2015-05-11T11:09:38-05:00 2014-06-30 GRANT THORNTON LLP 2001 MARKET STREET SUITE 700 PHILADELPHIA PA 19103 990 2013-07-01 231413680 Salus University % DONALD KATES VP FOR FINANCE SALU 2157801400 8360 Old York Road Suite Elkins Park PA 19027 DONALD KATES VICE PRESIDENT OF FINANCE 2157801400 2015-05-08 true Frank Giardini P00532355 2157801400 2013 2016-03-07 17:11:31Z DR MICHAEL H MITTELMAN 8360 Old York Road Elkins Park PA 19027 43366947 false X www.salus.edu X 1919 PA TO EDUCATE HEALTH CARE PROFESSIONALS AND PROVIDE PATIENT CARE AND REHABILITATIVE SERVICES THAT ADVANCE THE WELFARE OF THE PUBLIC WORLDWIDE. 23 20 738 19 0 0 4497240 6119066 32021495 34459632 7485 8793 2397393 1608058 38923613 42195549 987823 1347940 0 0 23282511 27256271 11740 24525 179599 13118259 12201659 37400333 40830395 1523280 1365154 94516071 101647933 45798396 47186605 48717675 54461328 X THE MISSION OF SALUS UNIVERSITY IS TO EDUCATE HEALTH CARE PROFESSIONALS AND EDUCATORS, CONDUCT RESEARCH AND PROVIDE PATIENT CARE AND REHABILITATIVE SERVICES THAT ADVANCE THE WELFARE OF THE PUBLIC WORLDWIDE. false false 20631403 1347940 31704436 SALUS UNIVERSITY IS A FOUR YEAR POST GRADUATE EDUCATIONAL INSTITUTION. THE UNIVERSITY PROGRAMS LEAD TO DOCTORAL DEGREES IN OPTOMETRY AND AUDIOLOGY AND MASTERS DEGREES IN MEDICAL SCIENCE, LOW VISION REHABILITATION AND OTHERS. THE UNIVERSITY ENROLLS APPROXIMATELY 960 STUDENTS. DURING THE YEAR OVER 320 STUDENTS EARNED DEGREES. 6818907 2738646 THE UNIVERSITY OPERATES A CLINICAL TEACHING FACILITY FOR THE OPTOMETRY PROGRAM. APPROXIMATELY 300 STUDENTS ARE TRAINED ANNUALLY. THE CLINICS PROVIDE EYECARE AND EAR CARE TO APPROXIMATELY 45,000 PATIENTS A YEAR. The Ear Care clinic is reported on a seperate 990. 2694110 16550 THE UNIVERSITY RECEIVES FEDERAL, STATE AND PRIVATE GRANTS TO SUPPORT BASIC RESEARCH, CLINICAL RESEARCH, SPECIALIZED TRAINING AND STUDENT FINANCIAL AID. THESE AMOUNTS ARE EXPENDED PURSUANT TO THE GRANT AGREEMENT. 138000 Haffer Center Fees 138000 30144420 true true false true false false false false true true false true false true true false true true false true false true true false false false false true true true true false false false false false false false false false false false false false false true true true false false true 733 0 true 738 true false false false false false false false false false false X 23 20 false false false false false false false true true false false true true true true true true true true false PA X DONALD KATES VP FOR FINANCE 2157801240 8360 OLD YORK ROAD Elkins Park PA 19027 MICHAEL HMITTELMAN PRESIDENT 35.0 1.0 X X 138000 0 2116 Jo Surpin Chairperson 1.0 1.0 X 0 0 0 Dr Dan Abramowicz First Vice Chair 1.0 X 0 0 0 DR BARRY J FARKAS Treasurer 1.0 1.0 X 0 0 0 DR I William Collins Secretary 1.0 1.0 X 0 0 0 dr derrick artis trustee 1.0 X 0 0 0 Dr Mark Boas Trustee 1.0 1.0 X 16100 0 0 DR Craig Cassey Trustee 1.0 X 0 0 0 Dr Robert Cole Trustee 1.0 X 0 0 0 Mr Richard DePiano Trustee 1.0 X 0 0 0 Dr Christopher Dezzi Trustee 1.0 X 0 0 0 Dr David Dozack Trustee 1.0 X 0 0 0 LYNN GREENSPAN FACULTY TRUSTEE (START 1/1/13) 35.0 X 94474 0 16412 Shirley Gregory Trustee 1.0 X 0 0 0 Keith D Ignotz Trustee 1.0 X 0 0 0 Joseph w Marshall III Trustee 1.0 X 0 0 0 Carl A Polsky Trustee 1.0 X 0 0 0 Mindy M Posoff Trustee 1.0 X 0 0 0 Dr Elois G Rogers-Phillips Trustee 1.0 X 0 0 0 Jane Scaccetti Trustee 1.0 1.0 X 0 0 0 KATHRYN TRIBULSKI STUDENT TRUSTEE 1.0 X 0 0 0 Dr Harvey Wolbransky Trustee 1.0 X 0 0 0 Anthony DiStefano Vice President- Acad Affairs 35.0 X 228434 0 34509 Donald Kates Vice President - Finance 35.0 1.0 X 184414 0 29808 Susan Oleszewski Chief of Staff 35.0 X 179888 0 25413 Linda Casser Dean - OD Program 35.0 X 188902 0 26757 VICTOR HUGO BRAY JR Dean 30.0 10.0 X 164684 0 23994 Lorraine Lombardi Associate Dean 35.0 X 187587 0 21297 Audrey Smith Associate Dean 35.0 X 185232 0 