2015-02-11T08:59:31-06:00 2014-06-30 BKD LLP 211 N BROADWAY SUITE 600 ST LOUIS MO 631022733 990 2013-07-01 430652675 St Louis College Of Pharmacy % GARY TORRENCE STLO 3143678700 4588 Parkview Place Suite St Louis MO 631101088 DR JOHN A PIEPER PRESIDENT 3143678700 2015-02-06 true Donna J Larson P00043751 3143678700 2013 2016-02-25 16:41:14Z DR JOHN A PIEPER 4588 PARKVIEW PL ST LOUIS MO 631101088 92694672 false X www.stlcop.edu X 1864 MO EDUCATIONAL INSTITUTION TO PROVIDE PROFESSIONAL EDUCATION TO STUDENTS TO RECEIVE A GRADUATE DEGREE IN PHARMACY. 17 17 773 0 44086 34662 1481629 1983184 38757692 41357611 8893210 16502989 113002 108578 49245533 59952362 5862927 6133779 0 0 20302280 22777612 0 0 1425151 14009302 16523103 40174509 45434494 9071024 14517868 180163691 251755065 45992019 100534768 134171672 151220297 EDUCATIONAL INSTITUTION TO PROVIDE PROFESSIONAL EDUCATION TO STUDENTS TO RECEIVE A GRADUATE DEGREE IN PHARMACY. false false 34847786 6036735 38171358 STUDENT EDUCATION: TO PROVIDE STUDENTS WITH INSTRUCTION, BOOKS AND MATERIALS TO OBTAIN GRADUATE DEGREES IN PHARMACY. NUMBER OF PERSONS ENROLLED: SPRING 1,324, FALL 1,348. 3784619 97044 2790341 STUDENT HOUSING AND PARKING: TO PROVIDE ROOM AND BOARD FOR STUDENTS OF THE ST. LOUIS COLLEGE OF PHARMACY. NUMBER OF PERSONS HOUSED 257, ALSO PROVIDES PARKING FOR 540. 1128292 0 395912 OTHER NON-OPERATING ACTIVITIES 39760697 true true false false false false false true false true true true false true true false true false true false true false false false false 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 X 57 0 true 773 true true true true CJ UK false false false false false false false false X 17 17 false false false false false false false true true false false true true true true true false true false false X GARY TORRENCE 3143678700 4588 PARKVIEW PL ST LOUIS MO 631101088 X RICHARD ANDERSON TREASURER 1.0 0.0 X X 0 0 0 JANE ARNOLD CHAIR 1.0 0.0 X X 0 0 0 PAUL BEAHM TRUSTEE 1.0 0.0 X 0 0 JAMES BUFORD TRUSTEE 1.0 0.0 X 0 0 0 STEPHEN CALLOWAY TRUSTEE 1.0 0.0 X 0 0 0 JACK CANTLIN TRUSTEE 1.0 0.0 X 0 0 0 RENATO CATALDO TRUSTEE 1.0 0.0 X 0 0 0 KEVIN COLGAN VICE-CHAIR 1.0 0.0 X X 0 0 0 ARTHUR CULBERT TRUSTEE 1.0 0.0 X 0 0 0 MAZEN DARWAZAH TRUSTEE 1.0 0.0 X 0 0 0 FRANKIE EICHENBERGER TRUSTEE 1.0 0.0 X 0 0 0 TODD EVERS SECRETARY 1.0 0.0 X X 0 0 0 JOSEPH FLEISHAKER SENIOR VICE-CHAIR 1.0 0.0 X X 0 0 0 CATHERINE GOETZ TRUSTEE 1.0 0.0 X 0 0 0 ELAINE HAYNES TRUSTEE 1.0 0.0 X 0 0 0 RICHARD LIEKWEG TRUSTEE 1.0 0.0 X 0 0 0 JAMES SANGER TRUSTEE 1.0 0.0 X 0 0 0 JOHN PIEPER PRESIDENT 40.0 0.0 X 422132 0 37981 WENDY DUNCAN DEAN OF PHARMACY 40.0 0.0 X 93711 0 10425 KIMBERLY GILGORE DEAN OF ARTS & SCIENCE 40.0 0.0 X 188493 0 26693 GARY TORRENCE VP, FINANCE & CEO 40.0 0.0 X 200076 0 28505 MARCUS LONG VP, MARKETING & COMM 40.0 0.0 X 182243 0 30999 JOHN BURKE DIRECTOR, POST GRAD ED 40.0 0.0 X 156469 0 26206 TRICIA BERRY DIRECTOR, PHARMACY PRACTICE 40.0 0.0 X 172938 0 13316 PETER HURD PROFESSOR, PHARMACY ADMIN 40.0 0.0 X 151316 0 21841 BRENDA GLEASON