2020-01-24T10:09:30-06:00 2019-06-30 GRANT THORNTON LLP 2001 MARKET STREET SUITE 700 PHILADELPHIA PA 19103 990 2018-07-01 231352648 Immaculata University % BRUCE FRIEDMAN IMMA 6106474400 1145 King Road Immaculata PA 19345 BRUCE FRIEDMAN VP Finance & Admin 6106474400 2020-01-24 true Frank Giardini P00532355 2155614200 65.229.27.130 23695320200245000000 2020-01-24 P 6E9FCDD64AA058BF3446081EE65AA3089273EEC1 AF43BCBFB463DBE6E0B6D26B9026FA7ED08740F8 2018 2020-09-23 17:36:50Z Barbara Lettiere 1145 King Rd Immaculata PA 19345 46704031 false X www.immaculata.edu X 1946 PA THE UNIVERSITY OFFERS UNDERGRADUATE AND GRADUATE PROGRAMS DIRECTED PRIMARILY TOWARD LIBERAL AND PROFESSIONAL EDUCATION. PLEASE SEE ATTACHMENT 1 FOR FURTHER DETAILS ON THE MISSION. 27 27 1153 17 75445 -2472 2162021 3257066 44933819 42152922 980825 968336 286055 259964 48362720 46638288 8924295 8627870 0 0 23822616 22523272 0 0 1289830 21012150 18109073 53759061 49260215 -5396341 -2621927 83467895 81693434 50652767 51176863 32815128 30516571 X IMMACULATA UNIVERSITY (THE UNIVERSITY) IS A CATHOLIC INSTITUTION OF HIGHER EDUCATION FOUNDED FOR WOMEN IN 1920 BY THE SISTERS, SERVANTS OF THE IMMACULATE HEART OF MARY (THE CONGREGATION). THE UNIVERSITY OFFERS UNDERGRADUATE AND GRADUATE PROGRAMS TO MEN AND WOMEN DIRECTED PRIMARILY TOWARD LIBERAL AND PROFESSIONAL EDUCATION. THE UNIVERSITY OFFERS COURSES IN DISTANCE AND ONLINE INSTRUCTION IN ADDITION TO ON CAMPUS AND OFF SITE GRADUATE AND UNDERGRADUATE PROGRAMS SERVING THE ADULT LEARNER. THE UNIVERSITY IS COMMITTED TO SCHOLARSHIP AND ENCOURAGES THE FORMATION OF THE WHOLE PERSON FOR LEADERSHIP AND SERVICE ALWAYS LOOKING TO THE NEEDS OF OTHERS WHILE EMPOWERING ALL MEMBERS OF THE COMMUNITY TO SEEK TRUTH, PROMOTE JUSTICE, FOSTER PEACE AND ENGAGE IN DIALOGUE BETWEEN FAITH AND CULTURE. false false 32770170 8305050 37285625 TO EDUCATE AND PROVIDE RELATED SERVICES TO STUDENTS. IN THE FALL OF 2018, THIS PROGRAM BENEFITTED 2,477 OF WHOM 788 WERE TRADITIONAL UNDERGRADUATE AND 973 GRADUATE STUDENTS. THIS PROGRAM ALSO CONTRIBUTED TOWARD THE GRADUATION OF 635 STUDENTS. 515656 198220 2762068 TO PROVIDE LIVING QUARTERS FOR STUDENTS. IN THE FALL OF 2018,THIS PROGRAM BENEFITTED 380 STUDENTS. 3135882 124600 1954169 TO PROVIDE MEALS TO STUDENTS. IN THE FALL OF 2018, THIS PROGRAM BENEFITTED 438 STUDENTS. 47298 Food Service- Catering 42017 IU Cash receipts 54665 Bookstore Commission 7080 Vending and Non Credit Workshops 13988 Forfeit Student Deposits 29350 Transcript Income 39800 Parking Fee/Permits 133080 All other revenue 367278 36421708 true true false false false false false false false true true false false false true true true false true false false false true false true false false false true true true true false false false false false false false false false true false false false false true false false false true 98 0 true 1153 true true true false false