2016-02-15T00:00:00-06:00 2015-06-30 390859910 BAKER TILLY VIRCHOW KRAUSE LLP 46 PUBLIC SQUARE SUITE 400 WILKESBARRE PA 18701 990 2014-07-01 240795406 MISERICORDIA UNIVERSITY MISE 5706746400 301 LAKE STREET DALLAS PA 186121090 PETER FACKLER VP, FINANCE AND ADMIN/TREAS 5706746400 2016-02-15 1 JULIUS GREEN CPA JD P00350393 5708200100 2014 2016-08-17 19:52:53Z THOMAS J BOTZMAN PHD 301 LAKE STREET DALLAS PA 186121090 90191103 0 0928 X WWW.MISERICORDIA.EDU X 1924 PA TO PROVIDE HIGHER EDUCATION SERVICES. 31 27 1488 31 485819 -49038 3668981 6169572 79263068 80876545 563914 1082301 497648 655928 83993611 88784346 21368961 22218939 0 0 32534688 34681928 0 248460 1534167 19974976 22184838 73878625 79334165 10114986 9450181 146602684 157571673 41392884 43541793 105209800 114029880 X MISSION STATEMENT: MISERICORDIA UNIVERSITY, A CATHOLIC LIBERAL ARTS INSTITUTION ESTABLISHED IN THE TRADITION OF THE SISTERS OF MERCY, FOSTERS INTELLECTUAL CURIOSITY, CRITICAL THINKING, AND RESPECT FOR PERSONS IN AN ENVIRONMENT WHERE ALL ARE WELCOME.VALUES STATEMENT: AS A COMMUNITY, WE ARE COMMITTED TO INTEGRITY AND THE VALUES OF THE SISTERS OF MERCY AS THE FOUNDATION OF UNIVERSITY LIFE. OUR VALUES ARE: MERCY THROUGH COMPASSION, LOVE AND CARING; SERVICE THROUGH SELFLESSNESS, SACRIFICE AND ACTION; JUSTICE THROUGH FAIRNESS, ACCEPTANCE AND ADVOCACY; HOSPITALITY WITH DIGNITY, RESPECT AND OPENNESS. 0 0 70001984 22218939 80358010 MISERICORDIA UNIVERSITY IS A CATHOLIC, LIBERAL ARTS-BASED, CO-EDUCATIONAL UNIVERSITY FOUNDED IN 1924 AND IT IS SPONSORED BY THE RELIGIOUS SISTERS OF MERCY. THE UNIVERSITY OFFERS UNDERGRADUATE AND GRADUATE PROGRAMS TO RESIDENT AND COMMUTER STUDENTS WHO CAN CHOOSE FROM MAJORS IN THREE DISTINCT ACADEMIC COLLEGES. THE COLLEGE OF ARTS AND SCIENCES OFFERS MAJOR DEGREE PROGRAMS IN BIOCHEMISTRY, BIOLOGY, CHEMISTRY, CLINICAL LABORATORY SCIENCE, COMMUNICATIONS, COMPUTER SCIENCE, ENGLISH, GOVERNMENT, LAW AND NATIONAL SECURITY, HISTORY, INFORMATION TECHNOLOGY, MATHEMATICS, MEDICAL SCIENCE, PHILOSOPHY, PHYSICIAN ASSISTANT STUDIES, AS WELL AS A NUMBER OF MINOR DEGREE PROGRAMS. SPECIALIZATIONS INCLUDE PRE-LAW (ENGLISH, HISTORY, PHILOSOPHY), PRE-PROFESSIONAL (BIOCHEMISTRY, CHEMISTRY), AND IT SECURITY.THE COLLEGE OF HEALTH SCIENCES OFFERS MAJOR DEGREE PROGRAMS IN HEALTH SCIENCE, NURSING, MEDICAL IMAGING, OCCUPATIONAL THERAPY, PHYSICAL THERAPY, DIAGNOSTIC MEDICAL SONOGRAPHY, MSN, RN-BSN, BSN-DNP, AND SPEECH-LANGUAGE PATHOLOGY AS WELL AS A MINOR DEGREE PROGRAM IN MANAGEMENT. CERTIFICATION PROGRAMS ARE AVAILABLE IN DIAGNOSTIC MEDICAL SONOGRAPHY, POST MASTERS FAMILY NURSE PRACTITIONER, TEACHER CERTIFICATION IN SPEECH AND LANGUAGE DISABILITIES, AND PEDIATRICS.SPECIALIZATIONS INCLUDE MANAGEMENT, NURSING LEADERSHIP, NURSING EDUCATION, FAMILY NURSE PRACTITIONER AND PEDIATRICS.THE COLLEGE OF HEALTH SCIENCES OFFERS ENTRY LEVEL PROFESSIONAL MASTER OF SCIENCE DEGREES IN OCCUPATIONAL THERAPY, PHYSICAL THERAPY, AND SPEECH-LANGUAGE PATHOLOGY; A POST-PROFESSIONAL MASTER OF SCIENCE DEGREE IN OCCUPATIONAL THERAPY; AND POST PROFESSIONAL DOCTORIAL DEGREES IN PHYSICAL THERAPY, OCCUPATIONAL THERAPY, AND NURSING PRACTICE. THE COLLEGE OF PROFESSIONAL STUDIES AND SOCIAL SCIENCES OFFERS MAJOR DEGREE PROGRAMS IN ACCOUNTING, APPLIED BEHAVIORAL SCIENCE, BUSINESS ADMINISTRATION, EARLY CHILDHOOD AND