2018-04-13T14:53:36-07:00 2017-05-31 990 2016-06-01 250965430 MERCYHURST UNIVERSITY MERC 8148242000 501 East 38th Street Erie PA 165460002 David Myron Vice President for Finance 8148242032 2018-04-13 66.211.206.42 2016 2021-01-29 14:40:06Z David P Myron 501 East 38th Street Erie PA 165460002 157555536 0 X www.mercyhurst.edu X 1926 PA Mercyhurst University is a fully accredited, four-year, Catholic comprehensive institution founded by the Sisters of Mercy in 1926. The Erie (Pa.) campus offers sixty-eight (68) undergraduate majors with fifty (50) minors and fifty-four (54) concentrations, as well as unique adult programs and eight (8) graduate programs. In addition, the institution maintains one- and two-year programs at Mercyhurst North East (North East, Pa.) and two satellite campuses- Mercyhurst Corry (Corry, Pa.) and Mercyhurst at Booker T Washington (Erie). 32 27 2558 250 363850 145138 14070258 17706134 122375106 127286942 941681 1355731 350275 747645 137737320 147096452 51099662 55500003 0 0 44584790 40109381 0 0 933227 45939469 52582852 141623921 148192236 -3886601 -1095784 134866406 134419916 41919791 40646883 92946615 93773033 Consistent with its Catholic identity and Mercy heritage, Mercyhurst University educates women and men in a culture where faith and reason flourish together, where the beauty and power of the liberal arts combine with an appreciation for the dignity of work and a commitment to serving others. Confident in the strength of its student-faculty bonds, the University community is inspired by the image of students whose choices, in life and work, will enable them to realize the human and spiritual values embedded in everyday realities and to exercise leadership in service toward a just world. 0 0 72819395 47481037 101925635 At the fall census date during the 2016-17 academic year there were 3665 students enrolled in undergraduate, graduate, and associate degree programs at the main campus in Erie (2839) and at North East and other satellites (826). The student population was comprised of 2974 full-time and 363 part-time undergraduate students along with 197 full-time and 131 part-time graduate students. There were 179 full-time and 78 part-time faculty. During the academic year, 889 total degrees were conferred in the following categories; Baccalaureate 550, Associate 146, Masters 120, Post-baccalaureate 2, UG certificate 44 and Grad certificates 27. The University offered 8 graduate programs, 68 undergraduate majors with 50 minors and 54 concentrations on the Main campus, 21 associate degree programs on the North East campus and 4 associate degree programs at the University's two educational learning centers. Additionally, there were 11 undergraduate certificate programs, 9 advanced certificate programs and 12 graduate certificate programs. 15307734 0 22728803 Auxiliary services includes student housing, foodservice, the university bookstore and the university's conference center on the Main and North East campuses. The total student population in university housing was 1,783 on the Main campus and 180 on the North East campus for the 2016-17 fiscal year. 1,652 students had paid meal plans while many other students and employees dine in university facilities on a pay-as-you-go basis. The university maintains a bookstore on the Main campus as well as the North East campus. The university has conference center facilities at both campuses and regularly hosts outside groups and organizations. 16514270 7965666 835413 Mercyhurst University has 602 student-athletes making up 24 athletic teams, 12 women and 12 men, competing at both the NCAA Division I (Men's and Women's Hockey) and Division II levels. These teams are members of six different athletic conferences, with the preponderance of sports being affiliated with the Pennsylvania State Athletic Conference. The athletic department is also supported by athletic administration, athletic training, the recreational training facility and the department of sports information. The athletic department is comprised of 12 full-time head coaches and 12 part-time head coaches along with 11 full-time and 36 part-time assistant coaches. Athletic administration and support includes another 78 full- and part-time and 39 student employees. The department also utilizes over 40 volunteers. The North East campus sponsors another 9 sports teams, 5 men and 4 women, and are members of the National Junior College Athletic Association. North East athletics includes another 171 student athletes along with 9 full-time coaches and 13 part-time coaches/graduate assistants, 2 full-time administrative personnel and 2 volunteers. 