2019-02-18T07:47:33-06:00 2018-06-30 410746749 CLIFTONLARSONALLEN LLP 610 W GERMANTOWN PIKE STE 400 PLYMOUTH MEETING PA 19462 990 2017-07-01 231413680 SALUS UNIVERSITY SALU 2157801400 8360 OLD YORK ROAD ELKINS PARK PA 19027 DONALD KATES VICE PRESIDENT OF FINANCE 2157801400 2019-02-14 1 KAREN GRIES P00078514 2156433900 67.137.57.251 2019-02-14 15:44:32 CS P 48943B999F87A455DDDAC2F617771C67E5F72438 D2247AA8BE78FB69090F508ED08893713EEA4274 2017 2019-02-21 02:37:17Z DR MICHAEL H MITTELMAN 8360 OLD YORK ROAD ELKINS PARK PA 19027 54160045 0 X WWW.SALUS.EDU X 1919 PA ADVANCING INTEGRATED HEALTH CARE THROUGH INNOVATIVE EDUCATION, RESEARCH AND CLINICAL SERVICES. 23 19 1054 17 0 0 5762617 7024802 43080283 44338625 27085 24619 1324903 1393771 50194888 52781817 1314696 1319145 0 0 35385088 34320912 28402 25187 657810 12892394 14393348 49620580 50058592 574308 2723225 75596857 76048958 60258703 56914759 15338154 19134199 THE MISSION OF SALUS UNIVERSITY IS TO ADVANCE INTEGRATED HEALTH CARE THROUGH INNOVATIVE EDUCATION, RESEARCH AND CLINICAL SERVICES. 0 0 31964095 1319145 41582259 SALUS UNIVERSITY IS A FOUR YEAR POST GRADUATE EDUCATIONAL INSTITUTION. THE UNIVERSITY PROGRAMS LEAD TO DOCTORAL DEGREES IN OPTOMETRY AND AUDIOLOGY AND MASTER'S DEGREES IN MEDICAL SCIENCE, OCCUPATIONAL THERAPY, SPEECH & LANGUAGE, LOW VISION REHABILITATION AND OTHERS. THE UNIVERSITY ENROLLS APPROXIMATELY 1,100 STUDENTS. DURING THE YEAR 398 STUDENTS EARNED DEGREES. 7408835 0 2756366 THE UNIVERSITY OPERATES THREE CLINICAL TEACHING FACILITIES. APPROXIMATELY 400 STUDENTS ARE TRAINED ANNUALLY. THE CLINICS PROVIDE EYE CARE, EAR CARE AND SPEECH & LANGUAGE REHABILITATION TO APPROXIMATELY 43,400 PATIENTS A YEAR. 2010053 0 0 THE UNIVERSITY RECEIVES FEDERAL, STATE AND PRIVATE GRANTS TO SUPPORT BASIC RESEARCH, CLINICAL RESEARCH, SPECIALIZED TRAINING AND STUDENT FINANCIAL AID. THESE AMOUNTS ARE EXPENDED PURSUANT TO THE GRANT AGREEMENT. 41382983 1 1 0 1 0 0 0 0 0 1 1 0 1 1 1 1 0 1 1 0 1 0 0 1 0 0 0 0 1 1 1 0 0 0 0 0 0 1 1 1 0 0 0 0 0 1 1 1 0 0 0 1 239 1 1 1054 1 0 0 0 0 0 0 0 0 0 0 X 23 19 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 PA X DONALD KATES 2157801240 8360 OLD YORK ROAD ELKINS PARK PA 19207 DR MICHAEL H MITTELMAN PRESIDENT 45.00 2.00 X X 392512 0 30667 MS JO SURPIN CHAIR 1.00 1.00 X X 0 0 0 DR DAN ABRAMOWICZ VICE CHAIR 1.00 1.00 X X 0 0 0 DR CRAIG CASSEY SECRETARY 1.00 1.00 X X 0 0 0 MS JANE SCACCETTI TREASURER 1.00 1.00 X X 0 0 0 MS TERRI ALBERTSON TRUSTEE 1.00 0.00 X 0 0 0 DR DERRICK ARTIS TRUSTEE 1.00 0.00 X 0 0 0 DR MARK BOAS TRUSTEE/INSTRUCTOR 1.00 1.00 X 23207 0 0 DR THOMAS BEEMAN TRUSTEE 1.00 0.00 X 0 0 0 MS REBECCA DELIA TRUSTEE 1.00 0.00 X 0 0 0 MR RICHARD DEPIANO TRUSTEE 1.00 0.00 X 0 0 0 MR