2019-04-12T15:14:15-05:00 2018-06-30 390859910 BAKER TILLY VIRCHOW KRAUSE LLP 1650 MARKET STREET SUITE 4500 PHILADELPHIA PA 191037341 990 2017-07-01 231352613 GWYNEDD MERCY UNIVERSITY GWYN 2156467300 1325 SUMNEYTOWN PIKE GWYNEDD VALLEY PA 19437 KEVIN O'FLAHERTY VP FOR FINANCE & ADMINISTRATION 2156467300 2019-03-21 1 JULIUS C GREEN CPA P00350393 2159720701 X 174.59.42.130 2019-03-21 12:17:58 ED P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 34CDD26EA689694F2AB7BB3383C669CD08D35215 2017 2019-02-21 02:37:17Z KEVIN O'FLAHERTY 1325 SUMNEYTOWN PIKE GWYNEDD VALLEY PA 19437 80614000 0 X WWW.GMERCYU.EDU X 1948 PA GWYNEDD MERCY UNIVERSITY IS A CATHOLIC UNIVERSITY FOUNDED AND SPONSORED BY THE SISTERS OF MERCY. 24 23 1187 76 3000 18724 3628000 2800000 68654000 75024000 1404000 1876000 799000 795000 74485000 80495000 19491000 20965000 0 0 26791000 28082000 63000 62000 836000 25143000 28385000 71488000 77494000 2997000 3001000 114077000 116434000 53630000 52065000 60447000 64369000 X GWYNEDD MERCY UNIVERSITY'S MISSION IS TO CREATE A LEARNING COMMUNITY ROOTED IN GOSPEL VALUES AND RICH IN THE LIBERAL ARTS. IN AN ATMOSPHERE OF INQUIRY AND DIALOGUE, WE SEEK TO COMBINE EDUCATION FOR PROFESSIONAL COMPETENCY WITH THE MERCY TRADITION OF SERVICE TO SOCIETY. GWYNEDD MERCY UNIVERSITY IS SHAPED BY OUR CATHOLIC IDENTITY AS WELL AS OUR MERCY HERITAGE AND CHARISM, WITH PROGRAMS DESIGNED TO PREPARE STUDENTS TO LEAD PRODUCTIVE LIVES OF DEEP MEANING AND VALUE. 0 0 42818000 0 69861000 EDUCATION OF STUDENTS - GWYNEDD AWARDS UNDERGRADUATE AND GRADUATE DEGREES IN NURSING AND ALLIED HEALTH PROFESSIONS, EDUCATION, BUSINESS, AND ARTS AND SCIENCES, IN TRADITIONAL AND ACCELERATED FORMATS, BOTH ON GROUND AND ONLINE, WE PROVIDE STUDENTS WITH A QUALITY HIGHER EDUCATION PRODUCING DISTINCTIVE MERCY GRADUATES.AT GMERCYU, MAKING SURE STUDENTS ARE DEVELOPING THE KNOWLEDGE, SKILLS AND EXPERIENCE THEY NEED TO ACHIEVE THEIR PERSONAL AND PROFESSIONAL GOALS IS AT THE CENTER OF WHAT WE DO. EACH DEGREE PROGRAM INCLUDES A SET OF LEARNING OUTCOMES THAT DEFINES WHAT STUDENTS SHOULD KNOW AND BE ABLE TO DO UPON GRADUATION. AS PART OF OUR COMMITMENT TO PROVIDING STUDENTS WITH A STRONG FOUNDATION IN THE LIBERAL ARTS, WE HAVE ESTABLISHED UNIVERSITY-LEVEL STUDENT OUTCOMES AND LEARNING OUTCOMES FOR OUR GENERAL EDUCATION CORE, FIRST-YEAR EXPERIENCE PROGRAM, AND HONORS PROGRAM. GMERCYU OFFERS SEVERAL COLLEGE STUDY ABROAD PROGRAMS THAT PAVE THE WAY FOR PERSONAL AND PROFESSIONAL GROWTH BEYOND U.S. BORDERS. GWYNEDD ALSO OFFERS AN HONORS PROGRAM THAT IS DEDICATED TO PROVIDING AN ACADEMICALLY RIGOROUS AND CHALLENGING CURRICULUM, STEEPED IN THE