33834789 53300 1710122 All other program related activities. 33834789 53300 1710122 138476188 1 1 0 1 0 0 1 1 0 1 1 0 0 0 1 0 0 1 1 1 1 0 0 0 1 0 0 1 1 1 1 0 0 0 0 0 1 1 1 1 0 1 1 0 0 1 1 1 1 0 0 1 122 0 1 2558 1 1 1 1 CJ EI 0 0 0 1 1 0 0 0 0 X 32 27 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X X David P Myron 8148242032 501 East 38th Street Erie PA 165460001 Bader Sister Mary Ann Board of Trustees 1 X 0 0 0 Cavanaugh Terrence W Board of Trustees 1 X 0 0 0 Courneen Sister JoAnne K Vice Chair of the Board 2 X 0 0 0 Dahlkemper Mary Ellen Board of Trustees 1 X 0 0 0 Durkin Rosemary D Secretary of the Board 2 X 0 0 0 Fiedler Stephen J Board of Trustees 1 X 0 0 0 Gerety Jane Board of Trustees 1 X 0 0 0 Jeffress Andrea T Board of Trustees 1 X 0 0 0 Kern B Scott Board of Trustees 1 X 0 0 0 Kubiak Lev J Board of Trustees 1 X 0 0 0 Langer John H Board of Trustees 1 X 0 0 0 Lanzillo Richard A Chair of the Board 2 X 0 0 0 Lewis William G Board of Trustees 1 X 0 0 0 Lilly Brian M Board of Trustees 1 X 0 0 0 MacKinlay Robert D Jr Board of Trustees 1 X 0 0 0 Maher Yvonne J Board of Trustees 1 X 0 0 0 Mazza Robert Board of Trustees 1 X 0 0 0 McDonald Desmond J Board of Trustees 1 X 0 0 0 Munch John A Board of Trustees 1 X 0 0 0 NeCastro Joseph G Vice Chair and Treasurer of the Board 2 X 0 0 0 Pietraszek Margaret M Board of Trustees 1 X 0 0 0 Ryan M Ellen H Board of Trustees 1 X 0 0 0 Salvia Mark J Board of Trustees 1 X 0 0 0 Saxon John W Board of Trustees 1 X 0 0 0 Titzel Melanie R President, Mercyhurst Alumni Assoc. 2 X 0 0 0 Tompkins P Kelly Board of Trustees 1 X 0 0 0 Weschler Patrick J Board of Trustees 1 X 0 0 0 Zaphiris Peter J Board of Trustees 1 X 0 0 0 Holley Shannon B President, Mercyhurst Student Government 2 X 9606 0 0 Hosey-McGurk Joanne M President, Faculty Senate 45 X 62580 0 10441 Dausey David J Chair, University Council & Provost 45 X X 183675 0 23135 Victor Michael T President & Board 45 X X 365287 0 32301 Bollheimer Meredith General Counsel, VP of Legal Affairs 45 X 86674 0 22204 Myron David P VP of Finance and Administration 45 X 121051 0 1651 Stepherson Jane K Assistant VP for Finance/Treasurer 45 X 113289 0 19528 Brown Gary M Sr VP and COO of NE McCauley College 45 X 162293 0 24983 Breckenridge James G Dean of the Ridge College 45 X 155652 0 8351 Hagan Frank E Professor of Criminal Justice 45 X 122798 0 12669 Gamble Thomas J Director of Sponsored Research 45 X 111552 0 20197 Pond Floyd Deputy Director, HIDTA 45 X 140594 0 7639 Sisti Michael A Head Coach Women's Hockey 45 X 118336 0 22490 Adovasio James M Former Professor of Archeology and Anthropology 0 X 157857 0 18257 1911244 0 223846 25 1 1 0 Aramark Corporation PO Box 978839 Dallas TX 753978839 Maintenance 6681629 Parkhurst Dining Services 285 E Waterfront Drive Homestead PA 15120 Dining Services 6244323 Annandale Office Center LLC 6715 Little River Turnpike Suite 100 Annandale VA 22003 Rent 391660 BKD LLP 200 E Main Street Suite 700 Fort Wayne IN 468021900 Accounting and Auditing 113042 Buehler and Associates Inc 100 State Street Suite B100 Erie PA 16507 Architectual and Interior Design and Planning 107987 5 0 0 0 0 14708753 2997381 31045 17706134 Tuition & Fees 611310 101925635 101925635 0 0 Auxilliary Services 611310 22728803 22728803 0 0 Government Grants & Contracts 611310 1429339 1429339 0 0 Other Educational Related 611310 441955 441955 0 0 761210 753785 7425 0 127286942 464461 0 0 464461 0 0 0 0 0 0 0 0 245905 356425 144153 221285 101752 135140 236892 -221285 356425 101752 10920998 2725 10032453 0 888545 2725 891270 2725 0 888545 571946 0 61193 510753 0 510753 0 0 0 0 0 0 0 0 0 0 0 0 0 147096452 127060957 363850 1965511 X 53300 53300 55446703 55446703 0 0 0 0 587129 314068 172672 100389 165176 165176 0 0 29560328 26108256 3115827 336245 1034528 974319 57056 3153 6812269 5023831 1585951 202487 1949951 1794295 139885 15771 0 0 0 0 96502 0 96502 0 141106 0 141106 0 150964 0 0 150964 0 0 62982 0 62982 0 16035013 15492065 542948 0 723015 191509 531506 0 4936153 4208756 696779 30618 