CHRISTOPHER DEZZI TRUSTEE 1.00 0.00 X 0 0 0 MR READE FAHS TRUSTEE 1.00 0.00 X 0 0 0 MR KEITH D IGNOTZ TRUSTEE 1.00 1.00 X 0 0 0 MS BROOKE JAMGOHIAN STUDENT TRUSTEE 1.00 0.00 X 0 0 0 MR JEROME KLINE TRUSTEE 1.00 0.00 X 0 0 0 DR LINDA CASSER LOCKE FACULTY TRUSTEE 35.00 0.00 X 164431 0 27190 MR JOSEPH W MARSHALL III TRUSTEE 1.00 0.00 X 0 0 0 MS KYRA MCGRATH TRUSTEE 1.00 0.00 X 0 0 0 MS SARA MITCHELL TRUSTEE 1.00 0.00 X 0 0 0 MS MICHELE PALOS-SAMSI TRUSTEE 1.00 0.00 X 0 0 0 MS MINDY M POSOFF TRUSTEE 1.00 1.00 X 0 0 0 MS ADRIENNE PHILLIPS TRUSTEE 1.00 0.00 X 0 0 0 DONALD KATES VICE PRESIDENT - FINANCE 45.00 1.00 X 202747 0 36690 JOHN GAAL VICE PRESIDENT - CLINIC OPERATIONS 45.00 0.00 X 171525 0 18713 DR JANICE SCHARRE VICE PRESIDENT - ACADEMIC AFFAIRS 45.00 0.00 X 276623 0 27401 MR BRIAN ZUCKERMAN CHIEF OF STAFF 35.00 0.00 X 226917 0 21957 DR LORRAINE LOMBARDI FACULTY 35.00 0.00 X 195598 0 28301 DR MELISSA TREGO DEAN - COLLEGE OF OPTOMETRY 35.00 0.00 X 215723 0 36079 DR ALEXANDER DIZHOOR ASSOCIATE DEAN FACULTY AFFAIRS 35.00 0.00 X 220969 0 26561 DR SUSAN OLESZEWSKI VICE PRESIDENT - INSTITUTIONAL ADVANCEMENT 35.00 0.00 X 198666 0 30838 DR MITCHELL SCHEIMAN DEAN OF RESEARCH 35.00 0.00 X 234548 0 37073 2523466 0 321470 11 0 1 0 PATRIOT CONSTRUCTION INC 950 CALCON HOOK RD SUITE 25 SHARON HILL PA 19079 CONSTRUCTION 2903446 FLATIRON BUILDING COMPANY 5189 RIDGE AVENUE PHILADELPHIA PA 19128 CONSTRUCTION 1445036 JAMES J CLEARKIN INC 110 FRANKLIN AVENUE CHELTENHAM PA 19012 CONSTRUCTION 606140 NEXTGEN HEALTH CARE PO BOX 809390 CHICAGO IL 60680 SOFTWARE FOR CLINICS 367179 MATTHEWS MEDICAL BOOKSTORE 8360 OLD YORK ROAD ELKINS PARK PA 19027 BOOKSTORE 355506 36 750610 4947105 1327087 7024802 TUITION 611310 41582259 41582259 PATIENT CARE 611310 2756366 2756366 44338625 24619 24619 1276712 1071510 205202 205202 205202 592493 306718 285775 285775 OTHER OPERATING INCOME 900099 372525 372525 FOUNDATION MANAGEMENT FEE 900099 255000 255000 HAFTER FEES 900099 222402 222402 52867 52867 902794 52781817 44338625 0 1418390 1319145 1319145 2896178 1723540 937705 234933 24018302 20797730 3089506 131066 1950679 1619304 322108 9267 3597362 2964124 552986 80252 1858391 1584576 273815 64902 5479 59423 82185 82185 24990 24990 25187 25187 2188459 2188459 282192 209270 72922 978146 737328 225570 15248 2553685 2190954 362731 979568 915665 50913 12990 370180 324342 43453 2385 462818 306200 156618 2696471 2022353 674118 644085 362789 281296 EQUIPMENT & MAINTENANCE 1684646 1119871 556986 7789 PRINTING & PUBLICATION 497659 457593 -11513 51579 UNIVERSITY SPECIAL EVEN 265554 165877 32685 66992 617808 368384 229302 20122 50058592 41382983 8017799 657810 16538409 19409787 1603422 1383540 28293 31236 361758 299128 76031005 38890857 