2020-03-02T17:27:24-06:00 2019-06-30 383635706 REHMANN ROBSON LLC 555 BRIARWOOD CIRCLE STE 300 ANN ARBOR MI 48108 990 2018-07-01 381393841 CLEARY UNIVERSITY CLEA 5175483670 3750 CLEARY DR HOWELL MI 48843 JAYSON BOYERS PRESIDENT 5175483670 2020-01-29 1 KATHLEEN M UNDERHILL CPA P00589677 7347612005 2020-01-29 50.236.198.162 2020-01-29 15:56:24 ES P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 D0D8090DD4A47D4B3F509A64005CEE895FFFAC63 2018 2020-09-23 17:36:50Z JAYSON BOYERS 3750 CLEARY DR HOWELL MI 48843 16382906 0 X WWW.CLEARY.EDU X 1883 MI PROVIDE A BUSINESS EDUCATION THAT EQUIPS INDIVIDUALS TO DELIVER SUPERIOR SERVICE TO EMPLOYERS AND THEIR COMMUNITIES. 16 16 295 10 305663 0 3134503 4859660 10314909 10753237 101831 117182 568477 459091 14119720 16189170 2860898 3099833 0 0 5065139 5500764 0 0 198549 6121043 5875276 14047080 14475873 72640 1713297 22065874 25337835 12369074 13927738 9696800 11410097 TO PREPARE INDIVIDUALS TO CONTRIBUTE AND PREVAIL IN A CONSTANTLY CHANGING WORKFORCE. 0 0 9206752 3099833 10943942 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. 9206752 1 1 0 0 0 0 0 1 0 1 1 0 0 1 0 1 1 0 1 0 0 0 0 0 1 0 0 0 1 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 60 0 1 295 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 16 16 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 CHAIRMAN 2.00 X X 0 0 0 GLYNIS MCBAIN VICE CHAIR 2.00 X X 0 0 0 RAYMOND KING III IMMEDIATE PAST CHAIR 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 GOVERNANCE COMMITTEE CHAIR 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 CAROL ALEXANDER TRUSTEE THRU 12/31/19 2.00 X 0 0 0 MILTON WEIDMAYER TRUSTEE THRU 12/31/19 2.00 X 0 0 0 RICH PERLBERG TRUSTEE THRU 12/31/19 2.00 X 0 0 0 JOHN KUDERIK TRUSTEE THRU 12/31/19 2.00 X 0 0 0 KENNETH WEINGARTZ TRUSTEE 2.00 X 0 0 0 MARGARET BORYCZKA GUPTA TRUSTEE THRU 12/31/19 2.00 X 0 0 0 FRANK JEDELE TRUSTEE 2.00 X 0 0 0 FRANK FIKE TRUSTEE THRU 12/31/19 2.00 X 0 0 0 EDIE REAVES TRUSTEE EFFECTIVE 1/1/19 2.00 X 0 0 0 TAMIKA MAYES TRUSTEE EFFECTIVE 1/1/19 2.00 X 0 0 0 DAVID BARFIELD TRUSTEE EFFECTIVE 1/1/19 2.00 X 0 0 0 STANLEY DICKSON JR TRUSTEE THRU 1/6/19 2.00 X 0 0 0 TIM CODD TRUSTEE THRU 5/1/19 2.00 X 0 0 0 MARTY PAWLUSIAK TRUSTEE THRU 5/14/19 2.00 X 0 0 0 JAYSON BOYERS PRESIDENT & CEO 50.00 X 227593 0 24557 LANCE LEWIS PROVOST AND CAO - THRU 5/2019 50.00 X 109761 0 6371 MACHELLE HOLANDA CFO 50.00 X 108134 0 7957 MATTHEW BENNETT SENIOR VP INSTITUTIONAL AD 50.00 X 95370 0 18253 MARLO RENCHER VP INNOV, DIVERSITY - THRU 12/2018 50.00 X 100170 0 10867 KRISTOFFER TOBBE VP TECHNOLOGY SVCS - THRU 7/31/19 50.00 X 70541 0 9849 LARAE BANE VP ORG DEVEL - EFFECTIVE 10/2018 50.00 X 55890 0 7884 EMILY BARNES PROVOST AND CAO - EFFECTIVE 5/2019 50.00 X 73227 0 4996 840686 0 90734 4 0 1 0 0 164664 64885 4630111 4859660 TUITION AND FEES 611600 9810609 9810609 STUDENT HOUSING 611600 842532 842532 OTHER PROGRAM SERVICES 611600 66096 66096 CORP CERT TRAINING PROGRAM 611600 34000 34000 10753237 33742 33742 3648 0 3648 3648 800 2848 83440 0 83440 83440 83440 3591 164664 43716 -40125 -40125 289174 150020 139154 139141 13 EVENT REVENUE 900099 356414 51564 304850 356414 16189170 10943942 305663 79905 3099833 3099833 969928 374296 424091 171541 3823898 3751446 72452 60472 59540 932 283885 279511 4374 362581 356994 5587 2000 2000 68332 68332 1137133 105867 1031266 160374 11423 144135 4816 188256 55957 131212 1087 1066798 1066798 156896 138877 17763 256 25945 18141 7804 718046 718046 811351 811351 152116 152116 OTHER 424121 278587 125279 20255 BAD DEBT EXPENSE 386641 386641 0 EQUIPMENT 294326 79583 214743 0 JOHNSON CENTER EXPENSES 139560 139560 0 0 143381 70496 72291 594 14475873 9206752 5070572 198549 578104 7803 790569 256524 3699848 