2017-04-13T14:15:21-05:00 2016-05-31 KPMG LLP 1676 INTERNATIONAL DRIVE McLean VA 22102 990 2015-06-01 231352654 LA SALLE UNIVERSITY % STEPHANIE PRICKEN LASA 2159511000 1900 WEST OLNEY AVENUE PHILADELPHIA PA 19141 STEPHANIE PRICKEN VP Finance & Admin 2159511000 2017-04-12 true MARGARET A BRADSHAW P00501222 7032868000 2017-04-12 2015 2021-01-29 14:40:06Z COLLEEN M HANYCZ PHD 1900 WEST OLNEY AVE PHILADELPHIA PA 19141 218343127 false X WWW.LASALLE.EDU X 1863 PA WE ARE A ROMAN CATHOLIC UNIVERSITY COMMITTED TO PROVIDING A LIBERAL EDUCATION IN GENERAL AND SPECIALIZED STUDIES. 33 31 2427 31 28917 -12231 10534183 10933312 187892515 175846964 8505081 5613284 4186004 4821852 211117783 197215412 75310553 73369442 0 0 82138199 76997385 0 0 1809405 46240527 42400465 203689279 192767292 7428504 4448120 310782614 303431603 190773124 187400123 120009490 116031480 X SEE SCHEDULE O false false 73369442 73369442 STUDENT FINANCIAL ASSISTANCE: THE UNIVERSITY PROVIDED AWARDS TO FULL-TIME AND PART-TIME STUDENTS. 45652049 156750302 INSTRUCTION - THE UNIVERSITY PROVIDED EDUCATION TO 3,175 AND 2,996 FULL-TIME, UNDERGRADUATE DAY STUDENTS IN THE FALL OF 2015 AND SPRING OF 2016 SEMESTERS. SUMMER PART-TIME, GRADUATE, EVENING AND DOCTORATE PROGRAMS PROVIDED 41,931 CREDIT HOURS 10199857 15970880 AUXILIARY ENTERPRISES - THE UNIVERSITY PROVIDED BOOKSTORE, HOUSING AND DINING SERVICES AT ANNUAL COSTS OF ROOM - 7,240 AND OF BOARD- 6,020. THE UNIVERSITY PROVIDED ROOMS TO 1,785 AND 1,693 STUDENTS AND MEALS TO 2,063 AND 1,942 IN THE FALL 2015 AND SPRING 2016 SEMESTERS. 39614428 3125783 Student Services 39614428 3125783 168835776 true true false false false false false true false true true false false false true true true false true false true false false false true false false false true true true false false false false false false false false false true true true false false false true true false false false true 243 0 true 2427 true true true false false false false true true false false false false X 33 31 false false false false false false false true true false false true true true true true true true true false PA X STEPHANIE PRICKEN 2159511858 1900 WEST OLNEY AVE PHILADELPHIA PA 19141 X BERNADETTE M MANGAN INDIVIDUAL TRUSTEE 1.0 0.0 X 0 0 0 WILLIAM W MATTHEWS III ESQ INDIVIDUAL TRUSTEE 1.0 0.0 X 0 0 0 RALPH J MAURO ESQ INDIVIDUAL TRUSTEE 1.0 0.0 X 0 0 0 KEVIN F O'DONNELL INDIVIDUAL TRUSTEE 1.0 0.0 X 0 0 0 JAMES V MORRIS INDIVIDUAL TRUSTEE 1.0 0.0 X 0 0 0 BRENNAN PATRICK O'DONNELLPHD INDIVIDUAL TRUSTEE 1.0 0.0 X 0 0 0 FRANK C PALOPOLI INDIVIDUAL TRUSTEE 1.0 0.0 X 0 0 0 JAMES J SMART CPA INDIVIDUAL TRUSTEE 1.0 0.0 X 0 0 0 JUDITH A SPIRES INDIVIDUAL TRUSTEE 1.0 0.0 X 0 0 0 GREGORY J WEBSTER INDIVIDUAL TRUSTEE 1.0 0.0 X 0 0 0 DIEGO F CALDERIN INDIVIDUAL TRUSTEE 1.0 