2018-05-15T09:51:51-05:00 2017-06-30 340677006 Maloney Novotny LLC 1111 Superior Ave Suite 700 Cleveland OH 441142540 990 2016-07-01 340714777 URSULINE COLLEGE URSU 4406468301 2550 LANDER ROAD PEPPER PIKE OH 44124 SR CHRISTINE DE VINNE OSU PRESIDENT 4406468301 2018-05-10 1 Christopher B Anderson P00226559 2163630100 2016 2022-09-23 18:48:47Z SR CHRISTINE DE VINNE O 2550 LANDER ROAD PEPPER PIKE OH 44124 35810351 0 X WWW.URSULINE.EDU X 1871 OH URSULINE COLLEGE OFFERS HOLISTIC EDUCATION THAT TRANSFORMS STUDENTS FOR SERVICE, LEADERSHIP AND PROFESSIONAL EXCELLENCE BY PROVIDING UNDERGRADUATE AND GRADUATE PROGRAMS THAT FOSTER LIFELONG LEARNING AND PERSONAL WISDOM IN AN ENVIRONMENT CHARACTERIZED BY: CATHOLIC AND URSULINE HERITAGE; WOMEN-CENTERED LEARNING; VALUES-BASED CURRICULA; AND AN INCLUSIVE, GLOBAL PERSPECTIVE. 27 27 600 80 96346 49557 814388 1590643 24422621 25300825 1280201 2240204 158859 179001 26676069 29310673 6024706 6731032 0 0 14704502 13888437 0 0 930430 8540703 8571488 29269911 29190957 -2593842 119716 90692905 93556521 8096033 7146065 82596872 86410456 X URSULINE COLLEGE OFFERS HOLISTIC EDUCATION THAT TRANSFORMS STUDENTS FOR SERVICE, LEADERSHIP AND PROFESSIONAL EXCELLENCE BY PROVIDING UNDERGRADUATE AND GRADUATE PROGRAMS THAT FOSTER LIFELONG LEARNING AND PERSONAL WISDOM IN AN ENVIRONMENT CHARACTERIZED BY: CATHOLIC AND URSULINE HERITAGE; WOMEN-CENTERED LEARNING; VALUES-BASED CURRICULA; AND AN INCLUSIVE, GLOBAL PERSPECTIVE. 0 0 26487793 6731032 25303178 THE EDUCATION OF INDIVIDUALS AT BOTH THE UNDERGRADUATE AND GRADUATE LEVEL. THE COLLEGE OFFERS MORE THAN 30 DEGREES RANGING FROM ART AND SPORTS MANAGEMENT TO HISTORIC PRESERVATION AND DOCTOR OF NURSING PRACTICE. THE APPROXIMATE NUMBER OF STUDENTS WHO ATTEND THE COLLEGE IS 1,200. 26487793 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 1 0 0 0 0 0 1 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 0 0 1 49 0 1 600 1 1 1 0 0 0 0 1 1 0 0 0 0 X 27 27 0 0 0 0 1 1 1 1 1 0 0 0 1 1 1 1 0 1 1 0 X TIMOTHY REARDON 4406468301 2550 LANDER RD PEPPER PIKE OH 44124 John Newman Chair of Board 1.00 X 0 0 0 Carol Anton Trustee 0.50 X 0 0 0 Mhoire McGrath Cade Trustee 0.50 X 0 0 0 Sr Jennifer Corlett OSU Trustee 0.50 X 0 0 0 Teri Hermann Corletzi Trustee 0.50 X 0 0 0 Marcia Cuyler-Lewis Trustee 0.50 X 0 0 0 Dixie Lee Davis Trustee 0.50 X 0 0 0 Eva Dolan Trustee 0.50 X 0 0 0 Sr Susan Durkin OSU Trustee 0.50 X 0 0 0 Sr Kathleen Flanagan OSU Trustee 0.50 X 0 0 0 George Goudreau Jr Trustee 0.50 X 0 0 0 Lisa Into Trustee 0.50 X 0 0 0 Sr Joanne Gross OSU Trustee 0.50 X 0 0 0 Jeffrey