KINGS COLLEGE: Form 990, tax year 2016
View the entire original 990 at ProPublica ↗
- Organization
- KINGS COLLEGE (EIN 24-0804602)
- Tax period
- 2016-07-01 to 2017-06-30
- Filed
- 2018-05-08
- IRS object ID
- 201811289349300616
- Schema version
- 2016v3.0
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990
- Schedule A
- Schedule B
- Schedule D
- Schedule E
- Schedule G
- Schedule I
- Schedule J
- Schedule K
- Schedule L
- Schedule O
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2018-05-08T07:52:43-05:00 | ReturnTs |
| Tax Period End | 2017-06-30 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 390859910 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | BAKER TILLY VIRCHOW KRAUSE LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1650 MARKET STREET SUITE 4500 | AddressLine1Txt |
| City | PHILADELPHIA | CityNm |
| State Abbreviation | PA | StateAbbreviationCd |
| ZIP | 19103 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2016-07-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 240804602 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | King's College | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | KING | BusinessNameControlTxt |
| Phone | 5702085900 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 133 North River Street | AddressLine1Txt |
| City | WilkesBarre | CityNm |
| State Abbreviation | PA | StateAbbreviationCd |
| ZIP | 18711 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | JOHN R LOYACK | PersonNm |
| Person Title | EXECUTIVE VICE PRESIDENT/CFO | PersonTitleTxt |
| Phone | 5707062394 | PhoneNum |
| Signature | 2018-05-01 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | Julius C Green CPA | PreparerPersonNm |
| PTIN | P00350393 | PTIN |
| Phone | 2159720701 | PhoneNum |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2016 | TaxYr |
| Build TS | 2022-09-23 18:48:47Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | JOHN J RYAN CSC | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 133 North River Street | AddressLine1Txt |
| City | WilkesBarre | CityNm |
| State Abbreviation | PA | StateAbbreviationCd |
| ZIP | 18711 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $99,265,453 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | www.kings.edu | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1946 | FormationYr |
| Legal Domicile State | PA | LegalDomicileStateCd |
| Activity Or Mission | PROVIDES STUDENTS WITH A LIBERAL ARTS EDUCATION ENABLING THEM TO LEAD MEANINGFUL & SATISFYING LIVES. | ActivityOrMissionDesc |
| Voting Members Governing Body | 39 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 37 | VotingMembersIndependentCnt |
| Total Employee | 1319 | TotalEmployeeCnt |
| Total Volunteers | 175 | TotalVolunteersCnt |
| Total Gross UBI | $115,232 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $7,793,764 | PYContributionsGrantsAmt |
| CY Contributions Grants | $8,193,543 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $77,909,537 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $82,428,550 | CYProgramServiceRevenueAmt |
| PY Investment Income | $5,456,785 | PYInvestmentIncomeAmt |
| CY Investment Income | $4,080,462 | CYInvestmentIncomeAmt |
| PY Other Revenue | -$15,039 | PYOtherRevenueAmt |
| CY Other Revenue | $141 | CYOtherRevenueAmt |
| PY Total Revenue | $91,145,047 | PYTotalRevenueAmt |
| CY Total Revenue | $94,702,696 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $25,526,910 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $27,364,468 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $37,281,725 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $36,766,617 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $50,302 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $1,637,920 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $20,103,939 | PYOtherExpensesAmt |
| CY Other Expenses | $22,635,536 | CYOtherExpensesAmt |
| PY Total Expenses | $82,912,574 | PYTotalExpensesAmt |
| CY Total Expenses | $86,816,923 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $8,232,473 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $7,885,773 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $198,613,333 | TotalAssetsBOYAmt |
| Total Assets EOY | $207,418,085 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $85,504,244 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $79,600,592 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $113,109,089 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $127,817,493 | NetAssetsOrFundBalancesEOYAmt |
| Mission | KING'S COLLEGE, A CATHOLIC COLLEGE IN THE HOLY CROSS TRADITION, PROVIDES STUDENTS WITH A BROAD-BASED LIBERAL ARTS EDUCATION WHICH OFFERS THE INTELLECTUAL, MORAL, AND SPIRITUAL PREPARATION THAT ENABLES THEM TO LEAD MEANINGFUL AND SATISFYING LIVES. | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Expense | $75,607,435 | ExpenseAmt |
| Grant | $27,364,468 | GrantAmt |
| Revenue | $82,430,075 | RevenueAmt |
| Desc | KING'S COLLEGE IS A NOT-FOR-PROFIT EDUCATIONAL INSTITUTION WHICH PROVIDES UNDERGRADUATE, GRADUATE, AND PROFESSIONAL EDUCATION TO ITS STUDENTS. THE COLLEGE WAS FOUNDED IN 1946 AND WELCOMES STUDENTS INTO ITS COMMUNITY WITHOUT REGARD TO GENDER, RACE, RELIGION, DISABILITY, OR NATIONAL ORIGIN AND SEEKS TO ASSIST TALENTED STUDENTS OF MODEST FINANCIAL MEANS.THE COLLEGE HAS approximately 2,400 STUDENTS, OF WHICH 1,907 ARE FULL-TIME UNDERGRADUATES. APPROXIMATELY 90% OF THE COLLEGE'S PRESENT FULL-TIME UNDERGRADUATE STUDENT BODY IS COMPRISED OF RESIDENTS FROM PENNSYLVANIA, NEW YORK, AND NEW JERSEY.DURING THE YEAR ENDED JUNE 30, 2017, THE COLLEGE PROVIDED STUDENT FINANCIAL AID FROM INTERNAL RESOURCES OF APPROXIMATELY $26,688,650. | Desc |
| Total Program Service Expenses | $75,607,435 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (1) | DescribedInSection501c3Ind |
| Schedule B Required | Yes (1) | ScheduleBRequiredInd |
| Political Campaign Acty | 0 | PoliticalCampaignActyInd |
| Lobbying Activities | 0 | LobbyingActivitiesInd |
| Subject To Proxy Tax | 0 | SubjectToProxyTaxInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Conservation Easements | 0 | ConservationEasementsInd |
| Collections Of Art | 0 | CollectionsOfArtInd |
| Credit Counseling | 0 | CreditCounselingInd |
| Temp Or Permanent Endowments | Yes (1) | TempOrPermanentEndowmentsInd |
| Report Land Building Equipment | Yes (1) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | Yes (1) | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | 0 | ReportProgramRelatedInvstInd |
| Report Other Assets | 0 | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (1) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (1) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | Yes (1) | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | 0 | ConsolidatedAuditFinclStmtInd |
| School Operating | Yes (1) | SchoolOperatingInd |
| Foreign Office | 0 | ForeignOfficeInd |
| Foreign Activities | 0 | ForeignActivitiesInd |
| More Than5000 K To Org | 0 | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividualsInd |
| Professional Fundraising | Yes (1) | ProfessionalFundraisingInd |