LIBERAL ARTS AND SCIENCES, TO ITS BRIGHTEST AND MOST INDUSTRIOUS STUDENTS. THE PROGRAM IS COMMITTED TO PRESERVING AN ACADEMIC CULTURE THAT INSPIRES A GENUINE PASSION FOR LEARNING THROUGH ENHANCED EDUCATIONAL OPPORTUNITIES, THOUGHT-PROVOKING AND STIMULATING COURSES AND DISCUSSIONS THAT WILL SPARK STUDENTS' IMAGINATIONS, BROADEN THEIR SKILLS, AND ENHANCE THEIR RESUMES.GMERCYU TAKES PRIDE IN OFFERING STUDENTS CHALLENGING DEGREE PROGRAMS AND COUNTLESS OPPORTUNITIES FOR PROFESSIONAL EXPERIENCE. WITH A ROBUST SERVICE PROGRAM AND DEEPLY SUPPORTIVE FACULTY AND STAFF, STUDENTS BENEFIT FROM A CLOSE-KNIT COMMUNITY IN WHICH THEY CAN FOCUS ON BUILDING THEIR FUTURE. 20965000 20965000 0 FINANCIAL AID TO STUDENTS - GWYNEDD PROVIDES ACCESS TO HIGHER EDUCATION FOR ACADEMICALLY GIFTED AS WELL AS ECONOMICALLY CHALLENGED STUDENTS. FOR TRADITIONAL UNDERGRADUATE STUDENTS, 95% OF FULL TIME STUDENTS ATTENDING GWYNEDD MERCY UNIVERSITY RECEIVE INSTITUTIONAL SCHOLARSHIPS AND GRANTS AND 100% OF FIRST-TIME, FULL-TIME STUDENTS RECEIVED FINANCIAL AID IN FISCAL 2017-18.GWYNEDD MERCY UNIVERSITY IS COMMITTED TO PRODUCING GRADUATES WHO MAKE THE WORLD A BETTER PLACE. WE OFFER COMPREHENSIVE FINANCIAL AID PACKAGES, INCLUDING GENEROUS SCHOLARSHIPS FOR QUALIFYING STUDENTS, TO SUPPORT THE STUDENTS' PERSONAL AND PROFESSIONAL GOALS. UNDERGRADUATE TUITION IS SET FOR THE ACADEMIC YEAR BASED ON ACADEMIC PROGRAMS. STUDENTS ARE ALSO CHARGED A COMPREHENSIVE FEE WHICH CONTRIBUTES TOWARD THE COSTS OF PROVIDING COMPUTER/TECHNOLOGY ACCESS, ACTIVITIES, USE OF FACILITIES, AND OTHER RESOURCES AND SERVICES GENERALLY AVAILABLE TO ALL STUDENTS. GRADUATE AND ACCELERATED COURSE TUITION IS BILLED PER CREDIT HOUR AND THE ADMINISTRATIVE COSTS OF A STUDENT'S EDUCATION ARE COVERED THROUGH PROGRAM FEES. GWYNEDD MERCY UNIVERSITY OFFERS SEVERAL SCHOLARSHIPS AND GRANTS TO HELP STUDENTS GET A GREAT EDUCATION AT AN AFFORDABLE COST. KNOWN AS "GIFT ASSISTANCE," THESE SCHOLARSHIPS AND GRANTS DO NOT NEED TO BE REPAID, AND GENERALLY ARE RENEWABLE FOR ALL FOUR YEARS. FULL-TIME TRADITIONAL UNDERGRADUATE STUDENTS RECEIVE AWARD LETTERS DETAILING ANY AID FOR WHICH THEY ARE ELIGIBLE. OUR AID PACKAGES ACCOUNT FOR TUITION, FEES, ROOM, BOARD, BOOKS, SUPPLIES, TRANSPORTATION, AND MISCELLANEOUS EXPENSES. A TYPICAL AID PACKAGE INCLUDES GRANTS OR SCHOLARSHIPS, A LOW-INTEREST STUDENT LOAN, AND CAMPUS EMPLOYMENT (UP TO 15 HOURS PER WEEK). UNDERGRADUATES WILL LIKELY RECEIVE THE SAME AMOUNT ALL FOUR YEARS AS LONG AS THEY REAPPLY ANNUALLY, CONTINUE TO MEET ALL CONDITIONS OF THE AWARD, AND THEIR NEED REMAINS ESSENTIALLY UNCHANGED. 