2016-04-08T13:24:22-05:00 2015-06-30 GRANT THORNTON LLP 171 N CLARK ST SUITE 200 CHICAGO IL 60601 990 2014-07-01 362182170 Resurrection University % MATTHEW HUGHES RESU 7732526464 1431 N Claremont Chicago IL 60622 Therese Scanlan CFO 7732525310 2016-04-06 true Bridget T Roche P00666837 3128560200 2014 2016-08-17 19:52:53Z Beth Brooks 1431 N Claremont Chicago IL 60622 12048494 false X www.resu.edu X 2011 IL Resurrection University is a Catholic institution of higher learning educating women and men in the field of nursing, other health sciences, and health care related fields. 15 14 91 0 0 0 567445 82286 9677165 11500556 169004 164316 -130146 10374 10283468 11757532 543378 799873 0 0 6312783 7495327 0 0 0 2416853 3145220 9273014 11440420 1010454 317112 6509074 7104305 1674554 1952673 4834520 5151632 THE UNIVERSITY IS ORGANIZED TO OPERATE EXCLUSIVELY FOR CHARITABLE, RELIGIOUS, SCIENTIFIC, AND EDUCATIONAL PURPOSES. (MISSION CONTINUED IN SCHEDULE O). false false 8766679 799873 11500556 Instruction and Student Services: Resurrection University provides higher education through undergraduate and graduate programs of study in the healthcare field. Experienced faculty emphasizes quality teaching and is dedicated to the development of individuals into knowledgeable, self-directed, responsive and caring persons. The student body is composed of 486 members. Offices servicing the students include admissions, financial aid, registrar, academic center for excellence, library, personal counselling, and career services. 8766679 true true false false false false false false false true true false false true true true true true true false false false false false false false false false true true false false false false false false false false false false false false false false false false false true 48 0 true 91 true false false false false false false false false false false X 15 14 false false false false true true true true true false false true true true true true true true true false X MATTHEW HUGHES 7732525310 1431 N CLAREMONT Chicago IL 60622 Beth A Brooks President 40.0 0.0 X X 305366 0 44057 Mary Ann Kelly Chairperson, Board Member 1.0 0.0 X 0 0 0 Sister Kathleen Stadler Vice Chairperson, Board Member 1.0 0.0 X 0 0 0 Patty Thiery Sheridan Board Member 1.0 0.0 X 0 0 0 Ellen-Marie Whelan Board Member 1.0 0.0 X 0 0 0 Joseph Hugar Board Member 1.0 0.0 X 0 0 0 Jim Croft PHD Board Member 1.0 0.0 X 0 0 0 Sunil Desai MD Board Member 1.0 0.0 X 0 0 0 Robert Christie JD Board Member 1.0 0.0 X 0 0 0 Greg Freeman Board Member 1.0 0.0 X 0 0 0 Marc Golan Board Member 1.0 0.0 X 0 0 0 Linda Ramirez Board Member 1.0 0.0 X 0 0 0 Pamela Zarkowski Board Member 1.0 0.0 X 0 0 0 Illeana Gomez Board Member 1.0 0.0 X 0 0 0 SANDRA BRUCE Board Member 1.0 0.0 X 0 0 0 Therese Scanlan EdD Chief Operating Officer 40.0 0.0 X 197106 0 30804 Sandie Soldwisch Chief Academic Officer 40.0 0.0 X 181237 0 64623 Lynda Crawford Assist. Dean - Graduate Prog. 40.0 0.0 X 111155 0 16676 Beth Holstein Associate Professor 40.0 0.0 X 102368 0 7146 Brian Bollenbacher Director of HR & IT 40.0 0.0 X 110663 0 25890 Jeri Bingham Director of Marketing 40.0 0.0 X 102944 0 12402 Matthew Hughes Director of Finance 40.0 0.0 X 103595 0 6254 1214434 0 207852 8 false true false Assessment TechnologiesATI 11161 Overbrook Road LEAWOOD KS 66211 Testing Services 196561 Campus Management 777 Yamato Road BOCA RATON FL 33431 IT Services 135219 2 15000 67286 82286 STUDENT TUITION AND FEES 11450452 11450452 SERVICE LEARNING 41797 41797 TEAS TEST REVENUES 4950 4950 OTHER STUDENT REVENUES 3357 3357 11500556 121874 121874 0 6104 6104 0 0 0 333404 290962 42442 42442 42442 0 0 0 MISCELLANEOUS OTHER 900099 4270 4270 4270 11757532 11500556 174690 0 799873 799873 0 0 729100 161930 567170 0 5619501 4575504 1043996 159974 126257 33717 537120 390828 146292 449632 323840 125792 0 0 88020 88020 58049 58049 0 0 83804 83804 901869 895269 6600 77136 16573 60563 423703 419882 3821 0 621178 496942 124236 27603 6503 21100 0 77029 47816 29213 0 0 49950 39960 9990 8965 8965 CENTRALIZED SERVICES 275890 220712 55178 EDUCATIONAL MATERIALS 93809 90231 3578 LICENSES, FEES, SUBSCRIPTIONS 59565 37852 21713 GRADUATION SUPPORT 44391 44391 254259 72316 181943 11440420 8766679 2673740 0 117726 135290 0 0 333000 238488 