2017-05-08T15:42:02-05:00 2016-06-30 390859910 BAKER TILLY VIRCHOW KRAUSE LLP 20 STANWIX ST STE 800 PITTSBURGH PA 15222 990 2015-07-01 250964126 ST VINCENT COLLEGE CORPORATION STVI 7245399761 300 FRASER PURCHASE ROAD LATROBE PA 15650 RICHARD WILLIAMS TREASURER/VP OF FINANCE 7245399761 2017-05-01 1 BRIAN R LENART EA P00289136 4126976400 2015 2021-01-29 14:40:06Z BRO NORMAN HIPPS OSB 300 FRASER PURCHASE ROAD LATROBE PA 15650 101566829 0 X WWW.STVINCENT.EDU X 1846 PA TO PROVIDE QUALITY UNDERGRADUATE AND GRADUATE EDUCATION FOR MEN AND WOMEN. 39 39 1531 50 706919 -93107 12022418 22382967 66574231 70830911 5955191 5289566 1299935 1031217 85851775 99534661 28041478 30090865 0 0 28190124 29972574 0 0 527330 22134866 22633989 78366468 82697428 7485307 16837233 216092887 223536747 39399756 37163531 176693131 186373216 X SAINT VINCENT COLLEGE IS AN EDUCATIONAL COMMUNITY ROOTED IN THE TRADITION OF THE CATHOLIC FAITH, THE HERITAGE OF BENEDICTINE MONASTICISM, AND THE LOVE OF VALUES INHERENT IN THE LIBERAL APPROACH TO LIFE AND LEARNING. ITS MISSION IS TO PROVIDE QUALITY UNDERGRADUATE AND GRADUATE EDUCATION FOR MEN AND WOMEN TO ENABLE THEM TO INTEGRATE THEIR PROFESSIONAL AIMS WITH THE BROADER PURPOSES OF HUMAN LIFE. THE PROGRAMS, ACTIVITIES, AND ENCOUNTERS THAT MAKE UP STUDENT LIFE AT SAINT VINCENT COLLEGE ENCOURAGE THE INTELLECTUAL GIFTS, PROFESSIONAL APTITUDES AND PERSONAL ASPIRATIONS OF STUDENTS TO MATURE HARMONIOUSLY. 0 0 73638250 30090865 70830911 FOUNDED IN 1846, SAINT VINCENT COLLEGE IS A PRIVATE, CATHOLIC, BENEDICTINE LIBERAL ARTS COLLEGE LOCATED IN LATROBE, PENNSYLVANIA. OUR MISSION IS "TO PROVIDE QUALITY UNDERGRADUATE AND GRADUATE EDUCATION FOR MEN AND WOMEN TO ENABLE THEM TO INTEGRATE THEIR PROFESSIONAL AIMS WITH THE BROADER PURPOSES OF HUMAN LIFE."SAINT VINCENT COLLEGE'S APPROACH TO EDUCATION IS ROOTED IN A CORE CURRICULUM THAT PROVIDES ALL STUDENTS WITH A BROAD-BASED EDUCATION. THE CORE CURRICULUM IS FOUNDED IN THE HUMANITIES, SOCIAL SCIENCES, NATURAL SCIENCES AND MATHEMATICS. EACH OF OUR PROGRAMS OF STUDY INCORPORATES AN INTERDISCIPLINARY VIEW OF KNOWLEDGE AND EMPHASIZES THE SKILLS TO INCREASE A STUDENT'S GENERAL BODY OF KNOWLEDGE THROUGHOUT THEIR LIVES.IN ADDITION TO ITS ROLE AS A KEY EDUCATIONAL PROVIDER, SAINT VINCENT SERVES AS AN ECONOMIC, ENVIRONMENTAL AND CULTURAL RESOURCE FOR THE LOCAL AREA. APPROXIMATELY 40% OF ALL GRADUATES FROM