2018-04-27T09:00:16-05:00 2017-06-30 350921680 CROWE HORWATH LLP 330 E Jefferson Blvd PO Box 7 South Bend IN 466240007 990 2016-07-01 350868152 Saint Joseph's College SAIN 2198666000 1027 S College Ave Rensselaer IN 47978 Fr Barry Fischer RECTOR 2018-04-16 true Kenneth J Keber P00240883 5742323992 2016 2021-01-29 14:40:06Z X Fr Barry Fischer 1027 S College Ave Rensselaer IN 47978 46042215 false X www.saintjoe.edu X 1889 IN Saint Joseph's College is a liberal arts college striving to prepare men and women to lead successful professional and personal lives consistent with Gospel values. 33 30 650 150 17149 -87505 3240360 3224364 30236721 29298459 712989 1363575 2812616 2418282 37002686 36304680 14204043 13992521 0 12309600 12664876 0 756736 14142651 14552912 40656294 41210309 -3653608 -4905629 118994777 88857020 33136120 34806579 85858657 54050441 Saint Joseph's College (Indiana), a primarily undergraduate Catholic college, founded and sponsored by the Missionaries of the Precious Blood, pledges itself to a tradition of excellence and to a liberal education that is a united endeavor of intelligence and faith. (Continued in Schedule O) false false 33181617 13992521 29574077 AT SAINT JOSEPH'S COLLEGE, WE CARRY ON THE CATHOLIC INTELLECTUAL TRADITION -- AN INTEGRAL PART OF OUR MISSION. NOT ONLY DO WE TEACH FACTS AND CONCEPTS, BUT WE ALSO FURNISH STUDENTS WITH THE TOOLS TO APPLY THOSE IDEAS TO THE WORKPLACE AND TO THEIR LIVES. THROUGH THIS, WE PROVIDE STUDENTS THE RESOURCES TO SPEAK AND WRITE EFFECTIVELY AND GIVE THEM A SOLID BASIS FOR HOW WE LEARN, LIVE, AND WORK AS A SOCIETY ACCORDING TO GOSPEL VALUES. HERE AT SAINT JOSEPH'S COLLEGE, WE ARE CREATING NEW ACADEMIC PROGRAMS TO RESPOND TO THE NEEDS OF TODAY'S STUDENTS. WE ARE ALSO CREATING NEW PARTNERSHIPS WITH BUSINESSES, OTHER COLLEGES, AND REGIONAL HIGH SCHOOLS. ALL IN ALL, WE ARE STRIVING TO ENSURE THAT SAINT JOSEPH'S COLLEGE WILL REMAIN THE HIGH-QUALITY CATHOLIC HIGHER EDUCATION INSTITUTION THAT STUDENTS, ALUMNI, PARENTS, AND FRIENDS HAVE KNOWN SINCE 1889. (CONTINUED IN SCHEDULE O) 33181617 true true false false false true true false false true true false false false true true true false true false false false false false false false false false true true false false false true true false true false false false false false false true false false false true 1201 0 true 650 true true true false false false false false false false false false false false false X 33 30 false false true false true false true true true false false false true true true true true true false false IN X Fr Barry Fischer 2198666000 1027 S College Ave Rensselaer IN 47978 Benedict J Sponseller Chair 1.0 X X 0 0 0 Stephen Ruff Co-Chair 1.0 X X 0 0 0 John Nichols PhD Secretary/Professor 20.0 X X 0 0 0 Fr William Stang Trustee/Religious Advisor to the President 40.0 X X 0 0 0 Bishop Timothy Doherty Trustee 1.0 X 0 0 0 Carol Wood Trustee 1.0 X 0 0 0 David Owens Trustee 1.0 X 0 0 0 Larry Laudick Trustee 1.0 X 0 0 0 Patricia Mulcahy-Shanahan Trustee 1.0 X 0 0 0 John Gause Trustee 1.0 X 0 0 0 Mary Pat Wesche Trustee 1.0 X 0 0 0 Janice Pyrce Trustee 1.0 X 0 0 0 