2016-05-12T13:58:46-05:00 2015-06-30 GRANT THORNTON LLP 2001 MARKET STREET SUITE 700 PHILADELPHIA PA 19103 990 2014-07-01 231352648 Immaculata University % JENNIFER SAUER IMMA 6106474400 Catholic Conference Immaculata PA 193450631 JENNIFER SAUER VP OF FINANCE AND ADMIN 6106474400 2016-05-12 true Andrea Kyzyma P01273279 2155614200 2014 2016-08-17 19:52:53Z Sister Patricia Fadden 1145 King Rd Immaculata PA 19345 62775732 false X www.immaculata.edu X 1946 PA THE UNIVERSITY OFFERS UNDERGRADUATE AND GRADUATE PROGRAMS DIRECTED PRIMARILY TOWARD LIBERAL AND PROFESSIONAL EDUCATION. PLEASE SEE ATTACHMENT 1 FOR FURTHER DETAILS ON THE MISSION. 30 30 1721 20 165245 2468510 2283699 63104255 58445544 1033761 1397800 590852 588420 67197378 62715463 14070378 13593288 0 0 28712874 25675409 0 0 1058846 23670961 25350720 66454213 64619417 743165 -1903954 98043586 92593686 56313895 55736701 41729691 36856985 X IMMACULATA UNIVERSITY (THE UNIVERSITY) IS A CATHOLIC EDUCATIONAL INSTITUTION FOUNDED FOR WOMEN IN 1920 BY THE SISTERS, SERVANTS OF THE IMMACULATE HEART OF MARY (THE CONGREGATION). THE UNIVERSITY OFFERS UNDERGRADUATE AND GRADUATE PROGRAMS DIRECTED PRIMARILY TOWARD LIBERAL AND PROFESSIONAL EDUCATION. EFFECTIVE FALL 2005, THE UNIVERSITY EXPANDED ITS MARKET IN HIGHER EDUCATION TO INCLUDE BOTH MEN AND WOMEN IN ITS TRADITIONAL UNDERGRADUATE PROGRAM. THE UNIVERSITY OFFERS COURSES IN DISTANCE AND ONLINE INSTRUCTION IN ADDITION TO ON CAMPUS AND OFF SITE GRADUATE AND UNDERGRADUATE PROGRAMS SERVING THE ADULT LEARNER. THE UNIVERSITY, TO ATTAIN THE GOAL OF DEVELOPING THE WHOLE PERSON OF ANY FAITH WITHIN A CATHOLIC COMMUNITY, ENCOURAGES THE STUDENT TO SEE IN LIBERAL EDUCATION AN INTEGRATIVE PROCESS CONTRIBUTING TO THE FORMATION OF A TRULY EDUCATED PERSON: VALUE ORIENTED AND COMMITTED TO SEEKING THE TRUTH, PROMOTING JUSTICE, AND FOSTERING PEACE. false false 900099 41186148 13292888 51616309 To educate and provide related services to students. In the Fall of 2014, this program benefitted 3,299 of whom 1,032 were traditional undergraduate and 1,161 graduate students. This program also contributed toward the graduation of 853 students. 900099 3079056 180600 3549358 To provide living quarters for students. In the Fall of 2014, this program benefitted 468 students. 900099 5299421 119800 2603428 To provide meals to students. On an annualized basis, this program benefitted 538 students. 311437 Food Service- Catering 276541 Food Service- Cash Receipts 64488 Bookstore Commission 18983 Vending and Non Credit Workshops 671449 49564625 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 true true false false false false false false false false false false true false false false false true false false false true 106 0 true 1721 true true true false false false false true true false false false false X 30 30 false false false false false false false true true false false true true true true false true true true false