THE COLLEGE RESIDE IN ALLEGHENY AND WESTMORELAND COUNTIES, HELPING TO CONTRIBUTE TO THE REGION'S ECONOMIC GROWTH. THE COLLEGE'S ACADEMIC AND OUTREACH PROGRAMS ALSO HAVE HAD AN INSTRUMENTAL ROLE IN FOSTERING BUSINESS DEVELOPMENT, PROMOTING CULTURAL ENRICHMENT AND ADDRESSING REGIONAL ENVIRONMENTAL AND HEALTHCARE ISSUES.SAINT VINCENT COLLEGE SEMINARY IS A CENTER FOR THE SPIRITUAL FORMATION, HUMAN DEVELOPMENT AND ACADEMIC AND PASTORAL PREPARATION OF CANDIDATES FOR THE PRIESTHOOD. THE SEMINARY ALSO PROVIDES PROGRAMS FOR PERMANENT DIACONATE CANDIDATES AND OFFERS DEGREE PROGRAMS TO QUALIFIED MEN AND WOMEN SEEKING A THEOLOGICAL EDUCATION. 73638250 1 1 0 1 0 0 0 1 0 1 1 0 0 0 1 1 1 0 1 0 0 0 0 0 1 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 1 0 0 0 1 X 212 27 1 1531 1 1 1 1 CJ 0 0 0 1 1 0 0 0 0 X 39 39 1 0 0 0 0 1 1 1 1 0 0 0 1 1 1 1 1 1 1 0 PA X BUSINESS OFFICE 7248052251 300 FRASER PURCHASE ROAD LATROBE PA 15650 MR J CHRISTOPHER DONAHUE CHAIRMAN 6.00 0.00 X X 0 0 0 RT REV DOUGLAS R NOWICKI OSB VICE CHAIRMAN/CHANCELLOR 8.00 0.00 X X 0 0 0 REV WARREN MURRMAN OSB SECRETARY 2.00 0.00 X X 0 0 0 BRO NORMAN HIPPS OSB PRESIDENT 40.00 0.00 X X 0 0 0 REV EDWARD MAZICH OSB RECTOR 40.00 0.00 X X 0 0 0 REV THOMAS ACKLIN OSB DIRECTOR 2.00 0.00 X 0 0 0 ATTY JOSEPH C BARTOLACCI DIRECTOR 4.00 0.00 X 0 0 0 MS BIBIANA BOERIO DIRECTOR 2.00 0.00 X 0 0 0 REV BRIAN BOOSEL OSB DIRECTOR 2.00 0.00 X 0 0 0 MS LINDA MCKENNA BOXX DIRECTOR 2.00 0.00 X 0 0 0 BR DAVID CARLSON OSB DIRECTOR 2.00 0.00 X 0 0 0 REV THOMAS CURRY OSB DIRECTOR 2.00 0.00 X 0 0 0 MR JOHN J DEGNAN DIRECTOR 2.00 0.00 X 0 0 0 MR RICHARD A DICLAUDIO DIRECTOR 2.00 0.00 X 0 0 0 MR DAVID A DZOMBAK PHD DIRECTOR 2.00 0.00 X 0 0 0 REV MARIO FULGENZI OSB DIRECTOR 2.00 0.00 X 0 0 0 DR THOMAS P GESSNER MD DIRECTOR 4.00 0.00 X 0 0 0 MOST REV ROGER W GRIES OSB DIRECTOR 2.00 0.00 X 0 0 0 VERY REV EARL HENRY OSB DIRECTOR 2.00 0.00 X 0 0 0 MR MICHAEL KESLAR DIRECTOR 4.00 0.00 X 0 0 0 REV MATTHEW THOMAS LAFFEY OSB DIRECTOR 2.00 0.00 X 0 0 0 HON MAUREEN LALLY-GREEN ESQ DIRECTOR 2.00 0.00 X 0 0 0 MR RALPH LIBERATORE DIRECTOR 2.00 0.00 X 0 0 0 MR JAMES V MAHER JR DIRECTOR 2.00 0.00 X 0 0 0 MOST REV EDWARD MALESIC DIRECTOR 2.00 0.00 X 0 0 0 DR DONALD L MILLER PHD DIRECTOR 2.00 0.00 X 0 0 0 JOSEPH W O'TOOLE ESQ DIRECTOR 4.00 0.00 X 0 0 0 MR ROBERT F PUSATERI DIRECTOR 4.00 0.00 X 0 0 0 MR CHARLES J QUEENAN JR ESQ DIRECTOR 2.00 0.00 X 0 0 0 MS JERI ECKHART-QUEENAN DIRECTOR 2.00 0.00 X 0 0 0 MR ARTHUR J ROONEY II DIRECTOR 2.00 0.00 X 0 0 0 MR TIMOTHY P RYAN ESQ DIRECTOR 4.00 0.00 X 0 0 0 MR HANS J SACK DIRECTOR 2.00 0.00 X 0 0 0 MR PAUL A SEAMAN DIRECTOR 2.00 0.00 X 0 0 0 DR KIRON SKINNER PHD DIRECTOR 2.00 0.00 X 0 0 0 REV RALPH TAJAK OSB DIRECTOR 2.00 0.00 X 0 0 0 REV RICHARD ULUM OSB DIRECTOR 2.00 0.00 X 0 0 0 MR JAMES F WILL DIRECTOR 2.00 0.00 X 0 0 0 REV FRANK ZIEMKIEWICZ OSB DIRECTOR 2.00 0.00 X 0 0 0 MS JUDITH L BACCHUS DIRECTOR (END MARCH 2016) 2.00 0.00 X 0 0 0 MRS GINA M NALEVANKO ASSISTANT TREASURER 36.00 4.00 X 96456 0 16087 MR RICHARD S WILLIAMS TREASURER/VP FINANCE & ADMIN. 32.00 8.00 X 156631 0 36907 MR RICHARD FERNANDES EXEC. DIRECTOR - FRED ROGERS CENTER 40.00 0.00 X 150091 0 27037 MR GARY QUINLIVAN DEAN - MCKENNA SCHOOL 40.00 0.00 X 137554 0 33787 MR BRADLEY WATSON PROFESSOR - POLITICS 40.00 0.00 X 135948 0 57912 MR BRUCE A ANTKOWIAK LEGAL COUNSEL/CRIMINOLOGY DIRECTOR 20.00 20.00 X 135410 0 35955 MR JOHN J SMETANKA VP FOR ACADEMIC AFFAIRS 40.00 0.00 X 135235 0 72421 947325 0 280106 21 0 1 0 BAKER TILLY VIRCHOW KRAUSE LLP PO BOX 7398 MADISON WI 53707 ACCOUNTING & AUDITING SERVICES 104448 PAUL IMBROGNO PIPT 911 LAUREL HIGHLANDS HEALTH LATROBE PA 15650 ATHLETIC TRAINING & SPORTS MED. SERVICES 103250 2 213404 992759 2457297 18719507 1878523 22382967 TUITION AND FEES 611600 56296325 56296325 RESIDENCE HALL REVENUE 611600 7270116 7270116 DINING SERVICE REVENUE 611600 6344948 6344948 BOOKSTORE REVENUE 611600 826441 826441 OTHER AUXILIARY SERVICES 611600 93081 93081 70830911 2068531 2068531 1400 1400 790286 475566 314720 314720 167806 146914 4566558 1345523 3221035 3221035 3221035 113774 213404 211079 -97305 -97305 PITTSBURGH STEELERS 721000 520677 520677 THEATER INCOME 900099 160320 160320 ATHLETIC INCOME 900099 145039 145039 -13634 18436 -32070 812402 99534661 70830911 706919 5613864 37016 37016 30053849 30053849 314780 261328 49073 4379 21065756 17488605 3284056 293095 1049695 871447 163643 14605 6082712 5049814 948267 84631 1459631 1211773 227550 20308 65316 54224 10183 909 81530 67686 12710 1134 42624 35386 6645 593 258151 258151 1552076 1306700 245376 450785 374238 70275 6272 1654122 1392613 261509 353556 293519 55118 4919 22538 22538 2378653 2002600 376053 1134019 941453 176788 15778 1189915 987857 185502 16556 4066273 3375784 