| Fundraising Activities | Yes (1) | FundraisingActivitiesInd |
| Gaming Activities | 0 | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | 0 | GrantsToOrganizationsInd |
| Grants To Individuals | Yes (1) | GrantsToIndividualsInd |
| Schedule J Required | Yes (1) | ScheduleJRequiredInd |
| Tax Exempt Bonds | Yes (1) | TaxExemptBondsInd |
| Invest Tax Exempt Bonds | 0 | InvestTaxExemptBondsInd |
| Escrow Account | 0 | EscrowAccountInd |
| On Behalf Of Issuer | 0 | OnBehalfOfIssuerInd |
| Engaged In Excess Benefit Trans | 0 | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | 0 | PYExcessBenefitTransInd |
| Loan Outstanding | Yes (1) | LoanOutstandingInd |
| Grant To Related Person | 0 | GrantToRelatedPersonInd |
| Business Rln With Org Mem | 0 | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | 0 | BusinessRlnWithFamMemInd |
| Business Rln With Officer Ent | Yes (1) | BusinessRlnWithOfficerEntInd |
| Deductible Non Cash Contri | 0 | DeductibleNonCashContriInd |
| Deductible Art Contribution | 0 | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | 0 | DisregardedEntityInd |
| Related Entity | 0 | RelatedEntityInd |
| Related Organization Ctrl Ent | 0 | RelatedOrganizationCtrlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | 0 | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 3316 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (1) | BackupWthldComplianceInd |
| Employee | 1319 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (1) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | Yes (1) | UnrelatedBusIncmOverLimitInd |
| Form990 T Filed | Yes (1) | Form990TFiledInd |
| Foreign Financial Account | 0 | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | 0 | TaxablePartyNotificationInd |
| Nondeductible Contributions | 0 | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | Yes (1) | QuidProQuoContributionsInd |
| Quid Pro Quo Contri Discl | Yes (1) | QuidProQuoContriDisclInd |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOfInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Indoor Tanning Services | 0 | IndoorTanningServicesInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 39 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 37 | IndependentVotingMemberCnt |
| Family Or Business Rln | Yes (1) | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | Yes (1) | DelegationOfMgmtDutiesInd |
| Change To Org Documents | 0 | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | Yes (1) | MembersOrStockholdersInd |
| Election Of Board Members | Yes (1) | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | 0 | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (1) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (1) | MinutesOfCommitteesInd |
| Officer Mailing Address | 0 | OfficerMailingAddressInd |
| Local Chapters | 0 | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (1) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (1) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (1) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (1) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (1) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (1) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (1) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (1) | CompensationProcessOtherInd |
| Investment In Joint Venture | 0 | InvestmentInJointVentureInd |
| States Where Copy Of Return Is Fld | PA | StatesWhereCopyOfReturnIsFldCd |
| Other Website | Yes (X) | OtherWebsiteInd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Thomas Graber CPA | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 5702085837 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 133 NORTH RIVER STREET | AddressLine1Txt |
| City | WILKESBARRE | CityNm |
| State Abbreviation | PA | StateAbbreviationCd |
| ZIP | 187110801 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (49 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | Key EmployeeKeyEmployeeInd | Highest Compensated EmployeeHighestCompensatedEmployeeInd |
|---|---|---|---|---|---|---|---|---|
| MR Thomas R Smith | ||||||||
| Chair | 3.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | ||
| MS Kathleen McCarthy Lambert | ||||||||
| Vice Chair | 3.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | ||
| MS Karen Keefer | ||||||||
| SECRETARY | 3.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | ||
| Mr Richard A Alley MD | ||||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| Mr Thomas P Curran MD | ||||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| Rev John F Denning CSC | ||||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| Mr Brendan P Dougher | ||||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| Mr Eberhard Faber | ||||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| Mrs Jane B Feinstein | ||||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| MS ELLEN GALLAGHER | ||||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| Rev Daniel Groody CSC | ||||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| Mr Scott Henry | ||||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| Mr Jonathan Hosey MD | ||||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| Mr Joseph E Kluger Esq | ||||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| MR PETER KOZLOSKI | ||||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| Ms Gertrude C McGowan Esq | ||||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| Mr Michael D Molewski | ||||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| Mr Timothy J Morris | ||||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| Mr John G Nackley | ||||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| Mr John D O'Brien | ||||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| Mr James T O'Hara Esq | ||||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| Rev Thomas J O'Hara CSC | ||||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| Rev Gerard J Oligner CSC | ||||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| Mr Richard J Pinola | ||||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| Rev Mark L Poorman CSC | ||||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| Rev James L Rebeta CSC | ||||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| Mrs Virginia S Rose | ||||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| Mr David A Schankweiler | ||||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| Mr James V Schneider | ||||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| Mr David J Selingo Esq | ||||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| Ms Catherine J Serafin Esq | ||||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| Ms Patricia E Sinex | ||||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| Rev Kevin P Spicer CSC | ||||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| Bro Donald Stabrowski CSC | ||||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| Mr Walter Tischer | ||||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| Mr Glenn Tyranski | ||||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| Ms Susan E Unvarsky | ||||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| Rev Oliver F Williams CSC | ||||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| Rev John L Young CSC MD | ||||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| REV JOHN J RYAN CSC | ||||||||