PA X JENNIFER SAUER 6106474400 1145 KING RD IMMACULATA PA 19345 Sister Lorraine McGrew Trustee 2.0 0.0 X 0 0 0 Peggy A Behm Trustee 2.0 0.0 X 0 0 0 Thomas Cancelmo Trustee 2.0 0.0 X 0 0 0 Sister Marie Anselm Cooper IHM Trustee 2.0 0.0 X 0 0 0 Sister John Evelyn DiTrolio Trustee 2.0 0.0 X 0 0 0 James Gabriele Trustee 2.0 0.0 X 0 0 0 Sister Anita Patrick Gallagher IHM Trustee 2.0 0.0 X 0 0 0 Janet M Garrity CFA CTP Trustee 2.0 0.0 X 0 0 0 Dr Kathleen V Greatrex MD Trustee 2.0 0.0 X 0 0 0 Charles H Kerrigan Trustee 2.0 0.0 X 0 0 0 Barbara Lettiere Trustee 2.0 0.0 X 0 0 0 Susan McCrary Trustee 2.0 0.0 X 0 0 0 Maureen H McCullough Trustee 2.0 0.0 X 0 0 0 Sr Maureen Lawrence McDermott IHM Trustee 2.0 0.0 X 0 0 0 Dr Mary Crowley McDonald Trustee 2.0 0.0 X 0 0 0 Marion A McGowan Trustee 2.0 0.0 X 0 0 0 Sister Eileen M McGuigan IHM Trustee 2.0 0.0 X 0 0 0 Sr Rita James Murphy IHM Trustee 2.0 0.0 X 0 0 0 Sister Jeannine Mary Norton IHM Trustee 2.0 0.0 X 0 0 0 Theresa M Payton Trustee 2.0 0.0 X 0 0 0 Reverend T Christopher Redcay Trustee 2.0 0.0 X 0 0 0 Sister Stephen Anne Roderiguez IHM Trustee 2.0 0.0 X 0 0 0 Maryann Hammeke Romeo TRUSTEE 2.0 0.0 X 0 0 0 Sister Donna Shallo IHM TRUSTEE 2.0 0.0 X 0 0 0 Joseph F Wusinich III TRUSTEE 2.0 0.0 X 0 0 0 A J Gabriele Trustee Emeriti 2.0 0.0 X 0 0 0 The Honorable Thomas A Pitt Trustee Emeriti 2.0 0.0 X 0 0 0 Edward Roach Trustee Emeriti 2.0 0.0 X 0 0 0 Bernadette Maguire Trustee Emeriti 2.0 0.0 X 0 0 0 Mimi Draper-Walsh Trustee Emeriti 2.0 0.0 X 0 0 0 Sister R Patricia Fadden President 40.0 0.0 X 0 0 0 Sister Ann Heath VP Academic Affairs 40.0 0.0 X 0 0 0 Jennifer Sauer VP for Finance and Admin 40.0 0.0 X 185465 0 54440 Kevin Quinn VP of Univ. Adv. & Comm. 40.0 0.0 X 154869 0 10387 Stephen Pugliese VP Student Development & Engag 40.0 0.0 X 140742 0 10279 Sister Marie Hubert Kealy IHM Secretary 40.0 0.0 X 0 0 0 Janet Kane Asst VP Academic Affairs 40.0 0.0 X 142933 0 9124 Jed Yalof Professor 40.0 0.0 X 150133 0 7611 Kerry Jones Dir Capital Program Mgmt 40.0 0.0 X 143482 0 9644 Thomas O'Brien Dean 40.0 0.0 X 126173 0 5905 Dennis Shores Director of Admin Services 40.0 0.0 X 123617 0 5912 1167414 0 113302 16 false true false KINSLEY CONSTRUCTION INC POBOX 2886 YORK PA 17405 CONSTURCTION MGMT 2981753 Independence Blue Cross 1901 Market St 28th floor PHILADELPHIA PA 19103 Health Insurance 2765069 ARAMARK CORPORATION POBOX 198532 ATLANTA GA 30384 Campus Serv/Fac Mgmt 2358955 ELLUCIAN COMPANY 2300 MAITLAND CENTER PKWY MAITLAND FL 32751 CONSULTANT 2241176 Sisters of IHM - VMHS 1140 King Rd IMMACULATA PA 19345 Student Teaching 849592 24 57689 933626 1292384 2283699 TUITION / FEES 900099 51621309 51621309 RESIDENT HALLS 900099 3549358 3549358 STUDENT BOARD PLAN 900099 2603428 2603428 FOOD SVCS-CATERING 900099 311437 311437 IU CASH RECEIPTS 900099 276541 276541 83471 83471 58445544 1397800 1397800 0 0 343431 32486 310945 0 310945 310945 0 27783 57689 