2017-02-15T15:08:40-06:00 2016-06-30 390859910 BAKER TILLY VIRCHOW KRAUSE LLP 46 PUBLIC SQUARE SUITE 400 WILKESBARRE PA 18701 990 2015-07-01 240795406 MISERICORDIA UNIVERSITY MISE 5706746400 301 LAKE STREET DALLAS PA 186121090 BEATRICE FEVRY VP, FINANCE AND ADMIN/TREAS. 5706746400 2017-02-14 1 JULIUS C GREEN CPA P00350393 5708200100 2015 2021-01-29 14:40:06Z THOMAS J BOTZMAN PHD 301 LAKE STREET DALLAS PA 186121090 94727392 0 0928 X WWW.MISERICORDIA.EDU X 1924 PA TO PROVIDE HIGHER EDUCATION SERVICES. 32 30 1529 32 275943 -100712 6169572 9242741 80876545 82538389 1082301 873609 655928 514668 88784346 93169407 22218939 24939126 0 0 34681928 36642564 248460 159254 1355050 22184838 22158352 79334165 83899296 9450181 9270111 157571673 163002096 43541793 42218032 114029880 120784064 X MISSION STATEMENT: MISERICORDIA UNIVERSITY, A CATHOLIC LIBERAL ARTS INSTITUTION ESTABLISHED IN THE TRADITION OF THE SISTERS OF MERCY, FOSTERS INTELLECTUAL CURIOSITY, CRITICAL THINKING, AND RESPECT FOR PERSONS IN AN ENVIRONMENT WHERE ALL ARE WELCOME.VALUES STATEMENT: AS A COMMUNITY, WE ARE COMMITTED TO INTEGRITY AND THE VALUES OF THE SISTERS OF MERCY AS THE FOUNDATION OF UNIVERSITY LIFE. OUR VALUES ARE: MERCY THROUGH COMPASSION, LOVE AND CARING; SERVICE THROUGH SELFLESSNESS, SACRIFICE AND ACTION; JUSTICE THROUGH FAIRNESS, ACCEPTANCE AND ADVOCACY; HOSPITALITY WITH DIGNITY, RESPECT AND OPENNESS. 0 0 73819537 24939126 82690598 MISERICORDIA UNIVERSITY IS A CATHOLIC, LIBERAL ARTS-BASED, CO-EDUCATIONAL UNIVERSITY FOUNDED IN 1924 AND IT IS SPONSORED BY THE RELIGIOUS SISTERS OF MERCY. THE UNIVERSITY OFFERS UNDERGRADUATE AND GRADUATE PROGRAMS TO RESIDENT AND COMMUTER STUDENTS WHO CAN CHOOSE FROM MAJORS IN THREE DISTINCT ACADEMIC COLLEGES. THE COLLEGE OF ARTS AND SCIENCES OFFERS MAJOR DEGREE PROGRAMS IN BIOCHEMISTRY, BIOLOGY, CHEMISTRY, CLINICAL LABORATORY SCIENCE, COMPUTER SCIENCE, ENGLISH, GOVERNMENT, LAW AND NATIONAL SECURITY, HISTORY, MATHEMATICS, MEDICAL AND HEALTH HUMANITIES, PHILOSOPHY, AND PSYCHOLOGY, AS WELL AS A NUMBER OF MINOR DEGREE PROGRAMS. SPECIALIZATIONS IN PRE-LAW (ENGLISH, HISTORY, MEDICAL AND HEALTH HUMANITIES, PHILOSOPHY), AND PRE-PROFESSIONAL (BIOCHEMISTRY, CHEMISTRY)THE COLLEGE OF HEALTH SCIENCES & EDUCATION OFFERS MAJOR DEGREE PROGRAMS IN APPLIED BEHAVIORAL SCIENCE, EDUCATION, EARLY CHILDHOOD & SPECIAL EDUCATION, DIAGNOSTIC MEDICAL SONOGRAPHY, HEALTH INFORMATICS, HEALTH SCIENCE, MEDICAL IMAGING, MEDICAL SCIENCE, MID-LEVEL EDUCATION, NURSING, OCCUPATIONAL THERAPY, PHYSICAL THERAPY, MSN, RN-BSN, BSN-DNP, PHYSICIAN ASSISTANT STUDIES, SOCIAL WORK, AND SPEECH-LANGUAGE PATHOLOGY AS WELL AS A MINOR DEGREE PROGRAM IN MANAGEMENT. CERTIFICATION PROGRAMS ARE AVAILABLE IN ADDICTIONS COUNSELING, DIAGNOSTIC MEDICAL SONOGRAPHY, GERIATRIC CARE MANAGER, HEALTH INFORMATICS, POST MASTERS FAMILY NURSE PRACTITIONER, NON-DEGREE TEACHER CERTIFICATION IN SPECIAL AND SECONDARY EDUCATION, PACS ADMINISTRATOR, PATIENT NAVIGATION, AND PEDIATRICS.SPECIALIZATIONS INCLUDE MANAGEMENT, NURSING LEADERSHIP, NURSING EDUCATION, FAMILY NURSE PRACTITIONER, OCCUPATIONAL THERAPY, PATIENT NAVIGATION, PEDIATRICS, AND SPEECH-LANGUAGE PATHOLOGY.THE