1180351 1370224 0 0 0 0 6906 5525 0 0 125783 123067 600901 156196 138385 444705 0 0 0 0 0 0 0 0 4606923 4787006 6509074 7104305 189326 115141 0 0 1221044 1512541 0 0 0 0 0 0 0 0 0 0 264184 324991 1674554 1952673 X 2061138 2558464 1200024 1012334 1573358 1580834 4834520 5151632 6509074 7104305 317112 X X false true X true true true X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1810798 7476 83698 10000 1891972 1678301 35795 164702 8000 60000 1810798 1616923 76128 14750 1678301 1568153 0 50020 1250 1616923 0.83600 0.16400 false true true 0 600901 156196 444705 444705 DUE FROM AFFILIATE 2418838 INVESTMENT IN FOUNDATION POOLE 2368168 4787006 0 STUDENT FUNDS 18851 DEFERRED RENT 210363 OTHER LIABILITIES 95777 324991 X 10957659 10957659 799873 799873 11757532 10640547 10640547 799873 799873 11440420 Intended Uses of Endowment Funds Schedule D, Part V, Line 4 Net assets associated with endowment funds, including funds designated to function as endowment funds, are classified and reported based on the existence or absence of donor-imposed restrictions. The endowment fund is administered by Presence Health. The University has adopted the investment and spending policies of Presence Health for its endowment Fund. The objective of these policies is to provide the University with a predictable funding stream for its programs while protecting the power of the Endowment Fund. Presence Health's investment policy represents the current consensus of the EndOwment Fund's investment philosophy and shall be reviewed from time to time to ensure that it continues to reflect the appropriate expectations, goals, and objectives for the Endowment Fund. Presence Health has intepreted Uniform Prudent Management of Institutional Funds Act (UPMIFA), as adopted and enacted by the Illinois legislature on June 30, 2009, as requiring the preservation of the fair value of the original gift as of the gift date of the donor-restricted endowment funds absent explicit donor stipulations to the contrary. As a result of this interpretation, the University classifies as permanently restricted net assets: (a) the original value of gifts donated to the permanent endowment, (b) the original value of subsequent gifts to the permanent endowment, and (c) accumulations to the permanent endowment made in accordance with the direction of the applicable donor gift instrument at the time the accumulation is added to the fund. The remaining portion of the donor-restricted endowment fund that is not classified as permanently restricted net assets is classified as temporarily restricted net assets until those amounts are appropriated for expenditure by the University in a manner consistent with the standard of prudence prescribed by the state of Illinois in its enacted version of UPMIFA. In accordance with UPMIFA, Presence Health considers the following factors in making a determination to appropriate or accumulate donor-restricted endowment funds: (1) the duration and preservation of the endowment fund, (2) the purposes of the University and the donor-restricted endowment fund, (3) general economic conditions, (4) the possible effect of inflation and deflation, (5) the expected total return from income and the appreciation of investments, (6) other resources of the University, and (7) the investment policies of Presence Health. Presence Health may appropriate for expenditure or accumulate so much of the Endowment Fund as the University determines is prudent for the uses, benefits, purposes, and duration for which the Endowment Fund is established. FIN 48 Footnote Part X The University was organized and incorporated in Illinois as a Not-for-Profit Organization in July 2011. The University has a favorable determination letter from the Internal Revenue Service as part of a group ruling, stating they are exempt from federal income taxes under Section 501(a) of the Internal Revenue Code of 1986 (IRC), as organized under Section 501(c)(3), except for income taxes pertaining to unrelated business income. The Financial Accounting Standards Board issued guidance that requires tax effects from uncertain tax positions to be recognized in the financial statements only if the position is more likely than not to be sustained if the position were to be challenged by a taxing