Mark Behnke Trustee 1.0 X 0 0 0 Todd Rokita Trustee 1.0 X 0 0 0 Larry Hemmelgarn CPPS Trustee 1.0 X 0 0 0 Daniel Daluga Trustee 1.0 X 0 0 0 Terra Maienbrook Trustee/Faculty 40.0 X 66532 0 27280 Edwin Langhenry Trustee 1.0 X 0 0 0 Catherine Tymkow Trustee 1.0 X 0 0 0 Stephen Dos Santos Trustee 1.0 X 0 0 0 W Erik Weber Trustee 1.0 X 0 0 0 Paul Misniak Trustee 1.0 X 0 0 0 Kris Sakelaris Trustee/ADJUNCT FACULTY 1.0 X 4800 0 0 Edward Habrowski Trustee/ADJUNCT FACULTY 1.0 X 14425 0 0 Jim Boler Trustee 1.0 X 0 0 0 Mark Peres CPPS Trustee 1.0 X 0 0 0 Margaret Guccione Trustee 1.0 X 0 0 0 Jared Smith Trustee 1.0 X 0 0 0 Fr William O'Donnell CPPS Trustee 1.0 X 0 0 0 Lou Offer Trustee 1.0 X 0 0 0 Cassian Cheung Trustee 1.0 X 0 0 0 Michael Van Eekeren Trustee 1.0 X 0 0 0 Michael Vallone TRUSTEE 1.0 X 0 0 0 Michael Scudder TRUSTEE (PARTIAL YEAR) 1.0 X 0 0 0 Jose Arteaga Student Association President/Trustee (partial year) 1.0 X 5447 0 0 STEVE LIGDA TRUSTEE (PARTIAL YEAR) 1.0 X 0 0 0 Scott Gilreath Vice President of Information Technology (through September 2016) 40.0 X 81983 0 20252 CPPS Rob Reuter RELIGIOUS ADVISOR TO THE PRESIDENT 1.0 X 0 0 0 Eileen Doherty Vice President for Student Development (beg July 2016) 40.0 X 48730 0 1646 Chad Pulver VP for Academic Affairs 40.0 X 105212 0 31478 BETH TERRELL Assistant VP Enrollment Management 40.0 X 74278 0 2220 Robert Pastoor President (through May 2017) 40.0 X 230676 0 77428 Fr Barry Fischer RECTOR (BEGINNING MAY 2017) 40.0 X 0 0 0 Gregory Roberts Vice President of Institutional Advancement 40.0 X 160613 0 14786 Spencer Conroy VP for Business Affairs & Treasurer 40.0 X 149246 0 20534 941942 0 195624 4 false true false Sodexo Inc and Affiliates 4880 PAYSPHERE CIRCLE CHICAGO IL 60604 FOOD SERVICE 2215044 The Pelican Group Consulting Inc 44050 Ashburn Plaza Suite 195-723 Ashburn VA 20147 Consulting 371575 Advanced Systems Group PO BOX 1287 FORT WAYNE IN 46801 ENGINEERING FOR MEDIA AND ENTERTAINMENT 294943 Registry for College and University Presidents 3 Centennial Drive Peabody MA 01960 CONSULTING 274563 Benchmark Mechanical Inc 318 E Monroe Street Kokomo IN 46901 Hvac/plumbing 228816 16 X 764948 2459416 3224364 Tuition and Fees 611710 23116172 23116172 Dining Hall & Student Center 611703 2957655 2957655 Residence Halls 611710 3224632 3213708 10924 0 0 0 0 29298459 203821 203821 2180987 0 2180987 0 2180987 6225 2174762 10848042 9688288 1159754 0 1159754 1159754 0 49247 -49247 -49247 Fees and Fines 900099 69757 69757 Service Department 900099 24532 24532 Athletic event revenue 900099 14270 14270 177983 177983 0 0 286542 36304680 29574077 17149 3489090 13992521 13992521 1101304 826010 229579 45715 153789 153789 8828229 6041683 2364191 422355 216000 150418 55556 10026 1828885 1273495 470486 84904 536669 373727 138033 24909 259164 259164 85643 85643 40345 40345 1743416 241599 1498682 3135 35400 3183 32217 2124548 1741068 255806 127674 169090 58596 110494 2385 2385 1584129 1070173 513956 688957 562777 103213 22967 1321049 1321049 1925994 1518382 407612 429524 429524 Summer camps and student expenses 1902424 1902424 Membership dues & subscriptions 