COLLEGE OF HEALTH SCIENCES & EDUCATION OFFERS ENTRY LEVEL PROFESSIONAL MASTER OF SCIENCE DEGREES IN OCCUPATIONAL THERAPY, PHYSICAL THERAPY, PHYSICIAN ASSISTANT STUDIES, AND SPEECH-LANGUAGE PATHOLOGY; A POST-PROFESSIONAL MASTER OF SCIENCE DEGREE IN OCCUPATIONAL THERAPY; AND POST PROFESSIONAL DOCTORIAL DEGREES IN PHYSICAL THERAPY, OCCUPATIONAL THERAPY, AND NURSING PRACTICE. THE COLLEGE OF BUSINESS OFFERS MAJOR DEGREE PROGRAMS IN ACCOUNTING, BUSINESS ADMINISTRATION, COMMUNICATIONS, HEALTH CARE MANAGEMENT, INFORMATION TECHNOLOGY, PROFESSIONAL STUDIES, AND SPORTS MANAGEMENT ALONG WITH A NUMBER OF MINOR DEGREE PROGRAMS. GRADUATE PROGRAMS INCLUDE BUSINESS ADMINISTRATION, AND ORGANIZATIONAL MANAGEMENT.SPECIALIZATIONS INCLUDE ACCOUNTING, FORENSIC ACCOUNTING, GENERAL BUSINESS, HEALTH CARE MANAGEMENT, HEALTH CARE MARKETING, HUMAN RESOURCE MANAGEMENT, INFORMATION TECHNOLOGY MANAGEMENT, MANAGEMENT, MANAGEMENT INFORMATION SYSTEMS, MARKETING, MENTAL HEALTH INTERVENTION, SELECTED SEQUENCE, AND SPORTS MANAGEMENT.THE UNIVERSITY IS REGIONALLY ACCREDITED BY THE MIDDLE STATES COMMISSION ON HIGHER EDUCATION. OTHER ACCREDITING AGENCIES RECOGNIZING THE UNIVERSITY INCLUDE THE ACCREDITATION COUNCIL FOR OCCUPATIONAL THERAPY EDUCATION, COMMISSION ON ACCREDITATION IN PHYSICAL THERAPY EDUCATION, COMMISSION ON ACCREDITATION OF ALLIED HEALTH EDUCATION PROGRAMS (CAAHEP), COMMISSION ON COLLEGIATE NURSING EDUCATION, COUNCIL ON ACADEMIC ACCREDITATION IN AUDIOLOGY AND SPEECH-LANGUAGE PATHOLOGY (CAA), COUNCIL ON SOCIAL WORK EDUCATION, INTERNATIONAL ASSEMBLY FOR COLLEGIATE BUSINESS EDUCATION (IACBE), PENNSYLVANIA DEPARTMENT OF EDUCATION, AND THE JOINT REVIEW COMMITTEE ON EDUCATION IN RADIOLOGIC TECHNOLOGY. ALSO, MISERICORDIA UNIVERSITY HAS LEGAL PERMISSION FROM THE PENNSYLVANIA STATE BOARD OF NURSE EXAMINERS TO OPERATE A SCHOOL OF NURSING IN THE COMMONWEALTH OF PENNSYLVANIA. THE MASTER'S DEGREE IN EDUCATION OFFERED BY MISERICORDIA UNIVERSITY IS FULLY APPROVED BY THE PENNSYLVANIA DEPARTMENT OF EDUCATION. THE MASTER'S DEGREE IN NURSING IS FULLY ACCREDITED BY THE COMMISSION ON COLLEGIATE NURSING EDUCATION (CCNE) OF THE AMERICAN ASSOCIATION OF COLLEGES OF NURSING (AACN). THE PROFESSIONAL MASTER'S DEGREE PROGRAM IN OCCUPATIONAL THERAPY IS FULLY ACCREDITED BY THE ACCREDITATION COUNCIL FOR OCCUPATIONAL THERAPY EDUCATION. THE ENTRY LEVEL PROGRAM IN PHYSICAL THERAPY IS FULLY ACCREDITED BY THE COMMISSION ON ACCREDITATION OF PHYSICAL THERAPY EDUCATION. THE TRANSITION DOCTOR OF PHYSICAL THERAPY PROGRAM (TDPT) AND THE OCCUPATIONAL THERAPY DOCTORAL PROGRAM (OTD) ARE FULLY APPROVED BY THE PENNSYLVANIA DEPARTMENT OF EDUCATION. THE MASTER'S DEGREE IN BUSINESS ADMINISTRATION AND THE MASTER'S DEGREE IN ORGANIZATIONAL MANAGEMENT HAVE ACCREDITATION BY THE INTERNATIONAL ASSEMBLY FOR COLLEGIATE BUSINESS EDUCATION. THE PROFESSIONAL MASTER'S DEGREE PROGRAM IN SPEECH-LANGUAGE PATHOLOGY AT MISERICORDIA UNIVERSITY IS ACCREDITED BY THE COUNCIL ON ACADEMIC ACCREDITATION IN AUDIOLOGY AND SPEECH-LANGUAGE PATHOLOGY (CAA).THE ACCREDITATION REVIEW COMMISSION ON EDUCATION FOR THE PHYSICIAN ASSISTANT (THE "ARC-PA") HAS ACCEPTED MISERICORDIA UNIVERSITY'S