SPECIAL EDUCATION, MIDLEVEL (GRADE 4-8) EDUCATION, HEALTH CARE MANAGEMENT, PROFESSIONAL STUDIES, PSYCHOLOGY, SOCIAL WORK, AND SPORTS MANAGEMENT ALONG WITH A NUMBER OF MINOR DEGREE PROGRAMS. CERTIFICATION PROGRAMS INCLUDE ADDICTIONS COUNSELING, EDUCATION (GRADES PRE-K-4), GERIATRIC CARE MANAGER, HEALTH CARE INFORMATICS, SECONDARY EDUCATION, PACS ADMINISTRATOR, PA READING SPECIALIST (GRADES K-12), SPECIAL EDUCATION (GRADES PRE-K-8), AND READING SPECIALIST.GRADUATE PROGRAMS INCLUDE EDUCATION, HEALTH INFORMATICS, BUSINESS ADMINISTRATION, AND ORGANIZATIONAL MANAGEMENT.SPECIALIZATIONS INCLUDE ACCOUNTING, ADDICTIONS COUNSELING, CHILD WELFARE SERVICES, FORENSIC ACCOUNTING, GENERAL BUSINESS, GERONTOLOGY, HEALTH CARE MANAGEMENT, HEALTH CARE MARKETING, HUMAN RESOURCE MANAGEMENT, INFORMATION TECHNOLOGY MANAGEMENT, INSTRUCTIONAL TECHNOLOGY, MANAGEMENT, MANAGEMENT INFORMATION SYSTEMS, MARKETING, MENTAL HEALTH INTERVENTION, READING, SPECIAL EDUCATION, SPORTS MANAGEMENT AND SELECTED SEQUENCE.THE UNIVERSITY IS REGIONALLY ACCREDITED BY THE MIDDLE STATES COMMISSION ON HIGHER EDUCATION. OTHER ACCREDITING AGENCIES RECOGNIZING THE UNIVERSITY INCLUDE THE ACCREDITATION COUNCIL FOR OCCUPATIONAL THERAPY EDUCATION, COMMISSION ON ACCREDITATION IN PHYSICAL THERAPY EDUCATION, COMMISSION ON ACCREDITATION OF ALLIED HEALTH EDUCATION PROGRAMS (CAAHEP), COMMISSION ON COLLEGIATE NURSING EDUCATION, COUNCIL ON ACADEMIC ACCREDITATION IN AUDIOLOGY AND SPEECH-LANGUAGE PATHOLOGY (CAA), COUNCIL ON SOCIAL WORK EDUCATION, INTERNATIONAL ASSEMBLY FOR COLLEGIATE BUSINESS EDUCATION (IACBE), PENNSYLVANIA DEPARTMENT OF EDUCATION, THE JOINT REVIEW COMMITTEE ON EDUCATIONAL PROGRAMS IN NUCLEAR MEDICINE TECHNOLOGY, AND THE JOINT REVIEW COMMITTEE ON EDUCATION IN RADIOLOGIC TECHNOLOGY. ALSO, MISERICORDIA UNIVERSITY HAS LEGAL PERMISSION FROM THE PENNSYLVANIA STATE BOARD OF NURSE EXAMINERS TO OPERATE A SCHOOL OF NURSING IN THE COMMONWEALTH OF PENNSYLVANIA. THE MASTER'S DEGREE IN EDUCATION OFFERED BY MISERICORDIA UNIVERSITY IS FULLY APPROVED BY THE PENNSYLVANIA DEPARTMENT OF EDUCATION. THE MASTER'S DEGREE IN NURSING IS FULLY ACCREDITED BY THE COMMISSION ON COLLEGIATE NURSING EDUCATION (CCNE) OF THE AMERICAN ASSOCIATION OF COLLEGES OF NURSING (AACN). THE PROFESSIONAL MASTER'S DEGREE PROGRAM IN OCCUPATIONAL THERAPY IS FULLY ACCREDITED BY THE ACCREDITATION COUNCIL FOR OCCUPATIONAL THERAPY EDUCATION. THE ENTRY LEVEL PROGRAM IN PHYSICAL THERAPY IS FULLY ACCREDITED BY THE COMMISSION ON ACCREDITATION OF PHYSICAL THERAPY EDUCATION. THE TRANSITION DOCTOR OF PHYSICAL THERAPY PROGRAM (TDPT) AND THE OCCUPATIONAL THERAPY DOCTORAL PROGRAM (OTD) ARE FULLY APPROVED BY THE PENNSYLVANIA DEPARTMENT OF EDUCATION. THE MASTER'S DEGREE IN BUSINESS ADMINISTRATION AND THE MASTER'S DEGREE IN ORGANIZATIONAL MANAGEMENT HAVE ACCREDITATION BY THE INTERNATIONAL ASSEMBLY FOR COLLEGIATE BUSINESS EDUCATION. THE PROFESSIONAL MASTER'S DEGREE PROGRAM IN SPEECH-LANGUAGE PATHOLOGY AT MISERICORDIA UNIVERSITY IS ACCREDITED BY THE COUNCIL ON ACADEMIC ACCREDITATION IN AUDIOLOGY AND SPEECH-LANGUAGE PATHOLOGY(CAA).THE ACCREDITATION REVIEW COMMISSION ON EDUCATION FOR THE PHYSICIAN ASSISTANT (THE "ARC-PA") HAS ACCEPTED MISERICORDIA UNIVERSITY'S PLAN TO VOLUNTARILY WITHDRAW FROM THE ARC-PA ACCREDITATION PROCESS EFFECTIVE AUG. 30, 2017. UNTIL THAT