0.0 X 0 0 0 SUSAN ALTAMORE CARUSI ESQ INDIVIDUAL TRUSTEE 1.0 0.0 X 0 0 0 EDWARD J FIERKO INDIVIDUAL TRUSTEE 1.0 0.0 X 0 0 0 DANIEL K FITZPATRICK INDIVIDUAL TRUSTEE 1.0 0.0 X 0 0 0 JAMES GAFFNEY FSC DMIN INDIVIDUAL TRUSTEE 1.0 0.0 X 0 0 0 ELMER F HANSEN III INDIVIDUAL TRUSTEE 1.0 0.0 X 0 0 0 BRIAN HENDERSON FSC INDIVIDUAL TRUSTEE 1.0 0.0 X 0 0 0 WILLIAM E KELLY JR ESQ INDIVIDUAL TRUSTEE 1.0 0.0 X 0 0 0 THOMAS A LEONARD CPA INDIVIDUAL TRUSTEE 1.0 0.0 X 0 0 0 DENNIS MALLOY FSC INDIVIDUAL TRUSTEE 1.0 0.0 X 0 0 0 FRANK G BYRNE FSC INDIVIDUAL TRUSTEE 1.0 0.0 X 0 0 0 STEPHEN T ZARRILLI INDIVIDUAL TRUSTEE, CHAIRMAN 1.0 0.0 X X 0 0 0 MARGARET A KANE INDIVIDUAL TRUSTEE 1.0 0.0 X 0 0 0 WILLIAM R SASSO ESQ INDIVIDUAL TRUSTEE 1.0 0.0 X 0 0 0 REGINALD M BROWNE INDIVIDUAL TRUSTEE 1.0 0.0 X 0 0 0 JAMES L BUTLER FSC INDIVIDUAL TRUSTEE 1.0 0.0 X 0 0 0 HANNAH C DATZ INDIVIDUAL TRUSTEE 1.0 0.0 X 0 0 0 STEPHEN K DEGNAN INDIVIDUAL TRUSTEE 1.0 0.0 X 0 0 0 PHILIP WJ FISHER INDIVIDUAL TRUSTEE 1.0 0.0 X 0 0 0 JOHN S GRADY JR INDIVIDUAL TRUSTEE 1.0 0.0 X 0 0 0 ROBERT W LIPTAK INDIVIDUAL TRUSTEE 1.0 0.0 X 0 0 0 JOHN SHANNON INDIVIDUAL TRUSTEE 1.0 0.0 X 0 0 0 COLLEEN HANYCZ PHD PRESIDENT 40.0 0.0 X X 186676 0 54635 JOSEPH A FRICK INDIVIDUAL TRUSTEE 1.0 0.0 X 0 0 0 JOHN M DALY MD INDIVIDUAL TRUSTEE 1.0 0.0 X 0 0 0 RICHARD KESTLER FSC INDIVIDUAL TRUSTEE 1.0 0.0 X 0 0 0 SUSAN M BARRETT INDIVIDUAL TRUSTEE 1.0 0.0 X 0 0 0 WILLIAM J MARKMANN MD INDIVIDUAL TRUSTEE 1.0 0.0 X 0 0 0 WILLIAM R SAUTTER CPA INDIVIDUAL TRUSTEE 1.0 0.0 X 0 0 0 AMY BOSIO VP, FINANCE & ADMIN 40.0 0.0 X 50533 0 2710 EDWARD J SHEEHY FSC PHD VICE PRESIDENT OF CORP 40.0 0.0 X 0 0 10607 BRIAN A GOLDSTEIN PHD VP, Academic Affairs 40.0 0.0 X 218779 0 25915 JOSEPH R MARBACH VP, Academic Affairs 40.0 0.0 X 156530 0 19484 JAMES E MOORE PHD VP, STUDENT AFFAIRS 40.0 0.0 X 207942 0 23000 CATHLEEN PARSONS-NIKOLIC VICE PRESIDENT, ADVANCEMENT 40.0 0.0 X 129710 0 4189 MAUREEN CULLEN VICE PRESIDENT, ADVANCEMENT 40.0 0.0 X 134486 0 851 GEORGE J WALTER VP, ENROLLMENT SERVICES 40.0 0.0 X 232604 0 20909 EDWARD A NICKERSON CHIEF INFORMATION OFFICER 40.0 0.0 X 186899 0 21725 JOHN GIANNINI PHD BASKETBALL COACH 40.0 0.0 X 727143 0 34659 GARY A GIAMARTINO PHD DEAN, SCHOOL OF BUSINESS 40.0 0.0 X 240995 0 20556 REBECCA L HORVATH AVP OF FINANCE & ADMIN 40.0 0.0 X 265281 0 19916 THOMAS M BRENNAN PHD ATHLETIC DIRECTOR 40.0 0.0 X 288413 0 15276 RICHARD NIGRO DIRECTOR, HONORS 40.0 0.0 X 235516 0 19470 JAMES P GALLAGHER PHD PRESIDENT, INTERIM 40.0 0.0 X 158621 0 12690 R BRIAN ELDERTON VICE PRESIDENT, ADVANCEMENT 40.0 0.0 X 219668 0 18744 MATTHEW S MCMANNESS VP, FINANCE & ADMIN 40.0 0.0 X 395396 0 15426 4035192 0 340762 133 true true false Daniel J Keating Company 134 N Narberth Ave NARBERTH PA 19072 Construction 18466274 