2018-01-24T14:40:26-06:00 2017-06-30 383635706 Rehmann Robson LLC 555 Briarwood Circle Ste 300 Ann Arbor MI 48108 990 2016-07-01 381393841 Cleary University CLEA 5175483670 3750 Cleary Dr Howell MI 48843 Judith L Walker CFO 5175483670 2018-01-23 1 Kathleen M Underhill CPA P00589677 7347612005 2018-01-23 70.88.102.201 2018-01-23 11:31:45 ES P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 A7BD534DF2694884F6D0AE96726DF4C9A860DCC0 2016 2021-01-29 14:40:06Z JAYSON BOYERS 3750 Cleary Dr Howell MI 48843 12492308 0 X www.cleary.edu X 1883 MI PROVIDE PRACTICAL SKILLS AND VALID CREDENTIALS TO ADVANCE STUDENTS' BUSINESS CAREERS. 20 20 249 24 94572 -28974 1374569 1834297 8833434 10041918 41216 89812 179805 384308 10429024 12350335 2079260 2427601 0 0 4323872 4562632 0 0 264737 4334099 5317375 10737231 12307608 -308207 42727 21344591 20881278 11782439 11266867 9562152 9614411 TO ENRICH STUDENTS' LIVES THROUGH THE KNOWLEDGE, SKILLS, AND CREDENTIALS THAT ADVANCE CAREERS. 0 0 6504949 2427601 10264494 OPERATION OF UNIVERSITY & INSTRUCTION COST 6504949 1 1 0 0 0 0 0 1 0 1 1 0 0 1 0 1 1 0 1 0 0 0 0 0 1 0 0 0 1 1 0 0 0 1 0 0 0 0 1 1 0 0 0 0 0 0 0 1 57 0 1 249 1 1 1 0 0 0 0 1 1 0 0 0 0 X 20 20 0 0 0 0 0 0 0 1 1 0 1 1 1 1 1 1 1 1 1 1 0 X Judy walker 8006861883 3750 Cleary Dr Howell MI 48843 Raymond King III CHAIR 2.00 X X 0 0 0 Douglas Ritter Secretary thru 12/31/16 2.00 X X 0 0 0 Milton Weidmayer TREASURER 2.00 X X 0 0 0 JOHN KUDERIK VICE TREASURER 2.00 X X 0 0 0 Glynis McBain OFF-AT-LGE thru 12/31/16; secy 1/1/17 2.00 X 0 0 0 Frank Fike OFFICER-AT-LARGE thru 12/31/16 2.00 X 0 0 0 David Itsell OFFICER-AT-LARGE thru 4/28/17 2.00 X 0 0 0 Carol Alexander OFFICER-AT-LARGE thru 12/31/16 2.00 X 0 0 0 patrick cleary II VICE CHAIR 2.00 X X 0 0 0 Tim Codd TRUSTEE 2.00 X 0 0 0 STANLEY DICKSON JR TRUSTEE 2.00 X 0 0 0 John Edwards TRUSTEE 2.00 X 0 0 0 Andrew Eggan TRUSTEE thru 1/31/17 2.00 X 0 0 0 Alan Kruse truSTEE 2.00 X 0 0 0 MARGARET BORYCZKA GUPTA TRUSTEE 2.00 X 0 0 0 john klee OFFICER-AT-LARGE thru 12/31/16 2.00 X 0 0 0 MARTY PAWLUSIAK trustEE 2.00 X 0 0 0 Anne McKenny TRUSTEE 2.00 X 0 0 0 DON REIMONDO truSTEE 2.00 X 0 0 0 KENNETH WEINGARTZ truSTEE 2.00 X 0 0 0 RICH PERLBERG TRUSTEE 2.00 X 0 0 0 ian schonsheck trusTEE 2.00 X 0 0 0 JOE PARKER TRUSTEE effective 10/20/16 2.00 X 0 0 0 PHIL YUHASZ TRUSTEE effective 1/1/17 2.00 X 0 0 0 jayson boyers PRESIDENT 40.00 X 237406 0 24429 JUDITH L WALKER CFO 40.00 X 99827 0 6638 MATTHEW BENNETT SENIOR VP INSTITUTIONAL ADV 40.00 X 88402 0 21471 lance lewis PROVOST AND CAO 40.00 X 100913 0 18942 MARLO RENCHER VP INNOV, ENTREP AND DIVERSITY 40.00 X 71807 0 21718 598355 0 93198 3 0 1 0 0 6000 99418 1728879 893250 1834297 TUITION AND FEES 611600 8900913 8900913 EVANCE PROGRAM 611600 497600 497600 STUDENT HOUSING 611600 455948 455948 OTHER PROGRAM SERVICES 611600 187457 187457 10041918 6372 6372 5755 0 5755 5755 5755 83440 0 83440 83440 83440 98225 6000 36356 61869 61869 3929 4393 -464 -464 171967 101224 70743 63781 6962 EVENT REVENUE 900099 246405 158795 87610 246405 12350335 10264494 94572 156972 2427601 2427601 733055 221568 407534 103953 3301051 2276457 983027 41567 59834 34439 24766 629 188380 108428 77972 1980 280312 161343 116023 2946 47063 47063 97406 1162 96244 1034693 59650 973069 1974 222980 15955 206303 722 203859 46667 148024 9168 767986 767986 229375 196385 32337 653 31702 23937 7520 245 557589 557589 374389 374389 93671 93671 OTHER 527187 271060 157347 98780 Books & Periodicals 359874 