Heinen Trustee 0.50 X 0 0 0 Mary Khouri Trustee 0.50 X 0 0 0 William Koeblitz Trustee 0.50 X 0 0 0 Jay Masurekar Trustee 0.50 X 0 0 0 Sr Maureen McCarthy OSU Trustee 0.50 X 0 0 0 Janet Miller Trustee 0.50 X 0 0 0 Carl Monastra Trustee 0.50 X 0 0 0 Sr Martha Mooney OSU Trustee 0.50 X 0 0 0 Kimberley Osborne-Milstein Trustee 0.50 X 0 0 0 Anthony Panzica Trustee 0.50 X 0 0 0 Rajanee Shendure Trustee 0.50 X 0 0 0 Michael Silvestro Trustee 0.50 X 0 0 0 Thomas G Smith Trustee 0.50 X 0 0 0 Lisa Sutton Trustee 0.50 X 0 0 0 Sr Christine De Vinne OSU President & Trustee 40.00 X X 0 0 0 Sr Ritamary Welsh OSU Trustee 0.50 X 0 0 0 Elizabeth Kavran VP Academic Affairs 40.00 X 100263 0 3501 Kevin Gladstone VP Development 40.00 X 29044 0 3208 June Gracyk VP Facilities 40.00 X 92216 0 22497 Deanne Hurley VP Student Affairs/Enrollment 40.00 X 114737 0 10344 Richard Konisiewicz VP Development 40.00 X 87168 0 8481 David Steiner VP & CFO 40.00 X 40485 0 4720 Terry Billups General Counsel & Secretary 40.00 X 115619 0 3962 Tim Reardon VP & CFO 40.00 X 82222 0 22197 661754 0 78910 3 0 0 0 METZ CULINARY MANAGEMENT 2 WOODLAND DR DALLAS PA 18612 DINING SERVICES 658561 ALL FOR YOU JANITORIAL 7052 FOX HILL DR SOLON OH 44139 JANITORIAL SERVICES 350122 ASSESSMENT TECHNOLOGIES 62277 COLLECTIONS CENTER DRIVE CHICAGO IL 60693 TESTING SERVICES 271181 ROYALL & COMPANY 1920 EPARHAM RD RICHMOND VA 23228 RECRUITMENT CONSULTING 225902 4 105430 1485213 43031 1590643 TUITION AND FEES 900099 23083217 23083217 ROOM AND BOARD 900099 1865795 1865795 OTHER PROGRAM REVENUE 900099 334498 334498 BOOKSTORE 900099 17315 17315 25300825 1006635 22623 984012 176732 0 176732 176732 73723 103009 7625640 6392071 1233569 1233569 1233569 107523 105430 107607 -84 -84 ALUMNAE SNACK BAR 900099 2353 2353 2353 29310673 25303178 96346 2320506 6731032 6731032 816127 297398 360344 158385 10562742 9749034 436016 377692 288441 255240 23317 9884 1363810 1206828 110251 46731 857317 758637 69305 29375 25343 25343 51750 51750 1824374 1694269 108111 21994 469304 452223 8857 8224 486722 391363 9597 85762 117832 103533 9285 5014 1844865 1621452 145070 78343 UTILITIES 1346580 1346580 EQUIPMENT, FURNITURE 623941 495552 109317 19072 SUPPLIES 557292 541992 8278 7022 RECRUIT., PUBLICATIONS 361728 310201 46365 5162 861757 532459 251528 77770 29190957 26487793 1772734 930430 5426310 5549782 2593902 2252112 507845 314948 785524 845851 265573 212320 86536446 44110415 43500059 42426031 35172755 38904726 2292925 2857774 148012 192977 90692905 93556521 1200891 1235290 149115 172693 4545000 3939482 1085000 