PLAN TO VOLUNTARILY WITHDRAW FROM THE ARC-PA ACCREDITATION PROCESS EFFECTIVE AUGUST 30, 2017. UNTIL THAT TIME, THE GRADUATE PROGRAM WILL REMAIN ON ACCREDITATION PROBATION AND BE ELIGIBLE TO COMPLETE ACADEMIC INSTRUCTION TO TWO CLASSES OF GRADUATE STUDENTS AFTER WHICH TIME THE UNIVERSITY WILL BE ELIGIBLE TO REAPPLY FOR ACCREDITATION. GRADUATE STUDENTS IN THEIR DIDACTIC AND CLINICAL YEARS WILL COMPLETE THE PROGRAM AND BE ELIGIBLE TO SIT FOR THE PHYSICIAN ASSISTANT NATIONAL CERTIFYING EXAMINATION FOLLOWING COMPLETING OF THEIR STUDIES. THE MASTER OF SCIENCE IN PHYSICIAN ASSISTANT STUDIES PROGRAM WILL NOT ACCEPT NEW STUDENTS FOR ENROLLMENT DURING THAT TIME. THE TOTAL HEADCOUNT FOR FALL 2015 INCLUDED 3,065 STUDENTS. 73819537 1 1 0 0 0 0 0 1 0 1 1 0 0 0 1 1 1 0 0 0 1 0 1 1 1 0 0 0 1 1 1 0 0 0 0 0 0 1 0 0 1 1 1 0 0 0 1 0 0 0 1 4234 0 1 1529 1 1 1 0 0 0 0 1 1 0 0 0 0 X 32 30 1 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 PA X RONALD HROMISIN CONTROLLER 5706746400 301 LAKE STREET DALLAS PA 18612 MICHAEL AMORY TRUSTEE 0.20 X 0 0 0 MSGR JOHN J BENDIK TRUSTEE 0.20 X 0 0 0 CHRISTOPHER L BORTON CHAIRMAN 0.20 X X 0 0 0 JONATHAN BRASSINGTON TRUSTEE 0.20 X 0 0 0 ALFRED CASALE MD TRUSTEE 0.20 X 0 0 0 CORNELIO CATENA TRUSTEE 0.20 X 0 0 0 R GREGORY COLLINS TRUSTEE 0.20 X 0 0 0 DR RUTH A CONNOLLY TRUSTEE 0.20 X 0 0 0 SCOTT DAGENAIS TRUSTEE (RETI. 6/16) 0.20 X 0 0 0 MARY ERWINE TRUSTEE 0.20 X 0 0 0 PATRICIA FINAN-CASTELLANO TRUSTEE 0.20 X 0 0 0 HAROLD E FLACK II TRUSTEE 0.20 X 0 0 0 CAROL ANN GALLAGHER RSM TRUSTEE 0.20 X 0 0 0 THE HON TINA POLACHEK GARTLEY TRUSTEE 0.20 X 0 0 0 DR MARTHA HANLON RSM TRUSTEE 0.20 X 0 0 0 ROGER HOWELL TRUSTEE 0.20 X 0 0 0 PHILLIP JOHNSON TRUSTEE 0.20 X 0 0 0 KRISTOPHER B JONES TRUSTEE 0.20 X 0 0 0 SCOTT LYNETT TRUSTEE 0.20 X 0 0 0 SHERRY A MANETTA TRUSTEE 0.20 X 0 0 0 MARJORIE HENRY MARQUART TRUSTEE 0.20 X 0 0 0 SR CATHERINE MCGROARTY RSM TRUSTEE 0.20 X 0 0 0 JOHN C METZ TRUSTEE 0.20 X 0 0 0 DANIEL MEUSER TRUSTEE 0.20 X 0 0 0 DR MARY HELEN NUGENT RSM TRUSTEE 0.20 X 0 0 0 DR CAROL RITTNER RSM TRUSTEE 0.20 X 0 0 0 PAUL SIEGEL TRUSTEE 0.20 X 0 0 0 DR DEBORAH SMITH-MILESKI VICE-CHAIR 0.20 X X 0 0 0 ROBERT J SOPER TRUSTEE 0.20 X 0 0 0 MARY BETH MCNAMARA SULLIVAN TRUSTEE 0.20 X 0 0 0 SR MAYON SYLVAIN RSM TRUSTEE 0.20 X 0 0 0 MARK VAN LOON ESQ TRUSTEE 0.20 X 0 0 0 WILLIAM C WILLIAMS TRUSTEE (RETI. 6/16) 0.20 X 0 0 0 PAUL WOELKERS TRUSTEE 0.20 X 0 0 0 THOMAS J BOTZMAN PHD PRESIDENT 40.00 X 294532 0 66484 CHARLES BRODY VICE PRESIDENT 40.00 X 83770 0 16195 ERIC NELSON VP - FIN/TREAS. (RES. 10/15) 40.00 X 137697 0 17028 PETER FACKLER TREASURER 40.00 X 37843 0 862 BARBARA LOFTUS VP - PLANNING, ASSESSMENT,/SEC'Y 40.00 X 140712 0 18424 CAROL FAHNESTOCK SECRETARY (RES. 9/15) 40.00 X 40208 0 9220 SUSAN HELWIG VP - UNIV ADVANCEMENT 40.00 X 154967 0 20894 LEAMOR KAHANOV DEAN- HEALTH SCIENCES 40.00 X 140659 0 22693 FRED CROOP DEAN-PROF. STUDIES/SOCIAL SCI. 40.00 X 140166 0 31142 CORINA SLAFF ASSOCIATE PROFESSOR 40.00 X 140097 0 18336 DARCI BROWN ASST. PROF./PROG. DIRECTOR 40.00 X 129960 0 17057 1440611 0 238335 26 0 1 0 METZ & ASSOCIATES LTD 301 LAKE STREET DALLAS PA 18612 FOOD SERVICE 