2019-05-14T15:12:34-05:00 2018-06-30 390859910 BAKER TILLY VIRCHOW KRAUSE LLP 1650 MARKET STREET SUITE 4500 PHILADELPHIA PA 191037341 990 2017-07-01 231653718 DESALES UNIVERSITY DESA 6102821100 2755 STATION AVENUE CENTER VALLEY PA 18034 ROBERT J SNYDER VP FINANCE & ADMINISTRATION 6102821100 2019-05-14 1 KERRI N BOGDA P00760402 2159720701 96.89.178.186 2019-05-14 12:04:59 ED P DAF0C676BA5D217E8E98654567F7DD0DDDA97E7C F58787FA80410BAE38B710EAF9FCC5760AD3BCDF 2017 2020-01-14 16:20:31Z ROBERT J SNYDER 2755 STATION AVENUE CENTER VALLEY PA 18034 120708039 0 X WWW.DESALES.EDU X 1965 PA THE MISSION OF DESALES UNIVERSITY IS TO PROVIDE MEN AND WOMEN WITH QUALITY HIGHER EDUCATION ACCORDING TO THE PHILOSOPHY OF CHRISTIAN HUMANISM AS DEVELOPED BY SAINT FRANCIS DE SALES AND HIS SPIRITUAL HEIRS. THE UNIVERSITY IMPARTS KNOWLEDGE ABOUT AND DEVELOPS TALENTS FOR PERSONAL, FAMILIAL, AND SOCIETAL LIVING. DESALES UNIVERSITY ENRICHES THE HUMAN COMMUNITY AND ENCHANCES THE DIGNITY OF THE INDIVIDUAL THROUGH ITS EDUCATIONAL ENDEAVORS. IN ITS WORK, THE UNIVERSITY FOSTERS A VITAL AND RESPECTFUL DIALOGUE BETWEEN ROMAN CATHOLIC FAITH AND HUMAN CULTURE. 27 25 2028 87 1197397 -29737 8937928 8607777 95933567 97565816 2724009 4278695 1349401 1236801 108944905 111689089 31587271 33256982 0 0 37960572 38483205 0 0 2388625 35187203 35053217 104735046 106793404 4209859 4895685 220645376 232453478 73331145 77508200 147314231 154945278 X DESALES UNIVERSITY IS A MEDIUM-SIZED, PRIVATE, FOUR-YEAR CATHOLIC UNIVERSITY WITH A SALESIAN MISSION ADMINISTERED BY THE OBLATES OF ST. FRANCIS DE SALES. STUDENTS AT DESALES UNIVERSITY ARE EXPOSED TO CATHOLIC TEACHINGS BUT ARE ALSO AFFORDED THE LUXURY OF EXPLORING IN AN ATMOSPHERE OF INTELLECTUAL FREEDOM. IT IS THE MISSION OF DESALES UNIVERSITY TO PROVIDE MEN AND WOMEN WITH QUALITY HIGHER EDUCATION ACCORDING TO THE PHILOSOPHY OF CHRISTIAN HUMANISM AS DEVELOPED BY SAINT FRANCIS DE SALES AND HIS SPIRITUAL HEIRS. THE UNIVERSITY IMPARTS KNOWLEDGE AND DEVELOPS TALENTS FOR PERSONAL, FAMILIAL, AND SOCIETAL LIVING. DESALES UNIVERSITY ENRICHES THE HUMAN COMMUNITY AND ENHANCES THE DIGNITY OF THE INDIVIDUAL THROUGH ITS EDUCATIONAL ENDEAVORS. IN ITS WORK, THE UNIVERSITY FOSTERS A VITAL AND RESPECTFUL DIALOGUE BETWEEN ROMAN CATHOLIC FAITH AND HUMAN CULTURE. 