2016-05-13T14:02:25-05:00 2015-06-30 420714325 RSM US LLP 9737 WASHINGTONIAN BLVD 400 GAITHERSBURG MD 208787340 990 2014-07-01 520591672 MOUNT SAINT MARYS UNIVERSITY MOUN 3014475353 16300 OLD EMMITSBURG ROAD EMMITSBURG MD 21727 WILLIAM E DAVIES VP BUSINESS AND FINANCE 3014475353 2016-05-12 1 WILLIAM E TURCO CPA P00369217 3012963600 2014 2016-08-17 19:52:53Z KARL EINOLF 16300 OLD EMMITSBURG ROAD EMMITSBURG MD 21727 121826174 0 0928 X WWW.MSMARY.EDU X 1808 MD MOUNT ST. MARY'S UNIVERSITY, THE SECOND OLDEST CATHOLIC UNIVERSITY IN THE U.S., (SEE SCHEDULE O), OFFERS MORE THAN 60 ACADEMIC MAJORS, MINORS, AND CONCENTRATIONS. GRADUATE PROGRAMS IN BUSINESS, EDUCATION, PHILOSOPHY, THEOLOGY AND DIVINITY ARE ALSO OFFERED ALONG WITH ACCELERATED UNDERGRADUATE PROGRAMS IN BUSINESS AND CRIMINAL JUSTICE. STUDENTS PARTICIPATE IN MORE THAN 70 CLUBS AND HONOR SOCIETIES. STUDENTS ALSO TAKE ADVANTAGE OF THE COMMUNITY SERVICE AND OUTDOOR ADVENTURE PROGRAMS THAT ARE OFFERED BOTH LOCALLY AND ABROAD. IN ADDITION, THE UNIVERSITY HAS 16 VARSITY SPORTS AT THE NCAA DIVISION 1 LEVEL. 38 37 1509 70 232271 -64934 12553295 9000995 83631051 89391368 4225560 6280292 18327 54584 100428233 104727239 27744923 30844525 0 0 31128040 33251543 0 0 1659091 33250184 33824717 92123147 97920785 8305086 6806454 168271705 167894787 88465693 88299881 79806012 79594906 X MOUNT ST. MARY'S UNIVERSITY IS A CATHOLIC UNIVERSITY COMMITTED TO EDUCATION IN THE SERVICE OF TRUTH. WE SEEK TO CULTIVATE A COMMUNITY OF LEARNERS, FORMED BY FAITH, ENGAGED IN DISCOVERY, AND EMPOWERED FOR LEADERSHIP IN THE CHURCH, PROFESSIONS AND THE WORLD. 0 0 51006641 30332586 68218178 INSTRUCTIONAL PROGRAMS FOR 2,305 STUDENTS CONSISTING OF 1,810 UNDERGRADUATE STUDENTS, 221 GRADUATE STUDENTS IN BUSINESS, 58 GRADUATE STUDENTS IN EDUCATION, 157 GRADUATE STUDENTS IN THEOLOGY, 49 GRADUATE STUDENTS IN HEALTHCARE ADMINISTRATION, AND 10 GRADUATE STUDENTS IN BIOTECHNOLOGY & MGMT. THE UNIVERSITY AWARDED A TOTAL OF 656 DEGREES COMPRISED OF 442 UNDERGRADUATE, 165 MASTERS, AND 49 THEOLOGY DEGREES. 15536786 460689 18712460 AUXILIARY ENTERPRISES WHICH IS COMPRISED OF HOUSING, DINING, POST OFFICE, VENDING, PLANT, LAUNDRY AND SECURITY. 12290029 2228459 STUDENT SERVICES FOR THE ENTIRE STUDENT BODY. THIS INCLUDES ATHLETICS, COUNSELING/HEALTH CENTER, STUDENT AFFAIRS, AND STUDENT ACTIVITIES. 