2018-07-11T15:20:56-05:00 2017-08-31 251408703 SCHNEIDER DOWNS & CO INC ONE PPG PLACE SUITE 1700 PITTSBURGH PA 15222 990 2016-09-01 251094922 POINT PARK UNIVERSITY POIN 4123923992 201 WOOD STREET PITTSBURGH PA 15222 BRIDGET MANCOSH SR VP OF FINANCE & OPERATIONS 4123923992 2018-07-11 1 SUSAN M KIRSCH P00341397 4122613644 2016 2022-09-23 18:48:47Z DR PAUL HENNIGAN 201 WOOD STREET PITTSBURGH PA 15222 122446045 0 X WWW.POINTPARK.EDU X 1960 PA HIGHER EDUCATION 29 27 1836 29 0 0 9178320 7067958 107618307 110580151 870925 1106212 170012 175671 117837564 118929992 38147700 36697243 0 0 41212559 44444647 27713 6305 1442273 33174994 34279751 112562966 115427946 5274598 3502046 197456568 209393112 79666051 83951348 117790517 125441764 X POINT PARK UNIVERSITY EDUCATES STUDENTS IN A DIVERSE ENVIRONMENT AND PREPARES GRADUATES TO APPLY KNOWLEDGE TO ACHIEVE THEIR GOALS, ADVANCE THEIR PROFESSIONS AND SERVE THEIR COMMUNITIES. 0 0 71283276 36151251 98988110 INSTRUCTION- INCLUDES 4 ACADEMIC SCHOOLS SERVING APPROXIMATELY 3,276 UNDERGRADUATE AND 817 GRADUATE STUDENTS, AS WELL AS PERFORMING ARTS WHICH PROVIDE APPLIED TRAINING FOR STUDENTS. INCLUDES PHYSICAL PLANT ALLOCATION. 10569649 567493 STUDENT SERVICES- INCLUDES ADMISSIONS, CAREER DEVELOPMENT, FINANCIAL AID ADMINISTRATION, REGISTRAR, STUDENT ACTIVITIES, STUDENT AFFAIRS OFFICE, AS WELL AS 13 MEN'S AND WOMEN'S INTERCOLLEGIATE ATHLETIC TEAMS. INCLUDES PHYSICAL PLANT ALLOCATION. 11639928 99333 12669 ACADEMIC SUPPORT- ACADEMIC SUPPORT ARE EXPENSES THAT PROVIDE SUPPORT FOR THE SCHOOL'S PRIMARY ACADEMIC MISSION. INCLUDES LIBRARY SERVICES, PROGRAM FOR ACADEMIC SUCCESS, INFORMATION & MEDIA CENTERS & PROVOST OFFICE & CENTER FOR TEACHING EXCELLENCE. INCLUDES PHYSICAL PLANT ALLOCATION. 9047898 446659 11011879 AUXILIARY ENTERPRISES- EXPENSES THAT SUPPORT DORMITORIES, DINING HALL, CAFE, BOOKSTORE AND RECREATION CENTER FOR STUDENTS, FACULTY AND STAFF OF THE UNIVERSITY. INCLUDES PHYSICAL PLANT ALLOCATION. 9047898 446659 11011879 102540751 1 1 0 1 0 0 0 1 0 1 1 0 0 0 1 1 1 0 1 0 1 0 1 0 1 0 0 1 1 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 1 0 0 0 1 5386 0 1 1836 1 0 0 0 0 0 1 1 0 0 X 29 27 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 PA X JAMES HARDT 4123923969 201 WOOD STREET PITTSBURGH PA 15222 DENNIS ASTORINO BOARD MEMBER 1.50 X 0 0 0 RICHARD W BOYD BOARD MEMBER 1.50 X 0 0 0 MARK BROADHURST BOARD MEMBER 1.50 X 0 0 0 DIANE BUCCO BOARD MEMBER 1.50 X 0 0 0 JAMIE CAMPOLONGO BOARD MEMBER 1.50 X 0 0 0 ANTOINE CHAMMAS BOARD MEMBER 1.50 X 0 0 0 LISA CIBIK BOARD MEMBER 1.50 X 0 0 0 ROBIN CONNOLLY BOARD MEMBER 1.50 X 0 0 0 REP PAUL COSTA BOARD MEMBER & PRT PROFESS 1.50 X 4680 0 0 GARY DEJIDAS BOARD MEMBER 1.50 X 0 0 0 DAVID DUNCAN BOARD MEMBER 1.50 X 0 0 0 KISHORE GOPAUL BOARD MEMBER 1.50 X 0 0 0 JOSEPH GRECO BOARD MEMBER 1.50 X 0 0 0 