authority. Management has determined there are no material uncertain positions that require recognition in the financial statements. Additionally, no provision for income taxes is reflected in these financial statements, and there is no interest or penalties recognized in the statements of activities or statements of financial position. The tax years ending 2012, 2013 and 2014 are still open for audit for both federal and state purposes. Supplemental Description - Other Schedule D, Part XI, Line 4b Institution Financial Aid and Foundation Scholarships recorded net on AFS, gross on 990..............................................799,873 Supplemental Description - Other Schedule D, Part XI, Line 4b Institution Financial Aid and Foundation Scholarships recorded net on AFS, gross on 990..............................................799,873 true true true true true true true false false false false false false false false true false true Publication of Racially Nondiscriminatory Policy Schedule E, Part I, Line 3 Resurrection University's policy is that of non-discrimination of the public served by the institution and with respect to the university personnel. Advertisements, publications, brochures, applications for admissions, etc., contain a statement to that effect that the college complies with the federal non-discrimination regulations, and thereby does not discriminate on the basis of race, gender, religion, color, national origin, age, sexual orientation, or handicap disability. Government Assistance Schedule E, Part I, Line 6a Resurrection University applies for and receives educational grants, as approved on a case by case basis, from federal and state agencies. The University also participates annually in federal and state financial aid programs, specifically Pell, Federal Direct Loans, and various State of Illinois scholarship and grant programs for qualified students (i.e. IL Map). The grants and loans are reported in the University's A-133 single audit. true Presidents Scholarship award 128 207500 Pres. Community Scholarship 2 2250 Res U Needs Awards 185 266984 2015 Summer Start Award 28 65000 Foglia Family Foundation Scholarship 32 142000 Hermitage Charitable Trust Scholarship 11 30000 Proviso Township Nursing Scholarship 10 57500 Proviso Township Nurse Educator Scholarship 3 15000 Distinguished Nursing Alumni Scholarship 2 5000 Distinguished Nursing Scholarship 1 5000 Procedure for Monitoring Use of Grant Funds Inside U.S. Schedule I, Part I, Line 2 The University provides scholarships to students matriculating through its programs. All funds issued to students are required to defray the cost of tuition and no student may use the funds for other than educational purposes. Since the students have no discretion in the use of the funds, the university does not need to monitor the grants once issued. X X false true false false false false false false false Beth A Brooks President 232579 0 31500 0 41287 0 35506 0 8551 0 349423 0 25200 0 Therese Scanlan EdD Chief Operating Officer 197106 0 0 0 0 0 9441 0 21363 0 227910 0 0 0 Sandie Soldwisch Chief Academic Officer 178068 0 0 0 3169 0 55490 0 9133 0 245860 0 0 0 Schedule J, Part I, Line 4b Beth Brooks - contribution made for nonqualified retirement 457 plan. Members or Stockholders Form 990, Part VI, Line 6 The University shall have one member, which shall be the Parent Corporation (the "Member"). New members may be admitted only by the written consent of the sole Member. Members or Stockholders Who May Elect Form 990, Part VI, Line 7a The annual meeting of the Member, for the purpose of approving the election of the Directors of the University of the Board and the transaction of such other business as shall properly come before the member, shall be held at such date, time, and place as shall be determined by the Chairperson of the Member, or on such other date, and at such time and place, as is determined in accordance with the Member's bylaws or by resolution of the Member's Board of Directors (the "Member Board"). The Member shall act hereunder by duly authorized resolution of the Member Board at a meeting, or by unanimous written consent without a meeting, or to the extent permitted by the Member's Bylaws and the Illinois Not For Profit Corporation