2017-11-14T12:33:41-06:00 2017-06-30 251638525 GROSSMAN YANAK & FORD LLP THREE GATEWAY CTR STE 1800 PITTSBURGH PA 15222 990 2016-07-01 251065148 GROVE CITY COLLEGE GROV 7244582000 100 CAMPUS DRIVE GROVE CITY PA 161272104 ROGER K TOWLE VP FOR BUSINESS AND FINANCE 7244582000 2017-11-14 1 RICHARD E DYNOSKE P00095538 4123389300 38.104.120.202 2017-11-14 13:33:09 ES P A9B4CFC440E95CCFA4265BE55F7B408A09BF9B97 A9B4CFC440E95CCFA4265BE55F7B408A09BF9B97 2016 2018-03-14 21:41:22Z PAUL J MCNULTY 100 CAMPUS DRIVE GROVE CITY PA 16127 152271376 0 X WWW.GCC.EDU X 1876 PA A SCHOOL OF HIGHER EDUCATION 35 35 1852 100 330722 -682757 6016191 8390822 61046219 61224878 6811719 3588144 1024109 1117340 74898238 74321184 6652253 7033630 0 0 36595190 37516003 0 0 2016589 30013938 30865971 73261381 75415604 1636857 -1094420 293913891 299456157 33733196 27050892 260180695 272405265 SCHOOL OF HIGHER EDUCATION 0 0 30650093 6996964 40177641 ACADEMIC INSTRUCTION 5323716 36666 0 ACADEMIC SUPPORT - INCLUDES EXPENSES FOR LIBRARY, ATHLETICS, AND STUDENT HEALTH CARE 23862793 0 21350174 AUXILIARY ENTERPRISES - INCLUDES EXPENSES FOR DINING HALLS, DORMITORIES, BOOKSTORE, AND FOUNTAIN ROOM 59836602 1 1 0 0 0 0 0 1 0 1 1 1 0 0 1 0 1 0 1 0 1 0 1 0 0 0 0 1 1 1 0 0 0 0 1 0 1 0 1 1 0 0 0 0 0 0 0 1 3191 0 1 1852 1 1 1 0 0 0 1 1 1 1 0 1 1 0 0 0 0 X 35 35 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 AK CO KY ME MD MA MI NH NY OH OK OR SC WA X MICHELLE WILLIAMS 7244582216 100 CAMPUS DRIVE GROVE CITY PA 16127 ALICE MORRE BATCHELDER ESQ TRUSTEE 0.50 X 0 0 0 J KENNETH BLACKWELL TRUSTEE 0.50 X 0 0 0 ARTHUR J SCHWAB ESQ TRUSTEE 1.00 X 0 0 0 DAVID FORNEY TRUSTEE 0.50 X 0 0 0 ALEJANDRO CHAFUEN TRUSTEE 0.50 X 0 0 0 CHARLOTTE A ZUSCHLAG TRUSTEE 1.00 X 0 0 0 DIANE ELLIS TRUSTEE 0.50 X 0 0 0 DAVID CASHDOLLAR TRUSTEE 0.50 X 0 0 0 DAVID PORTER ESQ TRUSTEE 1.00 X 0 0 0 DAVID R RATHBURN TRUSTEE 6.00 X 0 0 0 DAWN M OWENS TRUSTEE 0.50 X 0 0 0 THEODORE JOHNSON TRUSTEE 0.50 X 0 0 0 ALLYSON BAIRD SVEDA TRUSTEE 0.50 X 0 0 0 EDWARD D BREEN TRUSTEE 0.50 X 0 0 0 HENRY W HOPEMAN TRUSTEE 1.00 X 0 0 0 JACK KOPNISKY TRUSTEE 1.00 X 0 0 0 JODY LYNNE MATHIE TRUSTEE 0.50 X 0 0 0 JOSEPH GUMMEL TRUSTEE 0.50 X 0 0 0 ROBB JONES TRUSTEE 1.00 X 0 0 0 MILTON W SHLAPAK TRUSTEE 0.50 X 0 0 0 PHILIP GASIEWICZ TRUSTEE 2.00 X 0 0 0 RONALD H MILLER TRUSTEE 1.00 X 0 0 0 SAMUEL G CASOLARI JR ESQ TRUSTEE 1.00 X 0 0 0 WILLIAM STEWART TRUSTEE 0.50 X 0 0 0 DAN SANDMAN TRUSTEE 0.50 X 0 0 0 COURTNEY BABCOCK BORNTRAEGER TRUSTEE 0.50 X 0 0 0 DEBORAH HOLT TRUSTEE 0.50 X 0 0 0 DOUGLAS MUETZEL TRUSTEE 0.50 X 0 0 0 RALEIGH PETERS TRUSTEE 0.50 X 0 0 0 WILLIAM A MEHAFFEY TRUSTEE 0.50 X 0 0 0 ANNE M MCCLELLAND TRUSTEE 0.50 X 0 0 0 SALLY B