2016-05-16T13:30:07-05:00 2015-06-30 BKD LLP 1201 Walnut Suite 1700 Kansas City MO 641062246 990 2014-07-01 440545813 ROCKHURST UNIVERSITY % GERALD MOENCH CFO ROCK 8165014000 1100 ROCKHURST ROAD KANSAS CITY MO 64110 GERALD MOENCH CFO 8165014000 2016-05-16 true Kevin Ensminger CPA P01310558 8162216300 2014 2016-08-17 19:52:53Z REV THOMAS B CURRAN 1100 ROCKHURST ROAD KANSAS CITY MO 64110 106259204 false X WWW.ROCKHURST.EDU X 1910 MO ROCKHURST UNIVERSITY EXISTS TO TRANSFORM LIVES BY CREATING A LEARNING COMMUNITY CENTERED IN EXCELLENCE IN UNDERGRADUATE LIBERAL ARTS EDUCATION AND GRADUATE EDUCATION. 31 30 1331 150 0 0 6237390 6437383 67810805 69152687 2666350 12038741 4792845 5084732 81507390 92713543 29099870 31003462 0 0 25906742 26331011 0 0 1380902 23977353 23008620 78983965 80343093 2523425 12370450 130909946 138234303 62789805 63760328 68120141 74473975 X SEE SCHEDULE O false false 32876862 31003462 37324141 ROCKHURST UNIVERSITY IS COMMITTED TO PROVIDING A QUALITY, PRIVATE EDUCATION AT A REASONABLE COST. DURING THE FISCAL YEAR ENDED JUNE 30, 2015 THE UNIVERSITY OFFERED INSTITUTIONAL FINANCIAL AID TO OVER 80% OF ITS GRADUATE AND UNDERGRADUATE STUDENTS. 29543484 29543484 INSTRUCTIONAL EXPENSES REPRESENT THE COST OF DELIVERING THE ROCKHURST EDUCATIONAL EXPERIENCE TO APPROXIMATELY 3,000 UNDERGRADUATE AND GRADUATE STUDENTS. THIS INCLUDES THE SALARIES AND BENEFITS FOR FULL TIME AND PART TIME FACULTY MEMBERS, INSTRUCTIONAL MATERIALS, BOOKS, AND SUPPLIES, TRAVEL AND PROFESSIONAL DEVELOPMENT, AND DEPRECIATION, MAINTENANCE AND INTEREST COSTS ASSOCIATED WITH VARIOUS CAMPUS FACILITIES. 7327180 7327180 AUXILIARY EXPENSES INCLUDE COSTS ASSOCIATED WITH PROVIDING STUDENT HOUSING AND FOOD SERVICE; EXPENSES RELATING TO THE UNIVERSITY'S PARTICIPATION IN NCAA ATHLETIC PROGRAMS; AND DEPRECIATION, MAINTENANCE AND INTEREST COSTS ASSOCIATED WITH VARIOUS CAMPUS FACILITIES. 69747526 true true false false false false false false false true true false false false true false false true true false true false false false true false false false true true true false false false false false false false false false true true false false false false true true false false false true 3939 0 true 1331 true false false false false false true true false false false false X 31 30 false false false false false false false true true false false true true true true true true true true false MO X GERALD MOENCH CFO 8165014862 1100 ROCKHURST ROAD KANSAS CITY MO 64110 AMBER KOON TRUSTEE 1.0 0.0 X 0 0 0 BRIDGET MCCANDLESS TRUSTEE 1.0 0.0 X 0 0 0 CAROL A DIRAIMO TRUSTEE 1.0 0.0 X 0 0 0 CAROL GRIMALDI TRUSTEE 1.0 0.0 X 0 0 0 CHARLES DUNLAP TRUSTEE 1.0 0.0 X 0 0 0 CLIFFORD J ALEXANDER TRUSTEE 1.0 0.0 X 0 0 0 DANIEL P CHARLES TRUSTEE 1.0 0.0 X 0 0 0 DENNIS J THUM TRUSTEE/CHAIRPERSON 1.0 1.0 X