0 0 100518114 33256982 97565816 DESALES UNIVERSITY'S MAIN CAMPUS IS LOCATED IN CENTER VALLEY, PA ON 400+ ACRES APPROXIMATELY 50 MILES NORTH OF PHILADELPHIA, PA. THE UNIVERSITY CURRENTLY OPERATES TWO SATELLITE CAMPUSES LOCATED IN BETHLEHEM, PA AND LANSDALE, PA. THE UNIVERSITY OFFERS TRADITIONAL, ONLINE, AND HYBRID COURSES AND PROGRAMS AT THE UNDERGRADUATE AND GRADUATE LEVELS. DESALES UNIVERSITY IS ACCREDITED BY THE MIDDLE STATES COMMISSION ON HIGHER EDUCATION (MSCHE). SEVERAL PROGRAM-SPECIFIC ACCREDITATIONS ARE ALSO HELD BY THE UNIVERSITY INCLUDING THE ACCREDITATION COMMISSION FOR EDUCATION IN NURSING (ACEN), THE COMMISSION ON THE ACCREDITATION OF ALLIED HEALTH PROGRAMS (CAAHEP), THE ASSOCIATION OF COLLEGIATE BUSINESS SCHOOLS AND PROGRAMS (ACBSP), THE COMMISSION ON ACCREDITATION IN PHYSICAL THERAPY EDUCATION (CAPTE), AND CERTIFIED FINANCIAL PLANNER BOARD REGISTERED PROGRAMS. THE UNIVERSITY OFFERS OVER 40 BACHELOR'S DEGREES, 6 MASTER'S DEGREES, AND 2 DOCTORAL DEGREES. OVER 20 UNDERGRADUATE AND GRADUATE CERTIFICATE PROGRAMS ARE ALSO OFFERED. OVER 25 PROGRAMS ARE OFFERED VIA DISTANCE EDUCATION WITH 18% OF STUDENTS ENROLLED EXCLUSIVELY IN DISTANCE EDUCATION AND ANOTHER 7% ENROLLED IN AT LEAST ONE DISTANCE COURSE.DESALES UNIVERSITY ENROLLED 3,315 STUDENTS OF WHICH 2,345 WERE UNDERGRADUATE STUDENTS AND 970 WERE GRADUATE STUDENTS AT THE FALL 2017 CENSUS DATE. THE STUDENT-FACULTY RATIO AT DESALES UNIVERSITY IS 14:1, AND THE SCHOOL HAS 59% OF ITS CLASSES WITH FEWER THAN 20 STUDENTS. THE AVERAGE FRESHMAN RETENTION RATE, AN INDICATOR OF STUDENT SATISFACTION, IS 83%. WITHIN SIX YEARS, 71% OF FIRST-YEAR STUDENTS GRADUATE WITH A BACHELOR'S DEGREE. THE MOST POPULAR UNDERGRADUATE MAJORS AT DESALES UNIVERSITY INCLUDE NURSING, MEDICAL STUDIES, CRIMINAL JUSTICE, BIOLOGY, AND BUSINESS ADMINISTRATION. MORE THAN 95% OF UNDERGRADUATE, FULL-TIME TRADITIONAL STUDENTS RECEIVE SOME FORM OF FINANCIAL AID. 100518114 1 1 0 1 0 0 0 1 1 1 1 0 0 0 1 1 0 1 1 0 1 0 1 0 1 0 0 1 1 1 1 0 0 0 0 0 0 0 0 1 1 1 1 0 0 0 1 0 0 0 1 4782 0 2028 1 1 1 0 0 0 0 1 1 0 0 0 0 X 27 25 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 PA X ROBERT J SNYDER VP FINANCE ADMI 6102821100 2755 STATION AVENUE CENTER VALLEY PA 18034 W DOUGLAS BROWN TRUSTEE CHAIR 2.00 X X 0 0 0 FRANK D BOYER TRUSTEE 1.00 X 0 0 0 DEBRA BARNAK BURKE TRUSTEE 1.00 X 0 0 0 TERESA A COLEMAN TRUSTEE 1.00 X 0 0 0 FRANCIS J FORD JR TRUSTEE 1.00 X 0 0 0 PETER A GRAY TRUSTEE 1.00 X 0 0 0 REV JAMES J GREENFIELD TRUSTEE 1.00 X 0 0 0 GARY J IACOCCA TRUSTEE 1.00 X 0 0 0 BRENDAN KENNEALEY TRUSTEE 1.00 X 0 0 0 JOHN KRISTEL TRUSTEE 1.00 X 0 0 0 JOHN F MALLOY TRUSTEE 1.00 X 0 0 0 GENE J MARINO TRUSTEE 1.00 X 0 0 0 MATTHEW W MARTINEZ TRUSTEE 1.00 X 0 0 0 FR DR STEPHEN MAVELY TRUSTEE 1.00 X 0 0 0 FR KENNETH MCKENNA TRUSTEE 1.00 X 0 0 0 VINCENT J MOFFIT TRUSTEE 1.00 X 0 0 0 MARIA MONTERO TRUSTEE 1.00 X 0 0 0 REV KEVIN M NADOLSKI TRUSTEE 1.00 X 0 0 38116 REV RONALD W OLSZEWSKI