3826581 ACADEMIC SUPPORT 1483738 51250 INSTITUTIONAL SUPPORT 5310319 51250 84143775 1 1 0 1 0 0 0 1 0 1 1 1 0 0 1 1 1 0 1 0 1 0 0 0 1 1 0 1 1 1 1 0 0 0 0 0 0 1 0 0 0 1 0 0 0 1 0 0 0 0 1 335 0 1 1509 1 1 1 0 0 0 0 1 1 0 0 0 0 X 38 37 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 MD X WILLIAM E DAVIES 3014475353 16300 OLD EMMITSBURG ROAD EMMITSBURG MD 21727 JOHN COYNE CHAIRMAN 15.00 X X 0 0 0 MARY D KANE VICE CHAIRMAN 10.00 X X 0 0 0 PAUL J PALMIERI SECRETARY 5.00 X X 0 0 0 MICHAEL R HOLLY TREASURER 10.00 X X 0 0 0 ANTHONY J AGNONE TRUSTEE 5.00 X 0 0 0 HON JENNIFER M ANDERSON TRUSTEE 5.00 X 0 0 0 HOWARD N BOLTE TRUSTEE 5.00 X 0 0 0 ELLEN M CALLAHAN TRUSTEE 5.00 X 0 0 0 KEVIN B CASHEN TRUSTEE 5.00 X 0 0 0 DAVID P CONAGHAN TRUSTEE 5.00 X 0 0 0 FRANCIS W DAILY JR TRUSTEE 10.00 X 0 0 0 XAVIER J DECAIRE TRUSTEE 5.00 X 0 0 0 JEREMY M ELLERMYER TRUSTEE 5.00 X 0 0 0 REV J KEVIN FARMER TRUSTEE 5.00 X 0 0 0 REV THOMAS P FERGUSON TRUSTEE 5.00 X 0 0 0 C GREGORY KALLMYER TRUSTEE 5.00 X 0 0 0 RICHARD P KIDWELL TRUSTEE 5.00 X 0 0 0 MOST REV WILLIAM E LORI TRUSTEE 10.00 X 0 0 0 MOST REV PAUL S LOVERDE TRUSTEE 5.00 X 0 0 0 ALICE ROONEY MAHONEY TRUSTEE 5.00 X 0 0 0 MOST REV W FRANCIS MALOOLY TRUSTEE 5.00 X 0 0 0 JAMES V MCAVENEY TRUSTEE 5.00 X 0 0 0 GRACELYN A MCDERMOTT TRUSTEE 5.00 X 0 0 0 SANDRA A MCMURTRIE TRUSTEE 5.00 X 0 0 0 DR FRANK P MEROLLA TRUSTEE 5.00 X 0 0 0 MSGR THOMAS J MULLELLY TRUSTEE 10.00 X 0 0 0 SCOTT J NEWKAM TRUSTEE 10.00 X 0 0 0 SUZANNE M NICHOLSON TRUSTEE 5.00 X 0 0 0 THOMAS G O'HARA TRUSTEE 10.00 X 0 0 0 REV VINCENT J O'MALLEY TRUSTEE 10.00 X 0 0 0 MARY NOEL PAGE TRUSTEE 5.00 X 0 0 0 REV MSGR JOSEPH G QUINN TRUSTEE 5.00 X 0 0 0 MARK J RIGGS TRUSTEE 5.00 X 0 0 0 THOMAS C ROGERS JR TRUSTEE 5.00 X 0 0 0 BRIAN L SMITH TRUSTEE 5.00 X 0 0 0 ROBERT J SMITH TRUSTEE 10.00 X 0 0 0 EUGENE M WALDRON JR TRUSTEE 5.00 X 0 0 0 J SCOTT WILFONG TRUSTEE 5.00 X 0 0 0 SIMON NEWMAN PRESIDENT ELECT 50.00 X 0 0 0 THOMAS H POWELL PRESIDENT 50.00 X 506168 0 78593 DAN S SOLLER EXECUTIVE VICE PRESIDENT 50.00 X 234262 0 47507 WILLIAM E DAVIES VP, BUSINESS & FINANCE 50.00 X 221326 0 34627 DAVID B REHM PROVOST 50.00 X 197386 0 17495 ROBERT J BRENNAN VP, ADVANCEMENT 50.00 X 182038 0 30618 PAULINE A ENGELSTATTER VP, UNIVERSITY AFFIARS 50.00 X 150536 0 22339 MICHAEL A POST VP, ENROLLMENT MANAGEMENT 50.00 X 145064 0 34033 MSGR STEVEN P ROHLFS VP AND RECTOR 50.00 X 107174 0 9891 KARL W EINOLF DEAN 50.00 X 172114 0 12574 JAMION A CHRISTIAN HEAD BASKETBALL COACH 50.00 X 173179 0 24557 BOBBY L FLACK CHIEF INFORMATION OFFICER 50.00 X 128818 0 23130 LEONA A SEVICK ASSOCIATE PROVOST 50.00 X 128761 0 10159 PAULA M WHETSEL-RIBEAU ASSOC PROVOST, DIVERSITY & ASSESSMENT 50.00 X 125078 0 7825 2471904 0 353348 24 0 1 0 ARAMARK HIGHER EDUCATION 24818 NETWORK PLACE CHICAGO IL 60673 DINING & MAINTENANCE SERVICES 10452859 OVIVO USA LLC 2404 RUTLAND DRIVE AUSTIN TX 78758 INSTALLATION OF MEMBRANE