Act, by duly authorized resolution or unanimous written consent of the Executive Committee of the Member, provided that the Member Board, by resolution, may delegate to the President of the Member the authority to approve certain actions consistent with the Member Board's delegation authority under the Member's Bylaws and state law. Actions by the Member shall be documented in the Member's minute book, and communicated by the Member's President or Secretary to the University President. Decisions Subject to Approval Form 990, Part VI, Line 7b The University Board shall not be authorized to act in connection with the following without the approval of the Member: Acquisition of capital assets not included in the Annual Capital Budget required pursuant to Section 7.7; The approval of a sale of significant assets, a merger, consolidation, reorganization, dissolution or liquidation with respect to the University, provided that for purposes of this Section 3.3, "significant assets" shall mean assets which are necessary for the operations of the University, unless such assets are sold in the ordinary course of business, pursuant to approved budgets, or replaced with substantially similar assets; The incurrence of any indebtedness or modification of any existing debt facility; provided, however, the University may enter into operating leases in the ordinary course of business from time to time without the consent of the Member; Invest in or acquire any debt or equity securities issued by any third party, other than investments within the guidelines of the investment policy established for the University consistent with the social responsibility and general prudent investment guidelines for all Member's affiliate corporations and routine investment of excess cash or reserves; Amend the Articles of Incorporation of the University; Set up a subsidiary of the University or otherwise enter into a joint venture with an unrelated third party, or invest in or own all or a portion of the shares, securities, or equity interest in another entity; Select or modify any business name or logo of the University, including any assumed or d/b/a names; or Take any action not in the ordinary course of the University's business or any action that may adversely impact any of the Member's rights as a member of the University, whether pursuant to the Illinois Not for Profit Corporation Act or under these Bylaws. Form 990 Review Process Form 990, Part VI, Line 11b Prior to filing the Form 990, it is reviewed and approved by the University's Finance, Audit, and Compliance committee. The review involves an in-depth presentation by University staff to the Committee. The Committee will also review the overall accuracy and completeness of the 990. Prior to filing the Form 990, the draft return is also provided to the remaining voting members of the University's Governing Body. They will review the draft return for overall accuracy and completeness. The President and CFO will also review the 990 for overall accuracy and completeness. Conflict of Interest Policy Monitoring & Enforcement Form 990, Part VI, Line 12c Any Director, Officer, committee member, or employee who has a financial or personal interest (as defined in Section 6.3 below) in a contract or other transaction presented to the University Board or a committee thereof, or to the University President or other authorized Officer for authorization, approval, or ratification, shall make a prompt and full disclosure of such interest to such authorizing body or Officer prior to such a body's or Officer's formal consideration of and action on such contract or transaction. Such disclosure shall include any relevant and material facts known to such person about the contract or transaction which might reasonably be construed to be adverse to the University's interest. If the disclosure is made to the University Board or a committee thereof by a University Board or committee member, such body shall determine, by a majority vote (at a meeting at which the person with the potential conflict is not present, except to the extent necessary to respond to questions regarding the potential conflict and does not vote), whether the disclosure shows that a conflict of interest exists or may reasonably be construed