2016-04-01T07:20:19-05:00 2015-06-30 MALONEY NOVOTNY LLC 1111 SUPERIOR AVENUE SUITE 700 CLEVELAND OH 44114 990 2014-07-01 340714777 URSULINE COLLEGE % DAVID STEINER URSU 4406468301 2550 LANDER ROAD PEPPER PIKE OH 44124 DAVID STEINER VP & CFO 4406468301 2016-03-31 true CHRISTOPHER B ANDERSON P00226559 2163630100 2014 2016-08-17 19:52:53Z SR DIANA P STANO OSU 2550 LANDER ROAD PEPPER PIKE OH 44124 46251394 false X WWW.URSULINE.EDU X 1871 OH THE COLLEGE OFFERS UNDERGRADUATE AND GRADUATE EDUCATION WITHIN A CATHOLIC TRADITION MARKED BY THE URSULINE HERITAGE OF EDUCATING WOMEN. 27 27 620 80 106760 54334 4397098 3841263 27602923 25711861 4536960 2295527 158762 140494 36695743 31989145 6288168 6283393 0 0 15575187 15617310 0 0 1046919 8474284 8291709 30337639 30192412 6358104 1796733 94458269 97501881 8651617 10300604 85806652 87201277 X THE MISSION OF URSULINE COLLEGE IS TO OFFER UNDERGRADUATE AND GRADUATE EDUCATION WITHIN A CATHOLIC TRADITION MARKED BY THE URSULINE HERITAGE OF EDUCATING WOMEN. EMPHASIZING ACADEMIC EXCELLENCE, THE VALUES-BASED CURRICULA PROVIDE THE FOUNDATION FOR LIBERAL ARTS AND PROFESSIONAL PROGRAMS. RESPECTING A DIVERSE STUDENT POPULATION, URSULINE OFFERS VARIED APPROACHES TO LEARNING FOR THE GROWTH OF THE WHOLE PERSON. URSULINE COLLEGE PREPARES STUDENTS FOR FURTHER EDUCATION, CAREERS, LEADERSHIP, AND SERVICE TO SOCIETY WHILE ENCOURAGING THE SEARCH FOR WISDOM. THE COLLEGE OFFERS MORE THAN 30 GRADUATE AND UNDERGRADUATE DEGREES RANGING FROM DOCTOR OF NURSE PRACTITIONER TO HISTORIC PRESERVATION. false false 27368390 6283393 25715370 THE EDUCATION OF INDIVIDUALS AT BOTH THE UNDERGRADUATE AND GRADUATE LEVEL. THE COLLEGE OFFERS MORE THAN 30 DEGREES RANGING FROM CYTOTECHNOLOGY AND INTERIOR DESIGN TO HISTORIC PRESERVATION AND DOCTOR OF NURSE PRACTITIONER. THE APPROXIMATE NUMBER OF STUDENTS WHO ATTEND THE COLLEGE IS 1,500. 27368390 true true false false false false false false false true true false false false true true true false true false false false false false true false false false true false true false false false false false false false false false false true false false false false true false false false true 53 0 true 620 true true true false false false false true true false false false false X 27 27 false false false false true true true true true false false true true true true true false true true false X DAVID STEINER 4406468301 2550 LANDER RD PEPPER PIKE OH 44124 John Newman Chair of Board 1.0 0.0 X 0 0 0 Carol Anton Trustee 0.5 0.0 X 0 0 0 Mhoire McGrath Cade Trustee 0.5 0.0 X 0 0 0 Sr Jennifer Corlett OSU Trustee 0.5 0.0 X 0 0 0 Teri Hermann Corletzi Trustee 0.5 0.0 X 0 0 0 Marcia Cuyler-Lewis Trustee 0.5 0.0 X 0 0 0 Dixie Lee Davis Trustee 0.5 0.0 X 0 0 0 Eva Dolan Trustee 0.5 0.0 X 0 0 0 Sr Susan Durkin OSU Trustee 0.5 0.0 X 0 0 0 Sr Kathleen Flanagan OSU Trustee 0.1 0.0 X 0 0 0 George Goudreau Jr Trustee 0.5 0.0 X 0 0 0 JoAnn Lane Trustee 0.5 0.0 X 0 0 0 Sr Joanne Gross OSU Trustee 0.5 0.0 X 0 0 0 Jeffrey Heinen Trustee 0.5 0.0 X 0 0 0 Mary Khouri Trustee 0.5 0.0 X 0 0 0 William Koeblitz Trustee 0.5 0.0 X 0 0 0 Sr Maureen McCarthy OSU Trustee 0.5 0.0 X 0 0 0 Janet Miller Trustee 0.5 