Allied Barton Security Services 161 Washington St Suite 600 CONSHOHOCKEN PA 19428 Security 1218090 Montgomery McCracken Walker Rhoad 457 Haddonfield Ave Suite 600 CHERRY HILL NJ 08002 Legal 733644 CLS 123 LLC 1357 Broadway Suite 342 NEW YORK NY 10018 Continuing Education 607996 SIEMENS INDUSTRY INC PO BOX 2134 CAROL STREAM IL 60132 CONSTRUCTION 605178 50 180876 3298217 7454219 532898 10933312 TUITION & FEES 900099 156750302 156750302 RESIDENCE HALLS 900099 13945405 13945405 DINING SERVICES 900099 1905375 1905375 ACADEMIC RELATED REVENUES 900099 3125783 3125783 CAMPUS STORE 900099 120099 120099 175846964 1998464 517 1997947 0 0 1400944 985139 415805 0 415805 415805 23653099 20038279 3614820 3614820 20558 3594262 213184 180876 104297 108887 108887 0 0 ADMIN AND OTHER REVENUES 541800 4297160 7842 4289318 4297160 197215412 175846964 28917 10406219 0 0 73369442 73369442 0 0 0 0 4067783 1972127 1832479 263177 0 0 0 0 61030551 53249731 6773502 1007318 1215869 1004169 184467 27233 5768565 4764177 875185 129203 4914617 4058914 745627 110076 5305761 3237140 2007329 61292 881098 0 881098 0 173205 0 173205 0 0 0 0 0 0 0 378756 0 378756 0 0 2780099 1355889 1422905 1305 2999509 2311589 544467 143453 1685366 984575 700767 24 0 0 0 0 4326234 3644152 682082 2084485 1957123 101049 26313 0 0 0 0 295942 255499 35661 4782 6736569 5496375 1240194 0 0 0 0 6480219 5925185 555034 0 1606248 1404268 201980 0 REPAIR AND MAINTENANCE 1596513 1519201 77312 RENTAL 1237759 680279 548535 8945 BAD DEBT EXPENSE 970595 0 970595 0 BOOKS AND SUBSCRIPTIONS 801695 791929 8936 830 2060412 854012 1180946 25454 192767292 168835776 22122111 1809405 13657 27736 25307437 18851562 6324759 6598794 7710927 6196409 0 0 0 0 0 5262108 26397 0 1867464 1631827 298592414 130160008 150013747 168432406 80305056 75480361 15020186 13689129 5501944 0 0 0 18691040 7261271 310782614 303431603 14703013 16077721 0 0 5441363 2305549 132710000 135413067 0 0 0 0 0 0 8513632 13397967 29405116 20205819 190773124 187400123 X 71981843 68731455 23858654 20473501 24168993 26826524 120009490 116031480 310782614 303431603 4448120 -8426130 X false true X true true true X 9667704 15423674 11837176 10534183 10933312 58396049 0 0 9667704 15423674 11837176 10534183 10933312 58396049 0 58396049 2059837 2148573 2451826 3509916 3399408 13569560 0 4211365 4913555 5004414 3767709 4510344 22407387 94372996 0.61878 0.59090 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 112310 4335451 X X false 87982244 3049468 -2937491 967327 5492637 81634257 87350063 864311 3061318 975447 2318001 87982244 81486938 983642 8736290 893242 2963565 87350063 71684680 1046331 10461027 759419 945681 81486938 74226712 817865 -2090511 720721 548665 71684680 0.53000 0.47000 false false 19230670 19230670 237061799 107115872 129945927 