2018-05-10T14:47:22-05:00 2017-06-30 390859910 Baker Tilly Virchow Krause LLP 20 Stanwix Street Pittsburgh PA 15222 990 2016-07-01 250964126 St Vincent College Corporation STVI 7245399761 300 Fraser Purchase Road Latrobe PA 15650 Richard Williams TREASURER/VP OF FINANCE 7245399761 2018-05-01 1 Brian R Lenart EA P00289136 4126976400 2016 2022-09-23 18:48:47Z BRO NORMAN HIPPS OSB 300 Fraser Purchase Road Latrobe PA 15650 106485643 0 X WWW.STVINCENT.EDU X 1846 PA TO PROVIDE QUALITY UNDERGRADUATE AND GRADUATE EDUCATION FOR MEN AND WOMEN. 42 42 1597 46 754647 -107480 22382967 23611449 70830911 72331923 5289566 3024251 1031217 1225210 99534661 100192833 30090865 31271722 0 0 29972574 31219893 0 0 877682 22633989 23675034 82697428 86166649 16837233 14026184 223263090 246515886 36889874 37519923 186373216 208995963 X Saint Vincent College is an educational community rooted in the tradition of the Catholic faith, the heritage of Benedictine monasticism, and the love of values inherent in the liberal approach to life and learning. Its mission is to provide quality undergraduate and graduate education for men and women to enable them to integrate their professional aims with the broader purposes of human life. The programs, activities, and encounters that make up student life at Saint Vincent College encourage the intellectual gifts, professional aptitudes and personal aspirations of students to mature harmoniously. 0 0 76657965 31271722 72331923 FOUNDED IN 1846, SAINT VINCENT COLLEGE IS A PRIVATE, CATHOLIC, BENEDICTINE LIBERAL ARTS COLLEGE LOCATED IN LATROBE, PENNSYLVANIA. OUR MISSION IS "TO PROVIDE QUALITY UNDERGRADUATE AND GRADUATE EDUCATION FOR MEN AND WOMEN TO ENABLE THEM TO INTEGRATE THEIR PROFESSIONAL AIMS WITH THE BROADER PURPOSES OF HUMAN LIFE."SAINT VINCENT COLLEGE'S APPROACH TO EDUCATION IS ROOTED IN A CORE CURRICULUM THAT PROVIDES ALL STUDENTS WITH A BROAD-BASED EDUCATION. THE CORE CURRICULUM IS FOUNDED IN THE HUMANITIES, SOCIAL SCIENCES, NATURAL SCIENCES AND MATHEMATICS. EACH OF OUR PROGRAMS OF STUDY INCORPORATES AN INTERDISCIPLINARY VIEW OF KNOWLEDGE AND EMPHASIZES THE SKILLS TO INCREASE A STUDENT'S GENERAL BODY OF KNOWLEDGE THROUGHOUT THEIR LIVES.IN ADDITION TO ITS ROLE AS A KEY EDUCATIONAL PROVIDER, SAINT VINCENT SERVES AS AN ECONOMIC, ENVIRONMENTAL AND CULTURAL RESOURCE FOR THE LOCAL AREA. APPROXIMATELY 40% OF ALL GRADUATES FROM THE COLLEGE RESIDE IN ALLEGHENY AND WESTMORELAND COUNTIES, HELPING TO CONTRIBUTE TO THE REGION'S ECONOMIC GROWTH. THE COLLEGE'S ACADEMIC AND OUTREACH PROGRAMS ALSO HAVE HAD AN INSTRUMENTAL ROLE IN FOSTERING BUSINESS DEVELOPMENT, PROMOTING CULTURAL ENRICHMENT AND ADDRESSING REGIONAL ENVIRONMENTAL AND HEALTHCARE ISSUES.SAINT VINCENT COLLEGE SEMINARY IS A CENTER FOR THE SPIRITUAL FORMATION, HUMAN DEVELOPMENT AND ACADEMIC AND PASTORAL PREPARATION OF CANDIDATES FOR THE PRIESTHOOD. THE SEMINARY ALSO PROVIDES PROGRAMS FOR PERMANENT DIACONATE CANDIDATES AND OFFERS DEGREE PROGRAMS TO QUALIFIED MEN AND WOMEN SEEKING A THEOLOGICAL EDUCATION. 