0.0 X 0 0 0 Carl Monastra Trustee 0.5 0.0 X 0 0 0 Sr Martha Mooney OSU Trustee 0.5 0.0 X 0 0 0 Sheila Rapp Trustee 0.5 0.0 X 0 0 0 Rajanee Shendure Trustee 0.5 0.0 X 0 0 0 Michael Silvestro Trustee 0.5 0.0 X 0 0 0 Thomas G Smith Trustee 0.5 0.0 X 0 0 0 Sr Ritamary Welsh OSU Trustee 0.5 0.0 X 0 0 0 Sheryl L Zellner Trustee 0.5 0.0 X 0 0 0 Sr Diana Stano OSU President & Trustee 40.0 0.0 X X 0 0 0 JoAnne Podis VP Academic Affairs 40.0 0.0 X 129095 0 15575 Kevin Gladstone VP Institutional Advancement 40.0 0.0 X 119526 0 14187 Deanne Hurley VP Enroll.Mgmt&Student Affairs 40.0 0.0 X 115721 0 14773 David Steiner VP & CFO 40.0 0.0 X 120708 0 20819 June Gracyk VP Facilities 40.0 0.0 X 91474 0 24600 Timothy Reardon Controller 40.0 0.0 X 63676 0 22932 Timothy Kinsella Faculty 40.0 0.0 X 105584 0 6790 745784 0 119676 5 false false false ALL FOR YOU 4405 FLORIDA STREET PERRY OH 44081 JANITORIAL 353250 METZ CULINARY MANAGEMENT 2 WOODLAND DRIVE DALLAS PA 18612 DINING SERVICE 737772 VAN AUKEN AKINS ARCHITECTS 1422 EUCLID AVENUE CLEVELAND OH 44115 ARCHITECTURE 509983 BIALOSKY PARTNERS ARCHITECTS 2775 S MORELAND BLVD 3 CLEVELAND OH 44120 ARCHITECTURE 241425 ALEX N SILL 6000 LOMBARDO CENTER SEVEN HILLS OH 44131 CLAIMS MANAGEMENT 174900 8 3841263 59065 3841263 TUITION AND FEES 900099 23953597 23953597 ROOM AND BOARD 900099 1470960 1470960 BOOKSTORE 900099 25407 25407 OTHER PROGRAM REVENUE 900099 261897 261897 25711861 514947 74603 440344 0 0 118605 118605 0 118605 32157 86448 15753959 262689 14236068 0 1517891 262689 1780580 1780580 44561 26181 18380 18380 0 0 ALUMNAE SNACK BAR 900099 3509 3509 3509 31989145 25715370 106760 2325752 0 6283393 6283393 0 0 862192 349758 343364 169070 0 11640641 10840012 423529 377100 593641 531087 42385 20169 1651351 1477344 117902 56105 869485 777865 62080 29540 0 21966 21966 43500 43500 0 0 0 1854071 1722688 100275 31108 0 0 0 0 0 480220 448916 7565 23739 0 561703 409008 12680 140015 85328 75250 6342 3736 0 1421409 1254395 105099 61915 0 RECRUITMENT, PUBLICATIONS 543572 440539 91232 11801 EQUIPMENT, FURNITURE 627041 497901 108853 20287 UTILITIES 1354356 1354356 SUPPLIES 478823 465186 8065 5572 819720 440692 282266 96762 30192412 27368390 1777103 1046919 0 0 21482117 11023134 1495346 3262486 448573 390010 0 0 0 0 705518 731253 0 0 97830 130869 81934111 40631899 28315728 41302212 39111463 38115519 2388390 2217527 0 0 0 0 413304 328871 94458269 97501881 1876895 3996764 0 0 122780 128543 5620000 5085000 0 0 0 0 0 0 0 0 1031942 1090297 8651617 10300604 X 39501006 47109172 24788077 18111215 21517569 21980890 85806652 87201277 94458269 97501881 1796733 -402108 X false true X true true true X 3422872 1751700 6379544 4397098 3841263 19792477 0 0 3422872 1751700 6379544 4397098 3841263 19792477 7483899 12308578 871095 822639 856370 736511 633552 3920167 0 0 66821 22980 39991 44561 174353 23886997 135071774 0.51528 0.00000 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 42762370 475485 1603089 2351399 42489545 37105518 1020401 7163309 2526858 42762370 34829313 1190064 4942671 3856530 37105518 36009194 912785 -350688 1741978 34829313 28713299 1969779 6634652 1308536 36009194 0.21251 0.51733 0.27017 false