2018-03-01T14:52:58-06:00 2017-06-30 251408703 SCHNEIDER DOWNS & CO INC ONE PPG PLACE SUITE 1700 PITTSBURGH PA 15222 990 2016-07-01 250965557 SETON HILL UNIVERSITY SETO 7248342200 ONE SETON HILL DRIVE GREENSBURG PA 15601 MARY C FINGER ED D PRESIDENT 7248342200 2018-02-21 1 SUSAN M KIRSCH P00341397 4122613644 208.79.164.82 2018-02-21 18:14:43 ES P 810C45B0235CE8481B818E3C03D79AF1C34D2A4A 3B502A57C714F59E6E729A51998A485E5ADC667C 2016 2021-01-29 14:40:06Z MARY C FINGER ED D ONE SETON HILL DRIVE GREENSBURG PA 15601 80498593 0 X WWW.SETONHILL.EDU X 1885 PA COMPREHENSIVE INSTITUTION OF HIGHER LEARNING PROVIDING UNDERGRADUATE & GRADUATE STUDENT EDUCATION 31 29 1230 47 0 0 5907474 4303438 72199049 72342507 1955307 1045364 205742 111250 80267572 77802559 27778590 26754606 0 0 26701021 26694154 0 0 902775 21943130 22311479 76422741 75760239 3844831 2042320 142560497 154667192 35587901 42381970 106972596 112285222 X COMPREHENSIVE INSTITUTION OF HIGHER LEARNING PROVIDING UNDERGRADUATE AND GRADUATE STUDENT EDUCATION. 0 0 72746597 26754606 72342507 SETON HILL UNIVERSITY IS A CATHOLIC LIBERAL ARTS UNIVERSITY LOCATED IN SOUTHWESTERN PENNSYLVANIA. ITS PURPOSE IS TO BE A FOSTERING COMMUNITY OF TEACHERS AND LEARNERS COMMITTED TO THE STUDY OF LIBERAL ARTS AND SCIENCES.THE UNIVERSITY'S EDUCATIONAL OFFERINGS INCLUDE MAJOR COURSES OF STUDY IN EDUCATION, HUMANITIES, NATURAL SCIENCES, SOCIAL SCIENCES, AND VISUAL AND PERFORMING ARTS; BOTH AT THE UNDERGRADUATE AND GRADUATE LEVEL. IN ADDITION TO THE OFFERINGS OF A LIBERAL ARTS EDUCATION, SETON HILL RECOGNIZES THE NEED FOR QUALIFIED HEALTH CARE PROFESSIONALS, PARTICULARLY IN THE PRIMARY CARE FIELDS IN RURAL AND UNDERSERVED AREAS. TO HELP FILL THIS NEED, SETON HILL OFFERS A PHYSICIAN ASSISTANT PROGRAM AND ALSO HAS A CO-OPERATIVE DEGREE PROGRAM WITH THE LAKE ERIE COLLEGE OF OSTEOPATHIC MEDICINE (LECOM).- SETON HILL OFFERS TWO DEGREES IN THE PHYSICIAN ASSISTANT CURRICULUM: A COMBINED BACHELOR OF SCIENCE/MASTER OF SCIENCE PROGRAM AND A MASTER OF SCIENCE PROGRAM. THROUGH THE PHYSICIAN ASSISTANT PROGRAM AT SETON HILL UNIVERSITY, STUDENTS ARE EXPOSED TO A BROAD RANGE OF ACADEMIC EXPERIENCES AND HANDS-ON CLINICAL PRACTICE. - SETON HILL'S COOPERATIVE DEGREE PROGRAM WITH THE LAKE ERIE COLLEGE OF OSTEOPATHIC MEDICINE (LECOM) ENABLES QUALIFYING SETON HILL FRESHMEN TO ALSO RESERVE A SEAT IN A MEDICAL SCHOOL LOCATED ON SETON HILL'S CAMPUS - AND TO EARN BOTH AN UNDERGRADUATE B.S. DEGREE AND A D.O. MEDICAL DEGREE IN AS LITTLE AS SEVEN YEARS.ALONG WITH ITS HEALTH CARE PROGRAMS, SETON HILL UNIVERSITY ALSO OFFERS AN ORTHODONTIC MASTERS DEGREE ACCREDITED BY THE AMERICAN DENTAL ASSOCIATION. THROUGH THIS PROGRAM, THE UNIVERSITY OPERATES A CENTER FOR ORTHODONTICS THAT OFFERS AFFORDABLE ORTHODONTIC TREATMENT FOR PATIENTS OF ALL AGES. MEDICAL ASSISTANCE PATIENTS ARE WELCOME, AND THE CENTER ACCEPTS ALL INSURANCE PLANS. THE UNIVERSITY'S STUDENT BODY IS DIVERSE, COMING FROM ALL WALKS OF LIFE, AND INCLUDES 48 INTERNATIONAL STUDENTS. APPROXIMATELY 19% OF THE FRESHMAN CLASS OF THE 2016-17 ACADEMIC YEAR WERE NON-CAUCASIAN.IN ADDITION TO SERVING THE TRADITIONAL UNDERGRADUATE AGED STUDENT, THE UNIVERSITY ALSO OFFERS THE OPPORTUNITY FOR NON-TRADITIONAL AGED ADULT LEARNERS TO PURSUE A DEGREE THROUGH ITS ADULT DEGREE PROGRAM. THIS INITIATIVE IS CURRENTLY SERVING 137 ADULTS FROM THE COMMUNITY.SETON HILL UNIVERSITY OFFERS A FINANCIAL AID PROGRAM TO THEIR STUDENTS THAT IS DESIGNED TO HELP STUDENTS WHO WOULD FIND IT DIFFICULT OR IMPOSSIBLE TO ATTEND COLLEGE WITHOUT SOME FINANCIAL ASSISTANCE. THE