4121154 3748934 347333 24887 0 0 0 0 3499814 3421733 54307 23774 1683536 1589800 93736 0 0 0 0 0 1196325 868804 282582 44939 2995135 2995135 0 0 0 0 0 0 4385141 4385141 0 0 871266 186700 684566 0 Cost of Sales - Dining, Bookstore & Production 7201558 7201558 0 0 Bad Debts, Write-offs, and Collections 702608 702608 0 0 Recruiting 343702 325689 18013 Athletic Team Expenses 550199 550199 0 0 2886679 2727609 159070 0 148192236 138476188 8782821 933227 0 0 147195 7789898 4695080 3852919 641253 802108 0 14942 0 0 1954660 1960303 385182 372638 504162 1205444 168804096 79121189 90832013 89682907 32285881 26504482 0 0 0 0 290415 0 3130565 2234275 134866406 134419916 9596713 7882334 0 0 4408709 5185629 24630000 25196537 0 0 0 0 558007 499400 0 0 2726362 1882983 41919791 40646883 X 69788041 68858985 3947598 5341692 19210976 19572356 92946615 93773033 134866406 134419916 -1095784 1922202 0 0 0 0 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 150964 150964 146241387 146392351 1000000 250000 0 0 1000000 1000000 1000000 1000000 4000000 6000000 110945 102500 103673 150964 468082 250000 250000 250000 250000 1000000 1500000 0 0 0 0 0 Schedule C, Part II-A, Line 1c Mercyhurst University retains a lobbyist that provides many services to Mercyhurst including, but not limited to, advice on government grants and contracts, access and introductions to government agencies, government leaders, and media outlets, and advocacy on behalf of Mercyhurst University. X 1 16.89 0 0 0 1 0 0 0 1 0 0 X X X 0 30961271 796159 415028 1509660 0 0 30662798 31517678 1977000 -1621453 911954 0 0 30961271 31007765 553363 1206165 1249615 0 0 31517678 28254650 519240 3219927 986052 0 0 31007765 25015609 321672 3880893 963524 0 0 28254650 0.2638 0.6382 0.098 1 0 422168 3934567 4356735 0 119277246 49766037 69511209 0 4360 0 4360 0 28756024 24751755 4004269 0 16409731 4603397 11806334 89682907 Federal Government Advance for Student Loans 1315920 Student Deposits 530916 Trusts Payable 36147 1882983 X 93119857 1922202 0 0 456472 2378674 90741183 1630842 54724427 56355269 147096452 92293439 0 0 0 456472 456472 91836967 1630842 54724427 56355269 148192236 Schedule D, Part II, Line 9 The University does not derive any revenue from this agreement beyond the original $1 it received in entering into the agreement. As stated in question 7 above, there are no expenses exclusively or directly related to the easement agreement. Being that the 16.89 acres of the easement was part of the land purchased by the University, the fair market value of the easement is included on the University's books and financial statements as property, plant and equipment. There is not a separate footnote in the University financial statements addressing the easement agreement. Schedule D, Part III, Line 1 Collections of works of art, historical treasures and similar assets are not capitalized in as much as the items are preserved and cared for continuously. Contributions of collection items are not reported in the financial statements. The University's collections consist primarily of paintings, sculptures, and other works of art, books, and antique furniture. Schedule D, Part III, Line 4 The observance and study of works of art and historical treasures are part of the educational curriculum in many disciplines. The University maintains a collection to further and enhance the educational experience in these disciplines, which is the primary reason for the University's exempt purpose. Schedule D, Part V, Line 4 The University's endowment consists of individual funds established for a variety of purposes. The endowment includes both donor-restricted endowment funds and funds designated by the Board of Trustees to function as endowments (board-designated endowment funds). Many of the individual funds established provide scholarships to students. Several other endowments support academic programs, the library, the performing arts center and other areas of the University. Schedule D, Part X, Line 2 Management has evaluated their income tax positions under the guidance included in ASC 740. Based on their review, management has not identified any material uncertain tax positions to be recorded or disclosed in the financial statements. Mercyhurst University is exempt from income taxes under Section 501(a) of the Internal Revenue Code (the Code) as