27783 0 0 0 PARKING FEE/PERMITS 812930 60585 60585 FORFEIT STUDENT DEPOSITS 900099 23740 23740 TRANSCRIPT INCOME 900099 18138 18138 175012 9767 165245 277475 62715463 58557774 165245 1708745 0 13593288 13593288 0 0 767635 153527 437552 176556 0 19429814 16776259 2125793 527762 1074942 746565 287531 40846 2880829 2102450 671026 107353 1522189 1249284 224255 48650 0 51076 51076 135170 135170 0 0 0 68129 68129 1122154 310755 798758 12641 5172326 3781439 1339425 51462 3513899 32304 3481595 0 0 341935 197958 129812 14165 0 3230500 1858641 1339051 32808 1904970 1333479 571491 0 8436999 6496489 1940510 559756 310216 249540 EQUIPMENT RENTAL & MAINT 580789 447208 133581 SISTERS RESIDENCE EXPENSE 233017 174763 11651 46603 64619417 49564625 13995946 1058846 2731306 2469609 0 0 75648 0 1698917 1986257 0 0 0 0 462649 458819 0 0 827287 800609 133457591 74818163 60746818 58639428 30737395 27521832 0 0 0 0 0 0 763566 717132 98043586 92593686 3467442 2553712 0 0 2484256 2788494 40260442 39831891 0 0 0 0 7901662 7962145 0 0 2200093 2600459 56313895 55736701 X 25194377 19936966 9239984 9372866 7295330 7547153 41729691 36856985 98043586 92593686 -1903954 -580795 -191648 -2196309 X false true X true true true X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 17430461 251823 613165 249450 600377 17445622 15793610 213817 2153531 209880 520617 17430461 14145578 396185 1974674 214794 508033 15793610 14732085 359684 -242809 216235 487147 14145578 12499547 230185 2661982 186113 473516 14732085 0.34240 0.43260 0.22500 false false 212719 212719 99018282 49167442 49850840 1167536 1064234 103302 33059054 24586487 8472567 58639428 0 CONDITIONAL ASSET RETIREMENT 2232657 STUDENT DEPOSITS 367802 2600459 X 49732049 -580795 1349831 32486 801522 48930527 191648 13593288 13784936 62715463 52408446 1349831 32486 1382317 51026129 13593288 13593288 64619417 Intended use of endowment fund Schedule D, Part V, Line 4 The University's endowment consists of approximately 45 individual funds established for a variety of purposes including scholarships, faculty development and general operations. FIN 48 Disclosure (ASC 740) SCHEDULE D, PART X The University is qualified as a not-for-profit organization under Section 501(c)(3) of the Internal Revenue Code, as amended. Accordingly, the University is not subject to income taxes except to the extent it has taxable income from activities that are not related to its exempt purpose. The University recognizes the effect of income tax positions, if any, only if those positions are more likely than not of being sustained. No provision for income taxes was required for fiscal year 2015 or 2014. Reconciliation of Revenue - Other SCHEDULE D, PART XI, LINE 2D RENTAL EXPENSE $32,486 Reconciliation of Revenue - Other SCHEDULE D, PART XI, LINE 4B SCHOLARSHIP TUITION DISCOUNT $13,292,888 RESIDENT ASSISTANT DISCOUNTS $300,400 ----------- $13,593,288 Reconciliation of Expense - Other