2015-05-14T11:23:05-05:00 2014-06-30 BKD LLP 200 E Main St Suite 700 Fort Wayne IN 46802 990 2013-07-01 381358399 MARYGROVE COLLEGE % DAVID NELSON MARY 3139271200 8425 WEST MCNICHOLS Suite DETROIT MI 48221 David Nelson VP of Finance & Administration 3139271226 2015-05-15 true Joyce A Dulworth P00151125 3139271226 2013 2016-02-25 16:41:14Z DR DAVID FIKE 8425 W MCNICHOLS DETROIT MI 48221 34612623 false X WWW.MARYGROVE.EDU X 1959 MI PROVIDE AN INDEPENDENT, CATHOLIC LIBERAL ARTS HIGHER EDUCATION FOCUSED ON URBAN LEADERSHIP AIMED AT STUDENTS FROM DIVERSE BACKGROUNDS, TO SERVE THE PEOPLE OF DETROIT & BEYOND. 18 18 910 100 0 6005279 2195099 29030805 28484131 346305 95086 -1067 208 35381322 30774524 10616473 7921244 0 0 16559424 15175753 0 0 645612 10448810 10344568 37624707 33441565 -2243385 -2667041 34013606 31905466 17963271 18416075 16050335 13489391 X MARYGROVE COLLEGE, AN INDEPENDENT CATHOLIC LIBERAL ARTS COLLEGE SPONSORED BY SISTERS, SERVANTS OF THE IMMACULATE HEART OF MARY, IS COMMITTED TO FOSTERING CHRISTIAN VALUES, TO EDUCATING STUDENTS FROM DIVERSE BACKGROUNDS, TO SERVe THE PEOPLE OF DETROIT AND BEYOND. THE FUNDAMENTAL PURPOSE OF MARYGROVE COLLEGE IS TO EDUCATE EACH STUDENT TOWARD INTELLECTUAL AND PROFESSIONAL COMPETENCE; TOWARD CAREER FLEXIBILITY THROUGH GROUNDING IN THE LIBERAL ARTS; AND TOWARD ACTIVE COMPASSION AND COMMITMENT. false false 27998418 7921244 28484131 MARYGROVE PROVIDED EDUCATIONAL INSTRUCTION TO STUDENTS AT THE UNDERGRADUATE, GRADUATE, AND EXTENDED LEARNING LEVELS. MARYGROVE OFFERS SMALL CLASSES TAUGHT BY PROFESSORS AND REAL-WORLD EXPERTS WHO INSTILL VALUABLE STRATEGIC KNOWLEDGE. 27998418 true true false false false false false false false true true false false false true false true false true false true false false false true false false false true true false false false false false false false false true false false false false false false false false true 3196 0 true 910 true false false false false false true true false false false false false false false X 18 18 false false false false false false false true true false false false true true true true false true true false X DAVID NELSON 3139271226 8425 WEST MCNICHOLS DETROIT MI 48221 MAREDA BABCOCK BOARD MEMBER 1.0 X 0 0 0 MARYFRANCES BARBER BOARD MEMBER 1.0 X 0 0 0 DIANE DEFRANCIS MUNN BOARD MEMBER 1.0 X 0 0 0 KAY BENESH BOARD CHAIR 1.0 X 0 0 0 ALFRED BINFORD BOARD MEMBER 1.0 X 0 0 0 ELIZABETH BURNS SECRETARY OF THE BOARD 1.0 X 0 0 0 JOHN CAVANAUGH BOARD MEMBER 1.0 X 0 0 0 NANCY GESCHKE BOARD MEMBER 1.0 X 0 0 0 JAMES HEIMBUCH BOARD MEMBER 1.0 X 0 0 0 MARY ANN HINSDALE BOARD MEMBER 1.0 X 0 0 0 SHARON HOLLAND BOARD MEMBER 1.0 X 0 0 0 DONNA JURICK