2874992 CARROLL CONSTRUCTION CO PO BOX 341 DALLAS PA 18612 GENERAL CONSTRUCTION CONTRACTOR 1803556 EASTERN ROOFING SYSTEMS INC 1 KEYSTONE PLACE JESSUP PA 18434 ROOFING CONTRACTOR 474694 MULTISCAPE INC 995 SOUTH TOWNSHIP BLVD PITTSTON PA 18640 GENERAL CONSTRUCTION CONTRACTOR 305415 JENZABAR INC PO BOX 55018 BOSTON MA 02205 COMPUTER SOFTWARE CONTRACTOR 280655 21 31678 1225504 7985559 313300 9242741 STUDENT TUITION & FEES 611600 70532525 70532525 ROOM & BOARD 721310 11453262 11453262 BOOKSTORE 451211 514998 514998 SPEECH PATHOLOGY USER FEES 611600 28614 28614 STUDENT LOAN INT INC 523000 8290 8290 700 700 82538389 867796 2155 865641 19050 4878 14172 14172 14172 1542549 1536736 5813 5813 5813 13725 31678 16371 -2646 -2646 SUMMER CAMPS/CONFERENCES 611710 255048 87018 168030 STUDENT PARKING/FINES 812930 77145 77145 OUTSIDE PRINTING REVENUE 561439 67048 67048 103901 65191 38710 503142 93169407 82167310 275943 1483413 24827011 24827011 112115 112115 927311 927311 26696667 23450672 2459403 786592 3568078 3134242 342588 91248 1948712 1711772 187105 49835 3501796 3076020 336224 89552 201371 201371 68550 68550 159254 159254 154128 154128 2632761 1896925 667285 68551 531413 61025 469187 1201 1983019 1670118 260963 51938 1365432 363322 1002110 2181131 2158214 22792 125 1064017 967695 84943 11379 313908 234109 79269 530 1326172 1297018 29154 4805061 4633513 171548 387124 387124 FOOD SERVICE 2943806 2766219 142102 35485 MEMBERSHIPS 349475 225602 120797 3076 BOOKSTORE 279372 279365 7 JANITORIAL 96730 96730 1474882 470726 997879 6277 83899296 73819537 8724709 1355050 150775 143652 7796362 5030683 3521106 7004761 1415859 1479596 381862 257941 356109 159418 141333594 55914982 85106402 85418612 50599828 55808734 2287482 2218646 5955888 5480053 157571673 163002096 3282603 2962761 2604776 2816156 34394582 33067033 3259832 3372082 43541793 42218032 X 74391207 78021616 20020476 22170187 19618197 20592261 114029880 120784064 157571673 163002096 X 9270111 -1590937 -924990 X 0 1 X 1 1 1 X 6549801 7160206 3668981 6169572 9242741 32791301 6549801 7160206 3668981 6169572 9242741 32791301 7467623 25323678 497418 233393 572865 879294 886846 3069816 41623 58823 62909 78175 77145 318675 36179792 383023429 0.69990 0.80270 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: STUDENT PARKING/FEES - 2011 AMOUNT: $ 41,623. 2012 AMOUNT: $ 58,823. 2013 AMOUNT: $ 62,909. 2014 AMOUNT: $ 78,175. 2015 AMOUNT: $ 77,145. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1581083 X 0 44087111 1798376 -1608124 580710 146954 43549699 39366557 4296423 964203 417606 122466 44087111 30695310 5093521 4220136 548136 94274 39366557 25434408 3009325 2738572 410414 76581 30695310 24806649 1295755 -121518 414869 131609 25434408 0.41000 0.46000 0.13000 1 0 1240229 1240229 107864768 34480113 73384655 9220758 4737291 4483467 20397191 16697578 3699613 2610648 2610648 85418612 STUDENT DEPOSITS & ADVANCES 333892 ANNUITIES PAYABLE 56301 ADVANCE FROM FEDERAL GOVERNMENT FOR STUDENT LOANS 1639081 ASSET RETIREMENT OBLIGATIONS 106080 ACCRUED PENSION COST 1236728 3372082 X 66736169 -1590937 -24548793 -26139730 92875899 293508 293508 93169407 59981985 21609 21609 59960376 23938920 23938920 83899296 PART III, LINE 4: THE UNIVERSITY MAINTAINS A COLLECTION OF ARTWORK DISPLAYED IN THE DECOR OF VARIOUS UNIVERSITY BUILDINGS. THE UNIVERSITY'S ART GALLERY AND COLLECTION IS AN INTEGRAL PART OF THE ARTISTIC CULTURE OF THE INSTITUTION. PART V, LINE 4: ANNUAL EARNINGS FROM THE UNIVERSITY'S ENDOWMENT ARE USED FOR THE FOLLOWING PURPOSES: 1. PRESERVATION OF THE ENDOWMENT PRINCIPAL TO PROVIDE CONTINUED EARNINGS. 