21968 James M Caldwell Dean Student Affairs 35.0 X 163806 0 23602 DR THOMAS L LEWIS FORMER DIRECTOR & OFFICER 33.0 7.0 X 276409 34850 38951 2007930 34850 264827 57 true true false FOX ROTHSCHILD LLP 2000 MARKET STREET 20TH FLOOR PHILADELPHIA PA 19103 LEGAL 283429 LIEBENOW AND TOROK INC 7309 ARLINGTON BLVD SUITE 202 FALLS CHURCH VA 22042 FITNESS CENTER MGR 233496 APPNET SOLUTIONSCOM LLC 5880 OAK TERRACE DRIVE VIRGINIA BEACH VA 23464 TECHNOLOGY 195805 JAMES J CLEARKIN 110 FRANKLIN AVE CHELTENHAM PA 19012 CONSTRUCTION 438753 EDWARD B O'REILLY ASSOCIATES 30 WEST HIGHLAND AVE PHILADELPHIA PA 19118 Building Contractor 198010 6 4906343 1212723 6119066 TUITION 900099 31704436 31704436 PATIENT CARE - NET 900099 2738646 2738646 EDUCATION SALES & SERVICES 900099 16550 16550 34459632 8793 8793 0 0 1376623 973083 403540 0 403540 403540 0 0 0 186162 198315 -12153 -12153 MANAGEMENT FEE - FOUNDATION 900099 255000 255000 HAFTER CENTER FEES 900099 138000 138000 BOOKSTORE COMMISSION 900099 23359 23359 800312 800312 1216671 42195549 34597632 1478851 0 1239180 1239180 108760 108760 0 2640428 1442342 1198086 0 18469956 14643338 3785386 41232 1483065 1192346 286823 3896 3284010 2590737 685435 7838 1378812 1082528 293066 3218 0 268706 5097 263609 102666 102666 21111 21111 24525 24525 0 0 0 651337 511812 136290 3235 0 0 922786 341460 581326 450234 381537 57299 11398 0 92932 91107 1488 337 0 0 2036414 2036414 408845 223444 185401 GRANT EXPENSES 4532294 4532294 EQUIPMENT RENTAL AND MAINTENAN 1102387 490352 597671 14364 PRINTING AND PUBLICATIONS 416161 396587 -7649 27223 POSTAGE/SHIPPING 112545 54335 55869 2341 1083241 817164 226085 39992 40830395 30144420 10506376 179599 0 0 8717711 10345835 0 0 1775136 1305848 0 0 0 0 14480072 14716187 86732 98311 286983 185890 62957336 31168615 32147545 31788721 30663 0 0 0 35348178 40579720 0 0 1643051 2627421 94516071 101647933 1970684 3328939 0 0 7304383 7956570 8660000 7850000 0 0 0 0 764125 503100 0 0 27099204 27547996 45798396 47186605 X 41412591 46092263 3330666 4153540 3974418 4215525 48717675 54461328 94516071 101647933 X 1365154 4378499 X false true X true true true X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false false false false false false false false true 21111 21111 false false 20564011 479437 2466462 586997 22922913 18706833 171677 2259678 574177 20564011 19295567 40244 -261107 367871 18706833 15969601 71024 3812739 557797 19295567 14690431 71125 1807200 599155 15969601 0.74000 0.16000 0.10000 false true true 2305370 2305370 43539789 16895456 26644333 14273159 -14273159 17112177 17112177 31788721 INVESTMENT IN SUBSIDIARY 40579720 F 40579720 0 GOVERNMENT ADVANCES 15406735 POST RETIREMENT BENEFITS 10655272 MISCELLANEOUS 1485989 27547996 X 48174097 4807151 4807151 43366946 -1171397 -1171397 42195549 41283214 1800759 1800759 39482455 1347940 1347940 40830395 Endowment Funds Form 990, Schedule D, Part V The endowment funds are held by Pennsylvania College of Optometry Foundation, a related tax-exempt organization. The Pennsylvania College of Optometry Foundation's endowment consists of a portfolio of actively managed funds established to provide both a source of operating funds as well as long-term financial stability. The endowment includes both donor restricted endowment funds and funds designated by the Board of Trustees to function as endowments or quasi endowments. Endowment funds may have purpose restrictions on use of the income. Income Taxes Form 990, Schedule D, Part X, Line 2 The University follows the accounting guidance for uncertainties in income tax positions, which requires that a tax position be recognized or derecognized based on a "more likely than not" threshold. This applies to positions taken or expected to be taken in a tax return. The University does not believe its consolidated financial statements include any material uncertain tax