2016-05-05T16:44:43-05:00 2015-06-30 420714325 RSM US LLP 221 THIRD AVENUE SE STE 300 CEDAR RAPIDS IA 524011512 990 2014-07-01 420681046 MOUNT MERCY UNIVERSITY MOUN 3193686470 1330 ELMHURST DRIVE NE CEDAR RAPIDS IA 52402 LAURIE HAMEN PRESIDENT 3193686470 2016-05-05 1 CARLEY UMSTEAD P00982177 3192985333 2014 2016-08-17 19:52:53Z LAURIE HAMEN 1330 ELMHURST DRIVE NE CEDAR RAPIDS IA 52402 57152700 0 X WWW.MTMERCY.EDU X 1928 IA PROVIDE UNDERGRADUATE AND GRADUATE HIGHER EDUCATION FOR APPROXIMATELY 1,800 STUDENTS 30 29 962 234 0 0 4686462 4367019 35079240 35593238 1224888 1391834 279036 347362 41269626 41699453 9963563 10608177 0 0 17471205 17050569 80911 66171 1231184 11785306 12640761 39300985 40365678 1968641 1333775 80950279 78943418 19459101 17331104 61491178 61612314 X CATHOLIC UNIVERSITY PROVIDING STUDENT FOCUSED BACCALAUREATE AND GRADUATE EDUCATION IN THE SPIRIT OF THE SISTERS OF MERCY. WELCOMES WOMEN AND MEN OF ALL BELIEFS TO JOIN THE COMMUNITY IN PURSUIT OF EDUCATION AND SERVICE TO THOSE IN NEED. PROMOTES REFLECTIVE JUDGMENT, STRATEGIC COMMUNICATION, THE COMMON GOOD AND PURPOSEFUL LIVING THROUGH A CORE CURRICULUM, LIBERAL ARTS AND PROFESSIONAL MAJORS AND STUDENT DEVELOPMENT PROGRAMS. STRIVE FOR EXCELLENCE IN ACCOMPLISHING OUR MISSION THROUGH FOUR INTERDEPENDENT GOALS: USING REFLECTIVE JUDGMENT, ENGAGING IN STRATEGIC COMMUNICATION, SERVING THE COMMON GOOD AND PROMOTING PURPOSEFUL LIVING. 0 0 21788464 10608177 31871576 INSTRUCTION: PROVIDE GRADUATE AND UNDERGRADUATE HIGHER EDUCATION IN PROGRAMS INCLUDING TRADITIONAL DAYTIME FORMAT, NON TRADITIONAL EVENING FORMAT AND ACCELERATED EVENING AND WEEKEND FORMAT. DEGREES GRANTED INCLUDE MFT, MSN, MBA, MSL, MCJ, AND MA IN EDUCATION (GRADUATE PROGRAMS) AND BA, BS, BAS AND BBA (UNDERGRADUATE PROGRAMS). FOR FALL OF 2014, THERE WERE 1,037 TRADITIONAL, 372 ACCELERATED AND 318 GRADUATE AND 35 ONLINE STUDENTS. TOTAL UNDERGRADUATE FTE WAS 1,190; GRADUATE FTE WAS 276. 3586886 3354772 AUXILIARY SERVICES: PROVIDE RESIDENCE HALLS WITH CAPACITY OF 450 STUDENTS, MEALS (BOARD PLANS) FOR RESIDENTIAL AND NON-RESIDENTIAL STUDENTS AND BOOKSTORE FOR TEXTBOOK PURCHASES. 2999037 366890 ACADEMIC SUPPORT: PROVIDE ACADEMIC RESOURCES TO ALL STUDENTS INCLUDING LIBRARY SERVICES, COMPUTER CENTER AND LABS, ACADEMIC ASSISTANCE AND CAMPUS MINISTRIES. 5183994 STUDENT SERVICES: ATHLETICS, HEALTH SERVICES, ADMISSIONS AND FINANCIAL AID. 5183994 33558381 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 1 0 0 0 0 1 1 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 2322 0 1 962 1 0 0 0 0 0 1 1 0 0 0 0 X 30 29 1 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 AK CO FL LA MD MI ND NH NV NY OH OK OR SC UT WA X DOUG BROCK 3193638213 1330 ELMHURST DRIVE NE CEDAR RAPIDS IA 52402 BRANDT A WORLEY CHAIR & TRUSTEE 1.00 X X 0 0 0 BARBARA A BARHAMAND VICE CHAIR & TRUSTEE 1.00 X X 0 0 0 SR MARY LOU PODZIMEK SECRETARY & TRUSTEE 1.00 X X 0 0 0 SR