2025-11-17T09:48:40-06:00 2025-06-30 410746749 CLIFTONLARSONALLEN LLP TWO INTERNATIONAL PLACE 22ND FLOOR BOSTON MA 02110 990 2024-07-01 231526668 CABRINI LEGACY CORPORATION CABR 6109028415 610 KING OF PRUSSIA ROAD RADNOR PA 19087 LYNDA BUZZARD TREASURER 6109028415 2025-11-14 1 0 LAURA J KENNEY P00202198 6177170831 2025-11-14 2024 2025-03-06 01:10:19Z CABRINI UNIVERSITY AMY LAMBERT 610 KING OF PRUSSIA ROAD RADNOR PA 19087 446766 0 0928 X WWW.CABRINIUNIVERSITY.COM X 1957 PA FORMER CATHOLIC INSTITUTION OF HIGHER EDUCATION DEDICATED TO ACADEMIC EXCELLENCE, LEADERSHIP DEVELOPMENT, AND A COMMITMENT TO SOCIAL JUSTICE. 11 10 373 10 0 0 2069966 20316 28257904 2492 1121172 227108 758198 196850 32207240 446766 34053909 0 0 0 17779455 358656 0 0 0 26345905 233795 78179269 592451 -45972029 -145685 11475149 3980595 9763337 2414468 1711812 1566127 X SEE SCHEDULE O.EDUCATION OF THE HEART: CABRINI UNIVERSITY WAS A CATHOLIC INSTITUTION OF HIGHER EDUCATION. THE CABRINI LEGACY CORPORATION EXISTS TO PROTECT THE LEGACY OF THE FORMER UNIVERSITY.CABRINI UNIVERSITY WAS A CATHOLIC INSTITUTION OF HIGHER EDUCATION DEDICATED TO ACADEMIC EXCELLENCE, LEADERSHIP DEVELOPMENT, AND A COMMITMENT TO SOCIAL JUSTICE. THE UNIVERSITY WELCOMED LEARNERS OF ALL FAITHS, CULTURES AND BACKGROUNDS TO PREPARE THEM TO BECOME ENGAGED CITIZENS OF THE WORLD. 0 0 365799 0 2492 CABRINI LEGACY CORPORATION EXISTS TO MEET THE NEEDS OF FORMER CABRINI UNIVERSITY STUDENTS, FACULTY, STAFF AND ALUMNI AFTER THE CLOSURE OF THE UNIVERSITY IN 2024. THE CABRINI LEGACY CORPORATION MAINTAINS ALL REQUIRED RECORDS FOR RETENTION, RESPONDS TO ALL INQUIRIES REGARDING NEEDS OF THE POPULATION NOTED ABOVE AND SERVES TO COMPLETE REMAINING COMPLIANCE RESPONSIBILITIES OF THE FORMER UNIVERSITY. 365799 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1002 0 1 373 1 0 0 0 0 0 0 0 0 0 0 0 0 X 11 10 0 0 0 0 0 0 0 1 0 0 0 1 1 1 1 1 1 1 0 0 PA X LYNDA BUZZARD TREASURER 6105194952 610 KING OF PRUSSIA RD RADNOR PA 19087 HELEN DRINAN INTERIM PRESIDENT TO AUGUST 2024 35.00 X X 330000 0 52188 AMY LAMBERT CHAIR 1.00 X X 0 0 0 MARY BETH SENKEWICZ VICE CHAIR 1.00 X X 0 0 0 ANDREA KELLIHER SECRETARY 1.00 X X 0 0 0 GEORGE BADEY III ESQ TRUSTEE 1.00 X 0 0 0 ANDREW BRADY TRUSTEE 1.00 X 0 0 0 HERNAN GUARACAO TRUSTEE 1.00 X 0 0 0 MICHAEL KUBACKI TRUSTEE 1.00 X 0 0 0 DAVID REGN TRUSTEE 1.00 X 0 0 0 RACHEL SLAUGHTER TRUSTEE 1.00 X 0 0 0 ERIC TIDWELL TRUSTEE 1.00 X 0 0 0 LYNDA BUZZARD TREASURER, VP FINANCE TO AUGUST 2024 35.00 X 149970 0 12285 MELISSA TERLECKI ASSOCIATE DEAN TO JUNE 2024 35.00 X 139392 0 9672 BEVERLY BRYDE PROFESSOR OF EDUCATION TO MAY 2024 35.00 X 137519 0 7366 ERIN MCLAUGHLIN ASSOCIATE DEAN TO JUNE 2024 35.00 X 136873 0 12056 CATHERINE CORCORAN VP STUDENT EXPERIENCE TO JUNE 2024 35.00 X 133676 0 9228 NANCY OLLINGER DIR ADMIN/PRES INIT TO AUGUST 2024 35.00 