X 0 0 0 DENNIS P HOGAN III TRUSTEE 1.0 0.0 X 0 0 0 DON ALEXANDER TRUSTEE 1.0 0.0 X 0 0 0 DUANE LOCK TRUSTEE 1.0 0.0 X 0 0 0 GLENNON HEITMAN TRUSTEE 1.0 0.0 X 0 0 0 HUNG TRUNG PHAM SJ TRUSTEE 1.0 0.0 X 0 0 0 JOSEPH AGNELLO TRUSTEE 1.0 0.0 X 0 0 0 KEN GARRETT TRUSTEE 1.0 0.0 X 0 0 0 KERMIT J FENDLER TRUSTEE/VICE CHAIR 1.0 0.0 X X 0 0 0 REV KEVIN WM WILDES SJ TRUSTEE 1.0 0.0 X 0 0 0 MADELINE ROMIOUS TRUSTEE 1.0 0.0 X 0 0 0 DR MARC HAHN DO TRUSTEE 1.0 0.0 X 0 0 0 MARNY DONNELLY SHERMAN TRUSTEE/SECRETARY 1.0 0.0 X X 0 0 0 MARY ANNE ROEPKE TRUSTEE 1.0 0.0 X 0 0 0 MEGAN SNEED TRUSTEE 1.0 0.0 X 0 0 0 MELVIN LAVERY TRUSTEE 1.0 1.0 X 0 0 0 REV MICHAEL D BARBER SJ TRUSTEE 1.0 0.0 X 0 0 0 MICHAEL RAGSDALE TRUSTEE 1.0 0.0 X 0 0 0 REV PAUL H VU SJ TRUSTEE 1.0 0.0 X 0 0 0 ROBERT P DUNN TRUSTEE 1.0 0.0 X 0 0 0 STEPHEN A VALENTINO TRUSTEE 1.0 0.0 X 0 0 0 SYLVIA RAYA TRUSTEE 1.0 0.0 X 0 0 0 REV THOMAS B CURRAN SJ TRUSTEE/PRESIDENT 40.0 1.0 X X 0 0 0 THOMAS HASTINGS TRUSTEE 1.0 0.0 X 0 0 0 THOMAS SACK TRUSTEE 1.0 0.0 X 0 0 0 REV WILLIAM OULVEY SJ TRUSTEE/RECTOR 1.0 0.0 X X 0 0 0 ROBERT S GRANT VP ADVANCEMENT 40.0 0.0 X 209718 0 22065 CHERYL A MCCONNELL DEAN-SCHOOL OF MANAGEMENT 40.0 0.0 X 147360 0 16686 ANTHONY L TOCCO PROFESSOR & MEN'S SOCCER COACH 40.0 0.0 X 142949 0 9061 RACHEL O LIERZ FORMER CONTROLLER-LEFT 1/9/15 40.0 0.0 X 122807 0 15453 TIMOTHY L MCDONALD PROFESSOR/FORMER DEAN-ARTS&SCI 40.0 0.0 X 120265 0 17769 743099 0 81034 14 false true false JE DUNN CONSTRUCTION CO GENERAL CONTRACTOR 15159788 CHARTWELLS DINING SERVICES FOOD SERVICE 2244507 HUSCH BLACKWELL LLP LEGAL SERVICES 497088 SATELLITE JANITORIAL SERVICES JANITORIAL SERVICES 462026 KAZOO MARKETING MARKETING SERVICES 348601 9 10876 23474 537619 5865414 125997 6437383 TUITION AND FEES 611600 64122848 64122848 HOUSING INCOME 611710 4981205 4981205 STUDENT LOAN INTEREST 611710 48634 48634 69152687 1006721 1006721 0 0 92185 37104 55081 0 55081 55081 24294358 197957 12762792 697503 11531566 -499546 11032020 11032020 35795 23474 48262 -12467 -12467 0 0 CAFETERIA INCOME 722210 2839584 2839584 BOOKSTORE INCOME 611710 109611 109611 ATHLETIC INCOME 900099 110525 110525 1982398 1982398 5042118 92713543 74194805 12081355 0 31003462 31003462 0 0 313722 313722 0 21090102 17978925 2242894 868283 954626 820978 95463 38185 2509735 2158372 250974 100389 1462826 1258030 146283 58513 0 276469 276469 65006 65006 0 0 111213 111213 2189823 1642367 547456 546333 468073 66210 12050 1116901 956911 135356 24634 615916 527690 74642 13584 0 2482483 2126881 300850 54752 1167162 999973 141447 25742 0 451969 387227 54774 9968 2529453 632363 1897090 0 2994170 2565272 362861 66037 490197 122549 367648 Maintenance contracts 779682 667997 94489 17196 Contractual services 1502649 1287403 182105 33141 Student aid 1873401 1873401 Repairs