4834000 0 5163000 HOUSING AND MEAL SERVICES FOR STUDENTS - GWYNEDD PROVIDES LIVING ARRANGEMENTS THAT SUPPORT AND ENHANCE EDUCATIONAL AND SOCIAL EXPERIENCES THUS DEVELOPING IMPORTANT LIFE SKILLS. GWYNEDD HAS FOUR RESIDENCE HALLS; TWO ARE DEDICATED TO FIRST-YEAR STUDENTS AND TWO ACCOMMODATE TRANSFER STUDENTS AND SOPHOMORES THROUGH SENIORS. ROOM TYPES RANGE FROM SINGLE AND DOUBLE OCCUPANCY TO LIVING SUITES. HOUSING ASSIGNMENTS ARE MADE BASED ON A VARIETY OF FACTORS INCLUDING CLASS YEAR, GENDER, LIFESTYLE PREFERENCES, ROOMMATE REQUESTS, SPACE AVAILABILITY AND HOUSING DEPOSIT DATE.GWYNEDD OFFERS FLEXIBILITY TO STUDENTS THROUGH ITS DINING OPTIONS. ALL RESIDENTS ARE REQUIRED TO CHOOSE ONE OF THREE MEAL PLANS: 19, 15 OR 10 MEALS A WEEK. 68617000 1 1 0 0 0 0 0 0 1 1 1 0 0 0 1 1 1 0 1 0 0 0 0 1 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 1 42 0 1 1187 1 1 1 0 0 0 0 1 1 0 0 0 0 X 24 23 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 PA X JENNIFER A GINNETTI CONTROLLER 2156467300 1325 SUMNEYTOWN PIKE GWYNEDD VALLEY PA 19437 NANCY A DUNLEAVY CHAIR 2.00 X X 0 0 0 CHARLOTTE O MCKINES TRUSTEE 1.00 X 0 0 0 DAVID MALLACH TRUSTEE 1.00 X 0 0 0 ELLEN STANG MD TRUSTEE 1.00 X 0 0 0 JEAN KEELER JD TRUSTEE 1.00 X 0 0 0 JOSEPH L ENGLAND TRUSTEE 1.00 X 0 0 0 JOSEPH J PALMER TRUSTEE 1.00 X 0 0 0 LAWRENCE J STUARDI TRUSTEE 1.00 X 0 0 0 MARK A LAFOND TRUSTEE 1.00 X 0 0 0 MARY ANN DILLON RSM PHD TRUSTEE 1.00 X 0 0 0 MARY ANNE FRANCISCO TRUSTEE 1.00 X 0 0 0 OSCAR P VANCE JR TRUSTEE 1.00 X 0 0 0 VLADIMIR BIEN-AIME TRUSTEE 1.00 X 0 0 0 KATHLEEN OWENS PHD PRESIDENT (RESIGNED JULY '17) 40.00 X X 348429 0 37947 BARBARA BUCKLEY RSM TRUSTEE 1.00 X 0 0 0 EILEEN FOLEY GUEST TRUSTEE 1.00 X 0 0 0 ROSEMARY HERRON TRUSTEE 1.00 X 0 0 0 JOHN CS KEPNER JD TRUSTEE 1.00 X 0 0 0 ROSE MARTIN RSM PHD TRUSTEE 1.00 X 0 0 0 SUSAN M MEITNER TRUSTEE 1.00 X 0 0 0 MARGARET TAYLOR RSM JD TRUSTEE 1.00 X 0 0 0 H RAY WELCH TRUSTEE 1.00 X 0 0 0 DENISE ALLEN WILLIAMS TRUSTEE 1.00 X 0 0 0 WILLIAM J AVERY DHL TRUSTEE 1.00 X 0 0 0 DEANNE D'EMILIO PRESIDENT (BEGAN AUG. '17) 40.00 X X 131430 0 17574 BARBARA B MCHALE SECRETARY (NON BOARD MEMBER) 40.00 X 64989 0 22186 KEVIN O'FLAHERTY VP FOR FIN. & ADMIN/TREASURER 40.00 X 208529 0 16465 FRANK E SCULLY JR VP FOR ACADEMIC AFFAIRS 40.00 X 199110 0 31603 DONNA MOLYNEAUX ASSOCIATE PROFESSOR OF NURSING 40.00 X 143973 0 13622 GERALD MCLAUGHLIN VP FOR INSTITUTIONAL ADVANCEMENT 40.00 X 141723 0 11800 ANDREA HOLLINGSWORTH DEAN OF SCHOOL OF NURSING 40.00 X 140899 0 18840 DENISE VANACORE ASSOCIATE PROFESSOR OF NURSING 40.00 X 177542 0 23026 MARY SORTINO DEAN OF GRADUATE PROF. STUDIES 40.00 X 136916 0 10630 1693540 0 203693 22 0 1 0 SYNERGIS EDUCATION 