TIME, THE GRADUATE PROGRAM WILL REMAIN ON ACCREDITATION PROBATION AND BE ELIGIBLE TO COMPLETE ACADEMIC INSTRUCTION TO TWO CLASSES OF GRADUATE STUDENTS AFTER WHICH TIME THE UNIVERSITY WILL BE ELIGIBLE TO REAPPLY FOR ACCREDITATION. GRADUATE STUDENTS IN THEIR DIDACTIC AND CLINICAL YEARS WILL COMPLETE THE PROGRAM AND BE ELIGIBLE TO SIT FOR THE PHYSICIAN ASSISTANT NATIONAL CERTIFYING EXAMINATION FOLLOWING COMPLETION OF THEIR STUDIES IN AUGUST 2016 AND AUGUST 2017. THE MASTER OF SCIENCE IN PHYSICIAN ASSISTANT STUDIES PROGRAM WILL NOT ACCEPT NEW STUDENTS FOR ENROLLMENT DURING THAT TIME.THE TOTAL HEADCOUNT FOR FALL 2014 INCLUDED 3,196 STUDENTS. 70001984 1 1 0 0 0 0 0 1 0 1 1 0 0 0 1 1 1 0 0 0 1 0 0 1 1 0 0 0 1 1 1 0 0 0 0 0 0 1 0 0 1 1 1 0 0 0 1 0 0 0 1 91 0 1 1488 1 1 1 0 0 0 0 1 1 0 0 0 0 X 31 27 1 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 PA X RONALD HROMISIN CONTROLLER 5706746400 301 LAKE STREET DALLAS PA 18612 MICHAEL AMORY TRUSTEE 0.20 X 0 0 0 STUART M BELL TRUSTEE (RES. 5-15) 0.20 X 0 0 0 MSGR JOHN J BENDIK TRUSTEE 0.20 X 0 0 0 CHRISTOPHER L BORTON CHAIRMAN 0.20 X X 0 0 0 JONATHAN BRASSINGTON TRUSTEE 0.20 X 0 0 0 R GREGORY COLLINS TRUSTEE 0.20 X 0 0 0 DR RUTH A CONNOLLY TRUSTEE 0.20 X 0 0 0 SCOTT DAGENAIS TRUSTEE 0.20 X 0 0 0 DR MARY ANN DILLON RSM TRUSTEE (RET. 6-15) 0.20 X 0 0 0 MARY ERWINE TRUSTEE 0.20 X 0 0 0 PATRICIA FINAN-CASTELLANO TRUSTEE 0.20 X 0 0 0 HAROLD E FLACK III TRUSTEE 0.20 X 0 0 0 THE HON TINA POLACHEK GARTLEY TRUSTEE 0.20 X 0 0 0 DR MARTHA HANLON RSM TRUSTEE 0.20 X 0 0 0 ROGER HOWELL TRUSTEE 0.20 X 0 0 0 PHILLIP JOHNSON TRUSTEE 0.20 X 0 0 0 KRISTOPHER B JONES TRUSTEE 0.20 X 0 0 0 SCOTT LYNETT TRUSTEE 0.20 X 0 0 0 MARY BETH MCNAMARA SULLIVAN TRUSTEE 0.20 X 0 0 0 SHERRY A MANETTA TRUSTEE 0.20 X 0 0 0 MARJORIE HENRY MARQUART TRUSTEE 0.20 X 0 0 0 SR CATHERINE MCGROARTY RSM TRUSTEE 0.20 X 0 0 0 JOHN C METZ TRUSTEE 0.20 X 0 0 0 DANIEL MEUSER TRUSTEE 0.20 X 0 0 0 DR MARY HELEN NUGENT RSM TRUSTEE 0.20 X 0 0 0 DR CAROL RITTNER RSM TRUSTEE 0.20 X 0 0 0 PAUL SIEGEL TRUSTEE 0.20 X 0 0 0 ROSEMARY SIGMOND TRUSTEE (RET. 6-15) 0.20 X 0 0 0 DR DEBORAH SMITH-MILESKI VICE-CHAIR 0.20 X X 0 0 0 ROBERT J SOPER TRUSTEE 0.20 X 0 0 0 DR MAYON SYLVAIN RSM TRUSTEE 0.20 X 0 0 0 MURRAY UFBERG ESQ TRUSTEE (RET. 6-15) 0.20 X 0 0 0 MARK VAN LOON ESQ TRUSTEE 0.20 X 0 0 0 WILLIAM C WILLIAMS TRUSTEE 0.20 X 0 0 0 PAUL WOELKERS TRUSTEE 0.20 X 0 0 0 THOMAS J BOTZMAN PHD PRESIDENT 40.00 X 279505 0 78355 MICHAEL MACDOWELL FORMER PRESIDENT 0.00 X 125381 0 0 ERIC NELSON VP - FIN AND ADMIN/TREASURER 40.00 X 156523 0 19711 SISTER JEAN MESSAROS RSM VP - MERCY INTEGRATION 40.00 X 0 0 15240 CAROL FAHNESTOCK ADMIN. ASST., PRES./ SECRETARY 40.00 X 51832 0 14608 SUSAN HELWIG VP - UNIV ADVANCEMENT 40.00 X 150763 0 22032 BARBARA LOFTUS VP - PLANNING, ASSESSMENT, RES. 40.00 X 135836 0 18990 GLEN TELLIS PROFESSOR 40.00 X 155886 0 16194 FRED CROOP DEAN-PROF. STUDIES & SOCIAL SCIENCES 40.00 X 135285 0 23711 MARI KING PROFESSOR 40.00 X 135245 0 22907 1326256 0 231748 24 1 1 0 METZ & ASSOCIATES LTD 301 LAKE STREET DALLAS PA 18612 FOOD SERVICE 2896746 POWER ENGINEERING CORP PO BOX 766 WILKESBARRE PA 18703 GENERAL CONSTRUCTION CONTRACTOR 1153169 CARROLL CONSTRUCTION CO PO BOX 341 DALLAS PA 18612 GENERAL CONSTRUCTION CONTRACTOR 719015 JENZABAR PO BOX 55018 BOSTON MA 