317838 42036 EQUIPMENT 264375 122387 141988 BAD DEBT EXPENSE 254719 252599 2120 250507 220072 30435 12307608 6504949 5537922 264737 3183305 460767 850108 2142580 2701820 438299 776946 156268 157516 25796 0 160342 356118 18284269 5172350 13253666 13111919 84370 84370 1899965 2381714 21344591 20881278 1194884 1557543 2645619 2394097 7941936 7315227 11782439 11266867 X 7047652 7337722 1278622 987829 1235878 1288860 9562152 9614411 21344591 20881278 42727 9532 0 X X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 642900 642900 X 0 3118222 62611 9532 1557928 1632437 2964021 169954 9499 25252 3118222 2900900 58015 26192 21086 2964021 2829391 55204 31805 15500 2900900 2821368 61730 -12511 41197 2829391 0.78950 0.21050 0 0 904842 904842 12729011 2011894 10717117 1479958 469785 1010173 3170458 2690671 479787 13111919 Artwork 1745863 Art held for resale 323150 charitable remainder unitrust interest 312701 2381714 X 10125971 9532 -2233896 -2224364 12350335 0 12350335 10073712 -2233896 -2233896 12307608 0 12307608 Part III, Line 4: ARTHUR SECUNDA ART WORK - THE UNIVERSITY IS CREATING THE ARTHUR SECUNDA MUSEUM AT ITS LIVINGSTON CAMPUS. THE MUSEUM WILL ENHANCE THE VISIBILITY, REPUTATION AND EDUCATIONAL MISSION OF CLEARY UNIVERSITY BY REINFORCING THAT THE UNIVERSITY IS A SOPHISTICATED INSTITUTION IN WHICH STUDENTS CAN PLACE THEIR CONFIDENCE. THE ADDITION OF THE MUSEUM WILL FACILITATE STUDY IN THE FIELD OF ARTS MANAGEMENT, EXAMINATION OF THE ARTIST AS ENTREPRENEUR, AND THE USE OF THE ART TO STIMULATE CREATIVITY AMONG THE BUSINESS STUDENTS. Part V, Line 4: The intended use of the term and permanent endowment funds is to fund student scholarships. Part X, Line 2: The University is exempt from federal income tax under Section 501(c)(3) of the Internal Revenue Code (the "Code") and is exempt from similar state and local taxes. Althought the University was granted income tax exemption by the Internal Revenue Service, such exemption does not apply to "unrelated business taxable income". The University analyzes its filing positions in the federal and state jurisdictions where it is required to file income tax returns, as well as all open tax years in these jurisdictions, to identify potential uncertain tax positions. The University treats interest and penalties attributable to income taxes, and reflects any changes for such, to the extent they arise, as a component of its institutional support expense. The University has evaluated its income tax filing positions for fiscal years 2013 through 2017, the years which remain subject to examination by major tax jurisdictions as of June 30, 2017. The University concluded that there are no significant uncertain tax positions requiring recognition in the University's financial statements. The University does not expect the total amount of unrecognized tax benefits ("UTB") (e.g., tax deductions, exclusions, or credits claimed or expected to be claimed) to significantly change in the next twelve months. The University does not have any amounts accrued for interest and penalties related to UTB's at June 30, 2017 or 2016, and are not aware of any claims for such amounts by federal or state income tax authorities. Part XI, Line 2d - Other Adjustments: Cost of Goods Sold 101,224. Special Events Expenses 40,749. Grants & Scholarships -2,341,310. CLOSING FEES -34,559. Part XII, Line 2d - Other Adjustments: Cost of Goods Sold 101,224. SPECIAL Events Expenses 40,749. Grants & Scholarships -2,341,310. CLOSING FEES -34,559. 