2017-05-15T11:20:23-05:00 2016-06-30 390859910 BAKER TILLY VIRCHOW KRAUSE LLP 1650 MARKET STREET SUITE 4500 PHILADELPHIA PA 19103 990 2015-07-01 231365966 ROSEMONT COLLEGE ROSE 6105270200 1400 MONTGOMERY AVENUE ROSEMONT PA 190101699 RANDY ELDRIDGE VP FINANCE & ADMINISTRATION 6105270200 2017-05-12 1 JULIUS C GREEN CPA P00350393 2159720701 2015 2021-01-29 14:40:06Z RANDY ELDRIDGE 1400 MONTGOMERY AVENUE ROSEMONT PA 190101699 51056507 0 X WWW.ROSEMONT.EDU X 1921 PA ROSEMONT COLLEGE IS A COMMUNITY OF LEARNERS DEDICATED TO EXCELLENCE & JOY IN PURSUIT OF KNOWLEDGE. 27 26 599 32 0 0 5134791 5985073 22553818 24214429 1418236 646660 184144 267319 29290989 31113481 9406202 10653004 0 0 10915995 10182016 89132 82061 539220 7852021 8580959 28263350 29498040 1027639 1615441 44015022 42773433 13838741 12602854 30176281 30170579 X ROSEMONT COLLEGE IS A COMMUNITY OF LEARNERS DEDICATED TO EXCELLENCE AND JOY IN THE PURSUIT OF KNOWLEDGE. ROSEMONT COLLEGE SEEKS TO DEVELOP IN ALL MEMBERS OF THE COMMUNITY OPEN AND CRITICAL MINDS, AS WELL AS THE ABILITY TO MAKE REASONED MORAL DECISIONS. ROOTED IN CATHOLICISM, AND GUIDED BY THE EDUCATIONAL PRINCIPLES OF CORNELIA CONNELLY AND THE SOCIETY OF THE HOLY CHILD JESUS, ROSEMONT COLLEGE VALUES: TRUST IN AND REVERENCE FOR THE DIGNITY OF EACH PERSON, DIVERSITY IN HUMAN CULTURE AND EXPERIENCE, AND PERSISTENCE AND COURAGE IN PROMOTING JUSTICE WITH COMPASSION. 0 0 21134520 10653004 24214429 ROSEMONT COLLEGE WAS FOUNDED IN 1921 AND IS LOCATED IN SUBURBANPHILADELPHIA. TOTAL STUDENT ENROLLMENT IS 1,160 WITH A STUDENT-TEACHER RATIO OF 10:1 AND AN AVERAGE CLASS SIZE OF 12. THERE ARE THREE SCHOOLS: THE UNDERGRADUATE COLLEGE, THE SCHOOL OF GRADUATE STUDIES, AND THE SCHOOL OF PROFESSIONAL STUDIES. THE UNDERGRADUATE COLLEGE OFFERS A NUMBER OF MAJORS AND ACADEMIC PROGRAMS AWARDING BACHELOR OF ARTS, BACHELOR OF FINE ARTS, AND BACHELOR OF SCIENCE DEGREES. EACH PROGRAM OFFERS AN IN-DEPTH STUDY OF A PARTICULAR SUBJECT AREA AS WELL AS A BREADTH OF STUDY IN THE LIBERAL ARTS. THE SCHOOL OF GRADUATE STUDIES OFFERS GRADUATE PROGRAMS THAT AWARD THE MASTER OF BUSINESS ADMINISTRATION, MASTER OF SCIENCE IN MANAGEMENT, MASTER OF ARTS, MASTER OF FINE ARTS, AND THE MASTER OF EDUCATION DEGREES. THE SCHOOL OF PROFESSIONAL STUDIES OFFERS ACCELERATED DEGREE PROGRAMS, CERTIFICATES, AND CORPORATE TRAINING. THE ACADEMIC FOCUS OF THE ACCELERATED DEGREE PROGRAMS IS ON RELEVANT AND PRACTICAL KNOWLEDGE AND TECHNIQUES. SMALL CLASS SIZE AND A SEMINAR ATMOSPHERE COMPLEMENT THE LEARNING EXPERIENCE.GENERAL EDUCATION SCHOLARSHIPS AND FEDERAL AND STATE GRANTS AND SCHOLARSHIPS ARE AWARDED TO STUDENTS. THE COLLEGE PROVIDED STUDENT FINANCIAL AID FROM INTERNAL RESOURCES OF APPROXIMATELY $9,600,000. 