EDWARD HABERLE BOARD MEMBER 1.50 X 0 0 0 DEAN JORDAN BOARD MEMBER 1.50 X 0 0 0 TIMOTHY W MCGUIRE SR PHD BOARD MEMBER 1.50 X 0 0 0 PEGGY T MCKNIGHT BOARD MEMBER 1.50 X 0 0 0 JAMES MEREDITH BOARD MEMBER 1.50 X 0 0 0 LAFE METZ BOARD MEMBER 1.50 X 0 0 0 JOSEPH MURIN EX33117 BOARD MEMBER 1.50 X 0 0 0 DAVID J PEART BOARD MEMBER 1.50 X 0 0 0 LUCAS PIATT BOARD MEMBER 1.50 X 0 0 0 DARRELL SMALLEY BOARD MEMBER 1.50 X 0 0 0 RYAN STANA BOARD MEMBER 1.50 X 0 0 0 REP JAKE WHEATLEY BOARD MEMBER 1.50 X 0 0 0 KAREN FARMER WHITE BOARD MEMBER 1.50 X 0 0 0 DARRYL FORD WILLIAMS BOARD MEMBER 1.50 X 0 0 0 ANNE LEWIS BOARD MEMBER/CHAIR 3.00 X X 0 0 0 TODD CMOULES BOARD MEMBER/TREASURER 3.00 X X 0 0 0 DONALD JJENKINS BOARD MEMBER/V. CHAIR 3.00 X X 0 0 0 PAUL HENNIGAN EDD PRESIDENT 40.00 0.25 X 500748 0 186598 BRIDGET MANCOSH SR VP OF FIN.& OPERATIONS 40.00 0.25 X 268475 0 35706 AMY MCCALL SR VP GENERAL COUNSEL& BOARD SEC. 40.00 X 198558 0 30819 KAREN MCINTYRE EX OFFDEC'16 SR.VP ACAD/STUDENT AFFAIRS 40.00 X 256915 0 23520 JOHN H PEARSON PROVOST 40.00 X 122389 0 21778 SHARON NAVONEY VP FOR DEV & ALUMNI RELATIONS 40.00 X 172874 0 30711 GARY BRACKEN VP FOR ENROLLMENT MANAGEME 40.00 X 177197 0 35568 LISA STEFANKO VP OF HUMAN RESOURCES 40.00 X 165903 0 24544 RONALD LINDBLOM ASSOC. VP, ARTISTIC DIR. 40.00 X 160701 0 29456 DARLENE MARNICH PROFESSOR 40.00 X 140718 0 37545 TIMOTHY WILSON ASSIST VP INFORMATION TECHNOLOGY 40.00 X 136276 0 21514 ROGER CHIPMAN ASSOC. VP, ACADEMIC AFFAIRS 40.00 X 132490 0 11638 DIMITRIS KRANIOU PROFESSOR 40.00 X 142313 0 8916 2580237 0 498313 45 0 1 0 PJDICK CORP 225 N SHORE DRIVE PITTSBURGH PA 15212 CONSTRUCTION 13914820 ISS FACILITY SERVICES 908 PENN AVENUE PITTSBURGH PA 15222 CLEANING 2183321 LANDAU BUILDING CO 9855 RINAMAN ROAD WEXFORD PA 15090 CONSTRUCTION 1830739 CULINART 175 SUNNYSIDE BLVD PLAINVIEW NY 11803 FOOD SERVICE 1552115 ARAMARK 1101 MARKET STREET PHILADELPHIA PA 19107 FOOD SERVICE 1325932 27 40078 5570810 1457070 21177 7067958 TUITION & EDUC. FEES 611710 98607575 98607575 ROOM & BOARD FEES 721310 10839258 10839258 PERFORMANCES 711300 560719 560719 BOOKSTORE, CAFE & MISC. 451211 145202 145202 PROGRAM RENTAL 531390 72224 72224 355173 355173 110580151 1049493 1049493 185893 185893 3488328 3431609 56719 56719 56719 74222 40078 84444 -10222 -10222 118929992 110580151 0 1281883 99333 99333 36547910 36547910 50000 50000 2156163 546854 1401572 207737 32043850 28436703 3132886 474261 1531312 1380155 125743 25414 6300572 5553914 671808 74850 2412750 2080607 287004 45139 395352 395352 170917 170917 49594 24797 24797 6305 6305 128253 128253 4244131 3771703 408879 63549 2436652 1017910 1371975 46767 2762158 2233672 471573 56913 501911 384554 91804 25553 30932 30932 10210901 8531209 1491709 187983 1268313 1125887 102469 39957 758382 652786 80336 25260 5396874 4546667 755056 