11761782 9924317 1837465 24478100 8727370 15750730 6060063 4392449 1667614 168432406 0 OTHER LIABILITIES 12172064 ADV FED GOVT STUDENT LOAN 5910607 POSTRETIREMENT LIABILITY 2123148 20205819 X 116795010 -8426130 285734 -73369442 -81509838 198304848 -1089436 -1089436 197215412 120773020 285734 -73369442 -73083708 193856728 -1089436 -1089436 192767292 PART III LINE 4 ONE OF THE MUSEUM'S PRIMARY GOALS HAS BEEN TO DEVELOP A COMPREHENSIVE COLLECTION OF EUROPEAN AND AMERICAN ART FROM THE RENAISSANCE TO THE PRESENT, AND IT STRIVES TO DOCUMENT THIS HISTORY WITH EXAMPLES OF MOST OF THE MAJOR ART MOVEMENTS WITH A WIDE SELECTION OF SUBJECTS. OTHER HOLDINGS INCLUDE GROUPS OF RARE ILLUSTRATED BIBLES, JAPANESE PRINTS (19TH-20TH CENTURIES), INDIAN MINIATURES, AFRICAN CARVINGS AND IMPLEMENTS, PRE-COLUMBIAN POTTERY AND ANCIENT GREEK CERAMICS. THE UNIVERSITY IN 1976 BEGAN A DEGREE PROGRAM IN ART HISTORY AND SIMULTANEOUSLY BEGAN ACQUIRING ART. WHAT BEGAN AS A MODEST STUDY COLLECTION HAS BECOME THE LA SALLE ART MUSEUM, CONSIDERED ONE OF THE CITY'S GEMS. PART V LINE 4 THE UNIVERSITY'S ENDOWMENT CONSISTS OF APPROXIMATELY 139 INDIVIDUAL FUNDS ESTABLISHED FOR A VARIETY OF PURPOSES. THE UNIVERSITY HAS A POLICY OF APPROPRIATING FOR DISTRIBUTION EACH YEAR UP TO 5% OF ITS FUNDS BASED ON A TRAILING 12 QUARTER AVERAGE ENDOWMENT MARKET VALUE. THE UNIVERSITY, OVER THE LONG TERM, EXPECTS THE CURRENT SPENDING POLICY TO ALLOW ITS ENDOWMENT TO CONTINUE TO GROW. THIS IS CONSISTENT WITH THE UNIVERSITY'S OBJECTIVE TO MAINTAIN THE PURCHASING POWER OF ITS ENDOWMENT ASSETS HELD IN PERPETUITY OR FOR A SPECIFIED TERM AS WELL AS TO PROVIDE ADDITIONAL REAL GROWTH THROUGH NEW GIFTS AND INVESTMENT RETURN. PART X THE UNIVERSITY HAS BEEN GRANTED TAX-EXEMPT STATUS AS A NON-PROFIT ORGANIZATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. ACCORDINGLY, NO PROVISION FOR INCOME TAXES HAS BEEN MADE IN THE ACCOMPANYING FINANCIAL STATEMENTS. U.S. GENERALLY ACCEPTED ACCOUNTING PRINCIPLES REQUIRE MANAGEMENT TO EVALUATE THE TAX POSITIONS TAKEN BY THE UNIVERSITY AND RECOGNIZE A TAX LIABILITY OR ASSET IF THE UNIVERSITY HAS TAKEN AN UNCERTAIN TAX POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY THE RELEVANT TAXING AUTHORITY. MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY THE UNIVERSITY, AND HAS CONCLUDED THAT AS OF MAY 31, 2016, THERE ARE NO UNCERTAIN TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY OR ASSET OR DISCLOSURE IN THE FINANCIAL STATEMENTS. THE UNIVERSITY IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS. PART XI AND PART XII: LINE 2D AND 4D LINE 2D REFLECTS STUDENT FINANCIAL ASSISTANCE THAT LASALLE AWARDED IN THE 2015-16 FISCAL YEAR. THE REVENUE NUMBER IN LINE 1 OF THIS SECTION IS NET OF THIS NUMBER. LINE 4B REFLECTS RECLASSIFICATION OF THE FOLLOWING