157571 102060 50651 4860 Professional development and recruiting 155806 118177 37629 Allowance for uncollectible contributions 83566 83566 1843901 1215011 618699 10191 41210309 33181617 7271956 756736 2596484 1538242 1681107 1446187 758247 1406651 1002103 301979 2000 3472 0 0 1772778 1883894 82040 4870 201690 110445 130907330 55322412 101746494 75584918 7954793 5821047 646918 691275 0 550123 64040 118994777 88857020 1470674 4090960 1352231 1026100 0 0 27506450 26738290 2806765 2951229 33136120 34806579 X -2660428 -24218621 6057627 3057280 82461458 75211782 85858657 54050441 118994777 88857020 X -4905629 -1647878 -694000 -24560709 X false true X true true true X 2867827 3830880 3471088 3255339 3224364 16649498 0 0 2867827 3830880 3471088 3255339 3224364 16649498 0 16649498 2322428 2395354 2814774 3029971 2378583 12941110 0 0 0 0 0 0 1327242 526178 454379 432400 286542 3026741 32617349 148133190 0.5104 0.4868 X Schedule A, Part II, Line 10 Other Income DESCRIPTION - FUNDRAISING INCOME, COLUMN A - 143564.0, COLUMN B - 40140.0, COLUMN C - 29801.0, COLUMN D - 20021.0, COLUMN E - 0.0, COLUMN F - 233526.0; DESCRIPTION - GAMING INCOME, COLUMN A - 23382.0, COLUMN B - 20993.0, COLUMN C - 21099.0, COLUMN D - 24386.0, COLUMN E - 0.0, COLUMN F - 89860.0; DESCRIPTION - SALES OF INVENTORY, COLUMN A - 764687.0, COLUMN B - 211419.0, COLUMN C - 188930.0, COLUMN D - 172929.0, COLUMN E - 0.0, COLUMN F - 1337965.0; DESCRIPTION - OTHER INCOME, COLUMN A - 395609.0, COLUMN B - 253626.0, COLUMN C - 214549.0, COLUMN D - 215064.0, COLUMN E - 286542.0, COLUMN F - 1365390.0; RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1 0 0 1254654 false false X X 2 345.0 1 0 0 1 false 1.0 3500 19564536 81246 -360510 2459560 2470099 824023 13531590 24158521 103345 -697936 2850617 855835 292942 19564536 24856806 49943 224291 628072 195576 148871 24158521 24313179 275881 2578622 626467 1539654 144755 24856806 24179514 33535 710858 364445 143331 102952 24313179 0.1924 0.6469 0.1607 false false 73441324 44582 73485906 49185996 47287960 1898036 1968214 1965830 2384 6267214 6068622 198592 75584918 annuity contracts payable 101593 asset retirement obligations 900000 U.S. government advances 1949636 2951229 X -3809037 -1647878 153710 -38636796 -40130964 36321927 32000 -49247 -17247 36304680 27305179 153710 -14076087 -13922377 41227556 32000 -49247 -17247 41210309 Schedule D, Part II, Line 9 Conservation easements financial reporting The revenues and expenses associated with the properties subject to a conservation easement are netted together on the income statement within the appropriate revenue line. Schedule D, Part V, Line 4 Intended uses of endowment funds THE PURPOSE OF THE ENDOWMENT FUND IS TO PROVIDE FUNDS TO UNDERWRITE THE EDUCATIONAL NEEDS OF CURRENT AND FUTURE GENERATIONS OF STUDENTS WHILE ENHANCING THE WELL-BEING OF THE COLLEGE. TO SATISFY ITS LONG-TERM RATE OF RETURN OBJECTIVES, THE COLLEGE COMBINES THE GOAL OF TOTAL RETURN AND PRESERVATION OF CAPITAL WITH PRUDENT RISK TOLERANCE IN ORDER TO ALLOW INVESTMENT MANAGERS THE OPPORTUNITY TO ACHIEVE INVESTMENT RESULTS CONSISTENT WITH THE CATHOLIC VALUES OF THE COLLEGE. THE COLLEGE TARGETS A DIVERSIFIED ASSET ALLOCATION IN ORDER TO MANAGE DOWNSIDE VOLATILITY AND RISK WHILE ACHIEVING THE ENDOWMENT'S RETURN OBJECTIVES. Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote The College has received a determination letter from the Internal Revenue Service indicating that the College is a tax-exempt organization as provided in Section 501(c)(3) of the Internal Revenue Code of 1986 and, except for taxes pertaining to unrelated business income, is exempt from federal and state income taxes. No provision has been made for income taxes in the accompanying financial statements, as the College has had no significant unrelated business income. U.S. GAAP prescribes recognition thresholds and measurement attributes for the financial statement recognition and measurement of a tax position taken or expected to be taken in a tax return. Tax benefits will be recognized only if the tax position is more-likely-than-not sustained in a tax examination, with a tax examination being presumed to occur. The amount recognized will be the largest amount of tax benefit that is greater than 50% likely of being realized on examination. For tax positions not meeting the more-likely-than-not test, no tax benefit will be recorded. Management has concluded that they are unaware of any tax benefits or liabilities to be recognized at June 30, 2017 and 2016. The College is no longer subject to examination by U.S. federal taxing authorities for fiscal years before 2014 and for all state income taxes through fiscal year 2014. The College does not expect the total amount of unrecognized tax benefits to significantly change in the next 12 months. The College would recognize interest and penalties related to unrecognized tax benefits in interest and income tax expense, respectively. The College has no amounts accrued for interest or penalties as of June 30, 2017 and 2016. Schedule D, Part XI, Line 2(d) Other revenues in audited financial statements not in form 990 Scholarships - -13992521 Unrealized loss on permanently restricted farm land held as investment - -3999100 Unrealized loss on contribution receivable - -83566 Loss on impairment of land, buildings, & equipment - -20561609 Schedule D, Part XI, Line 4(b) Other revenues in form 990 not in audited financial statements Cost of Goods Sold - -49247 Schedule D, Part XII, Line 2(d) Other expenses in audited financial statements not in form 990 Scholarships - -13992521 Unrealized loss on contribution receivable - -83566 Schedule D, Part XII, Line 4(b) Other expenses in form 990 not in audited financial statements Cost of Goods Sold - -49247 true true true true true true true false false false false false false false false true false true Schedule E, Part I, Line 3 RACIALLY NONDISCRIMINATORY POLICY See Part II Schedule E, Part I, Line 6(a) FINANCIAL AID OR ASSISTANCE FROM A GOVERNMENT THE ORGANIZATION RECEIVES FINANCIAL ASSISTANCE FROM THE DEPARTMENT OF EDUCATION IN THE FORM OF TITLE IV FUNDS: PELL GRANTS, FEDERAL SUPPLEMENTAL EDUCATION OPPORTUNITY GRANTS, PERKINS LOAN FUNDS, DIRECT LOANS, ETC. THE ORGANIZATION ALSO RECEIVES