an organization described under Section 501(c) of the Code, as well as a similar provision of state law. However, Mercyhurst University is subject to federal income tax on any unrelated business income. Schedule D, Part XI, Line 2d This line includes various items that are recorded as part of net revenues on Schedule VIII; Rental expenses, Loss on Disposition of Assets, Fundraising expenses, Administrative Cost Allowance, and Donated Items. Schedule D, Part XI, Line 4b Financial assistance awarded to students of the institution which is recorded as a contra-revenue in the audited financial statements as well as some revenue items that were previously net against expenses. Schedule D, Part XII, Line 2d This line includes various items that are recorded as part of net revenues on Schedule VIII; Rental expenses, Loss on Disposition of Assets, Fundraising expenses, Administrative Cost Allowance, and Donated Items. Schedule D, Part XII, Line 4b Financial assistance awarded to students of the institution which is recorded as a contra-revenue in the audited financial statements as well as some revenue items that were previously net against expenses. 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 practice is to print our racial nondiscrimination policy in all publications directed toward students, prospective students, and parents. The policy is also referred to in radio, television, and print advertising as well as being fully disclosed on the University's website. Schedule E, Part I, Line 6 The University receives an Institutional Assistance Grant from the Pennsylvania Higher Education Assistance Agency (PHEAA). This aid is determined by the number of Pennsylvania state grant recipients enrolled at the University during the current academic year. North America (including Canada and Mexico, but not the United States) 0 24 Program Services Student Recruiting 32629 Central America and the Caribbean 0 7 Program Services Study Abroad 84890 South America 0 4 Program Services Study Abroad 132060 Europe (including Iceland and Greenland) 1 29 Program Services Study Abroad and Student Recruitment 438934 Sub-Saharan Africa 0 3 Program Services Study Abroad 16011 East Asia and the Pacific 0 2 Program Services Student Recruitment 3891 East Asia and the Pacific 0 1 Speaking at Seminars or Conferences Counter Terrorism Financing Seminar 28602 South Asia 0 2 Program Services Student Recruitment 5994 1 72 743011 1 0 1 1 0 0 Women's Hockey Beef n' Beatles 17130 0 17130 600 1450 500 2065 570 231 Wrestling Team Golf Outing 15937 0 15937 0 0 1876 390 0 2303 5 57990 0 57990 2064 3417 14479 12972 17982 2429 91057 0 91057 2664 4867 16855 15427 18552 4963 63328 27729 1 North East Township 10300 W Main Road North East PA 16428 256002317 30000 Donation to the North East Township for the purchase of a police vehicle. 0 1 University funded financial assistance based on need and merit provided to students attending Mercyhurst University. 3771 55446703 Schedule I, Part I, Line 2 Every student who receives financial aid from the University must complete an annual Free Application for Federal Student Aid (FAFSA) form and make satisfactory academic progress in order to retain their aid. Reviews are also conducted on each student to ensure that their grades, academic standing, and major continue to qualify them for the financial aid. These review processes are conducted annually at the end of the University's spring term, prior to the renewal of financial aid packages for the students. X X X X X 0 1 X X X X 1 0 0 0 0 0 0 1 0 Adovasio James M Former Professor of Archeology and Anthropology 0 0 0 0 160103 0 8800 0 9457 0 178360 0 Breckenridge James G Dean of the Ridge College 156330 0 0 0 165 0 7865 0 486 0 164846 0 Brown Gary M Sr VP and COO of NE McCauley College 166730 0 0 0 488 0 9144 0 15839 0 192201 0 Dausey David J Chair, University Council & Provost 186750 0 0 0 949 0 5833 0 17301 0 210833 0 Victor Michael T President & Board 365000 0 0 0 4355 0 15000 0 17301 0 401656 0 Schedule J, Part I, Line 1a Schedule J, Part I, Line 1a - (1) First Class or Charter Travel - The President is permitted to fly first class while certain other VPs are permitted if the trip is either cross country or international in nature, or if accompanying the President. To the extent the spouse of an employee permitted