to exist. If a conflict is deemed to exist the Director or committee member having the conflict shall not vote on, nor use his or her personal influence on, nor be present or otherwise participate in, the discussions or deliberations with respect to such contract or transaction. Such person shall not be counted in determining the existence of a quorum at any meeting where the contract or transaction is under discussion. The minutes of the meeting shall reflect the disclosure made, any vote thereon and, where applicable, the abstention from voting and participation, and whether a quorum was present. Each Director, committee member, Officer, and key employee of the University shall complete an annual disclosure form as may be adopted from time to time by the University Board, for the purpose of disclosing any interest of such individual in any contract to which the University is a party or in any transaction, business relaitonship, or other matter in which the University is involved. Process for Determining Compensation Form 990, Part VI, Line 15a COMPENSATION FOR THE UNIVERSITY'S PRESIDENT IS DETERMINED AND APPROVED ANNUALLY in AN executive session of the Board of Directors IN ACCORDANCE WITH WRITTEN POLICIES AND PROCEDURES ADOPTED BY ITS BOARD OF DIRECTORS. THE UNIVERSITY USES MARKET DATA PULLED FROM COMPENSATION FIGURES OF LOCAL AND LIKE-KIND HIGHER EDUCATION INSTITUTIONS TO ESTABLISH BASE SALARIES, BENEFITS, AND TOTAL COMPENSATION OPPORTUNITIES. THE BOARD OF DIRECTORS' REVIEW PROCESS AND DOCUMENTATION ARE FORMALIZED IN A LETTER TO the Director of HR. Process for Determining Compensation Form 990, Part VI, Line 15b COMPENSATION FOR OTHER OFFICERS AND OTHER EXECUTIVES ARE REVIEWED AND APPROVED BY THE BOARD THROUGH THE ANNUAL BUDGET PROCESS. THE UNIVERSITY HAS ENGAGED WITH AN INDEPENDENT CONSULTANT TO PERFORM A THOROUGH COMPENSATION REVIEW OF THE CURRENT EXECUTIVE TEAM DURING THE CURRENT FISCAL YEAR (2015). How Documents are Made Available to the Public Form 990, Part VI, Line 19 No documents available to the public. Part III, Line 1 ORGANIZATION'S MISSION, CONTINUED THE UNIVERSITY'S PURPOSES ARE TO BE CARRIED OUT CONSISTENTLY WITH THE ETHICAL AND RELIGIOUS DIRECTIVES FOR CATHOLIC HEALTH CARE SERVICES, AS PROMULGATED FROM TIME TO TIME BY THE LOCAL ARCHBISHOP (THE "ETHICAL AND RELIGIOUS DIRECTIVES"). THE PURPOSES OF THE UNIVERSITY INCLUDE, BUT ARE NOT LIMITED TO: A) ESTABLISH, MAINTAIN, OPERATE, SUPPORT AN ACCREDITED, DEGREE-GRANTING INSTITUTION IN THE FIELD OF NURSING, AND OTHER HEALTH SCIENCES AND HEALTH CARE RELATED FIELDS; B) FACILITATE ACADEMIC EXCELLENCE AND CLINICAL COMPETENCE THROUGH GENERAL, NURSING AND OTHER HEALTH SCIENCES AND RELATED EDUCATION AND TRAINING, C) PREPARE GRADUATES TO UTILIZE THEORETICAL KNOWLEDGE AND SKILLS MEETING THE NEEDS OF INDIVIDUALS AND GROUPS IN VARIOUS HEALTH SETTINGS AND TO BECOME RESPONSIBLE HEALTH CARE PROFESSIONALS WHO EXEMPLIFY THE HIGHEST LEGAL, ETHICAL AND PROFESSIONAL STANDARDS, D) SERVE AS A RESOURCE AND TRAINING FACILITY FOR EDUCATIONAL PROGRAMMING TO SUPPORT THE GROWTH AND DEVELOPMENT OF EMPLOYEES OF THE HEALTH SYSTEM ENTITIES AFFILIATED WITH THE UNIVERSITY AND ITS MEMBER, E) EMPLOY FACULTY AND STAFF WHO ARE ACADEMICALLY AND EXPERIENTIALLY QUALIFIED AND WHO MAINTAIN EXPERTISE APPROPRIATE TO TEACHING SERVICE AND SCHOLARLY ACTIVITIES, F) ENSURE ACADEMIC EXCELLENCE THROUGH ON-GOING EVALUATION OF ITS OPERATIONS, G) PROMOTE RESEARCH RELATED IN HEALTH SCIENCES, H) PROVIDE FINANCIAL ASSISTANCE TO STUDENTS AND OTHERS BASED ON FINANCIAL NEED, WITHIN THE MEANS OF THE UNIVERSITY, I) PROMOTE AND PARTICIPATE IN AREA-WIDE HEALTH EDUCATION PLANNING AND IN THE EFFECTIVE DELIVERY OF NURSING AND OTHER HEALTH SCIENCES EDUCATION SERVICES, AND MAINTAIN APPROPRIATE RELATIONSHIPS WITH THE COMMUNITY, J) FACILITATE OPPORTUNITIES FOR STUDENTS AND FACULTY TO PARTICIPATE IN COMMUNITY ACTIVITIES FOSTERING AN APPRECIATION OF COMMUNITY INVOLVEMENT, K) RECEIVE CONTRIBUTIONS OR GRANTS FROM ANY AND ALL SOURCES TO BE USED IN FURTHERING THE FOREGOING PURPOSES, L) ACT CONSISTENTLY WITH AND IN SUPPORT OF THE MISSION AND VALUES OF THE HEALTH SYSTEM, M) ENGAGE IN AND DO ANY LAWFUL ACT CONCERNING ANY AND ALL LAWFUL BUSINESS FOR WHICH A NOT FOR PROFIT CORPORATION MAY BE ORGANIZED UNDER THE LAWS OF ILLINOIS.