633914 56575 562938 467562 87800 7576 FOOD SERVICE 4823445 4060882 762563 SUPPLIES AND EQUIPMENT 1572453 1323856 248597 STUDENT LABOR 1281178 1078630 202548 PURCHASES 542806 456991 85815 601611 421899 179712 82697428 73638250 8531848 527330 54074 125300 865533 1201447 6862975 16426937 1808922 1431816 1623315 1276704 410370 490874 1143978 676927 169019545 75963505 95820799 93056040 105110062 105540675 291167 273657 2101692 3036370 216092887 223536747 5385205 5381278 26441551 25002981 3877749 3241305 3695251 3537967 39399756 37163531 X 37300724 35887807 80834442 83796897 58557965 66688512 176693131 186373216 216092887 223536747 16837233 -7157148 0 X X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 0 1 37 0 0 1 8715 0 1 33872 42624 0 PART II-B, LINE 1: SAINT VINCENT COLLEGE CONTRACTS WITH BUCHANAN INGERSOLL & ROONEY PC TO SUPPORT THE FOLLOWING GOVERNMENT RELATIONS ACTIVITIES: - CREATING AND MAINTAINING RELATIONSHIPS WITH ELECTED OFFICIALS TO INFORM THEM OF THE CURRENT EDUCATIONAL PROGRAMS AND STRATEGIC INITIATIVES OF THE COLLEGE - IDENTIFYING GOVERNMENT GRANT PROGRAMS THAT ALIGN WITH THE FUNDING NEEDS OF THE COLLEGE - PROVIDING GUIDANCE AND SUPPORT FOR THE SUBMISSION OF GOVERNMENT GRANT APPLICATIONS - REQUESTING SUPPORT FROM ELECTED OFFICIALS FOR THE COLLEGE'S FUNDING REQUESTS - IDENTIFYING LEGISLATIVE ISSUES THAT IMPACT THE COLLEGE - FACILITATING MEETINGS FOR COLLEGE REPRESENTATIVES WITH ELECTED OFFICIALS X X 0 86954737 4066881 -2100437 2147380 1842988 84930813 89758038 2099138 -950890 2108733 1842816 86954737 78366120 3497135 11955226 1938428 2122015 89758038 71337060 2297786 8145956 1763422 1651260 78366120 71348256 2697412 340864 1564181 1485291 71337060 0.16370 0.67860 0.15770 0 0 4950 4950 118156540 38608623 79547917 18115912 10976388 7139524 24802672 21933785 2868887 7939471 4444709 3494762 93056040 ANNUITIES PAYABLE 1134716 STUDENT DEPOSITS 903251 NOTE PAYABLE, RELATED PARTY 1500000 3537967 X 62752158 -7157148 -30053849 -37210997 99963155 258151 -686645 -428494 99534661 53072073 686645 686645 52385428 258151 30053849 30312000 82697428 PART III, LINE 1A: THE COLLEGE HAS AN ARTWORK COLLECTION AND COVERLETS THAT ARE NOT REPORTED IN THE COLLEGE'S BALANCE SHEET OR STATEMENT OF ACTIVITIES. THE ARTWORK COLLECTION AND COVERLETS SERVE AS EDUCATIONAL, HISTORICAL AND CULTURAL TREASURES AND SUPPORT THE EXEMPT STATUS OF ST. VINCENT