 0.20 X X 0 0 0 JONATHAN BRASSINGTON TRUSTEE 0.20 X 0 0 0 REVEREND MICHAEL BRYANT TRUSTEE 0.20 X 0 0 0 ALFRED CASALE MD TRUSTEE 0.20 X 0 0 0 CORNELIO CATENA TRUSTEE 0.20 X 0 0 0 R GREGORY COLLINS TRUSTEE 0.20 X 0 0 0 DR RUTH A CONNOLLY TRUSTEE 0.20 X 0 0 0 JODY CORDARO TRUSTEE (RES. 6/15/19) 0.20 X 0 0 0 HARRIS CUTLER TRUSTEE 0.20 X 0 0 0 MARY ERWINE TRUSTEE 0.20 X 0 0 0 PATRICIA FINAN-CASTELLANO TRUSTEE 0.20 X 0 0 0 HAROLD E FLACK II TRUSTEE 0.20 X 0 0 0 MARY ELLEN FUHRMAN RSM TRUSTEE 0.20 X 0 0 0 CAROL ANN GALLAGHER RSM TRUSTEE 0.20 X 0 0 0 THE HON TINA POLACHEK GARTLEY TRUSTEE 0.20 X 0 0 0 ROGER HOWELL TRUSTEE 0.20 X 0 0 0 PHILIP JOHNSON TRUSTEE 0.20 X 0 0 0 KRISTOPHER B JONES TRUSTEE 0.20 X 0 0 0 MARJORIE MARQUART TRUSTEE 0.20 X 0 0 0 SR CATHERINE MCGROARTY RSM TRUSTEE 0.20 X 0 0 0 MAUREEN METZ TRUSTEE 0.20 X 0 0 0 DANIEL MEUSER TRUSTEE 0.20 X 0 0 0 DR MARY HELEN NUGENT RSM TRUSTEE 0.20 X 0 0 0 MARK J OBERSTAEDT ESQ TRUSTEE 0.20 X 0 0 0 DR CAROL RITTNER RSM TRUSTEE 0.20 X 0 0 0 PAUL SIEGEL TRUSTEE 0.20 X 0 0 0 DR DEBORAH SMITH-MILESKI VICE-CHAIR 0.20 X X 0 0 0 SR MAYON SYLVAIN RSM TRUSTEE 0.20 X 0 0 0 MARK VAN LOON ESQ TRUSTEE 0.20 X 0 0 0 PAUL WOELKERS TRUSTEE 0.20 X 0 0 0 THOMAS ZESK TRUSTEE 0.20 X 0 0 0 THOMAS J BOTZMAN PHD PRESIDENT 40.00 X 346924 0 74179 DAVID REHM VICE PRESIDENT 40.00 X 181172 0 39207 BARBARA SAMUEL SECRETARY 40.00 X 152151 0 21430 MARK VAN ETTEN TREASURER 40.00 X 149216 0 37950 SUSAN HELWIG VP - UNIV ADVANCEMENT 40.00 X 170516 0 21742 JACK GOBLE ASST PROF/DEPT CHAIR (UNTIL 12/18) 40.00 X 154518 0 13083 LEAMOR KAHANOV DEAN- HEALTH SCIENCES 40.00 X 153849 0 36782 GLEN TELLIS PROFESSOR 40.00 X 141543 0 12657 SUSAN BARKER PROFESSOR 40.00 X 138763 0 36025 1588652 0 293055 30 0 1 0 METZ & ASSOCIATES LTD 301 LAKE STREET DALLAS PA 18612 FOOD SERVICE 2897956 AMERICAN ASPHALT 500 CHASE ROAD SHAVERTOWN PA 18708 PAVING/SITE CONTRACTOR 2452967 THE SLAM COLLABORATIVE 80 GLASTONBURY BOULEVARD GLASTONBURY CT 06033 ENGINEERING SVC. 897310 A PICKETT CONSTRUCTION INC 128 WEST VAUGH STREET KINGSTON PA 18704 CONSTRUCTION SVC. 669514 SORDONI CONSTRUCTION SERVICE 45 OWEN STREET FORTY FORT PA 18704 CONSTRUCTION SVC. 534327 28 39597 2685519 4134796 605241 6859912 STUDENT TUITION & FEES 611600 71684101 71684101 ROOM & BOARD 721310 11680855 11680855 BOOKSTORE 451211 49091 49091 GOVERNMENT ADMIN FEE 561000 17796 17796 83431843 2598853 2598853 210019 210019 11950 5357 6593 6593 6593 49783261 43528226 6255035 6255035 6255035 14803 39597 22626 -7823 -7823 SUMMER CAMPS/CONFERENCES 611710 292244 95532 196712 AUTISM LIFELONG LEARNING 611310 158873 158873 OUTSIDE PRINTING REVENUE 561439 80790 80790 164429 87296 11403 65730 696336 100050768 