PROFESSOR, PHARMACY PRACTICE 40.0 0.0 X 152259 0 24327 THOMAS PATTON PRESIDENT EMERITUS 40.0 0.0 X 154188 0 55506 1873825 0 275799 47 true true false CANNON DESIGN 1100 CLARK AVE ST LOUIS MO 63102 ENGINEERING 892333 PEDESTAL FOODS 15480 CLAYTON RD SUITE 301 BALLWIN MO 63011 FOOD SERVICE 894951 ALLIED BARTON SECURITY SERVICES PO BOX 828854 PHILADELPHIA PA 191828854 SECURITY SERVICE 501422 JENZABAR PO BOX 55018 BOSTON MA 022025018 COMPUTER SERVICE 190402 SUMMIT STRATEGIES 8182 MARYLAND AVE 6TH FLOOR ST LOUIS MO 63105 INVESTMENT MANAGER 159211 10 391507 1591677 265775 1983184 TUITION & HOUSING 611600 41357611 41357611 41357611 3522741 44086 3478655 0 0 0 0 0 45722558 32742310 12980248 12980248 12980248 0 0 0 HOLIDAY DANCE 900099 21450 21450 PROFESSIONAL PROGRAM FEE 611710 9882 9882 VENDING MACHINES 722210 6437 6437 70809 70809 108578 59952362 41357611 44086 16567481 0 6133779 6133779 0 0 884776 231831 652945 0 17240253 15308296 1360804 571153 1134020 992325 96993 44702 2277285 2000325 186965 89995 1241278 1087419 112386 41473 0 120391 120391 162944 162944 0 0 752276 752276 1641507 1496625 144882 0 1255685 1159325 38607 57753 1105732 1063669 42063 0 654870 654870 0 0 556075 431860 66231 57984 1689002 1689002 0 3628964 3628964 180540 180540 SPECIAL EVENTS 1417169 998875 41527 376767 FACULTY DVMT/RESEARCH 728039 467266 260773 FOOD DORMITORY 684206 684206 INCOME TAX EXPENSE 4180 0 4180 1941523 1732060 169021 40442 45434494 39760697 4248646 1425151 573678 380324 3792803 5718565 215103 273373 1287270 607050 0 0 0 0 0 0 0 0 630545 650352 75038435 32693621 39002196 42344814 84235195 86395731 43010893 58391314 5350294 5344473 0 0 2065714 51649069 180163691 251755065 2850702 3453402 0 0 2086650 2094605 34310000 88212517 0 0 0 0 6120222 6034958 0 0 624445 739286 45992019 100534768 X 121549945 137629161 5864593 6274820 6757134 7316316 134171672 151220297 180163691 251755065 X 14517868 2545088 -14331 X false true X true true true X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 64000 X X X false 127623652 257342 19021987 0 1077934 0 145825047 114141674 1374633 13150819 0 1043474 0 127623652 111546374 2512662 1090625 0 1007987 0 114141674 83426512 8972455 20116041 0 968634 0 111546374 72199524 2333529 9536185 0 642726 0 83426512 0.93000 0.05000 0.02000 false false 2622399 2622399 50754592 20089793 30664799 1451829 1451829 0 11451611 8895880 2555731 8758004 2256119 6501885 42344814 ALTERNATE STRATEGIES 49178546 F REAL ESTATE 9212768 F 58391314 ASSETS LIMITED AS TO USE 49805219 ASSETS HELD BY TRUSTEES 696132 DEFERRED BOND ISSUANCE COSTS 1047730 OTHER RECEIVABLES 39617 OTHER 60371 51649069 0 FUNDS HELD FOR OTHERS 129820 PAYABLE TO ANNUITANTS 65730 DEFERRED COMPENSATION 543736 739286 56923795 2545088 15371 2560459 54363336 5589026 5589026 59952362 39875170 14422 14422 39860748 5573746 5573746 45434494 DESCRIPTION AND USE OF THE ORGANIZATION'S COLLECTIONS PART III, LINE 4 THE MORTAR AND PESTLE COLLECTIONS ARE DISPLAYED IN THE COLLEGE'S LOBBY AND LIBRARY. THE ITEMS PRESERVE THE HISTORY OF THE