1820 E RAY ROAD CHANDLER AZ 85225 RECRUIT./ONBOARDING 8275785 PARKHURST DINING SERVICES PO BOX 644091 PITTSBURGH PA 152644901 FOOD SVC. CONTRACT 2417351 THE NORWOOD COMPANY 375 TECHNOLOGY DRIVE MALVERN PA 19355 GENERAL CONTRACTING 701662 ELSEVIER INC PO BOX 9555 NEW YORK NY 100879555 NURSING ASSESSMENTS 443091 CAROUSEL INDUSTRIES 659 SOUTH COUNTY TRAIL EXETER RI 02822 IT SERVICES 260139 24 14000 932000 1854000 245060 2800000 TUITION AND FEES 611600 69861000 69861000 AUXILIARY ENTERPRISES 611710 5163000 5163000 75024000 890000 890000 117000 29000 88000 88000 3000 85000 1049000 63000 986000 986000 986000 37000 14000 27000 10000 10000 ATHLETIC EVENTS 900099 196000 196000 STUDENT CHARGE REV. 900099 86000 86000 CAMPUS STORE COMMISSIONS 900099 83000 83000 332000 332000 697000 80495000 75024000 3000 2668000 X 20965000 20965000 1228000 1228000 21429000 19400000 1550000 479000 768000 681000 67000 20000 2881000 2418000 393000 70000 1776000 1325000 387000 64000 148000 148000 341000 341000 62000 62000 194000 194000 16102000 14374000 1689000 39000 195000 98000 97000 1970000 1507000 399000 64000 251000 106000 145000 1453000 1453000 663000 584000 65000 14000 1103000 1103000 3035000 3035000 363000 5000 358000 UBIT EXPENSE 1000 1000 STUDENT ACTIVITIES 723000 458000 265000 BOOKS & PUBLICATIONS 378000 368000 10000 EVENTS ON CAMPUS 326000 142000 168000 16000 1139000 595000 536000 8000 77494000 68617000 8041000 836000 2000 2000 16853000 17257000 2142000 1590000 2627000 2605000 1752000 1718000 15000 17000 597000 384000 95943000 43910000 52140000 52033000 37843000 40690000 106000 138000 114077000 116434000 4220000 4555000 5204000 4900000 42153000 40481000 258000 268000 1795000 1861000 53630000 52065000 X 38883000 44545000 8847000 14491000 12717000 5333000 60447000 64369000 114077000 116434000 3001000 921000 0 X 0 1 X 1 1 1 X 9926000 3068000 2125000 3628000 2800000 21547000 9926000 3068000 2125000 3628000 2800000 21547000 932768 20614232 652000 724000 792000 775000 1007000 3950000 13000 3000 2594 18594 584000 390000 418000 720000 734000 2846000 28361594 317830357 0.72680 0.79160 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: FORFEITED DEPOSITS/ROOM RENTALS - 2013 AMOUNT: $ 198,000. 2014 AMOUNT: $ 174,000. ATHLETIC EVENTS - 2013 AMOUNT: $ 159,000. 2014 AMOUNT: $ 166,000. 2015 AMOUNT: $ 154,000. 2016 AMOUNT: $ 210,000. 2017 AMOUNT: $ 196,000. PARKING FEES - 2015 AMOUNT: $ 61,000. 2016 AMOUNT: $ 61,000. 2017 AMOUNT: $ 63,000. OTHER INCOME - 2013 AMOUNT: $ 72,000. 2014 AMOUNT: $ 5,000. 2015 AMOUNT: $ 124,000. 2016 AMOUNT: $ 66,000. 2017 AMOUNT: $ 26,000. FUNDRAISING RECEIPTS - 2013 AMOUNT: $ 44,000. 