37216956 37140148 15178874 13147965 4669145 4637154 75596857 76048958 3614664 2333396 9660927 10073390 15450027 15042780 2248730 2000014 29284355 27465179 60258703 56914759 X 6417344 18728360 4440983 255197 4479827 150642 15338154 19134199 75596857 76048958 X 2723225 1072820 X 0 1 X 1 1 1 X 0 0 0 0 0 0 0 0 0 0 0 0 1 24990 24990 0 PART II-B, LINE 1: SALUS UNIVERSITY UTILIZES WEBBER ASSOCIATES TO LOBBY EDUCATIONAL ISSUES IN THE STATE OF PENNSYLVANIA. 23361107 427117 1849435 830242 24807417 21186946 113539 2848168 787546 23361107 21969063 614107 -471833 924391 21186946 22922913 144945 -272976 825819 21969063 20564011 479437 2466462 586997 22922913 0.72500 0.15400 0.12100 0 1 0 3160920 3160920 52855209 24345079 28510130 20014876 14545778 5469098 37140148 GOVERMENT LOANS TO STUDENTS 13147965 F 13147965 DUE TO/FROM SUBSIDIARY 3531964 OTHER ASSETS 1105190 4637154 GOVERNMENT ADVANCES 15761607 POST RETIREMENT BENEFITS 10657019 OTHER LIABILITIES 1046553 27465179 X PART V, LINE 4: THE ENDOWMENT FUNDS ARE HELD BY PENNSYLVANIA COLLEGE OF OPTOMETRY FOUNDATION, A RELATED TAX-EXEMPT ORGANIZATION. THE PENNSYLVANIA COLLEGE OF OPTOMETRY FOUNDATION'S ENDOWMENT CONSISTS OF A PORTFOLIO OF ACTIVELY MANAGED FUNDS ESTABLISHED TO PROVIDE BOTH A SOURCE OF OPERATING FUNDS AS WELL AS LONG-TERM FINANCIAL STABILITY. THE ENDOWMENT INCLUDES BOTH DONOR RESTRICTED ENDOWMENT FUNDS AND FUNDS DESIGNATED BY THE BOARD OF TRUSTEES TO FUNCTION AS ENDOWMENTS OR QUASI ENDOWMENTS. ENDOWMENT FUNDS MAY HAVE PURPOSE RESTRICTIONS ON USE OF THE INCOME. PART X, LINE 2: THE UNIVERSITY HAS BEEN GRANTED TAX-EXEMPT STATUS AS A NOT-FOR-PROFIT ORGANIZATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND FILES FEDERAL TAX FORM 990, RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX, ANNUALLY FOR INFORMATIONAL PURPOSES. ACCORDINGLY, NO PROVISION FOR INCOME TAXES IS REQUIRED IN THE ACCOMPANYING CONSOLIDATED FINANCIAL STATEMENTS. THE UNIVERSITY FOLLOWS THE ACCOUNTING GUIDANCE FOR UNCERTAINTIES IN INCOME TAX POSITIONS, WHICH REQUIRES THAT A TAX POSITION 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 CONSOLIDATED FINANCIAL STATEMENTS INCLUDE ANY MATERIAL UNCERTAIN TAX POSITIONS. 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 UNIVERSITY HAS A WRITTEN POLICY ESTABLISHING ITS NON-DISCRIMINATION POLICY. IT IS PUBLISHED IN THE STUDENT HANDBOOK AND ON THE APPLICATION FOR ADMISSIONS. SCHEDULE E, PART I, LINE 6 THE UNIVERSITY RECEIVES FUNDING FROM GOVERNMENTAL AGENCIES FOR STUDENT TUITION ASSISTANCE IN ACCORDANCE WITH PROGRAMS SUCH AS SDS - SCHOLARSHIPS FOR DISADVANTAGED STUDENTS. EAST ASIA AND THE PACIFIC 0 0 PROGRAM SERVICES TEACHING & MARKETING 12940 RUSSIA & NEIGHBORING STATES 0 0 PROGRAM SERVICES MARKETING 7625 