and Maintenance 1146585 982343 138954 25288 2669208 1287309 1348759 33140 80343093 69747526 9214665 1380902 84152 67736 2654373 2496742 5884940 2753756 982734 912893 0 0 0 0 0 2700000 0 0 1045789 1858188 145978039 54748763 75492747 91229276 42749438 33856169 -385278 0 2401051 2359543 0 0 0 0 130909946 138234303 7879345 10805565 0 0 0 0 40598750 39248750 0 0 0 0 8064691 7536019 0 0 6247019 6169994 62789805 63760328 X 18588963 29367878 17478795 11424868 32052383 33681229 68120141 74473975 130909946 138234303 X 12370450 -3626517 -1483092 -907007 X false true X true true true X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 37229877 1538602 -1201945 1410000 111213 36045321 33918011 801301 4592967 1962000 120402 37229877 31162844 607719 4306126 2047000 111678 33918011 32650512 547174 285963 2206000 114805 31162844 30290638 1087319 3896780 2490000 134225 32650512 0.85734 0.14266 false false 1262230 5033395 6295625 1198808 83330342 34625282 49903868 32654342 20123481 12530861 22498922 22498922 91229276 0 INTEREST RATE SWAPS 3441635 ANNUITIES PAYABLE 8959 ASSET RETIREMENT OBLIGATION 744147 DEPOSITS HELD FOR OTHERS 257440 GOVERNMENTAL LOAN OBLIGATIONS 1717813 6169994 X SCHEDULE D, PART X, LINE 2 MANAGEMENT HAS EVALUATED THEIR INCOME TAX POSITIONS UNDER THE GUIDANCE INCLUDED IN ASC 740. BASED ON THEIR REVIEW, MANAGEMENT HAS NOT IDENTIFIED ANY MATERIAL UNCERTAIN TAX POSITIONS TO BE RECORDED OR DISCLOSED IN THE FINANCIAL STATEMENTS. SCHEDULE D, PART V, LINE 4 THE UNIVERSITY'S ENDOWMENT CONSISTS OF APPROXIMATELY 220 INDIVIDUAL FUNDS ESTABLISHED FOR A VARIETY OF PURPOSES. THE ENDOWMENT INCLUDES BOTH DONOR-RESTRICTED ENDOWMENT FUNDS AND FUNDS DESIGNATED BY THE GOVERNING BODY TO FUNCTION AS ENDOWMENTS (BOARD DESIGNATED ENDOWMENTS). AS REQUIRED BY ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA ("GAAP"), NET ASSETS ASSOCIATED WITH ENDOWMENT FUNDS, INCLUDING BOARD-DESIGNATED ENDOWMENT FUNDS, ARE CLASSIFIED AND REPORTED BASED ON THE EXISTENCE OR ABSENCE OF DONOR-IMPOSED RESTRICTIONS. THE UNIVERSITY'S GOVERNING BODY HAS INTERPRETED THE STATE OF MISSOURI PRUDENT MANAGEMENT OF INSTITUTIONAL FUNDS ACT (SPMIFA), ADOPTED IN AUGUST 2009, AS REQUIRING 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 DONOR-RESTRICTED ENDOWMENT FUNDS 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 SPMIFA. IN ACCORDANCE WITH SPMIFA, THE UNIVERSITY CONSIDERS THE FOLLOWING FACTORS IN MAKING A DETERMINATION TO APPROPRIATE OR ACCUMULATE DONOR-RESTRICTED ENDOWMENT FUNDS: 1. DURATION AND PRESERVATION OF THE FUND 2. PURPOSES OF THE UNIVERSITY AND THE FUND 3. GENERAL ECONOMIC CONDITIONS 4. POSSIBLE EFFECT OF INFLATION AND DEFLATION 5. EXPECTED TOTAL RETURN FROM INVESTMENT INCOME AND APPRECIATION OR DEPRECIATION OF INVESTMENTS 6. OTHER RESOURCES OF THE UNIVERSITY 