2014 AMOUNT: $ 19,000. 2015 AMOUNT: $ 20,000. 2016 AMOUNT: $ 40,000. 2017 AMOUNT: $ 37,000. BAD DEBT RECOVERY - 2013 AMOUNT: $ 111,000. SGA INCOME - 2014 AMOUNT: $ 26,000. 2015 AMOUNT: $ 4,000. 2016 AMOUNT: $ 67,000. 2017 AMOUNT: $ 67,000. STUDENT CHARGE REVENUE - 2015 AMOUNT: $ 55,000. 2016 AMOUNT: $ 116,000. 2017 AMOUNT: $ 86,000. MERCY VOLUNTEER CORP REV - 2016 AMOUNT: $ 33,000. 2017 AMOUNT: $ 40,000. FEDERAL LOAN PROGRAM - 2016 AMOUNT: $ 4,000. 2017 AMOUNT: $ 4,000. US TREASURY RESTITUTION - 2016 AMOUNT: $ 5,000. 2017 AMOUNT: $ 5,000. CELL TOWER RENT - 2016 AMOUNT: $ 76,000. 2017 AMOUNT: $ 74,000. FEES NON-REFUNDABLE - 2016 AMOUNT: $ 21,000. 2017 AMOUNT: $ 26,000. TRANSCRIPT FEES - 2016 AMOUNT: $ 21,000. 2017 AMOUNT: $ 23,000. VENDING COMMISSIONS - 2017 AMOUNT: $ 4,000. CAMPUS STORE - 2017 AMOUNT: $ 83,000. 1 218947 38994900 39221266 -7419 1 X 34244000 2115000 2560000 776000 38143000 29330000 1686000 3766000 538000 34244000 28895000 1264000 10000 839000 29330000 20981000 2682000 354000 494000 256000 23267000 17850000 808000 2722000 303000 96000 20981000 0.65100 0.34900 0.00000 0 1 1 84165000 35385000 48780000 4066000 4066000 0 6869000 3616000 3253000 843000 843000 0 52033000 FEDERAL GOVERNMENT INVESTMENT - LOAN PROGRAM 1861000 1861000 X 60313000 921000 -21159000 -20238000 80551000 -56000 -56000 80495000 56391000 56000 56000 56335000 21159000 21159000 77494000 PART IV, LINE 1B: THE UNIVERSITY ACTS AS A CUSTODIAN FOR FEDERAL AND STATE GRANTS SUCH AS PELL, PHEAA, AND SEOG. PART IV, LINE 2B: THE UNIVERSITY HOLDS ROOM DEPOSITS FOR STUDENTS' HOUSING. IF THE HOUSING IS IN AN APPROPRIATELY SUITABLE CONDITION AT THE END OF THE TERM, THE DEPOSITS ARE RETURNED. PART V, LINE 4: THE ENDOWMENT FUNDS ARE INTENDED TO SUPPORT THE MISSION OF THE ORGANIZATION SPECIFICALLY FOR STUDENT SCHOLARSHIPS AND PROGRAMS. PART X, LINE 2: THE UNIVERSITY FOLLOWS THE FINANCIAL ACCOUNTING STANDARDS BOARD ("FASB") GUIDANCE THAT REQUIRES A TAX POSITION TO BE RECOGNIZED OR DERECOGNIZED BASED ON A "MORE-LIKELY-THAN-NOT" THRESHOLD. THIS APPLIES TO POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. 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 WERE RECOGNIZED IN 2018 OR 2017. PART XI, LINE 2D - OTHER ADJUSTMENTS: STUDENT AID -20,965,000. INVESTMENT FEES -194,000. PART XI, LINE 4B - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES -27,000. RENTAL EXPENSES -29,000. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES 27,000. RENTAL EXPENSES 29,000. PART XII, LINE 4B - OTHER ADJUSTMENTS: STUDENT AID 20,965,000. INVESTMENT FEES 194,000. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 A STATEMENT OF THE UNIVERSITY'S NONDISCRIMINATION POLICY IS INCLUDED IN ALL UNIVERSITY RECRUITING MATERIALS, ON ITS WEB SITE AND IN ALL PUBLISHED ADVERTISEMENTS. SCHEDULE E, PART I, LINE 6 GWYNEDD MERCY UNIVERSITY RECEIVES FEDERAL FUNDING FROM VARIOUS FEDERAL AND STATE GOVERNMENT AGENCIES UNDER THEIR RESPECTIVE STUDENT FINANCIAL AID ASSISTANCE PROGRAMS. THE UNIVERSITY RECEIVES FUNDING FROM U.S. DEPARTMENT OF EDUCATION UNDER THE FOLLOWING STUDENT FINANCIAL ASSISTANCE PROGRAMS: FEDERAL SUPPLEMENTAL EDUCATIONAL OPPORTUNITY GRANTS, FEDERAL WORK STUDY, FEDERAL DIRECT LENDING, FEDERAL PELL GRANTS, AND FEDERAL PERKINS AND NURSING LOAN PROGRAMS. ADDITIONALLY, THE UNIVERSITY RECEIVES FEDERAL FUNDING FROM THE U.S. DEPARTMENT OF EDUCATION FOR ITS UPWARD BOUND PROGRAM AND THE DEPARTMENT OF VETERAN AFFAIRS FOR VETERANS ADMINISTRATION TUITION BENEFITS. GENERAL SUPPORT IS PROVIDED TO THE UNIVERSITY FROM THE STATE OF PENNSYLVANIA UNDER ITS INSTITUTIONAL ASSISTANCE GRANT PROGRAM TO PRIVATE COLLEGES AND UNIVERSITIES IN THE STATE AND THE PENNSYLVANIA HIGHER EDUCATION ASSISTANCE PROGRAM FOR STUDENTS. IN ADDITION, THE UNIVERSITY IS AWARDED SPONSORED RESEARCH AND OTHER PROJECT GRANTS BY VARIOUS FEDERAL AGENCIES, INCLUDING THE NATIONAL SCIENCE FOUNDATION (NSF). X X X X X X X 0 SR WODJAK 200 SOUTH BROAD ST STE 850 PHILAELPHIA PA 19102 GRANT SOLICITATION 0 0 61846 -61846 61846 -61846 PA GOLF OUTING 51000 14000 37000 100 0 13000 7900 0 6000 51000 14000 37000 100 13000 7900 6000 27000 10000 1 STUDENT AID 7628 20965000 PART I, LINE 2: THE UNIVERSITY OFFICE OF STUDENT FINANCIAL AID PROVIDES SCHOLARSHIP AND GRANTS TO STUDENTS IN ACCORDANCE WITH UNIVERSITY POLICIES AND DONOR GUIDELINES. THE UNIVERSITY ALSO MAINTAINS COMPREHENSIVE RECORD OF THE SAME. X 1 1 X X X 0 0 0 0 0 0 0 0 0 KATHLEEN OWENS PHD PRESIDENT (RESIGNED JULY '17) 303629 0 0 0 44800 0 18900 0 19047 0 386376 0 0 0 KEVIN O'FLAHERTY VP FOR FIN. & ADMIN/TREASURER 208529 0 0 0 0 0 14555 0 1910 0 224994 0 0 0 FRANK E SCULLY JR VP FOR ACADEMIC AFFAIRS 179110 0 0 0 20000 0 12970 0 18633 0 230713 0 0 0 DONNA MOLYNEAUX ASSOCIATE PROFESSOR OF NURSING 143973 0 0 0 0 0 5498 0 8124 0 157595 0 0 0 GERALD MCLAUGHLIN VP FOR INSTITUTIONAL ADVANCEMENT 141723 0 0 0 0 0 10144 0 1656 0 153523 0 0 0 ANDREA HOLLINGSWORTH DEAN OF SCHOOL OF NURSING 140899 0 0 0 0 0 9890 0 8950 0 159739 0 0 0 DENISE VANACORE ASSOCIATE PROFESSOR OF NURSING 177542 0 0 0 0 0 3621 0 19405 0 200568 0 0 0 PART I, LINE 1A HOUSING ALLOWANCE - KATHLEEN OWENS, FORMER PRESIDENT, DEANNE D'EMILIO, CURRENT PRESIDENT, AND FRANK SCULLY, VP OF ACADEMIC AFFAIRS ALL RECEIVED A HOUSING ALLOWANCE INCLUDED IN TAXABLE COMPENSATION. A