2018-04-09T15:16:58-05:00 2017-06-30 GRANT THORNTON LLP 171 N CLARK ST SUITE 200 CHICAGO IL 60601 990 2016-07-01 362182170 Resurrection University % MATTHEW HUGHES RESU 7732526464 1431 N Claremont Chicago IL 60622 THERESE SCANLAN PRESIDENT 7732525310 2018-04-09 true Bridget T Roche P00666837 3128560200 209.220.64.52 36941220180995000010 2018-04-09 P 663E82505C7E031FB61DBFEF31DD8BE98B558655 8570B2D8046878F456576E706BB8FB99030C32C0 2016 2021-01-29 14:40:06Z Therese Scanlan 1431 N Claremont Chicago IL 60622 18888239 false X www.resu.edu X 2011 IL Resurrection University is a Catholic institution of higher learning educating women and men in the field of nursing, other health sciences, and health care related fields. 17 16 124 0 0 1107295 131197 13296528 17994599 25446 381624 12366 24579 14441635 18531999 676981 1041027 0 0 9635622 10374895 0 0 0 3491267 4716381 13803870 16132303 637765 2399696 8535696 12033355 2746299 3844262 5789397 8189093 X THE UNIVERSITY IS ORGANIZED TO OPERATE EXCLUSIVELY FOR CHARITABLE, RELIGIOUS, SCIENTIFIC, AND EDUCATIONAL PURPOSES. THE UNIVERSITY'S PURPOSES ARE TO BE CARRIED OUT CONSISTENTLY WITH THE ETHICAL AND RELIGIOUS DIRECTIVES FOR CATHOLIC HEALTH CARE SERVICES, AS PROMULGATED FROM TIME TO TIME BY THE LOCAL ARCHBISHOP (THE "ETHICAL AND RELIGIOUS DIRECTIVES"). Continued in Schedule O. false false 7779286 17969632 Instruction: Resurrection University provides higher education through undergraduate and graduate programs of study in the healthcare field. Experienced faculty emphasizes quality teaching and is dedicated to the development of individuals into knowledgeable, self-directed, responsive and caring persons. 4331732 1041027 24967 Student Services: The student body is composed of 692 members. Offices servicing the students include admissions, student finance and financial aid, registrar, academic center for excellence, library, personal counselling, career services, instructional technology, student life, and student development. 12111018 true true false false false false false false false true true false false true true true true true true false false false false false false false false false true true false false false false false false false false false false false false false false false false false true 71 0 true 124 true false false false false false false false false false false X 17 16 false false false false true true true true true false false true true true true true true true true false X MATTHEW HUGHES 7732525310 1431 N CLAREMONT Chicago IL 60622 Therese Scanlan EDD President 40.0 0.0 X X 228002 0 46427 Mary Ann Kelly Chairperson, Board Member 1.0 0.0 X 0 0 0 Sister Kathleen Stadler Vice Chairperson, Board Member 1.0 0.0 X 0 0 0 Patty Thiery Sheridan Chair 1.0 0.0 X 0 0 0 Ellen-Marie Whelan Board Member 1.0 0.0 X 0 0 0 Joseph Hugar Board Member 1.0 0.0 X 0 0 0 Jim Croft PHD Treasurer 1.0 0.0 X 0 0 0 Robert Christie JD Secretary 1.0 0.0 X 0 0 0 Greg Freeman Board Member (Thru 07/2016) 1.0 0.0 X 0 0 0 Marc Golan Board Member 1.0 0.0 X 0 0 0 Linda Ramirez Res U Alumni Assoc Pres 1.0 0.0 X 0 0 0 Pamela Zarkowski Board Member 1.0 0.0 X 0 0 0 Illeana Gomez Board Member 1.0 0.0 X 0 0 0 Thomas Koebl Board Member 1.0 0.0 X 0 0 0 Ann Errichetti MD Board Member 1.0 0.0 X 0 0 0 Mary Ann Barnes Board Member (BEG 06/2017) 1.0 0.0 X 0 0 0 Brenda Williams Board Member (BEG 01/2017) 1.0 0.0 X 0 0 0 Emma Ortiz Board Member (BEG 01/2017) 1.0 0.0 X 0 0 0 Matthew Hughes Exec VP, CFO, Secretary 40.0 0.0 X 162390 0 10269 Rebecca S Zukowski Dean of Nursing (Thru 07/2016) 40.0 0.0 X 150784 0 7983 Brian Bollenbacher VP Student & Employee Affairs 40.0 0.0 X 144741 0 22370 Kathleen Muglia Academic Faculty 12M 40.0 0.0 X 123956 0 557 Jeri Bingham VP Mktg & Enrollment Mgmt 40.0 0.0 X 121298 0 13924 Lynda Crawford Assistant Dean, Research 40.0 0.0 X 