false 179270 179270 48038258 23440738 24597520 17917188 17191161 726027 15799395 15799395 41302212 0 GOVERNMENTAL LOAN PROGRAM 1090297 1090297 25303644 -402108 -402108 25705752 6283393 6283393 31989145 23909019 23909019 6283393 6283393 30192412 INTENDED USE OF ENDOWMENT FUNDS - PART V, LINE 4: DISTRIBUTIONS FROM ENDOWMENT FUNDS ARE SPENT IN COMPLIANCE WITH THE DONOR'S RESTRICTIONS APPLICABLE TO THE FUNDS BEING DISTRIBUTED. ANNUAL DISTRIBUTIONS FROM ENDOWMENT FUNDS ARE LIMITED TO 5% OF THE AVERAGE WEIGHTED MARKET VALUE OF INVESTABLE ASSETS OF THE PAST THREE YEARS IN THE PERMANENTLY RESTRICTED FUND. EXPENDITURES ARE USED TO FURTHER THE EDUCATIONAL PURPOSES OF THE COLLEGE. FIN 48 (ASC 740) FOOTNOTE - PART X, LINE 2: THE COLLEGE IS A NON-PROFIT ORGANIZATION THAT IS TAX EXEMPT UNDER SECTION 501(c)(3) OF THE INTERNAL REVENUE CODE. ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRE MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN FOR POSSIBLE RECOGNITION AND MEASUREMENT IN THE FINANCIAL STATEMENTS BASED UPON CERTAIN PRESCRIBED CRITERIA. MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY THE COLLEGE AND HAS CONCLUDED THAT, AS OF JUNE 30, 2015, THERE ARE NO UNCERTAIN POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE SUCH RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS. THE COLLEGE'S INFORMATIONAL AND TAX RETURNS ARE SUBJECT TO EXAMINATION BY THE IRS GENERALLY FOR THREE YEARS AFTER THEY ARE FILED. OTHER CHANGES IN REVENUE - PART XI, LINE 4B: SCHOLARSHIPS RECORDED AS A REDUCTION OF TUITION REVENUE ON FINANCIAL STATEMENTS: $6,283,393 OTHER CHANGES IN EXPENSES - PART XII, LINE 4B: SCHOLARSHIPS RECORDED AS A REDUCTION OF TUITION REVENUE ON FINANCIAL STATEMENTS: $6,283,393 true true true true true true true false false false false false false false false true false true PUBLICATION OF RACIALLY NONDISCRIMINATORY POLICY - LINE 3: THE COLLEGE PUBLISHES ITS RACIALLY NONDISCRIMINATORY POLICY IN ALL LOCAL NEWSPAPERS THAT SERVE THE GENERAL COMMUNITY IN WHICH THE COLLEGE IS LOCATED. FINANCIAL AID FROM A GOVERNMENTAL AGENCY - LINE 6A: THE COLLEGE PARTICIPATES IN VARIOUS STATE AND FEDERAL STUDENT FINANCIAL ASSISTANCE PROGRAMS WHICH ARE REGULATED FOR COMPLIANCE BY VARIOUS GOVERNMENT DEPARTMENTS. THE COLLEGE AND ITS STUDENTS RECEIVED APPROXIMATELY $14.8 MILLION FOR THE YEAR ENDED JUNE 30, 2015; OF THIS AMOUNT, A SUBSTANTIAL PORTION IS UTILIZED FOR PAYMENT OF TUITION AND FEES. DURING THE COURSE OF ITS PARTICIPATION IN THE FEDERAL PERKINS LOAN PROGRAM, PERKINS NOTES RECEIVABLE ARE MADE TO STUDENTS AT A FLAT RATE ESTABLISHED BY THE DEPARTMENT OF EDUCATION, WHICH WAS FIVE PERCENT AT JUNE 30, 2015. COSTUME COLL. 29845 29845 18223 GOLF OUTING 9035 9035 4446 1 5681 5681 3512 44561 44561 26181 26181 18380 true SCHOLARSHIPS 547 6283393 MONITORING USE OF GRANT FUNDS - PART I, LINE 2: THE COLLEGE'S ONLY GRANT-MAKING ACTIVITY IS TO PROVIDE SCHOLARSHIPS TO THOSE STUDENTS THAT MEET CERTAIN FINANCIAL AND MERIT CRITERIA. THESE SCHOLARSHIPS ARE DEDUCTED FROM EACH RECIPIENT'S BILL FOR TUITION AND FEES. AS SUCH, THE COLLEGE IS ASSURED THAT ITS GRANTS ARE USED FOR THE INTENDED PURPOSE OF HELPING STUDENTS WITH EDUCATIONAL