TRUSTEE 1.00 X 0 0 0 MICHAEL W PESSINA TRUSTEE 1.00 X 0 0 0 FR ALFRED SCHLERT TRUSTEE 1.00 X 5550 0 0 JOHN D STANLEY TRUSTEE 1.00 X 0 0 0 WILLIAM J STRACCIA III TRUSTEE 1.00 X 0 0 0 JOSEPH C TRINKLE JR TRUSTEE 1.00 X 0 0 0 FR ABRAHAM VETTUVELIL TRUSTEE 1.00 X 0 0 0 DENISE M VON FUNK TRUSTEE 1.00 X 0 0 0 THOMAS V WHALEN TRUSTEE 1.00 X 0 0 0 DR KAREN WALTON VP ACADEMIC AFFAIRS 55.00 X 212618 0 37330 ROBERT SNYDER VP FINANCE & ADMIN 53.00 2.00 X 208690 0 37591 THOMAS CAMPBELL VP FOR INSTITUTIONAL ADVANCEMENT 45.00 X 181432 0 33209 DR GERARD JOYCE INTERIM PRES. (7/1/17 - 12/1/17) 50.00 X 190369 0 39533 MICHAEL SWEETANA DIRECTOR OF FINANCE & TREASURER 54.00 1.00 X 155690 0 24442 PETER RAUTZHAN ASSOC VP ADMIN & PLANNING & SEC'Y 45.00 X 125829 0 38160 DR ROBERT BLUMENSTEIN INT. VP ACAD. AFFAIRS (BEG. 1/18) 50.00 X 160476 0 23406 LINDA ZERBE VP FOR STUDENT LIFE 42.00 X 116759 0 11871 DR CHRISTOPHER COCOZZA CHAIR FOR DIVISION OF BUSINESS 45.00 X 165756 0 28749 DR WAYNE STUART CHAIR FOR DIVISION OF HEALTHCARE 45.00 X 148204 0 30902 DAVID GILFOIL MBA PROGRAM DIRECTOR 50.00 X 163471 0 30732 MARC ALBANESE ASSOC VP CAMPUS ENVIRON/PT FACULTY 45.00 X 149429 0 30250 JOHN BELL CHAIR, DIVISION OF PERFORMING ARTS 45.00 X 147473 0 15110 2131746 0 419401 31 0 1 0 COMPUTER AID INC PO BOX 785526 PHILADELPHIA PA 19178 IT SERVICES 1226319 VALLEY BUILDERS PO BOX 189 EMMAUS PA 18049 CONSTRUCTION 1087423 OBLATES OF ST FRANCIS DESALES 200 KENTMERE PARKWAY WILMINGTON DE 19806 MANAGEMENT & INSTR. 927829 GODSHALL'S LANDSCAPING & HYDROSEEDING 1470 MACK BOULEVARD ALLENTOWN PA 18103 LANDSCAPING SERVICES 686754 MORGAN STANLEY 74 W BROAD STREET BETHLEHEM PA 18018 FINANCIAL SERVICES 470888 13 373964 4277087 3956726 61889 8607777 HIGHER EDUCATION PROGRAM SERVICES 611310 97565816 97565816 97565816 1471290 91 1471199 207831 254607 -46776 -46776 -46776 11361848 27900 8566864 15479 2794984 12421 2807405 2807405 122830 373964 182000 -59170 -59170 AUXILIARY SERVICES AND OTHER 721000 1197306 1197306 BOOKSTORE COMMISSIONS 721000 132298 132298 VENDING REVENUE 721000 13143 13143 1342747 111689089 97565816 1197397 4318099 46000 46000 33163782 33163782 47200 47200 1417321 472443 755781 189097 27155176 25042263 962759 1150154 2036206 1824485 118991 92730 5807661 5199149 344029 264483 2066841 1851934 120782 94125 81925 81925 87423 87423 12500 12500 429544 429544 1060082 684321 358261 17500 1481133 1477804 3329 5269534 4772063 133648 363823 2809395 2767122 42273 3728931 3728931 963598 900368 26160 37070 833779 442940 327515 63324 1331899 1331899 7206737 7206737 830943 830943 FOOD SERVICE 5812940 5812940 