false false true true false false false false false false X 27 27 false false false false false false false true true false false true true true true true true true true false PA X BRUCE FRIEDMAN 4843233050 1145 KING RD IMMACULATA PA 19345 X Thomas Cancelmo Trustee 2.0 0.0 X 0 0 0 Sr Margaret Rose Adams IHM Trustee 2.0 0.0 X 0 0 0 Peggy Behm Trustee 2.0 0.0 X 0 0 0 Phyllis Bellopede Trustee 2.0 0.0 X 0 0 0 Sr ELaine D Brookes IHM Trustee 2.0 0.0 X 0 0 0 Sr Marie Anselm Cooper IHM Trustee 2.0 0.0 X 0 0 0 Sr John Evelyn Ditrolio IHM Trustee 2.0 0.0 X 0 0 0 Cindy Egnotovich Trustee 2.0 0.0 X 0 0 0 Dr Kathleen V Greatrex MD Trustee 2.0 0.0 X 0 0 0 Ralph J Hall Trustee 2.0 0.0 X 0 0 0 Sr Regina Havens IHM Trustee 2.0 0.0 X 0 0 0 Patricia Knecht Trustee 2.0 0.0 X 0 0 0 Maureen H McCullough Trustee 2.0 0.0 X 0 0 0 Sr Maureen L McDermott IHM Trustee 2.0 0.0 X 0 0 0 Dr Mary Crowley McDonald Trustee 2.0 0.0 X 0 0 0 Sister Patricia Mengel IHM Trustee 2.0 0.0 X 0 0 0 Anthony J Montagnolo Trustee 2.0 0.0 X 0 0 0 Sr Rita James Murphy IHM Trustee 2.0 0.0 X 0 0 0 Sr Jeannine Mary Norton IHM Trustee 2.0 0.0 X 0 0 0 Theresa M Payton Trustee 2.0 0.0 X 0 0 0 Sr Janet Purcell IHM Trustee 2.0 0.0 X 0 0 0 Sr Stephen Anne Rodriguez, IHM - Trustee 2.0 0.0 X 0 0 0 Maryann Hammeke Romeo Trustee 2.0 0.0 X 0 0 0 Sister Mary Smith IHM Trustee 2.0 0.0 X 0 0 0 Sister Mary Ellen Tennity IHM Trustee 2.0 0.0 X 0 0 0 Mary Beth Westmoreland Trustee 2.0 0.0 X 0 0 0 Joseph F Wusinich III Trustee 2.0 0.0 X 0 0 0 AJ Gabriele Trustee Emeriti 2.0 0.0 X 0 0 0 Bernadette Maguire Trustee Emeriti 2.0 0.0 X 0 0 0 Mimi Draper-Walsh Trustee Emeriti 2.0 0.0 X 0 0 0 Monsignor Joseph Logrip Trustee - thru 1/9/19 2.0 0.0 X 0 0 0 Edward Roach Trustee Emeriti - thru 6/10/19 2.0 0.0 X 0 0 0 Barbara Lettiere President 40.0 0.0 X 297585 0 10262 Angela Tekely VP Academic Affairs 40.0 0.0 X 144561 0 27598 Sister Mary Henrich IHM VP for Mission and Ministry 40.0 0.0 X 0 0 0 Susan Arnold VP of Advancement 40.0 0.0 X 136597 0 13111 Janet M Garrity CFA CTP VP for Finance & Admin 40.0 0.0 X 214180 0 8333 Patricia Canterino VP for SD & UA 40.0 0.0 X 146787 0 15834 Michael Salem CIO 40.0 0.0 X 152309 0 28209 Kerry Jones Dir. Capital Program Mgmt 40.0 0.0 X 138282 0 15481 Thomas O'Brien Dean 40.0 0.0 X 111359 0 26936 Jed Yalof Faculty 40.0 0.0 X 115850 0 15271 Jeffrey Rollison Director 40.0 0.0 X 115406 0 12574 Gerald Wargo Jr VP for Enrollment Mgmt 40.0 0.0 X 135567 0 25216 1708483 0 198825 30 true true false Kinsely Construction 1030 Reed Ave Suite 104 WYOMISSING PA 19610 Construction 2501994 Parkhurst Dining PO Box 644091 PITTSBURGH PA 152644091 Campus Serv/Fac Mgmt 2385122 Ellucian Company LP 2300 Maitland Center Pkwy MAITLAND FL 32751 Technology services 1373243 Sisters of IHM - VMHS 1145 King Road IMMACULATA PA 19345 Student Teaching 991906 Johnson Controls Inc PO Box 905240 CHARLOTTE NC 28290 FACILITIES CONTR. 