EXPENSE; RENTAL - $985,139 AND FUNDRAISING EVENT EXPENSES - $ 104,297. true true true true true true true false false false false false false false false true false true SCHEDULE E, LINE 3 LA SALLE UNIVERSITY INCLUDES THIS POLICY IN ALL DOCUMENTS, INCLUDING RESEARCH MATERIALS AND ITS WEBSITE. SCHEDULE E - EXPLANATION FOR LINE 6A LA SALLE UNIVERSITY RECEIVES FINANCIAL AID/ASSISTANCE FROM VARIOUS FEDERAL (U.S. DEPARTMENT OF EDUCATION) AND STATE (COMMONWEALTH OF PENNSYLVANIA) GOVERNMENTAL AGENCIES INCLUDING: PERKINS STUDENT LOAN PROGRAM, COLLEGE WORK STUDY PROGRAMS, AND THE PELL GRANT PROGRAM Central America and the Caribbean Investments 7374177 Europe (Including Iceland and Greenland) Program Services TUITION, ROOM & BOARD 190759 East Asia and the Pacific Program Services TUITION, ROOM & BOARD 159077 Central America and the Caribbean Program Services TUITION, ROOM & BOARD 12930 7736943 7736943 false false true true false false PART I, LINE 1 THE OFFICE OF ENROLLMENT SERVICES ASSISTS STUDENTS AND THEIR FAMILIES IN FINANCING THEIR LA SALLE EDUCATION THROUGH SCHOLARSHIPS, GRANTS, LOANS AND/OR ONE OF THE UNIVERSITY'S WORK PROGRAMS. AS IT PERTAINS TO THOSE STUDENTS WHO CHOOSE TO STUDY ABROAD, THEIR GRANTS ARE NOT TAKEN OUTSIDE THE US BUT APPLIED TO THEIR TOTAL LA SALLE BILL. THIS INCLUDES CHRISTIAN BROTHERS SCHOLARSHIP, FEDERAL SEOG GRANT AND ANY ENDOWED SCHOLARSHIP THAT IS AWARDED THROUGH STUDENT ENROLLMENT SERVICES. THESE ARE THE ONLY LA SALLE FUNDS THAT MAY BE AWARDED FOR STUDY ABROAD TUITION. AT THE END OF THE STUDENT'S STUDY ABROAD EXPERIENCE, THE OFFICE OF STUDENT ENROLLMENT SERVICES WILL MONITOR THE STUDENTS GRADES TO ENSURE THAT THEY DID ATTEND THE STUDY ABROAD INSTITUTION. BECAUSE GRANTS ARE NOT TAKEN OUTSIDE THE US BUT INSTEAD APPLIED TO THE STUDENT'S LA SALLE BILL, ALL GRANTS ARE SHOWN ON SCHEDULE I. PA CHARTER DINNER 112735 87385 25350 3900 2991 PRES CUP 281325 93491 187834 4157 93249 0 394060 180876 213184 8057 96240 104297 108887 true MERIT SCHOLARSHIP & NEED-BASED 3361 69366951 FEDERAL WORK STUDY 386 128303 DISCRETIONARY AND OTHER AID 898 3394643 PART IV AS OUTLINED IN SCHEDULE I, PART III, LA SALLE UNIVERSITY MAINTAINS RECORDs TO QUANTIFY THE DOLLAR AMOUNT OF THE STUDENT FINANCIAL ASSISTANCE AWARDED, THE NUMBER OF RECIPIENTS PER GRANT/SCHOLARSHIP, AND THE SELECTION CRITERIA. X false true X X X true false false false false false false false false COLLEEN HANYCZ PHD PRESIDENT 181256 0 0 0 5420 3486 0 51149 0 241311 0 0 JAMES P GALLAGHER PHD PRESIDENT, INTERIM 158621 0 0 0 0 12690 0 0 0 171311 0 0 MATTHEW S MCMANNESS VP, FINANCE & ADMIN 193555 0 0 0 201841 8769 0 6657 0 410822 0 0 BRIAN A GOLDSTEIN PHD VP, Academic Affairs 218779 0 0 0 0 12497 0 13418 0 244694 0 0 JOSEPH R MARBACH VP, Academic Affairs 156530 0 0 0 0 0 