INSTRUCTIONAL EXPENSES 1130194 1084255 45939 EQUIPMENT & MAINTENANCE 944602 929762 7341 7499 STUDENT ASSOCIATION 493852 493852 544206 406921 116677 20608 106793404 100518114 3886665 2388625 13390 7890 7755409 12236720 2329940 2249652 2732554 2979682 2361685 2957053 1005242 1018770 222868135 97997193 126055566 124870942 65673099 72755330 10922348 11583119 1796143 1794320 220645376 232453478 6446152 6831850 8227115 8523059 48210000 54639409 4866726 5148874 3890651 721089 1690501 1643919 73331145 77508200 X 116916211 120168734 11569774 13595083 18828246 21181461 147314231 154945278 220645376 232453478 X 4895685 2845987 -110625 X 0 1 X 1 1 1 X 0 12500 12500 107035511 107048011 1000000 250000 0 0 1000000 1000000 1000000 1000000 4000000 6000000 21000 0 12800 12500 46300 250000 250000 250000 250000 1000000 1500000 0 1678417 0 0 X X 0 0 1 X 68071437 1898825 6421279 2054107 32961 429544 73874929 58497153 3243836 8759365 1951770 29794 447353 68071437 56377246 2414318 2178932 2128791 -50040 394592 58497153 55267186 2461353 743608 1755791 29864 309246 56377246 47489348 3791264 6000473 1646941 11098 355860 55267186 0.54000 0.35000 0.11000 0 0 3279698 3326612 6606310 141967577 48994404 92973173 40775583 33017580 7758003 33518665 15985209 17533456 124870942 REFUNDABLE GOV'T LOAN FUNDS 1462395 LIABILITIES UNDER SPLIT INTEREST AGREEMENTS 87274 NET UNAMORTIZED DEBT PREMIUM 94250 1643919 X 80976628 2845987 -33813055 -30967068 111943696 -254607 -254607 111689089 73407485 254607 254607 73152878 33640526 33640526 106793404 PART III, LINE 4: PAINTINGS AND SCULPTURES ARE MAINTAINED AND USED BY THE THEATRE AND ARTS PROGRAMS FOR CLASS INSTRUCTIONAL PURPOSES. PART IV, LINE 2B: FUNDS FROM THE UNIVERSITY'S SUBSIDIARY ARE HELD AND INVESTED WITH THE UNIVERSITY'S ENDOWMENT FUNDS. PART V, LINE 4: THE UNIVERSITY'S ENDOWMENT FUNDS CONSIST OF VARIOUS FUNDS ESTABLISHED FOR A VARIETY OF PURPOSES SUCH AS STUDENT SCHOLARSHIPS AND OPERATING PROGRAM SUPPORT. 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. MANAGEMENT DETERMINED THERE WERE NO TAX UNCERTAINTIES THAT MET THE RECOGNITION THRESHOLD AT JUNE 30, 2018 AND 2017. THE UNIVERSITY'S POLICY IS TO RECOGNIZE INTEREST RELATED TO UNRECOGNIZED TAX BENEFITS IN INTEREST EXPENSE AND PENALTIES IN OPERATING EXPENSES. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS -110,625. SUBSIDIARY OPERATIONS -61,904. INVESTMENT FEES -429,544. SCHOLARSHIP ALLOWANCES -33,210,982. PART XI, LINE 4B - OTHER ADJUSTMENTS: RENTAL EXPENSES -254,607. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES 254,607. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIP ALLOWANCES 33,210,982. INVESTMENT FEES 429,544. SCHEDULE D, PART XI, LINE 4B: INCLUDE ADJUSTMENTS FOR PELL AND PHEAA GRANTS WHICH ARE EXCLUDED FROM REVENUE UNDER FINANCIAL ACCOUNTING STANDARDS AND THE ADDITION OF SCHOLARSHIP ALLOWANCES WHICH ARE REPORTED AS NET REVENUE FOR THE AUDITED FINANCIAL STATEMENTS. SCHEDULE D, PART XII, LINE 4B: INCLUDES ADJUSTMENTS FOR PELL AND PHEAA GRANTS WHICH ARE EXCLUDED FROM REVENUE UNDER FINANCIAL ACCOUNTING STANDARDS AND ADDED BACK SCHOLARSHIP ALLOWANCES WHICH ARE REPORTED AS NET REVENUE FOR THE AUDITED FINANCIAL STATEMENTS. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 6 THE UNIVERSITY RECEIVED THE FOLLOWING FEDERAL AND STATE FINANCIAL AID ASSISTANCE FOR STUDENTS: FEDERAL PELL GRANTS, FEDERAL WORK STUDY PROGRAM, FEDERAL SUPPLEMENTAL EDUCATIONAL OPPORTUNITY GRANTS, FEDERAL PERKINS LOANS, FEDERAL DIRECT STUDENT LOANS, PHEAA STATE GRANTS, PENNSYLVANIA INSTITUTIONAL ASSISTANCE GRANT, U.S DEPARTMENT OF HEALTH & HUMAN SERVICES NURSING STUDENT LOANS, AND NURSE FACULTY LOAN PROGRAMS. THE UNIVERSITY HAS NEITHER HAD FEDERAL NOR STATE FUNDS REVOKED OR SUSPENDED. 0 CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENTS HEDGE FUND 4223751 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 PROGRAM SERVICES STUDY ABROAD 119092 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 PROGRAM SERVICES COURSE-TRIPS 26851 SOUTH AMERICA 0 0 PROGRAM SERVICES COURSE-TRIPS 25182 EAST ASIA AND THE PACIFIC 0 0 PROGRAM SERVICES COURSE-TRIPS 11673 CENTRAL AMERICA AND THE CARIBBEAN 0 0 PROGRAM SERVICES STUDENT EXPERIENCES 56167 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 PROGRAM SERVICES STUDENT EXPERIENCES 10436 SUB-SAHARAN AFRICA 0 0 PROGRAM SERVICES STUDENT EXPERIENCES 29701 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 PROGRAM SERVICES STUDY ABROAD DEVELOPMENT & ASSESSMENT 33269 MIDDLE EAST AND NORTH AFRICA 0 0 PROGRAM SERVICES STUDY ABROAD DEVELOPMENT & ASSESSMENT 7848 EAST ASIA AND THE PACIFIC 0 0 PROGRAM SERVICES STUDY ABROAD DEVELOPMENT & ASSESSMENT 4349 SOUTH ASIA 0 0 PROGRAM SERVICES STUDY ABROAD DEVELOPMENT & ASSESSMENT 9048 0 0 0 0 0 0 4502853 54514 4557367 TUITION DISCOUNT EUROPE (INCLUDING ICELAND & GREENLAND) 1 17000 CREDIT TUITION TUITION DISCOUNT NORTH AMERICA 1 30200 CREDIT TUITION 0 0 0 0 1 0 SCHEDULE F, PART I, LINE 2 THE UNIVERSITY IS REPORTING FINANCIAL AID AWARDED TO STUDENTS WITH A FOREIGN ADDRESS AT THE TIME AID WAS AWARDED. THE STUDENT RESIDED AT THE UNIVERSITY WHILE THEY WERE ENROLLED IN CLASSES AND WERE AWARDED FINANCIAL AID. SCHEDULE F, PART I, LINE 3 THE UNIVERSITY HAS INTEREST IN HEDGE FUNDS