358430 28 48105 506992 2701969 29734 3257066 TUITION / FEES 611710 37285625 37285625 0 0 RESIDENT HALLS 721310 2762068 2762068 0 0 STUDENT BOARD PLAN 611710 1954169 1954169 0 0 FOOD SVCS-CATERING 722320 47298 47298 0 0 IU CASH RECEIPTS 900099 42017 42017 0 0 61745 61745 0 0 42152922 965297 965297 0 0 83209 34838 48371 0 48371 75445 -27074 6001 2962 3039 3039 3039 23318 48105 27943 -4625 -4625 0 0 0 0 0 0 PARKING FEE/PERMITS 812930 39800 39800 0 0 TRANSCRIPT INCOME 611710 29350 29350 0 0 FORFEIT STUDENT DEPOSITS 611710 13988 13988 0 0 133080 133080 0 0 216218 46638288 42369140 75445 936637 0 8511220 8511220 116650 116650 0 1003750 272112 612700 118938 0 16725224 13061683 3180066 483475 630204 467560 135005 27639 2911647 2111582 743779 56286 1252447 960423 247033 44991 0 33434 33434 82569 77569 5000 0 0 98370 98370 2104948 1426487 644443 34018 830810 141492 644343 44975 3288324 2291315 934200 62809 3018851 3018851 0 0 212413 146627 40607 25179 0 0 1984054 1527721 325805 130528 0 3891149 2996185 638972 255992 469459 346322 123137 FEES FOR DINING SERVICES 1951741 1951741 0 0 EQUIPMENT RENTAL & MAINT 142951 92588 50363 0 49260215 36421708 11548677 1289830 3184226 2269129 0 0 1959496 1358171 884701 1001520 0 0 0 0 727280 658829 0 0 346028 386346 133218351 78381161 54043161 54837190 22323003 21182249 0 0 0 0 0 0 0 0 83467895 81693434 2923347 2821630 0 0 2913824 2447620 38344832 37697039 0 0 0 0 3882380 5548828 0 0 2588384 2661746 50652767 51176863 X 11171692 10386295 12892170 11150101 8751266 8980175 32815128 30516571 83467895 81693434 X -2621927 323370 X false true X true true true X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 19677380 228060 1126859 2500000 18532299 18332331 421915 1423134 500000 19677380 16911661 436645 1862028 878003 18332331 17445622 831817 -497753 423100 444925 16911661 17430461 251823 613165 849827 17445622 0.24470 0.48070 0.27460 false false 0 212719 212719 0 108873509 58819624 50053885 0 23650454 19561537 4088917 0 481669 481669 54837190 0 CONDITIONAL ASSET RETIREMENT 2199840 STUDENT DEPOSITS 461906 2661746 X 38620717 323370 322519 34838 680727 37939990 98370 8599928 8698298 46638288 40919274 322519 34838 357357 40561917 98370 8599928 8698298 49260215 INTENDED USES OF ENDOWMENT FUND SCHEDULE D, PART V, LINE 4 THE UNIVERSITY'S ENDOWMENT CONSISTS OF APPROXIMATELY 49 INDIVIDUAL FUNDS ESTABLISHED FOR A VARIETY OF PURPOSES. FIN 48 DISCLOSURE (ASC 740) SCHEDULE D, PART X THE UNIVERSITY IS QUALIFIED AS A NOT-FOR-PROFIT ORGANIZATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, AS AMENDED. ACCORDINGLY, THE UNIVERSITY IS NOT SUBJECT TO INCOME TAXES EXCEPT TO THE EXTENT IT HAS TAXABLE INCOME FROM ACTIVITIES THAT ARE NOT RELATED TO ITS EXEMPT PURPOSE. THE UNIVERSITY RECOGNIZES THE EFFECT OF INCOME TAX POSITIONS, IF ANY, ONLY IF THOSE POSITIONS ARE MORE LIKELY THAN NOT OF BEING SUSTAINED. NO PROVISION FOR