12135 0 7349 0 176014 0 0 0 JAMES E MOORE PHD VP, STUDENT AFFAIRS 200692 0 0 0 7250 11834 0 11166 0 230942 0 0 R BRIAN ELDERTON VICE PRESIDENT, ADVANCEMENT 120796 0 0 0 98872 10940 0 7804 0 238412 0 0 GEORGE J WALTER VP, ENROLLMENT SERVICES 232604 0 0 0 0 14265 0 6644 0 253513 0 0 JOHN GIANNINI PHD BASKETBALL COACH 719893 0 0 0 7250 21200 0 13459 0 761802 0 0 GARY A GIAMARTINO PHD DEAN, SCHOOL OF BUSINESS 240995 0 0 0 0 14755 0 5801 0 261551 0 0 REBECCA L HORVATH AVP OF FINANCE & ADMIN 218063 0 0 0 47218 13868 0 6048 0 285197 0 0 THOMAS M BRENNAN PHD ATHLETIC DIRECTOR 281163 0 0 0 7250 15276 0 0 0 303689 0 0 EDWARD A NICKERSON CHIEF INFORMATION OFFICER 132453 0 0 0 54446 10317 0 11408 0 208624 0 0 RICHARD NIGRO DIRECTOR, HONORS 225766 0 0 0 9750 13639 0 5831 0 254986 0 0 SCHEDULE J, PART I, LINE 1A and 1B HOUSING IS PROVIDED TO LA SALLE UNIVERSITY'S PRESIDENT, COLLEEN HANYCZ, PHD in the amount of $44,921 AND IS NOT TREATED AS TAXABLE COMPENSATION. While the University does not have a written housing policy, the University maintains a residence for the President. The lodging is a condition of employment furnished for the convenience of the University. The University's President performs a significant portion of her duties on University business at the residence. Lodging is included in the President's employment contract. SCHEDULE J, PART I, LINE 4A THE FOLLOWING OFFICERS AND KEY EMPLOYEES RECEIVED SEVERANCE, AS A RESULT OF THEIR TERMINATION, WHICH WAS INCLUDED IN THEIR TAXABLE COMPENSATION. - REBECCA HORVATH - $47,218 - MATTHEW S. MCMANNESS - $201,841 - R. BRIAN ELDERTON - $98,872 - EDWARD A. NICKERSON - $54,446 A PA HIGHER ED FACILITIES AUTHORITY 2012 232243852 70917XXXX 2012-09-12 94975000 CONSTRUCTION/REFUND PRIOR ISUUE false false false B PA HIGHER ED FACILITIES AUTHORITY 2007A 232243852 70917RNN1 2007-10-01 52875000 CONSTRUCTION/REFUND PRIOR ISSUE false false false A 0 0 110269657 0 2165720 0 1270025 0 0 632374 20894504 15 true true true true B 0 0 53918728 4034988 0 35931466 614479 0 0 13129261 0 0 2009 true false true true A false false false false 0 false false false true B false true false false 0.00500 0.00500 false false false true A false true false false 0 false false false 0 false true B true false false 0 false false false 0 false true A true B true 0 SMART DEVINE LLC SEE PART V 104975 SEE PART V false Elliot-Lewis Corporation See Part V 230762 See Part V false FORM 990,PART IV, LINE 28 C AND SCHEDULE L, PART IV SMART DEVINE LLC - ENTITY OVER 35% CONTROLLED BY JAMES SMART. JAMES SMART HAS ACKNOWLEDGED THROUGH SIGNING A POTENTIAL CONFLICT OF INTEREST DISCLOSURE, THAT HE HAS A DIRECT BUSINESS RELATIONSHIP WITH THE UNIVERSITY, OTHER THAN HIS ROLE AS TRUSTEE. SMART DEVINE LLC PROVIDES LIMITED ACCOUNTING SUPPORT ON A LIMITED