COLLEGE. PART V, LINE 4: ENDOWMENT FUNDS ARE TO BE USED FOR SCHOLARSHIPS, FACULTY DEVELOPMENT AND SALARIES, STUDENT RESEARCH, EDUCATIONAL PROGRAMS AND GENERAL SUPPORT OF OPERATIONS. PART X, LINE 2: THE CORPORATION 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. MANAGEMENT DETERMINED THERE WERE NO TAX UNCERTAINTIES THAT MET THE RECOGNITION THRESHOLD AT JUNE 30, 2016 AND 2015. PART XI, LINE 2D - OTHER ADJUSTMENTS: STUDENT AID -30,053,849. PART XI, LINE 4B - OTHER ADJUSTMENTS: RENTAL EXPENSE -312,041. SPECIAL EVENTS EXPENSE -211,079. UBIT RENTAL EXPENSE -163,525. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSE 312,041. SPECIAL EVENTS EXPENSE 211,079. UBIT RENTAL EXPENSE 163,525. PART XII, LINE 4B - OTHER ADJUSTMENTS: STUDENT AID 30,053,849. SCHEDULE D, PART II THE COLLEGE RENTS LAND FROM ST. VINCENT ARCHABBEY. THE LAND HAS A STREAM WHICH IS A 50 FT. WIDE CONSERVATION EASEMENT THE LENGTH OF THE STREAM. THE EASEMENT IS HELD BY ST. VINCENT ARCHABBEY. 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 CORPORATION'S RACIALLY NONDISCRIMINATORY POLICY IS PUBLICIZED DURING THE RECRUITING AND ADMISSIONS PROCESS. SCHEDULE E, PART I, LINE 6 SAINT VINCENT COLLEGE RECEIVES THE FOLLOWING ASSISTANCE FROM GOVERNMENTAL AGENCIES: PENNSYLVANIA INSTITUTIONAL GRANT, NATIONAL SCIENCE FOUNDATION, US SMALL BUSINESS ADMINISTRATION, PA DEPT OF ENVIRONMENTAL PROTECTION, PA COUNCIL ON THE ARTS, PA HIGHER EDUCATION ASSISTANCE AGENCY, PA DEPT OF HEALTH, PA DEPT OF PUBLIC WELFARE, PA DEPT OF COMMUNITY AND ECONOMIC DEVELOPMENT, US DEPT OF HEALTH AND HUMAN SERVICES, US DEPARTMENT OF EDUCATION, PA DEPT OF EDUCATION, PA LIQUOR CONTROL BOARD, OFFICE OF SURFACE MINING, RECLAMATION AND ENFORCEMENT, NATIONAL AERONAUTICS AND SPACE ADMINISTRATION, PA DEPARTMENT OF TRANSPORTATION, NATIONAL ENDOWMENT FOR THE HUMANITIES, PA REDEVELOPMENT ASSISTANCE CAPITAL PROGRAM, PA NATIONAL GUARD, PA OFFICE OF VOCATIONAL REHABILITATION, DEPARTMENT OF VETERAN AFFAIRS AND FINANCIAL AID TITLE IV FUNDS. BEARCAT OPEN 78218 68488 9730 10790 10941 16853 HAITI BENEFIT EVENT 60360 37015 23345 9427 50933 7 188600 107901 80699 645 9494 51962 3950 46084 327178 213404 113774 645 20284 72330 3950 113870 211079 -97305 1 ST LUKE FOUNDATION FOR HAITI 3999 GREAT HARVEST CT DUMFRIES VA 22025 274377746 501(C)3 37016 0 FAIR MARKET VALUE N/A TO FURTHER THE ORGANIZATION'S OPERATING PURPOSE. 