2017-05-11T15:52:59-05:00 2016-06-30 420714325 RSM US LLP 9737 WASHINGTONIAN BLVD 400 GAITHERSBURG MD 208787340 990 2015-07-01 520591672 MOUNT SAINT MARYS UNIVERSITY MOUN 3014475353 16300 OLD EMMITSBURG ROAD EMMITSBURG MD 21727 WILLIAM E DAVIES VP BUSINESS AND FINANCE 3014475353 2017-05-11 1 WILLIAM E TURCO CPA P00369217 3012963600 2015 2021-01-29 14:40:06Z TIMOTHY E TRAINOR 16300 OLD EMMITSBURG ROAD EMMITSBURG MD 21727 123260767 0 X WWW.MSMARY.EDU X 1808 MD MOUNT ST. MARY'S UNIVERSITY, THE SECOND OLDEST CATHOLIC UNIVERSITY IN THE U.S., (SEE SCHEDULE O), OFFERS MORE THAN 60 ACADEMIC MAJORS, MINORS, AND CONCENTRATIONS. GRADUATE PROGRAMS IN BUSINESS, EDUCATION, PHILOSOPHY, THEOLOGY AND DIVINITY ARE ALSO OFFERED ALONG WITH ACCELERATED UNDERGRADUATE PROGRAMS IN BUSINESS AND CRIMINAL JUSTICE. STUDENTS PARTICIPATE IN MORE THAN 70 CLUBS AND HONOR SOCIETIES. STUDENTS ALSO TAKE ADVANTAGE OF THE COMMUNITY SERVICE AND OUTDOOR ADVENTURE PROGRAMS THAT ARE OFFERED BOTH LOCALLY AND ABROAD. IN ADDITION, THE UNIVERSITY HAS 16 VARSITY SPORTS AT THE NCAA DIVISION 1 LEVEL. 26 23 1558 30 226862 -119472 9000995 8892030 89391368 89706119 6280292 -1312482 54584 41066 104727239 97326733 30844525 31676910 0 0 33251543 36294755 0 0 1860574 33824717 35195218 97920785 103166883 6806454 -5840150 167894787 160730294 88299881 78557517 79594906 82172777 X MOUNT ST. MARY'S UNIVERSITY IS A CATHOLIC UNIVERSITY COMMITTED TO EDUCATION IN THE SERVICE OF TRUTH. WE SEEK TO CULTIVATE A COMMUNITY OF LEARNERS, FORMED BY FAITH, ENGAGED IN DISCOVERY, AND EMPOWERED FOR LEADERSHIP IN THE CHURCH, PROFESSIONS AND THE WORLD. 0 0 52096715 31644260 69048646 INSTRUCTIONAL PROGRAMS FOR 2,257 STUDENTS CONSISTING OF 1,795 UNDERGRADUATE STUDENTS, 176 GRADUATE STUDENTS IN BUSINESS, 78 GRADUATE STUDENTS IN EDUCATION, 123 GRADUATE STUDENTS IN THEOLOGY, 50 GRADUATE STUDENTS IN HEALTHCARE ADMINISTRATION, 25 GRADUATE STUDENTS IN BIOTECHNOLOGY & MGMT, 8 GRADUATE STUDENTS IN SPORTS MANAGEMENT, AND 2 STUDENTS IN GRADUATE PHILOSPHICAL STUDIES. THE UNIVERSITY AWARDED A TOTAL OF 551 DEGREES COMPRISED OF 383 UNDERGRADUATE, 148 MASTERS, AND 20 THEOLOGY DEGREES. 15882453 18475763 AUXILIARY ENTERPRISES WHICH IS COMPRISED OF STUDENT HOUSING, DINING SERVICES, POST OFFICE, VENDING, PHYSICAL PLANT, LAUNDRY AND PUBLIC SAFETY. 12799635 1954848 STUDENT SERVICES FOR THE ENTIRE STUDENT BODY. THIS INCLUDES ATHLETICS, COUNSELING/HEALTH CENTER, STUDENT AFFAIRS, AND STUDENT ACTIVITIES. 