IN THE CARIBBEAN. THE MARKET VALUE OF THE INVESTMENT IN THE HEDGE FUND ARE BEING REPORTED. THE UNIVERSITY HAS A STUDY ABROAD PROGRAM IN ITALY FOR STUDENTS OF THE UNIVERSITY. THE UNIVERSITY ALSO HAS SUMMER STUDY ABROAD PROGRAMS AND OFFERS CERTAIN COURSES THAT CONCLUDE WITH AN OPTION TO TRAVEL ABROAD FOR SEVERAL DAYS. SCHEDULE F, PART IV, LINE 5 THE UNIVERSITY HAS LESS THAN A 10% INTEREST IN FOREIGN HEDGE FUNDS. DINNER DANCE 284244 230694 53550 25923 41606 8150 27428 GOLF OUTING 164315 136480 27835 431 700 14179 19874 16403 1 27548 6790 20758 9208 9360 8738 476107 373964 102143 431 26623 64993 37384 52569 182000 -79857 1 PENNSYLVANIA SHAKESPEARE FESTIVAL 2755 STATION AVENUE CENTER VALLEY PA 18034 232655972 501(C)(3) 20000 GALA SPONSOR NATIVITY PREPARATORY SCHOOL 1515 LINDEN STREET WILMINGTON DE 19805 223884703 501(C)(3) 10000 GALA SPONSOR 2 UNIVERSITY SCHOLARSHIPS 1759 28504165 FEDERAL AND STATE ASSISTANCE 915 4659617 PART I, LINE 2: SCHOLARSHIPS ARE AWARDED ON THE BASIS OF ACADEMIC ACHIEVEMENT AND DONOR RESIDENCE WHILE GRANTS ARE AWARDED ON THE BASIS OF FINANCIAL NEED, ACADEMIC ACHIEVEMENT, AND STANDARDS AS DESIGNATED BY THE U.S. DEPARTMENT OF EDUCATION. CONTRIBUTIONS TO OTHER ORGANIZATIONS ARE ONLY PROVIDED TO KNOWN NON-PROFITS. THE ORGANIZATION SUPPPORTS ITS RELATED ORGANIZATIONS AND LOCAL CHARITIES AND DOES NOT MONITOR THE FUNDS AFTER THEY ARE DISBURSED. X 1 1 X X X 0 0 0 0 0 0 0 0 0 DR KAREN WALTON VP ACADEMIC AFFAIRS 212618 0 0 0 0 0 21055 0 16275 0 249948 0 0 0 ROBERT SNYDER VP FINANCE & ADMIN 208690 0 0 0 0 0 21107 0 16484 0 246281 0 0 0 THOMAS CAMPBELL VP FOR INSTITUTIONAL ADVANCEMENT 181432 0 0 0 0 0 18534 0 14675 0 214641 0 0 0 DR GERARD JOYCE INTERIM PRES. (7/1/17 - 12/1/17) 190369 0 0 0 0 0 18677 0 20856 0 229902 0 0 0 MICHAEL SWEETANA DIRECTOR OF FINANCE & TREASURER 155690 0 0 0 0 0 15654 0 8788 0 180132 0 0 0 PETER RAUTZHAN ASSOC VP ADMIN & PLANNING & SEC'Y 125829 0 0 0 0 0 13164 0 24996 0 163989 0 0 0 DR ROBERT BLUMENSTEIN INT. VP ACAD. AFFAIRS (BEG. 1/18) 160476 0 0 0 0 0 14603 0 8803 0 183882 0 0 0 DR CHRISTOPHER COCOZZA CHAIR FOR DIVISION OF BUSINESS 165756 0 0 0 0 0 14902 0 13847 0 194505 0 0 0 DR WAYNE STUART CHAIR FOR DIVISION OF HEALTHCARE 148204 0 0 0 0 0 14956 0 15946 0 179106 0 0 0 DAVID GILFOIL MBA PROGRAM DIRECTOR 163471 0 0 0 0 0 14710 0 16022 0 194203 0 0 0 MARC ALBANESE ASSOC VP CAMPUS ENVIRON/PT FACULTY 149429 0 0 0 0 0 14295 0 15955 0 179679 0 0 0 JOHN BELL CHAIR, DIVISION OF PERFORMING ARTS 147473 0 0 0 0 0 14314 0 796 0 162583 0 0 0 PART I, LINE 1A A SOCIAL CLUB MEMBERSHIP IS PAID BY THE UNIVERSITY FOR THE PRESIDENT TO CONDUCT