76657965 1 1 0 1 0 0 0 1 0 1 1 1 0 0 1 1 1 0 1 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 1 0 0 0 1 X 200 29 1 1597 1 1 1 1 CJ 0 0 0 1 1 0 0 0 0 X 42 42 1 0 0 0 0 1 1 1 1 0 0 0 1 1 1 1 1 1 1 0 PA X Business Office 7248052251 300 Fraser Purchase Road Latrobe PA 15650 Mr J Christopher Donahue Chairman 6.00 X X 0 0 0 Rt Rev Douglas R Nowicki OSB Vice Chairman/Chancellor 8.00 X X 0 0 0 Rev Warren Murrman OSB Secretary 2.00 X X 0 0 0 Br Norman Hipps OSB President 40.00 X X 0 0 0 Rev Edward Mazich OSB Rector 40.00 X X 0 0 0 Rev Thomas Acklin OSB Director 2.00 X 0 0 0 Fr Michael Antonacci OSB Director 2.00 X 0 0 0 Atty Joseph C Bartolacci Director 4.00 X 0 0 0 Ms Bibiana Boerio Director 2.00 X 0 0 0 Ms Linda Mckenna Boxx Director 2.00 X 0 0 0 Rev Jude Brady OSB Director 2.00 X 0 0 0 Br David Carlson OSB Director 2.00 X 0 0 0 Dr Robert J Clemens Director 2.00 X 0 0 0 Rev Patrick Cronauer OSB Director 2.00 X 0 0 0 Rev Thomas Curry OSB Director 2.00 X 0 0 0 Mr John J Degnan Director 2.00 X 0 0 0 Mr Richard A DiClaudio Director 2.00 X 0 0 0 Mr David A Dzombak PhD Director 2.00 X 0 0 0 Mr Donald A Haile Director 2.00 X 0 0 0 Mr John J Hans Director 2.00 X 0 0 0 Very Rev Earl Henry OSB Director 2.00 X 0 0 0 Mr Michael Keslar Director 4.00 X 0 0 0 Hon Maureen Lally-Green Esq Director 2.00 X 0 0 0 Mr Ralph Liberatore Director 2.00 X 0 0 0 Mr James V Maher Jr Director 4.00 X 0 0 0 Most Rev Edward Malesic Director 2.00 X 0 0 0 Dr Donald L Miller PhD Director 2.00 X 0 0 0 Atty Joseph W O'Toole Esq Director 4.00 X 0 0 0 Rev Nathanael Polinski OSB Director 2.00 X 0 0 0 Mr Robert F Pusateri Director 2.00 X 0 0 0 Mr Charles J Queenan Jr Esq Director 2.00 X 0 0 0 Mrs Jeri Eckhart-Queenan Director 2.00 X 0 0 0 Mr Arthur J Rooney II Director 2.00 X 0 0 0 Mr Timothy P Ryan Esq Director 4.00 X 0 0 0 Mr Hans J Sack Director 2.00 X 0 0 0 Mr Paul A Seaman Director 2.00 X 0 0 0 Dr Kiron Skinner PhD Director 2.00 X 0 0 0 Rev Ralph Tajak OSB Director 2.00 X 0 0 0 Rev Richard Ulam OSB Director 2.00 X 0 0 0 Mr James F Will Director 2.00 X 0 0 0 Rev Frank Ziemkiewicz OSB Director 2.00 X 0 0 0 Most Rev David A Zubik Director 2.00 X 0 0 0 MRS GINA M NALEVANKO ASSISTANT TREASURER 36.00 4.00 X 97809 0 32735 MR RICHARD S WILLIAMS TREASURER/VP FINANCE & ADMIN. 32.00 8.00 X 158108 0 39109 MR RICHARD FERNANDES EXEC. DIRECTOR - FRED ROGERS CENTER 40.00 X 152152 0 38566 Mr Dave Hollenbaugh Assoc. VP Inst. Advancement 40.00 X 148225 0 36703 MR GARY QUINLIVAN DEAN - MCKENNA SCHOOL 40.00 X 140275 0 35594 MR JOHN J SMETANKA VP FOR ACADEMIC AFFAIRS 40.00 X 136955 0 57498 MR BRADLEY WATSON PROFESSOR - POLITICS 40.00 X 136263 0 61220 969787 0 301425 22 0 1 0 Buchanan Ingersoll Rooney One Oxford Center 301 Grant Street Pittsburgh PA 152191410 Legal Services 130149 BAKER TILLY VIRCHOW KRAUSE LLP PO BOX 7398 MADISON WI 53707 ACCOUNTING & AUDITING SERVICES 118817 2 152610 357034 2793781 20308024 13924336 23611449 TUITION AND FEES 611600 57729378 57729378 RESIDENCE HALL REVENUE 611600 7365841 7365841 DINING SERVICE REVENUE 611600 6388836 6388836 BOOKSTORE REVENUE 611600 756901 756901 OTHER AUXILIARY SERVICES 611600 90967 90967 72331923 2870794 2870794 3400 3400 672725 498856 173869 173869 70407 103462 5805876 5652419 153457 153457 153457 125150 152610 141535 -16385 -16385 PITTSBURGH STEELERS 721000 497469 497469 ATHLETIC INCOME 900099 144210 144210 THEATER INCOME 900099 124225 124225 298422 186771 111651 1064326 100192833 72331923 754647 3494814 31271722 31271722 352109 292437 53176 