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 policy is available on the school's website. Schedule E, Part I, Line 6 Cleary university participates in student aid programs supported by the department of education. signature event 104225 6000 98225 1400 6000 28956 104225 6000 98225 1400 6000 28956 36356 61869 1 VA Military Grant 8 32550 Cleary Institutional Grant 38 45863 Cleary Scholarship 1 4500 Community College & Alumni Discount 8 43400 Next Step Grant 27 43451 Wilburn M. Barwick Scholarship 17 39768 Sullivan Endowed Scholarship 2 4500 Graduate Merit Scholarship 2 1950 RITA & CHARLES GELMAN SCHOLARSHIPS 3 3000 Marjory Cleary McKenny & Arthur McKenny 2 4000 ATHLETIC SCHOLARSHIP 180 1005372 ATHLETIC HOUSING SCHOLARSHIP 120 235750 ADMISSIONS HONORS SCHOLARSHIP 45 261750 ADMISSIONS TRANSFER SCHOLARSHIP 55 206500 CLEARY BUSINESS PARTNER SCHOLARSHIP 99 214350 INTERNATIONAL CPT PROGRAM SCHOLARSHIP 2 4049 Community Partners Matching Grant 2 1000 Alumni Association Annual Endowed Scholarship 3 4500 key bank SCHOLARSHIP 1 1000 resident assistant scholarship 3 21600 international MKT scholarship 1 5000 athletic work study match 83 76050 OPPORTUNITY REFERRAL GRANT 57 55112 EMPLOYEE GRANTS 14 80803 NON ATHLETIC HOUSING SCHOLARSHIP 3 14400 ROBERT & BESS COOK ENDOWED SCHOLARSHIP 1 1000 DETROIT OPPORTUNITY SCHOLARSHIP 4 11123 WILMA CLEARY ENDOWED SCHOLARSHIP 1 3000 OTHER SCHOLARSHIP 1 2260 Part I, Line 2: THE GRANTS AND SCHOLARSHIPS AWARDED BY CLEARY UNIVERSITY ARE USED TO PAY TUITION AND FEE CHARGES ON STUDENT ACCOUNTS. THE UNIVERSITY IS ABLE TO MONITOR WHETHER RECIPIENTS REMAIN STUDENTS AT THE UNIVERSITY THROUGH THE REGISTRAR'S OFFICE, and CLASS ATTENDANCE TAKEN BY PROFESSORS. X 1 1 X X 0 0 0 0 0 0 0 0 0 jayson boyers PRESIDENT 237406 0 0 0 0 0 11358 0 13071 0 261835 0 0 0 THOMAS SULLIVAN former PRESIDENT & CEO EXECUTIVE BENEFIT PLAN X 110000 157516 0 1 1 157516 X 62 642900 INDEPENDENT APPRAISER X 59970 FMV X 1 190380 FMV 0 1 0 Form 990, Part VI, Section B, line 11b The Form 990 is reviewed by the Finance Committee prior to being filed and is recommended by them to the Board of Trustees for approval to file. Form 990, Part VI, Section B, line 12c All Board members and employees are asked about any conflict of interest based on the conflict of interest policy. If a conflict exists, the association with the conflicting interest is discontinued or the Board member or employee is not selected to serve. Form 990, Part VI, Section B, line 15 We establish a benchmark for every employee position based on one of the following: CUPA - HR - College & University Professional Association - Human Resources salary survey results or GAASHRM - Greater Ann Arbor Society for Human Resource Management Salary survey results. Every employee position is compared to a similar position in one of these surveys (CUPA is used if a position match exists) The average salary for like institutions or similar sized non-profits is used as our benchmark with a margin of 15% on either side of the average to establish our salary "range" for the position. Actual salary for an employee is based on experience and employment duration that moves one's salary up within the salary range. Form 990, Part VI, Section C, line 19 All governing documents, conflict of interest policy, and financial statements are available to the public upon request. Form 990, Part XII, Line 2c: THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.