PROJECT BASIS FOR LA SALLE UNIVERSITY, AS APPROVED BY THE BOARD OF TRUSTEES. William Sautter, Board of Trustee Member, has acknowledged through signing a potential conflict of interest disclosure, that he has a direct business relationship with the University through his 35% controlled company Elliot-Lewis Corporation. Elliot-Lewis Corporation performs mechanical maintenance, repair and installation services for La Salle University. X 33 112310 INV/3RD PARTY FMV X 51 420588 FMV 24 false true false FORM 990, PART III, LINE 1 - ORGANIZATION'S MISSION LA SALLE UNIVERSITY, DEDICATED IN THE TRADITIONS OF THE CHRISTIAN BROTHERS TO EXCELLENCE IN TEACHING AND TO CONCERN FOR BOTH ULTIMATE VALUES AND FOR THE INDIVIDUAL VALUES OF ITS STUDENTS, IS A PRIVATE ROMAN CATHOLIC UNIVERSITY COMMITTED TO PROVIDING A LIBERAL EDUCATION OF BOTH GENERAL AND SPECIALIZED STUDIES. LA SALLE STRIVES TO OFFER, THROUGH EFFECTIVE TEACHING, A QUALITY EDUCATION FOUNDED ON THE IDEA THAT ONE'S INTELLECTUAL AND SPIRITUAL DEVELOPMENT GO HAND IN HAND, COMPLIMENTING AND FULFILLING EACH OTHER. THE UNIVERSITY HAS, AS ITS BASIC PURPOSE, THE FREE SEARCH FOR TRUTH BY TEACHING ITS STUDENTS THE BASIC SKILLS, KNOWLEDGE, AND VALUES THAT THEY WILL NEED FOR A LIFE OF HUMAN DIGNITY. FORM 990, PART III, LINE 4D OTHER PROGRAM SERVICE ACCOMPLISHMENTS STUDENTS SERVICES: THE UNIVERSITY PROVIDED COUNSELING, INTER-COLLEGIATE ATHLETICS, HEALTH ADVISING, STUDENT GOVERNING AND OTHER STUDENT LIFE SERVICES FOR ALL STUDENTS. FORM 990, PART VI, LINE 11B PROCESS FOR REVIEWING RETURN THE PROCESS OF REVIEWING LA SALLE UNIVERSITY'S 990 RETURN INTERNALLY IS THOROUGH AND COMPLETE. THE FIRST STEP IN THE PROCESS REQUIRES THE FINANCIAL AUDIT TO BE SUBSTANTIALLY COMPLETE, AND THEN THE APPROPRIATE PERSONS AT THE UNIVERSITY ARE CONTACTED SO THEY MAY BEGIN PREPARING THEIR RESPECTIVE SECTIONS OF THE 990. THE DATA IS THEN GATHERED AND ENTERED INTO THE 990 AND SUPPORTING SCHEDULES. UPON COMPLETION OF THE 990, BY THE DIRECTOR OF FINANCE AND ACCOUNTING, THE 990 ALONG WITH ALL SUPPORTING SCHEDULES ARE SENT TO THE INDEPENDENT ACCOUNTANTS. ONCE REVIEWED BY THE INDEPENDENT ACCOUNTANTS, AND ANY QUESTIONS ANSWERED OR SUPPORT PROVIDED, IT IS SENT BACK TO THE UNIVERSITY FOR FINAL REVIEW AND PRESENTATION TO THE UNIVERSITY'S FINANCE AND AUDIT COMMITTEE. LASTLY, THE FINAL VERSION WILL BE SENT TO THE VICE-PRESIDENT FOR FINANCE AND ADMINISTRATION FOR APPROVAL AND SIGNATURE. FORM 990, PART VI, LINE 12C CONFLICT OF INTEREST THE UNIVERSITY CONSISTENTLY MONITORS AND ENFORCES COMPLIANCE WITH ITS WRITTEN CONFLICT OF INTEREST POLICY. THE UNIVERSITY REQUIRES THAT ALL BOARD MEMBERS ANNUALLY SIGN A CONFLICT-OF-INTEREST STATEMENT. THIS STATEMENT PLACES THE RESPONSIBILITY OF EXPECTATION ON EACH MEMBER THAT HE/SHE MUST ALWAYS ACT IN