| PRESIDENT | 40.00 | Yes (X) | $0 | $0 | $10,090 | |||
| MR john R loyack | ||||||||
| EXEC. VICE PRESIDENT/CFO | 40.00 | Yes (X) | $186,241 | $0 | $49,620 | |||
| MR FREDERICK A PETTIT ESQ | ||||||||
| VP INSTUTIONAL ADVANCEMENT | 40.00 | $164,133 | $0 | $37,020 | Yes (X) | |||
| MR Joseph M Evan | ||||||||
| PROVOST/VP Academic affairs | 40.00 | $169,240 | $0 | $53,734 | Yes (X) | |||
| MR CORRY D UNIS | ||||||||
| vp eNROLLMENT MANAGEMENT | 40.00 | $163,788 | $0 | $48,043 | Yes (X) | |||
| MR FEVZI AKINCI | ||||||||
| AssOCIATE DEAN, BUSINESS SCHOOL | 40.00 | $133,243 | $0 | $35,687 | Yes (X) | |||
| ms jANET E MERCINCAVAGE | ||||||||
| vp of sTUDENT AFFAIRS | 40.00 | $130,540 | $0 | $44,550 | Yes (X) | |||
| MR PAUL J MORAN | ||||||||
| CHIEF INFORMATION OFFICER | 40.00 | $132,559 | $0 | $30,618 | Yes (X) | |||
| MR barry H williams ESQ | ||||||||
| DEAN, BUSINESS SCHOOL | 40.00 | $130,870 | $0 | $49,231 | Yes (X) | |||
| MS teresa M peck | ||||||||
| Associate VP STUDENT SUCCESS | 40.00 | $124,470 | $0 | $36,336 | Yes (X) | |||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $1,335,084 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $394,929 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 22 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | 0 | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (1) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (5 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| latona trucking | |||||
| 620 s main st | pittston | PA | 18640 | coNSTRUCTION SERVICE | $1,716,140 |
| DELUXE ATHLETICS LLC | |||||
| 80 SCOTT DRIVE | MARIETTA | GA | 30067 | CONSTRUCTION SERVICE | $468,529 |
| spark451 Marketing Communications | |||||
| 865 Merrick Ave 451 | Westbury | NY | 11590 | MARKETING & ENROLLMENT Management | $361,399 |
| panzitta enterprises | |||||
| 72 george ave | wilkes BARRE | PA | 18705 | CONSTRUCTION SERVICE | $343,463 |
| WKL ARCHITECTURE | |||||
| 82 S MAIN ST | WILKES BARRE | PA | 18701 | ARCHITECTURE SERVICES | $317,845 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 11 | CntrctRcvdGreaterThan100KCnt |
| Fundraising | $282,631 | FundraisingAmt |
| Government Grants | $1,223,661 | GovernmentGrantsAmt |
| All Other Contributions | $6,687,251 | AllOtherContributionsAmt |
| Total Contributions | $8,193,543 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp (5 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt | Unrelated Business RevenueUnrelatedBusinessRevenueAmt |
|---|---|---|---|---|
| STUDENT TUITION & FEES | 611600 | $70,081,175 | $70,081,175 | |
| AUXILIARY (ROOM/BOARD) | 721310 | $12,191,178 | $12,116,747 | $74,431 |
| INTernal print revenue | 611600 | $144,293 | $144,293 | |
| Sports Team Income | 711210 | $8,218 | $8,218 | |
| Theatre Admission | 711110 | $3,686 | $3,686 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $82,428,550 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $693,658 | TotalRevenueColumnAmt |
| Unrelated Business Revenue | $45,405 | UnrelatedBusinessRevenueAmt |
| Exclusion | $648,253 | ExclusionAmt |
Gross Rents GrossRentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $128,822 | RealAmt |
Less Rental Expenses LessRentalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $100,841 | RealAmt |
Rental Income Or Loss RentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $27,981 | RealAmt |
Net Rental Income Or Loss NetRentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $27,981 | TotalRevenueColumnAmt |
| Unrelated Business Revenue | -$4,604 | UnrelatedBusinessRevenueAmt |
| Exclusion | $32,585 | ExclusionAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $7,776,695 | SecuritiesAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $4,389,891 | SecuritiesAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $3,386,804 | SecuritiesAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $3,386,804 | TotalRevenueColumnAmt |
| Exclusion | $3,386,804 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Fundraising Gross Income | $42,660 | FundraisingGrossIncomeAmt |
| Contri Rpt Fundraising Event | $282,631 | ContriRptFundraisingEventAmt |
| Fundraising Direct Expenses | $72,025 | FundraisingDirectExpensesAmt |
Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -$29,365 | TotalRevenueColumnAmt |
| Exclusion | -$29,365 | ExclusionAmt |
Other Revenue Misc OtherRevenueMiscGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | FINES (LIBRARY & PRKG) | Desc |
| Business | 812930 | BusinessCd |
| Total Revenue Column | $1,525 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $1,525 | RelatedOrExemptFuncIncomeAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $1,525 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $94,702,696 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $82,355,644 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $115,232 | UnrelatedBusinessRevenueAmt |
| Exclusion | $4,038,277 | ExclusionAmt |
Grants To Domestic Individuals GrantsToDomesticIndividualsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $27,364,468 | TotalAmt |
| Program Services | $27,364,468 | ProgramServicesAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,261,154 | TotalAmt |
| Management And General | $955,269 | ManagementAndGeneralAmt |
| Fundraising | $305,885 | FundraisingAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $25,065,534 | TotalAmt |
| Program Services | $21,605,988 | ProgramServicesAmt |
| Management And General | $2,949,096 | ManagementAndGeneralAmt |
| Fundraising | $510,450 | FundraisingAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,642,053 | TotalAmt |
| Program Services | $1,438,304 | ProgramServicesAmt |
| Management And General | $167,687 | ManagementAndGeneralAmt |
| Fundraising | $36,062 | FundraisingAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $6,995,620 | TotalAmt |
| Program Services | $5,130,267 | ProgramServicesAmt |
| Management And General | $1,673,451 | ManagementAndGeneralAmt |
| Fundraising | $191,902 | FundraisingAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,802,256 | TotalAmt |
| Program Services | $1,543,199 | ProgramServicesAmt |
| Management And General | $215,718 | ManagementAndGeneralAmt |
| Fundraising | $43,339 | FundraisingAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $100,126 | TotalAmt |
| Management And General | $100,126 | ManagementAndGeneralAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $71,625 | TotalAmt |
| Management And General | $71,625 | ManagementAndGeneralAmt |
Fees For Services Prof Fundraising FeesForServicesProfFundraising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $50,302 | TotalAmt |
| Fundraising | $50,302 | FundraisingAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,859,731 | TotalAmt |
| Program Services | $903,248 | ProgramServicesAmt |
| Management And General | $937,174 | ManagementAndGeneralAmt |