MCKELVEY TRUSTEE 0.50 X 0 0 0 KIRON K SKINNER PHD TRUSTEE 0.50 X 0 0 0 GERALD BULLOCK TRUSTEE 0.50 X 0 0 0 GLEN MEAKEM TRUSTEE 0.50 X 0 0 0 JEFF PROKOVICH VP FOR INSTITUTIONAL ADVAN 40.00 X 141586 0 27986 LARRY HARDESTY VP FOR STUDENT LIFE AND LE 40.00 X 109669 0 22837 PAUL J MCNULTY PRESIDENT 40.00 X 320870 0 64712 ROGER TOWLE VP FOR FINANCIAL AFFAIRS 40.00 X 193545 0 35705 VINCE DISTASI PHD CIO, VP FOR TECHNOLOGY 40.00 X 124210 0 48826 TIMOTHY R BONNER ESQ COUNSELOR 0.50 X 0 0 0 JOHN INMAN PHD VP FOR ENROLLMENT, REGISTR 40.00 X 113741 0 13547 ROBERT GRAHAM PHD PROVOST, VP FOR ACADEMIC A 40.00 X 169419 0 30980 JAMES LOPRESTI VICE PRESIDENT OF OPERATIO 40.00 X 113126 0 22973 DAVID AYERS DEAN OF ARTS AND LETTERS 40.00 X 126937 0 45360 STACY BIRMINGHAM DEAN AND CHAIR ENGINEERING 40.00 X 151062 0 53235 MARK REUBER PROFESSOR AND FIELD DIRECT 40.00 X 123894 0 27377 PAUL KENGOR EXECUTIVE DIRECTOR CENTER 40.00 X 120639 0 26055 MYRON BRIGHT PROFESSOR OF ENGINEERING 40.00 X 123506 0 9279 WILLIAM ANDERSON PHD FORMER PROVOST, VP FOR ACA 40.00 X 105857 0 21236 2038061 0 450108 32 1 1 0 BON APPETIT MANAGEMENT COMPANY 2730 SAND HILL ROAD SUITE 100 MENLO PARK CA 94025 FOOD SERVICE MGMT 5542875 LANDAU BUILDING COMPANY 9855 RINAMAN RD WEXFORD PA 15090 CONSTRUCTION SERVICES 2595276 RENICK BROTHERS PO BOX 94 SLIPPERY ROCK PA 16057 CONSTRUCTION SERVICES 1859541 THOMAS CONSTRUCTION 310 DIAMOND RD GROVE CITY PA 16127 CONSTRUCTION SERVICES 362476 MOMENTUM BUILDERS PO BOX 49 MERCER PA 16137 CONSTRUCTION SERVICES 333476 17 8390822 529320 8390822 ACADEMIC TUITION/FEES 611600 40177641 40177641 ROOM AND BOARD FEES 611710 19855422 19855422 BOOKSTORE/FOUNTAIN ROOM 611710 1191815 1191815 61224878 1095107 1073375 21732 80443229 77950192 2493037 2493037 2493037 MISC INCOME 900099 1111260 808350 302910 ALUMNI TRAVEL REMUNERATION 900099 6080 6080 1117340 74321184 65599640 330722 0 36666 36666 6898239 6898239 98725 98725 1271632 1130046 141586 27892072 20788506 6063504 1040062 2907498 2115539 676812 115147 3495476 2543908 813149 138419 1949325 1418523 453529 77273 90974 90974 128594 128594 582389 58257 487419 36713 1037715 27961 722537 287217 1272711 616614 611077 45020 1606786 1190104 409182 7500 4144092 4013071 116531 14490 1135615 740539 310209 84867 317328 317328 10376358 10376358 150904 150904 CONTRACT BOARD FEES 4562054 4562054 OTHER EXPENSES 1954736 1034357 895209 25170 EQUIPMENT, MAINTENANCE, 1530925 1191487 336313 3125 BOOKSTORE MERCHANDISE 869787 869787 1105003 1105003 75415604 59836602 13562413 2016589 2098280 999201 4354440 5509052 297035 490613 343427 313748 1951147 1618709 292911199 132257969 161959129 160653230 90144721 92476045 29777630 34245043 2988082 