02205 COMPUTER SOFTWARE 629347 BORTON LAWSON ENGINEERING 613 BALTIMORE DRIVE WILKESBARRE PA 18702 GENERAL CONSTRUCTION CONTRACTOR 347312 15 33975 856087 5279510 139167 6169572 STUDENT TUITION & FEES 611600 68683515 68683515 ROOM & BOARD 721310 11543258 11543258 BOOKSTORE 451211 587468 587468 STUDENT LOAN INT INC 523000 29702 29702 NON-CREDIT PROGRAMMING 611600 2100 2100 30502 30502 80876545 871494 871494 7800 7267 533 533 533 1589072 1378265 210807 210807 210807 13991 33975 21225 -7234 -7234 SUMMER CAMPS/CONFERENCES 611710 433822 92905 340917 CULTURAL & ALUMNI EVENTS 611710 91982 91982 STUDENT PARKING/FINES 812930 78175 78175 58650 5730 52920 662629 88784346 80358010 485819 1770945 22218939 22218939 610590 610590 25975919 22903994 2215257 856668 1726647 1549311 120392 56944 4463626 3874637 441782 147207 1905146 1679843 162473 62830 135382 135382 67800 67800 248460 248460 88753 88753 2952799 2143576 801749 7474 558716 58565 499476 675 1647722 1465812 146278 35632 1418207 520915 897292 2401921 2388385 13508 28 1237867 986545 223649 27673 194102 158673 33136 2293 1326682 1297482 29200 4537637 4371950 165687 293792 293792 FOOD SERVICE 2895462 2719267 138654 37541 COPYING EXPENSE 462597 344609 92092 25896 MEMBERSHIPS 308311 173949 121009 13353 BOOKSTORE 277284 277284 1379804 574456 793855 11493 79334165 70001984 7798014 1534167 290239 150775 17807324 7796362 2735435 3521106 1548034 1415859 364293 381862 434895 356109 136301729 51195327 84814921 85106402 32547464 50599828 2234267 2287482 3825812 5955888 146602684 157571673 2514874 3282603 2459846 2604776 16610000 34394582 15874142 0 3934022 3259832 41392884 43541793 X 67603507 74391207 21111985 20020476 16494308 19618197 105209800 114029880 146602684 157571673 X 9450181 -135173 -494928 X 0 1 X 1 1 1 X 5718303 6549801 7160206 3668981 6169572 29266863 5718303 6549801 7160206 3668981 6169572 29266863 3463685 25803178 401635 497418 233393 572865 879294 2584605 52147 41623 58823 62909 78175 293677 32145145 356968573 0.80270 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: STUDENT PARKING/FEES - 2010 AMOUNT: $ 52,147. 2011 AMOUNT: $ 41,623. 2012 AMOUNT: $ 58,823. 2013 AMOUNT: $ 62,909. 2014 AMOUNT: $ 78,175. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 47250 1331083 X 0 39366557 4296423 964203 417606 122466 44087111 30695310 5093521 4220136 548136 94274 39366557 25434408 3009325 2738572 410414 76581 30695310 24806649 1295755 -121518 414869 131609 25434408 19689944 1657949 4071030 446449 165824 24806650 0.46000 0.41000 0.13000 1 0 1240229 1240229 104123211 31529025 72594186 8622535 4268183 4354352 19655611 15398119 4257492 2660143 2660143 85106402 STUDENT DEPOSITS & ADVANCES 322167 ANNUITIES PAYABLE 69898 ADVANCE FROM FEDERAL GOVERNMENT FOR STUDENT LOANS 1710471 ASSET RETIREMENT OBLIGATIONS 59374 ACCRUED PENSION COST 1097922 3259832 X 66725692 -135173 -21951973 -22087146 88812838 -28492 -28492 88784346 57905612 83194 83194 57822418 21511747 21511747 79334165 PART III, LINE 4: THE UNIVERSITY MAINTAINS A COLLECTION OF PAINTINGS UTILIZED IN THE DECOR OF VARIOUS UNIVERSITY BUILDINGS, INCLUDING ITS ART GALLERY. THE UNIVERSITY'S ART GALLERY AND COLLECTION IS AN INTEGRAL PART OF THE FINE ARTS CURRICULUM. PART V, LINE 4: ANNUAL EARNINGS FROM THE UNIVERSITY'S ENDOWMENT ARE USED FOR THE FOLLOWING PURPOSES: 1. PRESERVATION OF THE ENDOWMENT PRINCIPAL TO PROVIDE CONTINUED EARNINGS. 