95151 201903 105436 96467 FOOD SERVICES 3060040 3000863 53609 5568 NON CAPITAL EQUIP 890782 791345 89785 9652 BAD DEBT 679510 679510 EDUCATIONAL MISC 414345 393742 18728 1875 678801 579059 74200 25542 115427946 102540751 11444922 1442273 1315999 1955978 30078966 24548221 13710087 7628647 1340328 1138772 726917 689757 1258265 1442049 216388568 84266564 111802143 132122004 36933863 39597236 250000 247874 40000 22574 197456568 209393112 8076726 9999080 10311643 9150169 48971138 52741933 110000 860000 12196544 11200166 79666051 83951348 X 76272092 98617703 30821127 15709774 10697298 11114287 117790517 125441764 197456568 209393112 X 3502046 3121908 1027293 X X 0 1 X 1 1 1 X 3236867 3422303 18185962 9178320 7067958 41091410 3236867 3422303 18185962 9178320 7067958 41091410 17091562 23999848 1133554 1232833 1233967 1208538 1235386 6044278 47135688 0.50920 0.45460 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 49594 49594 115378353 115427947 1000000 250000 0 0 1000000 1000000 1000000 1000000 4000000 6000000 49165 50613 49157 49594 198529 250000 250000 250000 250000 1000000 1500000 X 0 34215180 5171461 3581870 354316 122913 42491282 37133997 1101583 2439866 339711 6120555 34215180 37053216 1079497 -571086 308970 118660 37133997 31430019 1077487 4955820 296501 113609 37053216 27379289 2105115 2292228 284569 62044 31430019 0.57900 0.26160 0.15940 0 0 16323613 16323613 133082444 63525646 69556798 3368394 1674115 1694279 22429303 19066803 3362500 41184814 41184814 132122004 NEW MARKETS TAX CREDIT 6750000 CONDITIONAL ASSET RETIREMENT OBLIGATION 2554255 INTEREST RATE SWAP 1251752 ANNUITIES PAYABLE 52421 LOAN PROGRAM REFUNDABLE TO FEDERAL GOVERNMENT IF DISCONTINUED PROGRAM 591738 11200166 X 86928711 3121908 1111738 4233646 82695065 128253 36106674 36234927 118929992 79277463 84444 84444 79193019 128253 36106674 36234927 115427946 PART III, LINE 4: THE PRIMARY PIECE OF THE POINT PARK COLLECTION IS "FREEDOM BOUND," A SCULPTURE BY ARTIST PAIGE BRADLEY, COMMISSIONED AND DONATED BY A BOARD MEMBER. IN 2008 IT WAS INSTALLED AS PART OF THE LAWRENCE HALL LOBBY RENOVATION, WHICH INCLUDES A GRAND ENTRANCE TO THE NEWLY BUILT DANCE COMPLEX. THE UNIVERSITY HOLDS PAINTINGS AND PHOTOGRAPHS ON DISPLAY THROUGHOUT THE CAMPUS THAT WERE ALSO DONATED. PART V, LINE 4: THE UNIVERSITY'S ENDOWMENT CONSISTS OF APPROXIMATELY 50 INDIVIDUAL INVESTMENT ACCOUNTS ESTABLISHED TO FUND NUMEROUS PURPOSES. THE TOTAL ENDOWMENT CONSISTS OF TWO COLLECTIVE FUND GROUPS. IT INCLUDES BOTH DONOR-RESTRICTED ENDOWMENT FUNDS (THE "ENDOWMENT FUND") WHICH ARE CLASSIFIED AS EITHER TEMPORARILY OR PERMANENTLY RESTRICTED FUNDS, AND NON-DONOR UNRESTRICTED FUNDS THAT HAVE BEEN ESTABLISHED BY THE BOARD OF TRUSTEES (THE "BOARD") TO FUNCTION AS RESERVE-TYPE FUNDS (THE "BOARD- DESIGNATED RESERVE FUND"), WHICH ARE CLASSIFIED AS