7. INVESTMENT POLICIES OF THE UNIVERSITY ASSETS OF THE ENDOWMENT FUND ARE POOLED ON A MARKET VALUE BASIS. EACH INDIVIDUAL POOLED ENDOWMENT FUND SUBSCRIBES TO OR DISPOSES OF UNITS ON THE BASIS OF THE PER-UNIT MARKET VALUE AT THE BEGINNING OF THE CALENDAR MONTH WITHIN WHICH THE TRANSACTION TAKES PLACE. UNDER THE UNIVERSITY'S ENDOWMENT SPENDING POLICY, FOR OPERATIONAL PURPOSES THE BOARD OF TRUSTEES ANNUALLY DIRECTS THAT A PERCENTAGE OF A THREE-YEAR ROLLING AVERAGE MARKET VALUE OF INVESTMENTS HELD FOR ENDOWMENT PURPOSES BE ALLOCATED AS A DISTRIBUTION OF ENDOWMENT INCOME FOR CURRENT OPERATIONS. FOR 2015, SUCH PERCENTAGE WAS 7%. THE UNIVERSITY HAS ADOPTED INVESTMENT AND SPENDING POLICIES FOR ENDOWMENT ASSETS THAT ATTEMPT TO PROVIDE A PREDICTABLE STREAM OF FUNDING TO PROGRAMS AND OTHER ITEMS SUPPORTED BY ITS ENDOWMENT WHILE SEEKING TO MAINTAIN THE PURCHASING POWER OF THE ENDOWMENT. ENDOWMENT ASSETS INCLUDE THOSE ASSETS OF DONOR-RESTRICTED ENDOWMENT FUNDS THE UNIVERSITY MUST HOLD IN PERPETUITY OR FOR DONOR-SPECIFIED PERIODS, AS WELL AS THOSE OF BOARD-DESIGNATED ENDOWMENT FUNDS. UNDER THE UNIVERSITY'S POLICIES, ENDOWMENT ASSETS ARE INVESTED IN A MANNER THAT IS INTENDED TO MAINTAIN PURCHASING POWER, WHILE REDUCING, TO THE GREATEST EXTENT POSSIBLE, THE POSSIBILITY OF LOSS. THE ENDOWMENT FUND'S RETURN IS MEASURED ON A TIME WEIGHTED TOTAL RETURN BASIS OVER A ONE, THREE AND FIVE YEAR PERIOD OF TIME AGAINST APPROPRIATE BENCHMARKS AND A MANAGER UNIVERSE OF FUNDS HAVING A SIMILAR INVESTMENT STYLE. TO SATISFY ITS LONG-TERM RATE OF RETURN OBJECTIVES, THE UNIVERSITY RELIES ON A TOTAL RETURN STRATEGY IN WHICH INVESTMENT RETURNS ARE ACHIEVED THROUGH BOTH CURRENT YIELD (INVESTMENT INCOME SUCH AS DIVIDENDS AND INTEREST) AND CAPITAL APPRECIATION (BOTH REALIZED AND UNREALIZED). THE UNIVERSITY TARGETS A DIVERSIFIED ASSET ALLOCATION THAT PLACES A GREATER EMPHASIS ON EQUITY-BASED INVESTMENTS TO ACHIEVE ITS LONG-TERM RETURN OBJECTIVES WITHIN PRUDENT RISK CONSTRAINTS. EMPHASIS ON EQUITY-BASED INVESTMENTS TO ACHIEVE ITS LONG-TERM RETURN OBJECTIVES WITHIN PRUDENT RISK CONSTRAINTS. 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 PUBLISHES THE FOLLOWING NONDISCRIMINATION STATEMENT ON THE UNIVERSITY WEBSITE, IN THE UNIVERSITY CATALOG, AND IN OTHER BROCHURES AND SOLICITATIONS: "ROCKHURST UNIVERSITY IS COMMITTED TO PROVIDING EQUAL OPPORTUNITIES FOR ALL PERSONS REGARDLESS OF RACE, COLOR, CREED, RELIGION, SEX, PREGNANCY STATUS, SEXUAL ORIENTATION, MARITAL STATUS, NATIONAL ORIGIN OR ANCESTRY, AGE, GENDER, DISABILITY, CITIZENSHIP OR INTENDING CITIZENSHIP STATUS, GENDER IDENTITY, VETERAN STATUS OR ANY OTHER STATUS PROTECTED BY LAW ("PROTECTED STATUS"). THIS IS REFLECTED IN ALL POLICIES, PROGRAMS AND PROCEDURES OF THE UNIVERSITY." SCHEDULE E, PART I, LINE 6A THE UNIVERSITY PARTICIPATES