83724453 288905 9177498 29294280 29294280 50902 50902 1016299 1016299 27650175 24909986 1861058 879131 4051485 3649975 274369 127141 1603861 1444915 108615 50331 3880588 3496014 262796 121778 195513 195513 69850 69850 55300 55300 12919 12919 149001 149001 2303221 1460407 755982 86832 641518 25157 615613 748 1624251 1322756 187180 114315 1627609 775172 852437 2169013 1899632 269066 315 1146900 955590 139097 52213 397469 319695 74908 2866 1857935 1830003 27932 4873283 4268998 604285 434697 380751 53946 FOOD SERVICE 2854835 2726742 113635 14458 MEMBERSHIPS 385228 240502 140381 4345 JANITORIAL 116231 101807 14424 ACADEMIC PGRM. REIMB. 44585 44585 444860 398070 39137 7653 88951808 79595939 7825524 1530345 138853 163224 16530737 22153710 6947039 7641459 1547534 1494997 267999 277437 173499 117816 164352352 69612452 89314579 94739900 52759680 69708715 2416502 2296033 5979850 5910716 176076272 204504007 5175552 5250981 3701195 3911804 30246934 52080317 2718714 2978484 41842395 64221586 X 79908172 98635637 30994793 16486408 23330912 25160376 134233877 140282421 176076272 204504007 X 11098960 -5016579 -33837 X 0 1 X 1 1 1 X 6169572 9242741 5063599 6265054 6859912 33600878 6169572 9242741 5063599 6265054 6859912 33600878 8006504 25594374 879294 886846 1232939 1823133 2820822 7643034 78175 77145 74257 87600 80533 397710 41641622 409193257 0.61460 0.63770 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: STUDENT PARKING/FEES - 2014 AMOUNT: $ 78,175. 2015 AMOUNT: $ 77,145. 2016 AMOUNT: $ 74,257. 2017 AMOUNT: $ 75,395. 2018 AMOUNT: $ 65,730. NON-CHARITABLE FUNDRAISING RECEIPTS - 2017 AMOUNT: $ 12,205. 2018 AMOUNT: $ 14,803. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 0 0 1 55300 55300 0 PART II-B, LINE 1: LONG NYQUIST & ASSOCIATES, LLC CONDUCTED LEGISLATIVE NETWORKING ON BEHALF OF THE UNIVERSITY IN ORDER TO INTRODUCE THE UNIVERSITY INTO THE DECISION MAKING PROCESS FOR AVAILABLE GRANTS. THEY ALSO RELAYED POTENTIAL GRANT INFORMATION BACK TO THE UNIVERSITY. 0 1396083 X 0 52521742 938515 2270380 897753 137950 54694934 49223679 796976 3648322 881251 265984 52521742 43549699 716080 5764768 633208 173660 49223679 44087111 1798376 -1608124 580710 146954 43549699 39366557 4296423 964203 417606 122466 44087111 0.45000 0.45000 0.10000 1 0 1961425 1961425 123172149 43446519 79725630 11266422 6219362 5047060 22895336 19946571 2948765 5057020 5057020 94739900 STUDENT DEPOSITS & ADVANCES 561381 ANNUITIES PAYABLE 11676 ADVANCE FROM FED. GOVT-STUD. LOANS 2085614 ASSET RETIREMENT OBLIGATIONS 40919 ACCRUED PENSION COST 278894 2978484 X 66946165 -5016579 -28104604 -33121183 100067348 -16580 -16580 100050768 60897621 27983 27983 60869638 28082170 