X 135530 0 9746 1162960 0 112541 12 0 1 0 ALLIED UNIVERSAL SECURITY SERVICES PO BOX 828854 PHILADELPHIA PA 19182 SECURITY SERVICES 611749 SAUL EWING LLP 1500 MARKET ST 38TH FL PHILADELPHIA PA 19102 LEGAL SERVICES 360588 GO4 HEALTHCARE LLC 1026 N SHORE DRIVE BRIGANTINE NJ 08203 ATHLETIC TRAINING SERVICES 140862 CLIFTONLARSONALLEN LLP 150 S WARNER ROAD 310 KING OF PRUSSIA PA 19406 AUDIT AND TAX SERVICES 140206 4 20316 20316 TUITION AND FEES 611310 2492 2492 2492 227108 227108 127585 0 127585 127585 127585 OTHER INCOME 900099 69265 69265 69265 446766 2492 0 423958 222576 222576 136080 136080 233347 233347 40758 40758 105439 105439 17640 17640 -628 -628 12366 12366 84529 84529 24500 24500 1623 1623 -567049 -567049 BAD DEBT WRITE-OFFS 214671 214671 EVENTS AND PROGRAMS 40315 40315 FOOD SERVICES 14737 14737 OTHER EXPENSES 11547 11547 592451 365799 226652 0 7233492 627515 1664494 2781326 446440 571754 2130723 0 11475149 3980595 7028869 750000 1070000 1664468 1664468 9763337 2414468 X 1711812 1566127 1711812 1566127 11475149 3980595 -145685 0 X 0 0 0 X 0 OTHER LIABILITIES 1664468 1664468 1 1 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 SCHEDULE E, PART I, LINE 3 PRIOR TO CLOSING THE UNIVERSITY IN JUNE 2024, THE NON-DISCRIMINATORY POLICY WAS AVAILABLE ON THE UNIVERSITY'S WEBSITE. X 1 1 X X 1 0 0 0 0 0 0 0 0 HELEN DRINAN INTERIM PRESIDENT TO AUGUST 2024 231250 0 0 0 98750 0 16188 0 36000 0 382188 0 0 0 LYNDA BUZZARD TREASURER, VP FINANCE TO AUGUST 2024 119970 0 0 0 30000 0 5077 0 7208 0 162255 0 0 0 PART I, LINE 1A HELEN DRINAN, INTERIM PRESIDENT - RESIDENCE FOR PERSONAL USE: THE UNIVERSITY REQUIRED ITS INTERIM PRESIDENT TO LIVE IN A RESIDENCE ON CAMPUS. THE ANNUAL RENTAL VALUE OF THE RESIDENCE IS NOT TREATED AS TAXABLE COMPENSATION TO THE PRESIDENT. THE ANNUAL RENTAL VALUE OF THE RESIDENCE FROM JANUARY TO AUGUST 2024 IS INCLUDED IN THE AMOUNT REPORTED ON SCHEDULE J, PART II, COLUMN (D). PART I, LINE 4A THE FOLLOWING INDIVIDUALS RECEIVED SEVERANCE PAYMENTS IN 2024. THIS AMOUNT WAS REPORTED AS TAXABLE INCOME AND IS INCLUDED IN THE AMOUNT REPORTED IN FORM 990, PART VII, COLUMN (D). HELEN DRINAN: $98,750 LYNDA BUZZARD: $30,000 MELISSA TERLECKI: $78,846 ERIN MCLAUGHLIN: $71,635 NANCY OLLINGER: $50,000 BEVERLY BRYDE: $12,000 CATHERINE CORCORAN: $58,692 FORM 990, PART VI, SECTION A, LINE 8B THERE ARE NO COMMITTEES WITH AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY AN INDEPENDENT ACCOUNTING FIRM USING INFORMATION PROVIDED BY THE TREASURER. THE BOARD RECEIVES A COPY OF THE DRAFT FORM 990 AND HOLDS A MEETING TO REVIEW AND DISCUSS ANY QUESTIONS. IN THAT MEETING, THE BOARD VOTES TO APPROVE THE FILING OF THE FORM 990. ONCE APPROVED, THE FORM IS FILED. FORM 990, PART VI, SECTION B, LINE 12C TRUSTEES AND OFFICERS ARE REQUIRED TO COMPLETE ANNUAL CONFLICT OF INTEREST QUESTIONNAIRES. THE