MARGARET WEIGEL ASSISTANT SECY & TRUSTEE 1.00 X X 0 0 0 CHARLES ROHDE IMMEDIATE PAST CHAIR & TRU 1.00 X X 0 0 0 MARTIN ANDREAS TRUSTEE 1.00 X 0 0 0 THOMAS BARBEE TRUSTEE 1.00 X 0 0 0 F JAMES BRADLEY TRUSTEE 1.00 X 0 0 0 MICHELE BUSSE TRUSTEE 1.00 X 0 0 0 TERRI CHRISTOFFERSEN TRUSTEE 1.00 X 0 0 0 LORREN COPPOCK TRUSTEE 1.00 X 0 0 0 MAGDA GOLOBIC TRUSTEE 1.00 X 0 0 0 CAMMIE GREIF TRUSTEE 1.00 X 0 0 0 SR DELORES HANNON TRUSTEE 1.00 X 0 0 0 RONALD HEROLD TRUSTEE 1.00 X 0 0 0 NANCY KASPAREK TRUSTEE 1.00 X 0 0 0 ROBERT F KAZIMOUR TRUSTEE 1.00 X 0 0 0 RICHARD KETTELKAMP TRUSTEE 1.00 X 0 0 0 BRUCE KING TRUSTEE 1.00 X 0 0 0 BARBARA KNAPP TRUSTEE 1.00 X 0 0 0 SCOTT LYNCH TRUSTEE 1.00 X 0 0 0 JANE MEYER TRUSTEE 1.00 X 0 0 0 JAMES NIKRANT TRUSTEE 1.00 X 0 0 0 H THOMAS REED TRUSTEE 1.00 X 0 0 0 JOHN RINDERKNECHT TRUSTEE 1.00 X 0 0 0 DYAN SMITH TRUSTEE 1.00 X 0 0 0 MARGEE STAMPER TRUSTEE 1.00 X 0 0 0 SR KATHY THORNTON TRUSTEE 1.00 X 0 0 0 RUTH WHITE TRUSTEE 1.00 X 0 0 0 LAURIE HAMEN PRESIDENT & TRUSTEE 40.00 X X 259734 0 31318 DOUGLAS BROCK PART-YEAR VP FINANCE & BUSINESS 40.00 X 37581 0 10448 DUFF RIDGEWAY PART-YEAR VP DEVELOPMENT & ALUMNI RE 40.00 X 115932 0 34674 ROBERT CALLAHAN VP ENROLLMENT & STUDENT SE 40.00 X 128560 0 36022 JANET HANDLER PROVOST 40.00 X 136341 0 25153 678148 0 137615 4 0 1 0 ARAMARK CORPORATION 6000 FELDWOOD ROAD COLLEGE PARK PA 30349 FOOD SERVICE 1772924 EB SOLUTIONS INC 1931 EAST AVENUE NW CEDAR RAPIDS IA 52405 CONTRACTOR 1173163 DW ZINSER COMPANY 1775 COMMERCIAL DR WALFORD IA 52351 CONTRACTOR 347184 RINDERKNECHT ASSOCIATES INC 1000 29TH AVENUE SW CEDAR RAPIDS IA 52404 CONTRACTOR 243535 IOWA-ILLINOIS TAYLOR INSULATION 3205 W 76TH STREET DAVENPORT IA 52806 CONTRACTOR 216520 9 23358 171603 4172058 195729 4367019 TUITION & FEES 611600 31588544 31588544 AUXILARY SERVICE 611710 3354772 3354772 FEES & ASSESSMENTS 611710 366890 366890 MISCELLANEOUS 611710 263028 263028 STUDENT FEES 611710 20004 20004 35593238 1031729 1031729 15323849 14963744 360105 360105 360105 20562 23358 18042 2520 2520 816303 471461 344842 344842 41699453 35593238 0 1739196 10608177 10608177 870580 752009 118571 12440381 11183516 782642 474223 616973 493261 93181 30531 2220408 1871093 249639 99676 902227 751348 108982 41897 28233 28233 29782 29782 91588 91588 66171 66171 117631 117631 3129890 2207757 890916 31217 546964 250119 296845 1028123 801265 157701 69157 695324 575640 90185 29499 370627 318735 34704 17188 118388 101007 14003 3378 510690 510690 2056591 2732134 -815551 140008 349003 38989 310014 EQUIPMENT RENTAL & MAIN 1191805 742718 424036 25051 BAD DEBT 1084894 1084894 STUDENT/ATHLETIC/FUNCTI 707552 597495 65144 44913 MEMBERSHIPS & JOURNALS 217694 95373 110967 11354 365982 189754 176111 117 40365678 33558381 5576113 1231184 3870 3725 3857516 4420946 6415763 4955163 2540369 3050367 87783 174059 463411 309921 68986951 29575256 39841342 39411695 22782620 21600701 3326911 3470317 