BOARD MEMBER 1.0 X 0 0 0 MAXINE KOLLASCH BOARD MEMBER 1.0 X 0 0 0 PATRICIA MCCLUSKEY VICE CHAIRPERSON 1.0 X 0 0 0 THE HONORABLE LINDA PARKER BOARD MEMBER 1.0 X 0 0 0 ELIZABETH RICHARDS BOARD MEMBER 1.0 X 0 0 0 LEROY RICHIE BOARD MEMBER 1.0 X 0 0 0 KATHLEEN SCHULTZ BOARD MEMBER 1.0 X 0 0 0 DR DAVID FIKE PRESIDENT 60.0 X 269467 0 21899 WILLIAM JOHNSONLeft 71413 VP OF FINANCE & ADMINISTRATION 60.0 X 111790 0 1383 MARJORIE SWAN VP FINANCE & ADMINISTRATION 60.0 X 40267 318 KENNETH MALECKE VP INSTITUTIONAL ADVANCEMENT 60.0 X 194850 0 10996 616374 0 34596 3 false true false OVATIONS DINING SERVICES LLC PO BOX 261 NEW HUDSON MI 48165 DINING SERVICES 1399527 CARETECH SOLUTIONS PO BOX 674271 DETROIT MI 48267 TECHNOLOGY SERVICES 803835 BARNES AND NOBLE 120 MOUNTAIN VIEW BLVD BASKIN RIDGE NJ 07920 BOOKSTORE 659208 MBS DIRECT PO BOX 617 COLUMBUS OH 65205 BOOKS FOR MAT 290168 THE LEARNING HOUSE INC 333 GUTHRIE STREET SUITE 200 LOUISVILLE KY 40202 EDUCATIONAL PARTNER 155600 8 12327 240709 1942063 5884 2195099 TUITION AND FEES 611710 25876247 25876247 CONFERENCE CENTER 611710 506707 506707 RESIDENCE HALL 611710 702403 702403 OTHER PROGRAM SERVICE REVENUE 611710 163178 163178 STUDENT FINANCIAL AID 611710 1235596 1235596 28484131 37776 37776 0 0 0 0 0 3887517 3830207 57310 57310 57310 8100 12327 7892 208 208 0 0 0 30774524 28484131 95294 0 7921244 7921244 0 0 433883 130320 235063 68500 0 11576796 9117903 2167073 291820 88715 68311 17743 2661 2190029 1686322 438006 65701 886330 682474 177266 26590 0 77237 77237 72750 72750 0 0 17662 17662 1084870 835350 216974 32546 843142 649220 168628 25294 1232024 948658 246405 36961 1266439 975158 253288 37993 0 924656 711985 184931 27740 340557 262229 68111 10217 0 323435 249045 64687 9703 488722 488722 0 1228854 946218 282636 270834 208542 54167 8125 TRAINING 58690 45191 11738 1761 BAD DEBT EXPENSE 940444 940444 FOOD SERVICE PROVIDER 1064672 1064672 MISCELLANEOUS 109580 66410 43170 33441565 27998418 4797535 645612 1200 1500 782970 4261118 2152562 871522 1317492 1986761 0 0 0 0 3313363 3297016 0 0 623712 575283 40887409 22564315 19241317 18323094 6263747 2258190 0 0 0 0 0 0 317243 330982 34013606 31905466 1184924 1092442 0 0 1704566 1419281 0 0 0 0 0 0 11737017 12562644 0 0 3336764 3341708 17963271 18416075 X 11371989 10102708 3227161 1933498 1451185 1453185 16050335 13489391 34013606 31905466 -2667041 106097 X false true X true true true X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1442663 6175 100074 8259 1540653 1409295 9000 33722 9354 1442663 1376521 8860 50258 26344 1409295 1230575 52578 95118 1750 1376521 1114571 16000 100504 500 1230575 0.93240 0.06760 false false 987097 987097 26544833 