2. USE OF AN ANNUALLY PRE-DETERMINED ENDOWMENT SPENDING RATE TO INCREASE FUNDS AVAILABLE FOR USE IN AWARDING ANNUAL SCHOLARSHIPS. 3. FUNDING OF A SPENDING RESERVE TO BE USED IN YEARS WHEN ANNUAL EARNINGS CANNOT SUPPORT THE PRESERVATION OF ENDOWMENT PRINCIPAL AND THE ENDOWMENT SPENDING RATE. PART X, LINE 2: THE UNIVERSITY ACCOUNTS FOR UNCERTAINTIES IN INCOME TAXES IN ACCORDANCE WITH AUTHORITATIVE GUIDANCE, WHICH PRESCRIBES A RECOGNITION THRESHOLD OF MORE-LIKELY-THAN-NOT TO BE SUSTAINED UPON EXAMINATION BY THE APPROPRIATE TAXING AUTHORITY. MEASUREMENT OF THE TAX UNCERTAINTY OCCURS IF THE RECOGNITION THRESHOLD HAS BEEN MET. THE UNIVERSITY DOES NOT BELIEVE ITS FINANCIAL STATEMENTS INCLUDE ANY UNCERTAIN TAX POSITIONS. THE UNIVERSITY'S POLICY IS TO RECOGNIZE INTEREST RELATED TO UNRECOGNIZED TAX BENEFITS IN INTEREST EXPENSE AND PENALTIES IN OPERATING EXPENSES. NO INTEREST ON PENALTIES WAS RECOGNIZED IN 2016 AND 2015. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN SPLIT-INTEREST AGREEMENTS -471,067. MINIMUM PENSION LIABILITY ADJUSTMENT -138,806. STUDENT SCHOLARSHIPS -23,784,792. INVESTMENT FEES -154,128. PART XI, LINE 4B - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES -16,731. RENTAL EXPENSES -4,878. PLEDGE NOT RECORDED ON FINANCIALS 315,117. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES 16,731. RENTAL EXPENSES 4,878. PART XII, LINE 4B - OTHER ADJUSTMENTS: STUDENT SCHOLARSHIPS 23,784,792. INVESTMENT EXPENSES 154,128. 0 CENTRAL AMERICA AND THE CARIBBEAN 0 0 PROGRAM SERVICES EDUCATIONAL/VOLUNTEERISM ACTIVITIES 14337 SOUTH AMERICA - ARGENTINA, BOLIVIA, BRAZIL, CHILE, COLUMBIA, ECUADOR, 0 0 PROGRAM SERVICES EDUCATIONAL/VOLUNTEERISM ACTIVITIES 18694 EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM 0 0 PROGRAM SERVICES EDUCATIONAL/VOLUNTEER ACTIVITIES 1667 EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM 0 0 PROGRAM SERVICES STUDY ABROAD 65097 EAST ASIA AND THE PACIFIC - AUSTRALIA, BRUNEI, BURMA, CAMBODIA, 1 0 PROGRAM SERVICES STUDY ABROAD 10664 EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM 0 0 PROGRAM SERVICES STUDY ABROAD-ADMIN 7313 EAST ASIA AND THE PACIFIC - AUSTRALIA, BRUNEI, BURMA, CAMBODIA, 0 0 PROGRAM SERVICES STUDY ABROAD-ADMIN 362 1 0 0 0 1 0 118134 0 118134 EAST ASIA AND THE PACIFIC 1 3216 EUROPE (INCLUDING ICELAND & GREENLAND) 18 108899 0 0 0 0 0 0 X X X X X X X 1 RUFFALO NOEL LEVITZ 1025 KIRKWOOD PARKWAY SW CEDAR RAPIDS IA 52404 PHONATHON 0 113111 83754 29357 SNAVELY ASSOCIATES 112 W FOSTER AVE 401 STATE COLLEGE PA 16801 CAPITAL CAMPAIGN CONSULTANT 0 0 71500 71500 113111 155254 100857 MU GOLF TOURNAMENT 45403 31678 13725 8625 5100 2646 45403 31678 13725 8625 5100 2646 16371 -2646 1 STUDENT