FINANCIAL AID FROM THE STATE STUDENT ASSISTANCE COMMISSION OF INDIANA IN GRANTS SUCH AS: HIGHER EDUCATION AWARDS, FREE OF CHOICE, AND 21ST CENTURY. AID HAS NOT BEEN SUSPENDED OR REVOKED. THE ORGANIZATION ALSO RECEIVED A TITLE III STRENGTHENING INSTITUTIONS GRANT TO ASSIST WITH IMPROVING STUDENT RETENTION. Schedule E, Part I, Line 3 RACIALLY NONDISCRIMINATORY POLICY THE SAINT JOSEPH'S COLLEGE MISSION STATEMENT STATES, THE COLLEGE SERVES A DIVERSE STUDENT BODY COMPOSED OF MEN AND WOMEN OF ALL RACES, CREEDS, AND SOCIO-ECONOMIC BACKGROUNDS WHO CAN THRIVE ACADEMICALLY, SPIRITUALLY, AND SOCIALLY IN THIS INCLUSIVE COMMUNITY, WHICH IS PUBLISHED IN ALL THE EXTERNAL AND INTERNAL PUBLICATIONS. THE COLLEGE IS ALSO AN EQUAL OPPORTUNITY EMPLOYER AND STATES SO IN ALL OPEN POSITION LISTINGS. THE COLLEGE'S RACIALLY NONDISCRIMINATORY POLICY IS ALSO PUBLICIZED THROUGH THE STUDENT HANDBOOK. true SCHOLARSHIPS AWARDED 743 13856185 0 N/A N/A CAMPUS BASED FEDERAL AID 381 136336 0 N/A N/A Schedule I, Part I, Line 2 Procedures for monitoring use of grant funds. GRANTS AT THE COLLEGE ARE LIMITED TO TUITION WAIVERS AND SCHOLARSHIPS. TUITION WAIVERS ARE GRANTED ACCORDING TO TERMS AS SET FORTH IN THE EMPLOYEE HANDBOOK. SCHOLARSHIPS ARE AWARDED IN STUDENT FINANCIAL SERVICES ACCORDING TO GUIDELINES AS PUBLISHED IN THE ACADEMIC CATALOG. FUNDS ARE CREDITED DIRECTLY TO A STUDENT'S ACCOUNT TO ENSURE THE PROPER USE OF FUNDS. X X true true X X false false false false false false false false false Robert Pastoor President (through May 2017) 186223 0 10000 0 34453 0 6058 0 71370 0 308104 0 0 0 Gregory Roberts Vice President of Institutional Advancement 159269 0 0 0 1344 0 4844 0 9942 0 175399 0 0 0 Spencer Conroy VP for Business Affairs & Treasurer 142146 0 7000 0 100 0 4960 0 15574 0 169780 0 0 0 Schedule J, Part I, Line 1a Housing allowance or residence for personal use The contract for President of the College includes a monthly housing allowance and a monthly vehicle allowance. These allowances are taxable and were included on Schedule J, Part II, Column B(iii) . Schedule J, Part I, Line 1a Health or social club dues or initiation fees IN THE PRESIDENT'S CONTRACT, THERE IS A SECTION THAT STATES THAT THE PRESIDENT WILL HAVE DUES PAID TO CERTAIN SOCIAL CLUBS WHICH HE IS REQUIRED TO USE TO CONDUCT NETWORKING EVENTS FOR THE COLLEGE. THIS INCLUDES MEMBERSHIPS DUES FOR CURTIS CREEK COUNTRY CLUB IN RENSSELAER, SANDY PINES GOLF COURSE IN DEMOTTE, AND THE COLUMBIA CLUB IN INDIANAPOLIS, BUT NOT PERSONAL EXPENSES INCURRED AT THESE CLUBS. SINCE THE PAYMENT OF THESE EXPENSES IS ENTIRELY FOR BUSINESS PURPOSES, THE AMOUNTS ARE NOT CONSIDERED TAXABLE INCOME TO THE PRESIDENT. ROBERT PASTOOR PRESIDENT (through May 2017) COBRA PREMIUMS PAID BY ORGANIZATION ON BEHALF OF EMPLOYEE X 3472 3472 false false true 3472 SEE PART V SEE PART V 59300 TUITION WAIVERS STUDENT FINANCIAL ASSISTANCE MIKE NICHOLS SON OF JOHN NICHOLS (TRUSTEE) 83367 EMPLOYEE COMPENSATION & BENEFITS false JONATHAN NICHOLS SON OF JOHN NICHOLS (TRUSTEE) 64085 EMPLOYEE COMPENSATION & BENEFITS false Schedule L, Part III GRANTS OR ASSISTANCE BENEFITING INTERESTED