6211981 458261 422204 164144 171062 28347 91614 349309 177540 21991389 6739711 13869563 15251678 76866 567083 2050863 2180346 22065874 25337835 2318886 2299570 2271998 2159693 7778190 9468475 12369074 13927738 X 7606225 5598912 757904 4449914 1332671 1361271 9696800 11410097 22065874 25337835 1713297 0 X X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X 0 1681114 48161 58832 17418 1770689 1632437 99217 22952 73492 1681114 3118222 62611 9532 1557928 1632437 2964021 169954 9499 25252 3118222 2900900 58015 26192 21086 2964021 0.76880 0.23120 0 0 904842 904842 12478970 2798662 9680308 4680721 657877 4022844 3875142 3270243 604899 51714 12929 38785 15251678 ARTWORK 1529263 ART HELD FOR RESALE 323900 CHARITABLE REMAINDER UNITRUST INTEREST 327183 2180346 X 13290791 -2898379 -2898379 16189170 0 16189170 11577494 -2898379 -2898379 14475873 0 14475873 PART III, LINE 4: ARTHUR SECUNDA ART WORK - THE UNIVERSITY IS CREATING THE ARTHUR SECUNDA MUSEUM AT ITS LIVINGSTON CAMPUS. THE MUSEUM WILL ENHANCE THE VISIBILITY, REPUTATION AND EDUCATIONAL MISSION OF CLEARY UNIVERSITY BY REINFORCING THAT THE UNIVERSITY IS A SOPHISTICATED INSTITUTION IN WHICH STUDENTS CAN PLACE THEIR CONFIDENCE. THE ADDITION OF THE MUSEUM WILL FACILITATE 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 TREATS INTEREST AND PENALTIES ATTRIBUTABLE TO INCOME TAXES, AND REFLECTS ANY CHANGES FOR SUCH, 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 2016 THROUGH 2019, THE YEARS WHICH REMAIN SUBJECT TO EXAMINATION BY MAJOR TAX JURISDICTIONS AS OF JUNE 30, 2019. 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, 2019 OR 2018, 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 150,020. SPECIAL EVENTS EXPENSES 43,716. GRANTS & SCHOLARSHIPS -3,092,115. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 150,020. SPECIAL EVENTS EXPENSES 43,716. GRANTS & SCHOLARSHIPS -3,092,115. 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. SIGNATURE EVENT 168255 164664 3591 4000 28312 6700 4704 168255 164664 3591 4000 28312 6700 4704 43716 -40125 1 VA MILITARY GRANT 10 55097 CLEARY INSTITUTIONAL GRANT 7 19385 COMMUNITY COLLEGE & ALUMNI DISCOUNT 6 12852 NEXT STEP GRANT 19 26910 MARJORY CLEARY MCKENNY & ARTHUR MCKENNY 2 3334 ATHLETIC SCHOLARSHIP 177 1382408 ATHLETIC HOUSING SCHOLARSHIP 93 190175 ADMISSIONS HONORS SCHOLARSHIP 37 236900 ADMISSIONS TRANSFER SCHOLARSHIP 18 68150 CLEARY BUSINESS PARTNER SCHOLARSHIP 48 66400 COMMUNITY PARTNERS MATCHING GRANT 2 2000 ALUMNI ASSOCIATION ANNUAL ENDOWED SCHOLARSHIP 1 500 RESIDENT ASSISTANT SCHOLARSHIP 7 59500 OPPORTUNITY REFERRAL GRANT 13 39545 EMPLOYEE GRANTS 15 127626 DETROIT OPPORTUNITY SCHOLARSHIP 1 2093 WILMA CLEARY ENDOWED SCHOLARSHIP 1 3000 OTHER SCHOLARSHIP 7 17525 PHI THETA KAPPA SCHOLARSHIP 1 2500 MARYGROVE 1 2900 GRADUATE ASSISTANT GRANT 6 39267 KEYBANK ENDOWED SCHOLARSHIP 1 1000 R.B. LYONS ENDOWED SCHOLARSHIP 1 500 NT DISTINGUISHED TRANSFER SCHOLARSHIP 1 6000 MS CCL SCHOLARSHIP 1 1084 OWEN J CLEARY ENDOWED SCHOLARSHIP 1 2000 PRESIDENTIAL SCHOLARSHIP 4 40000 LAKETRUST SCHOLARSHIP 2 22080 MS INDUSTRIES SCHOLARSHIP 1 19950 TIGANTIC SCHOLARSHIP 1 20000 CEO SCHOLARSHIP 25 98504 COURAGE & SERVICE SCHOLARSHIP 70 323315 DECA SCHOLARSHIP 1 4250 ROBERT & BESS COOK SCHOLARSHIP 1 1000 ENTERPRISE SCHOLARSHIP 18 123750 FRIEDT SCHOLARSHIP 1 1000 GELMAN SCHOLARSHIP 1 2000 GELMAN MBA SCHOLARSHIP 1 2000 HONORS TRANSFER SCHOLARSHIP 9 30333 DISTINGUISHED TRANSFER SCHOLARSHIP 8 40500 PATRICK AND HELEN JENKS CLEARY SCHOLARSHIP 1 2500 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 227593 0 0 0 0 0 18500 0 6057 0 252150 0 0 0 THOMAS SULLIVAN FORMER PRESIDENT & CEO EXECUTIVE BENEFIT PLAN X 110000 171062 0 1 1 171062 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