INCOME TAXES WAS REQUIRED FOR FISCAL YEAR 2019 OR 2018. RECONCILIATION OF REVENUE - OTHER SCHEDULE D, PART XI, LINE 2D RENTAL EXPENSE reclassed to revenue $34,838 RECONCILIATION OF REVENUE - OTHER SCHEDULE D, PART XI, LINE 4B SCHOLARSHIP TUITION DISCOUNT $8,305,050 RESIDENT ASSISTANT DISCOUNTS $322,820 RECLASS OF FUNDRAISING EVENT EXPENSES $(27,942) ----------- $8,599,928 Reconciliation of Expense - Other SCHEDULE D, PART XII, LINE 2D RENTAL EXPENSE RECLASSED TO REVENUE $34,838 Reconciliation of Revenue - Other SCHEDULE D, PART XII, LINE 4B SCHOLARSHIP TUITION & RESIDENT ASSISTANT DISCOUNT $8,599,928 true true true true true true true false false false false false false false false true false true Schedule E, Part I, Line 3 THE UNIVERSITY PROVIDES A STATEMENT IN ALL PUBLICATIONS REGARDING ITS NONDISCRIMINATORY POLICY. Schedule E, Part I, Line 6a IMMACULATA RECEIVES GOVERNMENT FINANCIAL ASSISTANCE IN THE FORM OF FEDERAL AND STATE GRANTS. true Central America and the Caribbean 0 0 Grantmaking 8000 East Asia and the Pacific 0 0 Grantmaking 41050 Europe (Including Iceland and Greenland) 0 0 Grantmaking 7500 North America 0 0 Grantmaking 12000 Russia and the Newly Independent States 0 0 Grantmaking 9600 South America 0 0 Grantmaking 18500 South Asia 0 0 Grantmaking 11000 Sub-Saharan Africa 0 0 Grantmaking 9000 0 0 0 0 116650 116650 Scholarship Central America and the Caribbean 1 8000 Deposit 0 SCHOLARSHIP East Asia and the Pacific 4 41050 DEPOSIT 0 SCHOLARSHIP Europe (Including Iceland and Greenland) 1 7500 DEPOSIT 0 SCHOLARSHIP North America 1 12000 DEPOSIT 0 SCHOLARSHIP Russia and the Newly Independent States 1 9600 DEPOSIT 0 SCHOLARSHIP South America 2 18500 DEPOSIT 0 SCHOLARSHIP South Asia 2 11000 DEPOSIT 0 SCHOLARSHIP Sub-Saharan Africa 1 9000 DEPOSIT 0 false false false false false false grant monitoring procedures Schedule F, Part I, Line 2 GRANTS ISSUED BY IMMACULATA UNIVERSITY ARE PRIMARILY IN THE FORM OF SCHOLARSHIP AND GRANTS AWARDED AS PART OF FINANCIAL AID. FINANCIAL AID GRANTS AWARDED TO STUDENTS ARE DIRECTLY APPLIED BY THE UNIVERSITY TO OFFSET BILLED AMOUNTS (I.E. TUITION) ON THE STUDENT'S ACCOUNT, THEREBY REDUCING THE NET BALANCE DUE TO THE UNIVERSITY. STUDENTS RECEIVING SCHOLARSHIPS ARE ASSESSED ON THE BASIS OF ACADEMIC ACHIEVEMENTS, FINANCIAL NEEDS, AND SIMILAR STANDARDS. Accounting Method Used SCHEDULE F, PART I, LINE 3, COLUMN F THE EXPENDITURES, PER REGION, ARE PRESENTED ON THE ACCRUAL BASIS OF ACCOUNTING. Constellation Adv LLC campaign initiative false AL AZ AR CA CT DE FL GA HI ID IL IN IA KS KY LA ME MD MI MN MS MO MT NE NV NH NJ NM NY NC ND OH OK OR PA RI SD TN TX UT VT WV WI WY Golf Tournament 71423 48105 23318 20000 3792 4151 0 71423 48105 23318 20000 3792 4151 27943 -4625 true Scholarships to Various Students 3699 8511220 0 Schedule I, Part I, Line 2 GRANTS ISSUED BY IMMACULATA UNIVERSITY ARE PRIMARILY IN THE FORM OF