UNIVERSITY OFFERS A COMPREHENSIVE PROGRAM OF FINANCIAL AID IN THE FORM OF SCHOLARSHIPS, GRANTS, LOANS, PART-TIME EMPLOYMENT, AND DEFERRED PAYMENT SCHEDULES AND COORDINATES PROGRAMS FROM THE FEDERAL AND STATE FINANCIAL AID PROGRAMS. ANY OF THESE FORMS OF FINANCIAL AID MAY BE OFFERED SINGLY OR IN VARIOUS COMBINATIONS TO A STUDENT. THE AMOUNT OF FINANCIAL AID AN APPLICANT RECEIVES IS BASED ON THE DIFFERENCE BETWEEN THE TOTAL COSTS AND THE AMOUNT THE STUDENT AND FAMILY ARE ABLE TO CONTRIBUTE TOWARD COSTS AS DETERMINED BY THE NEEDS ANALYSIS. DURING THE FISCAL YEAR ENDING JUNE 30, 2017 THE UNIVERSITY AWARDED IN EXCESS OF $26,754,000 IN AID TO ITS STUDENTS. THE UNIVERSITY IS AN ACTIVE PARTICIPANT IN THE TRADE ADJUSTMENT ACT. DURING THE FISCAL YEAR ENDING JUNE 30, 2017 THERE WERE 7 ADULT STUDENTS WHO WERE ENROLLED AT SETON HILL UNDER THIS PROGRAM FOR DISPLACED WORKERS. THE UNIVERSITY ALSO SERVED 50 VETERANS UNDER THE CHAPTER 33 POST 911 GI BILL. IN ADDITION TO SERVING THE COMMUNITY AS A LIBERAL ARTS SCHOOL OF HIGHER EDUCATION, THE UNIVERSITY ALSO SERVES THE COMMUNITY BY OFFERING A CHILD DEVELOPMENT CENTER FOR PRESCHOOL AGED STUDENTS. CURRENTLY, THERE ARE APPROXIMATELY 30 CHILDREN ENROLLED IN THIS SERVICE.SETON HILL UNIVERSITY HAS ALSO PARTNERED WITH THE CITY OF GREENSBURG, WESTMORELAND COUNTY, AND THE GREENSBURG SALEM SCHOOL DISTRICT OFFERING A CENTER FOR PERFORMING ARTS, LOCATED IN DOWNTOWN GREENSBURG. THE FACILITY ENABLES THE UNIVERSITY TO IMPLEMENT PROGRAMS IN THIS FIELD. THE CENTER ALSO DRAWS VISITORS AND SCHOOL AGED YOUTH FROM AROUND THE REGION TO MUSICAL AND THEATRICAL PRODUCTIONS. IN ADDITION TO ITS COLLEGE LEVEL MUSIC PROGRAM, THE UNIVERSITY ALSO SERVES 700 YOUTH AND ADULT STUDENTS THROUGH ITS COMMUNITY ARTS PROGRAM. THE UNIVERSITY SUBSIDIZES THESE PROGRAMS, AS THE TUITION CHARGED DOES NOT COVER THE ENTIRE COST OF OPERATING THESE PROGRAMS. 72746597 1 1 0 1 0 0 0 1 0 1 1 0 0 0 1 1 0 1 1 0 1 0 0 0 1 0 0 1 1 1 1 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 1 1 1 0 0 1 3849 0 1 1230 1 0 0 0 0 0 0 0 0 0 0 X 31 29 0 0 0 0 0 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 PA X PAUL EDSALL 7248384215 ONE SETON HILL DRIVE GREENSBURG PA 15601 X CARMEN BAUZA TRUSTEE 0.30 0.00 X 0 0 0 ROBIN BECK TRUSTEE 1.00 0.00 X 0 0 0 BARBARA BOSS SC TRUSTEE 1.20 0.00 X 0 0 0 JAMES R BREISINGER TRUSTEE 4.60 0.10 X 0 0 0 LAWRENCE BUSCH TRUSTEE 0.40 0.00 X 0 0 0 LAURIE A CARROLL TRUSTEE 0.80 0.00 X 0 0 0 KEVIN COLOSIMO TRUSTEE 1.40 0.00 X 0 0 0 SARA CUTTING TRUSTEE 0.60 0.00 X 0 0 0 ROBERT DEMICHIEI TRUSTEE 1.70 0.00 X 0 0 0 MARGRET DIVIRGILIO TRUSTEE 1.10 0.00 X 0 0 0 LYN MARIE DWYER SC TRUSTEE 1.20 0.00 X 0 0 0 BARBARA EINLOTH SC TRUSTEE 0.80 0.00 X 0 0 0 PATRICIA GABOW TRUSTEE 0.90 0.00 X 0 0 0 MATTHEW GALANDO TRUSTEE 0.90 0.00 X 0 0 0 COLETTE HANLON SC TRUSTEE 0.90 0.10 X 0 0 0 GRACE HARTZOG SC TRUSTEE 0.60 0.00 X 0 0 0 H PHIPPS HOFFSTOT III TRUSTEE 1.00 0.00 X 0 0 0 SUSAN JENNY SC TRUSTEE 1.60 0.00 X 0 0 0 MARY NORBERT LONG SC TRUSTEE 1.60 0.00 X 0 0 0 MIRIAM MURRAY TRUSTEE 0.90 0.00 X 0 0 0 MARY J MUTSCHLER SC TRUSTEE 0.90 0.00 X 0 0 0 PATRICIA O'DONOGHUE TRUSTEE 1.60 0.00 X 0 0 0 REBECCA C SNYDER TRUSTEE 6.30 0.00 X 0 0 0 JAMES STALDER TRUSTEE 0.40 0.00 X 0 0 0 KAREN FARMER WHITE TRUSTEE 4.60 0.00 X 0 0 0 DANIEL J WUKICH SR TRUSTEE 2.40 0.00 X 0 0 0 RUTH O GRANT CHAIR 9.10 0.00 X X 0 0 0 BISHOP EDWARD MALESIC HONORARY CHAIR/EX-OFFICIO 0.00 0.00 X X 0 0 0 CATHERINE MEINERT SC VICE CHAIR 7.70 0.10 X X 0 0 0 LOUISE GRUNDISH SC SECRETARY 1.20 0.00 X X 0 0 0 MARY C FINGER ED D PRESIDENT 