RESPONSES TO THOSE QUESTIONNAIRES ARE REVIEWED AND SUMMARIZED BY THE SECRETARY. ANY POTENTIAL CONFLICTS OF INTEREST THAT ARE IDENTIFIED AS A RESULT OF THAT PROCESS WOULD BE BROUGHT TO THE ATTENTION OF THE BOARD CHAIR. TRUSTEES OR OFFICERS HAVING A CONFLICT OF INTEREST ON ANY MATTER THAT COMES BEFORE THE BOARD RECUSE THEMSELVES FROM PARTICIPATING IN THE DECISION. IN THE EVENT THE TRUSTEE OR OFFICER DOES NOT RECUSE THEMSELF FROM A MATTER ASSOCIATED WITH A CONFLICT OF INTEREST, THE BOARD CHAIR IS RESPONSIBLE FOR PROHIBITING THAT TRUSTEE OR OFFICER FROM PARTICIPATING IN THE DELIBERATIONS AND DECISION. FORM 990, PART VI, SECTION B, LINE 15A COMPENSATION FOR CABRINI UNIVERSITY'S PRESIDENT WAS DETERMINED AFTER A THOROUGH COMPENSATION COMPARATIVE ANALYSIS OF THE SPECIFIED JOB SCOPE WAS CONDUCTED. THE DATA SOURCES USED FOR COMPILATION OF SALARY STRUCTURES WERE COLLEGE AND UNIVERSITY PROFESSIONAL ASSOCIATION (CUPA) ADMINISTRATIVE SALARY SURVEYS, COMPARISON OF SALARIES TO ASPIRANT SCHOOLS, CHRONICLE OF HIGHER EDUCATION SALARY SURVEYS, BUREAU OF LABOR STATISTICS, AND OTHER INDEPENDENT COMPENSATION CONSULTANTS IF NEEDED. DUE TO EXTRAORDINARY CIRCUMSTANCES IN 2020 AND BEYOND, THE INTERIM PRESIDENT'S TOTAL COMPENSATION METHODOLOGY WAS ALTERED USING THE SAME COMPARATIVE DATA. THE EXECUTIVE COMPENSATION COMMITTEE AND THE INTERIM PRESIDENT PRESENTED THIS ADJUSTMENT TO THE BOARD FOR APPROVAL. THE INTERIM PRESIDENT'S SALARY AND OTHER COMPENSATION REQUIRED APPROVAL BY THE FULL BOARD. COMPENSATION DECISIONS FOR THE INTERIM PRESIDENT WERE DOCUMENTED IN THE MINUTES OF THE EXECUTIVE COMPENSATION COMMITTEE AND/OR BOARD MINUTES. THIS PROCESS LAST OCCURRED IN 2025. FORM 990, PART VI, SECTION B, LINE 15B: COMPENSATION FOR OTHER CABRINI UNIVERSITY OFFICERS AND KEY EMPLOYEES WAS DETERMINED AFTER A THOROUGH COMPENSATION COMPARATIVE ANALYSIS OF THE SPECIFIED JOB SCOPE WAS CONDUCTED. THE DATA SOURCES USED FOR COMPILATION OF SALARY STRUCTURES ARE COLLEGE AND UNIVERSITY PROFESSIONAL ASSOCIATION (CUPA) ADMINISTRATIVE SALARY SURVEYS, COMPARISON OF SALARIES TO ASPIRANT SCHOOLS, CHRONICLE OF HIGHER EDUCATION SALARY SURVEYS, BUREAU OF LABOR STATISTICS, AND OTHER INDEPENDENT COMPENSATION CONSULTANTS IF NEEDED. IN ADDITION, COMPENSATION FOR THESE EMPLOYEES WAS BASED ON HOW THEIR PERFORMANCE MEASURES AGAINST THEIR ANNUAL OBJECTIVES. ONCE THE SALARY SURVEY DATA WAS PRESENTED, THE INTERIM PRESIDENT REVIEWED THE DATA AND APPROVED THE FINAL PAY STRUCTURE OF THE SPECIFIED POSITION. THE EXECUTIVE COMPENSATION COMMITTEE OF THE BOARD REVIEWED THE INTERIM PRESIDENT'S RECOMMENDATIONS BUT DID NOT APPROVE THESE EMPLOYEE'S SALARY OR OTHER COMPENSATION. THIS PROCESS LAST OCCURRED IN 2025. FORM 990, PART VI, SECTION C, LINE 19 THE UNIVERSITY'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE NOT MADE AVAILABLE TO THE PUBLIC.