2. USE OF AN ANNUALLY PRE-DETERMINED ENDOWMENT SPENDING RATE TO INCREASE FUNDS AVAILABLE FOR USE IN AWARDING ANNUAL SCHOLARSHIPS. 3. FUNDING OF A SPENDING RESERVE TO BE USED IN YEARS WHEN ANNUAL EARNINGS CANNOT SUPPORT THE PRESERVATION OF ENDOWMENT PRINCIPAL AND THE ENDOWMENT SPENDING RATE. PART X, LINE 2: THE UNIVERSITY IS TAX-EXEMPT AS A NOT-FOR-PROFIT ORGANIZATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE UNIVERSITY 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 UNIVERSITY DOES NOT BELIEVE ITS FINANCIAL STATEMENTS INCLUDE ANY UNCERTAIN TAX POSITIONS. THE UNIVERSITY'S POLICY IS TO RECOGNIZE INTEREST RELATED TO UNRECOGNIZED TAX BENEFITS IN INTEREST EXPENSE AND PENALTIES IN OPERATING EXPENSES. NO INTEREST ON PENALTIES WAS RECOGNIZED IN 2015 AND 2014. THE UNIVERSITY'S FEDERAL EXEMPT ORGANIZATION BUSINESS INCOME TAX RETURNS REMAIN SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE FOR THE YEARS SUBSEQUENT TO JUNE 30, 2012. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN SPLIT-INTEREST AGREEMENTS -33,411. MINIMUM PENSION LIABILITY ADJUSTMENT -406,815. STUDENT SCHOLARSHIPS -21,422,994. INVESTMENT FEES -88,753. PART XI, LINE 4B - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES -21,225. RENTAL EXPENSES -7,267. PART XII, LINE 2D - OTHER ADJUSTMENTS: INTEREST RATE SWAPS 54,702. FUNDRAISING EXPENSES 21,225. RENTAL EXPENSES 7,267. PART XII, LINE 4B - OTHER ADJUSTMENTS: STUDENT SCHOLARSHIPS 21,422,994. INVESTMENT EXPENSES 88,753. CENTRAL AMERICA AND THE CARIBBEAN 0 0 PROGRAM SERVICES EDUCATIONAL/VOLUNTEERISM ACTIVITIES 10737 SOUTH AMERICA 0 0 PROGRAM SERVICES EDUCATIONAL/VOLUNTEERISM ACTIVITIES 18019 SOUTH AMERICA 0 0 PROGRAM SERVICES EDUCATIONAL/VOLUNTEERISM ACTIVITIES 8261 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 PROGRAM SERVICES STUDY ABROAD 51442 EAST ASIA AND THE PACIFIC 0 1 PROGRAM SERVICES STUDY ABROAD - ADMIN 2738 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 PROGRAM SERVICES STUDY ABROAD - ADMIN 1928 0 1 0 0 0 1 93125 0 93125 0 0 0 0 0 0 X X X X X X X 1 RUFFALO NOEL LEVITZ 1025 KIRKWOOD PARKWAY SW CEDAR RAPIDS IA 52404 PHONATHON 0 126359 78000 48359 JEROLD PANAS LINZY & PARTNERS 500 NORTH MICHIGAN AVENUE CHICAGO IL 60611 CAPITAL CAMPAIGN FEASIBILITY 0 0 53001 0 MCALLISTER & QUINN LLC 1030 15TH ST NW STE 590W WASHINGTON DC 20005 SUBMISSION OF GRANTS 0 0 117459 0 126359 248460 48359 MU GOLF TOURNAMENT 47966 33975 13991 8530 5460 7235 47966 33975 13991 8530 5460 7235 21225 -7234 1 STUDENT ACADEMIC SCHOLARSHIPS 1945 22218939 N/A PART I, LINE 2: THE UNIVERSITY PROVIDES ITS STUDENTS WITH SCHOLARSHIPS THAT ARE AWARDED BASED ON VARIOUS CRITERIA. EACH STUDENT'S ELIGIBILITY IS VERIFIED PRIOR TO AWARDING A SCHOLARSHIP. THE UNIVERSITY POSTS THE GRANT DIRECTLY TO EACH STUDENT'S OUTSTANDING ACCOUNT BALANCE TO ENSURE THE PROPER USE OF AWARDED FUNDS. X X 1 1 X X X X 1 1 0 0 0 0 0 1 0 THOMAS J BOTZMAN PHD PRESIDENT 258275 0 10000 0 11230 0 45397 0 32958 0 357860 0 0 0 MICHAEL MACDOWELL FORMER PRESIDENT 0 0 0 0 125381 0 0 0 0 0 125381 0 0 0 ERIC NELSON VP - FIN AND ADMIN/TREASURER 156523 0 0 0 0 0 12596 0 7115 0 176234 0 0 0 SUSAN HELWIG VP - UNIV ADVANCEMENT 150763 0 0 0 0 0 12176 0 9856 0 172795 0 0 0 BARBARA LOFTUS VP - PLANNING, ASSESSMENT, RES. 135836 0 0 0 0 0 10731 0 8259 0 154826 0 0 0 GLEN TELLIS PROFESSOR 155886 0 0 0 0 0 9618 0 6576 0 172080 0 0 0 FRED CROOP DEAN-PROF. STUDIES & SOCIAL SCIENCES 135285 0 0 0 0 0 10169 0 13542 0 158996 0 0 0 MARI KING PROFESSOR 135245 0 0 0 0 0 11190 0 11717 0 158152 0 0 0 PART I, LINE 1A THE UNIVERSITY FURNISHES THE PRESIDENT AND HIS FAMILY WITH HOUSING OWNED BY THE UNIVERSITY, WHICH IS REQUIRED AS A CONDITION OF EMPLOYMENT. THE PRESIDENT AND HIS FAMILY WILL RESIDE IN THE HOME THROUGHOUT HIS TERM. THE HOUSE IS ALSO USED TO HOST UNIVERSITY-RELATED FUNCTIONS. THIS BENEFIT WAS NOT INCLUDED IN TAXABLE COMPENSATION AS IT QUALIFIES FOR EXCLUSION UNDER INTERNAL REVENUE CODE SECTION 119(D) DUE TO BEING REQUIRED AS A CONDITION OF EMPLOYMENT AND FOR THE CONVENIENCE OF THE EMPLOYER. THE UNIVERSITY IS RESPONSIBLE FOR PAYING THE COST OF ALL UTILITIES AND REASONABLE EXPENSES, EXCLUDING PERSONAL TELEPHONE CHARGES, INCLUDING MAINTENANCE AND RENOVATIONS TO THE PRESIDENT'S RESIDENCE AND GROUNDS. THE UNIVERSITY PAYS DUES FOR MEMBERSHIPS IN SUCH PROFESSIONAL AND COMMUNITY ASSOCIATIONS AND ORGANIZATIONS, AND FOR ATTENDANCE BY THE PRESIDENT AT CONFERENCES AND MEETINGS, AS DEEMED APPROPRIATE FOR THE PRESIDENT'S IMPLEMENTATION OF THE DUTIES OF HIS OFFICE. THIS INCLUDES MEMBERSHIP FEES TO THE WESTMORELAND CLUB AND HUNTSVILLE GOLF CLUB. THESE BENEFITS ARE NOT INCLUDED IN THE PRESIDENT'S TAXABLE COMPENSATION GIVEN THE BUSINESS NATURE SURROUNDING THESE MEMBERSHIPS. PART I, LINES 4A-B THOMAS BOTZMAN, THE PRESIDENT, PARTICIPATES IN A NON-QUALIFIED PLAN. THE UNIVERSITY CONTRIBUTED $25,000 TO THE PLAN DURING THE FISCAL YEAR. MICHAEL MACDOWELL, THE FORMER PRESIDENT, RECEIVED $125,381 DURING 2014 AS PART OF HIS SEVERANCE PACKAGE. PART I, LINE 7 THE PRESIDENT OF THE UNIVERSITY MAY RECEIVE AN INCENTIVE-BASED ANNUAL BONUS AT THE DISCRETION OF THE BOARD OF TRUSTEES. THE DECISION TO AWARD A BONUS IS BASED UPON THE PRESIDENT'S PERFORMANCE DURING THE PREVIOUS YEAR AND MEASURED AGAINST THE GOALS, OBJECTIVES, AND EXPECTATIONS MUTUALLY ESTABLISHED BY THE PRESIDENT AND THE BOARD OF TRUSTEES ANNUALLY. A THE GENERAL MUNICIPAL AUTHORITY OF THE BOROUGH OF HARVEYS LAKE 231920749 417846AA0 2008-12-18 21360000 PARTIAL REFUNDING OF PRIOR BOND ISSUE, FIN CAPITAL PROJS, PAY ISSUANCE COSTS 0 0 0 B DALLAS AREA MUNICIPAL AUTHORITY 231746641 235171AM7 2014-09-02 29617498 FULLY REFUND 2010-2012 TERM LOANS AND PARTIALLY REFUND THE 2008 BOND ISSUE. 0 0 0 A 14540000 21360000 331438 17694527 3334035 2009 1 0 1 1 B 1355000 29617498 2436491 490045 26679602 2014 1 0 1 1 A 0 0 1 1 0 0.00000 0.00000 0.00000 0 0 1 B 0 0 1 1 0 0.00000 0.00000 0.00000 0 0 1 A 0 0 0 1 1 1 PNC BANK 21.400000000000 0 1 0 0 1 B 0 1 0 0 0 0 0 0 1 A 1 B 1 DATE REBATE COMPUTATION PERFORMED ISSUER NAME: THE GENERAL MUNICIPAL AUTHORITY OF THE BOROUGH OF HARVEYS LAKE DATE THE REBATE COMPUTATION WAS PERFORMED: 02/07/2014 PER IRS INSTRUCTIONS NAMES ARE NOT PER IRS INSTRUCTIONS, INTERESTED PERSONS ARE NOT INDIVIDUALLY NAMED. 28205 TUITION ASSISTANCE EMPLOYEE BENEFITS JOHN C METZ BOARD MEMBER 2896746 FOOD SERVICE FOR THE UNIVERSITY IS PROVIDED BY METZ & ASSOCIATES, LTD. JOHN C. METZ IS THE EXECUTIVE CHAIRMAN OF METZ & ASSOCIATES, LTD AND ALSO SERVES AS A BOARD MEMBER FOR THE UNIVERSITY. THE BOARD MAINTAINS A CONFLICT OF INTEREST POLICY AND ALL TRANSACTIONS WITH METZ & ASSOCIATES, LTD ARE CONDUCTED AT ARM'S LENGTH. 