6496 21358502 17738864 3225616 394022 1088423 903967 164377 20079 6924644 5751120 1045778 127746 1496215 1242651 225962 27602 91898 76324 13879 1695 74430 61816 11241 1373 42443 35250 6410 783 287305 287305 1440708 1196550 217580 26578 385804 320422 58265 7117 1723088 1431075 260225 31788 413050 343050 62380 7620 17502 17502 2575400 2138945 388944 47511 1228922 1020656 185595 22671 1140014 946815 172168 21031 4098031 3403535 618895 75601 560577 465576 84659 10342 Food Service 5024232 4172772 758773 92687 Student Labor 1388290 1153016 209663 25611 Supplies and Equipment 1110233 922081 167670 20482 Purchases 567858 471623 85759 10476 1505249 1280196 326682 -101629 86166649 76657965 8631002 877682 125300 82711 1201447 2214057 16426937 15077770 1431816 1601926 1276704 1162696 490874 456912 676927 635971 173480938 80009328 93056040 93471610 90348435 112874884 15192240 16051174 3036370 2886175 223263090 246515886 5381278 7229041 631691 24729324 23263851 3241305 3205748 3537967 3189592 36889874 37519923 X 35887807 39104160 83796897 100678604 66688512 69213199 186373216 208995963 223263090 246515886 14026184 8596563 0 X X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 0 1 33 0 0 1 10734 0 1 31676 42443 0 Part II-B, Line 1: Saint Vincent College contracts with Buchanan Ingersoll & Rooney PC to support the following government relations activities: - creating and maintaining relationships with elected officials to inform them of the current educational programs and strategic initiatives of the College - identifying government grant programs that align with the funding needs of the College - providing guidance and support for the submission of government grant applications - requesting support from elected officials for the College's funding requests - identifying legislative issues that impact the College - facilitating meetings for College representatives with elected officials X X 0 84930813 8045642 10742326 2170152 2731365 98817264 86954737 4066881 -2100437 2147380 1842988 84930813 89758038 2099138 -950890 2108733 1842816 86954737 78366120 3497135 11955226 1938428 2122015 89758038 71337060 2297786 8145956 1763422 1651260 78366120 0.15940 0.66170 0.17890 0 0 4950 4950 122180399 41172957 81007442 18157412 11438165 6719247 25104743 22779678 2325065 8033434 4618528 3414906 93471610 ALTERNATIVE INVESTMENTS 16051174 F 16051174 ANNUITIES PAYABLE 1086181 STUDENT DEPOSITS 603411 NOTE PAYABLE, RELATED PARTY 1500000 3189592 X 77870760 8596563 -31271722 -22675159 100545919 287305 -640391 -353086 100192833 55248013 640391 640391 54607622 287305 31271722 31559027 86166649 Part III, Line 1a: THE COLLEGE HAS AN ARTWORK COLLECTION AND COVERLETS THAT ARE NOT REPORTED IN THE COLLEGE'S BALANCE SHEET OR STATEMENT OF ACTIVITIES. THE ARTWORK COLLECTION AND COVERLETS SERVE AS EDUCATIONAL, HISTORICAL AND CULTURAL TREASURES AND SUPPORT THE EXEMPT STATUS OF ST. VINCENT COLLEGE. Part V, Line 4: ENDOWMENT FUNDS ARE TO BE USED FOR SCHOLARSHIPS, FACULTY DEVELOPMENT AND SALARIES, STUDENT RESEARCH, EDUCATIONAL PROGRAMS AND GENERAL SUPPORT OF OPERATIONS. Part X, Line 2: The Corporation accounts for uncertainties in income taxes in accordance with authoritative guidance, which prescribes a recognition threshold of more-likely-than-not to