55.00 0.10 X X 476044 0 101837 CAROL BILLMAN ASSISTANT SECRETARY 40.00 0.10 X 78311 0 7343 PAUL EDSALL VP FOR FINANCE, CFO (EFF 10/16) 55.00 0.10 X 141799 0 45405 CHRISTINE MUESELER VP FOR INSTITUTIONAL ADVAN 55.00 0.00 X 173023 0 37347 BRETT FRESHOUR VP FOR ENROLLMENT MANAGEMENT 55.00 0.00 X 154501 0 75420 IMOGENE CATHEY GENERAL COUNSEL 55.00 0.00 X 185721 0 33772 DANIEL J RINCHUSE PROG. DIR. & PROFESSOR, ORTHODONTICS 55.00 0.00 X 248449 0 34126 DANIEL DIBAGNO - ASST PROF ORTHODONTICS/DIR CLINICAL TRAINING 55.00 0.00 X 180849 0 29055 JOHN STOCKSTILL PROFESSOR ORTHODONTICS 55.00 0.00 X 191204 0 9807 MELISSA ALSING CHIEF INFORMATION OFFICER 55.00 0.00 X 148500 0 25775 DAVID MYRON FORMER OFFICER 0.00 0.00 X 189734 0 22345 MARY ANN GAWELEK FORMER KEY EMPLOYEE 0.00 0.00 X 180184 0 15738 2348319 0 437970 10 1 1 0 ARAMARK INC PO BOX 198532 ATLANTA GA 303848532 FOOD SERVICE 3143523 PJ DICK INCORPORATED 225 NORTH SHORE DRIVE PITTSBURGH PA 15212 CONSTRUCTION 709790 EWINGCOLE INC 100 NORTH SIXTH ST PHILADELPHIA PA 191061590 ARCHITECTS 582658 FIRST STUDENT INC 24179 NETWORK PLACE CHICAGO IL 606731241 TRANSPORTATION SERVICE 405182 MLAKER TRANSPORTATION 1976 VALLEY VIEW DRIVE DAVIDSON PA 15928 TRANSPORTATION SERVICE 291022 11 1584720 2718718 1313761 4303438 TUITION & FEES 611710 59129928 59129928 ROOM & BOARD 611710 9034972 9034972 OTHER AUXILIARY 722320 2109608 2109608 ORTHODONTIC PROGRAM 900099 1189413 1189413 STUDENT ACTIVITIES/OTHER PROGRAMS 611710 878586 878586 72342507 511985 511985 158837 87288 71549 71549 71549 3098686 2565307 533379 533379 533379 73536 39257 34279 34279 9604 4182 5422 5422 77802559 72342507 0 1156614 30000 30000 26724606 26724606 1657240 1133845 460643 62752 329737 329737 19102465 17963156 713320 425989 699070 610126 62247 26697 3535230 3285946 166940 82344 1370412 1277504 59839 33069 36875 36875 94682 94682 24709 24709 208922 208922 3683786 3569703 31156 82927 792524 780024 12500 5016611 4922706 41133 52772 971248 911868 59380 2005935 1980457 25478 1467745 1339912 78434 49399 893276 893276 5130099 5130099 457805 457305 500 MEMBERSHIPS/SUBSCRIPT. 353093 335718 17371 4 BAD DEBTS 318206 318206 GIFTS IN KIND 310259 310259 STUDENT EVENTS 283114 283114 0 0 262590 218261 42365 1964 75760239 72746597 2110867 902775 530687 467614 1592770 6344243 2934939 1408530 5339043 4994414 1650416 1579922 18951 30640 189162 546697 156461672 56660482 95067661 99801190 27748421 31884588 6365218 6837838 1123229 771516 142560497 154667192 2778039 3976555 4775390 4233799 24923277 31639668 1589603 958251 1521592 1573697 35587901 42381970 X 32955903 35779818 54048432 55444787 19968261 21060617 106972596 112285222 142560497 154667192 2042320 3270306 0 X X 0 1 X 1 1 1 X 14512999 6466197 11783233 5907474 4303438 42973341 14512999 6466197 11783233 5907474 4303438 42973341 7133842 35839499 474840 463559 281024 647454 670822 2537699 1245 1245 45512285 344424870 0.78750 0.79680 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X 0 24709 24709 75735530 75760239 1000000 250000 0 0 1000000 1000000 1000000 1000000 4000000 6000000 33110 9000 24709 66819 250000 250000 250000 250000 1000000 1500000 X X X X 0 33148081 2262383 4068768 1654262 37824970 33888211 601033 -861619 479544 33148081 34243856 730092 -478793 551903 55041 33888211 32873542 531962 4635959 1214234 2583373 34243856 30041844 1376957 2801953 1319409 27803 32873542 0.25270 0.55680 0.19050 0 0 298668 298668 82874162 26516366 56357796 36199761 4718934 31480827 18952118 13173209 5778909 18136963 12251973 5884990 99801190 DEPOSITS HELD FOR