28082170 88951808 PART III, LINE 4: THE UNIVESITY MAINTAINS A COLLECTION OF ARTWORK UTILIZED IN THE DECOR OF VARIOUS UNIVERSITY BUILDINGS INCLUDING ITS ART GALLERY. THE UNIVERSITY'S ART GALLERY AND COLLECTION ARE INTEGRAL PARTS OF THE FINE ARTS COLLECTION. PART V, LINE 4: ANNUAL EARNINGS FROM THE UNIVERSITY'S ENDOWMENT ARE USED FOR THE FOLLOWING PURPOSES: 1. PRESERVATION OF THE ENDOWMENT PRINCIPAL TO PROVIDE CONTINUED EARNINGS. 2. USE OF AN ANNUALLY PRE-DETERMINED ENDOWMENT SPENDING RATE TO INCREASE FUNDS AVAILABLE FOR USE IN AWARDING ANNUAL SCHOLARSHIPS. 3. FUNDING OF A SPENDING RESERVE TO BE USED IN YEARS WHEN ANNUAL EARNINGS CANNOT SUPPORT THE PRESERVATION OF ENDOWMENT PRINCIPAL AND THE ENDOWMENT SPENDING RATE. PART X, LINE 2: THE UNIVERSITY ACCOUNTS FOR UNCERTAINTIES IN INCOME TAXES IN ACCORDANCE WITH AUTHORITATIVE GUIDANCE, WHICH PRESCRIBES A RECOGNITION THRESHOLD OF MORE-LIKELY-THAN-NOT TO BE SUSTAINED UPON EXAMINATION BY THE APPROPRIATE TAXING AUTHORITY. MEASUREMENT OF THE TAX UNCERTAINTY OCCURS IF THE RECOGNITION THRESHOLD HAS BEEN MET. THE UNIVERSITY DOES NOT BELIEVE ITS FINANCIAL STATEMENTS INCLUDE ANY UNCERTAIN TAX POSITIONS. THE UNIVERSITY'S POLICY IS TO RECOGNIZE INTEREST RELATED TO UNRECOGNIZED TAX BENEFITS IN INTEREST EXPENSE AND PENALTIES IN OPERATING EXPENSES. NO INTEREST OR PENALTIES WAS RECOGNIZED IN 2019 AND 2018. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN SPLIT-INTEREST AGREEMENTS -69,134. MINIMUM PENSION LIABILITY ADJUSTMENT 46,700. STUDENT SCHOLARSHIPS -27,933,169. INVESTMENT FEES -149,001. PART XI, LINE 4B - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES -22,626. RENTAL EXPENSES -5,357. CULTURAL EVENT REVENUE NOT REPORTED ON LINE 1 11,403. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES 22,626. RENTAL EXPENSES 5,357. PART XII, LINE 4B - OTHER ADJUSTMENTS: STUDENT SCHOLARSHIPS 27,933,169. INVESTMENT EXPENSES 149,001. 0 CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS, 0 0 PROGRAM SERVICES EDUCATIONAL/VOLUNTEERISM ACTIVITIES 11943 EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM 0 0 PROGRAM SERVICES EDUCATIONAL/VOLUNTEERISM ACTIVITIES 1869 EAST ASIA AND THE PACIFIC - AUSTRALIA, BRUNEI, BURMA, CAMBODIA, 0 0 PROGRAM SERVICES STUDY ABROAD - ADMIN 4629 EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM 0 0 PROGRAM SERVICES STUDY ABROAD - ADMIN 20519 NORTH AMERICA - CANADA AND MEXICO, BUT NOT THE UNITED STATES 0 0 PROGRAM SERVICES STUDY ABROAD - ADMIN 1597 CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS, 0 0 PROGRAM SERVICES STUDY ABROAD - ADMIN 430 MIDDLE EAST AND NORTH AFRICA - ALGERIA, BAHRAIN, DJIBOUTI, EGYPT, 0 0 PROGRAM SERVICES STUDY ABROAD - ADMIN 8065 SOUTH