BIOREACTOR SYST 1060000 ROYALL & COMPANY 1920 EAST PARHAM RD RICHMOND VA 23228 STUDENT ENROLLMENT CONSULTING 665986 HERITAGE ROOFINC INC 925 MID ATLANTIC PARKWAY MARTINSBURG WV 25404 ROOF & GUTTER CONTRACTORS 431295 JERRY JUSTICE EXCAVATING INC 31 CENTER MILLS ROAD ASPERS PA 17304 PAVING CONTRACTOR 392993 16 14450 3280345 5706200 946011 9000995 TUITION & FEES 611310 68218178 68218178 AUXILIARY ENTERPRISE 611710 21090032 20940919 149113 CONFERENCES & GROUPS 611600 45732 45732 OTHER SERVICES 221000 37426 37426 89391368 2330026 2330026 84 84 20994044 17043862 3950182 3950182 3950182 76597 14450 33473 43124 43124 33060 21600 11460 11460 104727239 89159097 232271 6334876 51250 51250 30793275 30793275 2519933 422128 1935212 162593 22458449 18326094 3481060 651295 1259901 963824 253240 42837 5335499 4081657 1072435 181407 1677761 1283487 337230 57044 149636 149636 103330 103330 205644 205644 1271234 972494 255518 43222 1380479 1056067 277476 46936 2930262 2241651 588982 99629 770159 589172 154802 26185 815 623 164 28 2068452 1832649 225461 10342 1489419 1276432 162347 50640 212265 162383 42665 7217 2807937 2148072 564395 95470 6774467 6002177 738418 33872 407578 361114 44426 2038 PHYSICAL PLANT 5183391 4592484 564990 25917 DINING SERVICES 4398947 4398947 ALLOWANCES & UNCOLLECTI 221932 221932 CREDIT CARD DISCOUNT 48251 48251 3400519 2587795 690305 122419 97920785 84143775 12117919 1659091 42300 38222 16753515 16488054 3524238 2111859 1115869 1360273 2980887 2879641 134181 107912 881848 955567 207211844 118665036 88670260 88546808 35479566 38473531 11275447 9803831 7413594 7129089 168271705 167894787 5346918 5858398 6660907 5642898 60462528 58916517 15995340 17882068 88465693 88299881 X 34665101 36246610 18633688 16119155 26507223 27229141 79806012 79594906 168271705 167894787 X 6806454 -4954586 -2062974 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 0 0 0 0 1 8106 0 1 13745 21851 0 PART II-B, LINE 1: MSMU IS A MEMBER OF THE MARYLAND INDEPENDENT COLLEGE AND UNIVERSITY ASSOCIATION (MICUA). MICUA ALLOCATES A PORTION OF THE DUES ASSESSMENT TO NONDEDUCTIBLE LOBBYING AND POLITICAL EXPENDITURES. THIS REPRESENTS THE % OF DUES ALLOCATED TO THAT ACTIVITY. 689119 X X 0 47604515 1471939 902612 1674157 160334 48144575 40669602 2568349 6080135 1569422 144149 47604515 38598585 1792687 4054846 1308492 2346750 121274 40669602 42198088 332324 -1080580 1016400 1686751 148096 38598585 33636402 3935219 6734417 969695 997742 140513 42198088 0.28060 0.50070 0.21870 0 0 2004079 2004079 153074617 81158428 71916189 42509 12146 30363 37850874 29047118 8803756 14239765 8447344 5792421 88546808 