3150516 293913891 299456157 6687607 4429080 1864021 1779002 8277067 11819070 2247800 13362498 10317943 33733196 27050892 X 149552884 146340985 42142311 53828946 68485500 72235334 260180695 272405265 293913891 299456157 X -1094420 10478217 2840772 X X 1 X 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X EDUCATION 0 100720092 4236608 13769158 -6996964 815651 112544545 110327718 1395572 -3287058 6625587 1090553 98725760 110324817 2983778 -536489 -6520026 -1336768 104915312 97621160 2570571 19444729 5613618 3698025 110324817 89938734 3156276 11186333 5423024 1237159 97621160 1.00000 1 0 2737881 2737881 242874213 104865269 138008944 43457459 27392700 16064759 3841646 3841646 160653230 110110 C SECURITIES 34134933 F 34245043 LINE OF CREDIT 4497460 ACCRUED PENSION COSTS 3959295 CAPITAL LEASE OBLIGATIONS 1861188 10317943 87640173 10478217 2840772 13318989 74321184 0 74321184 75415603 0 75415603 0 75415603 PART III, LINE 1A: THE COLLEGE HAS A COLLECTION OF ART, LITERARY WORKS, HISTORICAL TREASURES AND ARTIFACTS WHICH ARE PROTECTED AND PRESERVED FOR PUBLIC EXHIBITION, EDUCATION AND RESEARCH. THEY HAVE HISTORICALLY NOT BEEN DISPOSED OF FOR FINANCIAL GAIN NOR ENCUMBERED IN ANY MANNER. ACCORDINGLY, SUCH COLLECTIONS ARE NOT RECOGNIZED OR CAPITALIZED FOR FINANCIAL STATEMENT PURPOSES. PART V, LINE 4: THE COLLEGE'S ENDOWMENTS CONSIST OF NUMEROUS INDIVIDUAL FUNDS ESTABLISHED FOR A VARIETY OF PURPOSES. ITS ENDOWMENTS INCLUDE DONOR-RESTRICTED ENDOWMENT FUNDS. APPROXIMATELY 88% OF THE FUNDS ARE RESTRICTED FOR FINANCIAL AID PURPOSES, 9% FOR OPERATIONS, AND 3% FOR PHYSICAL PLANT. PART XI, LINE 2D - OTHER ADJUSTMENTS: PENSION RELATED CHANGES OTHER THAN NET PERIODIC PENSION COST 2,472,772. CHANGE IN VALUE OF CHARITABLE TRUST 368,000. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 SCHEDULE E, PART I, LINE 3 NEWSPAPER ADVERTISEMENTS 0 EUROPE 0 2 PROGRAM SERVICES ACADEMIC INSTRUCTION 620342 SUB-SAHARAN AFRICA 0 0 PROGRAM SERVICES ACADEMIC INSTRUCTION 3588 NORTH AMERICA 0 0 PROGRAM SERVICES FACULTY DEVELOPMENT 556 CENTRAL AMERICA 0 0 PROGRAM SERVICES ACADEMIC INSTRUCTION 86157 EAST ASIA 0 0 PROGRAM SERVICES ACADEMIC INSTRUCTION 45863 EUROPE 0 0 PROGRAM SERVICES FACULTY DEVELOPMENT 2640 0 2 0 0 0 2 759146 0 759146 SCHOLARSHIPS CENTRAL AMERICA 4 9550 CREDIT ON ACCOUNT N/A BOOK VALUE SCHOLARSHIPS EUROPE 53 74050 CREDIT ON ACCOUNT N/A BOOK VALUE SCHOLARSHIPS SOUTH AMERICA 5 12350 CREDIT ON ACCOUNT N/A BOOK VALUE SCHOLARSHIPS EAST ASIA & PACIFIC 3 2775 CREDIT ON ACCOUNT N/A BOOK VALUE 0 0 0 0 0 0 1 BOROUGH OF GROVE CITY PO BOX 110 GROVE CITY PA 16127 256000377 16666 CONTRIBUTION GROVE CITY AREA UNITED WAY PO BOX 388 GROVE CITY PA 16127 251488637 501(C)(3) 10000 