AMERICA - ARGENTINA, BOLIVIA, BRAZIL, CHILE, COLUMBIA, ECUADOR, 0 0 PROGRAM SERVICES STUDY ABROAD - ADMIN 35 EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM 0 0 PROGRAM SERVICES STUDY ABROAD 91269 0 0 0 0 0 0 49087 91269 140356 FINANCIAL AID EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIU 9 50902 TUITION REDUCTION 0 0 0 0 0 0 X X X X X X X 1 SNAVELY ASSOCIATES 112 W FOSTER AVE 401 STATE COLLEGE PA 16804 CAPITAL CAMPAIGN CONSULTANT 0 0 12919 0 12919 PA MU GOLF TOURNAMENT 41310 28357 12953 1000 7086 5867 635 WWC MOTHER'S DAY BRUNCH 13090 11240 1850 3820 3896 322 54400 39597 14803 4820 7086 9763 957 22626 -7823 1 STUDENT ACADEMIC SCHOLARSHIPS 1895 29294280 N/A PART I, LINE 2: THE UNIVERSITY PROVIDES ITS STUDENTS WITH VARIOUS SCHOLARSHIPS THAT ARE AWARDED BASED ON VARIOUS CRITERIA. EACH STUDENT'S ELIGIBILITY IS VERIFIED PRIOR TO AWARDING. THE UNIVERSITY AWARDS THE GRANTS DIRECTLY TO OUTSTANDING BALANCES TO ENSURE THE PROPER USE OF AWARDED FUNDS. X X 1 1 X X X X 0 1 0 0 0 0 0 1 0 THOMAS J BOTZMAN PHD PRESIDENT 276723 0 65400 0 4801 0 50790 0 23389 0 421103 0 0 0 DAVID REHM VICE PRESIDENT 181172 0 0 0 0 0 17598 0 21609 0 220379 0 0 0 BARBARA SAMUEL SECRETARY 152151 0 0 0 0 0 12196 0 9234 0 173581 0 0 0 MARK VAN ETTEN TREASURER 149216 0 0 0 0 0 14579 0 23371 0 187166 0 0 0 SUSAN HELWIG VP - UNIV ADVANCEMENT 170516 0 0 0 0 0 16171 0 5571 0 192258 0 0 0 JACK GOBLE ASST PROF/DEPT CHAIR (UNTIL 12/18) 154518 0 0 0 0 0 7431 0 5652 0 167601 0 0 0 LEAMOR KAHANOV DEAN- HEALTH SCIENCES 153849 0 0 0 0 0 15751 0 21031 0 190631 0 0 0 GLEN TELLIS PROFESSOR 141543 0 0 0 0 0 12297 0 360 0 154200 0 0 0 SUSAN BARKER PROFESSOR 138763 0 0 0 0 0 11604 0 24421 0 174788 0 0 0 PART I, LINE 1A THE UNIVERSITY FURNISHES THE PRESIDENT AND HIS FAMILY WITH HOUSING OWNED BY THE UNIVERSITY, WHICH IS REQUIRED AS A CONDITION OF EMPLOYMENT. THE PRESIDENT AND HIS FAMILY WILL RESIDE IN THE HOME THROUGHOUT HIS TERM. THE HOUSE IS ALSO USED TO HOST UNIVERSITY-RELATED FUNCTIONS. THIS BENEFIT WAS NOT INCLUDED IN TAXABLE COMPENSATION AS IT QUALIFIES FOR EXCLUSION UNDER INTERNAL REVENUE CODE SECTION 119(D) DUE TO BEING REQUIRED AS A CONDITION OF EMPLOYMENT AND FOR THE CONVENIENCE OF THE EMPLOYER. THE UNIVERSITY IS RESPONSIBLE FOR PAYING THE COST OF ALL UTILITIES AND REASONABLE EXPENSES, INCLUDING MAINTENANCE AND RENOVATIONS TO THE PRESIDENT'S RESIDENCE AND GROUNDS AND EXCLUDING PERSONAL TELEPHONE CHARGES. THE UNIVERSITY PAYS DUES FOR MEMBERSHIPS IN SUCH PROFESSIONAL AND COMMUNITY ASSOCIATIONS AND ORGANIZATIONS, AND FOR ATTENDANCE BY THE PRESIDENT AT CONFERENCES AND MEETINGS, AS DEEMED APPROPRIATE FOR THE PRESIDENT'S EXECUTION OF THE DUTIES OF HIS OFFICE. THIS