PA HIGHER EDUCATION FACILITIES AUTHORITY 700917RSL 2012-05-10 10000000 CAPITAL IMPROVEMENT 0 0 0 B MONTGOMERY COUNTY HIGHER EDUCATION AND HEALTH AUTHORITY 613603WV7 2017-04-27 12668221 REFINANCE OUTSTANDING DEBT, CAPITAL EXPENDITURES 0 0 0 C MONTGOMERY COUNTY HIGHER EDUCATION AND HEALTH AUTHORITY 613603WW5 2017-05-01 19000000 REFINANCE OUTSTANDING DEBT, CAPITAL EXPENDITURES 0 0 0 A 10086294 1000568 141215 8981649 2014 0 0 1 1 B 605000 12668221 676503 172877 11818841 2017 1 0 1 1 C 260000 19000000 596458 135375 15000 1033758 17815867 2017 1 0 1 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 B 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 C 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 A 0 0 0 1 0 0 0 0 1 B 0 0 0 1 0 0 0 0 1 C 0 0 0 1 1 0 0 0 1 A 1 B 1 C 1 DATE REBATE COMPUTATION PERFORMED ISSUER NAME: PA HIGHER EDUCATION FACILITIES AUTHORITY DATE THE REBATE COMPUTATION WAS PERFORMED: 06/30/2018 ISSUER NAME: MONTGOMERY COUNTY HIGHER EDUCATION AND HEALTH AUTHORITY DATE THE REBATE COMPUTATION WAS PERFORMED: 05/01/2018 ISSUER NAME: MONTGOMERY COUNTY HIGHER EDUCATION AND HEALTH AUTHORITY DATE THE REBATE COMPUTATION WAS PERFORMED: 05/01/2018 SCHEDULE K, PART II LINE 3 PROCEEDS DO NOT AGREE TO ISSUE PRICES DUE TO PREMIUMS/DISCOUNTS ON ISSUES. SCHEDULE K, PART II LINE 11 OTHER SPENT PROCEEDS REPRESENTS REFINANCING OF PREVIOUSLY EXISTING BONDS. X 1 226344 NYSE X VENTILATOR 1 18716 COMPARABLE SALES 0 1 0 PART I, COLUMN (B): THE NUMBER IN COLUMN B REPRESENTS THE NUMBER OF CONTRIBUTIONS. FORM 990, PART VI, SECTION A, LINE 1 THE EXECUTIVE COMMITTEE IS COMPRISED OF THE CHAIR OF THE BOARD, THE PRESIDENT, THE VICE CHAIR, ONE OR MORE BOARD COMMITTEE CHAIRS AND ONE OR MORE MEMBERS AT LARGE. THE EXECUTIVE COMMITTEE SHALL INCLUDE AT LEAST TWO SISTERS OF MERCY. THE EXECUTIVE COMMITTEE SHALL TAKE ACTION BETWEEN BOARD MEETINGS CONSISTENT WITH EXISTING BOARD POLICY AND IS FURTHER SUBJECT TO BOARD IMPOSED RESTRICTIONS ON ITS AUTHORITY. FORM 990, PART VI, SECTION A, LINE 6 THE CONFERENCE FOR MERCY HIGHER EDUCATION IS THE SOLE MEMBER AND HAS THE RIGHT TO APPOINT TRUSTEES. FORM 990, PART VI, SECTION A, LINE 7A BOARD MEMBERS ARE APPROVED BY TRUSTEES AND ULTIMATE APPROVAL IN THE FORMAL ELECTION GOES TO THE CONFERENCE FOR MERCY HIGHER EDUCATION. FORM 990, PART VI, SECTION A, LINE 7B THE CONFERENCE FOR MERCY HIGHER EDUCATION HAS RESERVED POWERS SUCH AS APPROVAL TO CHANGE THE MISSION OR APPOINT NEW TRUSTEES. FORM 990, PART VI, SECTION B, LINE 11B THE CONTROLLER AND VP OF FINANCE PERFORM AN INITIAL REVIEW. THE BOARD'S FINANCE AND AUDIT COMMITTEE THEN REVIEWS THE FORM 990 AT THEIR MEETING AND