MULTI-STRATEGY HEDGE FUNDS 9803831 F 9803831 ANNUNITIES PAYABLE 524309 US GOVERNMENT ADVANCES FOR STUDENT LOANS 1592202 ASSET RETIREMENT OBLIGATIONS 1612624 SWAP CONTRACTS 1895291 DEPOSITS 459320 DEFERRED COMPENSATION 253233 ACCRUED POSTRETIREMENT BENEFITS 9242981 LEASE PAYABLE 2302108 17882068 X 68773734 -4954586 -30793275 -35747861 104521595 205644 205644 104727239 66921866 0 66921866 205644 30793275 30998919 97920785 PART III, LINE 4: THE UNIVERSITY'S COLLECTION CONSISTS OF ITEMS ASSOCIATED WITH THE HISTORY OF THE UNIVERSITY AND IS MAINTAINED IN THE ARCHIVES. THERE ARE ALSO VARIOUS WORKS OF ART IN CHAPELS ACROSS CAMPUS. THIS COLLECTION PROMOTES OUR EDUCATIONAL PURPOSE BY PROVIDING HISTORICALLY SIGNIFICANT RESEARCH MATERIAL FOR STUDENTS AND PROFESSORS. PART V, LINE 4: THE UNIVERSITY'S ENDOWMENT PROVIDES FUNDS TO SUPPORT STUDENT FINANCIAL AID, FACULTY SALARIES AND THE GENERAL OPERATIONS OF THE UNIVERSITY. PART X, LINE 2: THE UNIVERSITY IS GENERALLY EXEMPT FROM FEDERAL INCOME TAXES UNDER THE PROVISIONS OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND HAS BEEN CLASSIFIED AS AN ORGANIZATION THAT IS NOT A PRIVATE FOUNDATION. THE UNIVERSITY FOLLOWS THE ACCOUNTING STANDARD ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES, WHICH ADDRESSES THE DETERMINATION OF WHETHER TAX BENEFITS CLAIMED OR EXPECTED TO BE CLAIMED ON A TAX RETURN SHOULD BE RECORDED IN THE FINANCIAL STATEMENTS. UNDER THIS GUIDANCE, THE UNIVERSITY MAY RECOGNIZE THE TAX BENEFIT FROM AN UNCERTAIN TAX POSITION ONLY IF IT IS MORE LIKELY THAN NOT THAT THE TAX POSITION WILL BE SUSTAINED ON EXAMINATION BY TAXING AUTHORITIES, BASED ON THE TECHNICAL MERITS OF THE POSITION. THE TAX BENEFITS RECOGNIZED IN THE FINANCIAL STATEMENTS FROM SUCH A POSITION ARE MEASURED BASED ON THE LARGEST BENEFIT THAT HAS A GREATER THAN 50% LIKELIHOOD OF BEING REALIZED UPON ULTIMATE SETTLEMENT. THE GUIDANCE ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES ALSO ADDRESSES DE-RECOGNITION, CLASSIFICATION, INTEREST AND PENALTIES ON INCOME TAXES, AND ACCOUNTING IN INTERIM PERIODS. MANAGEMENT EVALUATED THE UNIVERSITY'S TAX POSITIONS AND CONCLUDED THAT THE UNIVERSITY HAD TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT TO THE FINANCIAL STATEMENTS TO COMPLY WITH THE PROVISIONS OF THIS GUIDANCE. NO PROVISION FOR INCOME TAXES WAS REQUIRED FOR 2015 OR 2014. GENERALLY, THE UNIVERSITY IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS BY THE U.S. FEDERAL, STATE OR LOCAL TAX AUTHORITIES FOR YEARS BEFORE 2012. PART XI, LINE 2D - OTHER ADJUSTMENTS: SCHOLARSHIP ALLOWANCES NETTED AGAINST STUDENT REVENUE -30,793,275. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIP ALLOWANCES NETTED AGAINST STUDENT REVENUE 30,793,275. 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'S NON-DISCRIMINATION POLICY IS OPENLY REPORTED TO THE PUBLIC THROUGH THE UNIVERSITY'S WEBSITE, STUDENT CATALOGUES, EMPLOYMENT POLICIES AND PROCEDURES AND THROUGH PUBLIC RELATIONS EFFORTS. SCHEDULE E, PART I, LINE 6 THE UNIVERSITY RECEIVES MONEY FROM THE STATE OF MARYLAND THROUGH THE STATE'S SELLINGER PROGRAM. THE SELLINGER PROGRAM PROVIDES STATE FUNDING TO NON-PUBLIC INSTITUTIONS FOR STUDENT FINANCIAL AID PURPOSES. EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 PROGRAM SERVICES HIGHER EDUCATION SERVICES 278950 EAST ASIA AND THE PACIFIC 0 0 PROGRAM SERVICES HIGHER EDUCATION SERVICES 47788 0 0 0 0 0 0 326738 0 326738 0 0 0 0 0 0 TRIATHLON 31566 6500 25066 1834 15038 GOLF TOURNAMENT 15145 7950 7195 675 7047 381 5 44335 44335 3982 4516 91046 14450 76596 675 12863 19935 33473 43123 33060 2600 19000 0 33060 2600 19000 21600 11460 MD 1 0 0 0 1.00000 CONNIE BARNESKATHY FISSEL 16300 EMMITSBURG ROAD EMMITSBURG MD 21727 0 CONNIE BARNES 304 RECEIVE AND RECORD DONATIONS/MONEY FOR RAFFLES AND FUNDRAISERS. ARRANGE FOR LICENSING. ARRANGE FOR DISTRIBUTION OF GIFTS/RAFFLE ITEMS. X 0 1 ARCHDIOCESE OF BALTIMORE 320 CATHEDRAL STREET BALTIMORE MD 21201 520591535 501(C)(3) 10000 SILVER SPONSOR - ANNUAL GALA BISHOP MCDEVITT HIGH SCHOOL 125 ROYAL AVENUE WYNCOTE PA 19095 231424025 501(C)(3) 10000 MCDEVITT CAPITAL CAMPAIGN - PLEDGE PMT #5 POPE JOHN PAUL THE GREAT CATHOLIC HIGH SCHOOL 17700 DOMINICAN DRIVE DUMFRIES VA 22026 261661678 501(C)(3) 6250 SPONSORSHIP OF THE ST. THOMAS MORE STATUE WAMUAMERICAN UNIVERSITY 4400 MASSACHUSETTS AVE NW WASHINGTON DC 20016 530196549 501(C)(3) 10000 FOUNDER SPONSORSHIP OF 35TH ANNIVERSARY OF THE DIANE REHM SHOW 4 STUDENT FINANCIAL AID 1908 30793275 BOOK VALUE ASSIST WITH COST OF TUITION, ROOM AND BOARD PART I, LINE 2: THE UNIVERSITY'S USE OF GRANT FUNDS IS TO PROVIDE FINANCIAL AID TO OUR STUDENTS. WE MONITOR THE USE OF THESE UNIVERSITY FUNDS IN ACCORDANCE WITH ESTABLISHED LEVELS OF AWARDS BASED ON A STUDENT'S MERIT CLASSIFICATION AND ON AN ANNUAL BUDGET. THE UNIVERSITY FOLLOWS ALL REGULATIONS RELATIVE TO THE AWARDING OF FINANCIAL ASSISTANCE WHICH IS MONITORED BY THE FINANCIAL AID OFFICE. X X X X 1 1 X X X X 0 1 0 0 0 0 0 0 0 THOMAS H POWELL PRESIDENT 503709 0 0 0 2459 0 15600 0 63437 0 585205 0 0 0 DAN S SOLLER EXECUTIVE VICE PRESIDENT 217732 0 2300 0 14230 0 22918 0 27031 0 284211 0 0 0 WILLIAM E DAVIES VP, BUSINESS & FINANCE 199150 0 0 0 22176 0 11688 0 24669 0 257683 0 0 0 DAVID B REHM PROVOST 196481 0 0 0 