PHARMACY PROFESSION FOR FUTURE GENERATIONS. USE OF ENDOWMENT FUNDS PART V, LINE 4 THE PURPOSE OF THE ENDOWMENT FUND IS TO SUPPORT THE COLLEGE IN ACHIEVING ITS MISSION. FIN 48 DISCLOSURE 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. RECONCILIATION OF REVENUE PER AUDITED FIN STMTS WITH REVENUE PER RETURN PART XI, LINE 2D RECLASSIFICATION OF EXPENSE $ 14,422 NET CHANGE IN CASH SURRENDER VALUE $ 949 ---------------------------------------------------------------------- TOTAL $ 15,371 RECONCILIATION OF REVENUE PER AUDITED FIN STMTS WITH REVENUE PER RETURN PART XI, LINE 4B TUITION DISCOUNTS/SCHOLARSHIPS RECLASSED $ 5,573,746 CHANGE IN SPLIT INTEREST AGREEMENTS $ 15,047 NET CHANGE IN COLLEGE CONTRIBUTION TO FEDERAL LOAN PROGRAM $ 233 ---------------------------------------------------------------------- TOTAL $ 5,589,026 RECONCILIATION OF EXPENSE PER AUDITED FIN STMTS WITH EXPENSES PER RETURN PART XII, LINE 2D RECLASSIFICATION OF EXPENSE $ 14,422 RECONCILIATION OF EXPENSE PER AUDITED FIN STMTS WITH EXPENSES PER RETURN PART XII, LINE 4B TUITION DISCOUNTS/SCHOLARSHIPS RECLASSED $ 5,573,746 true true true true true true true false false false false false false false false true false true RACIALLY NONDISCRIMINATORY POLICY PART I, LINE 3 THE COLLEGE POLICY OF RACIAL NONDISCRIMINATION IS PUBLISHED IN ALL ADMISSIONS CATALOGS AND MATERIAL AND MADE AVAILABLE TO ALL PROSPECTIVE STUDENTS. GOVERNMENTAL AID OR ASSISTANCE PART I, LINE 6 THE ORGANIZATION RECEIVES FINANCIAL AID OR ASSISTANCE FROM THE DEPARTMENT OF EDUCATION HIGHER EDUCATION PROGRAMS. Central America and the Caribbean Investments 18261849 Europe (Including Iceland and Greenland) Investments 1720958 19982807 19982807 true false true true true false FOREIGN INVESTMENT BALANCE PART I, LINE 3 ST. LOUIS COLLEGE OF PHARMACY HAD THE FOLLOWING FOREIGN INVESTMENT BALANCES FOR THE YEAR: BLACKSTONE PARTNERS OFFSHORE FUND LTD $ 6,880,363 SELECTINVEST MULTISTRATEGY, LTD 269,202 MAGNITUDE INTERNATIONAL 5,741,599 57 STARS GLOBAL OPPORTUNITY FUND 3 474,524 TITAN TRADING FUND OFFHORE 4,784,688 FOREIGN INVESTMENT FEES 111,473 ----------------------------------------------------------- TOTAL CENTRAL AMERICA/CARIBBEAN INVESTMENTS $18,261,849 PGSF IV FEEDER, LP $ 1,720,958 ----------------------------------------------------------- TOTAL EUROPE INVESTMENTS $ 1,720,958 true SEOG 86 164554 PRESIDENT'S SCHOLARSHIP 129 1028000 FACULTY MEMORIAL SCHOLARSHIP 132 396481 HIGH PROFICIENCY SCHOLARSHIP 223 894000 TUITION/ROOM/BOARD REMISSION 10 97044 NEED BASED GRANTS 119 273984 COLLEGE SPONSORED SCHOLARSHIPS - MISC 193 567053 COLLEGE CONTRIBUTION-SEOG 86 41138 COLLEGE CONTRIBUTION-C/W/S 284 50200 COLLEGE CONTRIBUTION-O.J. CLOUGHLY LN. FD. 3 6000 DEANS SCHOLARSHIP 293 1615551 AMBASSADOR SCHOLARSHIP 51 25500 ANNA J CLOUGHLY CONTRIBUTION 1 500 ATHLETIC SCHOLARSHIP 161 164500 PRESIDENT'S MERIT AWARD 143 809274 PROCEDURES FOR MONITORING THE USE OF GRANT FUNDS IN THE UNITED STATES PART I, LINE 2 THE STUDENT GRANTS AND AWARDS ARE FINANCIAL AID FUNDS WHICH THE