be sustained upon examination by the appropriate taxing authority. Measurement of the tax uncertainty occurs if the recognition threshold has been met. Management determined there were no tax uncertainties that met the recognition threshold at June 30, 2017 and 2016. Part XI, Line 2d - Other Adjustments: STUDENT AID -31,271,722. Part XI, Line 4b - Other Adjustments: RENTAL EXPENSE -308,567. SPECIAL EVENTS EXPENSE -141,535. ubit rental expense -190,289. Part XII, Line 2d - Other Adjustments: RENTAL EXPENSE 308,567. SPECIAL EVENTS EXPENSE 141,535. ubit rental expense 190,289. Part XII, Line 4b - Other Adjustments: STUDENT AID 31,271,722. Schedule D, Part II The college rents land from St. Vincent Archabbey. The land has a stream which is a 50 ft. wide conservation easement the length of the stream. The Easement is held by St. Vincent Archabbey. 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 CORPORATION'S RACIALLY NONDISCRIMINATORY POLICY IS PUBLICIZED DURING THE RECRUITING AND ADMISSIONS PROCESS. All advertising drives the public to the website, which contains the corporation's nondiscrimination statement on every page devoted to Admission. Access to a full directory of legal information is provided in the website footer, available on every page of the website. Schedule E, Part I, Line 6 Saint Vincent College receives the following assistance from governmental agencies: Pennsylvania Institutional Grant, National Science Foundation, US Small Business Administration, PA Dept of Environmental Protection, PA Council on the Arts, PA Higher Education Assistance Agency, PA Dept of Health, PA Dept of Public Welfare, PA Dept of Community and Economic Development, US Dept of Health and Human Services, US Department of Education, PA Dept of Education, PA Liquor Control Board, Office of Surface Mining, Reclamation and Enforcement, National Aeronautics and Space Administration, PA Department of Transportation, National Endowment for the Humanities, PA Redevelopment Assistance Capital Program, PA National Guard, PA Office of Vocational Rehabilitation, Department of Veteran Affairs, PA Department of Labor & Industry's Workforce Development, Institute of Museum and Library Sciences and Financial Aid Title IV funds. BEARCAT OPEN 75150 44170 30980 16213 4563 Summer Theatre Gala 48525 33525 15000 594 11060 3500 2118 6 154085 74915 79170 31184 40278 800 31225 277760 152610 125150 47991 51338 4300 37906 141535 -16385 1 SCHOLARSHIPS - SEOG 227 221296 FAIR MARKET VALUE N/A SCHOLARSHIPS - STUDENT AID 1616 28158474 FAIR MARKET VALUE N/A SCHOLARSHIPS - ENDOWMENT 1151 2121817 FAIR MARKET VALUE N/A SCHOLARSHIPS - GRANTS 218 770135 FAIR MARKET VALUE N/A Part I, Line 2: The College monitors the use of grant funds through a shared approach by the financial aid department and the business office. All budgeted to actual grant activity is monitored on a monthly basis and the financial aid for each student is approved prior to disbursing funds. Grant reporting and compliance are monitored by the both the financial aid department and the business office to ensure accuracy. X 1 1 X X X 0 0 0 0 0 0 0 0 0 MR RICHARD S WILLIAMS TREASURER/VP FINANCE & ADMIN. 