3974655 ACADEMIC SUPPORT 2240656 32650 INSTITUTIONAL SUPPORT 6215311 32650 86994114 1 1 0 1 0 0 0 1 0 1 1 1 0 0 1 1 1 0 1 0 1 0 0 0 1 0 0 1 1 1 1 0 0 0 0 0 0 1 0 1 1 1 1 0 0 1 1 0 0 0 1 233 0 1 1558 1 1 1 0 0 0 0 1 1 0 0 0 0 X 26 23 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 X WILLIAM E DAVIES 3014475353 16300 OLD EMMITSBURG ROAD EMMITSBURG MD 21727 MARY D KANE CHAIRMAN/VICE CHAIRMAN FROM 03/16 10.00 X X 0 0 0 JOHN COYNE CHAIRMAN UNTIL 03/16 15.00 X X 0 0 0 PAUL J PALMIERI SECRETARY 5.00 X X 0 0 0 GRACELYN A MCDERMOTT TREASURER 5.00 X X 0 0 0 ANTHONY J AGNONE SR TRUSTEE 5.00 X 0 0 0 HON JENNIFER M ANDERSON TRUSTEE 5.00 X 0 0 0 HOWARD N BOLTE TRUSTEE 5.00 X 0 0 0 ELLEN M CALLAHAN TRUSTEE 5.00 X 0 0 0 KEVIN B CASHEN TRUSTEE 5.00 X 0 0 0 DAVID P CONAGHAN TRUSTEE 5.00 X 0 0 0 XAFIER J DECAIRE TRUSTEE 5.00 X 0 0 0 JEREMY M ELLERMYER TRUSTEE 5.00 X 0 0 0 REV J KEVIN FARMER TRUSTEE 5.00 X 0 0 0 REV THOMAS P FERGUSON TRUSTEE 5.00 X 0 0 0 MOST REV WILLIAM E LORI TRUSTEE 10.00 X 0 0 0 MOST REV PAUL S LOVERDE TRUSTEE 5.00 X 0 0 0 JAMES V MCAVENEY TRUSTEE 5.00 X 0 0 0 MSGR THOMAS J MULLELLY TRUSTEE 10.00 X 0 0 0 SCOTT J NEWKAM TRUSTEE 10.00 X 0 0 0 REV VINCENT J O'MALLEY TRUSTEE 10.00 X 0 0 0 MARY NOEL PAGE TRUSTEE 5.00 X 0 0 0 BRIAN L SMITH TRUSTEE 5.00 X 0 0 0 ROBERT J SMITH TRUSTEE 10.00 X 0 0 0 SUZANNE M NICHOLSON TRUSTEE 5.00 X 0 0 0 THOMAS C ROGERS JR TRUSTEE 5.00 X 0 0 0 MOST REV W FRANCIS MALOOLY TRUSTEE 5.00 X 0 0 0 REV MSGR JOSEPH G QUINN TRUSTEE UNTIL 04/16 5.00 X 0 0 0 MICHAEL R HOLLY TRUSTEE UNTIL 03/16 5.00 X 0 0 0 FRANCIE W DAILY JR TRUSTEE UNTIL 03/16 5.00 X 0 0 0 RICHARD P KIDWELL TRUSTEE UNTIL 11/15 5.00 X 0 0 0 ALICE ROONEY MAHONEY TRUSTEE UNTIL 03/16 5.00 X 0 0 0 SANDRA A MCMURTRIE TRUSTEE UNTIL 11/15 5.00 X 0 0 0 DR FRANK P MEROLLA TRUSTEE UNTIL 10/15 5.00 X 0 0 0 MARK J RIGGS TRUSTEE UNTIL 03/16 5.00 X 0 0 0 EUGENE M WALDRON JR TRUSTEE UNTIL 10/15 5.00 X 0 0 0 J SCOTT WILFONG TRUSTEE UNTIL 03/16 5.00 X 0 0 0 SIMON NEWMAN PRESIDENT UNTIL 2/29/16 50.00 X 469469 0 37908 DAN S SOLLER EXECUTIVE VICE PRESIDENT 50.00 X 277022 0 37875 WILLIAM E DAVIES VP, BUSINESS & FINANCE 50.00 X 246685 0 35580 DAVID B REHM PROVOST 50.00 X 204355 0 18517 ROBERT J BRENNAN VP, ADVANCEMENT SERVICES 50.00 X 176304 0 32056 PAULINE A ENGELSTATTER VP, UNIVERSITY AFFIARS 50.00 X 197690 0 25699 MICHAEL A POST VP, ENROLLMENT MANAGEMENT 50.00 X 176536 0 32414 MSGR STEVEN P ROHLFS VP AND RECTOR 50.00 X 134464 0 7874 KARL W EINOLF DEAN/INTERIM PRESIDENT 