1 0 SCHOLARSHIPS - SEOG 236 221296 FAIR MARKET VALUE N/A SCHOLARSHIPS - STUDENT AID 1570 26853010 FAIR MARKET VALUE N/A SCHOLARSHIPS - ENDOWMENT 1365 2098185 FAIR MARKET VALUE N/A SCHOLARSHIPS - GRANTS 191 881358 FAIR MARKET VALUE N/A PART I, LINE 2: THE COLLEGE MONITORS THE USE OF GRANT FUNDS THROUGH A SHARED APPROACH BY THE FINANCIAL AID DEPARTMENT AND THE BUSINESS OFFICE. ALL BUDGETED TO ACTUAL GRANT ACTIVITY IS MONITORED ON A MONTHLY BASIS AND THE FINANCIAL AID FOR EACH STUDENT IS APPROVED PRIOR TO DISBURSING FUNDS. GRANT REPORTING AND COMPLIANCE ARE MONITORED BY THE BOTH THE FINANCIAL AID DEPARTMENT AND THE BUSINESS OFFICE TO ENSURE ACCURACY. X 1 1 X X X 0 0 0 0 0 0 0 0 0 MR RICHARD S WILLIAMS TREASURER/VP FINANCE & ADMIN. 156631 0 0 0 0 0 11885 0 25022 0 193538 0 0 0 MR RICHARD FERNANDES EXEC. DIRECTOR - FRED ROGERS CENTER 150091 0 0 0 0 0 0 0 27037 0 177128 0 0 0 MR GARY QUINLIVAN DEAN - MCKENNA SCHOOL 137554 0 0 0 0 0 9152 0 24635 0 171341 0 0 0 MR BRADLEY WATSON PROFESSOR - POLITICS 135948 0 0 0 0 0 7840 0 50072 0 193860 0 0 0 MR BRUCE A ANTKOWIAK LEGAL COUNSEL/CRIMINOLOGY DIRECTOR 135410 0 0 0 0 0 9841 0 26114 0 171365 0 0 0 MR JOHN J SMETANKA VP FOR ACADEMIC AFFAIRS 135235 0 0 0 0 0 10301 0 62120 0 207656 0 0 0 PART I, LINE 1A PAID COUNTRY CLUB DUES FOR PRESIDENT FOR BUSINESS USE IN FUNDRAISING EFFORTS. A UPPER YODER TOWNSHIP AUTHORITY 256010921 2005-11-21 6220000 ADDITIONS TO TWO DORMITORIES AND OTHER COSTS 0 0 0 B LATROBE INDUSTRIAL DEVELOPMENT AUTHORITY 251763674 2011-12-20 13026000 REFUNDING 0 0 0 C LATROBE INDUSTIAL DEVELOPMENT AUTHORITY 251763674 518331BR3 2013-04-01 11529540 REFUNDING/CAPITAL PROJECTS 0 0 0 A 6220000 31058 58500 6161500 2006 0 0 1 1 B 12943650 13026000 82350 2011 1 0 1 1 C 9750000 11529540 2388050 2666263 219701 1838052 2016 1 0 1 1 A 0 0 0 0 0 0 1 B 0 0 0 0 0 0 1 C 0 0 0 0 0 0 1 A 0 0 1 0 0 0 0 0 0 B 0 0 1 0 0 0 0 0 0 C 0 0 1 0 0 0 0 0 0 A 1 B 1 C 1 MR ARTHUR J ROONEY II SEE PART V 882754 CHARGES RELATED TO STEELERS TRAINING CAMP, SHAREHOLDERS MEETING, STEELERS FAMILY NIGHT AND STEELERS FANTASY CAMP TOTAL $785,695. CHARGES RELATED TO LEGAL & LOBBYING SERVICES WITH BUCHANAN, INGERSOLL & ROONEY PC TOTAL $97,059. 