905 0 11358 0 7581 0 216325 0 0 0 ROBERT J BRENNAN VP, ADVANCEMENT 170830 0 0 0 11208 0 9768 0 23178 0 214984 0 0 0 PAULINE A ENGELSTATTER VP, UNIVERSITY AFFIARS 148611 0 0 0 1925 0 8778 0 16478 0 175792 0 0 0 MICHAEL A POST VP, ENROLLMENT MANAGEMENT 144810 0 0 0 254 0 8568 0 26145 0 179777 0 0 0 KARL W EINOLF DEAN 171448 0 0 0 666 0 10074 0 4177 0 186365 0 0 0 JAMION A CHRISTIAN HEAD BASKETBALL COACH 172929 0 0 0 250 0 9768 0 16500 0 199447 0 0 0 BOBBY L FLACK CHIEF INFORMATION OFFICER 128818 0 0 0 0 0 7733 0 15716 0 152267 0 0 0 PART I, LINE 1A IT IS THE UNIVERSITY'S POLICY TO REIMBURSE EMPLOYEES FOR BUSINESS EXPENSES INCURRED BY THE EMPLOYEE TO FURTHER THE MISSION OF THE UNIVERSITY. INFREQUENTLY, IN ACCORDANCE WITH IRS GUIDELINES, THE UNIVERSITY MAY REIMBURSE AN EMPLOYEE FOR THE COST OF A SPOUSE WHO ATTENDS A FUNCTION HAVING A SIGNIFICANT ROLE OR IS INVOLVED WITH FUND-RAISING WHICH CONSTITUTES A BUSINESS PURPOSE. THE RECTOR OF THE SEMINARY IS PROVIDED ON CAMPUS HOUSING AS A CONDITION OF EMPLOYMENT FOR THE CONVENIENCE OF THE UNIVERSITY. THIS IS INCLUDED AS A NON-TAXABLE BENEFIT IN ACCORDANCE WITH IRS GUIDELINES. AS PART OF THE PRESIDENT'S EMPLOYMENT CONTRACT, THE PRESIDENT IS REQUIRED TO LIVE IN A RESIDENCE PROVIDED BY THE UNIVERSITY. MANY UNIVERSITY EVENTS ARE HELD AT THIS RESIDENCE. HOUSEKEEPING SERVICES ARE PROVIDED TO SUPPORT THESE EVENTS. HIS EMPLOYMENT CONTRACT ALSO PROVIDES FOR TRAVEL FOR HIS SPOUSE FOR UNIVERSITY RELATED BUSINESS. THE PRESIDENT PROVIDES AN ACCOUNTING OF HIS DISCRETIONARY SPENDING WHICH IS REVIEWED BY THE CHAIR OF THE AUDIT COMMITTEE OF THE BOARD OF TRUSTEES. PART I, LINE 4B THE UNIVERSITY HAS AN EMPLOYMENT CONTRACT WITH THE PRESIDENT AND THE EXECUTIVE VICE PRESIDENT. IN ACCORDANCE WITH THE TERMS OF THESE EMPLOYMENT CONTRACTS, THE UNIVERSITY HAS ESTABLISHED A NON-QUALIFIED RETIREMENT PLAN AND PROVIDES ANNUAL FUNDING TO THE PLAN WHICH IS INCLUDE AS A NON-TAXABLE BENEFIT IN ACCORDANCE WITH IRS GUIDELINES. DAN SOLLER RECEIVED A PAYMENT IN THE AMOUNT OF $10,000 FROM A SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN. THIS AMOUNT IS INCLUDED IN THE OTHER COMPENSATION OF SCHEDULE J, PART II, COLUMN B(III). A COUNTY COMMISSIONERS OF FREDERICK COUNTY 526000943 355697BL6 2006-01-12 22065000 REFUNDING OF SERIES 2001B AND CONSTRUCTION OF NEW RESIDENCE HALL 0 0 0 B COUNTY COMMISSIONERS OF FREDERICK COUNTY 526000943 355697CB7 2007-03-27 22333074 REFUNDING OF SERIES 2001A BONDS AND CAMPUS PROJECTS 0 0 0 C TOWN OF EMMITSBURG 526017142 2007-12-21 10000000 RENOVATIONS TO RESIDENCE HALL AND FINE ARTS CENTER 0 0 0 D TOWN OF EMMITSBURG 526017142 2008-12-23 