UNRESTRICTED FUNDS. AS REQUIRED BY GAAP, THE NET ASSETS OF THE UNIVERSITY'S ENDOWMENT ARE CLASSIFIED AND REPORTED BASED ON THE EXISTENCE OR ABSENCE OF DONOR-IMPOSED RESTRICTIONS. THE PURPOSE OF THE "ENDOWMENT FUND"- IS TO PRESERVE PERMANENTLY RESTRICTED DONOR GIFTS AND ACHIEVE LONG-TERM APPRECIATION TO MAIN THE ASSETS IN PERPETUITY. THE PURPOSE OF THE "BOARD- DESIGNATED RESERVE FUND"- IS TO MAINTAIN THE LIQUIDITY NECESSARY TO SUPPORT THE LONG-TERM FISCAL HEALTH OF THE UNIVERSITY. PART X, LINE 2: THE UNIVERSITY QUALIFIES AS A TAX-EXEMPT, NOT-FOR-PROFIT ORGANIZATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. ACCORDINGLY, THERE IS NO PROVISION FOR FEDERAL OR STATE INCOME TAXES. THE UNIVERSITY 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 AUGUST 31, 2017 AND 2016. PART XI, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSE: $ 84,444 CHANGE IN VALUE OF INTEREST RATE SWAP: $1,027,294 TOTAL PART XII LINE 2D: $ 1,111,738 PART XI, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID: $36,106,674 TOTAL PART XII LINE 4B: $36,106,674 PART XII, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSE: $84,444 TOTAL PART XIII LINE 2D: $84,444 PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID: $36,106,674 TOTAL PART XIII LINE 4B: $36,106,674 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 THE UNIVERSITY INCLUDES IN ITS BYLAWS AND CATALOGS A STATEMENT CONFIRMING ITS OPPOSITION TO ANY PRACTICE WHICH DEPRIVES ANY INDIVIDUAL OF RIGHTS AND PRIVILEGES BASED ON RACE, RELIGION, SEX, NATIONAL ORIGIN OR HANDICAP. THE UNIVERSITY WILL NOT AFFILIATE NOR EXTEND RECOGNITION TO ANY GROUP WHOSE POLICIES ARE DISCRIMINATORY. SCHEDULE E, PART I, LINE 6 COMMONWEALTH OF PA: HIGHER EDUCATION ASSISTANCE GRANT, CHILD DEVELOPMENT RESOURCES GRANT (PA DEPARTMENT OF WELFARE), IT'S ON US GRANT; FEDERAL: U.S. DEPARTMENT OF EDUCATION SEOG/FWS/PELL; INTERNATIONAL RURAL GENTRIFICATION GRANT, OFFICE OF WOMEN'S HEALTH GRANT 1 EUROPE (INCLUDING ICELAND & GREENLAND) - 0 0 PROGRAM SERVICES STUDY ABROAD PROGRAM 125348 EUROPE (INCLUDING ICELAND & GREENLAND) - 0 0 PROGRAM SERVICES STUDY ABROAD PROGRAM FINANCIAL AID 50000 EUROPE (INCLUDING ICELAND & GREENLAND) - 0 0 PROGRAM SERVICES FACULTY DEVELOPMENT 2749 EUROPE (INCLUDING ICELAND & GREENLAND) - 0 0 PROGRAM SERVICES MEDIA STUDIES TOUR 14795 0 0 0 0 0 0 192892 0 192892 STUDENT FINANCIAL AID EUROPE 11 50000 N/A N/A N/A 0 0 0 0 0 0 PART I, LINE 2: FINANCIAL AID AWARDS AT POINT PARK UNIVERSITY ARE DETERMINED ON THE BASIS OF ACADEMIC ACHIEVEMENT, COMMUNITY SERVICE, ARTISTIC OR ATHLETIC TALENT AND FINANCIAL NEED ELIGIBILITY. GRANTS AND LOANS ARE DISTRIBUTED USING POWERFAIDS APPLICATION AND POSTED TO STUDENT'S ACCOUNTS IN JENZABAR (HIGHER EDUCATION INFORMATION SYSTEM). ANNUALLY THE FINANCIAL AID AREA IS AUDITED BY AN INDEPENDENT ACCOUNTING FIRM. PIONEER