OTHERS 103167 STUDENT DEPOSITS 480915 LAND LEASE OBLIGATION 228144 STUDENT LOAN ADVANCES 761471 1573697 X 54243588 3270306 3523 130728 3404557 50839031 208922 26754606 26963528 77802559 48930962 3523 130728 134251 48796711 208922 26754606 26963528 75760239 PART III, LINE 1A: THE UNIVERSITY'S COLLECTIONS INCLUDE RELIGIOUS ICONS, PAINTINGS, PRINTS, PHOTOGRAPHS, SCULPTURES, DRAWINGS AND WATERCOLORS, AND DECORATIVE ARTS. THESE ITEMS ARE HELD FOR EDUCATIONAL, RESEARCH, SCIENTIFIC AND CURATORIAL PURPOSES. EACH OF THE ITEMS IS CATALOGED, PRESERVED AND CARED FOR, AND ACTIVITIES VERIFYING THEIR EXISTENCE AND ASSESSING THEIR CONDITION ARE PERFORMED CONTINUOUSLY. PURCHASES OF COLLECTION ITEMS ARE RECORDED AS OPERATING EXPENDITURES IN THE YEAR IN WHICH THE ITEMS ARE ACQUIRED. CONTRIBUTED COLLECTION ITEMS ARE NOT REFLECTED IN THE FINANCIAL STATEMENTS. PART III, LINE 4: THE ART COLLECTION OF SHU CONSISTS PRIMARILY OF THE BRAEMER MADONNA COLLECTION, THE LYNCH ETCHINGS, THE ART DEPARTMENT PRINT COLLECTION, AND THE RELIGIOUS STATUARY, ICONOGRAPHY & REALIA. THE BRAEMER MADONNA COLLECTION COMPRISES OVER A HUNDRED PIECES INCLUDING PAINTINGS, RELIEFS, SCULPTURES AND FURNITURE. THE LYNCH ETCHINGS RANGE FROM A PIECE BY REMBRANDT TO LOCAL ARTISTS. THE COLLECTION OF PRINTS MAINTAINED BY THE ART DEPARTMENT INCLUDE NUMBERED PIECES BY NATIONALLY KNOW PRINTMAKERS FROM THE 1960'S-1980'S, AND A WIDE COLLECTION OF PRINTS BY SETON HILL STUDENTS. THERE IS ALSO A WIDE VARIETY OF RELIGIOUS STATUARY RANGING FROM A CAST ANGEL AND CHILD WHICH WELCOMED PEOPLE TO THE HILL SINCE 1892 TO PIECES DEPICTING MARY, JOSEPH AND ELIZABETH ANN BAYLEY SETON. SETON HILL IS ALSO HOME TO SEVERAL SCULPTURES OF JOSEPHA FILKOSKY, A FORMER FACULTY MEMBER. A LARGE NUMBER OF THE PIECES IN THE SHU COLLECTIONS ARE ON EXHIBIT THROUGHOUT THE UNIVERSITY AT ANY GIVEN TIME. AS WELL, THE PIECES ARE USED FOR HANDS ON TRAINING IN PRESERVATION AND RESTORATION FOR ART INTERNS. PART V, LINE 4: IT IS THE POLICY OF THE UNIVERSITY TO PROTECT AND GROW THE VALUE OF ITS INVESTMENT ASSETS. THE UNIVERSITY THEREFORE ATTEMPTS TO MINIMIZE ALL RISKS INHERENT TO THE INVESTMENT PROCESS THROUGH PROPER DIVERSIFICATION. THE ASSET ALLOCATION AND SPENDING POLICIES SHALL SEEK TO PRODUCE A NET, INFLATION-ADJUSTED, POSITIVE RETURN AFTER SPENDING. THE ASSET ALLOCATION POLICY SHALL BE CONSISTENT WITH THE INVESTMENT OBJECTIVES OF THE ENDOWMENT AND ARE BASED ON THE CAPITAL MARKET ASSUMPTIONS LISTED BELOW. THE TARGET ASSET ALLOCATION FOR THE MAIN ENDOWMENT PORTFOLIOS SHALL BE 70% EQUITY AND 30% FIXED-INCOME WITH A VARIATION OF 5% ABOVE OR BELOW THESE TARGETS FOR EACH CLASSIFICATION. CHANGES IN THE VARIATION AROUND THE TARGET ALLOCATIONS WILL BE MADE BY THE ASSET MANAGER IN CONSULTATION WITH THE INVESTMENT MANAGER. IT IS THE GENERAL INTENT OF AND POLICY OF THE UNIVERSITY TO PROMOTE THE INTERNAL GROWTH OF ITS ENDOWMENT ASSETS IN SUCH A MANNER SO THAT THE POTENTIAL INCOME THAT CAN BE GENERATED FROM THE INCREASED SIZE OF THIS PORTFOLIO WILL REPRESENT A SIGNIFICANT CONTRIBUTION TO THE UNIVERSITY'S FISCAL WELL-BEING. THIS INTERNAL PORTFOLIO GROWTH WILL BE REINFORCED WHENEVER POSSIBLE BY THE APPROPRIATE REINVESTMENT OF INCOME AND CAPITAL GAINS. WITHIN THIS GENERAL INTENT, THE UNIVERSITY HAS ADOPTED A TOTAL RETURN POLICY FOR THE ENDOWMENT ASSETS AND IS, THEREFORE, ELECTING TO ADOPT THE TOTAL RETURN POLICY UNDER ACT 141 AS IT IS INCORPORATED IN TITLE 15, AND 5548 OF THE PENNSYLVANIA CONSOLIDATED STATUTES ANNOTATED. IT HAS BEEN THE GENERAL POLICY OF THE UNIVERSITY UNDER ACT 141 TO TREAT 7% OF THE FAIR MARKET VALUE OF THE ENDOWMENT ASSETS AS INCOME EACH YEAR. IN NO WAY IS THIS GENERAL POLICY MEANT TO UNDULY DEPLETE PORTFOLIO ASSETS OR TO IMPAIR THE PRESERVATION OF THE PURCHASING POWER OF THE INVESTED FUNDS. IN ORDER TO PROTECT AGAINST SUCH ASSET DEPLETION, IT SHALL BE THE RESPONSIBILITY OF THE BOARD TO ANNUALLY REVIEW AND ADJUST THIS POLICY TO FIT CURRENT BUDGETARY CONDITIONS, ACTUAL RETURNS OF THE PORTFOLIO, AND THE NEEDS OF THE UNIVERSITY. CURRENTLY, THE UNIVERSITY WILL NOT DRAW DOWN ON AN ENDOWMENT FUND, IF THE DRAW WILL CAUSE THE MARKET VALUE OF THE FUND TO DROP BELOW THE CORPUS VALUE. PART X, LINE 2: THE UNIVERSITY HAS BEEN DETERMINED TO BE EXEMPT FROM FEDERAL INCOME TAXES UNDER THE PROVISIONS OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE OF 1986 (IRC) AND HAS FURTHER BEEN CLASSIFIED AS AN ORGANIZATION THAT IS NOT A PRIVATE FOUNDATION IN ACCORDANCE WITH SECTIONS 170(B)(1)(A)(II) AND 509(A)(1) OF THE IRC. PROPERTIES HAS BEEN DETERMINED TO BE A TYPE I SUPPORTING ORGANIZATION UNDER SECTION 509(A)(3) OF THE IRC. AS A RESULT, NO PROVISION FOR TAXES HAS BEEN MADE IN THE ACCOMPANYING COMBINED FINANCIAL STATEMENTS. THE UNIVERSITY FOLLOWS THE INCOME TAXES TOPIC OF THE FASB CODIFICATION, CLARIFYING THE ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES RECOGNIZED IN AN ENTITY'S FINANCIAL STATEMENTS. THIS TOPIC REQUIRES A RECOGNITION THRESHOLD AND MEASUREMENT PRINCIPLES FOR FINANCIAL STATEMENT DISCLOSURES OF TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN ON A TAX RETURN. THE UNIVERSITY HAS ASSESSED THE TAX POSITIONS IT HAS TAKEN OR EXPECTS TO TAKE IN ITS TAX RETURNS, AND NO LIABILITY FOR UNCERTAIN TAX POSITIONS HAS BEEN RECORDED; FURTHER, THE UNIVERSITY HAS NO UNRECOGNIZED TAX BENEFITS. THE UNIVERSITY IS NO LONGER SUBJECT TO EXAMINATION OF ITS TAX RETURNS FOR YEARS BEFORE 2014. PART XI, LINE 2D - OTHER ADJUSTMENTS: RECLASS OF FUNDRAISING/GAMING EXPENSES 43,440. RENTAL EXPENSE 87,288. PART XI, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS AND GRANTS 26,754,606. PART XII, LINE 2D - OTHER ADJUSTMENTS: RECLASS OF FUNDRAISING/GAMING EXPENSES 43,440. RENTAL EXPENSE 87,288. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS AND GRANTS 26,754,606. 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 NONDISCRIMINATION POLICY IS POSTED ON THE SCHOOL'S WEBSITE, AND IS INCLUDED IN ADVERTISEMENTS FOR EMPLOYMENT. SCHEDULE E, PART I, LINE 6 SETON HILL UNIVERSITY RECEIVES GRANTS FROM FEDERAL AND STATE AGENCIES TO SUPPORT ITS EDUCATIONAL MISSION. EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 PROGRAM SERVICES STUDENTS TRAVELING ABROAD AS PART OF THEIR COURSE WORK 151815 EAST ASIA AND THE PACIFIC 0 0 PROGRAM SERVICES STUDENTS TRAVELING ABROAD AS PART OF THEIR COURSE WORK 12825 CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENTS 6569363 0 0 0 0 0 0 6734003 0 6734003 1 0 1 1 1 0 FUNDRAISING 73536 73536 3353 375 20417 15112 73536 73536 3353 375 20417 15112 39257 34279 1 CITY OF GREENSBURG 416 SOUTH MAIN ST GREENSBURG PA 15601 256058560 GOVERNMENT 30000 0 N/A N/A GENERAL SUPPORT 1 0 SCHOLARSHIPS AND UNIVERSITY GRANTS 1525 26724606 0 N/A N/A PART I, LINE 2: THE MAJORITY OF GRANT FUNDS AWARDED BY THE UNIVERSITY ARE IN THE FORM OF FINANCIAL AID TO ITS STUDENTS. THE ORGANIZATION'S FINANCIAL AID OFFICE AWARDS NEED AND MERIT BASE AID BASED ON THE CRITERIA ESTABLISHED BY THE UNIVERSITY. THE FINANCIAL AID PROGRAM AT SETON HILL UNIVERSITY ASSISTS STUDENTS WHO WOULD FIND IT DIFFICULT OR IMPOSSIBLE TO ATTEND COLLEGE WITHOUT SOME FINANCIAL ASSISTANCE. THE