FINANCIAL AID OFFICE HAS DETERMINED EACH STUDENT WAS ELIGIBLE TO RECEIVE. THE BUSINESS OFFICE REVIEWS THEIR LIST, PRIOR TO ENTERING THE AWARDS DIRECTLY ON EACH STUDENT'S TUITION ACCOUNT, AS PAYMENT. FINANCIAL AID OFFICE IS PROVIDED MONTHLY REPORTS AS THESE AWARDS ARE EXPENSED OUT OF THE FINANCIAL AID BUDGET. STUDENTS ARE AWARE OF THESE AWARDS THROUGH VARIOUS PUBLICATIONS. STUDENTS HAVE DIRECT ACCESS TO ALL DETAILS OF THEIR TUITION ACCOUNT. X X true true X X X X false false false false false false false true false JOHN PIEPER PRESIDENT 347903 0 51970 0 22259 0 26254 0 11727 0 460113 0 0 0 KIMBERLY GILGORE DEAN OF ARTS & SCIENCE 172933 0 15000 0 560 0 14243 0 12450 0 215186 0 0 0 GARY TORRENCE VP, FINANCE & CEO 185029 0 13686 0 1361 0 15278 0 13227 0 228581 0 0 0 MARCUS LONG VP, MARKETING & COMM 161899 0 20000 0 344 0 13382 0 17617 0 213242 0 0 0 JOHN BURKE DIRECTOR, POST GRAD ED 155941 0 0 0 528 0 13152 0 13054 0 182675 0 0 0 TRICIA BERRY DIRECTOR, PHARMACY PRACTICE 172808 0 0 0 130 0 12910 0 406 0 186254 0 0 0 PETER HURD PROFESSOR, PHARMACY ADMIN 150558 0 0 0 758 0 12660 0 9181 0 173157 0 0 0 BRENDA GLEASON PROFESSOR, PHARMACY PRACTICE 152140 0 0 0 119 0 12648 0 11679 0 176586 0 0 0 THOMAS PATTON PRESIDENT EMERITUS 144634 0 0 0 9554 0 39419 0 16087 0 209694 0 0 0 HEALTH OR SOCIAL CLUB DUES OR INITIATION FEES PART I, LINE 1(A) DR. JOHN A. PIEPER, THE PRESIDENT, RECEIVED PAYMENT FOR HEALTH/SOCIAL CLUB MEMBERSHIP DUES AND A HOUSING ALLOWANCE. THE PRESIDENT PAID THE COLLEGE FOR HIS PERSONAL USE OF THE HEALTH/SOCIAL CLUB MEMBERSHIP AND THE HOUSING ALLOWANCE WAS INCLUDED IN HIS W-2. THOMAS PATTON, THE FORMER PRESIDENT, RECEIVED HEALTH/SOCIAL CLUB MEMBERSHIP DUES, WHICH WERE INCLUDED IN HIS TAXABLE COMPENSATION. NON-FIXED PAYMENTS PART I, LINE 7 EACH INDIVIDUAL'S BONUS IS BASED UPON THE COLLEGE'S PERFORMANCE AND THE INDIVIDUAL'S PERFORMANCE COMPARED TO THEIR ANNUAL GOALS. THE BONUSES ARE APPROVED BY THE BOARD. THE FOLLOWING INDIVIDUALS RECEIVED THE NON-FIXED PAYMENT: JOHN PIEPER, PRESIDENT KIMBERLY KILGORE, DEAN OF ARTS & SCIENCE GARY G TORRENCE, VP FINANCE & CFO MARCUS LONG, VP MARKETING & COMMUNICATIONS A HLTH & ED FACILITIES AUTHORITY OF THE STATE OF MO 431178966 606901Z33 2006-02-24 45755000 SEE PART VI false false false B HLTH & ED FACILITIES AUTHORITY OF THE STATE OF MO 431178966 60636AFY4 2013-11-15 78293770 SEE PART VI false false false A 33875000 0 44755000 0 0 0 777835 691000 0 0 44286165 0 2003 true false true true B 1930000 0 78340503 0 1519555 0 796623 0 0 4537410 22543436 48943479 true false false true A 0 B false false false false 0 false false false true A false false true false false false 0 false 0 false true B false true false false false false 0 false 0 false true A true B true PART I, LINE A, COLUMN F PROCEEDS OF THE SERIES 2006 BONDS WERE USED TO CURRENT REFUND THE SERIES 2001 BONDS ISSUED 05/23/2001. PART I, LINE B, COLUMN F PROCEEDS OF THE SERIES 2013 BONDS WERE USED (A) TO CURRENT REFUND THE SERIES 2006 BONDS ISSUED 02/24/2006 AND (B) TO CONSTRUCT A NEW ACADEMIC