118261 0 9825 Mary Ellen Newton Program Dir., School of Rad. 40.0 0.0 X 115351 0 26969 Beth A Brooks President (thru 03/2016) 0.0 0.0 X 192369 0 2673 1357152 0 140997 14 true true false ASSESSMENT TECHNOLOGIESASCEND LEAR 11161 OVERBROOK ROAD LEAWOOD KS 66211 TESTING SERVICES 201254 BENNETT PERFORMANCE GROUP 5863 DORIS DRIVE ALEXANDRIA VA 22311 CONSULTANT 189280 APPABILITY INC 825 S LEAVITT CHICAGO IL 60612 IT CONSULTING SERV. 110963 HANOVER RESEARCH COUNCIL LLC 4401 WILSON BLVD 9TH FLOOR ARLINGTON VA 22203 RESEARCH CONSULTANT 108630 CAMPUS MANAGEMENT 777 YAMATO ROAD BOCA RATON FL 33431 IT SERVICES 106251 5 30000 101197 131197 STUDENT TUITION AND FEES 611710 17933257 17933257 SERVICE LEARNING 611710 36375 36375 TEAS TEST REVENUES 611710 7850 7850 OTHER STUDENT REVENUES 611710 17117 17117 17994599 357991 357991 0 8838 8838 0 0 0 379873 356240 23633 23633 23633 0 0 0 0 0 0 0 0 0 MISCELLANEOUS OTHER 900099 15741 15741 15741 18531999 17994599 406203 0 1041027 1041027 0 0 587253 85798 501455 0 0 8322231 7030989 1291242 203132 179302 23830 664561 539134 125427 597718 464251 133467 0 87595 87595 73752 73752 0 0 1779 1779 1109348 219612 889736 814282 814282 130204 10896 119308 854484 514505 339979 0 778614 622891 155723 12148 3674 8474 0 188366 37298 151068 0 0 101702 81362 20340 15317 15317 CENTRALIZED SERVICES 249375 199500 49875 EDUCATIONAL MATERIALS 150493 148903 1590 LICENSES, FEES, SUBSCRIPTIONS 59643 29829 29814 SERVICE LEARNING 47729 47729 41550 40036 1514 16132303 12111018 4021285 0 153459 183861 0 0 900000 605000 2828692 4085281 0 0 0 0 4144 31194 0 0 284121 241069 1134683 334925 706467 799758 0 0 0 0 0 0 0 0 3658813 6087192 8535696 12033355 97166 377188 0 0 2266697 2973152 0 0 0 0 0 0 0 0 0 0 382436 493922 2746299 3844262 X 2549085 5159327 1658908 1404062 1581404 1625704 5789397 8189093 8535696 12033355 2399696 X false true X true true true X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1856857 702 68130 23250 50000 1852439 1891972 570 45099 20500 60284 1856857 1810798 7476 83698 10000 1891972 1678301 35795 164702 8000 60000 1810798 1616923 76128 14750 1678301 0.85570 0.14430 false true true 0 1134683 334925 799758 799758 CASH ON DEPOSIT WITH AFFILIATE 3632426 INVEST. IN FNDTN POOLED FUNDS 2454766 6087192 0 STUDENT FUNDS 26526 DEFERRED RENT 285678 OTHER LIABILITIES 181718 493922 X 17489193 17489193 1779 1041027 1042806 18531999 15089497 15089497 1779 1041027 1042806 16132303 Intended Uses of Endowment Funds Schedule D, Part V, Line 4 Net assets associated with endowment funds, including funds designated to function as endowment funds, are classified and reported based on the existence or absence of donor-imposed restrictions. The endowment fund is administered by Presence Health. The University has adopted the investment and spending policies of Presence Health for its endowment fund. The objective of these policies is to provide the University with a predictable funding stream for its programs while protecting the power of the endowment fund. Presence Healths investment policy represents the current consensus of the endowment funds investment philosophy and shall be reviewed from time to time to ensure that it continues to reflect the appropriate expectations, goals and objectives for the endowment fund. Presence Health has interpreted the Uniform Prudent Management of Institutional Funds Act (UPMIFA) as requiring the preservation of the fair value of the original gift as of the gift date of the donor-restricted endowment funds absent explicit donor stipulations to the contrary. As a result of this interpretation, the University classifies as permanently restricted net assets: (a) the original value of gifts donated to the permanent endowment, (b) the original value of subsequent gifts to the permanent endowment and (c) accumulations to the permanent