SCHOLAYSHIP AND GRANTS AWARDED AS PART OF FINANCIAL AID. FINANCIAL AID GRANTS AWARDED TO STUDENTS ARE DIRECTLY APPLIED BY THE UNIVERSITY TO OFFSET BILLED AMOUNTS (I.E. TUITION) ON THE STUDENT'S ACCOUNT, THEREBY REDUCING THE NET BALANCE DUE TO THE UNIVERSITY. STUDENTS RECEIVING SCHOLARSHIPS ARE ASSESSED ON THE BASIS OF ACADEMIC ACHIEVEMENTS, FINANCIAL NEEDS, AND SIMILAR STANDARDS. X X X X true false false false false false false false false Barbara Lettiere President 297585 0 0 0 0 0 6875 0 5510 0 309970 0 0 0 Angela Tekely VP Academic Affairs 144561 0 0 0 0 0 7500 0 20140 0 172201 0 0 0 Gerald Wargo Jr VP for Enrollment Mgmt 94767 0 0 0 40800 0 4760 0 20463 0 160790 0 0 0 Michael Salem CIO 152309 0 0 0 0 0 7918 0 20333 0 180560 0 0 0 Kerry Jones Dir. Capital Program Mgmt 138282 0 0 0 0 0 6974 0 8549 0 153805 0 0 0 Janet M Garrity CFA CTP VP for Finance & Admin 214180 0 0 0 0 0 7167 0 1208 0 222555 0 0 0 Patricia Canterino VP for SD & UA 146787 0 0 0 0 0 7387 0 8489 0 162663 0 0 0 Methods used to establish compensation Schedule J, Part I, Line 3 During the 2017-18 fiscal year, the compensation of all Officers of the University was reviewed. The salary data was benchmarked using CUPA salary for administrators in higher education and was set within the constraints of the Board of Trustee's approved operating budget. THE FOLLOWING TRUSTEES OF IMMACULATA UNIVERSITY'S BOARD OF TRUSTEES ARE MEMBERS OF THE SISTERS, SERVANTS OF THE IMMACULATE HEART OF MARY RELIGIOUS CONGREGATION AND DO NOT RECEIVE COMPENSATION FOR THIS SERVICE IN KEEPING WITH THEIR STATED VOW OF POVERTY: SISTER MARGARET Rose ADAMS, IHM SISTER MARIE ANSELM COOPER, IHM SISTER JOHN EVELYN DITROLIO, IHM SISTER ELAINE DECHANTAL BROOKES, IHM SISTER MAUREEN LAWRENCE MCDERMOTT, IHM SISTER REGINA HAVENS, IHM SISTER RITA JAMES MURPHY, IHM SISTER JEANNINE MARY NORTON, IHM SISTER JANET PURCELL, IHM SISTER STEPHEN ANNE RODERIGUEZ, IHM SISTER PATRICIA MENGEL, IHM SISTER MARY SMITH, IHM SISTER MARY ELLEN TENNITY, IHM THE FOLLOWING OFFICERS OF IMMACULATA UNIVERSITY ARE MEMBERS OF THE SISTERS, SERVANTS OF THE IMMACULATE HEART OF MARY RELIGIOUS CONGREGATION AND DO NOT RECEIVE COMPENSATION FOR THIS SERVICE IN KEEPING WITH THEIR STATED VOW OF POVERTY: SISTER MARY HENRICH, IHM - VP FOR MISSION AND MINISTRY Severance Payments Schedule J, Part I, LIne 4a The following individuals received severance payments during calendar year 2018: Gerald Wargo, Jr. $40,800 Severance payments are included in column (b)(iii) of Schedule J, Part II. A CHESTER COUNTY HEALTH & ED FACILITIES AU 232265260 165579ET6 2013-12-16 5700000 CAMPUS RENOVATIONS AND UPGRADES true false false B CHESTER COUNTY HEALTH & ED FACILITIES AU 232265260 2017-10-31 39012610 CURRENT REFUNDING SERIES 2010 and false false false A 0 5700000 5700000 570000 319000 0 114000 0 0 4697000 0 0 2014 false false true true B 0 0 39012610 2520000 0 7437414 