685000 1116027 1113600 8096033 7146065 X 47591187 48041132 12845365 14694761 22160320 23674563 82596872 86410456 90692905 93556521 119716 3693868 0 X 0 1 X 1 1 1 X 6379544 4397098 3841263 814388 1590643 17022936 6379544 4397098 3841263 814388 1590643 17022936 7203583 9819353 856370 736511 633552 586738 1183367 3996538 22980 39991 44561 16282 107523 231337 21250811 130099506 0.46210 0.46650 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 38721787 823312 5908411 1947338 43506172 42489545 197409 -750909 3214258 38721787 42762370 475485 1603089 2351399 42489545 37105518 1020401 7163309 2526858 42762370 34829313 1190064 4942671 3856530 37105518 0.18750 0.52750 0.28500 0 0 179270 179270 67378948 26545459 40833489 18243527 17564956 678571 734701 734701 42426031 GOVERNMENTAL LOAN PROGRAM 1113600 1113600 X 26273509 3693868 3693868 22579641 6731032 6731032 29310673 22459925 0 22459925 6731032 6731032 29190957 Part V, Line 4: INTENDED USE OF ENDOWMENT FUNDS - DISTRIBUTIONS FROM ENDOWMENT FUNDS ARE SPENT IN ACCORDANCE WITH THE DONOR'S RESTRICTIONS APPLICABLE TO FUNDS BEING DISTRIBUTED. ANNUAL DISTRIBUTIONS FROM ENDOWMENT FUNDS ARE LIMITED TO 5% OF THE AVERAGE WEIGHTED MARKET VALUE OF INVESTABLE ASSETS OF THE PAST THREE YEARS IN THE PERMANENTLY RESTRICTED FUND. EXPENDITURES ARE USED TO FURTHER THE EDUCATIONAL PURPOSES OF THE COLLEGE. Part X, Line 2: FIN 48 (ASC 740) FOOTNOTE - THE COLLEGE IS A NON-PROFIT ORGANIZATION THAT IS TAX EXEMPT UNDER SECTION 501(c)(3) OF THE INTERNAL REVENUE CODE. ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRE MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN FOR POSSIBLE RECOGNITION AND MEASUREMENT IN THE FINANCIAL STATEMENTS BASED UPON PRESCRIBED CRITERIA. MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY THE COLLEGE AND HAS CONCLUDED THAT, AS OF JUNE 30, 2017, THERE ARE NO UNCERTAIN TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE SUCH RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS. THE COLLEGE'S INFORMATIONAL AND TAX RETURNS ARE SUBJECT TO EXAMINATION BY THE IRS GENERALLY FOR THREE YEARS AFTER THEY ARE FILED. Part XI, Line 4b - Other Adjustments: SCHOLARSHIPS RECORDED AS A REDUCTION OF TUITION REVENUE ON FINANCIAL STMTS. 6,731,032. Part XII, Line 4b - Other Adjustments: SCHOLARSHIPS RECORDED AS A REDUCTION OF TUITION REVENUE ON FINANCIAL STMTS. 6,731,032. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 Schedule E, Part I, Line 3 IN ACCORDANCE WITH SECTION 4.03 OF REVENUE PROCEDURE 75-50, THE COLLEGE HAS MET THE PUBLICATION REQUIREMENT BY INCLUDING ITS RACIAL NONDISCRIMINATION POLICY IN ALL OF ITS BROCHURES AND CATALOGUES DEALING WITH STUDENT ADMISSIONS, PROGRAMS, AND SCHOLARSHIPS. THE COLLEGE ALSO POSTS ITS POLICY ON ITS WEBSITE. Schedule E, Part I, Line 6 FINANCIAL AID FROM A GOVERNMENTAL AGENCY - THE COLLEGE PARTICIPATES IN VARIOUS STATE AND FEDERAL STUDENT FINANCIAL ASSISTANCE PROGRAMS WHICH ARE REGULATED FOR COMPLIANCE BY VARIOUS GOVERNMENT DEPARTMENTS. THE COLLEGE AND ITS STUDENTS RECEIVED APPROXIMATELY $14 MILLION FOR THE YEAR ENDED JUNE 30, 2017; OF THIS AMOUNT, A SUBSTANTIAL PORTION IS UTILIZED FOR PAYMENT OF TUITION AND FEES. DURING THE COURSE OF ITS PARTICIPATION IN THE FEDERAL PERKINS LOAN PROGRAM, PERKINS NOTES RECEIVABLE ARE MADE TO STUDENTS AT A FLAT RATE ESTABLISHED BY THE DEPARTMENT OF EDUCATION, WHICH WAS FIVE PERCENT AT JUNE 30, 2017. NIGHT AT THE RACES 7915 7915 1445 1074 GALA 205038 105430 99608 6500 14124 6150 78314 212953 105430 107523 6500 15569 6150 79388 107607 -84 1 SCHOLARSHIPS 545 6731032 Part I, Line 2: MONITORING USE OF GRANT FUNDS - THE COLLEGE'S ONLY GRANT-MAKING ACTIVITY IS TO PROVIDE SCHOLARSHIPS TO THOSE STUDENTS THAT MEET CERTAIN FINANCIAL AND MERIT CRITERIA. THESE SCHOLARSHIPS ARE DEDUCTED FROM EACH RECIPIENT'S BILL FOR TUITION AND FEES. AS SUCH, THE COLLEGE IS ASSURED THAT ITS GRANTS ARE USED FOR THE INTENDED PURPOSE OF HELPING STUDENTS WITH EDUCATIONAL EXPENSES. A OHIO HIGHER EDUCATIONAL FACILITY COMMISSION 346849674 2009-06-15 8000000 EDUCATIONAL FACILITIES 0 0 0 A 8000000 94969 7905031 2010 1 0 1 1 A 0 1 1 1 0 1 0 1 A 0 0 0 1 1 1 FIRST MERIT 5.000000000000 0 1 0 0 0 A 0 X 7 43031 FMV 0 1 1 Part I, Line 32b: USE OF THIRD PARTIES - THE COLLEGE USES A BROKER TO SELL DONATED SECURITIES. THE BROKER'S FEES ARE AT OR BELOW THE FAIR MARKET VALUE OF SUCH SERVICES. Form 990, Part VI, Section A, line 6 MEMBERS OF THE CORPORATION - THE MEMBERS OF THE COLLEGE ARE THE PRESIDENT OF THE URSULINE SISTERS OF CLEVELAND AND THOSE DESIGNATED BY THE LEADERSHIP TEAM OF THE URSULINE SISTERS OF CLEVELAND. Form 990, Part VI, Section A, line 7a MEMBERS' POWER TO ELECT BOARD MEMBERS - THE MEMBERS OF THE COLLEGE HAVE THE POWER TO APPOINT ALL BOARD MEMBERS. Form 990, Part VI, Section A, line 7b DECISION APPROVAL BY THE MEMBERS - THE MEMBERS OF THE COLLEGE HAVE APPROVAL RIGHTS OVER CERTAIN MAJOR DECISIONS OF THE BOARD INCLUDING CHANGE IN MISSION, ELECTION OF TRUSTEES, AMENDMENTS TO ARTICLES OF INCORPORATION OR REGULATIONS, SALE OF ASSETS OUT OF THE ORDINARY COURSE OF BUSINESS, SALE OF SUBSTANTIALLY ALL ASSETS OF THE CORPORATION, AND THE MERGER OR DISSOLUTION OF