endowment made in accordance with the direction of the applicable donor gift instrument at the time the accumulation is added to the fund. The remaining portion of the donor-restricted endowment fund that is not classified in permanently restricted net assets is classified as temporarily restricted net assets until those amounts are appropriated for expenditure by the University in a manner consistent with the standard of prudence prescribed by the state of Illinois in its enacted version of UPMIFA. In accordance with UPMIFA, Presence Health considers the following factors in making a determination to appropriate or accumulate donor restricted endowment funds: (1) the duration and preservation of the endowment fund, (2) the purposes of the University and the donor restricted endowment fund, (3) general economic conditions, (4) the possible effect of inflation and deflation, (5) the expected total return from income and the appreciation of investments, (6) other resources of the University, and (7) the investment policies of Presence Health. Presence Health may appropriate for expenditure or accumulate so much of the endowment fund as the University determines is prudent for the uses, benefits, purposes and duration for which the endowment fund is established. FIN 48 Footnote Part X The University was organized and incorporated in Illinois as a not-for-profit organization in July 2011. The University has a favorable determination letter from the Internal Revenue Service stating they are exempt from federal income taxes under Section 501(a) of the Internal Revenue Code (IRC) of 1986, as organized under Section 501(c)(3). The University follows guidance that clarifies the accounting for uncertainty in tax positions taken or expected to be taken in a tax return, including issues relating to financial statement recognition and measurement. This guidance provides that the tax effects from an uncertain tax position can only be recognized in the financial statements if the position is "more-likely-than-not" to be sustained if the position were to be challenged by a taxing authority. The assessment of the tax position is based solely on the technical merits of the position, without regard to the likelihood that the tax position may be challenged. The University is exempt from federal income tax under IRC section 501(c)(3), though it is subject to tax on income unrelated to its exempt purpose, unless that income is otherwise excluded by the Code. The University has processes presently in place to ensure the maintenance of its tax-exempt status; to identify and report unrelated income; to determine its filing and tax obligations in jurisdictions for which it has nexus; and to identify and evaluate other matters that may be considered tax positions. The University has determined that there are no material uncertain tax positions that require recognition or disclosure in the financial statements. Supplemental Description - Other Schedule D, Part XI, Line 4b Institution Financial Aid and Foundation Scholarships recorded net on AFS, gross on 990..............................................1,041,027 Supplemental Description - Other Schedule D, Part XII, Line 4b Institution Financial Aid and Foundation Scholarships recorded net on AFS, gross on 990...............................................1,041,027 true true true true true true true false false false false false false false false true false true Publication of Racially Nondiscriminatory Policy Schedule E, Part I, Line 3 Resurrection University's policy is that of non-discrimination of the public served by the institution and with respect to the university personnel. Advertisements, publications, brochures, applications for admissions, etc., contain a statement to that effect that the college complies with the federal