| Fundraising | $19,309 | FundraisingAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $846,340 | TotalAmt |
| Program Services | $828,348 | ProgramServicesAmt |
| Management And General | $9,692 | ManagementAndGeneralAmt |
| Fundraising | $8,300 | FundraisingAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,853,212 | TotalAmt |
| Program Services | $2,074,564 | ProgramServicesAmt |
| Management And General | $697,719 | ManagementAndGeneralAmt |
| Fundraising | $80,929 | FundraisingAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,047,463 | TotalAmt |
| Program Services | $743,700 | ProgramServicesAmt |
| Management And General | $274,234 | ManagementAndGeneralAmt |
| Fundraising | $29,529 | FundraisingAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,195,030 | TotalAmt |
| Program Services | $2,788,079 | ProgramServicesAmt |
| Management And General | $374,457 | ManagementAndGeneralAmt |
| Fundraising | $32,494 | FundraisingAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $811,334 | TotalAmt |
| Program Services | $705,923 | ProgramServicesAmt |
| Management And General | $78,623 | ManagementAndGeneralAmt |
| Fundraising | $26,788 | FundraisingAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $279,853 | TotalAmt |
| Program Services | $62,814 | ProgramServicesAmt |
| Management And General | $45,384 | ManagementAndGeneralAmt |
| Fundraising | $171,655 | FundraisingAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,174,825 | TotalAmt |
| Program Services | $2,074,465 | ProgramServicesAmt |
| Management And General | $100,360 | ManagementAndGeneralAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,962,822 | TotalAmt |
| Program Services | $3,833,634 | ProgramServicesAmt |
| Management And General | $118,731 | ManagementAndGeneralAmt |
| Fundraising | $10,457 | FundraisingAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $475,737 | TotalAmt |
| Program Services | $110,429 | ProgramServicesAmt |
| Management And General | $365,308 | ManagementAndGeneralAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt | Management And GeneralManagementAndGeneralAmt | FundraisingFundraisingAmt |
|---|---|---|---|---|
| FOOD | $3,702,955 | $3,551,525 | $49,545 | $101,885 |
| ATHLETIC TEAM EXPENSES | $523,804 | $523,804 | ||
| bad debt expense | $260,665 | $260,665 | ||
| dueS AND SUBSCRIPTIONS | $231,979 | $128,876 | $95,227 | $7,876 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $238,035 | TotalAmt |
| Program Services | $195,800 | ProgramServicesAmt |
| Management And General | $31,477 | ManagementAndGeneralAmt |
| Fundraising | $10,758 | FundraisingAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $86,816,923 | TotalAmt |
| Program Services | $75,607,435 | ProgramServicesAmt |
| Management And General | $9,571,568 | ManagementAndGeneralAmt |
| Fundraising | $1,637,920 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $14,043 | BOYAmt |
| EOY | $693,420 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,646,673 | BOYAmt |
| EOY | $8,101,774 | EOYAmt |
Pledges And Grants Receivable PledgesAndGrantsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,591,064 | BOYAmt |
| EOY | $4,021,410 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $5,408,077 | BOYAmt |
| EOY | $2,679,708 | EOYAmt |
Receivables From Officers Etc ReceivablesFromOfficersEtcGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $50,000 | EOYAmt |
Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,195,083 | BOYAmt |
| EOY | $2,301,107 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $325,964 | BOYAmt |
| EOY | $42,512 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $184,564,152 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $70,402,083 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $110,952,962 | BOYAmt |
| EOY | $114,162,069 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $473,564 | BOYAmt |
| EOY | $817,481 | EOYAmt |
Investments Other Securities InvestmentsOtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $60,111,982 | BOYAmt |
| EOY | $67,729,376 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $12,893,921 | BOYAmt |
| EOY | $6,819,228 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $198,613,333 | BOYAmt |
| EOY | $207,418,085 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $6,233,552 | BOYAmt |
| EOY | $5,576,745 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,181,548 | BOYAmt |
| EOY | $4,822,363 | EOYAmt |
Tax Exempt Bond Liabilities TaxExemptBondLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $65,615,000 | BOYAmt |
| EOY | $63,660,000 | EOYAmt |
Unsecured Notes Loans Payable UnsecuredNotesLoansPayableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,841,968 | BOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $8,632,176 | BOYAmt |
| EOY | $5,541,484 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $85,504,244 | BOYAmt |
| EOY | $79,600,592 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows SFAS117 | Yes (X) | OrganizationFollowsSFAS117Ind |
Unrestricted Net Assets UnrestrictedNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $59,542,241 | BOYAmt |
| EOY | $66,348,895 | EOYAmt |
Temporarily Rstr Net Assets TemporarilyRstrNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $19,985,352 | BOYAmt |
| EOY | $22,674,581 | EOYAmt |
Permanently Rstr Net Assets PermanentlyRstrNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $33,581,496 | BOYAmt |
| EOY | $38,794,017 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $113,109,089 | BOYAmt |
| EOY | $127,817,493 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $198,613,333 | BOYAmt |
| EOY | $207,418,085 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | $7,885,773 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | $3,439,302 | NetUnrlzdGainsLossesInvstAmt |
| Other Changes In Net Assets | $3,383,329 | OtherChangesInNetAssetsAmt |
| Info In Schedule O Part XII | Yes (X) | InfoInScheduleOPartXIIInd |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | 0 | AccountantCompileOrReviewInd |
| FS Audited | Yes (1) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Separate Basis Fincl Stmt | Yes (X) | SeparateBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (1) | AuditCommitteeInd |
| Federal Grant Audit Required | Yes (1) | FederalGrantAuditRequiredInd |
| Federal Grant Audit Performed | Yes (1) | FederalGrantAuditPerformedInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| School | Yes (X) | SchoolInd |
Schedule B IRS990ScheduleB
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | RESTRICTED | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | RESTRICTED | TotalContributionsAmt |
Schedule D IRS990ScheduleD
CY Endwmt Fund CYEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $68,256,248 | BeginningYearBalanceAmt |
| Contributions | $5,174,310 | ContributionsAmt |
| Investment Earnings Or Losses | $7,660,798 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $2,191,677 | GrantsOrScholarshipsAmt |
| Other Expenditures | $1,093,110 | OtherExpendituresAmt |
| End Year Balance | $77,806,569 | EndYearBalanceAmt |
CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $70,165,262 | BeginningYearBalanceAmt |