50.00 X 174295 0 12698 PAULA M WHETSEL-RIBEAU ASSOC PROVOST, DIVERSITY & ASSESSMT 50.00 X 129001 0 31241 MONSIGNOR ANDREW BAKER VICE PRESIDENT, RECTORT 50.00 X 60143 0 5772 JAMION A CHRISTIAN HEAD BASKETBALL COACH 50.00 X 174134 0 17088 LEONA A SEVICK ASSOCIATE PROVOST 50.00 X 130798 0 10173 BOBBY L FLACK CHIEF INFORMATION OFFICER 50.00 X 130178 0 25001 WILLIAM FORGANG UNIVERSITY PROFESSOR 50.00 X 120139 0 24902 JOSEPH LEBHERZ DEAN - FREDERICK CAMPUS 50.00 X 119676 0 30692 THOMAS H POWELL FORMER PRESIDENT 50.00 X 547405 0 37908 3468294 0 423398 22 1 1 0 ARAMARK HIGHER EDUCATION 24818 NETWORK PLACE CHICAGO IL 60673 DINING & MAINTENANCE SERVICES 9840160 ROYALL & COMPANY 1920 EAST PARHAM RD RICHMOND VA 23228 STUDENT ENROLLMENT CONSULTING 726425 PLATINUM PARTNERS 532 N LAS CASAS AVENUE PACIFIC PALISADES CA 90272 CONSULTING 430410 S&W CONSTRUCTION 1 YELLOWBIRD TRAIL FAIRFIELD PA 17320 CONSTRUCTION SERVICES 327475 WOLF'S BUS LINES 200 OLD US ROUTE 15 YORK SPRINGS PA 17372 TRANSPORTATION 238675 19 13800 2517595 6360635 1852055 8892030 TUITION & FEES 611310 69048646 69048646 AUXILIARY ENTERPRISE 611710 20565711 20430611 135100 CONFERENCES & GROUPS 611600 50758 50758 OTHER SERVICES 221000 41004 41004 89706119 2192919 2192919 146 146 22400856 25906403 -3505547 -3505547 -3505547 57592 13800 25356 32236 32236 11105 2275 8830 8830 97326733 89479257 226862 -1271416 32650 32650 31644260 31644260 3428360 745341 2530738 152281 25276972 20626009 3917931 733032 1265527 968128 254371 43028 4505090 3446394 905523 153173 1818806 1391387 365580 61839 848195 848195 126820 126820 173957 173957 2633397 2014549 529313 89535 1614708 1235252 324556 54900 3039244 2325021 610889 103334 1071273 819524 215326 36423 400 306 80 14 1881304 1612278 205062 63964 1671011 1432057 182140 56814 281989 215722 56680 9587 2846692 2177719 572185 96788 6831326 6052555 744615 34156 406694 360331 44330 2033 DINING SERVICES 4298397 4298397 PHYSICAL PLANT 2575324 2281737 280710 12877 ALLOWANCES & UNCOLLECTI 487318 487318 CREDIT CARD DISCOUNT 51720 51720 4355449 3314497 884156 156796 103166883 86994114 14312195 1860574 38222 17883 16488054 16658341 2111859 1674648 1360273 504454 2879641 2853964 107912 105493 955567 867824 211065631 125496362 88546808 85569269 38473531 36575210 9803831 9634368 7129089 6268840 167894787 160730294 5858398 6142976 5642898 4640837 58916517 57352309 17882068 10421395 88299881 78557517 X 36246610 38628080 16119155 15703687 27229141 27841010 