PRESENTS COMMENTS AT THE FOLLOWING BOARD MEETING. BOARD MEMBERS HAVE ACCESS TO A SECURED WEBSITE TO REVIEW THE FORM 990 PRIOR TO THE DISCUSSION AT THE MARCH BOARD MEETING. THE RETURN IS FILED SUBSEQUENT TO THE BOARD MEETING. FORM 990, PART VI, SECTION B, LINE 12C THE OFFICERS, TRUSTEES, AND KEY EMPLOYEES DISCLOSE AND SIGN OFF ON ANY CONFLICTS OF INTEREST ON AN ANNUAL CONFLICT OF INTEREST STATEMENT. THE CONFLICT OF INTEREST POLICY IS MONITORED AND ENFORCED BY THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES. PER THE GMERCYU CONFLICT OF INTEREST POLICY, IF A CONFLICT OF INTEREST ARISES, THE MATTER IS PRESENTED TO THE BOARD AND/OR EXECUTIVE COMMITTEE, ALTERNATIVES ARE INVESTIGATED, AND IF NO REASONABLE RESOLUTION IS AVAILABLE, THE EXECUTIVE COMMITTEE WILL HOLD A MAJORITY VOTE TO DECIDE WHETHER OR NOT TO ENTER INTO THE TRANSACTION. IF A VIOLATION OF THE CONFLICT OF INTEREST POLICY HAS BEEN DETERMINED, THE EXECUTIVE COMMITTEE WILL TAKE APPROPRIATE DISCIPLINARY AND CORRECTIVE ACTION. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD HAS DESIGNED A PROCESS FOR DETERMINING THE COMPENSATION OF THE CEO. THE PROCESS INCLUDES A REVIEW AND APPROVAL BY INDEPENDENT PERSONS, COMPARABILITY DATA AND CONTEMPORANEOUS SUBSTANTIATION OF THE DELIBERATION AND DECISION. THE EXECUTIVE COMMITTEE REQUESTED AND RECEIVED A LETTER OF SUBSTANTIATION FROM THE UNIVERSITY'S ATTORNEY IN SUPPORT OF THE PROCESS AND THE TERMS OF THE COMPENSATION. ALL INFORMATION AND DOCUMENTS WERE SHARED WITH THE BOARD IN AN EXECUTIVE SESSION. COMPENSATION TO OTHER KEY EMPLOYEES IS REVIEWED BY THE BOARD CHAIR. WHEN NEEDED, A THIRD PARTY IS USED TO ANALYZE EXECUTIVE COMPENSATION. THE UNIVERSITY HIRED CASAGRANDE CONSULTING DURING THE SPRING OF 2014 TO EVALUATE EXECUTIVE COMPENSATION BASED ON PEERS AND GEOGRAPHICAL DIFFERENTIAL AND PROVIDE AN OPINION OF REASONABLENESS. THESE METHODS ARE DESIGNED TO ENSURE THAT THE EXECUTIVE COMPENSATION IS WITHIN FAIR MARKET VALUE FOR THE INDUSTRY. FORM 990, PART VI, SECTION C, LINE 19 THE UNIVERSITY MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST. FORM 990, PART IX, LINE 11G CONSULTING FEES: PROGRAM SERVICE EXPENSES 20,000. MANAGEMENT AND GENERAL EXPENSES 245,000. FUNDRAISING EXPENSES 39,000. TOTAL EXPENSES 304,000. CONTRACTED FEES: PROGRAM SERVICE EXPENSES 14,354,000. MANAGEMENT AND GENERAL EXPENSES 1,444,000. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 15,798,000. CONFERENCE FOR MERCY HIGHER EDUCATION 8630 FENTON STREET SUITE 934 SILVER SPRINGS MD 20910 431973007 RELIGIOUS SPONSOR OF THE ORGANIZATION MD 501(C)(3) LINE 10 N/A 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0