UNIVERSITY OFFERS A COMPREHENSIVE PROGRAM OF FINANCIAL AID IN THE FORM OF SCHOLARSHIPS, GRANTS, LOANS, PART-TIME EMPLOYMENT, AND DEFERRED PAYMENT SCHEDULES, AND COORDINATES ITS PROGRAMS WITH THE FEDERAL AND STATE FINANCIAL AID PROGRAMS. ANY OF THESE FORMS OF FINANCIAL AID MAY BE OFFERED INDEPENDENTLY OR IN VARIOUS COMBINATIONS TO A STUDENT. THE FINANCIAL AID OFFICE ESTIMATES THE COST OF ATTENDING SETON HILL UNIVERSITY BY ADDING TUITION, ROOM, BOARD AND FEES PLUS AN ESTIMATE FOR BOOKS, SUPPLIES, TRANSPORTATION FROM HOME TO SCHOOL AND PERSONAL EXPENSES. THE AMOUNT OF FINANCIAL AID AN APPLICANT RECEIVES IS BASED ON THE DIFFERENCE BETWEEN THE TOTAL COSTS AND THE AMOUNT THE STUDENT AND FAMILY ARE ABLE TO CONTRIBUTE TOWARD COSTS AS DETERMINED BY THE NEEDS ANALYSIS FORM. X X X 1 1 X X X X X 1 0 0 0 0 0 0 1 0 MARY C FINGER ED D PRESIDENT 346243 0 70000 0 59801 0 83997 0 17840 0 577881 0 68000 0 PAUL EDSALL VP FOR FINANCE, CFO (EFF 10/16) 136017 0 5782 0 0 0 28121 0 17284 0 187204 0 0 0 CHRISTINE MUESELER VP FOR INSTITUTIONAL ADVAN 158296 0 14727 0 0 0 30285 0 7062 0 210370 0 14400 0 BRETT FRESHOUR VP FOR ENROLLMENT MANAGEMENT 141596 0 12905 0 0 0 22758 0 52662 0 229921 0 0 0 IMOGENE CATHEY GENERAL COUNSEL 170016 0 15705 0 0 0 26710 0 7062 0 219493 0 0 0 DANIEL J RINCHUSE PROG. DIR. & PROFESSOR, ORTHODONTICS 207993 0 0 0 40456 0 16912 0 17214 0 282575 0 0 0 DANIEL DIBAGNO - ASST PROF ORTHODONTICS/DIR CLINICAL TRAINING 180849 0 0 0 0 0 9241 0 19814 0 209904 0 0 0 JOHN STOCKSTILL PROFESSOR ORTHODONTICS 191204 0 0 0 0 0 9563 0 244 0 201011 0 0 0 MELISSA ALSING CHIEF INFORMATION OFFICER 136350 0 12150 0 0 0 25650 0 125 0 174275 0 12150 0 DAVID MYRON FORMER OFFICER 13196 0 0 0 176538 0 1653 0 20692 0 212079 0 99841 0 MARY ANN GAWELEK FORMER KEY EMPLOYEE 83509 0 0 0 96675 0 6840 0 8898 0 195922 0 96675 0 PART I, LINE 1A THE PRESIDENT'S EMPLOYMENT CONTRACT HAS PROVISIONS FOR A NON-ACCOUNTABLE EXPENSE ACCOUNT AND HOUSING ALLOWANCE. THE UNIVERSITY TREATS THESE ITEMS AS ADDITIONAL COMPENSATION TO THE PRESIDENT AND ARE REPORTED ON THE PRESIDENT'S W-2. PART I, LINE 4A THE UNIVERSITY PAID A SEPARATION EXPENSE TO THE FOLLOWING INDIVIDUALS DURING THE 2016 CALENDAR YEAR: D. MYRON $157,080 M. GAWELEK $96,675 PART I, LINE 7 PURSUANT TO A WRITTEN EMPLOYMENT CONTRACT, THE PRESIDENT AND VICE PRESIDENTS OF THE UNIVERSITY PARTICIPATE IN AN ANNUAL VARIABLE COMPENSATION PROGRAM. PAYMENTS ARE CONTINGENT ON THE ACHIEVEMENT OF ATTAINABLE BUSINESS PERFORMANCE OBJECTIVES ESTABLISHED BY THE COMPENSATION COMMITTEE. A PORTION OF THE AMOUNT DISCLOSED AS DEFERRED COMPENSATION IN PART II, COLUMN C, REPRESENTS AN ACCRUAL FOR THE MAXIMUM ALLOWABLE AMOUNT ATTRIBUTABLE TO THE VARIABLE COMPENSATION PROGRAM FOR THE YEAR ENDED JUNE 30, 2017. FORM 990, SCHEDULE J, PART II: SOME OF THE INDIVIDUALS LISTED IN PART II RECEIVED A VARIABLE COMPENSATION PROGRAM PAYMENT WHICH WAS ACCRUED AT THE MAXIMUM AMOUNT OF POTENTIAL EARNINGS DURING THE FISCAL YEAR ENDED JUNE 30, 2017 AND REPORTED ON THE 2016 FORM 990, SCHEDULE J, PART II, COLUMN C. THE BONUS PAYMENT IS DISCLOSED ON SCHEDULE J, PART II, COLUMN (B)(II) AND COLUMN F AND IS REPRESENTATIVE OF THE ACTUAL AMOUNT OF THE PAYOUT UNDER THE VARIABLE COMPENSATION PROGRAM. A LATROBE INDUSTRIAL DEVELOPMENT AUTHORITY 251763674 2004-04-05 8500000 TO FINANCE NEW DORMITORY, ATHLETIC FIELDS AND PARKING LOT 0 0 0 B LATROBE INDUSTRIAL DEVELOPMENT AUTHORITY 251763674 2005-06-28 8700000 NEW RESIDENCE HALL, & FIELD HOUSE PARKING LOT RESURFACE, BLDG RENOVATIONS 0 0 0 C LATROBE INDUSTRIAL DEVELOPMENT