INCLUDES MEMBERSHIP FEES TO THE WESTMORELAND CLUB AND HUNTSVILLE GOLF CLUB. THESE BENEFITS ARE NOT INCLUDED IN THE PRESIDENT'S TAXABLE COMPENSATION GIVEN THE BUSINESS NATURE SURROUNDING THESE MEMBERSHIPS. PART I, LINE 4B THOMAS BOTZMAN, THE PRESIDENT, PARTICIPATES IN A NON-QUALIFIED PLAN. THE UNIVERSITY CONTRIBUTED $25,000 TO THE PLAN DURING THE FISCAL YEAR. PART I, LINE 7 THE PRESIDENT OF THE UNIVERSITY MAY RECEIVE AN INCENTIVE-BASED ANNUAL BONUS AT THE DISCRETION OF THE BOARD OF TRUSTEES. THE DECISION TO AWARD A BONUS IS BASED UPON THE PRESIDENT'S PERFORMANCE DURING THE PREVIOUS YEAR AND MEASURED AGAINST THE GOALS, OBJECTIVES, AND EXPECTATIONS MUTUALLY ESTABLISHED BY THE PRESIDENT AND THE BOARD OF TRUSTEES ANNUALLY. A DALLAS AREA MUNICIPAL AUTHORITY 231746641 235171AM7 2014-09-02 29617498 FULLY REFUND 2010-2012 TERM LOANS AND PARTIALLY REFUND THE 2008 BOND ISSUE. 0 0 0 B DALLAS AREA MUNICIPAL AUTHORITY 231746641 235171AR6 2019-02-13 30248089 FULLY REFUND THE REMAINING 2008 BOND ISSUE AND FINANCE CAPITAL PROJECTS. 0 0 0 A 6460000 29617498 2618661 490045 26679602 2014 1 0 1 1 B 30374145 2700743 505732 5218250 6595000 15288128 2021 1 0 1 1 A 0 0 1 1 0 0.00000 0.00000 0.00000 0 0 1 B 0 0 1 1 0 0.00000 0.00000 0.00000 0 0 1 A 0 1 0 0 0 0 0 0 1 B 0 1 0 0 0 0 0 0 1 A 1 B 1 SCHEDULE K, PART IV, LINE 4C: THE ORGANIZATION TERMINATED ITS HEDGE WHEN THE BOND ISSUE WAS REFINANCED IN SEPTEMBER 2014. SCHEDULE K, PART II, LINE 3: THE PROCEEDS INCLUDE INTEREST AND DIVIDENDS EARNED ON THE CONSTRUCTION FUND ACCOUNT. PER IRS INSTRUCTIONS NAMES ARE NOT PER IRS INSTRUCTIONS, INTERESTED PERSONS ARE NOT INDIVIDUALLY NAMED. 61380 TUITION ASSISTANCE EMPLOYEE BENEFITS CHRISTOPHER L BORTON BOARD MEMBER 101416 ENGINEERING AND ARCHITECTURAL SERVICES ARE PROVIDED TO THE UNIVERSITY BY BORTON-LAWSON ENGINEERING. CHRISTOPHER L. BORTON, THE SENIOR ADVISOR OF THE FIRM, ALSO SERVES AS A BOARD MEMBER OF THE UNIVERSITY. THE BOARD MAINTAINS A CONFLICT OF INTEREST POLICY, AND ALL TRANSACTIONS WITH BORTON-LAWSON ENGINEERING ARE CONDUCTED AT ARM'S LENGTH. 0 MAUREEN METZ BOARD MEMBER 2883536 FOOD SERVICE FOR THE UNIVERSITY IS PROVIDED BY METZ & ASSOCIATES, LTD. MAUREEN METZ IS THE EXECUTIVE VICE PRESIDENT OF METZ & ASSOCIATES, LTD AND ALSO SERVES AS A BOARD MEMBER OF THE UNIVERSITY. THE BOARD MAINTAINS A CONFLICT OF INTEREST POLICY AND ALL TRANSACTIONS WITH METZ & ASSOCIATES, LTD ARE CONDUCTED AT ARM'S LENGTH. 0 JOHN C METZ FORMER BOARD MEMBER 2883536 FOOD SERVICE FOR THE UNIVERSITY IS PROVIDED BY METZ & ASSOCIATES, LTD. JOHN C. METZ IS THE EXECUTIVE CHAIRMAN OF METZ & ASSOCIATES, LTD AND ALSO SERVED AS A BOARD MEMBER OF THE UNIVERSITY UNTIL THE PAST FISCAL YEAR. THE BOARD MAINTAINS A CONFLICT OF INTEREST POLICY AND ALL TRANSACTIONS WITH METZ & ASSOCIATES, LTD ARE CONDUCTED AT ARM'S LENGTH. 