11876797 14668036 2631116 1054831 1576285 10703803 9632687 1071116 20560 20560 18323094 0 DEPOSITS FROM STUDENTS 112302 STUDENT LOANS 3229406 3341708 22949607 106097 7892 113989 22835618 17662 7921244 7938906 30774524 25510551 7892 7892 25502659 17662 7921244 7938906 33441565 ENDOWMENT ASSETS ENDOWMENT ASSETS INCLUDE THOSE ASSETS OF DONOR-RESTRICTED ENDOWMENT FUNDS THE COLLEGE MUST HOLD IN PERPETUITY. UNDER THE COLLEGE'S POLICIES, ENDOWMENT ASSETS ARE INVESTED IN A MANNER THAT IS INTENDED TO PRODUCE RESULTS THAT EXCEED, ON AVERAGE, ANNUAL ENDOWMENT EXPENDITURES WHILE ASSUMING A MODERATE LEVEL OF RISK. RESTRICTED NET ASSETS ARE RESTRICTED TO INVESTMENT IN PERPETUITY, THE INCOME OF WHICH IS EXPENDABLE TO SUPPORT SCHOLARSHIPS AND OPERATIONS. ASC FOOTNOTE 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. RECONCILIATION PART XI & XII LINE 2D SPECIAL EVENTS $7,892 LINE 4B STUDENT AID RECLASS $7,921,244 true true true true true true true false false false false false false false false true false true PART I LINE 3 THE RACIALLY NONDISCRIMINATORY POLICY IS INCLUDED IN THE UNDERGRADUATE AND GRADUATE ACADEMIC CATALOGS, ON THE WEBSITE WITHIN THE ADMISSION REQUIREMENTS SECTION, AND THE STUDENT HANDBOOK. LINE 6B GOVERNMENTAL AID/ASSISTANCE IS PROVIDED THROUGH PELL, SEOG, AND TEACH GRANTS. STUDENTS ALSO RECEIVE GOVERNMENTAL AID THROUGH THE FEDERAL WORK STUDY PROGRAM, STAFFORD LOANS, PERKINS LOANS, AND VARIOUS STATE BASED SCHOLARSHIPS AND AWARDS. true North America Program Services STUDY ABROAD 3525 Sub-Saharan Africa Program Services STUDY ABROAD 15860 Central America and the Caribbean Program Services STUDY ABROAD 17489 36874 36874 false false false false false false PART I LINE 2 ACTIVITIES OUTSIDE THE UNITED STATES RELATE TO STUDY ABROAD TRIPS. EXPENDITURES OF COLLEGE FUNDS DURING STUDY ABROAD TRIPS ARE MONITORED BY STAFF AND FACULTY CHAPERONES ACCOMPANYING STUDENTS ON THE TRIP. THESE EXPENDITURES ARE REVIEWED AND APPROVED BY FACULTY AND STAFF SUPERVISORS. GOLF SCRAMBLE 20427 12327 8100 300 6315 1277 0 20427 12327 8100 300 6315 1277 7892 208 true GRANTS AND SCHOLARSHIPS 1548 7921244 MONITORING USE OF GRANT FUNDS MARYGROVE COLLEGE ASSISTS STUDENTS ON THE BASIS OF FINANCIAL NEED, STUDENT ACCOMPLISHMENT AND ACADEMIC ACHIEVEMENT. ALL STUDENTS REQUESTING FINANCIAL ASSISTANCE MUST COMPLETE THE FREE APPLICATION FOR FEDERAL STUDENT AID. THIS INFORMATION IS REVIEWED MARYGROVE COLLEGE FINANCIAL AID STAFF. GRANT AWARDS ARE CREDITED DIRECTLY TO THE STUDENT ACCOUNTS. PART III LINE 1 FOR 6/30/2014, MARYGROVE COLLEGE UPDATED THE FINANCIAL STATEMENT PRESENTATION OF ITS SCHOLARSHIPS AND GRANTS. THIS ACCOUNTS FOR WHAT APPEARS TO BE A DROP IN