UNIVERSITY BUSINESS. THE VICE-PRESIDENT OF INSTITUTIONAL ADVANCEMENT'S SOCIAL CLUB MEMBERSHIP IS PARTIALLY PAID BY THE UNIVERSITY IN ORDER TO CONDUCT UNIVERSITY BUSINESS. A THE WASHINGTON TOWNSHIP MUNICIPAL AUTHORITY 232729453 2017-11-16 10000000 CONSTRUCTION OF RESIDENCE, PROPERTY PURCHASE & CAMPUS IMPROVEMENTS 0 0 0 B THE WASHINGTON TOWNSHIP MUNICIPAL AUTHORITY 232729453 2015-11-19 10000000 CONSTRUCTION OF ATHLETIC FIELDS AND ELECTRICAL BUILDING 0 0 0 C THE WASHINGTON TOWNSHIP MUNICIPAL AUTHORITY 232729453 2013-12-19 10000000 CONSTRUCTION OF RESIDENCE UNITS 0 0 0 D LEHIGH COUNTY GENERAL PURPOSE AUTHORITY 911886539 2010-12-22 20050000 RETIRED BOND AND CONSTRUCT ACADEMIC BUILDING 0 0 0 A 10000000 92681 6552319 3355000 0 0 0 1 B 280000 10000000 95329 9904671 2016 0 0 1 1 C 1130000 10000000 118138 9881862 2014 0 0 1 1 D 6185000 20050000 187258 8513878 11785545 2013 1 1 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 D 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 A 0 0 1 0 1 0 0 0 1 B 0 0 1 0 1 0 0 0 1 C 0 0 1 0 1 0 0 0 1 D 0 0 1 0 1 0 0 0 1 A 1 B 1 C 1 D 1 A THE WASHINGTON TOWNSHIP MUNICIPAL AUTHORITY 232729453 2007-11-07 10000000 CONSTRUCTION OF RESIDENCE HALL 0 0 0 B UPPER SAUCON TOWNSHIP MUNICIPAL AUTHORITY 236000547 2005-12-01 9609549 PARTIAL REFUNDING OF SERIES 1999A BONDS DATED AS OF 3/15/1999 0 0 0 C UPPER SAUCON TOWNSHIP MUNICIPAL AUTHORITY 236000547 2004-10-29 6300000 CONSTRUCTION OF RESIDENCE HALL 0 0 0 A 4445000 10000000 98275 9901725 2009 0 0 1 1 B 5754549 9609549 73130 11150 9844638 2005 1 1 1 1 C 3480000 6300000 100000 6200000 2004 0 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 1 0 1 0 0 0 1 B 0 0 1 0 1 0 0 0 1 C 0 0 1 0 0 0 0 0 1 A 1 B 1 C 1 FR JAMES J GREENFIELD TRUSTEE THROUGH 12/31/17, PRESIDENT STARTING 1/1/18 1075753 REV. GREENFIELD WAS THE PROVINCIAL OF THE OBLATES OF ST. FRANCIS DE SALES THROUGH 12/31/17; THE UNIVERSITY CONTRACTS WITH THE OBLATES TO PROVIDE SEVERAL FACULTY AND ADMINISTATIVE POSITIONS. 0 RACHAEL COLEMAN DAUGHTER OF TRUSTEE 34149 RACHAEL COLEMAN IS A RELATIVE OF TERESA COLEMAN AND IS COMPENSATED BY DESALES UNIVERSITY AS AN EMPLOYEE. TERESA COLEMAN DOES NOT SUPERVISE RACHAEL COLEMAN NOR DOES SHE PARTICIPATE IN DICUSSIONS ON RACHAEL COLEMAN'S COMPENSATION. 