PERSONS PER THE IRS INSTRUCTIONS FOR SCHEDULE L, COLLEGES, UNIVERSITIES, AND PRIMARY AND SECONDARY SCHOOLS ARE NOT REQUIRED TO IDENTIFY INTERESTED PERSONS TO WHOM THEY PROVIDED SCHOLARSHIPS, FELLOWSHIPS, AND SIMILAR FINANCIAL ASSISTANCE. INSTEAD, THESE ORGANIZATIONS MUST GROUP EACH TYPE OF FINANCIAL ASSISTANCE PROVIDED TO INTERESTED PERSONS IN SEPARATE LINES. FOR EACH LINE, THE SCHOOL IS TO REPORT IN COLUMN (C) THE TYPE OF ASSISTANCE AND AGGREGATE DOLLAR AMOUNT OF THAT ASSISTANCE; COLUMNS (A) AND (B) ARE TO BE LEFT BLANK. Form 990, Part III, Line 1 ORGANIZATION'S MISSION (CONTINUED FROM PART III) THE COLLEGE PLACES EXCEPTIONAL EMPHASIS ON THE EDUCATION OF THE WHOLE PERSON. ITS NATIONALLY KNOWN CORE CURRICULUM COMPLEMENTS UP-TO-DATE CAREER PREPARATION IN THE MAJOR. THESE ACADEMIC PROGRAMS ENRICH AND ARE ENRICHED BY PROGRAMS OF SPIRITUAL DEVELOPMENT, RESIDENCE EDUCATION, AND ATHLETICS. THE COLLEGE SERVES A DIVERSE STUDENT BODY COMPOSED OF MEN AND WOMEN OF ALL RACES, CREEDS, AND SOCIO-ECONOMIC BACKGROUNDS WHO CAN THRIVE ACADEMICALLY, SPIRITUALLY, AND SOCIALLY IN THIS INCLUSIVE COMMUNITY. SAINT JOSEPH'S COLLEGE IS A LIBERAL ARTS COLLEGE STRIVING TO PREPARE MEN AND WOMEN TO LEAD SUCCESSFUL PROFESSIONAL AND PERSONAL LIVES CONSISTENT WITH GOSPEL VALUES. TO FULFILL THIS MISSION, THE COLLEGE PLEDGES: 1. TO FORM GRADUATES WHO ARE COMPETENT PROFESSIONALS, CAPABLE OF ASSUMING LEADERSHIP ROLES IN THE WORLD, WHO WILL EMBODY GOSPEL VALUES IN THEIR PERSONAL LIVES AND PROFESSIONAL CAREERS. 2. TO CONDUCT THE CORE CURRICULUM AND, THROUGH IT, ALL COLLEGE PROGRAMS WITHIN THE CONCEPTUAL FRAMEWORK AND VALUE COMMITMENTS OF "CHRISTIAN HUMANISM" THAT STEM FROM OUR JUDEO-CHRISTIAN AND GRAECO-ROMAN TRADITIONS AND FROM OUR VATICAN II INSPIRATION. 3. TO GIVE WITNESS IN A SPECIAL WAY, IN ALL ASPECTS OF CAMPUS LIFE, ACADEMICALLY AND EXISTENTIALLY, TO THE CHRISTIAN HUMANIST VALUES OF JUSTICE AND LOVE AND ITS COMMITMENT TO HUMAN SOLIDARITY AND INTERDEPENDENCE ON NATIONAL AND GLOBAL LEVELS. 4. TO ADD TO THE EMPHASIS TO EDUCATE THE WHOLE STUDENT -- INTELLECTUALLY, PHYSICALLY, SOCIALLY, AND SPIRITUALLY -- AN ABIDING CONCERN TO PROVIDE PERSONALIZED AND INDIVIDUALIZED CARE. 5. TO STEWARD ALL THE RESOURCES OF THE COLLEGE IN TRUTH, IN LOVING JUSTICE, AND WITH CONCERN FOR THE NEEDS OF THE INDIVIDUAL. 6. TO EXTEND PERSONAL AND PROFESSIONAL SERVICES AS CHURCH AND PUBLIC NEEDS MAY REQUIRE. Form 990, Part III, Line 4a PROGRAM SERVICE ACCOMPLISHMENTS (CONTINUED FROM PART III, LINE 4A) THE COLLEGE SERVES A DIVERSE STUDENT BODY OF APPROXIMATELY 1,000 MEN AND WOMEN OF ALL RACES, CREEDS, AND SOCIO-ECONOMIC BACKGROUNDS. THE COLLEGE STRIVES TO FORM GRADUATES WHO ARE COMPETENT PROFESSIONALS, CAPABLE OF ASSUMING LEADERSHIP ROLES IN THE WORLD, AND WHO WILL EMBODY GOSPEL VALUES IN THEIR PERSONAL LIVES AND PROFESSIONAL CAREERS. Form 990, Part VI, Line 15b PROCESS USED TO ESTABLISH COMPENSATION OF OTHER OFFICERS FOR OTHER INCOMING EXECUTIVES, COMPENSATION IS SET AFTER PERFORMING SIMILAR BENCHMARKING AND APPROVED BY THE PRESIDENT. ON AN ANNUAL BASIS, EXECUTIVE COMPENSATION IS TYPICALLY ADJUSTED IN A MANNER SIMILAR TO OTHER EMPLOYEES