FINANICAL AID AWARDS DUE TO A NETTING OF PELL EXPENSES AGAINST THE GRANT FUNDS. TOTAL GRANTS AWARDED HAVE REMAINED CONSISTENT BASED ON THE NUMBER OF STUDENTS RECEIVING FINANCIAL AID. X X X true true X X X false false false false false false false false false DR DAVID FIKE PRESIDENT 269467 0 0 0 0 0 2740 0 19159 0 291366 0 0 0 KENNETH MALECKE VP INSTITUTIONAL ADVANCEMENT 194850 0 0 0 0 0 2088 0 8908 0 205846 0 0 0 EXPLANATION OF BENEFITS THE PRESIDENT, DR. DAVID FIKE, RECEIVES A HOUSING ALLOWANCE WHICH IS INCLUDED ON HIS W-2. SOCIAL CLUB DUES AND TRAVEL FOR COMPANIONS ARE PROVIDED AS WELL FOR BUSINESS AND NETWORKING PURPOSES. ANY NON-BUSINESS PERSONAL USE IS INCLUDED ON THE PRESIDENT'S W-2. ADDITIONALLY, A HOUSING ALLOWANCE WAS PROVIDED FOR WILLIAM JOHNSON, VICE PRESIDENT OF FINANCE AND ADMINISTRATION AND INCLUDED ON HIS W-2. X 1 5884 FMV false true true SCHEDULE M LINE 32B THE COLLEGE USES NORTHERN TRUST TO SELL CONTRIBUTIONS OF MARKETABLE SECURITIES. PART VI QUESTION 11A THE FORM 990, IN ITS ENTIRETY, IS REVIEWED BY THE VICE PRESIDENT OF FINANCE AND ADMINISTRATION AND THE CHAIRS OF THE AUDIT AND FINANCE COMMITTEES. THE FORM 990 IS ALSO REVIEWED BY AN INDEPENDENT CPA FIRM. PRIOR TO SUBMISSION OF THE FORM 990, A COPY OF THE COMPLETED FORM, EXCLUDING SCHEDULE B, IS PROVIDED TO THE ENTIRE BOARD OF TRUSTEES. AFTER THE PROCESS, THE FORM AND SCHEDULES ARE SUBMITTED TO THE IRS. PART VI QUESTION 12C THE COLLEGE SENDS AN ANNUAL CONFLICT OF INTEREST QUESTIONNAIRE TO OFFICERS, TRUSTEES, KEY EMPLOYEES AND HIGHEST COMPENSATED EMPLOYEES. THE QUESTIONNAIRE REQUIRES DISCLOSURE OF BUSINESS AND FAMILY RELATIONSHIPS, AS WELL AS TRANSACTIONS THAT WOULD IMPEDE INDEPENDENCE IN ACCORDANCE WITH THE COLLEGE'S CONFLICT OF INTEREST POLICY. THE COMPLETED QUESTIONNAIRES ARE REVIEWED BY THE VICE PRESIDENT OF FINANCE AND ADMINISTRATION. ANY CONFLICTS ARE DISCUSSED WITH THE CHAIRS OF THE AUDIT AND FINANCE COMMITTEES TO DETERMINE THE NECESSARY COURSE OF ACTION. ADDITIONALLY, THE VICE PRESIDENT FOR FINANCE AND ADMINISTRATION REVIEWS ALL ACCOUNTS PAYBLE VOUCHERS TO CONFIRM PAYMENTS ARE NOT MADE TO TRUSTEES OR KEY EMPLOYEES OTHER THAN AS RELATES TO THEIR OFFICIAL ROLE. PART VI QUESTION 15A & 15B: A COMMITTEE OF THE BOARD OF TRUSTEES PERFORMS A REVIEW OF THE PRESIDENT'S CONTRACT AT THE TIME OF CONTRACT EXPIRATION. THE VICE PRESIDENT OF FINANCE AND ADMINISTRATION'S COMPENSATION WAS APPROVED AT THE TIME OF HIRE BY KEY MEMBERS OF THE BOARD. DURING THE HIRING PROCESS, THE BOARD COMPARES COMPENSATION TO BENCHMARKS WITHIN THE INDUSTRY STANDARD. PART VI QUESTION 19: THE CONFLICT OF INTEREST POLICY, FINANCIAL STATEMENTS AND GOVERNING DOCUMENTS ARE AVAILABLE UP0N REQUEST.