THE BEST INTERESTS OF THE UNIVERSITY AND REFRAIN FROM ACTIONS THAT WOULD BE TO THE SOLE BENEFIT OF THE MEMBER AT THE EXPENSE OF LA SALLE UNIVERSITY. REGARDING THE UNIVERSITY'S STAFF AND EMPLOYEES, THERE IS ON-GOING TRAINING CONDUCTED BY VARIOUS DEPARTMENTS. THE INTENT OF THIS TRAINING IS TO HAVE EMPLOYEES UNDERSTAND AND EMBRACE THE "LA SALLIAN" VIRTUES AND CODES OF CONDUCT FOR ALL EMPLOYEES. THE CONFLICT OF INTEREST POLICY APPLIES TO MEMBERS OF THE BOARD OF TRUSTEES, OFFICERS, KEY EMPLOYEES, AND STAFF OF THE UNIVERSITY. IT IS ALSO INTENDED TO SERVE AS A GUIDE FOR ALL EMPLOYEES OF LA SALLE. DISCLOSURES BY BOARD MEMBERS ARE DIRECTED TO THE BOARD CHAIR INCLUDING ANY DISCLOSURES BY THE PRESIDENT. ALL OTHER EMPLOYEES ARE TO DISCLOSE ANY CONFLICTS OR POTENTIAL CONFLICTS TO THE OFFICER OF THEIR RESPECTIVE DIVISION. ANY SUCH DISCLOSURE SHOULD THEN BE FORWARDED TO HUMAN RESOURCES FOR INCLUSION IN THE EMPLOYEE'S PERSONNEL FILE. ANY PERSON UNSURE OF A CONFLICT MAY REQUEST AN OFFICER TO WEIGH IN ON THE MATTER TO ASCERTAIN WHETHER OR NOT A CONFLICT EXISTS. FORM 990, PART VI, LINES 15A AND 15B PROCESS FOR DETERMINING COMPENSATION THERE IS A COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES WHICH REVIEWS THE COMPENSATION OF THE PRESIDENT AND CERTAIN SENIOR UNIVERSITY EXECUTIVES. BEGINNING IN 2009, THE BOARD ENGAGED AN OUTSIDE CONSULTANT, YAFFE & COMPANY, INC. TO ADVISE ON EXECUTIVE COMPENSATION GOING FORWARD. THIS FIRM HAS BEEN A SPECIALIST IN REVIEWING NON-PROFIT EXECUTIVE COMPENSATION SINCE 1976. THE PROCESS UTILIZES CUSTOMIZED REGIONAL AND NATIONAL SALARY SURVEY DATA, COMPLIES WITH ALL IRS AND OTHER REQUIREMENTS FOR INDEPENDENCE, ACCOUNTABILITY, DISCLOSURE, AND DOCUMENTATION. CONSEQUENTLY, OUR EXECUTIVES ARE COMPENSATED COMPETITIVELY AND OUR TRUSTEES ARE SECURE IN KNOWING THAT ALL REGULATORY REQUIREMENTS HAVE BEEN MET. YAFFE WILL THEN PRESENT ITS FINDINGS AND RECOMMENDATIONS BACK TO THE LA SALLE COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES. AT THIS POINT, THERE WOULD BE DELIBERATION ON ANY RECOMMENDATIONS AND THE BOARD WILL ALSO TAKE INTO ACCOUNT ANY OTHER RELEVANT INFORMATION AND FACTORS IN DETERMINING THE REASONABLENESS OF EXECUTIVE COMPENSATION. FORM 990, PART VI, LINE 19 PUBLICLY AVAILABLE DOCUMENTS LA SALLE UNIVERSITY'S AUDITED FINANCIAL STATEMENTS AND IRS FORM 990 ARE MADE AVAILABLE UPON REQUEST. COIN CRI CLUB 20TH AND OLNEY AVENUE PHILADELPHIA PA 19141 232075569 HOLDS LICENSE PA 501(C)(3) 11C NA true EMMET CORPORATION 1900 WEST OLNEY AVENUE PHILADELPHIA PA 19140 463317692 CHARITABLE PA 501(C)(3) 7 la salle true LA SALLE UNIVERSITY - PIF (2) 1900 W OLNEY AVENUE PHILADELPHIA PA 19141 236835551 PIF PA NA Trust false false false false false false false false false false false false false false false false false false