to fly first class is required to accompany them on a particular trip, these privileges extend to the spouse. The University did not use any charter travel during the reporting period. (2) Travel for Companions - the President is permitted to take his wife on certain trips that is furtherance of the advancement of the University. The Provost and certain other Vice Presidents who are involved in fund raising and entertainment events are occasionally permitted to take their spouses or companions on such trips. All costs associated with spousal travel are treated as compensation. (4) Discretionary Spending - the President, the Provost incurred certain travel expenses without having to account to the institution under the accountable plan rules. These amounts have been reported as compensation to these individuals. (7) The President, as part of his contract, and certain other VPs received social club memberships. This benefit was considered taxable and taxed accordingly. (8) The President, as part of his contract, is provided a personal driver for events attending as a representative of the University. Schedule J, Part I, Line 1b The Organization provided payment and/or reimbursement to certain disqualified persons for certain expenses that were not done so in accordance with the Organization's written policies covering said expenses. Schedule J, Part I, Line 3 The Mercyhurst University Board of Trustees follows the recommendation of the Association of Governing Boards of Colleges and Universities among other leading authorities in our industry when dealing with presidential compensation and therefore, adheres to best practices established. The process/policy for setting presidential compensation at Mercyhurst University is the following. At Mercyhurst University, the Committee on Compensation of the Board of Trustees is responsible for the compensation-setting function of the President. The committee consists of no fewer than three trustees appointed by the chair of the board, who will also name a chair and vice chair. These trustees must be independent, without a conflict of interest as it relates to this area, and may not have been employed by Mercyhurst University in the last five years. No member may be an executive of Mercyhurst University. Continuously throughout the year, the Committee on Compensation evaluates the President's performance for the fiscal year-end and conducts a formal review at least once a year. The committee reviews the president's performance in light of the university's goals and objectives. In addition, the committee reviews the President's compensation to ensure that his compensation complies with rules governing tax-exempt universities described in the Internal Revenue Code, complies with compensation rules and regulations promulgated by any other regulatory agency or legislative authority and aligns appropriately with compensation levels at comparable universities. They use this review as the basis for recommendations on the president's compensation. The committee negotiates the terms of the (new or renewed) president's contract and increases in compensation level, elements of the compensation package, and structure. The recommendation is then presented for approval of the full board. At this time, the committee also requests the President to provide a list of goals and objectives for the institution and for the office of the president for the forthcoming year. This document provides the baseline used in evaluating the performance of the President. This request is followed up by a request of the Committee on Compensation to the President to prepare a report that assesses progress on each of the annual and standing objectives presented in the report. Schedule J, Part I, Line 4 In calendar year 2016, James Adovasio received $160,000 of a severance payment and Thomas Gamble received a $75,000 severance payment. Schedule J, Part I, Line 7 Discretionary Spending - The President, the Provost and certain other Vice Presidents incurred certain travel expenses and nor meet the accountable plan rules. These amounts have been reported as compensation the these individuals. A 2016 Series CEHEBA 251536711 295435CD1 2016-12-01 25618931 Refunding of 2004 and 2008 issues 1 0 0 A 0 19280000 25627177 2128170 0 20594486 339591 0 0 0 0 0 1 1 0 1 A 0 0 