SCHEDULE D, PART XII, LINE 2D RENTAL EXPENSE RECLASSED TO REVENUE $32,486 Reconciliation of Revenue - Other SCHEDULE D, PART XII, LINE 4B SCHOLARSHIP TUITION DISCOUNT $13,292,888 RESIDENT ASSISTANT DISCOUNTS $300,400 ----------- $13,593,288 true true true true true true true false false false false false false false false true false true Schedule E, Part I, Line 3 THE UNIVERSITY PROVIDES A STATEMENT IN ALL PUBLICATIONS REGARDING ITS NONDISCRIMINATORY POLICY. Schedule E, Part I, Line 6a FEDERAL AND STATE GRANTS Golf Tournament 85472 57689 27783 5525 20968 1290 0 85472 57689 27783 5525 20968 1290 27783 true Scholarships to Various Students 1008 13593288 FMV Scholarships/Fin Aid Schedule I, Part I, Line 2 GRANTS ISSUED BY IMMACULATA UNIVERSITY ARE PRIMARILY IN THE FORM OF SCHOLARSHIP AND GRANTS AWARDED AS PART OF FINANCIAL AID. FINANCIAL AID GRANTS AWARDED TO STUDENTS ARE DIRECTLY APPLIED BY THE UNIVERSITY TO OFFSET BILLED AMOUNTS (I.E. TUITION) ON THE STUDENT'S ACCOUNT, THEREBY REDUCING THE NET BALANCE DUE TO THE UNIVERSITY. STUDENTS RECEIVING SCHOLARSHIPS ARE ASSESSED ON THE BASIS OF ACADEMIC ACHIEVEMENTS, FINANCIAL NEEDS, AND SIMILAR STANDARDS. false false false false false false false false false Jennifer Sauer VP for Finance and Admin 185465 0 0 0 0 0 12600 0 41840 0 239905 0 0 0 Kevin Quinn VP of Univ. Adv. & Comm. 154869 0 0 0 0 0 10264 0 123 0 165256 0 0 0 Stephen Pugliese VP Student Development & Engag 140742 0 0 0 0 0 9281 0 998 0 151021 0 0 0 Janet Kane Asst VP Academic Affairs 142933 0 0 0 0 0 9001 0 123 0 152057 0 0 0 Jed Yalof Professor 150133 0 0 0 0 0 7488 0 123 0 157744 0 0 0 Kerry Jones Dir Capital Program Mgmt 143482 0 0 0 0 0 9521 0 123 0 153126 0 0 0 Schedule J, Part I, Line 3 SISTER PATRICIA FADDEN, IHM, PRESIDENT OF IMMACULATA UNIVERSITY IS A MEMBER OF THE SISTERS, SERVANTS OF THE IMMACULATE HEART OF MARY RELIGIOUS CONGREGATION AND DOES NOT RECEIVE COMPENSATION FOR THIS SERVICE IN KEEPING WITH HER STATED VOW OF POVERTY. THE COMPENSATION OF ALL OFFICERS OF THE UNIVERSITY IS REVIEWED AND APPROVED ANNUALLY BY THE BOARD OF TRUSTEES. SALARY DATA IS GATHERED FROM INDUSTRY PUBLICATIONS, HIGHER EDUCATION ASSOCIATIONS AND PEER UNIVERSITIES TO BENCHMARK COMPENSATION ON AN ANNUAL BASIS. COMPENSATION IS SET WITHIN THE CONSTRAINTS OF THE BOARD OF TRUSTEES' APPROVED OPERATING BUDGET. SALARY DATA IS GATHERED FROM ESTABLISHED BENCHMARKS FOR UNIVERSITY EXECUTIVE ADMINISTRATORS. THIS PROCESS IS REVIEWED ANNUALLY BY THE VP FOR FINANCE AND ADMINSTRATION. THE FOLLOWING TRUSTEES OF IMMACULATA UNIVERSITY'S BOARD OF TRUSTEES ARE MEMBERS OF THE SISTERS, SERVANTS OF THE IMMACULATE HEART OF MARY RELIGIOUS CONGREGATION AND DO NOT RECEIVE COMPENSATION FOR THIS SERVICE IN KEEPING WITH THEIR STATED VOW OF POVERTY: Sister Lorraine McGrew, IHM Sister Marie Anselm Cooper, IHM Sister John Evelyn DiTrolio, IHM Sister Anita Patrick Gallagher, IHM Sister Maureen Lawrence McDermott, IHM Sister