non-discrimination regulations, and thereby does not discriminate on the basis of race, gender, religion, color, national origin, age, sexual orientation, or handicap disability. Government Assistance Schedule E, Part I, Line 6a Resurrection University applies for and receives educational grants, as approved on a case by case basis, from federal and state agencies. The University also participates annually in federal and state financial aid programs, specifically Pell, Federal Direct Loans, and various State of Illinois scholarship and grant programs for qualified students (i.e. IL Map). The grants and loans are reported in the University's A-133 single audit. true Nursing Alumni Scholarship 4 15000 Foglia Family Foundation Scholarship 15 75000 Hazel Orr Nursing Scholarship 1 5000 Hermitage Scholarship 11 50000 Proviso Township Undergrad Nursing 12 57500 Resu Needs Award 355 440289 Presidents Community Scholarship 2 3500 Presidents Scholarship 111 379500 Illinois Hispanic Nurses Scholarhsip 2 9000 Brown Memorial 1 500 Bud McCLevey 1 1000 Kurtz Mesenbrink Nursing Scholarship 1 500 Muehrcke Family Foundation 1 500 Ralph Jepsen Nursing Scholarship 1 250 Ruth H Replogle 2 1500 Sister Sandi Sosnowski 4 1600 Procedure for Monitoring Use of Grant Funds Inside U.S. Schedule I, Part I, Line 2 The University provides scholarships to students matriculating through its programs. All funds issued to students are required to defray the cost of tuition and no student may use the funds for other than educational purposes. Since the students have no discretion in the use of the funds, the university does not need to monitor the grants once issued. X X true true false false false false false false false Therese Scanlan EDD President 227521 0 0 0 481 0 27710 0 18717 0 274429 0 0 0 Beth A Brooks President (thru 03/2016) 38197 0 0 0 154172 0 0 0 2673 0 195042 0 22065 0 Brian Bollenbacher VP Student & Employee Affairs 144557 0 0 0 184 0 7561 0 14809 0 167111 0 0 0 Matthew Hughes Exec VP, CFO, Secretary 162073 0 0 0 317 0 8169 0 2100 0 172659 0 0 0 Rebecca S Zukowski Dean of Nursing (Thru 07/2016) 66954 0 0 0 83830 0 0 0 7983 0 158767 0 0 0 Schedule J, Part I, Line 4a BETH A. BROOKS RECEIVED A SEVERANCE PAYMENT IN THE AMOUNT OF $78,819. Schedule J, Part I, Line 4B BETH A. BROOKS RECEIVED A CONTRIBUTION TO A NONQUALIFIED 457F PLAN OF $6,921. Organization's Mission Form 990, Part III, Line 9 THE PURPOSES OF THE UNIVERSITY INCLUDE, BUT ARE NOT LIMITED TO: A) ESTABLISH, MAINTAIN, OPERATE, SUPPORT AN ACCREDITED, DEGREE-GRANTING INSTITUTION IN THE FIELD OF NURSING, AND OTHER HEALTH SCIENCES AND HEALTH CARE RELATED FIELDS; B) FACILITATE ACADEMIC EXCELLENCE AND CLINICAL COMPETENCE THROUGH GENERAL, NURSING AND OTHER HEALTH SCIENCES AND RELATED EDUCATION AND TRAINING, C) PREPARE GRADUATES TO UTILIZE THEORETICAL KNOWLEDGE AND SKILLS MEETING THE NEEDS OF INDIVIDUALS AND GROUPS IN VARIOUS HEALTH SETTINGS AND TO BECOME RESPONSIBLE HEALTH CARE PROFESSIONALS WHO EXEMPLIFY THE HIGHEST LEGAL, ETHICAL AND PROFESSIONAL STANDARDS, D) SERVE AS A RESOURCE AND TRAINING FACILITY FOR EDUCATIONAL PROGRAMMING TO SUPPORT THE GROWTH AND DEVELOPMENT OF EMPLOYEES OF THE HEALTH SYSTEM ENTITIES AFFILIATED WITH THE UNIVERSITY AND ITS MEMBER, E) EMPLOY FACULTY AND STAFF WHO ARE ACADEMICALLY AND EXPERIENTIALLY QUALIFIED AND WHO MAINTAIN EXPERTISE APPROPRIATE TO TEACHING SERVICE AND SCHOLARLY ACTIVITIES, F) ENSURE ACADEMIC EXCELLENCE THROUGH ON-GOING EVALUATION OF ITS OPERATIONS, G) PROMOTE RESEARCH RELATED IN HEALTH SCIENCES, H) PROVIDE FINANCIAL ASSISTANCE TO STUDENTS AND OTHERS BASED ON FINANCIAL NEED, WITHIN THE MEANS OF THE UNIVERSITY, I) PROMOTE AND PARTICIPATE IN AREA-WIDE HEALTH EDUCATION PLANNING AND IN THE EFFECTIVE DELIVERY OF NURSING AND OTHER HEALTH SCIENCES EDUCATION SERVICES, AND MAINTAIN APPROPRIATE RELATIONSHIPS WITH