567282 0 0 0 0 0 2017 true true true true A false false false false false 0 false false false true B false false false false false 0 false false false true A false true true true false 0 false 0 false true B false true true false 0 false 0 false true A true B true Schedule K, Part II, Line 3 Total proceeds of issue: Issue price plus investment earnings Schedule K, Part IV, Column B, line 2c The date the rebate computation was performed: 12/06/2018 X 1 974 fmv X 3 28760 fmv false true false REVIEW PROCESS OF FORM 990 FORM 990, PART VI, LINE 11A AN INDEPENDENT TAX PREPARATION FIRM IS ENGAGED TO ASSIST IN COMPILING FORM 990 WITH DATA PROVIDED FROM THE BUSINESS OFFICE. UNIVERSITY MANAGEMENT REVIEWS THE FORM 990 FOR COMPLETENESS AND ACCURACY. PRIOR TO FILING, MANAGEMENT PRESENTS THE FORM 990 TO THE AUDIT COMMITTEE OF THE BOARD OF TRUSTEES. FORM 990 IS REVIEWED AND SIGNED BY THE VICE PRESIDENT FOR FINANCE & ADMINISTRATION. CONFLICT OF INTEREST POLICY FORM 990, PART VI, LINE 12C THE BOARD OF TRUSTEES AND OFFICERS ARE REQUIRED TO COMPLETE AN ANNUAL CONFLICT OF INTEREST STATEMENT AND SUBMIT SUCH STATEMENT TO THE UNIVERSITY PRESIDENT. THE PRESIDENT REVIEWS THOSE STATEMENTS FOR POTENTIAL CONFLICTS. THE DISCLOSURE STATEMENT ALSO REQUIRES ALL MEMBERS TO NOTIFY THE UNIVERSITY PRESIDENT PROMPTLY OF ANY ACTUAL, APPARENT, OR POTENTIAL CONFLICT OF INTEREST AS IT ARISES, SO THAT IT CAN BE ADDRESSED IMMEDIATELY. SHOULD THERE BE A CONFLICT OF INTEREST ANY AFFECTED TRUSTEE OR OFFICER SHALL REFRAIN FROM ANY CONSIDERATION OF, OR ACTION UPON, THE TRANSACTION OR PROPOSED TRANSACTION. Process for Determining Compensation of the President FORM 990, PART VI, LINE 15A The Presidents compensation was benchmarked by the search firm used to assist in the hiring process of the President. The compensation committee of the Board approved the salary range, the Chair of the Board approved the compensation, and a representative from the Board of Trustees informed final candidates of the salary range during the final interview stage. PROCESS FOR DETERMINING COMPENSATION of officers & key employees FORM 990, PART VI, LINE 15B During the 2017-18 fiscal year, the compensation of all Officers of the University was reviewed. The salary data was benchmarked using CUPA salary for administrators in higher education and was set within the constraints of the Board of Trustee's approved operating budget. PUBLIC AVAILABILITY OF GOVERNING DOCUMENTS, COI POLICY, and Financials FORM 990, PART VI, LINE 19 THE UNIVERSITY'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. SISTERS SERVANTS OF IHM VILLA MARIA GENERALATE 1140 KI IMMACULATA PA 19345 231352569 RELIGIOUS PA 501(c)(3) 2 NA false ENSERV INC PO BOX 665 IMMACULATA PA 19345 232731906 WATER TREAT. PA 501(c)(3) 2 IMMACULATA true false false false false false false false false false false false false false false false false false true true