Eileen M. McGuigan, IHM Sister Rita James Murphy, IHM SISTER JEANNINE MARY NORTON, IHM SISTER STEPHEN ANNE RODERIGUEZ, IHM Sister Donna Shallo, IHM THE FOLLOWING OFFICERS OF IMMACULATA UNIVERSITY ARE MEMBERS OF THE SISTERS, SERVANTS OF THE IMMACULATE HEART OF MARY RELIGIOUS CONGREGATION AND DO NOT RECEIVE COMPENSATION FOR THIS SERVICE IN KEEPING WITH THEIR STATED VOW OF POVERTY: Sister Patricia Fadden, IHM - President Sister Ann Heath, IHM - Vice President, Academic Affairs Sister Marie Hubert Kealy, IHM - Secretary A CHESTER COUNTY HEALTH & ED FACILITIES AU 232265260 165579DP5 2005-06-26 23128100 CAMPUS RENOVATIONS AND UPGRADES false false false B CHESTER COUNTY HEALTH & ED FACILITIES AU 232265260 165579et6 2013-12-16 1910000 CURRENT REFUNDING SERIES 2010 and false false false A 0 0 22773035 1837385 2282832 0 457414 0 19144676 0 0 0 2007 false false true true B 0 0 19115383 571089 49625 0 355829 102765 0 2537090 12400886 3313225 2014 true false true true A false false false false 0 false false false true B false false false false 0 false false false true A true false false 0 true Ag Match Funding 3. true false true B true true false 0 false 0 false true A true B true Part II Line 3 Total proceeds of issue: Issue price plus investment earnings Part IV Column B, line 2c The date the rebate computation was performed: 01/15/2014 X 7 53553 FMV false true true Sale of Donated Securities by Third Party Immaculata University uses unrelated third party Penn Mutual to sell donated publicly traded securities. Part VI, Line 11a Review of form 990 AN INDEPENDENT TAX PREPARATION FIRM IS ENGAGED TO ASSIST IN COMPILING FORM 990 WITH DATA PROVIDED FROM THE BUSINESS OFFICE. UNIVERSITY MANAGEMENT REVIEWS THE FORM 990 FOR COMPLETENESS AND ACCURACY. PRIOR TO FILING, MANAGEMENT PRESENTS THE FORM 990 TO THE AUDIT COMMITTEE OF THE BOARD OF TRUSTEES. FORM 990 IS REVIEWED AND SIGNED BY THE VICE PRESIDENT FOR FINANCE & ADMINISTRATION. Part VI, Line 12c Conflict of interest policy THE BOARD OF TRUSTEES AND OFFICERS ARE REQUIRED TO COMPLETE AN ANNUAL CONFLICT OF INTEREST STATEMENT AND SUBMIT SUCH STATEMENT TO THE UNIVERSITY PRESIDENT. THE PRESIDENT REVIEWS THOSE STATEMENTS FOR POTENTIAL CONFLICTS. THE DISCLOSURE STATEMENT ALSO REQUIRES ALL MEMBERS TO NOTIFY THE UNIVERSITY PRESIDENT PROMPTLY OF ANY ACTUAL, APPARENT, OR POTENTIAL CONFLICT OF INTEREST AS IT ARISES, SO THAT IT CAN BE ADDRESSED IMMEDIATELY. SHOULD THERE BE A CONFLICT OF INTEREST ANY AFFECTED TRUSTEE OR OFFICER SHALL REFRAIN FROM ANY CONSIDERATION OF, OR ACTION UPON, THE TRANSACTION OR PROPOSED TRANSACTION. Part VI, Line 15a process for determining compensation of president of university SISTER PATRICIA FADDEN, IHM, PRESIDENT OF IMMACULATA UNIVERSITY IS A MEMBER OF THE SISTERS, SERVANTS OF THE IMMACULATE HEART OF MARY RELIGIOUS CONGREGATION AND DOES NOT RECEIVE COMPENSATION FOR THIS SERVICE IN KEEPING WITH HER STATED VOW OF POVERTY. Part VI, Line 