0 MARK VAN LOON ESQ BOARD MEMBER 137309 LEGAL SERVICES ARE PROVIDED TO THE UNIVERSITY BY ROSENN, JENKINS, & GREENWALD, LLP. MARK VAN LOON, ESQ., A PARTNER IN THE FIRM, ALSO SERVES AS A BOARD MEMBER OF THE UNIVERSITY. THE BOARD MAINTAINS A CONFLICT OF INTEREST POLICY, AND ALL TRANSACTIONS WITH ROSENN, JENKINS, & GREENWALD, LLP ARE CONDUCTED AT ARM'S LENGTH. 0 PAUL SIEGEL BOARD MEMBER 282248 INSURANCE SERVICES ARE PROVIDED TO THE UNIVERSITY BY EASTERN INSURANCE AGENCY. PAUL SIEGEL, THE PRESIDENT OF THE INSURANCE AGENCY, ALSO SERVES AS A BOARD MEMBER OF THE UNIVERSITY. THE BOARD MAINTAINS A CONFLICT OF INTEREST POLICY, AND ALL TRANSACTIONS WITH EASTERN INSURANCE AGENCY ARE CONDUCTED AT ARM'S LENGTH. 0 CHRISTOPHER L BORTON BOARD MEMBER 347312 ENGINEERING AND ARCHITECTURAL SERVICES ARE PROVIDED TO THE UNIVERSITY BY BORTON-LAWSON ENGINEERING. CHRISTOPHER L. BORTON, THE PRESIDENT OF THE FIRM, ALSO SERVES AS A BOARD MEMBER OF THE UNIVERSITY. THE BOARD MAINTAINS A CONFLICT OF INTEREST POLICY, AND ALL TRANSACTIONS WITH BORTON-LAWSON ENGINEERING ARE CONDUCTED AT ARM'S LENGTH. 0 X 3 47250 APPRAISAL X 4 40172 NYSE X MEDICAL EQUIPMENT 1 51745 PURCHASE PRICE 3 0 1 1 PART I, COLUMN (B): THE NUMBER OF CONTRIBUTORS IS REPORTED FOR ALL GIFTS. PART I, LINE 32B: THE ORGANIZATION WORKS WITH SEVERAL BROKERAGE FIRMS. THE ORGANIZATION'S POLICY IS TO LIQUIDATE GIFTED SECURITIES IMMEDIATELY UPON RECEIPT UNLESS OTHERWISE DIRECTED BY THE DONOR. FORM 990, PART VI, SECTION A, LINE 1 THE EXECUTIVE COMMITTEE SHALL EXERCISE ALL OF THE POWERS OF THE BOARD OF TRUSTEES WHEN THE BOARD IS NOT IN SESSION, WITH THE EXCEPTION OF REMOVING OR APPOINTING THE PRESIDENT OF THE UNIVERSITY OR TAKING ANY ACTION WHICH HAS SPECIFICALLY BEEN RESERVED BY THE BOARD. FORM 990, PART VI, SECTION A, LINE 2 THE FOLLOWING RELATIONSHIPS WERE DISCLOSED AMONG BOARD MEMBERS: KRISTOPHER JONES AND ROBERT SOPER HAVE A BUSINESS RELATIONSHIP. HAROLD FLACK AND WILLIAM WILLIAMS HAVE A BUSINESS RELATIONSHIP. HAROLD FLACK AND STUART BELL HAVE A BUSINESS RELATIONSHIP. WILLIAM WILLIAMS AND MARY ERWINE HAVE A BUSINESS RELATIONSHIP. FORM 990, PART VI, SECTION A, LINE 6 THE SOLE MEMBER OF THE UNIVERSITY SHALL BE THE CONFERENCE FOR MERCY HIGHER EDUCATION, INC. FORM 990, PART VI, SECTION A, LINE 7A THE SOLE MEMBER HAS THE RIGHT TO APPOINT AND REAPPOINT TRUSTEES. FORM 990, PART VI, SECTION A, LINE 7B POWERS RESERVED FOR THE SOLE MEMBER INCLUDE: 1. CHANGES IN INSTITUTIONAL PURPOSE 2. APPOINTMENT OF A PRESIDENT OF THE UNIVERSITY 3. MERGER OR CONSOLIDATION OF THE INSTITUTION WITH ANOTHER CORPORATION 4. SALE, MORTGAGE, PURCHASE, OR LEASE OF REAL PROPERTY AFFECTING MORE THAN FIVE PERCENT OF CORPORATE ASSETS, LOANS EXCEEDING FIVE PERCENT OF CORPORATE ASSETS, AND DISPOSITION OF CORPORATE ASSETS EXCEEDING ONE PERCENT OF CORPORATE ASSETS. 