THE COMMUNITY, J) FACILITATE OPPORTUNITIES FOR STUDENTS AND FACULTY TO PARTICIPATE IN COMMUNITY ACTIVITIES FOSTERING AN APPRECIATION OF COMMUNITY INVOLVEMENT, K) RECEIVE CONTRIBUTIONS OR GRANTS FROM ANY AND ALL SOURCES TO BE USED IN FURTHERING THE FOREGOING PURPOSES, L) ACT CONSISTENTLY WITH AND IN SUPPORT OF THE MISSION AND VALUES OF THE HEALTH SYSTEM, M) ENGAGE IN AND DO ANY LAWFUL ACT CONCERNING ANY AND ALL LAWFUL BUSINESS FOR WHICH A NOT FOR PROFIT CORPORATION MAY BE ORGANIZED UNDER THE LAWS OF ILLINOIS. Members or Stockholders Form 990, Part VI, Line 6 The University shall have one member, which shall be the Parent Corporation (the "Member"). New members may be admitted only by the written consent of the sole Member. Members or Stockholders Who May Elect Form 990, Part VI, Line 7a The annual meeting of the Member, for the purpose of approving the election of the Directors of the University of the Board and the transaction of such other business as shall properly come before the member, shall be held at such date, time, and place as shall be determined by the Chairperson of the Member, or on such other date, and at such time and place, as is determined in accordance with the Member's bylaws or by resolution of the Member's Board of Directors (the "Member Board"). The Member shall act hereunder by resolution of the Member Board or to the extent permitted by the Member's Bylaws or resolutions and the Illinois Not For Profit Corporation Act through action taken by resolution of any authorized Board committee or action of a senior management representative to whom the Member has appropriately delegated applicable approval or other power. Actions by the Member shall be appropriately documented in the Member's Board or committee minutes or other Member records, and communicated by the Member's President or Secretary to the University President or Board Chair. Decisions Subject to Approval Form 990, Part VI, Line 7b The University Board shall not be authorized to act in connection with the following without the approval of the Member: Acquisition of capital assets not included in the Annual Capital Budget required; The approval of a sale of significant assets, a merger, consolidation, reorganization, dissolution or liquidation with respect to the University, provided that, "significant assets" shall mean assets that are necessary for the operations of the University, unless such assets are sold in the ordinary course of business, pursuant to approved budgets, or replaced with substantially similar assets; The incurrence of any indebtedness or modification of any existing debt facility; provided, however, the University may enter into operating leases in the ordinary course of business from time to time without the consent of the Member; Invest in or acquire any debt or equity securities issued by any third party, other than investments within the guidelines of the investment policy established for the University consistent with the social responsibility and general prudent investment guidelines for all the Member's affiliate corporations and routine investment of excess cash or reserves; Amend the Articles of Incorporation of the University; Set up a subsidiary of the University or otherwise enter into a joint venture with an unrelated third party, or invest in or own all or a portion of the shares, securities, or equity interest in another entity; Select or modify any business name or logo of the University, including any assumed or d/b/a names; or Take any action not in the ordinary course of the University's business or any action that may adversely impact any of the Member's rights as a member of the University, whether pursuant to the Illinois Not for Profit Corporation Act or under these Bylaws. Form 990 Review Process Form 990, Part VI, Line 11b Prior to