2020-07-15T09:19:00-05:00 2019-06-30 410746749 CLIFTONLARSONALLEN LLP 220 S 6TH STREET SUITE 300 MINNEAPOLIS MN 55402 990 2018-07-01 231365966 ROSEMONT COLLEGE ROSE 6105270200 1400 MONTGOMERY AVE ROSEMONT PA 190101699 RANDY ELDRIDGE VP, FINANCE & ADMINISTRATION 6105270200 2020-07-14 1 KAREN GRIES P00078514 6123764500 2020-07-13 67.137.57.251 2020-07-14 15:58:08 CD P BF88B2E75C20C69271D32A7A8AD00889DE1B1210 2B2DDD4F839EAEC5F94D6535D6081653C56BA334 2018 2021-01-29 14:40:06Z RANDY ELDRIDGE 1400 MONTGOMERY AVE ROSEMONT PA 190101699 32572669 0 0928 X WWW.ROSEMONT.EDU X 1921 PA ROSEMONT COLLEGE IS A COMMUNITY OF LEARNERS DEDICATED TO EXCELLENCE & JOY IN PURSUIT OF KNOWLEDGE. 21 21 624 30 0 0 2858307 3756808 19992496 18518477 1851450 797357 280967 246997 24983220 23319639 5076860 4673745 0 0 10377030 9565180 66199 74645 576764 8389655 8863116 23909744 23176686 1073476 142953 44426448 50747116 10315382 16838768 34111066 33908348 X ROSEMONT COLLEGE IS A COMMUNITY OF LEARNERS DEDICATED TO EXCELLENCE AND JOY IN THE PURSUIT OF KNOWLEDGE. ROSEMONT COLLEGE SEEKS TO DEVELOP IN ALL MEMBERS OF THE COMMUNITY OPEN AND CRITICAL MINDS, AS WELL AS THE ABILITY TO MAKE REASONED MORAL DECISIONS. ROOTED IN CATHOLICISM, AND GUIDED BY THE EDUCATIONAL PRINCIPLES OF CORNELIA CONNELLY AND THE SOCIETY OF THE HOLY CHILD JESUS, ROSEMONT COLLEGE VALUES TRUST IN AND REVERENCE FOR THE DIGNITY OF EACH PERSON, DIVERSITY IN HUMAN CULTURE AND EXPERIENCE, AND PERSISTENCE AND COURAGE IN PROMOTING JUSTICE WITH COMPASSION. 0 0 13229772 4673745 18518477 ROSEMONT COLLEGE WAS FOUNDED IN 1921 AND IS LOCATED IN SUBURBAN PHILADELPHIA. TOTAL STUDENT ENROLLMENT IS 1,100 WITH A STUDENT-TEACHER RATIO OF 10:1 AND AN AVERAGE CLASS SIZE OF 12. THERE ARE THREE SCHOOLS; THE UNDERGRADUATE COLLEGE, THE SCHOOL OF GRADUATE STUDIES, AND THE SCHOOL OF PROFESSIONAL STUDIES. THE UNDERGRADUATE COLLEGE OFFERS A NUMBER OF MAJORS AND ACADEMIC PROGRAMS AWARDING BACHELOR OF ARTS, BACHELOR OF FINE ARTS, AND BACHELOR OF SCIENCE DEGREES. EACH PROGRAM OFFERS AN IN-DEPTH STUDY OF A PARTICULAR SUBJECT AREA AS WELL AS A BREADTH OF STUDY IN THE LIBERAL ARTS. THE SCHOOL OF GRADUATE STUDIES OFFERS GRADUATE PROGRAMS THAT AWARD THE MASTER OF BUSINESS ADMINISTRATION, MASTER OF SCIENCE IN MANAGEMENT, MASTER OF ARTS, MASTER OF FINE ARTS, AND THE MASTER OF EDUCATION DEGREES. THE SCHOOL OF PROFESSIONAL STUDIES OFFERS ACCELERATED DEGREE PROGRAMS, CERTIFICATES, AND CORPORATE TRAINING. THE ACADEMIC FOCUS OF THE ACCELERATED DEGREE PROGRAMS IS ON RELEVANT AND PRACTICAL KNOWLEDGE AND TECHNIQUES. SMALL CLASS SIZE AND A SEMINAR ATMOSPHERE COMPLEMENT THE LEARNING EXPERIENCE. GENERAL EDUCATION SCHOLARSHIPS AND FEDERAL AND STATE GRANTS AND SCHOLARSHIPS ARE AWARDED TO STUDENTS. THE COLLEGE PROVIDED STUDENT FINANCIAL AID FROM INTERNAL RESOURCES OF APPROXIMATELY $3,800,000. 