IN THE FEDERAL PELL GRANT, FEDERAL WORK STUDY, FEDERAL SUPPLEMENTAL EDUCATIONAL OPPORTUNITY GRANT, FEDERAL PERKINS LOAN, AND FEDERAL DIRECT LOAN PROGRAMS. Central America and the Caribbean Program Services EDUCATIONAL 75874 SUB-SAHARAN AFRICA Program Services EDUCATIONAL 3383 Europe (Including Iceland and Greenland) Program Services EDUCATIONAL 77913 South America Program Services EDUCATIONAL 6618 163788 163788 false false false false false false WILSON BENNETT TECHNOLOGY PHONE CAMPAIGN false KC GOLF TOURNEY 59269 23474 35795 7557 18000 3978 18727 0 59269 23474 35795 7557 18000 3978 18727 48262 -12467 true SCHOLARSHIPS 1582 31003462 SCHEDULE I, PART I, LINE 2 THE GRANTS MADE BY THE UNIVERSITY ARE PRIMARILY FOR STUDENT AID AND SCHOLARSHIPS. A LIST OF RECIPIENTS OF SCHOLARSHIPS AND FELLOWSHIPS IS ON FILE AT THE UNIVERSITY AND IS AVAILABLE UPON REQUEST. ALL STUDENTS RECEIVING SCHOLARSHIPS AND FELLOWSHIPS ARE JUDGED WORTHY BY THE UNIVERSITY ON THE BASIS OF ACADEMIC AND ATHLETIC ACHIEVEMENT, FINANCIAL NEED AND OTHER SIMILAR STANDARDS. X X X X X X false false false false false false false false false ROBERT S GRANT VP ADVANCEMENT 209460 0 0 0 258 0 13090 0 8975 0 231783 0 0 0 CHERYL A MCCONNELL DEAN-SCHOOL OF MANAGEMENT 147222 0 0 0 138 0 9270 0 7416 0 164046 0 0 0 ANTHONY L TOCCO PROFESSOR & MEN'S SOCCER COACH 142949 0 0 0 0 0 8604 0 457 0 152010 0 0 0 FORM 990, PART VII, SECTION A, LINE 1 THE COMPENSATION PAID TO REV THOMAS B CURRAN OSFS, PRESIDENT, IS PAID TO HIS RELIGIOUS ORDER. A HEALTH & ED FACILITIES AUTHORITY OF THE ST OF MO 431178966 60636AAP8 2011-02-14 21530309 SEE PART VI - SUPPLEMENTAL INFO false false false B HEALTH & ED FACILITIES AUTHORITY OF THE ST OF MO 431178966 60636AAQ6 2011-02-14 22790000 SEE PART VI - SUPPLEMENTAL INFO false false false A 2031559 0 21530309 1719790 0 6960516 426160 0 0 7996525 4418421 0 2011 true false false true B 3040000 0 22790000 0 0 22790000 0 0 0 0 0 0 2011 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 false false false true false false 0 false 0 false false B false false false true true true BOFA & WELLS FARGO 21. false false false 0 false false A true B true SECTION IV, LINE 2C, COLUMN A THE REBATE COMPUTATION FOR EDUCATIONAL FACILITIES REFUNDING REVENUE BONDS ROCKHURST UNIVERSITY SERIES 2011A WAS MADE ON APRIL 17, 2013. SECTION IV, LINE 2C, COLUMN B THE REBATE COMPUTATION FOR EDUCATIONAL FACILITIES REFUNDING REVENUE BONDS ROCKHURST UNIVERSITY SERIES 2011B WAS MADE ON APRIL 17, 2013. DESCRIPTION OF PURPOSE BOND A: EDUCATIONAL FACILITIES REFUNDING REVENUE BONDS ROCKHURST UNIVERSITY SERIES 2011A BOND B: EDUCATIONAL FACILITIES REFUNDING REVENUE BONDS ROCKHURST UNIVERSITY SERIES 2011B SEE SCHEDULE L PART V SCHEDULE L, PART IV TRANSACTION 1 (A) JE DUNN CONSTRUCTION COMPANY (JE DUNN) (B) ROBERT P