EXPENSES. A OHIO HIGHER EDUCATIONAL FACILITY COMMISSION 346849674 2009-06-15 8000000 EDUCATIONAL FACILITIES false false false A 0 0 8000000 0 0 0 94969 0 0 7905031 0 0 2010 true false true true A false true true true false 0.00000 0.00000 0.00000 true false false true A false false false true true true FIRST MERIT 5. false false false 0 false false A false X 2 59065 FMV false true true USE OF THIRD PARTIES - PART I, LINE 32B: THE COLLEGE USES A BROKER TO SELL DONATED SECURITIES. THE BROKER'S FEES ARE AT OR BELOW THE FAIR MARKET VALUE OF SUCH SERVICES. MEMBERS OF THE CORPORATION - FORM 990, PART VI, LINE 6: The members of the College are the President of the Ursuline Sisters of Cleveland and those designated by the leadership team of the Ursuline Sisters of Cleveland. MEMBERS' POWER TO ELECT BOARD MEMBERS - FORM 990, PART VI, LINE 7A: The members of the College have the power to appoint all Board Members. DECISION APPROVAL BY THE MEMBERS - FORM 990, PART VI, LINE 7B: The members of the College have approval rights over certain major decisions of the Board including change in mission, election of trustees, amendments to Articles of Incorporation or Regulations, sale of assets out of the ordinary course of business, sale of substantially all assets of the corporation, and the merger or dissolution of the corporation. REVIEW OF FORM 990 - FORM 990, PART VI, LINE 11B: After preparation of Form 990 by the independent public accountants, the Finance Committee reviews the return. After the Committee's review, the Form 990 is provided to all Board members prior to being filed. MONITORING AND ENFORCEMENT OF CONFLICT POLICY - FORM 990,PART VI,LINE 12C: The College reviews its conflict policy with the Board annually. On an on-going basis, the Committees of the Board inquire about potential conflicts based upon general knowledge of business or personal relationships among fellow Board members. The College's Finance Department also assists with reviewing transactions for which conflicts may exist. When a conflict arises, the individual with the conflict is not permitted to vote or participate in the discussion of the proposed transaction. The decision about the transaction is made by persons who are independent of the person with the conflict of interest. COMPENSATION DETERMINATION - FORM 990, PART VI, LINE 15: The Board's Finance Committee reviews the compensation provided to the President and other compensated officers annually. The Committee utilizes camparative data, and this review was last performed in 2015. The members of the Finance Committee are independent of the employees for whom compensation decisions are being made. AVAILABILITY OF DOCUMENTS - FORM 990, PART VI, LINE 19: The College does not make its financial statements, conflict of interest policy or governing documents available to the general public. URSULINE SISTERS OF CLEVELAND 2600 LANDER ROAD PEPPER PIKE OH 44124 340832279 RELIGIOUS OH 501(c)(3) 1 NA false false false false false false false false false false false false false true false false true false false false URSULINE SISTERS OF CLEVELAND M 881268 FMV URSULINE SISTERS OF CLEVELAND P 408499 FMV