| Contributions | $633,955 | ContributionsAmt |
| Investment Earnings Or Losses | $402,360 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $1,992,160 | GrantsOrScholarshipsAmt |
| Other Expenditures | $953,169 | OtherExpendituresAmt |
| End Year Balance | $68,256,248 | EndYearBalanceAmt |
CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $68,607,492 | BeginningYearBalanceAmt |
| Contributions | $785,391 | ContributionsAmt |
| Investment Earnings Or Losses | $3,657,608 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $1,915,558 | GrantsOrScholarshipsAmt |
| Other Expenditures | $969,671 | OtherExpendituresAmt |
| End Year Balance | $70,165,262 | EndYearBalanceAmt |
CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $61,398,164 | BeginningYearBalanceAmt |
| Contributions | $370,798 | ContributionsAmt |
| Investment Earnings Or Losses | $9,627,708 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $1,871,549 | GrantsOrScholarshipsAmt |
| Other Expenditures | $917,629 | OtherExpendituresAmt |
| End Year Balance | $68,607,492 | EndYearBalanceAmt |
CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $49,703,899 | BeginningYearBalanceAmt |
| Contributions | $1,302,555 | ContributionsAmt |
| Investment Earnings Or Losses | $4,546,155 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $883,472 | GrantsOrScholarshipsAmt |
| Other Expenditures | -$6,729,027 | OtherExpendituresAmt |
| End Year Balance | $61,398,164 | EndYearBalanceAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated Balance EOY | 0.26000 | BoardDesignatedBalanceEOYPct |
| Prmnnt Endowment Balance EOY | 0.50000 | PrmnntEndowmentBalanceEOYPct |
| Term Endowment Balance EOY | 0.24000 | TermEndowmentBalanceEOYPct |
| Endowments Held Unrelated Org | Yes (1) | EndowmentsHeldUnrelatedOrgInd |
| Endowments Held Related Org | 0 | EndowmentsHeldRelatedOrgInd |
Land LandGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $18,599,501 | OtherCostOrOtherBasisAmt |
| Book Value | $18,599,501 | BookValueAmt |
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $122,369,718 | OtherCostOrOtherBasisAmt |
| Depreciation | $50,917,892 | DepreciationAmt |
| Book Value | $71,451,826 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $34,110,728 | OtherCostOrOtherBasisAmt |
| Depreciation | $18,839,565 | DepreciationAmt |
| Book Value | $15,271,163 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $9,484,205 | OtherCostOrOtherBasisAmt |
| Depreciation | $644,626 | DepreciationAmt |
| Book Value | $8,839,579 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $114,162,069 | TotalBookValueLandBuildingsAmt |
Closely Held Equity Interests CloselyHeldEquityInterestsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Book Value | $2,906,738 | BookValueAmt |
| Method Valuation | F | MethodValuationCd |
Other Securities OtherSecuritiesGrp (2 entries)
| DescDesc | Book ValueBookValueAmt | Method ValuationMethodValuationCd |
|---|---|---|
| Bay Resource Partners | $6,806 | F |
| BENEFICIAL INTERESTS IN ASSETS HELD BY OTHERS | $64,815,832 | F |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Securities | $67,729,376 | TotalBookValueSecuritiesAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp (4 entries)
| DescDesc | AmtAmt |
|---|---|
| AGENCY FUNDS PAYABLE | $554,243 |
| REFUNDABLE ADVANCES - GRANTS | $1,868,835 |
| FAIR VALUE - INTEREST RATE SWAP | $3,417,742 |
| DEFERRED FINANCING COSTS | -$299,336 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $5,541,484 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
| Total Rev Etc Audited Fincl Stmt | $75,009,543 | TotalRevEtcAuditedFinclStmtAmt |
| Net Unrealized Gains Invst | $3,439,302 | NetUnrealizedGainsInvstAmt |
| Other Revenue | -$23,305,321 | OtherRevenueAmt |
| Revenue Not Reported | -$19,866,019 | RevenueNotReportedAmt |
| Revenue Subtotal | $94,875,562 | RevenueSubtotalAmt |
| Other Revenues Not Included | -$172,866 | OtherRevenuesNotIncludedAmt |
| Revenue Not Reported Fincl Stmt | -$172,866 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $94,702,696 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $60,301,139 | TotExpnsEtcAuditedFinclStmtAmt |
| Other Expenses Included | $172,866 | OtherExpensesIncludedAmt |
| Expenses Not Reported | $172,866 | ExpensesNotReportedAmt |
| Expenses Subtotal | $60,128,273 | ExpensesSubtotalAmt |
| Other Expenses Not Included | $26,688,650 | OtherExpensesNotIncludedAmt |
| Expenses Not Rpt Fincl Stmt | $26,688,650 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $86,816,923 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail (6 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Part V, Line 4: | THE COLLEGE'S ENDOWMENT IS USED TO PROVIDE SCHOLARSHIPS TO STUDENTS AND PROVIDE FUNDS TO OFFSET FACULTY SALARIES AND DEVELOPMENT COSTS. |
| Part X, Line 2: | The College accounts for uncertainty in income taxes using 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 is met. Management determined that there were no tax uncertainties that met recognition threshold in fiscal year 2017 and 2016. The College'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: | Internal student aid netted to revenue on the financials -26,688,650. Change in Beneficial INterest in Perpetual Trusts 393,095. Unrealized gain on interest rate swaps 2,990,234. |
| Part XI, Line 4b - Other Adjustments: | RENTAL EXPENSES -100,841. fundraising expenses -72,025. |
| Part XII, Line 2d - Other Adjustments: | RENTAL EXPENSES 100,841. fundraising expenses 72,025. |
| Part XII, Line 4b - Other Adjustments: | Internal student aid netted to revenue on the financials 26,688,650. |
Schedule E IRS990ScheduleE
| Field | Value | IRS element (for citing) |
|---|---|---|
| Nondiscriminatory Policy Stmt | Yes (1) | NondiscriminatoryPolicyStmtInd |
| Policy Stmt In Brochures Etc | Yes (1) | PolicyStmtInBrochuresEtcInd |
| Plcy Pblczd Via Broadcast Media | 0 | PlcyPblczdViaBroadcastMediaInd |
| Maintain Racial Comp Recs | Yes (1) | MaintainRacialCompRecsInd |
| Maintain Scholarships Recs | Yes (1) | MaintainScholarshipsRecsInd |
| Maintain Cpy Of Brochures Etc | Yes (1) | MaintainCpyOfBrochuresEtcInd |
| Maintain Cpy Of All Sol | Yes (1) | MaintainCpyOfAllSolInd |
| Discriminate Race Stdnts Rghts | 0 | DiscriminateRaceStdntsRghtsInd |
| Discriminate Race Admiss Plcy | 0 | DiscriminateRaceAdmissPlcyInd |
| Discriminate Race Emplm Fculty | 0 | DiscriminateRaceEmplmFcultyInd |
| Discriminate Race Schs | 0 | DiscriminateRaceSchsInd |
| Discriminate Race Educ Plcy | 0 | DiscriminateRaceEducPlcyInd |
| Discriminate Race Use Of Fclts | 0 | DiscriminateRaceUseOfFcltsInd |
| Discriminate Race Athlt Prog | 0 | DiscriminateRaceAthltProgInd |
| Discriminate Race Other Acty | 0 | DiscriminateRaceOtherActyInd |
| Government Financial Aid Rcvd | Yes (1) | GovernmentFinancialAidRcvdInd |
| Government Financial Aid Rvkd | 0 | GovernmentFinancialAidRvkdInd |