0 X 1 5241 NYSE X 1 600000 APPRAISAL 1 0 1 0 PART I, COLUMN (B): THE NUMBER OF CONTRIBUTORS IS REPORTED FOR ALL GIFTS. FORM 990, PART VI, SECTION A, LINE 1 THE EXECUTIVE COMMITTEE SHALL EXERCISE ALL OF THE POWERS OF THE BOARD OF TRUSTEES WHEN THE BOARD IS NOT IN SESSION, WITH THE EXCEPTION OF REMOVING OR APPOINTING THE PRESIDENT OF THE UNIVERSITY OR TAKING ANY ACTION WHICH HAS SPECIFICALLY BEEN RESERVED BY THE BOARD. FORM 990, PART VI, SECTION A, LINE 2 THE FOLLOWING RELATIONSHIPS WERE DISCLOSED AMONG BOARD MEMBERS: CORNELIO CATENA AND R. GREGORY COLLINS HAVE A BUSINESS RELATIONSHIP. PAUL WOELKERS AND MARY ERWINE HAVE A BUSINESS RELATIONSHIP. FORM 990, PART VI, SECTION A, LINE 6 THE SOLE MEMBER OF THE UNIVERSITY SHALL BE THE CONFERENCE FOR MERCY HIGHER EDUCATION, INC. FORM 990, PART VI, SECTION A, LINE 7A THE SOLE MEMBER HAS THE RIGHT TO APPOINT AND REAPPOINT TRUSTEES. FORM 990, PART VI, SECTION A, LINE 7B POWERS RESERVED FOR THE SOLE MEMBER INCLUDE: 1. CHANGES IN INSTITUTIONAL PURPOSE 2. APPOINTMENT OF A PRESIDENT OF THE UNIVERSITY 3. MERGER OR CONSOLIDATION OF THE INSTITUTION WITH ANOTHER CORPORATION 4. SALE, MORTGAGE, PURCHASE, OR LEASE OF REAL PROPERTY AFFECTING MORE THAN FIVE PERCENT OF CORPORATE ASSETS, LOANS EXCEEDING FIVE PERCENT OF CORPORATE ASSETS, AND DISPOSITION OF CORPORATE ASSETS EXCEEDING ONE PERCENT OF CORPORATE ASSETS. 5. MATTERS REQUIRED BY CANON LAW 6. APPROVAL OF AMENDMENTS TO THE BY-LAWS FORM 990, PART VI, SECTION B, LINE 11B AFTER PREPARATION, A COMPLETE COPY OF FORMS 990 AND 990-T ARE REVIEWED EXTENSIVELY BY THE UNIVERSITY'S FINANCIAL MANAGEMENT AREA IN CONSULTATION WITH THE UNIVERSITY'S INDEPENDENT TAX PROFESSIONALS. UPON COMPLETION OF THAT REVIEW PROCESS THE UNIVERSITY PROVIDES FORM 990 AND 990-T TO THE UNIVERSITY'S AUDIT COMMITTEE. THE UNIVERSITY'S AUDIT COMMITTEE IS A STANDING COMMITTEE OF THE BOARD OF TRUSTEES. AS OUTLINED IN THE AUDIT COMMITTEE CHARTER, ONE OF THE AUDIT COMMITTEE'S RESPONSIBILITIES IS TO ANNUALLY REVIEW AND APPROVE FEDERAL FORM 990 AND FORM 990-T PRIOR TO FILING. AFTER REVIEW AND APPROVAL BY THE AUDIT COMMITTEE, COPIES OF FORMS 990 AND 990-T ARE PROVIDED TO THE FULL BOARD OF TRUSTEES PRIOR TO THE FILING DUE DATE VIA A WEB-BASED SECURE LINK. FORM 990, PART VI, SECTION B, LINE 12C THE UNIVERSITY MAINTAINS A WRITTEN CONFLICT OF INTEREST POLICY COVERING ALL MEMBERS OF THE BOARD OF TRUSTEES, INSTITUTIONAL OFFICERS, FACULTY AND EMPLOYEES OF THE UNIVERSITY. A DISCLOSURE AND CONFLICT OF INTEREST FORM DETAILS INFORMATION REGARDING SUBSTANTIVE, COMPETING, BUSINESS AND FAMILIAL