158108 0 0 0 0 0 12051 0 27058 0 197217 0 0 0 MR RICHARD FERNANDES EXEC. DIRECTOR - FRED ROGERS CENTER 152152 0 0 0 0 0 11306 0 27260 0 190718 0 0 0 Mr Dave Hollenbaugh Assoc. VP Inst. Advancement 148225 0 0 0 0 0 9991 0 26712 0 184928 0 0 0 MR GARY QUINLIVAN DEAN - MCKENNA SCHOOL 140275 0 0 0 0 0 9279 0 26315 0 175869 0 0 0 MR JOHN J SMETANKA VP FOR ACADEMIC AFFAIRS 136955 0 0 0 0 0 10444 0 47054 0 194453 0 0 0 MR BRADLEY WATSON PROFESSOR - POLITICS 136263 0 0 0 0 0 7950 0 53270 0 197483 0 0 0 Part I, Line 1a Paid Country club dues for President for business use in fundraising efforts. A UPPER YODER TOWNSHIP AUTHORITY 256010921 2005-11-21 6220000 ADDITIONS TO TWO DORMITORIES AND OTHER COSTS 0 0 0 B latrobe industrial development authority 251763674 2011-12-20 13026000 refunding 0 0 0 C Latrobe Industial Development Authority 251763674 518331BR3 2013-04-01 11529540 Refunding/Capital projects 0 0 0 A 6220000 31058 58500 6161500 2006 0 0 1 1 B 12943650 13026000 82350 2011 1 0 1 1 C 9750000 11529540 2388050 2666263 219701 1838052 2016 1 0 1 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 B 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 C 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 A 0 0 1 0 0 0 0 0 0 B 0 0 1 1 0 0 0 0 0 C 0 0 1 0 0 0 0 0 0 A 1 B 1 C 1 Date Rebate Computation Performed Issuer Name: latrobe industrial development authority Date the Rebate Computation was Performed: 11/01/2016 Mr Arthur J Rooney II see part v 818388 Charges related to Steelers Training Camp, Shareholders Meeting, Steelers Family Night and Steelers Fantasy Camp total $718,377. Charges related to legal & lobbying services with Buchanan, Ingersoll & Rooney PC total $100,011. 0 Br Norman Hipps OSB Board President 627973 All payments primarily relate to a masters in health sciences program in nurse anesthesia in collaboration with Excela Health. Br. Norman Hipps is a member of the Excela Health board. 0 Schedule L, Part IV Column B: Member of the board, co-owner of the Pittsburgh Steelers, and cousel with Buchanan, Ingersoll & Rooney PC X 18 13924336 FAIR MARKET VALUE 0 1 1 Part I, Column (b): The number in column (b) represents the number of contibutors. Part I, Line 32b: Morgan Stanley and Hirtle, Callaghan & Co., LLC are used to facilitate the sale of all securities. FORM 990, PART VII, SECTION A: THE FOLLOWING BENEDICTINE MONKS ARE COMPENSATED EMPLOYEES BUT DO NOT RECEIVE A W-2, AS ALL COMPENSATION EARNED IS TRANSFERRED DIRECTLY TO THE SAINT VINCENT ARCHABBEY: Brother Norman Hipps, O.S.B. ($289,584) Rev. Warren Murrman, O.S.B. ($24,830) Rev. Edward Mazich, O.S.B. ($86,703) Rt. Rev. Douglas R. Nowicki, O.S.B. ($33,214) Rev. Thomas Acklin, O.S.B. ($52,320) Brother David Carlson, O.S.B. ($93,108) Rev. Patrick Cronauer, O.S.B ($89,362) Form 990, Part VI, Section A, line 2 Mr. Charles J. Queenan, Jr. is the father-in-law of Ms. Jeri Eckhart Queenan. Current board members Hon. Maureen Lally-Green, Esq. and Mr. James F. Will both serve on the board of Federated Funds. Mr. J. Christopher Donahue, Chairman, is the President and CEO of Federated Investors, Inc. Current board member Atty. Joseph C. Bartolacci serves on the board of federated investors of which Mr. J. Christopher Donahue, chairman, is the president and CEO. Form 990, Part VI, Section A, line 7a GOVERNANCE OF THE CORPORATION