NORTH AMERICA 0 0 PROGRAM SERVICES RECRUITING 360 SOUTH ASIA 0 0 PROGRAM SERVICES MARKETING 12174 EUROPE 0 0 PROGRAM SERVICES TEACHING & MARKETING 16795 0 0 0 0 0 0 49894 0 49894 0 0 0 0 0 0 X X X X X X X 1 RUFFALO NOEL LEVITZ PO BOX 718 DES MOINES IA 50303 SOLICITOR 0 31398 25187 6211 31398 25187 6211 PA 1 SCHOLARSHIPS 290 1319145 0 N/A N/A PART I, LINE 2: THE UNIVERSITY PROVIDES SCHOLARSHIPS TO STUDENTS MATRICULATING AT THE UNIVERSITY; THEREFORE, ALL FUNDS GRANTED ARE USED TO DEFRAY THE COST OF TUITION AND NO FURTHER MONITORING OF THE GRANTS ARE REQUIRED. X 1 1 X X X 0 0 0 0 0 0 0 0 0 DR MICHAEL H MITTELMAN PRESIDENT 350923 0 25000 0 16589 0 28817 0 1850 0 423179 0 0 0 DR LINDA CASSER LOCKE FACULTY TRUSTEE 164431 0 0 0 0 0 17160 0 10030 0 191621 0 0 0 DONALD KATES VICE PRESIDENT - FINANCE 202747 0 0 0 0 0 21642 0 15048 0 239437 0 0 0 JOHN GAAL VICE PRESIDENT - CLINIC OPERATIONS 168273 0 0 0 3252 0 17366 0 1347 0 190238 0 0 0 DR JANICE SCHARRE VICE PRESIDENT - ACADEMIC AFFAIRS 253371 0 20000 0 3252 0 26211 0 1190 0 304024 0 0 0 MR BRIAN ZUCKERMAN CHIEF OF STAFF 207717 0 19200 0 0 0 11626 0 10331 0 248874 0 0 0 DR LORRAINE LOMBARDI FACULTY 195598 0 0 0 0 0 18437 0 9864 0 223899 0 0 0 DR MELISSA TREGO DEAN - COLLEGE OF OPTOMETRY 215723 0 0 0 0 0 21103 0 14976 0 251802 0 0 0 DR ALEXANDER DIZHOOR ASSOCIATE DEAN FACULTY AFFAIRS 157882 0 0 0 63087 0 16708 0 9853 0 247530 0 0 0 DR SUSAN OLESZEWSKI VICE PRESIDENT - INSTITUTIONAL ADVAN 198666 0 0 0 0 0 20951 0 9887 0 229504 0 0 0 DR MITCHELL SCHEIMAN DEAN OF RESEARCH 234548 0 0 0 0 0 22043 0 15030 0 271621 0 0 0 PART I, LINE 1A DR. MICHAEL H. MITTELMAN RECEIVED $2,826 FOR COMPANION TRAVEL - INCLUDED IN TAXABLE COMPENSATION. A SALUS UNIVERSITY - SERIES 2016A 231413680 70917PHG7 2016-07-15 14425000 REFUNDING 2012 BONDS AND CAPITAL IMPROVEMENTS 0 1 0 A 14425000 126350 2017 1 0 0 1 A 0 0 1 1 1 1 0.03190 0.03190 0 0 0 A 0 1 0 0 1 0 0 0 1 A 1 9900 ACADEMIC SCHOLARSHIP SCHOLARSHIP DR THOMAS LEWIS FORMER PRESIDENT OF THE UNIVERSITY 143398 COMPENSATION PAID FOR EMPLOYMENT AS A FACULTY MEMBER 0 FORM 990, PART VI, SECTION A, LINE 1 THE PRIMARY RESPONSIBILITY OF THE EXECUTIVE COMMITTEE IS TO STRENGTHEN THE BOARD'S PERFORMANCE BY HELPING IT FUNCTION EFFICIENTLY AND EFFECTIVELY. ITS BROAD POWERS SHALL BE USED ONLY AS NECESSARY AND APPROPRIATE ON ROUTINE BUSINESS OR EMERGENCY MATTERS THAT CANNOT OR SHOULD NOT BE DELAYED UNTIL THE BOARD'S NEXT REGULARLY SCHEDULED MEETING OR UNTIL A SPECIAL MEETING OF THE BOARD SHOULD BE CALLED AS SPECIFIED IN THE BYLAWS. THE COMMITTEE SHALL HAVE ALL POWERS OF THE BOARD OF TRUSTEES ON ALL MATTERS EXCEPT FOR THE FOLLOWING, WHICH SHALL BE RESERVED FOR THE BOARD: PRESIDENTIAL SELECTION AND TERMINATION, PRESIDENT'S