RELATIONSHIPS THAT MAY REPRESENT A CONFLICT OF INTEREST. ANY SUCH RELATIONSHIPS INCLUDING POSSIBLE SUBSTANTIAL BENEFITS ARE DETAILED ON THE DISCLOSURE AND CONFLICT OF INTEREST FORM. MEMBERS OF THE BOARD OF TRUSTEES ARE REQUIRED TO COMPLETE A NEW DISCLOSURE AND CONFLICT OF INTEREST FORM ANNUALLY. THE FORMS ARE REVIEWED BY THE SECRETARY OF THE BOARD OF TRUSTEES AND ANY POTENTIAL CONFLICTS ARE REVIEWED WITH THE PRESIDENT AND THE HUMAN RESOURCES DEPARTMENT AS CONSIDERED NECESSARY. BOARD MEMBERS AND OTHER OFFICERS ABSTAIN FROM ANY DECISIONS MADE BY THE BOARD WHEN A CONFLICT IS PRESENT. FORM 990, PART VI, SECTION B, LINE 15 THE UNIVERSITY'S EXECUTIVE COMMITTEE, WHICH ALSO SERVES AS THE COMPENSATION COMMITTEE, PERIODICALLY ENGAGES AN INDEPENDENT CONSULTING FIRM TO ASSIST IN DETERMINING EXECUTIVE COMPENSATION WITHIN A PRE-DETERMINED COMPENSATION PHILOSOPHY. THE FIRM'S REVIEW IS BASED UPON MARKET EVALUATION OF ITEMS INCLUDING THE UNIVERSITY'S PEER INSTITUTIONS' STATISTICS, FAIR MARKET RANGE WITHIN THE INDUSTRY, AND COMPENSATION AND BENEFITS IN COMPLIANCE WITH APPROPRIATE PROVISIONS OF THE INTERNAL REVENUE CODE. SALARY ADJUSTMENTS AND BONUSES FOR THE PRESIDENT ARE DISCUSSED AND DOCUMENTED AT THE EXECUTIVE COMMITTEE LEVEL. ALL OTHER EMPLOYEES, INCLUDING KEY EMPLOYEES, HAVE THEIR COMPENSATION DECIDED UPON DATE OF HIRE. SUBSEQUENT RAISES ARE DETERMINED BASED ON AN ANNUAL UNIVERSITY-WIDE INCREASE. FAIR MARKET COMPENSATION FOR THE INDUSTRY IS CONSIDERED IN ALL COMPENSATION DECISIONS. FORM 990, PART VI, SECTION C, LINE 19 ALTHOUGH THE UNIVERSITY DOES NOT MAKE ITS GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY AVAILABLE TO THE PUBLIC, THE DOCUMENTS ARE AVAILABLE UPON REQUEST. THE CONFLICT OF INTEREST POLICY IS INCLUDED IN THE UNIVERSITY'S GENERAL INSTITUTIONAL EMPLOYMENT POLICIES/EMPLOYEE BENEFITS POLICY MANUAL. AS A REQUIREMENT OF ITS PUBLIC DEBT RATING, THE UNIVERSITY'S AUDITED FINANCIAL STATEMENTS ARE POSTED ANNUALLY TO THE ELECTRONIC MUNICIPAL MARKET ACCESS ("EMMA") SITE OF THE MUNICIPAL SECURITIES RULEMAKING BOARD ("MSRB") AT EMMA.MSRB.ORG. FORM 990, PART XI, LINE 9: CHANGE IN SPLIT-INTEREST AGREEMENTS -69,134. MINIMUM PENSION LIABILTY ADJUSTMENT 46,700. CULTURAL EVENT REVENUE NOT REPORTED ON FINANCIALS -11,403. MU REAL ESTATE LLC 301 LAKE STREET DALLAS PA 18612 813351641 REAL ESTATE HOLDING COMPANY PA 0 902 MISERICORDIA UNIVERSITY CONFERENCE FOR MERCY HIGHER EDUCATION 8380 COLESVILLE ROAD STE 300 SILVER SPRING MD 20910 SUPPORT OF CATHOLIC HIGHER ED MD 501(C)(3) LINE 1 N/A 0 PERPETUAL TRUST (1) INVESTMENTS PA PNC BANK T 0 PERPETUAL TRUST (1) INVESTMENTS PA BNY MELLON WEALTH MGT T 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0