CONTRIBUTION COALITION FOR CHRISTIAN OUTREACH 5912 PENN AVENUE PITTSBURGH PA 15206 251216330 501(C)(3) 5000 CONTRIBUTION CBS BROADCASTING KDKA-TV 1 GATEWAY CENTER 420 DUQUESNE BLVD PITTSBURGH PA 15222 130590730 5000 CONTRIBUTION 2 2 SCHOLARSHIPS 1380 6898239 0 BOOK VALUE N/A PART I, LINE 2: ALL SCHOLARSHIPS ARE PROVIDED AS A CREDIT TO THE STUDENT TO COVER CHARGES OF TUITION, ROOM AND BOARD, AND OTHER FEES RELATED TO THE COST OF ATTENDANCE. X X X X 1 1 X X X X 0 0 0 0 0 1 0 0 0 JEFF PROKOVICH VP FOR INSTITUTIONAL ADVAN 141586 0 0 0 0 0 11292 0 16694 0 169572 0 0 0 PAUL J MCNULTY PRESIDENT 306335 0 14535 0 0 0 21200 0 43512 0 385582 0 0 0 ROGER TOWLE VP FOR FINANCIAL AFFAIRS 193545 0 0 0 0 0 25101 0 10604 0 229250 0 0 0 VINCE DISTASI PHD CIO, VP FOR TECHNOLOGY 124210 0 0 0 0 0 9760 0 39066 0 173036 0 0 0 ROBERT GRAHAM PHD PROVOST, VP FOR ACADEMIC A 169419 0 0 0 0 0 13869 0 17111 0 200399 0 0 0 DAVID AYERS DEAN OF ARTS AND LETTERS 126937 0 0 0 0 0 10900 0 34460 0 172297 0 0 0 STACY BIRMINGHAM DEAN AND CHAIR ENGINEERING 151062 0 0 0 0 0 11800 0 41435 0 204297 0 0 0 MARK REUBER PROFESSOR AND FIELD DIRECT 123894 0 0 0 0 0 16311 0 11066 0 151271 0 0 0 WILLIAM ANDERSON PHD FORMER PROVOST, VP FOR ACA 105857 0 0 0 0 0 8703 0 12533 0 127093 0 0 0 PART I, LINE 6 THE PRESIDENTS' BONUS IS DETERMINED EACH YEAR BY CRITERIA SET FORTH BY THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES INCLUDING SUBJECTS SUCH AS: FUNDRAISING, FINANCIAL PERFORMANCE RELATED TO THE COLLEGE'S OPERATING BUDGET, STRATEGIC PLANNING OUTCOMES, AND ACADEMIC ACCREDITATIONS. THIS GENERAL BONUS AWARD IS A PERCENTAGE OF THE BASE COMPENSATION UP TO A MAXIMUM OF 5%. VINCENT DISTASI OFFICER 8315 TUITION EXCHANGE/GRANT TUITION ASSISTANCE JAMES LOPRESTI OFFICER 6117 TUITION GRANT TUITION ASSISTANCE JEFF PROKOVICH OFFICER 16630 TUITION GRANT TUITION ASSISTANCE ROBERT GRAHAM OFFICER 8315 TUITION GRANT TUITION ASSISTANCE KATHRYN ANDERSON SPOUSE OF FORMER OFFICER 13200 REPORTABLE INCOME 0 JANICE INMAN SPOUSE OF CURRENT OFFICER 48876 REPORTABLE INCOME 0 X 2 16800 INDEPENDENT APPRAISAL X 46 466757 HIGH/LOW AVERAGE X 151 0 X TRAVEL EXPENSES 19 39523 TRAVEL REPORT/RECEIP X EVENT EXPENSES 3 3546 RECEIPTS X RAFFLE DONATIONS 16 0 0 1 1 PART I, LINE 32B: UBS RECEIVES AND SELLS STOCK PART I, LINE 33: RELATED TO LINE 4 - THE COLLEGE RECEIVED MULTIPLE BOOKS SUCH AS BIOGRAPHIES AND HISTORICAL WORKS. RELATED TO LINE 18 - THE COLLEGE RECEIVED MULTIPLE COLLECTIBLE ITEMS SUCH AS PHOTOS, SORORITY/FRATERNITY MEMORABILIA, SPORTS UNIFORMS AND LETTERMAN JACKETS. RELATED TO LINE 28 - THE COLLEGE RECEIVED DONATIONS OF COUPONS AND GIFT ITEMS FROM LOCAL BUSINESSES FOR RANDOM DRAWINGS FOR STUDENTS. FORM 990, PART