GOLF 95000 30248 64752 56926 14301 3424 GOLF EVENT ATHLETICS 19300 9830 9470 5796 3380 617 0 114300 40078 74222 62722 17681 4041 84444 -10222 1 ALLEGHENY CONFERENCE 11 STANWIX STREET 17TH FLOOR PITTSBURGH PA 15222 250965213 501(C)(3) 31334 N/A N/A ECONOMIC DEVELOPMENT URBAN INNOVATION21 1901 CENTRE AVE SUITE 300 PITTSBURGH PA 15219 260379369 501(C)(3) 25000 N/A N/A ECONOMIC DEVELOPMENT PITTSBURGH BALLET THEATRE 2900 LIBERTY AVENUE PITTSBURGH PA 15201 237101094 501(C)(3) 15000 N/A N/A PERFORMING ARTS BROADWAY DREAMS FOUNDATION 8965 BROCKHAM WAY ALPHARETTA GA 30022 264771520 501(C)(3) 25000 N/A N/A PERFORMING ARTS 4 4 SCHOLARSHIP AID FOR HIGHER ED FOR UNDERGRADUATE AND GRADUATE STUDENTS 3095 36056674 N/A N/A HOUSING ASSISTANCE TO STUDENT RESIDENT ADVISORS 32 397160 N/A N/A SCHOLARSHIP FOR SCHOOL AGE CHILDREN TO ATTEND SUMMER DANCE PROGRAM 124 94076 N/A N/A PART I, LINE 2: FINANCIAL AID AWARDS TO STUDENTS AT POINT PARK UNIVERSITY ARE DETERMINED ON THE BASIS OF ACADEMIC ACHIEVEMENT, COMMUNITY SERVICE, ARTISTIC OR ATHLETIC TALENT AND FINANCIAL NEED ELIGIBILITY. GRANTS AND LOANS ARE DISTRIBUTED USING POWERFAIDS APPLICATION AND POSTED TO STUDENT'S ACCOUNTS IN JENZABAR (HIGHER EDUCATION INFORMATION SYSTEM). ANNUALLY THE FINANCIAL AID AREA IS AUDITED BY AN INDEPENDENT ACCOUNTING FIRM. X X X 1 1 X X X X X X 0 1 0 0 0 0 0 1 0 PAUL HENNIGAN EDD PRESIDENT 369610 0 85000 0 46138 0 91085 0 95513 0 687346 0 0 0 BRIDGET MANCOSH SR VP OF FIN.& OPERATIONS 238337 0 30000 0 138 0 18053 0 17653 0 304181 0 0 0 AMY MCCALL SR VP GENERAL COUNSEL& BOARD SEC. 192820 0 5000 0 738 0 14700 0 16119 0 229377 0 0 0 KAREN MCINTYRE EX OFFDEC'16 SR.VP ACAD/STUDENT AFFAIRS 229014 0 24000 0 3901 0 6977 0 16543 0 280435 0 0 0 SHARON NAVONEY VP FOR DEV & ALUMNI RELATIONS 172478 0 0 0 396 0 13250 0 17461 0 203585 0 0 0 GARY BRACKEN VP FOR ENROLLMENT MANAGEME 176368 0 0 0 829 0 13050 0 22518 0 212765 0 0 0 LISA STEFANKO VP OF HUMAN RESOURCES 163743 0 1500 0 660 0 4250 0 20294 0 190447 0 0 0 RONALD LINDBLOM ASSOC. VP, ARTISTIC DIR. 157905 0 1500 0 1296 0 12142 0 17314 0 190157 0 0 0 DARLENE MARNICH PROFESSOR 140354 0 0 0 364 0 7343 0 30202 0 178263 0 0 0 TIMOTHY WILSON ASSIST VP INFORMATION TECHNOLOGY 134686 0 1500 0 90 0 4080 0 17434 0 157790 0 0 0 DIMITRIS KRANIOU PROFESSOR 141302 0 0 0 1011 0 8712 0 204 0 151229 0 0 0 PART I, LINE 1A DR. PAUL HENNIGAN, PRESIDENT OF THE UNIVERSITY, IS PAID A MONTHLY HOUSING ALLOWANCE IN PLACE OF STAYING IN A HOUSE ON CAMPUS, THE STANDARD FOR COLLEGES AND UNIVERSITIES. THIS IS REPORTED AS TAXABLE INCOME. SPOUSAL TRAVEL IS NOT REIMBURSABLE PER THE UNIVERSITY'S EXPENSE REIMBURSEMENT POLICY; HOWEVER, THE PRESIDENT'S SPOUSE'S EXPENDITURES ARE REIMBURSED FOR OFFICIAL BUSINESS, ACCORDING TO THE PRESIDENT'S EMPLOYMENT CONTRACT. GENERALLY TRAVEL FOR THE PRESIDENT'S SPOUSE IS