21134520 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 1 0 0 0 0 1 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 25 0 1 599 1 0 1 CJ 0 0 0 0 0 0 0 0 X 27 26 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 PA X RANDY ELDRIDGE 6105270200 1400 MONTGOMERY AVENUE ROSEMONT PA 19010 RICHARD GESCHKE CHAIR 5.00 X X 0 0 0 DAVID LOGAN VICE CHAIR 1.00 X X 0 0 0 SHARON W CLARK SECRETARY 1.00 X X 0 0 0 PATRICIA PHILLIPS SHCJ TREASURER 1.00 X X 0 0 0 SHARON LATCHAW HIRSH PHD PRESIDENT 50.00 X X 271571 0 26010 MARY ANN BUCKLEY SHCJ TRUSTEE 1.00 X 0 0 0 GERARD CUDDY TRUSTEE (TERM 10/2015) 1.00 X 0 0 0 CHARLES J CURRIE SJ TRUSTEE 1.00 X 0 0 0 MARGARET DOYLE SHCJ TRUSTEE 1.00 X 0 0 0 MARIA A FEELEY TRUSTEE 1.00 X 0 0 0 STEPHEN FERA TRUSTEE 1.00 X 0 0 0 SEAN H FITZPATRICK TRUSTEE 1.00 X 0 0 0 JOHN GILLEN TRUSTEE 1.00 X 0 0 0 WILLIAM GREEN TRUSTEE 1.00 X 0 0 0 LINDA HOHN TRUSTEE 1.00 X 0 0 0 SANDRA LINCOLN SHCJ TRUSTEE 1.00 X 0 0 0 CLARE F MACKIE TRUSTEE 1.00 X 0 0 0 ANN MARSHALL TRUSTEE 1.00 X 0 0 0 ROBERT J MASSA EDD TRUSTEE 1.00 X 0 0 0 EILEEN MCDEVITT SHCJ TRUSTEE 1.00 X 0 0 0 SUZANNE MURPHY PHD TRUSTEE 1.00 X 0 0 0 MAUREEN O'CONNELL PHD TRUSTEE 1.00 X 0 0 0 NATALYE PAQUIN ESQ TRUSTEE 1.00 X 0 0 0 FREDERICK PETERS TRUSTEE 1.00 X 0 0 0 PATRICIA PILIA PHD TRUSTEE (TERM 10/2015) 1.00 X 0 0 0 MARGO B POLETT TRUSTEE 1.00 X 0 0 0 RONALD R REMICK PHD TRUSTEE 1.00 X 0 0 0 ROBERT RYAN TRUSTEE 1.00 X 0 0 0 KATHLEEN TRAINOR TRUSTEE 1.00 X 0 0 0 RANDY L ELDRIDGE DBA CPA VP FINANCE & ADMINISTRATION 50.00 X 115639 0 19076 B CHRISTOPHER DOUGHERTY PHD PROVOST/VP ACADEMIC AFFAIRS 40.00 X 132689 0 20162 DENNIS MURPHY VP ENROLLMENT MGT/ADMISSIONS 40.00 X 107676 0 18573 CHRISTYN MORAN VP COLLEGE RELATIONS 40.00 X 97357 0 18355 724932 0 102176 4 0 1 0 PARKHURST DINING SERVICES 285 E WATERFRONT DRIVE HOMESTEAD PA 15120 FOOD SERVICE 1275517 ARAMARK MANAGEMENT SERVICE LP 1101 MARKET STREET PHILADELPHIA PA 19107 FACILITIES MANAGEMENT 597003 HARMELIN MEDIAHARMELIN MEDIA 525 RIGHTERS FERRY ROAD BALA CYNWYD PA 19004 ADVERSISING SERVICES 295644 JENZABAR-HARRISONBURG PO BOX 55018 BOSTON MA 02205 DATABASE 227436 GARRISON PRINTING 7155 AIRPORT HIGHWAY PENNSAUKEN NJ 08109 PRINTING SERVICES 213336 10 247459 5737614 96943 5985073 STUDENT TUITION AND FEES 611710 19533167 19533167 ROOM AND BOARD-STUDENTS 721310 4681262 4681262 24214429 354935 354935 395795 188175 207620 207620 207620 20046576 19754851 291725 291725 291725 ALUMNI EVENTS 900099 18295 18295 INVOICE CREDITS 900099 16662 16662 COMMISSIONS 900099 9507 9507 15235 15235 59699 31113481 24214429 0 913979 10653004 10653004 897108 592020 267217 37871 6954278 4589268 2071429 293581 308554 203621 91907 13026 1400399 924152 417128 59119 621677 410257 185175 26245 10571 10571 108359 108359 82061 82061 82546 82546 871851 147074 724777 986703 986703 772290 233104 533875 5311 1199893 62325 1137568 659892 159424 500468 44998 34277 9272 1449 59638 8732 31800 19106 324670 324010 660 1065953 1065953 218536 218536 FOOD SERVICE 1156214 1156214 OTHER PROGRAM COSTS 398057 282122 114484 1451 ATHLETICS 138244 138244 FEES AND STIPENDS 92392 91642 750 390152 59077 331075 29498040 21134520 7824300 539220 2370753 1964793 4220951 3467644 1362256 1335478 443343 401741 211586 