VI, SECTION B, LINE 11B THE FORMS 990 AND 990-T ARE PREPARED BY THE FINANCIAL SERVICES DEPARTMENT, REVIEWED AND APPROVED BY THE VICE PRESIDENT FOR BUSINESS AND FINANCE AS WELL AS THE FINANCE AND AUDIT COMMITTEE OF THE BOARD OF TRUSTEES. UPON THEIR APPROVALS, THE FORMS ARE PROVIDED TO THE ENTIRE BOARD OF TRUSTEES AND THEN REVIEWED AND FILED ELECTRONICALLY WITH THE IRS BY THE COLLEGE'S INDEPENDENT AUDITORS. FORM 990, PART VI, SECTION B, LINE 12C THE COLLEGE'S OFFICERS AND TRUSTEES MUST SUBMIT A QUESTIONNAIRE EACH YEAR BY AUGUST 31ST TO THE CHAIR OF THE GOVERNANCE COMMITTEE OF THE BOARD OF TRUSTEES REGARDING POTENTIAL CONFLICTS OF INTEREST. FORM 990, PART VI, SECTION B, LINE 15 THE VICE PRESIDENT FOR BUSINESS & FINANCE PROVIDES THE PRESIDENT OF THE COLLEGE WITH A LIST OF CURRENT COMPENSATION FOR ALL OFFICERS AND THE MEDIAN SALARY OF SIMILAR POSITIONS FROM THE CHRONICLE OF HIGHER EDUCATION AS WELL AS OTHER COMPENSATION SURVEY INFORMATION FOR COMPARABLE COLLEGES AND UNIVERSITIES. THE PRESIDENT THEN REVIEWS THIS INFORMATION AND MAKES COMPENSATION RECOMMENDATIONS FOR THE SEVEN VICE PRESIDENTS TO THE EXECUTIVE COMMITTEE. THE EXECUTIVE COMMITTEE REVIEWS THE PRESIDENT'S RECOMMENDATIONS AND DETERMINES THE COMPENSATION FOR THE ENSUING YEAR FOR EACH VICE PRESIDENT AND REPORTS THEIR DECISION TO THE BOARD OF TRUSTEES. THE COMPENSATION OF THE PRESIDENT IS REVIEWED WITH THE SAME COMPARABLE SURVEY INFORMATION, DETERMINED, AND APPROVED BY THE EXECUTIVE COMMITTEE AND THEN REVIEWED WITH AND APPROVED BY THE FULL BOARD OF TRUSTEES. THE APPROVAL OF SUCH COMPENSATION IS DOCUMENTED IN BOTH THE MINUTES OF THE EXECUTIVE COMMITTEE AND THE BOARD OF TRUSTEES. THIS PROCESS IS UNDERTAKEN ANNUALLY FOR THE FOLLOWING POSITIONS (LAST UNDERTAKEN IN MAY 2017): PRESIDENT VICE PRESIDENT FOR ACADEMIC AFFAIRS AND PROVOST VICE PRESIDENT AND CHIEF INFORMATION OFFICER VICE PRESIDENT FOR OPERATIONS VICE PRESIDENT FOR STUDENT LIFE AND LEARNING VICE PRESIDENT FOR INSTITUTIONAL ADVANCEMENT VICE PRESIDENT FOR BUSINESS AND FINANCE VICE PRESIDENT FOR ENROLLMENT AND REGISTRAR FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICIES, AND FINANCIAL STATEMENTS ARE NOT PUBLICLY DISTRIBUTED BUT ARE AVAILABLE UPON REQUEST. THE SUMMARY FINANCIAL INFORMATION IS PUBLISHED ANNUALLY IN THE COLLEGE'S ANNUAL REPORT. THE COLLEGE MAKES FORM 990 AVAILABLE TO THE PUBLIC UPON REQUEST AS REQUIRED UNDER THE PUBLIC DISCLOSURE LAW. FORM 990, PART XI, LINE 9: PENSION RELATED CHANGES OTHER THAN NET PERIODIC PENSION COST 2,472,772. CHANGE IN VALUE OF CHARITABLE TRUST 368,000. FORM 990, PART XII, LINE 2C: THERE WERE NO SIGNIFICANT CHANGES FROM THE PRIOR YEAR IN THE OVERSIGHT OF THE FINANCIAL STATEMENT AUDIT.