AUTHORITY 251763674 2006-12-19 8000000 TO FINANCE PERFORMING ARTS CENTER 0 0 0 D WESTMORELAND INDUSTRIAL DEVELOPMENT AUTHORITY 251433993 2009-02-06 1200000 TO FINANCE PERFORMING ARTS CENTER 0 0 0 A 8402506 97494 8402506 2005 0 0 0 1 B 8700000 86942 8613058 2006 0 0 0 1 C 8000000 73867 7926133 2010 0 0 0 1 D 1200000 24000 1176000 2010 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 D 0 0 0 0 0 0 0 A 0 0 0 0 0 0 0 0 0 B 0 0 0 0 0 0 0 0 0 C 0 0 0 0 0 0 0 0 0 D 0 0 0 0 0 0 0 0 0 A 0 B 0 C 0 D 0 A WESTMORELAND INDUSTRIAL DEVELOPMENT AUTHORITY 251433993 2013-12-19 5500000 TO FINANCE THE INVESTMENT IN THE DANCE & VISUAL ARTS CENTER 0 0 0 B WESTMORELAND INDUSTRIAL DEVELOPMENT AUTHORITY 251433993 2013-12-19 1500000 TO FINANCE CONSTRUCTION OF THE DANCE & VISUAL ARTS CENTER 0 0 0 C LATROBE INDUSTRIAL DEVELOPMENT AUTHORITY 251433993 2014-06-30 4500000 TO FINANCE THE INVESTMENT IN JOANNE WOODWARD BOYLE HEALTH CENTER 0 0 0 D LATROBE INDUSTRIAL DEVELOPMENT AUTHORITY 251433993 2014-06-30 4000000 TO FINANCE CONSTRUCTION OF THE JOANNE WOODWARD BOYLE HEALTH CENTER 0 0 0 A 5500000 5500000 2013 0 0 0 1 B 1450000 50000 1450000 2013 0 0 0 1 C 4500000 4500000 2014 0 0 0 1 D 4000000 50000 3950000 2014 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 D 0 0 0 0 0 0 0 A 1 0 0 0 0 0 B 1 0 0 0 0 0 C 1 0 0 0 0 0 D 1 0 0 0 0 0 A 0 B 0 C 0 D 0 A LATROBE INDUSTRIAL DEVELOPMENT AUTHORITY 251433993 2017-04-20 8587000 TO FINANCE CONSTRUCTION AND RENOVATION OF LOWE DINING HALL 0 0 0 A 8587000 146467 8440533 2017 0 0 0 1 A 0 0 0 0 0 0 0 A 1 0 0 0 0 0 9000 SCHOLARSHIP EDUCATIONAL X 2098 FAIR MARKET VALUE X 4114 FAIR MARKET VALUE X 8 1003503 FAIR MARKET VALUE X ORTHODONTIC SUPPLIES/EQUIPMENT 6 208810 FAIR MARKET VALUE X BOOKSTORE RENOVATION 1 77221 FAIR MARKET VALUE X EQUIPMENT 5 8895 FAIR MARKET VALUE X GIFT CARD/BASKET 39 6760 FAIR MARKET VALUE X FOOD AND BEVERAGE 6 1630 FAIR MARKET VALUE X ADMISSION TICKETS 3 495 FAIR MARKET VALUE X JEWELRY 1 235 FAIR MARKET VALUE 0 0 1 0 PART I, COLUMN (B): THE NUMBER SHOWN IN COLUMN (B) REPRESENTS THE NUMBER OF CONTRIBUTORS FOR EACH TYPE OF PROPERTY. PART I, LINE 33: THE UNIVERSITY OWNS A NUMBER OF PIECES OF ART AND HISTORIC TREASURES. A LARGE NUMBER OF THE PIECES IN THE UNIVERSITY COLLECTIONS ARE ON EXHIBIT THROUGHOUT THE UNIVERSITY AT ANY GIVEN TIME. AS WELL, THE PIECES ARE USED FOR HANDS ON TRAINING IN PRESERVATION AND RESTORATION FOR ART INTERNS. CONTRIBUTED COLLECTION ITEMS ARE NOT REFLECTED IN THE FINANCIAL STATEMENTS. A ZERO AMOUNT WAS REPORTED ON FORM 990, PART VIII, LINE 1G FOR COLLECTION ITEMS BECAUSE THE UNIVERSITY DOES NOT CAPITALIZE ITS COLLECTIONS, AS ALLOWED UNDER SFAS 116 (ASC 958-360-25). FORM 990, PART VI, SECTION A, LINE 1 THE EXECUTIVE COMMITTEE SHALL EXERCISE THE POWERS AND AUTHORITY OF THE BOARD OF TRUSTEES DURING THE INTERVALS BETWEEN MEETINGS OF THE BOARD, WHEN, BASED ON THE BUSINESS NEEDS OF THE UNIVERSITY, IT IS DESIRABLE FOR THE BOARD TO MEET BUT, AS DETERMINED BY THE CHAIR, THE CONVENING OF A SPECIAL BOARD MEETING IS NOT WARRANTED. FORM 990, PART VI, SECTION A, LINE 7A THE BOARD OF TRUSTEES SHALL CONSIST OF AT LARGE AND SISTERS OF CHARITY TRUSTEES, WHICH TOGETHER SHALL EQUAL THE TOTAL NUMBER OF TRUSTEES, ONE-THIRD (1/3) OF THE TOTAL NUMBER OF TRUSTEES SHALL BE SISTERS OF CHARITY. THIS ONE-THIRD (1/3) SHALL INCLUDE THE FIVE COUNCIL TRUSTEES, WHO WILL NOMINATE THE REMAINING SISTERS OF CHARITY TRUSTEES. THE BISHOP OF THE DIOCESE OF GREENSBURG SHALL BE AN HONORARY TRUSTEE WITH FULL MEMBERSHIP RIGHTS. FORM 990, PART VI, SECTION A, LINE 7B THE