filing the Form 990, it is reviewed and approved by the University's Finance, Audit, and Compliance committee. The review involves an in-depth presentation by University staff to the Committee. The Committee will also review the overall accuracy and completeness of the 990. Prior to filing the Form 990, the draft return is also provided to the remaining voting members of the University's Governing Body. They will review the draft return for overall accuracy and completeness. The President and CFO will also review the 990 for overall accuracy and completeness. Conflict of Interest Policy Monitoring & Enforcement Form 990, Part VI, Line 12c Any Director, Officer, committee member, or employee who has a financial or personal interest IN A CONTRACT OR OTHER TRANSACTION PRESENTED TO THE UNIVERSITY Board or a committee thereof, or to the University President or other authorized Officer for authorization, approval, or ratification, shall make a prompt and full disclosure of such interest to such authorizing body or Officer prior to such a body's or Officer's formal consideration of and action on such contract or transaction. Such disclosure shall include any relevant and material facts known to such person about the contract or transaction which might reasonably be construed to be adverse to the University's interest. If the disclosure is made to the University Board or a committee thereof by a University Board or committee member, such body shall determine, by a majority vote (at a meeting at which the person with the potential conflict is not present, except to the extent necessary to respond to questions regarding the potential conflict and does not vote), whether the disclosure shows that a conflict of interest exists or may reasonably be construed to exist. If a conflict is deemed to exist the Director or committee member having the conflict shall not vote on, nor use his or her personal influence on, nor be present or otherwise participate in, the discussions or deliberations with respect to such contract or transaction. Such person shall not be counted in determining the existence of a quorum at any meeting where the contract or transaction is under discussion. The minutes of the meeting shall reflect the disclosure made, any vote thereon and, where applicable,the abstention from voting and participation, and whether a quorum was present. Each Director, committee member, Officer, and key employee of the University shall complete an annual disclosure form as may be adopted from time to time by the University Board, for the purpose of disclosing any interest of such individual in any contract to which the University is a party or in any transaction, business relaitonship, or other matter in which the University is involved. Process for Determining Compensation Form 990, Part VI, Line 15a COMPENSATION FOR THE UNIVERSITY'S PRESIDENT IS DETERMINED AND APPROVED ANNUALLY in AN EXECUTIVE SESSION OF THE BOARD OF DIRECTORS IN ACCORDANCE WITH WRITTEN POLICIES AND PROCEDURES ADOPTED BY ITS BOARD OF DIRECTORS. THE UNIVERSITY USES MARKET DATA PULLED FROM COMPENSATION FIGURES OF LOCAL AND LIKE-KIND HIGHER EDUCATION INSTITUTIONS TO ESTABLISH BASE SALARIES, BENEFITS, AND TOTAL COMPENSATION OPPORTUNITIES. THE BOARD OF DIRECTORS' REVIEW PROCESS AND DOCUMENTATION ARE FORMALIZED IN A LETTER TO THE VP OF STUDENT AND EMPLOYEE AFFAIRS. Process for Determining Compensation Form 990, Part VI, Line 15b COMPENSATION FOR OTHER OFFICERS AND OTHER EXECUTIVES ARE REVIEWED AND APPROVED BY THE BOARD THROUGH THE ANNUAL BUDGET PROCESS. THE UNIVERSITY ENGAGED WITH AN INDEPENDENT CONSULTANT TO PERFORM A THOROUGH COMPENSATION REVIEW OF THE CURRENT EXECUTIVE TEAM DURING THE FISCAL YEAR 2015. How Documents are Made Available to the Public Form 990, Part VI, Line 19 No documents are available to the public.