1 1 0 0.006 0.002 0.008 0 0 1 A 0 1 0 1 0 0 0 1 1 A 1 Schedule K, Part I, Column f-12/01/2016 25,618,931 2016 Series CEHEBA On December 1, 2016, the University issued University Revenue Refunding Bonds through the Authority. The 2016 Bond proceeds were used to finance a project consisting of (a) current refunding of all of the 2004 Series A and B Bonds; (b) the advance refunding of all of the 2008 Bonds; (c) the funding of a debt service reserve fund; and (d) the financing of the costs relating to the issuance of the 2016 Bonds. The 2004 Bond proceeds were used to finance a project consisting of (a) current refunding of all of the 1993 Bonds; and (b) the financing relating to the issuance of the 2004 Bonds. The 1993 Bond Proceeds were used to finance a project consisting of (a) advance refunding of all outstanding debt under previously issued Bonds; (b) the construction of on-campus apartment buildings, townhouses and a parking deck; (c) the purchase of certain land and buildings on which the University is situated; (d) a portion of the costs associated with the construction of a concert hall; (e) the funding of a debt service reserve fund; and (f) the financing costs relating to the issuance of the 1993 Bonds. The 2008 Bond proceeds were used to finance a project consisting of (a) current refunding of all 1997 Bonds, (b) the financing of the construction of a four-story, approximately 100,000 square foot 320-bed residence hall on the University's Erie campus, (c) the financing of the construction of a two-story, approximately 22,000 square foot 75-bed residence hall on the University's North East campus, (d) the funding of a debt service reserve fund; and (e) the financing of the costs relating to the issuance of the 2008 Bonds. The 1997 Bond proceeds were used to finance a project consisting of (a) the acquisition of apartment buildings for student housing; (b) the completion and automation of the University's library; (c) the renovation of McAuley Hall; (d) the construction of additional University Facilities; (e) the funding of a debt service reserve fund; and (f) the financing of all or a portion of the costs relating to the issuance of the 1997 Bonds. Schedule K, Part II, Line 3-12/01/2016 25,618,931 2016 Series CEHEBA The difference between Part II, Line 3 and Part I, column e in cumulative interest earnings on the bond trust accounts for the Fiscal Year ending May 31, 2017 Schedule K, Part IV, Line 2c-12/01/2016 25,618,931 2016 Series CEHEBA 12/01/2015 - $25,618,931 - 2016 Series - The date that the rebate computation was performed December 1, 2016 to May 31, 2017. The first IRS five year computational due date is 12/01/2021 for the 2016 Series Bond. Schedule K, Part IV, Line 6-12/01/2016 25,618,931 2016 Series CEHEBA Part of the 2016 Series Bond Issue was an advanced refunding of the 2008 Series Bonds, which were placed in a yield restricted escrow fund, until the call date of 9/15/2018. Gary M Brown Sr VP and COO of NE McCauley College Daughter's Tuition X 18550 14942 0 0 1 14942 Exception for Schools Not Required 64049 Tuition Exchange Financial Aid Exception for Schools Not Required 30614 Merit Based Financial Aid William Jeffress Spouse of Trustee 54463 Compensation 0 Heidi Hosey-McGurk Spouse of Trustee 110712 Compensation 0 Schedule L, Part IV (1) William Jeffress is the husband of Trustee Andrea Jeffress, M.D. and he is an employee of Mercyhurst University. (2) Heidi Hosey-McGurk is the spouse of Trustee Joanne Hosey-McGurk and she is an employee of Mercyhurst University. X 5 49442 FMV X Miscellaneous 5 31045 FMV 0 0 1 1 Schedule M, Part I, Line 32b Mercyhurst has an account with a financial/investment institution. When stock gifts are received they are delivered to this institution and sold by them on behalf of the University with the proceeds being deposited into our account. Form 990, Part VI, Section A, Line 2 Joseph G NeCastro (Trustee) has a family relationship with Mark J Salvia (Trustee). Form 990, Part VI, Section B, Line 11b The Form 990 for Mercyhurst University for the current fiscal year end was reviewed in detail by the Vice President for Finance and Administration, and by an independent accounting firm prior to filing with the IRS. In addition to management's review of the Form 990, each voting member of the Mercyhurst University