BUILDING. PART II, LINE 3, COLUMN B THE DIFFERENCE IN THE AMOUNT LISTED ON PART I, LINE B, COLUMN E AND THE AMOUNT LISTED ON PART II, LINE 3, COLUMN B IS DUE TO INVESTMENT EARNINGS. PART II, LINE 13, COLUMN B THE PROJECT FINANCED WITH THE SERIES 2013 BONDS HAS NOT BEEN PLACED IN SERVICE AS OF 6/30/2014. PART III, COLUMN A THE SERIES 2006 BONDS REFUNDED THE SERIES 2001 BONDS, WHICH WERE ISSUED PRIOR TO 01/01/2003. ACCORDINGLY, IN PART III, COLUMN A, ST. LOUIS COLLEGE OF PHARMACY ("STL COP") IS NOT REPORTING ON THE PROJECTS FINANCED BY THE SERIES 2001 BONDS. PART IV, LINE 7, COLUMN A AND B AND PART V, LINE 1 COLUMN A AND B STL COP ADOPTED WRITTEN COMPLIANCE PROCEDURES ADDRESSING ITS TAX-EXEMPT BONDS ON SEPTEMBER 26, 2013. X 7 265775 FMV false false false SECURITIES - PUBLICLY TRADED PART I, LINE 1(9)(B) THE ORGANIZATION IS REPORTING THE NUMBER OF CONTRIBUTIONS. REVIEW PROCESS FORM 990, PART VI, SECTION A, QUESTION 11B THE STAFF MEMBERS THAT PROVIDE INFORMATION TO THE OUTSIDE PREPARER CONDUCT A THOROUGH REVIEW OF A DRAFT OF THE RETURN. THE FINAL VERSION IS REVIEWED IN DETAIL BY THE FINANCE COMMITTEE. THE RETURN IS THEN FORWARDED TO THE BOARD MEMBERS FOR REVIEW BEFORE FILING THE RETURN WITH THE INTERNAL REVENUE SERVICE. COMPLIANCE WITH CONFLICT OF INTEREST POLICY FORM 990, PART VI, SECTION B, LINE 12C FACULTY, STAFF, AND THE BOARD OF TRUSTEES ARE REQUIRED TO DISCLOSE ANNUALLY INTERESTS THAT COULD GIVE RISE TO CONFLICT. ALL CONFLICTS OF INTEREST ARE REVIEWED BY THE FACULTY GOVERNANCE COMMITTEE, THE DIRECTOR OF HUMAN RESOURCES, AND THE BOARD OF TRUSTEES. ALL PERSONS ARE INSTRUCTED TO REFRAIN FROM ACTIVITIES THAT GIVE RISE TO CONFLICT. ALL CONTRACTS AND PURCHASES IN EXCESS OF $1,000 REQUIRE APPROVAL OF THE CFO. THE PRESIDENT'S APPROVAL IS REQUIRED FOR $5,000 AND ABOVE. PROCESS FOR DETERMINING COMPENSATION FORM 990, PART VI, SECTION B, LINE 15A/B AS PART OF THE PROCESS FOR DETERMINING COMPENSATION, SALARY INFORMATION FOR PRESIDENTS OF SIMILAR SIZED COLLEGES AND FORMS 990 WERE PROVIDED BY A RECRUITING FIRM. ADDITIONAL FACTORS INCLUDED A REVIEW OF THE PRESIDENT'S PERFORMANCE RATING BY THE BOARD AND THE COLLEGE'S BUDGETED SALARY FOR FACULTY AND STAFF. BONUSES WERE BASED ON CONTRACT TERMS AND THE PRESIDENT'S PERFORMANCE AS COMPARED TO OBJECTIVES. THE BOARD OF TRUSTEES MEET IN JUNE AND APPROVE AN ADJUSTMENT. THE CHAIRPERSON MEETS WITH THE PRESIDENT TO DISCUSS PAST GOALS, NEW GOALS AND SALARY ADJUSTMENT. PROCESS FOR MAKING DOCUMENTS AVAILABLE TO PUBLIC FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. OTHER CHANGES IN NET ASSETS FORM 990, PART XI, LINE 9 CHANGE IN CASH SURRENDER VALUE $ 949 NET CHANGE IN CONTRIBUTION TO FEDERAL LOAN PROGRAM ($ 233) CHANGE IN SPLIT INTEREST AGREEMENT ($15,047) -------------------------------------------------------------- TOTAL OTHER CHANGES IN NET ASSETS ($14,331) CHARITABLE REMAINDER TRUST REMAINDER TRU MO US BANK TRUST 1.00000 false false false false false false false false false false false false false false false false false false false false