IS ENTRUSTED TO THE MEMBERS OF THE CORPORATION AND THE BOARD OF DIRECTORS. THERE ARE SEVEN MEMBERS OF THE CORPORATION, AND THEY ARE A SELF-PERPETUATING GOVERNING BODY. THE MEMBERS OF THE CORPORATION MUST BE MEMBERS OF THE BENEDICTINE SOCIETY - SAINT VINCENT ARCHABBEY. THE MEMBERS ARE THE LEGAL GOVERNING BODY OF THE CORPORATION BUT HAVE DELEGATED TO THE CORPORATION'S BOARD OF DIRECTORS RESPONSIBILITY FOR MOST ACADEMIC AND OPERATIONAL MATTERS. Form 990, Part VI, Section A, line 7b Members of the corporation are required to approve debt, new construction and major changes in mission. Form 990, Part VI, Section B, line 11b The board delegated the complete review of the Form 990 with all required schedules to the Finance Committee and to the Chairman of the Board. Form 990 was presented at the March 2018 meeting to all Finance committee members with an independent review by the Chairman. The remaining board members are provided a copy of the Form 990 excluding Schedule B. Form 990, Part VI, Section B, line 12c All new board members undergo a vetting process by a board committee to ascertain if any potential conflict of interest exists between the member and the college corporation. Board members are reviewed on an annual basis to ensure that they are adhering to our conflict of interest policy. Additionally, management regularly and consistently reviews all significant business contracts to determine that we are compliant with our conflict of interest policy. Questionnaires are sent out from the president's office on an annual basis to all officers, directors, trustees and key employees and legal counsel reviews. Form 990, Part VI, Section B, line 15 The articles of incorporation provide for an executive compensation committee to recommend to the board objectives for the president of the college, vice president for finance of the college/treasurer of the corporation, the vice president for academic affairs and academic dean and the executive vice president and recommend policies, strategies and pay levels necessary to support the college's objectives. The committee compiles comparative data from other colleges of similar size (chronicle of higher ed, IPEDS). The committee may also, if appropriate, select independent compensation consultants to advise the committee. HR Director keeps A file WITH minutes of meetings and worksheet used to analyze compensation data. Form 990, Part VI, Section C, line 19 FORM 990 IS AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 2C: The Treasurer, Assistant Treasurer and Controller work with the Finance & Audit Committee Chair to select and engage our independent auditors subject to committee approval. The responsibility for the oversight of the audit field rests with management. The Chair of the Finance and Audit committee is kept current with the audit as it progresses by both management and the independent accountants. The independent accountants also present the annual financial results to the Finance and Audit Committee for discussion and approval. THE BENEDICTINE SOCIETY OF WESTMORELAND COUNTY 300 FRASER PURCHASE ROAD LATROBE PA 15650 250964126 TO SUPPORT SAINT VINCENT COLLEGE, SEMINARY AND ARCHABBEY PA 501(c)(3) Line 5 N/A 0 0 0 1 0 1 0 0 0 0 0 1 0 0 1 1 1 1 0 0