2017-05-11T09:01:32-05:00 2016-06-30 390859910 Baker Tilly Virchow Krause LLP 777 E Wisconsin Avenue 32nd Floor Milwaukee WI 53202 990 2015-07-01 231353385 Susquehanna University SUSQ 5703724128 514 University Avenue Selinsgrove PA 178701164 Michael A Coyne VP for Fin. & Admin. 5703724128 2017-03-23 1 Troy Marine CPA P00187863 4147775500 2017-03-23 2015 2021-01-29 14:40:06Z L Jay Lemons 514 University Avenue Selinsgrove PA 178701164 123448198 0 X www.susqu.edu X 1859 PA Susquehanna University educates students for productive, creative and reflective lives of achievement, leadership, and service in a diverse, dynamic and interdependent world. 36 32 2014 834 106470 -19993 11698877 7895041 106976037 115388173 54213 58514 107865 106470 118836992 123448198 43633186 50437936 0 0 37364988 38803312 92651 105404 2876462 36745370 37869345 117836195 127215997 1000797 -3767799 338548593 332652546 76040314 76440277 262508279 256212269 SUSQUEHANNA UNIVERSITY EDUCATES STUDENTS FOR PRODUCTIVE, CREATIVE AND REFLECTIVE LIVES OF ACHIEVEMENT, LEADERSHIP, AND SERVICE IN A DIVERSE, DYNAMIC AND INTERDEPENDENT WORLD. 0 0 117464149 50437936 115388173 Susquehanna University is a national liberal arts college currently enrolling approximately 2,200 full-time students. Founded in 1858, the University grants Bachelor of Arts, Bachelor of Music, and Bachelor of Science degrees. The University's mission is to educate undergraduate students for productive, creative, and reflective lives of achievement, leadership, and service in a diverse and interconnected world. The University accomplishes this mission by offering students a strong liberal arts and sciences programs, enhanced by equally strong professional programs. 117464149 1 1 0 0 0 0 0 1 0 1 1 1 0 0 1 1 1 0 1 0 1 1 0 1 0 0 0 1 1 1 1 0 0 0 0 0 0 1 1 1 1 1 1 0 0 0 1 0 0 0 1 237 0 1 2014 1 1 1 0 0 0 0 0 0 0 0 0 X 36 32 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CO MD MA NH NY OH PA MI MN WA X X Michael A Coyne 5703724128 514 University Ave Selinsgrove PA 178701164 Alan Bennett Trustee 1.00 X X 0 0 0 Barry Jackson trustee 1.00 X 0 0 0 Bonnie Bucks Reece trustee 1.00 X 0 0 0 Bruce Ficken trustee 1.00 X 0 0 0 Coleen Zoller Trustee & Professor of Philosophy 1.00 X 71640 0 11587 Dawn Mueller trustee 1.00 X X 0 0 0 Douglas Kniss Trustee 1.00 X 0 0 0 Edward Schmidt trustee 1.00 X 0 0 0 Frank Leber trustee 1.00 X 0 0 0 Frank Trembulak trustee 1.00 X X 0 0 0 George Liberopoulos trustee 1.00 X 0 0 0 Harold O'Connor trustee 1.00 X 0 0 0 Jack Ohle Trustee 1.00 X 0 0 0 James Stowe Trustee 1.00 X 0 0 0 James Summers trustee 1.00 X 0 0 0 Jeffrey Roush trustee 1.00 X 0 0 0 John Carpenter trustee 1.00 X X 0 0 0 John Strangfeld trustee 1.00 X X 0 0 0 Joseph Palchak trustee 1.00 X 0 0 0 Kathi Flack trustee 1.00 X 0 0 0 Kelly Jockwer Trustee 1.00 X 0 0 0 Lisa Ryan Burke Trustee 1.00 X 0 0 0 Lois Martin Trustee 1.00 X 0 0 0 Martin Ortenzio trustee 1.00 X 0 0 0 Martin Pinter trustee 1.00 X 0 0 0 Mary Cianni Trustee 1.00 X 0 0 0 Matthew Rousu Trustee & Professor of Economics 1.00 X 143998 0 19704 Miles Collins trustee 1.00 X 0 0 0 Peter Nunn Trustee 1.00 X X 0 0 0 Robert Buckfelder Trustee 1.00 X 0 0 0 Robert Gronlund Trustee 1.00 X 0 0 0 Salvatore Fazzolari Trustee 1.00 X 0 0 0 Sandra Rocks Trustee 1.00 X 0 0 0 Seward Prosser Mellon Trustee 1.00 X 0 0 0 Shawn Berkebile Trustee 1.00 X 0 0 0 Sidney Apfelbaum Trustee 1.00 X 0 0 0 Signe Gates Trustee 1.00 X X 0 0 0 Larry Jay Lemons President 55.00 X 777566 0 99700 Linda McMillin Provost & Dean of Faculty / Co-COO 55.00 X 236597 0 46108 Michael Coyne VP for Finance & Admin/Co-COO 55.00 0.10 X 376287 0 46626 Madeleine Rhyneer VP for Enrollment and