1428733 1344563 201961 201961 80950279 78943418 3367047 3133554 487018 560400 12208913 10477580 600000 550000 2796123 2609570 19459101 17331104 X 36973603 36723104 8679384 8407330 15838191 16481880 61491178 61612314 80950279 78943418 X 1333775 -1929374 719820 -3085 X 0 1 X 1 1 1 X 2127922 4222890 4601024 4686462 4367019 20005317 2127922 4222890 4601024 4686462 4367019 20005317 5171695 14833622 550053 483613 726702 1027710 1031729 3819807 23825124 174986372 0.62260 0.78220 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 26784175 741479 -660840 918225 25946589 24159789 411738 3273382 1060734 26784175 23086145 867093 2530247 2323696 24159789 23585566 692214 -293968 897667 23086145 19641585 349299 4436641 841959 23585566 0.18000 0.64000 0.18000 0 0 2121247 2121247 51235297 19422662 31812635 11691372 8902122 2789250 3939035 1250472 2688563 39411695 ANNUITIES PAYABLE 66479 DUE TO US GOVT PROGRAM 1850861 CAPITAL LEASE AGREEMENTS 692230 2609570 X 30235552 -1929374 719820 353830 -855724 31091276 10608177 10608177 41699453 30111331 471461 471461 29639870 10725808 10725808 40365678 PART V, LINE 4: PROVIDE SCHOLARSHIPS TO STUDENTS AND SUPPORT ACADEMIC PROGRAMS AND DEPARTMENTS. PART X, LINE 2: THE UNIVERSITY IS RECOGNIZED AS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE UNIVERSITY MAY BE SUBJECT TO FEDERAL AND STATE INCOME TAXES ON ANY NET INCOME FROM UNRELATED BUSINESS ACTIVITIES. THE UNIVERSITY FILES A FORM 990 (RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX) ANNUALLY AND UNRELATED BUSINESS INCOME (UBI) IS REPORTED ON FORM 990-T, AS APPROPRIATE. MANAGEMENT HAS EVALUATED THEIR MATERIAL TAX POSITIONS, WHICH INCLUDE SUCH MATTERS AS THE TAX EXEMPT STATUS AND VARIOUS POSITIONS RELATIVE TO POTENTIAL SOURCES OF UBI. AS OF JUNE 30, 2015 AND 2014, THERE WERE NO UNCERTAIN TAX BENEFITS IDENTIFIED AND RECORDED AS A LIABILITY. FORMS 990 AND 990-T FILED BY THE UNIVERSITY ARE NO LONGER SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE FOR THE FISCAL YEARS ENDED JUNE 30, 2011 AND PRIOR. PART XI, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 471,461. INVESTMENT MANAGEMENT FEES SHOWN AS EXPENSE -117,631. PART XI, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS & GRANTS PAID 10,608,177. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD SHOWN UNDER REVENUE 471,461. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS & GRANTS PAID 10,608,177. INVESTMENT MANAGEMENT FEES SHOWN AS EXPENSE 117,631. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 EQUAL OPPORTUNITY POLICY PUBLISHED IN THE MOUNT MERCY UNIVERSITY CATALOG. SCHEDULE E, PART I, LINE 6 MOUNT MERCY UNIVERSITY RECEIVES FEDERAL AND STATE FINANCIAL AID AND GRANTS. X X X X X X X 1 RUFFALO NOEL LEVITZ 1025 PARKWAY SW CEDAR RAPIDS IA 52404 RESEARCH, MAIL, EMAIL 0 143826 66171 77654 143826 66171 77654 IA AL GA KS ME NJ NM PA RI TN WI WV AR CA CT DC HI IL KY MN MO MS NC VA AK CO FL LA