OF THE COLLEGE. FROM TIME TO TIME, AN ADJUSTMENT MAY BE MADE TO AN INDIVIDUAL EXECUTIVE'S COMPENSATION OUTSIDE OF THE NORMAL SALARY ADJUSTMENTS APPROVED BY THE BOARD. THIS WOULD OCCUR AFTER SIMILAR BENCHMARKING AGAINST PEER INSTITUTIONS. Form 990, Part VI, Line 1a Delegate broad authority to a committee THE EXECUTIVE COMMITTEE SHALL CONSIST OF THE FOLLOWING: - THE CHAIR OF THE BOARD - THE VICE CHAIR OF THE BOARD - THE PROVINCIAL DIRECTOR OR HIS DESIGNEE - THE PRESIDENT - THE CHAIRS OF THE STANDING COMMITTEES - SUCH OTHER MEMBERS OF THE BOARD AS MAY BE DESIGNATED BY THE CHAIR THE EXECUTIVE COMMITTEE SHALL ACT FOR THE BOARD IN THE INTERVALS BETWEEN MEETINGS OF THE BOARD OF TRUSTEES. THE EXECUTIVE COMMITTEE SHALL MEET ONLY AT THE DISCRETION OF THE CHAIR. THE EXECUTIVE COMMITTEE MAY EXERCISE ALL THE POWER AND AUTHORITY OF THE BOARD OF TRUSTEES, BUT SHALL NOT HAVE THE POWER TO ELECT OR REMOVE ANY OFFICER OR APPROVE THE BUDGET, AND SHALL REPORT TO THE BOARD AT ITS NEXT MEETING. Form 990, Part VI, Line 4 Significant changes to organizational documents The organization's Bylaws were amended effective May 13, 2017. Pursuant to this amendment, the position of Rector is deemed to replace the position of President as the organization's Top Management Official. The duties of the Rector are comparable to those formerly bestowed upon the President. Form 990, Part VI, Line 6 Classes of members or stockholders The organization's members are those persons holding the offices of the Provincial Director and those serving on the Provincial Council of the Society of the Precious Blood (C.PP.S.), Cincinnati Province, a Roman Catholic society of apostolic life. Form 990, Part VI, Line 7b Decisions requiring approval by members or stockholders The following powers are reserved to the Members: A. To adopt the amendment, alteration, modification, or repeal of the Articles of Incorporation as proposed by the Board of Trustees; B. To adopt the amendment, alteration, modification, or repeal of the Bylaws of the Corporation as proposed by the Board of Trustees; C. To dissolve or terminate the existence of the Corporation and to determine the distribution of assets upon such termination or dissolution as proposed by the Board of Trustees; D. To merge, consolidate, or affiliate the Corporation with another corporation, organization, or program as proposed by the Board of Trustees; E. To approve the Mission Statement of the College or any change to the Mission Statement as proposed by the Board of Trustees. The Members also have the right to prohibit any organization or policy at the College that are inconsistent with the Catholic identity of the College. Form 990, Part VI, Line 11b Review of form 990 by governing body THE FORM 990 IS REVIEWED IN DETAIL BY MANAGEMENT. A FINAL DRAFT OF THE FULL FORM 990, INCLUDING ALL APPLICABLE SCHEDULES, IS PROVIDED TO EACH MEMBER OF THE FINANCE COMMITTEE AND IS REVIEWED WITH THE COLLEGE'S TAX ADVISORS. A COPY OF THE FORM 990, EXCLUDING SCHEDULE B, IS THEN PROVIDED TO EACH MEMBER OF THE GOVERNING BODY PRIOR TO FILING WITH THE IRS. SCHEDULE B IS MADE AVAILABLE TO EACH MEMBER