ACADEMIC SCHOLARSHIPS 2059 24827011 N/A PART I, LINE 2: THE UNIVERSITY PROVIDES ITS STUDENTS WITH SCHOLARSHIPS THAT ARE AWARDED BASED ON VARIOUS CRITERIA. EACH STUDENT'S ELIGIBILITY IS VERIFIED PRIOR TO AWARDING A SCHOLARSHIP. THE UNIVERSITY POSTS THE GRANT DIRECTLY TO EACH STUDENT'S OUTSTANDING ACCOUNT BALANCE TO ENSURE THE PROPER USE OF AWARDED FUNDS. X X 1 1 X X X X 0 1 0 0 0 0 0 1 0 THOMAS J BOTZMAN PHD PRESIDENT 243682 0 40000 0 10850 0 46626 0 19858 0 361016 0 0 0 ERIC NELSON VP - FIN/TREAS. (RES. 10/15) 137697 0 0 0 0 0 11288 0 5740 0 154725 0 0 0 BARBARA LOFTUS VP - PLANNING, ASSESSMENT,/SEC'Y 140712 0 0 0 0 0 11011 0 7413 0 159136 0 0 0 SUSAN HELWIG VP - UNIV ADVANCEMENT 154967 0 0 0 0 0 12798 0 8096 0 175861 0 0 0 LEAMOR KAHANOV DEAN- HEALTH SCIENCES 140659 0 0 0 0 0 4928 0 17765 0 163352 0 0 0 FRED CROOP DEAN-PROF. STUDIES/SOCIAL SCI. 140166 0 0 0 0 0 10689 0 20453 0 171308 0 0 0 CORINA SLAFF ASSOCIATE PROFESSOR 140097 0 0 0 0 0 0 0 18336 0 158433 0 0 0 PART I, LINE 1A THE UNIVERSITY FURNISHES THE PRESIDENT AND HIS FAMILY WITH HOUSING OWNED BY THE UNIVERSITY, WHICH IS REQUIRED AS A CONDITION OF EMPLOYMENT. THE PRESIDENT AND HIS FAMILY WILL RESIDE IN THE HOME THROUGHOUT HIS TERM. THE HOUSE IS ALSO USED TO HOST UNIVERSITY-RELATED FUNCTIONS. THIS BENEFIT WAS NOT INCLUDED IN TAXABLE COMPENSATION AS IT QUALIFIES FOR EXCLUSION UNDER INTERNAL REVENUE CODE SECTION 119(D) DUE TO BEING REQUIRED AS A CONDITION OF EMPLOYMENT AND FOR THE CONVENIENCE OF THE EMPLOYER. THE UNIVERSITY IS RESPONSIBLE FOR PAYING THE COST OF ALL UTILITIES AND REASONABLE EXPENSES, EXCLUDING PERSONAL TELEPHONE CHARGES, INCLUDING MAINTENANCE AND RENOVATIONS TO THE PRESIDENT'S RESIDENCE AND GROUNDS. THE UNIVERSITY PAYS DUES FOR MEMBERSHIPS IN SUCH PROFESSIONAL AND COMMUNITY ASSOCIATIONS AND ORGANIZATIONS, AND FOR ATTENDANCE BY THE PRESIDENT AT CONFERENCES AND MEETINGS, AS DEEMED APPROPRIATE FOR THE PRESIDENT'S IMPLEMENTATION OF THE DUTIES OF HIS OFFICE. THIS INCLUDES MEMBERSHIP FEES TO THE WESTMORELAND CLUB AND HUNTSVILLE GOLF CLUB. THESE BENEFITS ARE NOT INCLUDED IN THE PRESIDENT'S TAXABLE COMPENSATION GIVEN THE BUSINESS NATURE SURROUNDING THESE MEMBERSHIPS. PART I, LINE 4B THOMAS BOTZMAN, THE PRESIDENT, PARTICIPATES IN A NON-QUALIFIED PLAN. THE UNIVERSITY CONTRIBUTED $25,000 TO THE PLAN DURING THE FISCAL YEAR. PART I, LINE 7 THE PRESIDENT OF THE UNIVERSITY MAY RECEIVE AN INCENTIVE-BASED ANNUAL BONUS AT THE DISCRETION OF THE BOARD OF TRUSTEES. THE DECISION TO AWARD A BONUS IS BASED UPON THE PRESIDENT'S PERFORMANCE DURING THE PREVIOUS YEAR AND MEASURED AGAINST THE GOALS, OBJECTIVES, AND EXPECTATIONS MUTUALLY ESTABLISHED BY THE PRESIDENT AND THE BOARD OF TRUSTEES ANNUALLY. A THE GENERAL MUNICIPAL AUTHORITY OF THE BOROUGH OF HARVEYS LAKE 231920749 417846AA0 2008-12-18 21360000 PARTIAL REFUNDING OF PRIOR BOND ISSUE, FIN CAPITAL PROJS, PAY ISSUANCE COSTS 0 0 0 B DALLAS AREA MUNICIPAL AUTHORITY 231746641 235171AM7 2014-09-02 29617498 FULLY REFUND 2010-2012 TERM LOANS AND PARTIALLY REFUND THE 2008 BOND ISSUE. 