Marketing 55.00 X 206766 0 36248 Marsha Kelliher Dean School of Business & Assoc Professor of Mgmt 55.00 X 194923 0 20734 Philip Winger VP Chief of Staff 55.00 X 155103 0 26536 Ronald Cohen VP University Relations 55.00 0.10 X 183655 0 26061 Valerie Martin Assoc Provost & Dean of A&S 55.00 X 171958 0 23794 Carl Moses Former Provost & Professor of EES 40.00 X 142586 0 23347 Lisa Scott VP for Stdnt Engagement & Success 55.00 X 159803 0 17899 Alicia Jackson Former Dean School of Bus/Assoc Prof 40.00 X 80692 0 10181 2901574 0 408525 32 1 1 0 Buddy L Dorman Jr PO Box 237 Hummels Wharf PA 17831 Cleaning Services 391188 Global Data Consultants LLC 1144 Kennebec Rd Chambersburg PA 17201 IT Services 292410 Saul Ewing LLP Centre Square W 1500 Market St Philadelphia PA 191022186 Legal Services 170945 White Deer Painting PO Box 8 White Deer PA 17887 Painting Services 124637 4 1169908 6725133 2310112 7895041 Tuition, Room & Board 900099 113357079 113357079 Related Programming 812900 2031094 2031094 115388173 58514 58514 Other 812900 106470 106470 106470 123448198 115388173 106470 58514 201558 201558 50227936 50227936 8442 8442 1305016 282882 1022134 28441502 24982077 1896558 1562867 1962014 1693196 140996 127822 5114467 4706537 183420 224510 1980313 1692445 181853 106015 306082 306082 90882 90882 105404 105404 330000 330000 2866582 2435338 352241 79003 2804001 2189294 446087 168620 1113501 24670 1083958 4873 3019256 2996856 17474 4926 2445026 2179090 131089 134847 1415733 1045238 275487 95008 2561502 2561502 10082772 10082772 207477 207477 Food Services 4395732 4395732 0 0 Off Campus Study 1321601 1321601 0 0 Equipment/R&M 1058763 965100 84165 9498 Library Materials 423641 423641 0 0 3426794 2651278 522447 253069 127215997 117464149 6875386 2876462 5882 5902 6300134 6143222 7554757 5980934 1638731 1511341 5369 8141 278063 272813 1557528 1125258 265185651 122937898 145921990 142247753 136703722 141141578 32131987 26541827 2574213 2407143 3876217 5266634 338548593 332652546 4750204 5929744 2439971 2313978 61953754 60676462 6896385 7520093 76040314 76440277 X 136403789 134448597 46852012 38832904 79252478 82930768 262508279 256212269 338548593 332652546 X -3767799 -8353227 330000 5495016 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1110312 X X X X 0 148746477 3595770 -3232220 2408796 3466664 143234567 151751947 2326390 -121026 2107224 3103610 148746477 133704567 2869235 19861828 1863316 2820367 151751947 121175702 1286200 15471632 1496174 2732793 133704567 117423088 7716481 304960 1441741 2827086 121175702 0.18000 0.82000 0.00000 1 0 5645263 5645263 201880508 89061131 112819377 36829887 24459601 12370286 20829993 9417166 11412827 142247753 Real Estate 12243348 F Funds Held in Trust by Others 4492601 F HEDGE FUNDS 9597065 F Private Equity 208813 F 26541827 Annuities Payable 2256023 Funds Held in Custody for Others 941073 Other 1733447 US Government Advances Refundable 2387550 FIN47 202000 7520093 X 120589987 -8353227 5495016 -2858211 123448198 0 123448198 126885997 0 126885997 330000 330000 127215997 Part X, Line 2: The University follows the accounting standards for contingencies in evaluating uncertain tax positions. This guidance prescribes recognition threshold principles for the financial statement recognition of tax positions taken or expected to be taken on a tax return that are not certain to be realized. No liability has been recognized by the University for uncertain tax positions as of June 30, 2016 and 2015. The University's tax returns are subject to review and examination by federal and state authorities. The tax returns for the current year as well as fiscal years 2013 and thereafter are open to