| Compliance With Rev Proc7550 | Yes (1) | ComplianceWithRevProc7550Ind |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Schedule E, Part I, Line 3 | While the College does not publicize its racially nondiscriminatory policy through newspaper or broadcast media directly, the nondiscriminatory policy is published in the College viewbook, financial aid brochure and other key publications, which are distributed to every applicant and available to the public. The policy is also published on the College's website. In this regard, the College complies with paragraphs B and C, subsection 4.03 of Rev. Proc. 75-50, 1975-2 C.B. 587. |
| Schedule E, Part I, Line 6 | KING'S COLLEGE RECEIVES OPERATING FUNDS DESIGNATED BY GOVERNMENT FUNDING AGENCIES FOR PARTICULAR OPERATING PURPOSES. CERTAIN STUDENTS OF THE COLLEGE WERE RECIPIENTS OF GRANTS UNDER THE PENNSYLVANIA HIGHER EDUCATION ASSISTANCE ACT. THE COLLEGE ACTS AS THE CUSTODIAN AND DISBURSING AGENT FOR THESE FUNDS. |
Schedule G IRS990ScheduleG
| Field | Value | IRS element (for citing) |
|---|---|---|
| Mail Solicitations | Yes (X) | MailSolicitationsInd |
| Email Solicitations | Yes (X) | EmailSolicitationsInd |
| Phone Solicitations | Yes (X) | PhoneSolicitationsInd |
| In Person Solicitations | Yes (X) | InPersonSolicitationsInd |
| Solicitation Of Non Govt Grants | Yes (X) | SolicitationOfNonGovtGrantsInd |
| Solicitation Of Govt Grants | Yes (X) | SolicitationOfGovtGrantsInd |
| Special Fundraising Events | Yes (X) | SpecialFundraisingEventsInd |
| Agrmt Prof Fundraising Acty | Yes (1) | AgrmtProfFundraisingActyInd |
Fundraiser Activity Info FundraiserActivityInfoGrp
Organization Business Name OrganizationBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MARTS & LUNDY | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1200 WALL STREET WEST | AddressLine1Txt |
| City | LYNDHURST | CityNm |
| State Abbreviation | NJ | StateAbbreviationCd |
| ZIP | 07071 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Activity | CONSULTING | ActivityTxt |
| Fundraiser Control Of Funds | 0 | FundraiserControlOfFundsInd |
| Gross Receipts | $0 | GrossReceiptsAmt |
| Retained By Contractor | $50,302 | RetainedByContractorAmt |
| Net To Organization | $0 | NetToOrganizationAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Retained By Contractors | $50,302 | TotalRetainedByContractorsAmt |
Fundraising Event Information FundraisingEventInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Event1 | FATHER FARBER GOLF TOURNAMENT | Event1Nm |
| Gross Receipts Event1 | $24,580 | GrossReceiptsEvent1Amt |
| Charitable Contri Event1 | $17,110 | CharitableContriEvent1Amt |
| Gross Revenue Event1 | $7,470 | GrossRevenueEvent1Amt |
| Non Cash Prizes Event1 | $4,275 | NonCashPrizesEvent1Amt |
| Rent Facility Costs Event1 | $7,671 | RentFacilityCostsEvent1Amt |
| Other Direct Expenses Event1 | $1,709 | OtherDirectExpensesEvent1Amt |
| Event2 | LACKENMIER DINNER | Event2Nm |
| Gross Receipts Event2 | $300,711 | GrossReceiptsEvent2Amt |
| Charitable Contri Event2 | $265,521 | CharitableContriEvent2Amt |
| Gross Revenue Event2 | $35,190 | GrossRevenueEvent2Amt |
| Rent Facility Costs Event2 | $6,770 | RentFacilityCostsEvent2Amt |
| Food And Beverage Event2 | $36,532 | FoodAndBeverageEvent2Amt |
| Other Direct Expenses Event2 | $15,068 | OtherDirectExpensesEvent2Amt |
| Gross Receipts Total | $325,291 | GrossReceiptsTotalAmt |
| Charitable Contributions Tot | $282,631 | CharitableContributionsTotAmt |
| Gross Revenue Total Events | $42,660 | GrossRevenueTotalEventsAmt |
| Non Cash Prizes Total Events | $4,275 | NonCashPrizesTotalEventsAmt |
| Rent Fclty Costs Total Events | $14,441 | RentFcltyCostsTotalEventsAmt |
| Food And Beverage Total Events | $36,532 | FoodAndBeverageTotalEventsAmt |
| Oth Direct Expnss Total Events | $16,777 | OthDirectExpnssTotalEventsAmt |
| Direct Expense Summary Events | $72,025 | DirectExpenseSummaryEventsAmt |
| Net Income Summary | -$29,365 | NetIncomeSummaryAmt |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (1) | GrantRecordsMaintainedInd |
Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp (7 entries)
| Grant TypeGrantTypeTxt | RecipientRecipientCnt | Cash GrantCashGrantAmt |
|---|---|---|
| College Endowed Scholarships | 1774 | $26,176,586 |
| MCGOWAN HISPANIC OUTREACH | 7 | $313,124 |
| EPAT GRANT | 1 | $18,250 |
| HOLY CROSS MISSION DEVELOPMENT SCHOLARSHIP | 12 | $36,000 |
| SUPPLEMENTAL EDUCATIONAL OPPORTUNITY GRANT | 214 | $205,571 |
| RESIDENT ASSISTANT SCHOLARSHIPS | 30 | $400,022 |
| PRESIDENTIAL HOPE FUND SCHOLARSHIPS | 68 | $214,915 |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | Part I, Line 2: | FormAndLineReferenceDesc |
| Explanation | THE COLLEGE'S FINANCIAL AID OFFICE EVALUATES EACH STUDENT'S FINANCIAL NEED, AS DETERMINED THROUGH INFORMATION PROVIDED ON THE STUDENT FREE APPLICATION FOR FEDERAL STUDENT AID (FAFSA). MANAGEMENT AWARDS MERIT SCHOLARSHIPS TO INDIVIDUALS THAT QUALIFY, BASED ON DONOR STIPULATIONS (I.E. SPECIFIC MAJORS, LOCALITY, ETC.) AND AWARDS FEDERAL, STATE, AND PRIVATE NEED BASED AWARDS TO PROVIDE ADDITIONAL RESOURCES TO STUDENTS FOR THEIR HIGHER EDUCATION EXPENSES. INDIVIDUALS RECEIVING AWARDS ARE ON CAMPUS AND MEET WITH FINANCIAL AID COUNSELORS TO ENSURE STUDENTS ARE RESIDENTS WITHIN THE US AND ENROLLED AT THE INSTITUTION. | ExplanationTxt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Club Dues Or Fees | Yes (X) | ClubDuesOrFeesInd |
| Written Policy Ref T And E Expnss | Yes (1) | WrittenPolicyRefTAndEExpnssInd |
| Substantiation Required | Yes (1) | SubstantiationRequiredInd |
| Compensation Committee | Yes (X) | CompensationCommitteeInd |
| Form990 Of Other Organizations | Yes (X) | Form990OfOtherOrganizationsInd |
| Compensation Survey | Yes (X) | CompensationSurveyInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | 0 | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | 0 | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | 0 | EquityBasedCompArrngmInd |
| Comp Based On Revenue Of Flng Org | 0 | CompBasedOnRevenueOfFlngOrgInd |
| Comp Bsd On Rev Related Orgs | 0 | CompBsdOnRevRelatedOrgsInd |
| Comp Bsd Net Earns Flng Org | 0 | CompBsdNetEarnsFlngOrgInd |
| Comp Bsd Net Earns Rltd Orgs | 0 | CompBsdNetEarnsRltdOrgsInd |
| Any Non Fixed Payments | Yes (1) | AnyNonFixedPaymentsInd |
| Initial Contract Exception | 0 | InitialContractExceptionInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (9 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt | Bonus Filing OrganizationBonusFilingOrganizationAmount | Bonus Related OrganizationsBonusRelatedOrganizationsAmt | Other Compensation Filing OrgOtherCompensationFilingOrgAmt | Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt | Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt | Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| MR john R loyack | ||||||||||||||
| EXEC. VICE PRESIDENT/CFO | $168,941 | $0 | $12,500 | $0 | $4,800 | $0 | $9,012 | $0 | $40,608 | $0 | $235,861 | $0 | $0 | $0 |
| MR FREDERICK A PETTIT ESQ | ||||||||||||||
| VP INSTUTIONAL ADVANCEMENT | $151,633 | $0 | $12,500 | $0 | $0 | $0 | $11,282 | $0 | $25,738 | $0 | $201,153 | $0 | $0 | $0 |
| MR Joseph M Evan | ||||||||||||||
| PROVOST/VP Academic affairs | $154,340 | $0 | $12,500 | $0 | $2,400 | $0 | $8,343 | $0 | $45,391 | $0 | $222,974 | $0 | $0 | $0 |
| MR CORRY D UNIS | ||||||||||||||