13229772 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 1 0 0 0 0 1 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 32 0 1 624 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 21 21 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 PA X RANDY ELDRIDGE 6105270200 1400 MONTGOMERY AVE ROSEMONT PA 191011699 MARIA A FEELEY JD CHAIR 5.00 X X 0 0 0 KATHLEEN TRAINOR VICE CHAIR 1.00 X X 0 0 0 SEAN H FITZPATRICK TREASURER 1.00 X X 0 0 0 ANN MARSHALL SECRETARY 1.00 X X 0 0 0 KAMIL ALI-JACKSON TRUSTEE 1.00 X 0 0 0 MARGARET DOYLE SHCJ TRUSTEE 1.00 X 0 0 0 GEORGE DOEHNER TRUSTEE 1.00 X 0 0 0 PETER DOONER TRUSTEE 1.00 X 0 0 0 VARSOVIA FERNANDEZ TRUSTEE 1.00 X 0 0 0 CARROLL JULIANO SHCJ TRUSTEE 1.00 X 0 0 0 SANDRA LINCOLN SHCJ TRUSTEE 1.00 X 0 0 0 CLARE F MACKIE TRUSTEE 1.00 X 0 0 0 LORINA MARSHALL-BLAKE TRUSTEE 1.00 X 0 0 0 ROBERT J MASSA PHD TRUSTEE 1.00 X 0 0 0 EILEEN MCDEVITT SHCJ TRUSTEE 1.00 X 0 0 0 ROSEANNE MCDOUGALL SHCJ EDD TRUSTEE 1.00 X 0 0 0 EILEEN MCMONAGLE TRUSTEE 1.00 X 0 0 0 SUZANNE K MURPHY PHD TRUSTEE 1.00 X 0 0 0 MAUREEN O'CONNELL PHD TRUSTEE 1.00 X 0 0 0 JAMES SCHULTZ TRUSTEE 1.00 X 0 0 0 MARIA SICHOL SHCJ TRUSTEE 1.00 X 0 0 0 SHARON LATCHAW HIRSH PHD PRESIDENT 60.00 X 316665 0 29868 RANDY L ELDRIDGE DBA CPA VP FINANCE & ADMINISTRATIO 40.00 X 120048 0 12888 CHRISTYN MORAN VP COLLEGE RELATIONS 40.00 X 105256 0 12888 541969 0 55644 3 0 1 0 PARKHURST DINING SERVICES 285 E WATERFRONT DRIVE HOMESTEAD PA 15120 FOOD SERVICE 1296826 ARAMARK MANAGEMENT SERVICE LP 1101 MARKET STREET PHILADELPHIA PA 19107 FACILITIES MANAGEMENT 640726 JENZABAR-HARRISONBURG PO BOX 55018 BOSTON MA 02205 DATABASE 394055 HARMELIN MEDIA 525 RIGHTERS FERRY ROAD BALA CYWYD PA 19004 ADVERTISING 242885 GARRISON PRINTING 7155 AIRPORT HIGHWAY PENNSAUKEN NJ 08109 PRINTING SERVICES 233769 9 251559 3505249 91238 3756808 TUITION 611310 14672877 14672877 ROOM AND BOARD 611310 3845600 3845600 18518477 574784 574784 325070 178435 146635 146635 146635 9297168 9074595 222573 222573 222573 OTHER REVENUE 900099 48845 48845 COMMISSIONS 900099 29394 29394 ALUMNI EVENTS 900099 22123 22123 100362 23319639 18518477 0 1044354 4673745 4673745 479469 316400 142641 20428 7535598 4972709 2241831 321058 292614 193095 87052 12467 640379 422583 190512 27284 617120 407235 183592 26293 20929 20929 84626 84626 74645 74645 141416 141416 1014943 547102 467841 929552 929552 337066 164041 159351 13674 1014846 44718 970128 651865 36551 615314 35534 9435 21921 4178 380837 15023 292413 73401 335205 335205 1101684 1101684 242831 242831 FOOD SERVICE 1191685 1187366 4319 OTHER PROGRAM COSTS 844194 239769 601089 3336 REPAIRS, MAINTENANCE & 535903 535903 23176686 13229772 9370150 576764 1819976 1262910 750062 750468 2118934 1297377 1534725 1835986 547880 1037913 50139889 27752677 16863586 22387212 18899575 19787857 322536 237401 1569174 2149992 44426448 50747116 1390739 3706627 2058173 1870199 5929104 5460231 653313 5542427 284053 