examination by federal and state authorities. Part XI, Line 2d - Other Adjustments: Endowment Income 5,953,834. Change in Split Interest Agreements -41,994. Other nonoperating activities -416,824. Part III, Line 4: The majority of the University's art collection is 1,600 French posters and 1,538 prints. The French posters are researched and exhibited by French students and faculty members. They are archived in a vault for preservation. Part V, Line 4: Su's Endowment supports the following areas: Academic & Student Support (39%), Scholarships (43%), Other operations & facilities (18%). 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 draws a substantial percentage of its students nationwide and includes a racially nondiscriminatory policy as to students in all its brochures and catalogues dealing with student admissions, programs, and scholarships. Schedule E, Part I, Line 6 Susquehanna University receives the following types of governmental aid: Pell grants, SEOG grants, Work Study grants, and PHEAA state grants. 1 Europe 0 0 Program services Study Abroad Program 1417691 East Asia and the Pacific 0 0 PROGRAM SERVICES STUDY ABROAD PROGRAM 381152 Sub-Saharan Africa 0 0 Program Services Study Abroad Program 197759 South America 0 0 Program Services Study Abroad Program 14475 NORTH AMERICA 0 0 Program Services Study Abroad Program 75418 Central America 0 0 Program Services Study Abroad Program 13975 Middle East and N. Africa 0 0 Program Services Study Abroad Program 84443 Central America 0 0 Investments 9805896 South Asia 0 0 Program Services Study Abroad Program 79594 0 0 0 0 0 0 11990809 79594 12070403 East Asia Poverty Relief 8442 Wire Transfer 100 Used Clothing FMV 1 0 0 0 1 0 Schedule F, Part I, Line 1: Grants and other assistance to organizations outside the U.S. is related to service-learning courses and a mission trip. Participants travel to the Philippines for two weeks in the Spring which leads to two semester hours of academic credit. The trip includes distribution of food, school supplies and other necessities and also helping to build homes. X X X X X X 1 John Grossnickle and Associates Inc 29 South park Blvd Greenwood IN 46143 Consulting 0 0 105404 0 105404 AL AK AZ AR CA CO CT DE FL GA HI ID IL IN IA KS KY LA ME MD MA MI MN MS MO MT NE NV NH NJ NM NY NC ND OH OK OR PA RI SC SD TN TX UT VT VA WA WV WI WY 1 Selinsgrove Borough One N High St Selinsgrove PA 17870 236002939 local gov't 107558 General Support Dauntless Hose Company 713 Bridge St selinsgrove PA 17870 230510390 501(c)(3) 8000 General Support Selinsgrove Area School District 401 18th St Selinsgrove PA 17870 231727728 Local gov't 46000 General Support Rural Business Innovation Corp 240 Market St Bloomsburg PA 17815 232721618 501(c)(3) 15000 General Support Snyder County Coalition for Kids PO Box 103 Selinsgrove PA 17870 463844013 501(c)(3) 25000 General Support 5 0 Scholarships and Financial Aid 2160 0 50227936 FMV Credit on Student Accounts Schedule I, Part I, Line 1: Students may be awarded grant funds on the basis of academic achievement and/or financial need. In each case the student can retain eligibility for funding for as many as eight semesters as a full-time student, provided the student meets the renewal criteria such as grade point average and grade procession as outlined in the university catalogue. Individual award amounts are based upon the students' cost to attend the University in a given academic year. Factors included in the calculated cost include tuition, fees, room, board, and estimates for the costs of books and personal expenses during the nine month academic year. An individual student may not receive more than