79594906 82172777 167894787 160730294 X -5840150 869313 7548708 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 1 6141 0 1 14744 20885 0 PART II-B, LINE 1: MSMU IS A MEMBER OF THE MARYLAND INDEPENDENT COLLEGE AND UNIVERSITY ASSOCIATION (MICUA). MICUA ALLOCATES A PORTION OF THE DUES ASSESSMENT TO NONDEDUCTIBLE LOBBYING AND POLITICAL EXPENDITURES. THIS REPRESENTS THE % OF DUES ALLOCATED TO THAT ACTIVITY. 19400 708519 X X 0 48144575 842841 -844762 1791559 173957 46177138 47604515 1471939 902612 1674157 160334 48144575 40669602 2568349 6080135 1569422 144149 47604515 38598585 1792687 4054846 1308492 2346750 121274 40669602 42198088 332324 -1080580 1016400 1686751 148096 38598585 0.26960 0.53920 0.19110 0 0 2004079 2004079 159669380 85968417 73700963 42509 18216 24293 38603152 30939383 7663769 10746511 8570346 2176165 85569269 MULTI-STRATEGY HEDGE FUNDS 9634368 F 9634368 ANNUNITIES PAYABLE 504883 US GOVERNMENT ADVANCES FOR STUDENT LOANS 1556113 ASSET RETIREMENT OBLIGATIONS 1612624 SWAP CONTRACTS 2942055 DEPOSITS 438000 LEASE PAYABLE 3367720 10421395 X 66377829 869313 -31644260 -30774947 97152776 173957 173957 97326733 70406519 0 70406519 173957 32586407 32760364 103166883 PART III, LINE 4: THE UNIVERSITY'S COLLECTION CONSISTS OF ITEMS ASSOCIATED WITH THE HISTORY OF THE UNIVERSITY AND IS MAINTAINED IN THE ARCHIVES. THERE ARE ALSO VARIOUS WORKS OF ART IN CHAPELS ACROSS CAMPUS. THIS COLLECTION PROMOTES OUR EDUCATIONAL PURPOSE BY PROVIDING HISTORICALLY SIGNIFICANT RESEARCH MATERIAL FOR STUDENTS AND PROFESSORS. PART V, LINE 4: THE UNIVERSITY'S ENDOWMENT PROVIDES FUNDS TO SUPPORT STUDENT FINANCIAL AID, FACULTY SALARIES AND THE GENERAL OPERATIONS OF THE UNIVERSITY. PART X, LINE 2: THE UNIVERSITY IS GENERALLY EXEMPT FROM FEDERAL INCOME TAXES UNDER THE PROVISIONS OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND HAS BEEN CLASSIFIED AS AN ORGANIZATION THAT IS NOT A PRIVATE FOUNDATION. THE UNIVERSITY FOLLOWS THE ACCOUNTING STANDARD ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES, WHICH ADDRESSES THE DETERMINATION OF WHETHER TAX BENEFITS CLAIMED OR EXPECTED TO BE CLAIMED ON A TAX RETURN SHOULD BE RECORDED IN THE FINANCIAL STATEMENTS. UNDER THIS GUIDANCE, THE UNIVERSITY MAY RECOGNIZE THE TAX BENEFIT FROM AN UNCERTAIN TAX POSITION ONLY IF IT IS MORE LIKELY THAN NOT THAT THE TAX POSITION WILL BE SUSTAINED ON EXAMINATION BY TAXING AUTHORITIES, BASED ON THE TECHNICAL MERITS OF THE POSITION. THE TAX BENEFITS RECOGNIZED