259284 10315382 16838768 X 2260807 3829608 14341023 12912390 17509236 17166350 34111066 33908348 44426448 50747116 X 142953 452648 64011 -862330 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 18683080 621417 1098309 829943 19572863 18789132 322366 1182880 896152 715146 18683080 16293747 918730 1840817 842385 -578223 18789132 15392620 3081975 -980296 1200552 16293747 16065454 121355 -97223 696966 15392620 0.09350 0.90650 0.00000 0 0 352332 352332 35717214 27752677 7964537 6790469 6790469 7279874 7279874 22387212 REFUNDABLE ADVANCES 189906 LEASE PAYABLE 69378 259284 X 19167185 452648 64011 -4706132 -4189473 23356658 141416 -178435 -37019 23319639 19369903 178435 178435 19191468 141416 3843802 3985218 23176686 PART V, LINE 4: THE COLLEGE'S ENDOWMENT FUND CONSISTS OF APPROXIMATELY 65 INDIVIDUAL FUNDS ESTABLISHED FOR A VARIETY OF PURPOSES. IT INCLUDES BOTH DONOR-RESTRICTED ENDOWMENT FUNDS AND FUNDS DESIGNATED BY THE BOARD OF TRUSTEES TO FUNCTION AS ENDOWMENTS. THE COLLEGE HAS ADOPTED INVESTMENT AND SPENDING POLICIES FOR ENDOWMENT ASSETS THAT ATTEMPT TO PROVIDE A PREDICTABLE STREAM OF FUNDING TO PROGRAMS SUPPORTED BY ITS ENDOWMENT WHILE SEEKING TO MAINTAIN THE PURCHASING POWER OF THE ENDOWMENT ASSETS. PART X, LINE 2: THE COLLEGE IS A NONPROFIT EDUCATIONAL INSTITUTION WHICH HAS BEEN DETERMINED BY THE INTERNAL REVENUE SERVICE (IRS) TO BE EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (IRC). THE COLLEGE 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 COLLEGE DOES NOT BELIEVE ITS FINANCIAL STATEMENTS INCLUDE ANY UNCERTAIN TAX POSITIONS. PART XI, LINE 2D - OTHER ADJUSTMENTS: FINANCIAL ASSISTANCE -3,843,802. CIV OF SPLIT INTEREST AGREEMENT -32,387. CIV OF CHARITABLE GIFT ANNUITY -829,943. PART XI, LINE 4B - OTHER ADJUSTMENTS: DIRECT RENTAL EXPENSES -178,435. PART XII, LINE 2D - OTHER ADJUSTMENTS: DIRECT RENTAL EXPENSES 178,435. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL ASSISTANCE 3,843,802. 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 RACIALLY NON-DISCRIMINATORY POLICY IS CLEARLY STATED IN ROSEMONT COLLEGE'S PUBLICATIONS AS WELL AS THEIR COURSE CATALOG AND REGISTRATION MATERIAL. SCHEDULE E, PART I, LINE 6 ROSEMONT RECEIVES A VARIETY OF FEDERAL AND STATE GRANTS, RELATED TO STUDENT AID OR PROGRAM SUBSISTENCE. X X X X X X X 1 PACESETTERS INC 759 ROBLE ROAD ALLENTOWN PA 18109 MANAGEMENT OF MAIL/EMAIL AND EXPERIENCE FUND SOLICITATIONS 0 197772 70628 127144 197772 70628 127144 PA 1 FINANCIAL ASSISTANCE & SCHOLARSHIPS 935 4673745 0 N/A N/A PART I, LINE 2: ALL STUDENTS APPLYING FOR FEDERAL FUNDS ARE REQUIRED TO SUBMIT THE FREE APPLICATION FOR FEDERAL STUDENT AID ("FAFSA"). THE AID OFFICE REVIEWS THE RESULTS OF THE FAFSA, WHICH DICTATES WHAT AND HOW MUCH FEDERAL FUNDING THE INDIVIDUAL STUDENT IS ELIGIBLE FOR. IF THE STUDENT IS DETERMINED TO BE IN COMPLIANCE WITH ALL FEDERAL REGULATIONS, AS DETERMINED BY THE