COUNCIL TRUSTEES SHALL RESERVE TO THEMSELVES THE FOLLOWING POWERS: (1) APPROVAL OF ANY CHANGES THAT AFFECT THE MISSION, PHILOSOPHY AND IDENTITY OF SETON HILL UNIVERSITY AS A CATHOLIC UNIVERSITY IN THE TRADITIONS OF THE SISTERS OF CHARITY OF SETON HILL; (2) APPROVAL OF ALL AMENDMENTS, MODIFICATIONS, RESTATEMENTS, OR CHANGES IN THE ARTICLES OF INCORPORATION AND BYLAWS OF SHU; (3) APPROVAL OF PLEDGES, ENCUMBRANCES, MORTGAGE OF ASSETS AND LONG-TERM INDEBTEDNESS IN EXCESS OF $3 MILLION, AND APPROVAL OF THE LEASE, SALE, JOINT VENTURE OR AFFILIATION OF SETON HILL UNIVERSITY; AND (4) THE DISSOLUTION OF SHU AND THE DETERMINATION OF THE DISTRIBUTION OF ASSETS UPON DISSOLUTION. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS FIRST REVIEWED BY FINANCE MANAGEMENT AND THE UNIVERSITY'S PRESIDENT AND THEN DISTRIBUTED TO THE FINANCE AND BUSINESS AFFAIRS COMMITTEE OF THE BOARD OF TRUSTEES FOR FINAL REVIEW. A COMPLETE COPY IS PROVIDED TO THE BOARD PRIOR TO FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C CONFLICTS NOTED BY BOARD MEMBERS ARE REPORTED TO THE COMMITTEE ON BOARD RELATIONS. CONFLICTS NOTED BY EMPLOYEES ARE REPORTED TO THE HUMAN RESOURCE COMMITTEE ON CONFLICTS OF INTEREST. BOTH COMMITTEES REVIEW THE REPORTED CONFLICT AND TAKE THE APPROPRIATE ACTION AS WARRANTED BY THE SITUATION. THE UNIVERSITY HAS A FORMAL POLICY IN THEIR BYLAWS REGARDING ANY CONFLICTS OF INTEREST THAT MAY EXIST WITHIN ITS GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 15 THE UNIVERSITY HAS A COMPENSATION COMMITTEE THAT ESTABLISHES THE PRESIDENT'S COMPENSATION. FOR THE CURRENT FISCAL YEAR, THE COMMITTEE ENGAGED SERVICES FROM AN INDEPENDENT CONSULTANT TO ASSIST WITH THE DETERMINATION OF COMPENSATION. THE COMPENSATION COMMITTEE, HOWEVER, INDEPENDENTLY APPROVED AND AWARDED THE FINAL COMPENSATION PACKAGE. FORM 990, PART VI, SECTION C, LINE 19 THE UNIVERSITY MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART VII, TRUSTEE EMERITUS: THE FOLLOWING MEMBERS SERVE ON THE SETON HILL UNIVERSITY BOARD OF TRUSTEES AS TRUSTEE EMERITI BUT HAVE NO VOTING POWERS AT THE MEETINGS OF THE BOARD OF TRUSTEES: JEAN AUGUSTINE, S.C., MARY L. COSTELLO, LOUIS A. CRACO, ROBERT H. DAVIS, ROSEMARY DONLEY, S.C., JOHN R. ECHEMENT, FREDERICK R. FAVO, MAUREEN HALLORAN, S.C., BRIGID MARIE GRANDY, S.C., MARCIA M. GUMBERG, COLETTE HANLON, S.C., DONALD M. HENDERSON, PATRICE HUGHES, S.C., CHARLES M. LYNCH, III, JEREMY MAHLA, S.C., ARTHUR H. MEEHAN, MARLENE MONDALEK, S.C, DONALD I. MORITZ, BARBARA NAKLES, MAUREEN SHEEDY O'BRIEN, MAUREEN O'BRIEN, S.C., ELLENITA M. O'CONNOR, S.C., PAUL M. POHL, MARC ROBERTSHAW, ARTHUR J. ROONEY, JR., RALPH A. SCALISE, ANITA SCHULTE, S.C., LAWRENCE R. WERNER. FORM 990, PART XII, QUESTION 2C, OVERSIGHT OF FINANCIAL STATEMENT AUDIT: ANNUALLY, THE FINANCE AND BUSINESS AFFAIRS COMMITTEE OF THE BOARD OF TRUSTEES, ENGAGES THE SERVICES OF AN INDEPENDENT CERTIFIED PUBLIC ACCOUNTING (CPA) FIRM TO CONDUCT AN AUDIT AND ISSUE AN OPINION ON THE UNIVERSITY'S FINANCIAL STATEMENTS. THE CPA FIRM REPORTS THE RESULTS OF THEIR FINDINGS AND ISSUES THEIR AUDITED FINANCIAL STATEMENTS TO THE COMMITTEE. THIS PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. SETON HILL PROPERTIES ONE SETON HILL DRIVE GREENSBURG PA 15601 020790268 ORGANIZED TO CARRY OUT THE PURPOSES OF SETON HILL UNIVERSITY. PA 501(C)(3) 509(A)(3) TYPE I SETON HILL UNIVERSITY 1 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 SETON HILL PROPERTIES E 9321166 ACTUAL SETON HILL PROPERTIES ONE SETON HILL DRIVE GREENSBURG PA 15601 020790268 0 0 0 0 0 0 0 0 0 0