IN THE FINANCIAL STATEMENTS FROM SUCH A POSITION ARE MEASURED BASED ON THE LARGEST BENEFIT THAT HAS A GREATER THAN 50% LIKELIHOOD OF BEING REALIZED UPON ULTIMATE SETTLEMENT. THE GUIDANCE ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES ALSO ADDRESSES DE-RECOGNITION, CLASSIFICATION, INTEREST AND PENALTIES ON INCOME TAXES, AND ACCOUNTING IN INTERIM PERIODS. MANAGEMENT EVALUATED THE UNIVERSITY'S TAX POSITIONS AND CONCLUDED THAT THE UNIVERSITY HAD TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT TO THE FINANCIAL STATEMENTS TO COMPLY WITH THE PROVISIONS OF THIS GUIDANCE. NO PROVISION FOR INCOME TAXES WAS REQUIRED FOR 2016 OR 2015. GENERALLY, THE UNIVERSITY IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS BY THE U.S. FEDERAL, STATE OR LOCAL TAX AUTHORITIES FOR YEARS BEFORE 2013. PART XI, LINE 2D - OTHER ADJUSTMENTS: SCHOLARSHIP ALLOWANCES NETTED AGAINST STUDENT REVENUE -31,644,260. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIP ALLOWANCES NETTED AGAINST STUDENT REVENUE 31,644,260. TRANSITION COST 942,147. 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'S NON-DISCRIMINATION POLICY IS OPENLY REPORTED TO THE PUBLIC THROUGH THE UNIVERSITY'S WEBSITE, STUDENT CATALOGUES, EMPLOYMENT POLICIES AND PROCEDURES AND THROUGH PUBLIC RELATIONS EFFORTS. SCHEDULE E, PART I, LINE 6 THE UNIVERSITY RECEIVES MONEY FROM THE STATE OF MARYLAND THROUGH THE STATE'S SELLINGER PROGRAM. THE SELLINGER PROGRAM PROVIDES STATE FUNDING TO NON-PUBLIC INSTITUTIONS FOR STUDENT FINANCIAL AID AND OTHER PURPOSES. EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 PROGRAM SERVICES HIGHER EDUCATION SERVICES 338940 EAST ASIA AND THE PACIFIC 0 0 PROGRAM SERVICES HIGHER EDUCATION SERVICES 23326 CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENTS 352350 0 0 0 0 0 0 714616 0 714616 1 0 0 0 0 0 TRIATHLON 25171 1000 24171 1973 11492 GOLF TOURNEY 20200 12800 7400 605 6288 310 3 26021 26021 3556 1133 71392 13800 57592 605 11817 12935 25357 32235 1 ARCHDIOCESE OF BALTIMORE 320 CATHEDRAL STREET BALTIMORE MD 21201 520591535 501(C)(3) 10000 SILVER SPONSOR - ANNUAL GALA BISHOP MCDEVITT HIGH SCHOOL 125 ROYAL AVENUE WYNCOTE PA 19095 231424025 501(C)(3) 10000 MCDEVITT CAPITAL CAMPAIGN POPE JOHN PAUL THE GREAT CATHOLIC HIGH SCHOOL 17700 DOMINICAN DRIVE DUMFRIES VA 22026 261661678 501(C)(3) 6250 SPONSORSHIP OF THE ST. THOMAS MORE STATUE ARLINGTON DIOCESE 200 N GLEBE ROAD ARLINGTON VA 22203 540515706 501(C)(3) 6400 TABLE SPONSOR 4 0 STUDENT