DUNN IS A TRUSTEE OF ROCKHURST UNIVERSITY AND THE VICE PRESIDENT - COMMUNITY AFFAIRS OF JE DUNN. (C) $15,159,788 (D) JE DUNN IS THE GENERAL CONTRACTOR FOR THE CONSTRUCTION OF THE UNIVERSITY'S NEW ACADEMIC BUILDING. (E) NO X 15 125982 FMV AT DATE RECEIVED X VARIOUS 15 15 RESALE VALUE false true true SCHEDULE M, PART I, COLUMN B THE AMOUNTS LISTED IN COLUMN B ARE A COMBINATION OF NUMBER OF CONTRIBUTIONS AND NUMBER OF ITEMS CONTRIBUTED. SCHEDULE M, PART I, LINE 32B THE ORGANIZATION USES A REAL ESTATE AGENT TO SELL REAL ESTATE. FORM 990, PART III, LINE 1 ROCKHURST UNIVERSITY EXISTS TO TRANSFORM LIVES BY CREATING A LEARNING COMMUNITY CENTERED IN EXCELLENCE IN UNDERGRADUATE LIBERAL ARTS EDUCATION AND GRADUATE EDUCATION. ROCKHURST IS CATHOLIC AND JESUIT, INVOLVED IN THE LIFE AND GROWTH OF THE CITY AND THE REGION, AND COMMITTED TO THE SERVICE OF THE CONTEMPORARY WORLD. FORM 990, PART VI, SECTION B, LINE 11B AN INDEPENDENT ACCOUNTING FIRM PREPARES AND REVIEWS THE 990. THE 990 IS THEN REVIEWED BY UNIVERSITY MANAGEMENT AND ACCOUNTING PERSONNEL. ANY QUESTIONS OR CONCERNS THAT UNIVERSITY MANAGEMENT AND ACCOUNTING PERSONNEL HAVE ARE ADDRESSED AND ANY CORRECTIONS OR CLARIFICATIONS ARE MADE. THE DRAFT VERSION OF THE 990 IS THEN PROVIDED TO THE AUDIT COMMITTEE OF THE BOARD OF TRUSTEES FOR REVIEW. ANY QUESTIONS OR CONCERNS THAT THE AUDIT COMMITTEE MEMBERS HAVE ARE ADDRESSED AND ANY CORRECTIONS OR CLARIFICATIONS ARE MADE. AN ELECTRONIC COPY OF THE FINAL FORM 990 WITH ALL REQUIRED SCHEDULES IS PROVIDED TO ALL MEMBERS OF THE BOARD OF TRUSTEES PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C A COPY OF THE CONFLICT OF INTEREST POLICY IS PROVIDED AT THE TIME OF HIRE FOR FACULTY AND ADMINISTRATIVE STAFF, AND THEREAFTER IS AVAILABLE ON THE UNIVERSITY'S INTRANET SITE. MEMBERS OF THE PRESIDENT'S CABINET MUST SIGN AN ANNUAL CONFLICT OF INTEREST STATEMENT. IN THE CASE OF THE BOARD OF TRUSTEES, A COPY OF THE CONFLICT OF INTEREST POLICY IS PROVIDED AT THE TIME OF ELECTION, AND THEREAFTER ON AN ANNUAL BASIS EACH JUNE. TRUSTEES, OFFICERS, KEY EMPLOYEES AND HIGHLY COMPENSATED EMPLOYEES ARE ALSO REQUIRED TO COMPLETE ANNUALLY A DISCLOSURE STATEMENT REGARDING BUSINESS AND FAMILY RELATIONSHIPS, RELATED PERSONS AND ACTIVITIES. THE COMPLETED DISCLOSURE STATEMENTS ARE REVIEWED BY UNIVERSITY MANAGEMENT AND ACCOUNTING PERSONNEL, AND ARE KEPT ON FILE IN THE UNIVERSITY'S OFFICE OF FINANCE AND HUMAN RESOURCES. IF AN INTERESTED PARTY IS AN EMPLOYEE, A MEMBER WITH OVERSIGHT OF THE DEPARTMENT EMPLOYING THE INDIVIDUAL SHALL MAKE A DETERMINATION AS TO WHETHER A CONFLICT EXISTS AND IMPLEMENT THE APPROPRIATE SAFEGUARDS AND CONFLICT MANAGEMENT PLAN TO PROTECT THE UNIVERSITY AND THE PARTIES, INCLUDING NOTIFYING THE BOARD OF TRUSTEES. IF THE INTERESTED PARTY IS AN OFFICER, TRUSTEE OR MEMBER