MD MI ND NH NV NY OH OK OR SC UT WA AZ DE ID IN MT NE SD TX VT WY GOLF OUTING 43920 23358 20562 100 6067 5537 6338 43920 23358 20562 100 6067 5537 6338 18042 2520 1 ENDOWED SCHOLARSHIPS 292 704540 ATHLETIC SCHOLARSHIPS 318 1230175 MERIT SCHOLARSHIPS 1027 8673462 PART I, LINE 2: THE ACADEMIC PROGRESS OF FINANCIAL AID RECIPIENTS IS MONITORED A MINIMUM OF ONCE EACH ACADEMIC YEAR. STUDENTS SHOULD CONTACT THE FINANCIAL AID OFFICE WITH QUESTIONS REGARDING THE INTENT AND/OR INTERPRETATION OF THESE STANDARDS. COMPLETION RATE AND GRADE POINT AVERAGE (GPA) REQUIREMENTS FULL-TIME STUDENTS (STUDENTS ATTEMPTING 12 OR MORE CREDIT HOURS EACH SEMESTER) MUST PROGRESS ACCORDING TO THE FOLLOWING SCHEDULE: MINIMUM CREDITS MINIMUM REQUIRED SUCCESSFULLY COMPLETED CUMULATIVE GPA YEAR 1 24 1.70 YEAR 2 48 2.00 YEAR 3 72 2.00 YEAR 4 96 2.00 YEAR 5 123 2.00 THESE CREDIT HOURS MUST BE EARNED DURING THE ACADEMIC YEAR (FALL, WINTER AND SPRING). HOWEVER, IF A STUDENT DOES NOT MEET THESE REQUIRED HOURS, THEY MAY BE EARNED DURING THE FOLLOWING SUMMER SESSION(S). FAILURE TO ACHIEVE THIS STANDARD BY THE END OF THE SUMMER WILL RESULT IN THE LOSS OF FINANCIAL AID ELIGIBILITY UNTIL THE COMPLETED CUMULATIVE HOURS MEET THE MINIMUM STANDARDS. LOSS OF AID IS NOT THE SAME AS ACADEMIC SUSPENSION, WHICH IS HANDLED BY THE VICE PRESIDENT OF ACADEMIC AFFAIRS. PART-TIME STUDENTS MUST SUCCESSFULLY COMPLETE ONE-HALF OF THE CREDIT HOURS THEY ATTEMPT. COMBINED STUDENTS (STUDENTS BLENDING TERMS OF FULL- AND PART-TIME ENROLLMENT) MUST ACHIEVE A CUMULATIVE TOTAL THAT SATISFIES THE COMBINED FULL- AND PART-TIME STANDARDS. STUDENTS WHO DO NOT ACHIEVE THE MINIMUM CUMULATIVE GPA ARE GRANTED ONE PROBATIONARY SEMESTER IN WHICH TO RAISE THEIR CUMULATIVE GPA TO THE MINIMUM. FAILURE TO ACHIEVE THIS STANDARD AT ANY POINT FOLLOWING THE PROBATIONARY SEMESTER RESULTS IN THE LOSS OF FINANCIAL AID ELIGIBILITY UNTIL THE CUMULATIVE GPA MEETS THE MINIMUM STANDARDS. X X X X 1 1 X 0 0 0 0 0 0 0 0 0 LAURIE HAMEN PRESIDENT & TRUSTEE 250000 0 0 0 9734 0 15058 0 16260 0 291052 0 0 0 DUFF RIDGEWAY PART-YEAR VP DEVELOPMENT & ALUMNI RE 115833 0 0 0 99 0 7344 0 27330 0 150606 0 0 0 ROBERT CALLAHAN VP ENROLLMENT & STUDENT SE 128432 0 0 0 128 0 8100 0 27922 0 164582 0 0 0 JANET HANDLER PROVOST 135198 0 0 0 1143 0 8400 0 16753 0 161494 0 0 0 PART I, LINE 1A ON THE OFFICER'S W-2S, EXPENSES PAID FOR TRAVEL FOR COMPANIONS ARE SHOWN AS TAXABLE WAGES. THE HOUSING ALLOWANCE AND PERSONAL SERVICES IS FOR THE HOUSE THAT MOUNT MERCY UNIVERSITY OWNS AND THE PRESIDENT RESIDES IN WHERE SHE CONDUCTS SIGNIFICANT BUSINESS ACTIVITIES AND HOLDS COLLEGE RELATED ENTERTAINMENT FUNCTIONS. SOCIAL CLUB DUES PAID BY THE ORGANIZATION ARE ALLOCATED BETWEEN BUSINESS AND PERSONAL BASED ON USAGE. A LINN COUNTY IA 426004338 2010-06-18 9970000 FINANCE LAND, BLDG & EQUIPMENT 0 0 0 B LINN COUNTY IA 426004338 2013-10-01 7278476 FINANCE LAND, BLDG & EQUIPMENT 0 0 0 A 5225333 