0 X 1260 THRIFT SHOP VALUE X 6 40852 NYSE X SUPPLIES 3 7090 COMPARABLE SALES X AUCTION - TICKETS 20 5244 COMPARABLE SALES X AUCTION - OTHER 21 4618 COMPARABLE SALES X AUCTION - TRAVEL 2 2825 COMPARABLE SALES 0 0 1 0 PART I, COLUMN (B): THE NUMBER IN COLUMN B REPRESENTS THE NUMBER OF CONTRIBUTORS. FORM 990, PART VI, SECTION A, LINE 2 FATHER MORRISSEY IS THE GENERAL TREASURER OF THE OBLATES OF SAINT FRANCIS OF DE SALES (OBLATES). THE UNIVERSITY CONTRACTS WITH THE OBLATES TO PROVIDE SEVERAL FACULTY AND ADMINISTRATORS, INCLUDING PROFESSIONAL SERVICES FOR THE PRESIDENT OF THE UNIVERSITY. V. REV JAMES GREENFIELD WAS THE PROVINCIAL OF THE OBLATES OF ST. FRANCIS DE SALES UNTIL BECOMING THE PRESIDENT OF DESALES UNIVERSITY THIS PAST FISCAL YEAR. FORM 990, PART VI, SECTION B, LINE 11B FINANCE PERSONNEL PERFORM AN INITIAL REVIEW OF THE FORM 990. ONCE THEY ARE SATISFIED, THE AUDIT COMMITTEE, A BOARD SUB-COMMITTEE, REVIEWS AND APPROVES THE FORM 990 PRIOR TO ITS SUBMISSION. THE FORM 990 IS THEN MADE AVAILABLE TO THE FULL BOARD AFTER APPROVAL BY THE AUDIT COMMITTEE AND PRIOR TO ITS SUBMISSION TO THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C OFFICERS, TRUSTEES AND EMPLOYEES WITH PURCHASING, FINANCIAL AND BUDGETARY RESPONSIBILITIES RECEIVE THE CONFLICT OF INTEREST POLICY ANNUALLY AND ARE ASKED TO ACKNOWLEDGE RECEIPT AND COMPLIANCE WITH THE POLICY BY SIGNING THE DOCUMENT AND DISCLOSING CONFLICTS. THE POLICY EXPRESSLY MENTIONS FAMILY AND BUSINESS RELATIONSHIPS AS HAVING POTENTIAL AS SOURCES OF CONFLICTS. IF CONFLICTS ARISE AND CANNOT BE QUICKLY RESOLVED, THE UNIVERSITY'S SECRETARY WILL INFORM THE AUDIT COMMITTEE. THE AUDIT COMMITTEE INFORMS THE BOARD OF TRUSTEES WHO WILL DECIDE WHAT ACTION TO TAKE. THE BOARD WILL ANALYZE THE MATERIAL FACTS AND WILL DOCUMENT ALL DECISIONS REGARDING CONFLICTS IN THE BOARD MINUTES. FORM 990, PART VI, SECTION B, LINE 15 FOR FISCAL YEAR 2018, THE GOVERNANCE COMMITTEE OF THE BOARD REVIEWED AND APPROVED THE PRESIDENT'S AND VICE PRESIDENTS' SALARIES. IN GENERAL, SALARIES ARE COMPARED TO RELEVANT INDUSTRY BENCHMARKS TO ENSURE COMPENSATION REMAINS WITHIN FAIR MARKET VALUE FOR THE INDUSTRY. NOTE THE COMPENSATION AMOUNT FOR THE PRESIDENT OF THE UNIVERSITY IS PAID TO THE OBLATES OF SAINT FRANCIS DE SALES. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS, THE CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE PROVIDED ON AN AS-NEEDED BASIS AND THEIR RELEASE IS DEPENDENT UPON THE PARTICULAR REQUEST. THE DISCLOSURE OF THESE DOCUMENTS IS NOT REQUIRED UNDER PENNSYLVANIA NON-PROFIT LAW. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS -110,625. PENNSYLVANIA SHAKESPEARE FESTIVAL 2755 STATION AVENUE CENTER VALLEY PA 18034 232655672 PROFESIONAL THEATRE COMPANY PA 501(C)(3) LINE 12B, II NA 0 FORUM FOR ETHICS IN THE WORKPLACE 2755 STATION AVENUE CENTER VALLEY PA 18034 251893421 ETHICS DISCUSSIONS PA 501(C)(3) LINE 12A, I NA 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 1 0 0