2019-05-13T16:08:42-05:00 2018-06-30 410746749 CLIFTONLARSONALLEN LLP 610 W GERMANTOWN PIKE STE 400 PLYMOUTH MEETING PA 19462 990 2017-07-01 231365966 ROSEMONT COLLEGE ROSE 6105270200 1400 MONTGOMERY AVE ROSEMONT PA 190101699 RANDY ELDRIDGE VP, FINANCE & ADMINISTRATION 6105270200 2019-05-10 1 KAREN GRIES P00078514 2156433900 67.137.57.251 2019-05-10 14:32:44 CD P FCD06153B7C3F4186BBEFC76B30654521E54D624 48943B999F87A455DDDAC2F617771C67E5F72438 2017 2019-02-21 02:37:17Z SHARON LATCHAW HIRSH 1400 MONTGOMERY AVE ROSEMONT PA 190101699 38305258 0 0928 X WWW.ROSEMONT.EDU X 1921 PA ROSEMONT COLLEGE IS A COMMUNITY OF LEARNERS DEDICATED TO EXCELLENCE & JOY IN PURSUIT OF KNOWLEDGE. 23 23 632 31 0 3551 4064401 2858307 20560092 19992496 814677 1851450 303910 280967 25743080 24983220 5260536 5076860 0 0 10009973 10377030 63874 66199 928111 8227660 8389655 23562043 23909744 2181037 1073476 44005716 44426448 10420122 10315382 33585594 34111066 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 15487327 5076860 19992496 ROSEMONT COLLEGE WAS FOUNDED IN 1921 AND IS LOCATED IN SUBURBAN PHILADELPHIA. TOTAL STUDENT ENROLLMENT IS 1,000 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 $4,200,000. 15487327 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 41 0 632 1 1 1 0 0 0 0 0 0 0 0 0 X 23 23 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 FREDERICK PETERS 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 CHARLES J CURRIE SJ 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 SEAN H FITZPATRICK TRUSTEE 1.00 X 0 0 0 WILLIAM J GREEN ESQ TRUSTEE 1.00 X 0 0 0 LINDA HOHN TRUSTEE 1.00 X 0 0 0 CARROLL JULIANO 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 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 287957 0 29173 RANDY L ELDRIDGE DBA CPA VP FINANCE & ADMINISTRATION 40.00 X 120048 0 19099 CHRISTYN MORAN VP COLLEGE RELATIONS 40.00 X 105257 0 18211 513262 0 66483 3 0 1 0 PARKHURST DINING SERVICES 285 E WATERFRONT DRIVE HOMESTEAD PA 15120 FOOD SERVICE 1562751 ARAMARK MANAGEMENT SERVICE LP 1101 MARKET STREET PHILADELPHIA PA 19107 FACILITIES MANAGEMENT 669361 KIMMEL-BOGRETTE ARCHITECTURE SITE 482 NORRISTOWN ROAD STE 200 BLUE BELL PA 19422 ARCHITECTURAL SERVICES 590059 JENZABAR-HARRISONBURG PO BOX 55018 BOSTON MA 02205 DATABASE 274444 MODERN CONTROLS 7 BELLECOR DRIVE NEW CASTLE DE 19720 HVAC SERVICES 243584 12 274324 2583983 191148 2858307 TUITION 611310 15727917 15727917 ROOM AND BOARD 611310 4264579 4264579 19992496 555987 555987 280049 150246 129803 129803 129803 14467255 13171792 1295463 1295463 1295463 FERRIS PROGRAM 900099 62440 62440 ALUMNI EVENTS 900099 19680 19680 COMMISSIONS 900099 14162 14162 54882 54882 151164 24983220 19992496 0 2132417 5076860 5076860 513262 338699 152695 21868 7577610 5000433 2254330 322847 345719 228139 102851 14729 1340016 884271 398653 57092 600423 396217 178625 25581 43922 43922 95585 95585 66199 66199 152886 152886 1263126 216674 1040726 5726 499938 499938 276155 138259 129853 8043 1049502 36551 1012951 765812 178328 587484 63168 49713 6690 6765 345618 41662 92423 211533 