OF THE GOVERNING BODY UPON THEIR REQUEST. Form 990, Part VI, Line 12c Conflict of interest policy ANNUAL DISCLOSURE IS PROVIDED TO EACH OFFICER AND BOARD MEMBER. EACH PERSON COMPLETES AN ANNUAL CONFLICT OF INTEREST QUESTIONNAIRE. ONCE THE QUESTIONNAIRES ARE COMPLETED, THE PRESIDENT'S ASSISTANT REVIEWS THE RESPONSES AND DETERMINES WHETHER OR NOT THERE ARE ANY POTENTIAL CONFLICTS OF INTEREST. IF THERE IS A POTENTIAL CONFLICT OF INTEREST, THE PRESIDENT, TREASURER, AND CONTROLLER REVIEW THE CORRESPONDING ISSUE AND DETERMINE IF THERE IS AN ACTUAL CONFLICT OF INTEREST. IF AN ACTUAL CONFLICT OF INTEREST IS DETERMINED TO EXIST, THAT PERSON IS EXCLUDED FROM ANY DISCUSSIONS CONCERNING THE CONFLICTING ISSUE AND IS NOT PERMITTED TO VOTE ON ANY DECISIONS REGARDING THE CONFLICTING ISSUE. ANY PURCHASES AND/OR BUDDING PROPOSALS ARE ALSO REVIEWED FOR ANY POTENTIAL CONFLICTS OF INTEREST PRIOR TO SUBMITTING BIDS OR MAKING PURCHASES. THE CONTROLLER ATTENDS THE BOARD MEETINGS TO ENSURE THAT COMPLIANCE WITH THESE GUIDELINES IS FOLLOWED. Form 990, Part VI, Line 15a Process to establish compensation of top management official Compensation of the President was last evaluated by the Board of Trustees during May through July 2016. In May 2016, the Board of Directors approved a 2% increase to the President's compensation. In July 2016, the Board completed its review of President compensation by benchmarking against a list of 35 peer institutions. This process was documented in the board meeting minutes. Form 990, Part VI, Line 19 Required documents available to the public GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICIES, AND FINANCIAL STATEMENTS ARE NOT REQUIRED DISCLOSURES PURSUANT TO INTERNAL REVENUE CODE (IRC) SECTION 6104. THESE DOCUMENTS ARE NOT AVAILABLE TO THE PUBLIC AT THIS TIME. Form 990, Part VIII, Line 11d Other Miscellaneous Revenue Other - Total Revenue: 167655, Related or Exempt Function Revenue: 167655, Unrelated Business Revenue: , Revenue Excluded from Tax Under Sections 512, 513, or 514: ; - Total Revenue: 10328, Related or Exempt Function Revenue: 10328, Unrelated Business Revenue: , Revenue Excluded from Tax Under Sections 512, 513, or 514: ; Form 990, Part XI, Line 9 OTHER CHANGES IN NET ASSETS OR FUND BALANCES THE FAIR VALUE OF FARM LAND WAS DETERMINED BY MANAGEMENT USING APPRAISALS, QUOTED MARKET PRICES FOR SIMILAR ASSETS OR OTHER MARKET DATA, SUCH AS THE PURDUE AGRICULTURAL ECONOMICS REPORT, WHICH IS A REPORT THAT SUMMARIZES THE RESULTS OF AN ANNUAL SURVEY OF NUMEROUS PROFESSIONALS KNOWLEDGEABLE ABOUT INDIANA'S FARMLAND MARKET. THIS REPORT SERVES TO PROVIDE INFORMATION REGARDING FARMLAND VALUES AND CASH RENT. UNREALIZED GAINS AND LOSSES ARE INCLUDED IN THE CHANGE IN NET ASSETS. Form 990, Part XI, Line 9 Other changes in net assets or fund balances UNREALIZED LOSS ON PERMANENTLY RESTRICTED FARM LAND HELD AS AN INVESTMENT - -3999100; LOSS ON IMPAIRMENT OF LAND, BUILDINGS, & EQUIPMENT - -20561609; CHARITABLE REMAINDER UNITRUST (1) TRUST IN NA Trust false false false false false false false false false false false false false false false false false false false false