FINANCIAL AID 1650 31644260 BOOK VALUE ASSIST WITH COST OF TUITION, ROOM AND BOARD PART I, LINE 2: THE UNIVERSITY'S USE OF GRANT FUNDS IS TO PROVIDE FINANCIAL AID TO OUR STUDENTS. WE MONITOR THE USE OF THESE UNIVERSITY FUNDS IN ACCORDANCE WITH ESTABLISHED LEVELS OF AWARDS BASED ON A STUDENT'S MERIT CLASSIFICATION AND ON AN ANNUAL BUDGET. THE UNIVERSITY FOLLOWS ALL REGULATIONS RELATIVE TO THE AWARDING OF FINANCIAL ASSISTANCE WHICH IS MONITORED BY THE FINANCIAL AID OFFICE. X X X X 1 1 X X X X 0 1 0 0 0 0 0 0 0 SIMON NEWMAN PRESIDENT UNTIL 2/29/16 412951 0 0 0 56518 0 15900 0 22452 0 507821 0 0 0 DAN S SOLLER EXECUTIVE VICE PRESIDENT 221450 0 0 0 55572 0 15867 0 24509 0 317398 0 0 0 WILLIAM E DAVIES VP, BUSINESS & FINANCE 231336 0 0 0 15349 0 13572 0 23962 0 284219 0 0 0 DAVID B REHM PROVOST 202611 0 0 0 1744 0 11722 0 8726 0 224803 0 0 0 ROBERT J BRENNAN VP, ADVANCEMENT SERVICES 169059 0 0 0 7245 0 10048 0 24402 0 210754 0 0 0 PAULINE A ENGELSTATTER VP, UNIVERSITY AFFIARS 195107 0 0 0 2583 0 11500 0 17989 0 227179 0 0 0 MICHAEL A POST VP, ENROLLMENT MANAGEMENT 176180 0 0 0 356 0 10406 0 22899 0 209841 0 0 0 KARL W EINOLF DEAN/INTERIM PRESIDENT 173629 0 0 0 666 0 10198 0 4183 0 188676 0 0 0 PAULA M WHETSEL-RIBEAU ASSOC PROVOST, DIVERSITY & ASSESSMT 128369 0 0 0 632 0 7794 0 24913 0 161708 0 0 0 JAMION A CHRISTIAN HEAD BASKETBALL COACH 167865 0 0 0 6269 0 9792 0 7950 0 191876 0 0 0 BOBBY L FLACK CHIEF INFORMATION OFFICER 130178 0 0 0 0 0 7831 0 17493 0 155502 0 0 0 JOSEPH LEBHERZ DEAN - FREDERICK CAMPUS 119676 0 0 0 0 0 7244 0 23751 0 150671 0 0 0 THOMAS H POWELL FORMER PRESIDENT 415641 0 0 0 131764 0 15900 0 22452 0 585757 0 0 0 PART I, LINE 1A IT IS THE UNIVERSITY'S POLICY TO REIMBURSE EMPLOYEES FOR BUSINESS EXPENSES INCURRED BY THE EMPLOYEE TO FURTHER THE MISSION OF THE UNIVERSITY. INFREQUENTLY, IN ACCORDANCE WITH IRS GUIDELINES, THE UNIVERSITY MAY REIMBURSE AN EMPLOYEE FOR THE COST OF A SPOUSE WHO ATTENDS A FUNCTION HAVING A SIGNIFICANT ROLE OR IS INVOLVED WITH FUND-RAISING WHICH CONSTITUTES A BUSINESS PURPOSE. THE RECTOR OF THE SEMINARY IS PROVIDED ON CAMPUS HOUSING AS A CONDITION OF EMPLOYMENT FOR THE CONVENIENCE OF THE UNIVERSITY. THIS IS INCLUDED AS A NON-TAXABLE BENEFIT IN ACCORDANCE WITH IRS GUIDELINES. AS PART OF PRESIDENT POWELL'S EMPLOYMENT, THE PRESIDENT IS REQUIRED TO LIVE IN A RESIDENCE PROVIDED BY THE UNIVERSITY. MANY UNIVERSITY EVENTS ARE HELD AT THIS RESIDENCE. HOUSEKEEPING SERVICES ARE PROVIDED TO SUPPORT