15b process for determining compensation THE COMPENSATION OF ALL OFFICERS OF THE UNIVERSITY IS REVIEWED AND APPROVED ANNUALLY BY THE BOARD OF TRUSTEES. SALARY DATA IS GATHERED FROM INDUSTRY PUBLICATIONS, HIGHER EDUCATION ASSOCIATIONS AND PEER UNIVERSITIES TO BENCHMARK COMPENSATION ON AN ANNUAL BASIS. COMPENSATION IS SET WITHIN THE CONSTRAINTS OF THE BOARD OF TRUSTEES' APPROVED OPERATING BUDGET. SALARY DATA IS GATHERED FROM CUPA AND NACUBO AND IS USED TO ESTABLISH BENCHMARKS FOR UNIVERSITY EXECUTIVE ADMINISTRATORS. THIS PROCESS WAS LAST UNDERTAKEN FOR THE FISCAL YEAR 2010-2011. Part VI, Line 19 PUBLIC AVAILABILITY OF GOVERNING DOCUMENTS, COI POLICY, AND FINANCIALS THE UNIVERSITY'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. Part VII & Schedule J SISTER PATRICIA FADDEN, IHM, PRESIDENT OF IMMACULATA UNIVERSITY IS A MEMBER OF THE SISTERS, SERVANTS OF THE IMMACULATE HEART OF MARY RELIGIOUS CONGREGATION AND DOES NOT RECEIVE COMPENSATION FOR THIS SERVICE IN KEEPING WITH HER STATED VOW OF POVERTY. THE COMPENSATION OF ALL OFFICERS OF THE UNIVERSITY IS REVIEWED AND APPROVED ANNUALLY BY THE BOARD OF TRUSTEES. SALARY DATA IS GATHERED FROM INDUSTRY PUBLICATIONS, HIGHER EDUCATION ASSOCIATIONS AND PEER UNIVERSITIES TO BENCHMARK COMPENSATION ON AN ANNUAL BASIS. COMPENSATION IS SET WITHIN THE CONSTRAINTS OF THE BOARD OF TRUSTEES' APPROVED OPERATING BUDGET. SALARY DATA IS GATHERED FROM CUPA AND NACUBO AND IS USED TO ESTABLISH BENCHMARKS FOR UNIVERSITY EXECUTIVE ADMINISTRATORS. THIS PROCESS WAS LAST UNDERTAKEN FOR THE FISCAL YEAR 2010-2011. THE FOLLOWING TRUSTEES OF IMMACULATA UNIVERSITY'S BOARD OF TRUSTEES ARE MEMBERS OF THE SISTERS, SERVANTS OF THE IMMACULATE HEART OF MARY RELIGIOUS CONGREGATION AND DO NOT RECEIVE COMPENSATION FOR THIS SERVICE IN KEEPING WITH THEIR STATED VOW OF POVERTY: Sister Lorraine McGrew, IHM Sister Marie Anselm Cooper, IHM Sister John Evelyn DiTrolio, IHM Sister Anita Patrick Gallagher, IHM Sister Maureen Lawrence McDermott, IHM Sister Eileen M. McGuigan, IHM Sister Rita James Murphy, IHM SISTER JEANNINE MARY NORTON, IHM SISTER STEPHEN ANNE RODERIGUEZ, IHM Sister Donna Shallo, IHM THE FOLLOWING OFFICERS OF IMMACULATA UNIVERSITY ARE MEMBERS OF THE SISTERS, SERVANTS OF THE IMMACULATE HEART OF MARY RELIGIOUS CONGREGATION AND DO NOT RECEIVE COMPENSATION FOR THIS SERVICE IN KEEPING WITH THEIR STATED VOW OF POVERTY: Sister Patricia Fadden, IHM - President Sister Ann Heath, IHM - Vice President, Academic Affairs Sister Marie Hubert Kealy, IHM - Secretary SISTERS SERVANTS OF IHM VILLA MARIA GENERALATE 1140 KING RD IMMACULATA PA 19345 231352569 Religious PA 501(c)(3) 02 NA false ENSERV INC PO BOX 665 IMMACULATA PA 19345 232731906 WATER TREAT. PA 501(c)(3) 02 IMMACULTA true false false false false false false false false false false false false false false false false false true true SISTER SERVANTS OF IHM r 428747 Insurance SISTER SERVANTS OF IHM r 117465 Interest