5. MATTERS REQUIRED BY CANON LAW 6. APPROVAL OF AMENDMENTS TO THE BY-LAWS FORM 990, PART VI, SECTION B, LINE 11 AFTER PREPARATION, A COMPLETE COPY OF FORMS 990 AND 990-T ARE REVIEWED EXTENSIVELY BY THE UNIVERSITY'S FINANCIAL MANAGEMENT AREA IN CONSULTATION WITH THE UNIVERSITY'S INDEPENDENT TAX PROFESSIONALS. UPON COMPLETION OF THAT REVIEW PROCESS THE UNIVERSITY PROVIDES FORM 990 AND 990-T TO THE UNIVERSITY'S AUDIT COMMITTEE. THE UNIVERSITY'S AUDIT COMMITTEE IS A STANDING COMMITTEE OF THE BOARD OF TRUSTEES. AS OUTLINED IN THE AUDIT COMMITTEE CHARTER, ONE OF THE AUDIT COMMITTEE'S RESPONSIBILITIES IS TO ANNUALLY REVIEW AND APPROVE FEDERAL FORM 990 AND FORM 990-T PRIOR TO FILING. AFTER REVIEW AND APPROVAL BY THE AUDIT COMMITTEE, COPIES OF FORMS 990 AND 990-T ARE PROVIDED TO THE FULL BOARD OF TRUSTEES PRIOR TO THE FILING DUE DATE VIA A WEB-BASED SECURE LINK. FORM 990, PART VI, SECTION B, LINE 12C THE UNIVERSITY MAINTAINS A WRITTEN CONFLICT OF INTEREST POLICY COVERING ALL MEMBERS OF THE BOARD OF TRUSTEES, INSTITUTIONAL OFFICERS, FACULTY AND EMPLOYEES OF THE UNIVERSITY. A DISCLOSURE AND CONFLICT OF INTEREST FORM DETAILS INFORMATION REGARDING SUBSTANTIVE, COMPETING, BUSINESS AND FAMILIAL RELATIONSHIPS THAT MAY REPRESENT A CONFLICT OF INTEREST. ANY SUCH RELATIONSHIPS INCLUDING POSSIBLE SUBSTANTIAL BENEFITS ARE DETAILED ON THE DISCLOSURE AND CONFLICT OF INTEREST FORM. MEMBERS OF THE BOARD OF TRUSTEES ARE REQUIRED TO COMPLETE A NEW DISCLOSURE AND CONFLICT OF INTEREST FORM ANNUALLY. THE FORMS ARE REVIEWED BY THE SECRETARY OF THE BOARD OF TRUSTEES AND ANY POTENTIAL CONFLICTS ARE REVIEWED WITH THE PRESIDENT AND THE HUMAN RESOURCES DEPARTMENT AS CONSIDERED NECESSARY. BOARD MEMBERS AND OTHER OFFICERS ABSTAIN FROM ANY DECISIONS MADE BY THE BOARD WHEN A CONFLICT IS PRESENT. FORM 990, PART VI, SECTION B, LINE 15 THE UNIVERSITY'S EXECUTIVE COMMITTEE, WHICH ALSO SERVES AS THE COMPENSATION COMMITTEE, PERIODICALLY ENGAGES AN INDEPENDENT CONSULTING FIRM TO ASSIST IN DETERMINING EXECUTIVE COMPENSATION WITHIN A PRE-DETERMINED COMPENSATION PHILOSOPHY. THE FIRM'S REVIEW IS BASED UPON MARKET EVALUATION OF ITEMS INCLUDING THE UNIVERSITY'S PEER INSTITUTIONS' STATISTICS, FAIR MARKET RANGE WITHIN THE INDUSTRY, AND COMPENSATION AND BENEFITS IN COMPLIANCE WITH APPROPRIATE PROVISIONS OF THE INTERNAL REVENUE CODE. SALARY ADJUSTMENTS AND BONUSES FOR THE PRESIDENT ARE DISCUSSED AND DOCUMENTED AT THE EXECUTIVE COMMITTEE LEVEL. ALL OTHER EMPLOYEES, INCLUDING KEY EMPLOYEES, HAVE THEIR COMPENSATION DECIDED UPON DATE OF HIRE. SUBSEQUENT RAISES ARE DETERMINED BASED ON AN ANNUAL UNIVERSITY-WIDE INCREASE. FAIR MARKET COMPENSATION FOR THE INDUSTRY IS CONSIDERED IN ALL COMPENSATION DECISIONS. FORM 990, PART VI, SECTION C, LINE 19 ALTHOUGH THE UNIVERSITY DOES NOT MAKE ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ROUTINELY AVAILABLE TO THE PUBLIC, THE DOCUMENTS ARE AVAILABLE UPON REQUEST. THE UNIVERSITY'S CONFLICT OF INTEREST POLICY IS INCLUDED IN THE HUMAN RESOURCES POLICIES AND PROCEDURES MANUAL AVAILABLE ON THE UNIVERSITY'S WEBSITE. THE UNIVERSITY PROACTIVELY SUBMITS ITS FINANCIAL STATEMENTS TO THE NATIONAL ASSOCIATION OF COLLEGE AND UNIVERSITY BUSINESS OFFICERS (NACUBO) WEBSITE. IN ADDITION, THE FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9: CHANGE IN SPLIT-INTEREST AGREEMENTS -33,411. MINIMUM PENSION LIABILTY ADJUSTMENT -406,815. INTEREST RATE SWAPS -54,702. CONFERENCE FOR MERCY HIGHER EDUCATION 8380 COLESVILLE ROAD STE 300 SILVER SPRING MD 20910 SUPPORT OF CATHOLIC HIGHER ED MD 501(C)(3) LINE 1 N/A 0 PERPETUAL TRUST (1) INVESTMENTS PA PNC BANK T 0 PERPETUAL TRUST (1) INVESTMENTS PA BNY MELLON WEALTH MGT T 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0