OF A COMMITTEE, AFTER DISCLOSURE OF THE FINANCIAL INTEREST AND ALL MATERIAL FACTS, AND AFTER ANY DISCUSSION WITH THE INTERESTED PERSON, HE/SHE SHALL LEAVE THE BOARD OF TRUSTEES OR COMMITTEE MEETING WHILE THE DETERMINATION OF A CONFLICT OF INTEREST IS DISCUSSED AND VOTED UPON. THE REMAINING BOARD OR COMMITTEE MEMBERS SHALL DECIDE IF A CONFLICT OF INTEREST EXISTS. IF THE GOVERNING BOARD OF TRUSTEES OR COMMITTEE HAS REASONABLE CAUSE TO BELIEVE AN INTERESTED PERSON HAS FAILED TO DISCLOSE ACTUAL OR POSSIBLE CONFLICTS OF INTEREST, IT SHALL INFORM THE INTERESTED PERSON OF THE BASIS FOR SUCH BELIEF AND AFFORD THE MEMBER AN OPPORTUNITY TO EXPLAIN THE ALLEGED FAILURE TO DISCLOSE. IF, AFTER HEARING THE INTERESTED PERSON'S RESPONSE AND AFTER MAKING FURTHER INVESTIGATION AS WARRANTED BY THE CIRCUMSTANCES, THE GOVERNING BOARD OF TRUSTEES OR COMMITTEE DETERMINES THE INTERESTED PERSON HAS FAILED TO DISCLOSE AN ACTUAL OR POSSIBLE CONFLICT OF INTEREST, IT SHALL TAKE APPROPRIATE DISCIPLINARY AND CORRECTIVE ACTION. FORM 990, PART VI, SECTION B, LINES 15A & B THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES DETERMINES THE ANNUAL COMPENSATION FOR THE UNIVERSITY PRESIDENT. THE PRESIDENT'S COMPENSATION IS COMPARED TO SALARY DATA FOR A BENCHMARK GROUP OF PEER INSTITUTIONS. THE TERMS OF THE PRESIDENT'S COMPENSATION ARE DOCUMENTED IN A WRITTEN EMPLOYMENT CONTRACT ON FILE IN THE UNIVERSITY HUMAN RESOURCES DEPARTMENT. THE PRESIDENT'S COMPENSATION IS PAID TO HIS RELIGIOUS ORDER. THE UNIVERSITY PLANNING & BUDGETING COMMITTEE MAKES AN ANNUAL RECOMMENDATION TO THE PRESIDENT AND BOARD OF TRUSTEES FOR ANY SALARY ADJUSTMENTS FOR FACULTY AND ADMINISTRATIVE STAFF WITHIN THE PARAMETERS OF THE ANNUAL OPERATING BUDGET. THIS INCLUDES KEY EMPLOYEES OF THE ORGANIZATION. ADDITIONALLY, THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES ANNUALLY REVIEWS COMPENSATION FOR THE KEY EMPLOYEES OF THE UNIVERSITY AND COMPARES COMPENSATION TO APPROPRIATE HISTORICAL AND BENCHMARK SALARY DATA. THE REVIEW WAS COMPLETED IN 2015, CONDUCTED BY THE HUMAN RESOURCES DEPARTMENT. FORM 990, PART VI, SECTION C, LINE 19 THE FINANCIAL STATEMENTS ARE AVAILABLE ON THE UNIVERSITY'S WEBSITE. THE COMPENSATION PAID TO THE VP OF MISSION AND MINISTRY'S RELIGIOUS ORDER, GOVERNING DOCUMENTS, AND CONFLICT OF INTEREST POLICY ARE AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9 OTHER CHANGES IN NET ASSETS OR FUND BALANCES: CHANGE IN VALUE OF RUCEC INVESTMENT ($906,238) CURMA INTEREST INCOME ($769) ---------------------------------------------------- TOTAL ($907,007) ROCKHURST UNIVERSITY - CEC 6901 WEST 63RD ST SHAWNEE MISSION KS 66202 431596558 CONTINUING ED MO 501(C)(3) 9 ROCKHURST U true false false false false false false false false false false false false false false false false false false false