9970000 27136 9942864 2012 1 0 1 1 B 1545563 7278476 7278476 2013 1 0 1 1 A 0 0 0 0 0.00000 0.00000 0.00000 1 0 1 B 0 0 0 0 0.00000 0.00000 0.00000 1 0 1 A 0 0 1 0 1 1 US BANK 6.500000000000 0 0 0 0 0 B 0 0 1 0 1 1 US BANK 7.000000000000 0 0 0 0 0 A 1 B 1 X 22 183729 STOCK EXCHANGE X GRAND PIANO 2 12000 FMV 0 0 1 0 PART I, COLUMN (B): PART I, COLUMN (B) IS NUMBER OF CONTRIBUTIONS FORM 990, PART VI, SECTION A, LINE 2 BARBARA KNAPP, BOARD TRUSTEE AND JIM NIKRANT, BOARD TRUSTEE HAVE A FAMILY RELATIONSHIP. FORM 990, PART VI, SECTION A, LINE 6 MEMBERS CONSIST OF BOARD OF TRUSTEES AND HONORARY MEMBERS FORM 990, PART VI, SECTION A, LINE 7A MEMBERS ARE THE BOARD TRUSTEES WHO ELECT MEMBERS OF THE GOVERNING BODY. ACCORDING TO THE BY-LAWS OF THE UNIVERSITY, PRIOR TO SUBMISSION TO THE BOARD OF TRUSTEES FOR APPROVAL, NAMES FOR INTITIAL TRUSTEE SERVICE WILL BE SUBMITTED TO CONFERENCE OF MERCY HIGHER EDUCATION (CMHE). CMHE WILL HAVE THIRTY CALENDAR DAYS TO CONFIRM OR REJECT THE SUBMISSION. CONFIRMATION WILL NOT BE UNREASONABLY REFUSED. IF CMHE DOES NOT OBJECT WITHIN THIRTY DAYS OF RECEIPT OF THE SUBMISSION, THE SUBMISSION WILL BE DEEMED TO BE CONFIRMED. IN PRACTICE, CMHE HAS NOT EXERCISED THE RIGHT TO CONFIRM OR REJECT THE SUBMISSION FOR INITIAL TRUSTEE SERVICE. FORM 990, PART VI, SECTION A, LINE 7B MEMBERS ARE THE BOARD OF TRUSTEES. FORM 990, PART VI, SECTION B, LINE 11 THE FINANCE COMMITTEE REVIEWS THE 990 PRIOR TO IT BEING FILED AND VOTES TO ACCEPT IT. EACH BOARD MEMBER RECEIVES A COPY OF THE COMPLETED 990 PRIOR TO THE RETURN BEING FILED WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C EACH YEAR ALL BOARD MEMBERS AND EXECUTIVE STAFF SUBMIT THE COMPLETED COI QUESTIONNAIRE. THESE ARE REVIEWED BY THE EXECUTIVE ASSISTANT TO THE PRESIDENT. BOARD MEMBERS AND EXECUTIVE STAFF DO NOT PARTICIPATE IN DECISIONS (EITHER DISCUSSION OR VOTING) REGARDING ITEMS WITH WHICH THEY HAVE A CONFLICT OF INTEREST. FORM 990, PART VI, SECTION B, LINE 15 THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES EACH YEAR REVIEWS THE SALARY AND BENEFITS OF THE PRESIDENT, PROVOST, VICE PRESIDENT FOR FINANCE, VICE PRESIDENT FOR INSTITUTIONAL ADVANCEMENT AND VICE PRESIDENT FOR ENROLLMENT AND STUDENT AFFAIRS. AS A PART OF THE REVIEW, THE SALARIES FOR SIMILAR POSITIONS IN HIGHER EDUCATION ARE RESEARCHED AND COMPARED WITH THE SALARIES AT MOUNT MERCY IN ORDER TO DETERMINE REASONABLENESS AND COMPETITIVENESS. THE EXECUTIVE COMMITTEE EITHER APPROVES THE SALARIES OR MAKES RECOMMENDATIONS FOR ADJUSTMENTS BASED UPON THE COMPARATIVE DATA SUPPLIED. ALL COMPENSATION DECISIONS ARE CONTEMPORANEOUSLY DOCUMENTED. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS,CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS -3,085. FORM 990, PART I, LINE 6 - TOTAL NUMBER OF VOLUNTEERS IS 234 VOLUNTEERS CONSIST OF BOARD MEMBERS,VOLUNTEERS FOR PHONATHON AND VOLUNTEER COACHES FOR EM, DEVELOPMENT AND ACADEMIC AFFAIRS.