0 0 0 A 14615000 21360000 331438 17694527 3334035 2009 1 0 1 1 B 29617498 2436491 490045 26679602 2014 1 0 1 1 A 0 0 1 1 0 0.00000 0.00000 0.00000 0 0 1 B 0 0 1 1 0 0.00000 0.00000 0.00000 0 0 1 A 0 1 0 0 1 1 PNC BANK 20.400000000000 0 1 0 0 1 B 0 1 0 0 0 0 0 0 1 A 1 B 1 SCHEDULE K, PART IV, LINE 4C: THE ORGANIZATION TERMINATED ITS HEDGE WHEN THE BOND ISSUE WAS REFINANCED IN SEPTEMBER 2014. PER IRS INSTRUCTIONS NAMES ARE NOT PER IRS INSTRUCTIONS, INTERESTED PERSONS ARE NOT INDIVIDUALLY NAMED. 4455 TUITION ASSISTANCE EMPLOYEE BENEFITS JOHN C METZ BOARD MEMBER 2960842 FOOD SERVICE FOR THE UNIVERSITY IS PROVIDED BY METZ & ASSOCIATES, LTD. JOHN C. METZ IS THE EXECUTIVE CHAIRMAN OF METZ & ASSOCIATES, LTD AND ALSO SERVES AS A BOARD MEMBER FOR THE UNIVERSITY. THE BOARD MAINTAINS A CONFLICT OF INTEREST POLICY AND ALL TRANSACTIONS WITH METZ & ASSOCIATES, LTD ARE CONDUCTED AT ARM'S LENGTH. 0 CHRISTOPHER L BORTON BOARD MEMBER 222331 ENGINEERING AND ARCHITECTURAL SERVICES ARE PROVIDED TO THE UNIVERSITY BY BORTON-LAWSON ENGINEERING. CHRISTOPHER L. BORTON, THE PRESIDENT OF THE FIRM, ALSO SERVES AS A BOARD MEMBER OF THE UNIVERSITY. THE BOARD MAINTAINS A CONFLICT OF INTEREST POLICY, AND ALL TRANSACTIONS WITH BORTON-LAWSON ENGINEERING ARE CONDUCTED AT ARM'S LENGTH. 0 X 6 63300 NYSE X 1 250000 APPRAISAL 0 0 1 0 PART I, COLUMN (B): THE NUMBER OF CONTRIBUTORS IS REPORTED FOR ALL GIFTS. FORM 990, PART VI, SECTION A, LINE 1 THE EXECUTIVE COMMITTEE SHALL EXERCISE ALL OF THE POWERS OF THE BOARD OF TRUSTEES WHEN THE BOARD IS NOT IN SESSION, WITH THE EXCEPTION OF REMOVING OR APPOINTING THE PRESIDENT OF THE UNIVERSITY OR TAKING ANY ACTION WHICH HAS SPECIFICALLY BEEN RESERVED BY THE BOARD. FORM 990, PART VI, SECTION A, LINE 2 THE FOLLOWING RELATIONSHIPS WERE DISCLOSED AMONG BOARD MEMBERS: CORNELIO CATENA AND R. GREGORY COLLINS HAVE A BUSINESS RELATIONSHIP. PAUL WOELKERS AND MARY ERWINE HAVE A BUSINESS RELATIONSHIP. FORM 990, PART VI, SECTION A, LINE 6 THE SOLE MEMBER OF THE UNIVERSITY SHALL BE THE CONFERENCE FOR MERCY HIGHER EDUCATION, INC. FORM 990, PART VI, SECTION A, LINE 7A THE SOLE MEMBER HAS THE RIGHT TO APPOINT AND REAPPOINT TRUSTEES. FORM 990, PART VI, SECTION A, LINE 7B POWERS RESERVED FOR THE SOLE MEMBER INCLUDE: 1. CHANGES IN INSTITUTIONAL PURPOSE 2. APPOINTMENT OF A PRESIDENT OF THE UNIVERSITY 3. MERGER OR CONSOLIDATION OF THE INSTITUTION WITH ANOTHER CORPORATION 4. SALE, MORTGAGE, PURCHASE, OR LEASE OF REAL PROPERTY AFFECTING MORE THAN FIVE PERCENT OF CORPORATE ASSETS, LOANS EXCEEDING FIVE PERCENT OF CORPORATE ASSETS, AND DISPOSITION OF CORPORATE ASSETS EXCEEDING ONE PERCENT OF CORPORATE ASSETS. 5. MATTERS REQUIRED BY CANON LAW 6. APPROVAL OF AMENDMENTS TO THE BY-LAWS FORM 990, PART VI, SECTION B, LINE 11 AFTER PREPARATION, A COMPLETE COPY OF FORMS 990 AND 990-T ARE REVIEWED EXTENSIVELY BY THE UNIVERSITY'S FINANCIAL MANAGEMENT AREA IN CONSULTATION WITH THE UNIVERSITY'S INDEPENDENT TAX PROFESSIONALS. UPON COMPLETION OF THAT REVIEW PROCESS THE UNIVERSITY PROVIDES FORM 990 AND 990-T TO THE UNIVERSITY'S AUDIT COMMITTEE. THE UNIVERSITY'S AUDIT COMMITTEE IS A STANDING COMMITTEE OF THE BOARD OF TRUSTEES. AS OUTLINED IN THE AUDIT COMMITTEE CHARTER, ONE OF THE AUDIT COMMITTEE'S RESPONSIBILITIES IS TO ANNUALLY