0 SCHEDULE L, PART IV COLUMN B: MEMBER OF THE BOARD, CO-OWNER OF THE PITTSBURGH STEELERS AND COUSEL WITH BUCHANAN, INGERSOLL & ROONEY PC X 11 1878523 FAIR MARKET VALUE 0 1 1 PART I, COLUMN (B): THE NUMBER OF CONTRIBUTIONS IS EQUAL TO THE NUMBER OF CONTRIBUTORS. PART I, LINE 32B: MORGAN STANLEY AND HIRTLE, CALLAGHAN & CO., LLC ARE USED TO FACILITATE THE SALE OF ALL SECURITIES. FORM 990, PART VII, SECTION A: THE FOLLOWING BENEDICTINE MONKS ARE COMPENSATED EMPLOYEES BUT DO NOT RECEIVE A W-2, AS ALL COMPENSATION EARNED IS TRANSFERRED DIRECTLY TO THE SAINT VINCENT ARCHABBEY: BROTHER NORMAN HIPPS, O.S.B. ($285,252) REV. WARREN MURRMAN, O.S.B. ($23,657) REV. EDWARD MAZICH, O.S.B. ($83,440) RT. REV. DOUGLAS R. NOWICKI, O.S.B. ($32,625) REV. THOMAS ACKLIN, O.S.B. ($43,958) BROTHER DAVID CARLSON, O.S.B. ($91,499) REV. BRIAN D. BOOSEL, O.S.B. ($33,365) FORM 990, PART VI, SECTION A, LINE 2 RT. REV. DOUGLAS R. NOWICKI, VICE CHAIRMAN/CHANCELLOR IS THE ABBOT OF THE BENEDICTINE SOCIETY OF WESTMORELAND COUNTY (RELATED ENTITY) AND HAS ENGAGED MATTHEWS INTERNATIONAL FOR CONSTRUCTION OF A MAUSOLEUM OF WHICH ATTY. JOSEPH C. BARTOLACCI IS THE PRESIDENT AND CHIEF EXECUTIVE OFFICER. MR. CHARLES J. QUEENAN, JR. IS THE FATHER-IN-LAW OF MS. JERI ECKHART QUEENAN. CURRENT BOARD MEMBERS HON. MAUREEN LALLY-GREEN, ESQ. AND MR. JAMES F. WILL BOTH SERVE ON THE BOARD OF FEDERATED FUNDS. MR. J. CHRISTOPHER DONAHUE, CHAIRMAN, IS THE PRESIDENT AND CEO OF FEDERATED INVESTORS, INC. CURRENT BOARD MEMBER ATTY. JOSEPH C. BARTOLACCI SERVES ON THE BOARD OF FEDERATED INVESTORS OF WHICH MR. J. CHRISTOPHER DONAHUE, CHAIRMAN, IS THE PRESIDENT AND CEO. FORM 990, PART VI, SECTION A, LINE 7A GOVERNANCE OF THE CORPORATION IS ENTRUSTED TO THE MEMBERS OF THE CORPORATION AND THE BOARD OF DIRECTORS. THERE ARE SEVEN MEMBERS OF THE CORPORATION, AND THEY ARE A SELF-PERPETUATING GOVERNING BODY. THE MEMBERS OF THE CORPORATION MUST BE MEMBERS OF THE BENEDICTINE SOCIETY - SAINT VINCENT ARCHABBEY. THE MEMBERS ARE THE LEGAL GOVERNING BODY OF THE CORPORATION BUT HAVE DELEGATED TO THE CORPORATION'S BOARD OF DIRECTORS RESPONSIBILITY FOR MOST ACADEMIC AND OPERATIONAL MATTERS. FORM 990, PART VI, SECTION A, LINE 7B MEMBERS OF THE CORPORATION ARE REQUIRED TO APPROVE DEBT, NEW CONSTRUCTION AND MAJOR CHANGES IN MISSION. FORM 990, PART VI, SECTION B, LINE 11 THE BOARD DELEGATED THE COMPLETE REVIEW OF THE FORM 990 WITH ALL REQUIRED SCHEDULES TO THE FINANCE COMMITTEE AND TO THE CHAIRMAN OF THE BOARD. FORM 990 WAS PRESENTED AT THE MARCH 2017 MEETING TO ALL FINANCE COMMITTEE MEMBERS WITH AN INDEPENDENT REVIEW BY THE