THESE EVENTS. HIS EMPLOYMENT CONTRACT ALSO PROVIDES FOR TRAVEL FOR HIS SPOUSE FOR UNIVERSITY RELATED BUSINESS. THE PRESIDENT PROVIDES AN ACCOUNTING OF HIS DISCRETIONARY SPENDING WHICH IS REVIEWED BY THE CHAIR OF THE AUDIT COMMITTEE OF THE BOARD OF TRUSTEES. PART I, LINE 4B THE UNIVERSITY HAS AN EMPLOYMENT CONTRACT WITH THE PRESIDENT AND THE EXECUTIVE VICE PRESIDENT. IN ACCORDANCE WITH THE TERMS OF THESE EMPLOYMENT CONTRACTS, THE UNIVERSITY HAS ESTABLISHED A NON-QUALIFIED RETIREMENT PLAN AND PROVIDES ANNUAL FUNDING TO THE PLAN WHICH IS INCLUDE AS A NON-TAXABLE BENEFIT IN ACCORDANCE WITH IRS GUIDELINES. THOMAS POWELL RECEIVED A PAYMENT IN THE AMOUNT OF $118,424 FROM A SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN. THIS AMOUNT IS INCLUDED IN THE OTHER COMPENSATION OF SCHEDULE J, PART II, COLUMN B(III). DAN SOLLER RECEIVED A PAYMENT IN THE AMOUNT OF $47,335 FROM A SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN. THIS AMOUNT IS INCLUDED IN THE OTHER COMPENSATION OF SCHEDULE J, PART II, COLUMN B(III). A COUNTY COMMISSIONERS OF FREDERICK COUNTY 526000943 355697BL6 2006-01-12 22065000 REFUNDING OF SERIES 2001B AND CONSTRUCTION OF NEW RESIDENCE HALL 0 0 0 B COUNTY COMMISSIONERS OF FREDERICK COUNTY 526000943 355697CB7 2007-03-27 22333074 REFUNDING OF SERIES 2001A BONDS AND CAMPUS PROJECTS 0 0 0 C TOWN OF EMMITSBURG 526017142 2007-12-21 10000000 RENOVATIONS TO RESIDENCE HALL AND FINE ARTS CENTER 0 0 0 D TOWN OF EMMITSBURG 526017142 2008-12-23 10000000 RENOVATIONS TO RESIDENCE HALL AND FINE ARTS CENTER 0 0 0 A 1715000 22328868 2174047 6200000 454726 12610819 2008 0 1 1 1 B 4770000 22218074 873685 16855000 335006 4323238 2009 0 1 1 1 C 939607 10000000 79416 9920584 2010 0 0 1 1 D 1136048 10000000 46829 9953171 2010 0 0 1 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 B 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 C 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 D 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 A 0 0 0 1 0 0 0 0 1 B 0 0 0 1 0 0 0 0 1 C 0 0 1 0 1 1 PNC BANK 15.000000000000 0 0 0 0 1 D 0 0 1 0 1 1 PNC BANK 21.000000000000 0 0 0 0 1 A 1 B 1 C 1 D 1 A TOWN OF EMMITSBURG 526017142 2009-12-29 1250000 RENOVATIONS TO RESIDENCE HALL 0 0 0 A 1250000 92516 1157484 2010 0 0 1 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 A 0 1 0 0 0 0 0 0 1 A 1 21000 SCHOLARSHIP TUITION ROBERT J SMITH ENTITY 100% OWNED BY BOARD MEMBER 126374 LEGAL SERVICES 0 ANTHONY AGNONE JR CHILD OF