the cost of tuition from the institutional grant funds. X X X X X X X 1 1 X X X X X 0 0 0 0 0 0 0 0 0 Matthew Rousu Trustee & Professor of Economics 128345 0 3141 0 12512 0 8551 0 11153 0 163702 0 0 0 Larry Jay Lemons President 340376 0 78262 0 358928 0 41850 0 57850 0 877266 0 0 0 Linda McMillin Provost & Dean of Faculty / Co-COO 196185 0 15044 0 25368 0 36900 0 9208 0 282705 0 0 0 Michael Coyne VP for Finance & Admin/Co-COO 188714 0 31984 0 155589 0 35935 0 10691 0 422913 0 0 0 Madeleine Rhyneer VP for Enrollment and Marketing 175392 0 14013 0 17361 0 27100 0 9148 0 243014 0 0 0 Marsha Kelliher Dean School of Business & Assoc Prof 166923 0 17865 0 10135 0 16200 0 4534 0 215657 0 0 0 Philip Winger VP Chief of Staff 134143 0 13000 0 7960 0 22147 0 4389 0 181639 0 0 0 Ronald Cohen VP University Relations 150495 0 13452 0 19708 0 15453 0 10608 0 209716 0 0 0 Valerie Martin Assoc Provost & Dean of A&S 123950 0 16494 0 31514 0 23050 0 744 0 195752 0 0 0 Carl Moses Former Provost & Professor of EES 123357 0 0 0 19229 0 12825 0 10522 0 165933 0 0 0 Lisa Scott VP for Stdnt Engagement & Success 138722 0 12375 0 8706 0 13500 0 4399 0 177702 0 0 0 Part I, Line 1a First Class Travel - Under special and very limited circumstances first class travel is permitted for key employees and occurred twice during the reporting period. Travel for Companions - The president's spouse accompanied him to five events on behalf of university business. Tax Indemnifications and Gross-Up Payments - the university grosses up certain payments to key employees to cover taxes. Discretionary Spending Account - The president has a restricted account used for institutional spending only Housing Allowance or Residence for Personal Use - The president is required to occupy, with his family, a university-owned and maintained residence. The university's maintenance and facilities departments provide the necessary landscaping, cleaning, and other maintenance. Health or Social Club Dues or Initiation Fees - The university maintains for the president a membership to one club for business purposes; the total cost of dues was $829. Personal Services - A housekeeper is employed by the university to maintain the president's residence and an occasional driver is hired for airport travel so the president can work in transit. Part II, Column (B)(iii) - Other Reportable Compensation: The University changed its method for reporting tuition benefits during the 2015 calendar year. This change resulted in this year having two years worth of tuition benefits recognized in a single year. A Snyder County Higher Education Authority 232736780 833453dr1 2008-09-25 29990252 Residence Hall and Academic Building 0 0 0 B Snyder County Higher Education Authority 232736780 Noneavail 2009-07-23 6492500 Refund SCHEA 1998 Bonds 0 0 0 C Snyder County Higher Education Authority 232736780 833453EN9 2015-08-11 29501612 Refund SCHEA 2006 Bonds 0 0 0 A 29990252 315560 29688657 2010 0 0 1 1 B 6492500 90731 2010 1 0 1 1 C 29501612 317175 2016 1 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 A 0 0 1 0 0 0 0 0 1 B 0 0 1 0 1 0 0 0 1 C 0 0 1 0 0 0 0 0 1 A 1 B 1 C 1 Subject to FERPA laws FERPA Laws 76977 Merit Based Scholarships Subject to FERPA laws FERPA Laws 31825 Need Based Scholarships frank Trembulak TRUSTEE 219601 Medical services: Frank Trembulak, trustee, is the Executive Vice President and COO of Geisinger Health System. The university maintains a relationship with Geisinger Health System for medical services. Mr. Trembulak received no personal benefit as a result of this relationship between the university and Geisinger Health System. 