CHAIRMAN. THE REMAINING BOARD MEMBERS ARE PROVIDED A COPY OF THE FORM 990 EXCLUDING SCHEDULE B. FORM 990, PART VI, SECTION B, LINE 12C ALL NEW BOARD MEMBERS UNDERGO A VETTING PROCESS BY A BOARD COMMITTEE TO ASCERTAIN IF ANY POTENTIAL CONFLICT OF INTEREST EXISTS BETWEEN THE MEMBER AND THE COLLEGE CORPORATION. BOARD MEMBERS ARE REVIEWED ON AN ANNUAL BASIS TO ENSURE THAT THEY ARE ADHERING TO OUR CONFLICT OF INTEREST POLICY. ADDITIONALLY, MANAGEMENT REGULARLY AND CONSISTENTLY REVIEWS ALL SIGNIFICANT BUSINESS CONTRACTS TO DETERMINE THAT WE ARE COMPLIANT WITH OUR CONFLICT OF INTEREST POLICY. QUESTIONNAIRES ARE SENT OUT FROM THE PRESIDENT'S OFFICE ON AN ANNUAL BASIS TO ALL OFFICERS, DIRECTORS, TRUSTEES AND KEY EMPLOYEES AND LEGAL COUNSEL REVIEWS. FORM 990, PART VI, SECTION B, LINE 15 THE ARTICLES OF INCORPORATION PROVIDE FOR AN EXECUTIVE COMPENSATION COMMITTEE TO RECOMMEND TO THE BOARD OBJECTIVES FOR THE PRESIDENT OF THE COLLEGE, VICE PRESIDENT FOR FINANCE OF THE COLLEGE/TREASURER OF THE CORPORATION, THE VICE PRESIDENT FOR ACADEMIC AFFAIRS AND ACADEMIC DEAN AND THE EXECUTIVE VICE PRESIDENT AND RECOMMEND POLICIES, STRATEGIES AND PAY LEVELS NECESSARY TO SUPPORT THE COLLEGE'S OBJECTIVES. THE COMMITTEE COMPILES COMPARATIVE DATA FROM OTHER COLLEGES OF SIMILAR SIZE (CHRONICLE OF HIGHER ED, IPEDS). THE COMMITTEE MAY ALSO, IF APPROPRIATE, SELECT INDEPENDENT COMPENSATION CONSULTANTS TO ADVISE THE COMMITTEE. HR DIRECTOR KEEPS A FILE WITH MINUTES OF MEETINGS AND WORKSHEET USED TO ANALYZE COMPENSATION DATA. FORM 990, PART VI, SECTION C, LINE 19 FORM 990 IS AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 2C: THE TREASURER, ASSISTANT TREASURER AND CONTROLLER WORK WITH THE FINANCE & AUDIT COMMITTEE CHAIR TO SELECT AND ENGAGE OUR INDEPENDENT AUDITORS SUBJECT TO COMMITTEE APPROVAL. THE RESPONSIBILITY FOR THE OVERSIGHT OF THE AUDIT FIELD RESTS WITH MANAGEMENT. THE CHAIR OF THE FINANCE AND AUDIT COMMITTEE IS KEPT CURRENT WITH THE AUDIT AS IT PROGRESSES BY BOTH MANAGEMENT AND THE INDEPENDENT ACCOUNTANTS. THE INDEPENDENT ACCOUNTANTS ALSO PRESENT THE ANNUAL FINANCIAL RESULTS TO THE FINANCE AND AUDIT COMMITTEE FOR DISCUSSION AND APPROVAL. THE BENEDICTINE SOCIETY OF WESTMORELAND COUNTY 300 FRASER PURCHASE ROAD LATROBE PA 15650 250964126 TO SUPPORT SAINT VINCENT COLLEGE, SEMINARY AND ARCHABBEY PA 501(C)(3) 509(A)(1) N/A 0 0 0 1 0 1 0 0 0 0 0 1 0 0 1 1 1 1 0 0