311983 42235389 24551002 18611535 17684387 15608377 16510706 1186221 1096701 44015022 42773433 2298249 1688608 938708 795293 6747917 6483430 3225410 3057227 628457 578296 13838741 12602854 X 5015661 2345960 11869932 10935141 13290688 16889478 30176281 30170579 44015022 42773433 X 1615441 -1531623 -89520 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 15392620 3081975 -980296 1200552 16293747 16065454 121355 -97223 696966 15392620 15004696 105151 1680316 724709 16065454 13600416 15678 1993452 604850 15004696 12868455 1927806 -276932 742465 176448 13600416 0.01150 0.98850 0.00000 0 0 352332 352332 34800658 17527331 17273327 6686276 6627548 58728 396123 396123 0 17684387 REFUNDABLE ADVANCES FROM FEDERAL GOVERNMENT FOR STUDENT LOANS 498280 LEASES PAYABLE 80016 578296 X 19973674 -1531623 -9796359 -11327982 31301656 -188175 -188175 31113481 19979376 188175 188175 19791201 9706839 9706839 29498040 PART V, LINE 4: THE COLLEGE'S ENDOWMENT FUND CONSISTS OF APPROXIMATELY 60 INDIVIDUAL FUNDS ESTABLISHED FOR A VARIETY OF PURPOSES. IT INCLUDES BOTH DONOR-RESTRICTED ENDOWMENT FUNDS AND FUNDS DESIGNATED BY THE BOARD OF TRUSTEES TO FUNCTION AS ENDOWMENTS. THE COLLEGE HAS ADOPTED INVESTMENT AND SPENDING POLICIES FOR ENDOWMENT ASSETS THAT ATTEMPT TO PROVIDE A PREDICTABLE STREAM OF FUNDING TO PROGRAMS SUPPORTED BY ITS ENDOWMENT WHILE SEEKING TO MAINTAIN THE PURCHASING POWER OF THE ENDOWMENT ASSETS. PART X, LINE 2: THE COLLEGE 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 COLLEGE DOES NOT BELIEVE ITS FINANCIAL STATEMENTS INCLUDE ANY UNCERTAIN TAX POSITIONS. PART XI, LINE 2D - OTHER ADJUSTMENTS: FINANCIAL ASSISTANCE -9,624,293. CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS -89,520. INVESTMENT EXPENSES NETTED ON FINANCIALS -82,546. PART XI, LINE 4B - OTHER ADJUSTMENTS: RENTAL EXPENSES -188,175. FUNDRAISING EXPENSES PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES 188,175. FUNDRAISING EXPENSES PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL ASSISTANCE 9,624,293. INVESTMENT EXPENSES NETTED ON FINANCIALS 82,546. SCHEDULE D, PART V THE BEGINNING ENDOWMENT BALANCE CONTAINS A PRIOR YEAR RESTATEMENT OF $800,513. 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 RACIALLY NON-DISCRIMINATORY POLICY IS CLEARLY STATED IN ROSEMONT COLLEGE'S PUBLICATIONS AS WELL AS THEIR COURSE CATALOG AND REGISTRATION MATERIAL. SCHEDULE E, PART I, LINE 6 ROSEMONT RECEIVES A VARIETY OF FEDERAL AND STATE GRANTS, RELATED TO STUDENT AID OR PROGRAM SUBSISTENCE. X X X X X X X 1 PACESETTERS INC 759 ROBLE ROAD ALLENTOWN PA 18109 MANAGEMENT OF MAIL/EMAIL AND EXPERIENCE FUND SOLICITATIONS 0 5182687 82061 5100626 5182687 82061 5100626 PA 1 FINANCIAL ASSISTANCE & SCHOLARSHIPS 721 10653004 CASH N/A PART I, LINE 2: ALL STUDENTS APPLYING FOR FEDERAL FUNDS ARE REQUIRED TO SUBMIT THE FREE APPLICATION FOR FEDERAL STUDENT AID ("FAFSA"). THE OFFICE REVIEWS THE RESULTS OF THE FAFSA, WHICH DICTATES WHAT AND HOW MUCH FEDERAL FUNDING THE INDIVIDUAL