BOARD MEMBER 12917 GRADUATE ASSISTANT COMPENSATION 0 X 2 19400 APPRAISAL X 23 1832655 FMV 0 1 0 FORM 990, PART I, PART VI, AND PART VII - BOARD COUNT A TOTAL OF THIRTY-SIX PERSONS SERVED ON THE BOARD OF DIRECTORS DURING THE FISCAL YEAR. THOSE THIRTY-SIX ARE SHOWN IN PART VII OF FORM 990. AS OF JUNE 30, 2016 THERE WERE A TOTAL OF 26 VOTING BOARD MEMBERS SERVING THE ORGANIZATION AS DISCLOSED IN PART VI, LINES 1A AND PART I, LINES 3. FORM 990, PART VI, SECTION B, LINE 11 THE FORM 990 IS PRESENTED TO THE AUDIT COMMITTEE OF THE BOARD FOR THEIR REVIEW PRIOR TO FILING WITH THE IRS. A COPY OF THE FORM 990 IS PROVIDED TO EACH MEMBER OF THE UNIVERSITY'S GOVERNING BODY BEFORE FILING THE FORM. FORM 990, PART VI, SECTION B, LINE 12C COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY IS MONITORED BY THE OFFICE OF THE PRESIDENT. CONFLICTS WITH MEMBERS OF THE BOARD OF TRUSTEES ARE DISCLOSED, AND DISTRIBUTED TO RELEVANT DEPARTMENTS ANNUALLY. TRANSACTIONS WITH THESE PARTIES ARE SEPARATELY REVIEWED. AN INDIVIDUAL OR TRUSTEE WITH A CONFLICT REMOVES THEMSELVES FOR THE DELIBERATIONS AND DECISION. FORM 990, PART VI, SECTION B, LINE 15A THE PRESIDENT PRESENTS A SELF-EVALUATION TO THE BOARD OF TRUSTEES BASED ON AGREED UPON PERFORMANCE GOALS. THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES REVIEW SALARY AND BENEFIT COMPARISON DATA COMPILED FROM SEVERAL SOURCES FOR INSTITUTIONS OF SIMILAR SIZE AND SCOPE. THE FULL BOARD DISCUSSES THE PRESIDENT'S PERFORMANCE AND REVIEWS THE COMPARATIVE SALARY DATA. THE EXECUTIVE COMMITTEE MAKES THE FINAL DECISION ON THE PRESIDENT'S SALARY AND DEFERRED COMPENSATION, WHICH IS COMMUNICATED TO THE FULL BOARD OF TRUSTEES. THE EXECUTIVE COMMITTEE IS COMPRISED OF INDEPENDENT MEMBERS AND THE MEETINGS ARE DOCUMENTED BY FORMAL MINUTES. FOR OTHER OFFICERS OR HIGHLY COMPENSATED EMPLOYEES, SURVEY DATA PROVIDED BY CUPA IS USED ALONG WITH COMPENSATION DATA FROM PEER ORGANIZATIONS. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS -647,509. CHANGE IN THE FAIR VALUE OF INTEREST RATE SWAP AGREEMENTS -1,046,764. GAIN ON TERMINATION OF PLAN 9,242,981. THE MOUNT CLUB INC 16300 OLD EMMITSBURG ROAD LIQUOUR SALES MD 21272 520591672 LIQUOUR SALES MD MOUNT SAINT MARYS UNIVERSITY THE MARION I AND HENRY J KNOTT SCHOLARSHIP FUND INC 4701 N CHARLES ST BALTIMORE MD 21210 521097109 TO SUPPORT CERTAIN TAX EXEMPT INSTITUTIONS IN THE STATE OF MARYLAND MD 501(C)(3) LINE 11A, I 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0