10000000 RENOVATIONS TO RESIDENCE HALL AND FINE ARTS CENTER 0 0 0 A 1490000 22328868 2174047 6200000 454726 12610819 2008 0 1 1 1 B 4025000 22218074 873685 16855000 335006 4323238 2009 0 1 1 1 C 702216 10000000 79416 9920584 2010 0 0 1 1 D 791584 10000000 46829 9953171 2010 0 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 D 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 A 0 0 0 1 0 0 0 0 1 B 0 0 0 1 0 0 0 0 1 C 0 0 1 0 1 1 PNC BANK 15.000000000000 0 0 0 0 1 D 0 0 1 0 1 1 PNC BANK 21.000000000000 0 0 0 0 1 A 1 B 1 C 1 D 1 A TOWN OF EMMITSBURG 526017142 2009-12-29 1250000 RENOVATIONS TO RESIDENCE HALL 0 0 0 A 1250000 92516 1157484 2010 0 0 1 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 A 0 1 0 0 0 0 0 0 1 A 1 20000 SCHOLARSHIP TUITION X 1 10000 FMV X 32 930491 FMV X BENCH 1 5520 COST 0 1 0 FORM 990, PART VI, SECTION B, LINE 11 THE FORM 990 IS PRESENTED TO THE AUDIT COMMITTEE OF THE BOARD FOR THEIR REVIEW PRIOR TO FILING WITH THE IRS. A COPY OF THE FORM 990 IS PROVIDED TO EACH MEMBER OF THE BOARD OF TRUSTEES FOR THEIR REVIEW. FORM 990, PART VI, SECTION B, LINE 12C COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY IS MONITORED BY THE OFFICE OF THE PRESIDENT. CONFLICTS WITH MEMBERS OF THE BOARD OF TRUSTEES ARE DISCLOSED, AND DISTRIBUTED TO RELEVANT DEPARTMENTS ANNUALLY. TRANSACTIONS WITH THESE PARTIES ARE SEPARATELY REVIEWED. AN INDIVIDUAL OR TRUSTEE WITH A CONFLICT REMOVES THEMSELVES FOR THE DELIBERATIONS AND DECISION. FORM 990, PART VI, SECTION B, LINE 15A THE PRESIDENT PRESENTS A SELF-EVALUATION TO THE BOARD OF TRUSTEES BASED ON AGREED UPON PERFORMANCE GOALS. THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES REVIEW SALARY AND BENEFIT COMPARISON DATA COMPILED FROM SEVERAL SOURCES FOR INSTITUTIONS OF SIMILAR SIZE AND SCOPE. THE FULL BOARD DISCUSSES THE PRESIDENT'S PERFORMANCE AND REVIEWS THE COMPARATIVE SALARY DATA. THE EXECUTIVE COMMITTEE MAKES THE FINAL DECISION ON THE PRESIDENT'S SALARY AND DEFERRED COMPENSATION, WHICH IS COMMUNICATED TO THE FULL BOARD OF TRUSTEES. THE EXECUTIVE COMMITTEE IS COMPRISED OF INDEPENDENT MEMBERS AND THE MEETINGS ARE DOCUMENTED BY FORMAL MINUTES. FOR OTHER OFFICERS OR HIGHLY COMPENSATED EMPLOYEES, SURVEY DATA PROVIDED BY CUPA IS USED ALONG WITH COMPENSATION DATA FROM PEER ORGANIZATIONS. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS -232,566. CHANGE IN THE FAIR VALUE OF INTEREST RATE SWAP AGREEMENTS -284,609. PENSION-RELATED CHARGES OTHER THAN NET PERIODIC PENSION COST -1,545,799. THE MOUNT CLUB INC 16300 OLD EMMITSBURG ROAD LIQUOUR SALES MD 21272 520591672 LIQUOUR SALES MD MOUNT SAINT MARYS UNIVERSITY