STUDENT IS ELIGIBLE FOR. IF THE STUDENT IS DETERMINED TO BE IN COMPLIANCE WITH ALL FEDERAL REGULATIONS, AS DETERMINED BY THE DEPT. OF ED., THE AID OFFICE AWARDS THE STUDENT THE APPROPRIATE FUNDING. STUDENT FILES REGARDING ELIGIBILITY ARE MAINTAINED BY THE STUDENT FINANCIAL AID OFFICE. X 1 1 X X X X 0 0 0 0 0 0 0 0 0 SHARON LATCHAW HIRSH PHD PRESIDENT 241571 0 0 0 30000 0 13800 0 12210 0 297581 0 0 0 B CHRISTOPHER DOUGHERTY PHD PROVOST/VP ACADEMIC AFFAIRS 132689 0 0 0 0 0 7952 0 12210 0 152851 0 0 0 PART I, LINE 1A THE PRESIDENT RECEIVES A MONTHLY HOUSING ALLOWANCE AND IS REQUIRED TO RESIDE IN OR NEAR ROSEMONT, PA. THE ALLOWANCE IS INCLUDED IN THE PRESIDENT'S TAXABLE INCOME AND AMOUNTED TO $30,000 FOR THE YEAR ENDED JUNE 30, 2016. PART I, LINE 3 THE EXECUTIVE COMMITTEE FULFILLS THE ROLE OF "COMPENSATION COMMITTEE" FOR REVIEW AND APPROVAL OF COMPENSATION. A EAST NORRITON TOWNSHIP INDUSTRIAL DEVELOPMENT AUTHORITY 2012-09-04 7400000 TO REFUND 2004 BONDS AND FUND ISSUANCE COSTS 0 0 0 A 730294 7400000 147646 7252354 2012 1 0 1 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 A 0 0 1 0 0 0 0 0 1 A 1 X 5 96943 CLOSING COST 0 1 1 PART I, COLUMN (B): THE NUMBER IN COLUMN B REPRESENTS THE NUMBER OF CONTRIBUTORS. PART I, LINE 32B: STOCK DONATIONS ARE TRANSFERRED TO A STOCK DONATION ACCOUNT IN THE NAME OF THE COLLEGE. THE STOCKS ARE THEN SOLD AND THE PROCEEDS ARE TRANSFERRED TO THE COLLEGE'S CASH ACCOUNT. FORM 990, PART VI, SECTION B, LINE 11 THE INFORMATION PRESENTED IN THIS RETURN WAS PREPARED BY THE CONTROLLER AND REVIEWED BY THE VICE PRESIDENT FOR FINANCE AND ADMINISTRATION. BEFORE IT WAS FINALIZED, THE COMPLETE FORM 990 PUBLIC DISCLOSURE COPY WAS LOADED ONTO THE COLLEGE'S INTRANET FOR REVIEW BY THE PRESIDENT AND MEMBERS OF THE BOARD OF TRUSTEES. THE PRESIDENT AND MEMBERS OF THE BOARD WERE NOTIFIED BY EMAIL, DIRECTED TO THE WEBSITE, AND WERE ASKED TO LOOK OVER THE INFORMATION CAREFULLY. FORM 990, PART VI, SECTION B, LINE 12C THE MEMBERS OF THE BOARD OF TRUSTEES ARE REQUIRED TO ANNUALLY DISCLOSE TO THE BOARD CHAIR ANY CONFLICTS OR POTENTIAL CONFLICTS OF INTEREST. FACULTY, ADMINISTRATION, AND STAFF ARE REQUIRED TO DISCLOSE ANY CONFLICTS OR POTENTIAL CONFLICTS OF INTEREST TO THEIR DEAN OR SUPERVISOR. VIOLATIONS OF THE POLICY ARE HANDLED IN ACCORDANCE WITH THE COLLEGE'S DOCUMENTED DISCIPLINARY PROCEDURES. THE PRESIDENT, PROVOST, AND VICE PRESIDENT FOR FINANCE AND ADMINISTRATION ARE JOINTLY RESPONSIBLE FOR MONITORING AND ENFORCING THE CONFLICT OF INTEREST POLICY. FORM 990, PART VI, SECTION B, LINE 15 POSITIONS ARE CLASSIFIED AND PAID ACCORDING TO A UNIFORM INTERNALLY-MAINTAINED SCHEDULE. BECAUSE OF BUDGET CONSTRAINTS, MOST ARE PAID BELOW NATIONAL SALARY AVERAGES OF COMPARATIVE RELIGIOUS COLLEGES/UNIVERSITIES. ROSEMONT USES CUPA-HR DATA TO VALIDATE SALARY OFFERS TO ENSURE COMPENSATION DOES NOT EXCEED FMV. 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 UPON REQUEST. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS -89,520.