THE CORPORATION. Form 990, Part VI, Section B, line 11b REVIEW OF FORM 990 - AFTER PREPARATION OF FORM 990 BY THE INDEPENDENT PUBLIC ACCOUNTANTS, THE FINANCE COMMITTEE REVIEWS THE RETURN EXCEPT FOR ANONYMOUS DONOR INFORMATION ON SCHEDULE B. AFTER THE COMMITTEE'S REVIEW, THE FORM 990 IS PROVIDED TO ALL BOARD MEMBERS PRIOR TO BEING FILED. Form 990, Part VI, Section B, line 11b FORM 990 PROVIDED TO THE BOARD OF TRUSTEES - BECAUSE OF THE CONFIDENTIAL NATURE OF DONOR INFORMATION, THE COLLEGE HAS CHOSEN TO NOT SHARE THE NAMES AND ADDRESSES OF ANONYMOUS DONORS LISTED ON SCHEDULE B WITH THE BOARD OF TRUSTEES. THE COLLEGE THEREFORE PROVIDED A COPY OF FORM 990 TO THE BOARD BUT REDACTED THE NAMES AND ADDRESSES OF ANONYMOUS DONORS FROM SCHEDULE B. AS SUCH, WE ARE REQUIRED TO ANSWER "NO" TO THE QUESTION ON LINE 11A OF PART VI EVEN THOUGH THE BOARD WAS GIVEN FORM 990 BEFORE IT WAS FILED. Form 990, Part VI, Section B, line 12c MONITORING AND ENFORCEMENT OF CONFLICT POLICY - THE COLLEGE REVIEWS ITS CONFLICT POLICY WITH THE BOARD ANNUALLY. ON AN ON-GOING BASIS, THE COMMITTEES OF THE BOARD INQUIRE ABOUT POTENTIAL CONFLICTS BASED UPON GENERAL KNOWLEDGE OF BUSINESS OR PERSONAL RELATIONSHIPS AMONG FELLOW BOARD MEMBERS. THE COLLEGE'S FINANCE DEPARTMENT ALSO ASSISTS WITH REVIEWING TRANSACTIONS FOR WHICH CONFLICTS MAY EXIST. WHEN A CONFLICT ARISES, THE INDIVIDUAL WITH THE CONFLICT IS NOT PERMITTED TO VOTE OR PARTICIPATE IN THE DISCUSSION OF THE PROPOSED TRANSACTION. THE DECISION ABOUT THE TRANSACTION IS MADE BY PERSONS WHO ARE INDEPENDENT OF THE PERSON WITH THE CONFLICT OF INTEREST. Form 990, Part VI, Section B, line 15 COMPENSATION DETERMINATION - THE BOARD'S FINANCE COMMITTEE REVIEWS THE COMPENSATION PROVIDED TO THE PRESIDENT AND OTHER COMPENSATED OFFICERS ANNUALLY. THE COMMITTEE UTILIZES COMPARATIVE DATA, AND THIS REVIEW WAS LAST PERFORMED IN 2017. THE MEMBERS OF THE FINANCE COMMITTEE ARE INDEPENDENT OF THE EMPLOYEES FOR WHOM COMPENSATION DECISIONS ARE BEING MADE. Form 990, Part VI, Section C, line 19 AVAILABILITY OF DOCUMENTS - THE COLLEGE DOES NOT MAKE ITS FINANCIAL STATEMENTS, CONFLICT OF INTEREST POLICY OR GOVERNING DOCUMENTS AVAILABLE TO THE GENERAL PUBLIC. URSULINE STUDENT LEARNING CENTER LLC 2550 LANDER ROAD PEPPER PIKE OH 44124 340714777 REAL ESTATE OH 0 0 URSULINE COLLEGE URSULINE SISTERS OF CLEVELAND 2600 LANDER ROAD PEPPER PIKE OH 44124 340832279 RELIGIOUS ORDER OH 501(c)(3) Line 1 N/A 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 0 0 0 URSULINE SISTERS OF CLEVELAND M 664149 FMV URSULINE SISTERS OF CLEVELAND P 385105 FMV