INFREQUENT. THE UNIVERSITY PAYS FOR THE DUES OF THE PRESIDENT TO BUSINESS CLUBS WHICH HAVE BEEN IDENTIFIED BY THE BOARD AS HAVING MEMBERS YIELDING SIGNIFICANT IMPACT ON FUNDRAISING AND THE UNIVERSITY'S ROLE IN THE DOWNTOWN COMMUNITY. THE PRESIDENT PARTICIPATES IN A NON-QUALIFIED DEFERRED COMPENSATION PLAN. PART I, LINE 7 NON-FIXED PAYMENTS ARE LISTED IN COLUMN (B) (II) BONUS & INCENTIVE COMPENSATION. THEY ARE DETERMINED ANNUALLY BASED ON PERFORMANCE EVALUATIONS. PART II, COLUMN D: THE NON-TAXABLE BENEFITS REPORTED ON SCHEDULE J PRIMARILY INCLUDE THE FOLLOWING: TUITION ASSISTANCE, EMPLOYER PROVIDED HEALTH INSURANCE, PARKING BENEFITS, AND QUALIFIED MOVING REIMBURSEMENT. TUITION ASSISTANCE PROGRAMS ARE A STANDARD BENEFIT PROVIDED BY COLLEGE AND UNIVERSITY EMPLOYERS TO ELIGIBLE EMPLOYEES AND THEIR FAMILY MEMBERS. THE INTERNAL REVENUE CODE (SECTION 117(D)) SPECIFICALLY PROVIDES THAT GROSS INCOME DOES NOT INCLUDE QUALIFIED TUITION BENEFITS. THE VALUE OF SUCH QUALIFIED TUITION BENEFITS DEPENDS UPON THE NUMBER OF ELIGIBLE FAMILY MEMBERS RECEIVING THE TUITION BENEFITS DURING THE YEAR. A CARROLLTOWN BOROUGH MUNICIPAL AUTHORITY 256000301 2013-11-13 10000000 SEE PART VI 0 0 0 B ALLEGHENY CO HIGHER EDU BUILDING AUTHORITY 251650137 2013-08-01 31670000 SEE PART VI 1 0 0 C MT LEBANON INDUSTRIAL DEV AUTHORITY 205476955 2007-01-19 5000000 SEE PART VI 0 0 0 D MT LEBANON INDUSTRIAL DEV AUTHORITY 205476955 2006-12-27 3830000 SEE PART VI 0 0 0 A 10000000 51895 9948105 2016 0 0 1 1 B 31392445 31670000 277525 2012 0 0 1 1 C 5000000 7250 4992750 2008 0 0 1 1 D 3830000 58500 3771500 2008 0 0 1 1 A 0 1 0 0 0 0 0 B 0 1 0 0 0 0 0 C 0 0 0 0 0 0 0 D 0 0 0 0 0 0 0 A 1 1 0 0 0 1 B 1 1 0 0 0 1 C 1 0 0 0 0 1 D 1 0 0 0 0 1 A 0 B 0 C 0 D 0 SCHEDULE K SUPPLENTAL INFORMATION ENTITY 1, PART 1, LINE A, COLUMN F: RENOVATION OF THAYER AND ACADEMIC HALL, INCLUDING CONVERSION OF CERTAIN SPACE IN THAYER HALL INTO STUDENT HOUSING AND PURCHASE OF EQUIPMENT RELATED TO CONVERSION. ENTITY 1, PART II, LINE 3, COLUMN A, LOAN IS STRUCTURED AS A TAX EXEMPT DRAW-DOWN BANK LOAN IN AN AMOUNT NOT TO EXCEEED $10,000,000. AS OF 8/31/2015, $2,550,000 WAS DRAWN-DOWN. THE CONSTRUCTION WAS SUBSTANTIALLY COMPLETED IN 2015. THE REMAINDER OF LOAN PROCEEDS WILL BE DRAWN-DOWN BY 10/31/2016. ENTITY I, PART I, LINE B, COLUMN F: FOR ACQUISITION AND RENOVATION OF STUDENT APARTMENT HOUSING, RENOVATION OF LOBBY, AND ACQUISITION OF YMCA BUILDING AND RENOVATION INTO STUDENT UNION AND ADDITIONAL CAPITAL PROJECTS. THE BONDS WERE SUBSEQUENTLY REFINANCED WITH TAX EXEMPT NOTES IN 2013. PART I, LINE C, COLUMN F: FOR PURCHASE AND RENOVATION OF A CLASSROOM/ OFFICE BUILDING AND PURCHASE OF AN OFFICE BUILDING, LOBBY RENOVATION AND LIBRARY FURNITURE. PART I, LINE D, COLUMN F: FOR PURCHASE AND RENOVATION OF A CLASSROOM/ OFFICE BUILDING AND PURCHASE OF AN