| vp eNROLLMENT MANAGEMENT | $151,288 | $0 | $12,500 | $0 | $0 | $0 | $7,983 | $0 | $40,060 | $0 | $211,831 | $0 | $0 | $0 |
| MR FEVZI AKINCI | ||||||||||||||
| AssOCIATE DEAN, BUSINESS SCHOOL | $107,116 | $0 | $0 | $0 | $26,127 | $0 | $5,625 | $0 | $30,062 | $0 | $168,930 | $0 | $0 | $0 |
| ms jANET E MERCINCAVAGE | ||||||||||||||
| vp of sTUDENT AFFAIRS | $120,740 | $0 | $5,000 | $0 | $4,800 | $0 | $13,320 | $0 | $31,230 | $0 | $175,090 | $0 | $0 | $0 |
| MR PAUL J MORAN | ||||||||||||||
| CHIEF INFORMATION OFFICER | $114,959 | $0 | $0 | $0 | $17,600 | $0 | $6,000 | $0 | $24,618 | $0 | $163,177 | $0 | $0 | $0 |
| MR barry H williams ESQ | ||||||||||||||
| DEAN, BUSINESS SCHOOL | $111,570 | $0 | $3,000 | $0 | $16,300 | $0 | $23,369 | $0 | $25,862 | $0 | $180,101 | $0 | $0 | $0 |
| MS teresa M peck | ||||||||||||||
| Associate VP STUDENT SUCCESS | $124,470 | $0 | $0 | $0 | $0 | $0 | $15,541 | $0 | $20,795 | $0 | $160,806 | $0 | $0 | $0 |
Supplemental Information Detail SupplementalInformationDetail (4 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Part I, Line 1a | THE COLLEGE PAID THE INITIATION FEES AND MONTHLY DUES MEMBERSHIPS FOR FR. JOHN RYAN, C.S.C., MR. JOHN LOYACK, AND MR. FREDERICK PETTIT TO THE WESTMORELAND CLUB. THE WESTMORELAND CLUB IS A NON-PROFIT SOCIAL CLUB USED BY MEMBERS OF MANAGEMENT TO HOST MEETINGS WITH BUSINESS PARTNERS OF THE COLLEGE, BOARD MEMBERS, POTENTIAL DONORS, FACULTY, AND STAFF. FR. JOHN RYAN, C.S.C., MR. JOHN LOYACK, AND MR. FREDERICK PETTIT WERE NOT TAXED ON THE MEMBERSHIP DUES PAID BY THE COLLEGE ON THEIR BEHALF. |
| Part I, Line 1b | THE EXPENSES INCURRED AT THE WESTMORELAND CLUB ARE SUBJECT TO THE DOCUMENTATION REQUIREMENTS OF THE COLLEGE. |
| Part I, Line 7 | The College paid performance based bonuses to various members of the administration. Payments are identified in Part II of this form. Bonuses are based on a combination of exemplary performance within their division and overall financial results of the school. The President and Board chair meet to discuss performance and applicable bonuses. The board chair then meets with the compensation committee to recommend the bonuses for approval. |
| SCHEDULE J, PART II, LINE B(III): | Amounts reported in this column are related to academic services provided by the employees under part-time faculty contracts that are separate and distinct from the management duties performed by the individuals. |
Schedule K IRS990ScheduleK
Tax Exempt Bonds Issues TaxExemptBondsIssuesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
Issuer Name IssuerName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | DALLAS AREA MUNICIPAL AUTHORITY | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Issuer EIN | 231746641 | BondIssuerEIN |
| Bond Issued | 2014-10-10 | BondIssuedDt |
| Issue Price | $70,000,000 | IssuePriceAmt |
| Purpose | see part VI | PurposeDesc |
| Defeased | 0 | DefeasedInd |
| On Behalf Of Issuer | 0 | OnBehalfOfIssuerInd |
| Pool Financing | 0 | PoolFinancingInd |
Tax Exempt Bonds Proceeds TaxExemptBondsProceedsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
| Retired | $6,340,000 | RetiredAmt |
| Total Proceeds | $70,000,000 | TotalProceedsAmt |
| Issuance Costs From Proceeds | $269,828 | IssuanceCostsFromProceedsAmt |
| Capital Expenditures | $26,879,785 | CapitalExpendituresAmt |
| Other Spent Proceeds | $42,850,387 | OtherSpentProceedsAmt |
| Substantial Completion | 2016 | SubstantialCompletionYr |
| Current Refunding | Yes (1) | CurrentRefundingInd |
| Advance Refunding | 0 | AdvanceRefundingInd |
| Final Allocation Made | Yes (1) | FinalAllocationMadeInd |
| Adequate Books And Rec Maint | Yes (1) | AdequateBooksAndRecMaintInd |
Tax Exempt Bonds Private Bus Use TaxExemptBondsPrivateBusUseGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
| Owning Bond Financed Property | 0 | OwningBondFinancedPropertyInd |
| Any Lease Arrangements | 0 | AnyLeaseArrangementsInd |
| Mgmt Contract Bond Fincd Prop | Yes (1) | MgmtContractBondFincdPropInd |
| Engage Bond Counsel Contracts | Yes (1) | EngageBondCounselContractsInd |
| Any Research Agreements | 0 | AnyResearchAgreementsInd |
| Private Bus Use By Others | 0.00000 | PrivateBusUseByOthersPct |
| Private Bus Concerning UBI | 0.00000 | PrivateBusConcerningUBIPct |
| Total Private Business Use | 0.00000 | TotalPrivateBusinessUsePct |
| Bond Iss Meet Prvt Sec Pymt Test | 0 | BondIssMeetPrvtSecPymtTestInd |
| Change In Use Bond Financed Prop | 0 | ChangeInUseBondFinancedPropInd |
| Procs Nonqualified Bond Remdtd | Yes (1) | ProcsNonqualifiedBondRemdtdInd |
Tax Exempt Bonds Arbitrage TaxExemptBondsArbitrageGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
| Form8038 T Filed | 0 | Form8038TFiledInd |
| Rebate Not Due Yet | 0 | RebateNotDueYetInd |
| Exception To Rebate | Yes (1) | ExceptionToRebateInd |
| No Rebate Due | 0 | NoRebateDueInd |
| Variable Rate Issue | Yes (1) | VariableRateIssueInd |
| Hedge Identified In Bks And Rec | Yes (1) | HedgeIdentifiedInBksAndRecInd |
Hedge Provider Name HedgeProviderName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | SEE PART VI | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Term Of Hedge | 14.000000000000 | TermOfHedgePct |
| Superintegrated Hedge | Yes (1) | SuperintegratedHedgeInd |
| Hedge Terminated | 0 | HedgeTerminatedInd |
| Gross Proceeds Invested In GIC | 0 | GrossProceedsInvestedInGICInd |
| Gross Proceeds Invested | 0 | GrossProceedsInvestedInd |
| Written Proc To Monitor Reqs | Yes (1) | WrittenProcToMonitorReqsInd |
Procedures Corrective Action ProceduresCorrectiveActionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
| Procedures Corrective Action | Yes (1) | ProceduresCorrectiveActionInd |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| SCHEDULE K, PART I, BOND ISSUES (A): | DESCRIPTION OF PURPOSE: To refund existing tax exempt debt obligations, provide funding for property acquisition and capital projects. |
| SCHEDULE K, PART IV, LINE 4: | (B) FIRST NATIONAL BANK, NA (C) 14 YEARS (B) MANUFACTURERS & TRADERS BANK, NA (C) 14 YEARS |
Schedule L IRS990ScheduleL
Loans Btwn Org Interested Prsn LoansBtwnOrgInterestedPrsnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | CORRY D UNIS | PersonNm |
| Relationship With Org | PART V | RelationshipWithOrgTxt |
| Loan Purpose | PART V | LoanPurposeTxt |
| Loan From Organization | Yes (X) | LoanFromOrganizationInd |
| Original Principal | $50,000 | OriginalPrincipalAmt |
| Balance Due | $50,000 | BalanceDueAmt |
| Default | 0 | DefaultInd |
| Board Or Committee Approval | Yes (1) | BoardOrCommitteeApprovalInd |
| Written Agreement | Yes (1) | WrittenAgreementInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Balance Due | $50,000 | TotalBalanceDueAmt |
Bus Tr Involve Interested Prsn BusTrInvolveInterestedPrsnGrp (2 entries)
| Relationship DescriptionRelationshipDescriptionTxt | TransactionTransactionAmt | TransactionTransactionDesc | Sharing Of RevenuesSharingOfRevenuesInd |
|---|---|---|---|
| Scott Henry | |||
| Director | $165,367 | See part V | 0 |
| Gertrude C McGowan | |||