0 John Strangfeld TRUSTEE 197607 Investment Mgmt Fees: John Strangfeld, Chairman of the University's board, is CEO and Chairman of Prudential Financial. The University maintains an investment management relationship with Prudential pursuant to which Prudential was paid investment management fees. Mr. Strangfeld received no personal benefit as a result of the business relationship between the University and Prudential. 0 Jeffrey Whitman Spouse of Key Employee 79937 JEFFREY WHITMAN, AN EMPLOYEE OF SUSQUEHANNA UNIVERSITY, IS THE SPOUSE OF LINDA MCMILLIN, A KEY EMPLOYEE. HIS WAGES FOR EMPLOYMENT TOTALED $79,937 FOR THE REPORTING PERIOD. 0 Sch L, Part IV, BUSINESS TRANSACTIONS INVOLVING INTERESTED PERSONS: THE RELATIONSHIPS IDENTIFIED ABOVE WERE DISCLOSED TO THE BOARD AND IN THE FINANCIAL STATEMENTS. X 1539 174580 Market Value X 71 2126467 market value X 2 265 Market Value X Musical Instruments 1 8800 Market Value 0 0 1 1 Part I, Column (b): Part I, Line 1, Column B: The 1539 items consisted of 1 sculpture and 1538 prints. Part I, Line 32b: It is the University's general practice to liquidate gifts of publicly held stock as quickly as possible, unless holding the stock is determined to be in the best interest of the University by the Vice President for Finance and Administration in consultation with one of the University's investment advisors. The stock is liquidated by the brokerage firm Janney Montgomery Scott on 309 N. Fifth St., Sunbury, PA 17801. Form 990, Part VI, Section B, line 11 Along with a detailed review performed by the Audit Committee a link to a password-protected website was emailed to the governing body where the complete form 990 was made available for review. Form 990, Part VI, Section B, line 12c A conflict of interest questionnaire was sent to the governing body and the replies were reviewed in detail by the Audit Committee. The review of the questionnaires forms the basis for disclosure on the form 990 and the audited financial statements. Form 990, Part VI, Section B, line 15 The Organization's Board has adopted a Compensation Policy (the "Policy") for covered individuals. Pursuant to the Policy, a Compensation Committee (a subcommittee of the Organization's Executive Committee) of independent directors was established to review the compensation of all employees specified as having a substantial influence over the organization and who receive remuneration from the Organization, including, among others, the president, the senior vice president, provost and dean of the faculty, and vice president for finance and administration. The Compensation Committee is advised by an independent compensation consultant, which opines to the Compensation Committee that the level of compensation paid and the process by which compensation is established meet applicable IRS reasonableness and "safe harbor" standards. The outside compensation consultant provides data of compensation provided at similar organizations to ensure that the university does not compensate in excess of market norms. Form 990, Part VI, Section C, line 19 The organization makes its governing documents, conflict of interest policy, and financial statements available to the public by posting these documents on the organization's website. Form 990, Part XI, line 9: Endowment Income 5,953,834. Change in Split Interest -41,994. Other Nonoperating Activities -416,824. Susquehanna University & Ortenzio Charitable Trust 4718 Gettysburg Road Ste 405 Mechanicsburg PA 17055 806155309 Supports Susquehanna University PA 501(c)(3) Line 11a, I Susquehanna University 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Susquehanna University & Ortenzio Charitable Trust C 59000 Cash