DEPARTMENT OF EDUCATION, THE AID OFFICE AWARDS THE STUDENT THE APPROPRIATE FUNDING. STUDENT FILES REGARDING ELIGIBILITY ARE MAINTAINED BY THE STUDENT FINANCIAL AID OFFICE. X 1 1 X X X 0 0 0 0 0 0 0 0 0 SHARON LATCHAW HIRSH PHD PRESIDENT 280665 0 0 0 36000 0 16980 0 12888 0 346533 0 0 0 PART I, LINE 1A THE PRESIDENT RECEIVES A MONTHLY HOUSING ALLOWANCE AND IS REQUIRED TO RESIDE IN OR NEAR ROSEMONT, PA. THE ALLOWANCE IS INCLUDED IN THE PRESIDENT'S TAXABLE INCOME AND AMOUNTED TO $36,000 FOR THE YEAR ENDED JUNE 30, 2019. A EAST NORRITON TOWNSHIP INDUSTRIAL DEVELOPMENT AUTHORITY 300188402 2012-09-04 7400000 TO REFUND 2004 BONDS AND FUND ISSUANCE COSTS 0 0 0 A 1610355 7400000 147646 7252357 2012 1 0 1 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 A 0 0 1 0 0 0 0 0 1 A 1 X 5 91238 STOCK MARKET QUOTES 0 0 1 0 PART I, COLUMN (B): COLUMN (B) REPORTS THE NUMBER OF CONTRIBUTORS. FORM 990, PART VI, SECTION A, LINE 1 THE EXECUTIVE COMMITTEE IS COMPRISED OF THE BOARD OFFICERS, THE CHAIRS OF THE BOARD'S STANDING COMMITTEES, AND THE PRESIDENT OF THE COLLEGE (EX OFICIO). THE COMMITTEE MAY ACT FOR THE BOARD ON ALL MATTERS EXCEPT: HIRING OR TERMINATION OF THE PRESIDENT, CHANGE IN INSTITUTIONAL MISSION OR PURPOSE, OR CHANGE IN THE INSTITUTIONAL CHARTER OR ARTICLES OF INCORPORATION. FORM 990, PART VI, SECTION B, LINE 11B THE TAX FILING WAS PREPARED BY THE ORGANIZATION'S PUBLIC ACCOUNTING FIRM BASED ON INFORMATION PROVIDED BY THE FINANCE AREA. ONCE THE A DRAFT IS AVAILABLE, IT IS REVIEWED BY EXECUTIVE LEADERSHIP. BEFORE IT IS FINALIZED AND FILED WITH THE IRS, THE COMPLETE FORM 990 PUBLIC DISCLOSURE COPY WAS PROVIDED TO THE PRESIDENT AND MEMBERS OF THE BOARD OF TRUSTEES FOR THEIR REVIEW. FORM 990, PART VI, SECTION B, LINE 12C THE MEMBERS OF THE BOARD OF TRUSTEES ARE REQUIRED TO ANNUALLY DISCLOSE TO THE BOARD CHAIR ANY CONFLICTS OR POTENTIAL CONFLICTS OF INTEREST. FACULTY, ADMINISTRATION, AND STAFF ARE REQUIRED TO DISCLOSE ANY CONFLICTS OR POTENTIAL CONFLICTS OF INTEREST TO THEIR DEAN OR SUPERVISOR. VIOLATIONS OF THE POLICY ARE HANDLED IN ACCORDANCE WITH THE COLLEGE'S DOCUMENTED DISCIPLINARY PROCEDURES. THE PRESIDENT, PROVOST, AND VICE PRESIDENT FOR FINANCE AND ADMINISTRATION ARE JOINTLY RESPONSIBLE FOR MONITORING AND ENFORCING THE CONFLICT OF INTEREST POLICY. FORM 990, PART VI, SECTION B, LINE 15 TOP MANAGEMENT OFFICIAL AND ALL OFFICER POSITIONS ARE CLASSIFIED AND PAID ACCORDING TO A UNIFORM INTERNALLY-MAINTAINED SCHEDULE. BECAUSE OF BUDGET CONSTRAINTS, MOST ARE PAID BELOW NATIONAL SALARY AVERAGES OF COMPARATIVE RELIGIOUS COLLEGES/UNIVERSITIES ROSEMONT USES CUPA-HR DATA TO VALIDATE SALARY OFFERS TO ENSURE COMPENSATION DOES NOT EXCEED FMV. THIS PROCESS LAST UNDERTAKEN IN 2016. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: CHANGE IN VALUATION OF SPLIT INTEREST AGREEMENT -32,387. CHANGE IN VALUATION OF CHARITABLE GIFT ANNUITY -829,943.