| Director | $477,515 | See part V | 0 |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Sch L, Part IV, Business Transactions involving interest persons: | (A) Name of Person: Scott Henry(D) Description of Transaction: Mr. Henry has an ownership interest in the FM Coach Trailways. The college paid fees to FM Coach Trailways for transportation services related to various student activities, athletic events, and alumni gatherings. All transactions were conducted at arm's length.(A) Name of Person: Gertrude C. McGowan(D) Description of Transaction: Ms. McGowan is an executive with Highmark Blue Cross Blue Shield. The company provides third party administrative services and stop loss insurance in connection with the college's self funded health insurance plan. All transactions were conducted at arm's length. |
| Sch L, Part II, LOANS TO AND/OR FROM INTERESTED PERSONS: | (A) NAME: CORRY D. UNIS(B) RELATIONSHIP WITH ORGANIZATION: KEY EMPLOYEE(C) PURPOSE OF LOAN: REAL ESTATE |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (11 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Form 990, Part VI, Section A, line 2 | Directors Eberhard Faber, Michael Molewski, and Richard Pinola have business relationships. Rev. Thomas O'Hara, C.S.C. and Mr. James O'Hara have a familial relationship. Rev. Thomas O'Hara, C.S.C. is the Provincial of the U.S. Province of Holy Cross Priests and Brothers. The President of King's College, Rev. John J. Ryan, C.S.C. (along with all other priests and brothers employed by the College) are members of the U.S. Provinces of Holy Cross Priests and Brothers. Rev. John Denning, Rev. Daniel Groody, Rev. Gerard Olinger, Rev. Mark Poorman, Rev. James Rebeta, Rev. Kevin Spicer, Bro. Donald Stabrowski, Rev. Oliver Williams, and Rev. John Young are members of the U.S. Province of Holy Cross and Directors of the College. |
| Form 990, Part VI, Section A, line 3 | The management of the dining services and conference and events departments are contracted to the Compass Group (Chartwells). The respective managers employed by Chartwells report to the Director of Contract Compliance (College employee). The ultimate decision authority rests with the College's managers and Executive Vice President & CFO, including personnel decisions. Employees of Chartwells are subject to the employee pay practices and benefits offered by Chartwells. |
| Form 990, Part VI, Section A, line 6 | The members of the Corporation of King's College include all full-fledged members of the Congregation of Holy Cross whose official assignment is directly related to King's College. The members meet at least annually and as often as deemed necessary by the members, corporate officers or board of directors. |
| Form 990, Part VI, Section A, line 7a | The members of the Corporation, through consultation with various board committees, elect the board of directors. The Board of Directors acts as the governing body of the College. |
| Form 990, Part VI, Section B, line 11b | The Form 990 and 990T is provided to the College's Audit Committee, in draft form, during a regularly scheduled meeting. The information presented to the Committee members is provided to them prior to the meeting date for review and analysis. The Committee members review the forms individually and raise questions and concerns regarding the information presented to management during the meeting. Following approval of the Audit committee, the draft forms are made available to the entire board through a secure board portal accessible to all members. The Board Chair informs the directors of the drafts and how to access them during a regularly scheduled meeting. Comments regarding the forms are accumulated and addressed by the Controller and Chief Accounting Officer during a subsequent period of no less than 30 days. The forms are also reviewed by independent certified public accountants specializing in non-profit tax compliance. At the conclusion of the review period, the Board of Directors will authorize management to file the forms with the Internal Revenue Service. |
| Form 990, Part VI, Section B, line 12c | The Assistant Secretary of the Board will distribute the Conflict of Interest policy and certification statement at the direction of the Board Chair. The policy and certification statements are distributed prior to the annual meeting each October. The completed certifications are reviewed by the Controller and Chief Accounting Officer, who obtains additional information as necessary. The Board Chair and President of the College monitor compliance with the policy during each board meeting where voting actions occur. Individuals with identified conflicts are prohibited from providing commentary or voting on the related resolutions related to the conflicted transactions. |
| Form 990, Part VI, Section B, line 15 | The College's Board of Directors maintains an Executive Compensation Committee to determine the compensation of the CEO and members of the executive team, including all Vice Presidents. Compensation is based on an evaluation of salaries paid to individuals with similar roles at comparable institutions within the geographic region. The CEO prepares annual evaluations of the performance of each Vice President and recommends an annual raise and performance bonus. The Executive's total compensation, including bonuses, are used to evaluate the compensation of each individual. The Compensation Committee reviews comparable data in relation to the total compensation paid to each executive and approves the compensation package. |
| Form 990, Part VI, Section C, line 18 | THE COLLEGE MAINTAINS PUBLIC INSPECTION COPIES OF FORMS 990 AND FORM 990-T IN THE COLLEGE'S BUSINESS OFFICE DURING REGULARLY SCHEDULED HOURS. FURTHER, A COPY OF THE FORM 990 IS AVAILABLE AT WWW.GUIDESTAR.ORG. |
| Form 990, Part VI, Section C, line 19 | The College does not make its governing documents, conflict of interest policy or financial statements available to the general public. The Conflict of Interest Statement and By-laws are available on the College's intranet website to individuals with access to the College's network. The College makes it's financial statements available to College employees through individual request made to the College's Controller and Chief Accounting Officer during regularly scheduled business hours. |
| Form 990, Part XI, line 9: | Change in beneficial interest in perpetual trusts 393,095. unrealized gain on interest rate swaps 2,990,234. |
| Form 990, Part XI, Line 2C: | There has been no change in the selection or oversight of the College's independent auditors. The College's Audit Committee meets with the representatives of the independent auditors at least two times per year. The Committee reviews the qualifications, compensation and services provided by the independent auditing firm. The Audit Committee reviews and executes the engagement letters related to the services provided and reviews all communications required by auditing standards generally accepted in the United States of America. The Audit Committee recommends appointment of the independent auditors to the full board for approval annually. |
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