Board of Trustees was e-mailed a notification approximately one week before the filing deadline that the final Form 990, including all required schedules, was made available on a secured website for review. Trustees were given an opportunity to ask questions and provide feedback to management prior to the filing of the return with the IRS. Form 990, Part VI, Section B, Line 12c Mercyhurst University has a written Conflict of Interest Policy. All officers, Trustees, and members of the President's Cabinet are required to disclose to the Board of Trustees any possible conflict of interest at the earliest practical time. Further, the Trustee shall absent him or her from discussion of, and abstain from voting on, such matters under consideration by the Board of Trustees or its committees. Each officer, Trustee, and member of the President's Cabinet shall complete and sign by May 15 of each year (or the first business day thereafter if May 15 falls on a weekend or holiday) a conflict of interest disclosure form provided annually by the Secretary of the Board of Trustees. The annual conflict of interest disclosure forms are reviewed first by the Chair of the Board of Trustees, who also serves as Chair of the Executive Committee and by the full Executive Committee of the Board of Trustees typically at its Fall meeting. Copies of the annual conflict of interest disclosure forms are provided to the Executive Committee of the Board of Trustees, the Chair of the Board of Trustees, the Secretary of the Board of Trustees, the Chair of the Committee on Audit, the external audit firm, and the President of the University. In February 2013, the Board of Trustees introduced a mid-year Conflict of Interest Update to the annual Disclosure Form to enable those covered by the Conflict of Interest Policy to disclose any new conflicts that have arisen since the completion of the annual conflict of interest disclosure form. Form 990, Part VI, Section B, Line 15 Form 990, Part VI, Section B, Line 15 - The President reviews compensation increases for all employees. The President specifically makes recommendations for salary increases for employees who report directly to him. Salary increases are merit based, based upon the President's assessment of the individual's performance. In the spring the President presents his recommendations to the Committee on Compensation of the Board of Trustees for review and approval. The committee reviews the compensation requests to ensure that their compensation reflects Mercyhurst University's compensation philosophy, complies with rules governing tax-exempt universities described in the Internal Revenue Code, complies with compensation rules and regulations promulgated by any other regulatory agency or legislative authority and aligns appropriately with compensation levels at comparable universities. After approval salary increases are communicated to employees in the form of an annual appointment letter signed by either the President, the Provost, or the Vice President for Finance and Administration. Form 990, Part VI, Section C, Line 19 Mercyhurst University posts on its website its public disclosure requirement for Federal Form 990 and 990T. Additionally, on that website, it alerts users that if they wish to obtain either the University's Conflict of Interest policy or the governing documents of the University, they are available upon request. Form 990, Part IX, Line 11g $6,054,856 of the expenses for other services are related to the maintenance contract with Aramark. $7,284,279 is related to contract services for Grants and Institutes. The remaining $2,695,878 is related to general contract services for the University. WB HIDTA Grant LLC 501 East 38th Street Erie PA 16546 821368498 Assist Enforcement in High Drug Trafficing Areas PA 0 0 N/A Erie Innovation District LLC 501 East 38th Street Erie PA 16546 821351558 Economic Development PA 0 0 N/A Mercyhurst Student Housing LLC 501 East 38th Street Erie PA 16546 821588242 Student Housing PA 0 0 N/A Mercyhurst College Ireland Dungarvan Enterprise Centre Parnell Street Dungarven County Waterford EI X35 FX45 000510643 Advancement and Educational EI Mercyhurst University C 97361 63966 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 Mercyhurst College Ireland p 123176 Actual Cost of Educational Programs