280888 280213 675 1055350 1055350 217782 217782 FOOD SERVICE 1230717 1230717 OTHER PROGRAM COSTS 611168 335241 88199 187728 REPAIRS, MAINTENANCE & 438038 438038 23909744 15487327 7494306 928111 1819976 2288333 750062 2797252 2118934 1609364 1534725 370416 0 661761 547880 43524440 26660854 16903149 16863586 18291273 18899575 322536 1084168 1569174 44005716 44426448 1697879 1390739 557084 2058173 6210535 5929104 1639374 653313 315250 284053 10420122 10315382 X 3148181 2260807 13207274 14341023 17230139 17509236 33585594 34111066 44005716 44426448 X 1073476 -499766 63377 -111615 X 0 1 X 1 1 1 X 18789132 322366 1182880 896152 715146 18683080 16293747 918730 1840817 842385 -578223 18789132 15392620 3081975 -980296 1200552 16293747 16065454 121355 -97223 696966 15392620 15004696 105151 1680316 724709 16065454 0.07150 0.92850 0.00000 0 0 352332 352332 35167470 19095620 16071850 7177141 6729585 447556 827497 835649 -8152 16863586 REFUNDABLE ADVANCES 189906 LEASE PAYABLE 94147 284053 X 20246326 -499766 63377 -4297865 -4734254 24980580 152886 -150246 2640 24983220 19720854 150246 150246 19570608 152886 4186250 4339136 23909744 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 -4,186,250. CIV OF SPLIT INTEREST AGREEMENT -41,034. CIV OF CHARITABLE GIFT ANNUITY -70,581. PART XI, LINE 4B - OTHER ADJUSTMENTS: DIRECT RENTAL EXPENSES -150,246. PART XII, LINE 2D - OTHER ADJUSTMENTS: DIRECT RENTAL EXPENSES 150,246. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL ASSISTANCE 4,186,250. 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 219280 66199 153081 219280 66199 153081 PA 1 FINANCIAL ASSISTANCE & SCHOLARSHIPS 888 5076860 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 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 0 0 X X X 0 0 0 0 0 0 0 0 0 SHARON LATCHAW HIRSH PHD PRESIDENT 257195 0 0 0 30762 0 17277 0 11896 0 317130 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 $30,000 FOR THE CALENDAR YEAR ENDED DECEMBER 31, 2017 AND $36,000 FOR THE FISCAL YEAR ENDED JUNE 30, 2018. PART I, LINE 3 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. A EAST NORRITON TOWNSHIP INDUSTRIAL DEVELOPMENT AUTHORITY 2012-09-04 7400000 TO REFUND 2004 BONDS AND FUND ISSUANCE COSTS 0 0 0 A 1311095 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 140389 STOCK MARKET QUOTES X 1 50759 STOCK MARKET QUOTES 0 0 1 1 PART I, COLUMN (B): COLUMN (B) REPORTS THE NUMBER OF CONTRIBUTORS. PART I, LINE 32B: STOCK DONATIONS ARE TRANSFERRED TO A STOCK DONATION ACCOUNT IN THE NAME OF THE COLLEGE. THE STOCKS ARE THEN SOLD AND THE PROCEEDS ARE TRANSFERRED TO THE COLLEGE'S CASH ACCOUNT. 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 WHEN SETTING COMPENSATION OF THE CEO AND OTHER OFFICERS, THE ORGANIZATION UTILIZES A REVIEW AND APPROVAL BY A COMPENSATION COMMITTEE AND BENCHMARKING AGAINST SIMILAR ORGANIZATIONS. COMPARATIVE DATA IS USED TO VALIDATE SALARY LEVELS TO ENSURE COMPENSATION DOES NOT EXCEED FAIR VALUE. 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 -41,034. CHANGE IN VALUATION OF CHARITABLE GIFT ANNUITY -70,581.