COMPENSATION, TRUSTEE AND BOARD OFFICER SELECTION, CHARTER AND BYLAW AMENDMENT, CHANGING THE UNIVERSITY'S MISSION, INCURRING CORPORATE INDEBTEDNESS, APPROVAL OF ANNUAL BUDGET AND CONFERRAL OF DEGREES. THE EXECUTIVE COMMITTEE MEETS IN PERSON OR VIA CONFERENCE FOR MONTHLY UPDATES. FORM 990, PART VI, SECTION B, LINE 11B A COPY OF THE FORM 990 IS MADE AVAILABLE TO THE AUDIT COMMITTEE OF SALUS UNIVERSITY ON A SECURE NETWORK. EACH COMMITTEE MEMBER IS PROVIDED OPPORTUNITY TO COMMENT ON THE INFORMATION CONTAINED IN THE 990 PRIOR TO FILING. THE FULL BOARD IS PROVIDED OPPORTUNITY TO REVIEW THE FILED 990. FORM 990, PART VI, SECTION B, LINE 12C EACH OFFICER, DIRECTOR, TRUSTEE AND KEY EMPLOYEE OF THE UNIVERSITY IS REQUIRED TO ANNUALLY DISCLOSE ANY CONFLICTS OF INTEREST THAT ARISE BY VIRTUE OF THEIR EMPLOYMENT, BOARD SERVICE, OR POSITION WITH THE UNIVERSITY. THE UNIVERSITY MONITORS COMPLIANCE WITH ITS CONFLICT OF INTEREST POLICY THROUGH AN ANNUAL QUESTIONNAIRE/DISCLOSURE STATEMENT THAT IS DISTRIBUTED TO THESE INDIVIDUALS. POTENTIAL CONFLICTS ARE INVESTIGATED IMMEDIATELY BY AN AD HOC COMMITTEE ESTABLISHED FOR JUST SUCH PURPOSE. FORM 990, PART VI, SECTION B, LINE 15A THE PRESIDENT IS THE ORGANIZATION'S TOP MANAGEMENT OFFICIAL. THE PRESIDENT'S COMPENSATION IS DETERMINED BY THE EXECUTIVE COMMITTEE OF THE BOARD. IN DETERMINING COMPENSATION, THE BOARD RELIES UPON COMPARABILITY DATA OF INSTITUTIONS SIMILARLY SITUATED TO SALUS UNIVERSITY. THE DELIBERATIONS TO DETERMINE THE PRESIDENT'S COMPENSATION ARE DOCUMENTED IN THE BOARD COMMITTEE'S MINUTES. THIS REVIEW PROCESS LAST OCCURRED IN 2016. COMPENSATION PAID TO OTHER OFFICERS OR KEY EMPLOYEES OF THE ORGANIZATION IS DETERMINED BY THE PRESIDENT OF THE UNIVERSITY IN CONSULTATION WITH THE DIRECTOR OF HUMAN RESOURCES. WHEN NECESSARY, THEY WILL UTILIZE INDEPENDENT COMPARABILITY DATA TO BENCHMARK A REASONABLE SALARY FOR THESE INDIVIDUALS. THIS REVIEW PROCESS LAST OCCURRED IN 2016. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION DOES NOT MAKE ITS GOVERNING DOCUMENTS, CONFLICT INTEREST POLICY OR FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC. FORM 990, PART XI, LINE 9: INTERCOMPANY ALLOCATION VARIANCE IN ENDOWMENT SPENDING -161,982. POST RETIREMENT BENEFIT OBLIGATION ACTUARIAL VALUATION 1,234,802. PENNSYLVANIA EAR INSTITUTE 8380 OLD YORK ROAD ELKINS PARK PA 19027 202888384 HEALTHCARE PA 371657 0 SALUS UNIVERSITY PENNSYLVANIA COLLEGE OF OPTOMETRY FOUNDATION 8360 OLD YORK ROAD ELKINS PARK PA 19027 233030893 FUNDRAISING PA 501(C)(3) LINE 12B, II SALUS UNIVERSITY 0 0 0 1 0 0 0 0 0 0 1 0 1 1 1 1 1 1 0 1 PENNSYLVANIA COLLEGE OF OPTOMETRY FOUNDATION L 255000 VALUE OF SERVICES PENNSYLVANIA COLLEGE OF OPTOMETRY FOUNDATION C 668280 VALUE OF SERVICES