REVIEW AND APPROVE FEDERAL FORM 990 AND FORM 990-T PRIOR TO FILING. AFTER REVIEW AND APPROVAL BY THE AUDIT COMMITTEE, COPIES OF FORMS 990 AND 990-T ARE PROVIDED TO THE FULL BOARD OF TRUSTEES PRIOR TO THE FILING DUE DATE VIA A WEB-BASED SECURE LINK. FORM 990, PART VI, SECTION B, LINE 12C THE UNIVERSITY MAINTAINS A WRITTEN CONFLICT OF INTEREST POLICY COVERING ALL MEMBERS OF THE BOARD OF TRUSTEES, INSTITUTIONAL OFFICERS, FACULTY AND EMPLOYEES OF THE UNIVERSITY. A DISCLOSURE AND CONFLICT OF INTEREST FORM DETAILS INFORMATION REGARDING SUBSTANTIVE, COMPETING, BUSINESS AND FAMILIAL RELATIONSHIPS THAT MAY REPRESENT A CONFLICT OF INTEREST. ANY SUCH RELATIONSHIPS INCLUDING POSSIBLE SUBSTANTIAL BENEFITS ARE DETAILED ON THE DISCLOSURE AND CONFLICT OF INTEREST FORM. MEMBERS OF THE BOARD OF TRUSTEES ARE REQUIRED TO COMPLETE A NEW DISCLOSURE AND CONFLICT OF INTEREST FORM ANNUALLY. THE FORMS ARE REVIEWED BY THE SECRETARY OF THE BOARD OF TRUSTEES AND ANY POTENTIAL CONFLICTS ARE REVIEWED WITH THE PRESIDENT AND THE HUMAN RESOURCES DEPARTMENT AS CONSIDERED NECESSARY. BOARD MEMBERS AND OTHER OFFICERS ABSTAIN FROM ANY DECISIONS MADE BY THE BOARD WHEN A CONFLICT IS PRESENT. FORM 990, PART VI, SECTION B, LINE 15 THE UNIVERSITY'S EXECUTIVE COMMITTEE, WHICH ALSO SERVES AS THE COMPENSATION COMMITTEE, PERIODICALLY ENGAGES AN INDEPENDENT CONSULTING FIRM TO ASSIST IN DETERMINING EXECUTIVE COMPENSATION WITHIN A PRE-DETERMINED COMPENSATION PHILOSOPHY. THE FIRM'S REVIEW IS BASED UPON MARKET EVALUATION OF ITEMS INCLUDING THE UNIVERSITY'S PEER INSTITUTIONS' STATISTICS, FAIR MARKET RANGE WITHIN THE INDUSTRY, AND COMPENSATION AND BENEFITS IN COMPLIANCE WITH APPROPRIATE PROVISIONS OF THE INTERNAL REVENUE CODE. SALARY ADJUSTMENTS AND BONUSES FOR THE PRESIDENT ARE DISCUSSED AND DOCUMENTED AT THE EXECUTIVE COMMITTEE LEVEL. ALL OTHER EMPLOYEES, INCLUDING KEY EMPLOYEES, HAVE THEIR COMPENSATION DECIDED UPON DATE OF HIRE. SUBSEQUENT RAISES ARE DETERMINED BASED ON AN ANNUAL UNIVERSITY-WIDE INCREASE. FAIR MARKET COMPENSATION FOR THE INDUSTRY IS CONSIDERED IN ALL COMPENSATION DECISIONS. FORM 990, PART VI, SECTION C, LINE 19 ALTHOUGH THE UNIVERSITY DOES NOT MAKE ITS GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY AVAILABLE TO THE PUBLIC, THE DOCUMENTS ARE AVAILABLE UPON REQUEST. THE CONFLICT OF INTEREST POLICY IS INCLUDED IN THE UNIVERSITY'S GENERAL INSTITUTIONAL EMPLOYMENT POLICIES/EMPLOYEE BENEFITS POLICY MANUAL. AS A REQUIREMENT OF ITS PUBLIC DEBT RATING, THE UNIVERSITY'S AUDITED FINANCIAL STATEMENTS ARE POSTED ANNUALLY TO THE ELECTRONIC MUNICIPAL MARKET ACCESS ("EMMA") SITE OF THE MUNICIPAL SECURITIES RULEMAKING BOARD ("MSRB") AT EMMA.MSRB.ORG. FORM 990, PART XI, LINE 9: CHANGE IN SPLIT-INTEREST AGREEMENTS -471,067. MINIMUM PENSION LIABILTY ADJUSTMENT -138,806. CONTRIBUTION NOT RECORDED IN FINANCIAL STATEMENTS -315,117. CONFERENCE FOR MERCY HIGHER EDUCATION 8380 COLESVILLE ROAD STE 300 SILVER SPRING MD 20910 SUPPORT OF CATHOLIC HIGHER ED MD 501(C)(3) LINE 1 N/A 0 PERPETUAL TRUST (1) INVESTMENTS PA PNC BANK T 0 PERPETUAL TRUST (1) INVESTMENTS PA BNY MELLON WEALTH MGT T 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0