OFFICE BUILDING, LOBBY RENOVATION AND LIBRARY FURNITURE. ORIGINALLY ISSUED WITH A $3,830,000 TAX EXEMPT PORTION OUT OF A TOTAL $10,000,000. THE TAXABLE PORTION WAS FULLY CONVERTED TO TAX EXEMPT ON 7/16/12. ORIGINAL $ 3,830,000 12/31/07 $ 1,084,435 10/31/08 $ 946,350 7/16/12 $ 1,470,252 ENTITY II, PART I, LINE A, COLUMN F: FOR SUPPORT OF DANCE STUDIO, A LIBRARY, A TELEVISION AND FILM STUDIO, MISCELLANEOUS CAPITAL PROJECTS ENTITY II, PART I, LINE B, COLUMN F: DANCE STUDIO COMPLEX AND VARIOUS CAPITAL EXPENDITURES ENTITY II, PART I, LINE C, COLUMN F: PITTSBURGH PLAYHOUSE A SOUTH FORK MUNICIPAL AUTHORITY 251550471 2006-07-27 10000000 SEE PART VI 0 0 0 B AUTH FOR IMPROV IN MUNICIPALITIES 251196358 2004-08-16 7000000 SEE PART VI 0 0 0 C ALLEGHENY CO HIGHER EDU BUILDING AUTHORITY 251650137 2016-05-17 14000000 SEE PART VI 0 0 0 A 10000000 64117 9935883 2007 0 0 1 1 B 7000000 74518 6925482 2006 0 0 1 1 C 14000000 50000 13950000 0 0 0 1 A 0 0 0 0 0 0 0 B 0 0 0 0 0 0 0 C 0 0 0 0 0 0 0 A 1 0 0 0 0 1 B 1 0 0 0 0 1 C 1 1 0 0 0 1 A 0 B 0 C 0 A MAHARAJA A FAMILY MEMBER OF KISHORE GOPAUL, BOARD MEMBER 126367 EMPLOYMENT 0 G MAHARAJA A FAMILY MEMBER OF KISHORE GOPAUL, BOARD MEMBER 28524 EMPLOYMENT 0 FORM 990, PART VI, SECTION A, LINE 1 THE EXECUTIVE COMMITTEE SHALL EXERCISE ALL POWERS OF THE BOARD OF TRUSTEES WHEN THE BOARD IS NOT IN SESSION EXCEPT THAT IT MAY NOT: (I) ALIENATE OR ENCUMBER THE REAL ESTATE OR ENDOWMENTS OF THE UNIVERSITY, (II) ENTER INTO FINANCIAL ARRANGEMENTS OR COMMITMENTS WHICH WOULD HAVE A MAJOR EFFECT ON THE UNIVERSITY, (III) SELECT THE PRESIDENT OF THE UNIVERSITY, (IV) ELECT MEMBERS OR OFFICERS OF THE BOARD OF TRUSTEES, OR (V) COMMIT THE UNIVERSITY TO PAYMENTS IN EXCESS OF AVAILABLE REVENUES, UNLESS SPECIFICALLY AUTHORIZED TO DO SO BY THE BOARD. FORM 990, PART VI, SECTION B, LINE 11B THE RETURN IS PREPARED BY THE UNIVERSITY'S BUSINESS OFFICE. IT IS REVIEWED BY AN INDEPENDENT ACCOUNTING FIRM. THE AUDIT COMMITTEE OF THE BOARD OF DIRECTORS CONDUCTS A REVIEW ON BEHALF OF THE BOARD. THE FINAL COPY IS SENT TO ALL VOTING MEMBERS OF THE BOARD BEFORE IT IS FILED. FORM 990, PART VI, SECTION B, LINE 12C CONTAINED WITHIN THE UNIVERSITY'S WRITTEN CODE OF CONDUCT IS THE CONFLICT OF INTEREST POLICY, WHICH IS DISTRIBUTED ANNUALLY TO THE BOARD OF TRUSTEES, AS WELL AS TO ALL FULL-TIME AND PART-TIME EMPLOYEES AND IS AVAILABLE ON THE UNIVERSITY'S WEBSITE. THE CONFLICT OF INTEREST STATEMENT THAT IS SIGNED BY DIRECTORS AND OFFICERS STATES, "I ACKNOWLEDGE AN ONGOING RESPONSIBILITY TO DISCLOSE POTENTIAL CONFLICTS OF INTEREST AS THEY MAY ARISE." BOARD MEMBERS COMPLETE A 'CONFLICT OF INTEREST STATEMENT' ANNUALLY. THE POLICY MAKES CLEAR THAT NOT ALL CONFLICTING INTERESTS ARE PROHIBITED. EACH REPORTED CONFLICT IS EVALUATED TO MAKE CERTAIN THAT DIRECTORS AND OFFICERS PRIMARY OBLIGATION TO THE UNIVERSITY IS NOT COMPROMISED. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD IS RESPONSIBLE FOR HIRING THE PRESIDENT, AND THE EXECUTIVE COMMITTEE OF THE BOARD ACTS AS THE COMPENSATION COMMITTEE FOR DETERMINING THE PRESIDENT'S ANNUAL GOALS, OBJECTIVES, PERFORMANCE AND COMPENSATION. THE RULES ARE SET FORTH IN THE UNIVERSITY'S BYLAWS, ARTICLE VI, SECTION 2, PARAGRAPH 5. "THE EXECUTIVE COMMITTEE SHALL ALSO ACT AS THE COMPENSATION COMMITTEE FOR PURPOSES OF APPROVING THE PRESIDENT'S ANNUAL GOALS AND OBJECTIVES, EVALUATING THE PRESIDENT'S ANNUAL PERFORMANCE, AND DETERMINING THE PRESIDENT'S ANNUAL COMPENSATION. THE EXECUTIVE COMMITTEE IN THIS ROLE SHALL ADHERE TO ALL APPLICABLE STANDARDS PROMULGATED BY THE IRS WITH RESPECT TO COMPENSATION PAYABLE BY EXEMPT ORGANIZATIONS. THE PRESIDENT SHALL NOT BE PRESENT WHILE THE EXECUTIVE COMMITTEE DELIBERATES ON THE COMPENSATION, GOALS, AND OBJECTIVE, OR PERFORMANCE OF THE PRESIDENT. THE EXECUTIVE COMMITTEE SHALL ALSO PROVIDE ADVICE TO THE PRESIDENT REGARDING THE ANNUAL GOALS AND OBJECTIVES, PERFORMANCE, AND COMPENSATION OF THE PRESIDENT'S EXECUTIVE OFFICERS. THE BOARD CHAIR WILL REPORT TO THE BOARD, AS APPROPRIATE, CONCERNING THE EXECUTIVE COMMITTEE'S DELIBERATIONS AS THE COMPENSATION COMMITTEE." THE UNIVERSITY REGULARLY EMPLOYS THE SERVICES OF AN INDEPENDENT FIRM TO DO AN EXECUTIVE BENCHMARKING STUDY AND IMPLEMENT A PEER REVIEW PROCESS (SIMILAR TO THE PROCESS FOR FACULTY AND STAFF) FOR THE COMPENSATION OF THE PRESIDENT AND OTHER OFFICERS AND KEY EMPLOYEES IN ORDER TO HELP ADVISE THE COMPENSATION COMMITTEE. IN GENERAL THE HUMAN RESOURCES DEPARTMENT USES SURVEYS FROM CUPA-HR [COLLEGE & UNIVERSITY PROFESSIONAL ASSOC.] FOR STAFF AND FACULTY TO BENCHMARK COMPENSATION. FORM 990, PART VI, SECTION C, LINE 19 THE CONFLICT OF INTEREST POLICY IS AVAILABLE ONLINE AS A COMPONENT OF THE UNIVERSITY'S CODE OF CONDUCT. THE GOVERNING DOCUMENTS ARE AVAILABLE UPON REQUEST. THE FINANCIAL STATEMENTS ARE NOT AVAILABLE TO THE PUBLIC. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF INTEREST RATE SWAP: 1,027,293. FORM 990, PART XI, QUESTION 2C THE ORGANIZATION'S FINANCIAL STATEMENTS ARE AUDITED BY AN INDEPENDENT ACCOUNTING FIRM. IN ADDITION, THE ORGANIZATION HAS A COMMITTEE THAT ASSUMES THE RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND ITS SELECTION OF THE INDEPENDENT ACCOUNTANT. THIS PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. FORM 990 PART I, LINE 5 FULL TIME STAFF 314 FULL TIME FACULTY 153 PART TIME FACULTY 376 PART TIME STAFF 186 PART TIME STUDENTS 807 TOTAL EMPLOYEES 1836 POINT PARK UNIVERSITY FOUNDATION 201 WOOD STREET PITTSBURGH PA 15222 473515830 TO PROMOTE, SUPPORT, AND FURTHER THE PURPOSES OF POINT PARK UNIVERSITY PA 501(C)(3) 509(A)(3) POINT PARK UNIVERSITY 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0