positions. Reconciliation of Revenue Form 990, Schedule D, Part XI Line 2d: AU Clinic - PEI Income 469,550 Income (Loss) from Foundation 5,231,541 Scholarships (reclass to expense) (1,347,940) Non operating gains Other 454,000 ---------- Total Line 2d 4,807,151 ========== Line 4b: Rent Expense (reclass to revenue) (973,082) Cost of Sales of Contact Lens (reclass to revenue) (198,315) ---------- Total Line 4b (1,171,397) Reconciliation of Expenses Form 990, Schedule D, Part XII Line 2d: AU Clinical PEI Expenses 629,362 Rent Expense (reclass to revenue) 973,082 Cost of Sale of Contact Lens (reclass to revenue) 198,315 --------- Total 1,800,759 ========= Line 4b: Scholarships 1,347,940 true true true true true true true false false false false false false false false true false true Schedule E, Line 3 THE UNIVERSITY HAS A WRITTEN POLICY ESTABLISHING ITS NON-DISCRIMINATION POLICY. IT IS PUBLISHED IN THE STUDENT HANDBOOK AND ON THE APPLICATION FOR ADMISSIONS. Schedule E, Line 6b THE UNIVERSITY RECEIVES FUNDING FROM GOVERNMENTAL AGENCIES FOR STUDENT TUITION ASSISTANCE IN ACCORDANCE WITH PROGRAMS SUCH AS SDS- SCHOLARSHIPS FOR DISADVANTAGED STUDENTS. true East Asia and the Pacific 9 Program Services Teaching 84538 Europe (Including Iceland and Greenland) 16 Program Services Teaching 130558 Middle East and North Africa 4 Program Services Teaching 107808 29 29 322904 322904 Scholarship East Asia and the Pacific 1 4438 FMV Scholarship North America 11 27245 FMV Scholarship Sub-Saharan Africa 2 21090 FMV Scholarship South Asia 2 8225 FMV Scholarship Sub-Saharan Africa 8 33900 FMV Scholarship Sub-Saharan Africa 3 11162 FMV Scholarship Sub-Saharan Africa 2 2700 FMV false false false false false false Part I, Line 3, Column C In some programs, Salus contracts with individual local professionals to provide service to the program. These professionals will assist in instruction, translation and administration. X X X X X X X true RUFFALOCODY Group PO Box 718 Des Moines IA 50503 SOLICATOR false 63584 24524 63584 24524 8360 Old York Road Elkins Park PA 19027 true Scholarship 484 1239180 GRANTS AND ASSISTANCE IN THE UNITED STATES FORM 990, SCHEDULE I, PART I, LINE 2 The University provides scholarships to students matriculating at the University; therefore, all funds granted are used to defray the cost of tuition and no further monitoring of the grants is required. X true true X X false true false false false false false false false Anthony DiStefano Vice President- Acad Affairs 228434 0 0 0 0 0 24671 0 9838 0 262943 0 0 0 Donald Kates Vice President - Finance 184414 0 0 0 0 0 19970 0 9838 0 214222 0 0 0 Susan Oleszewski Chief of Staff 179888 0 0 0 0 0 18863 0 6550 0 205301 0 0 0 Linda Casser Dean - OD Program 188902 0 0 0 0 0 20207 0 6550 0 215659 0 0 0 VICTOR HUGO BRAY JR Dean 164684 0 0 0 0 0 17444 0 6550 0 188678 0 0 0 Lorraine Lombardi Associate Dean 187587 0 0 0 0 0 14747 0 6550 0 208884 0 0 0 Audrey Smith Associate Dean 185232 0 0 0 0 0 15418 0 6550 0 207200 0 0 0 James M Caldwell Dean Student Affairs 163806 0 0 0 0 0 17052 0 6550 0 187408 0 0 0 DR THOMAS L LEWIS FORMER DIRECTOR & OFFICER 126409 34850 150000 0 0 0 29113 0 9838 0 315360 34850 0 0 Sabbatical pay Dr. Thomas Lewis is the former president of SALUS UNIVERSITY and served until June 2013. Dr. Lewis Received Salary from January 1, 2013 to June 30, 2013 and sabbatical PAY from July 1, 2013 to December 31,2013 FROM THE UNIVERSITY. Compensation Information FORM 990 Schedule J, Part I Line 1 - The University paid for the retired President's country club fees while on sabbatical. This fringe benefit was taxable and properly substantiated. SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN FORM 990, SCHEDULE J, PART I, LINE 4B DURING THE FISCAL YEAR ENDED JUNE 30, 2014, THE FOLLOWING INDIVIDUALS PARTICIPATED IN THE UNIVERSITY'S SUPPLEMENTAL NONQUALIFIED PLAN: DR. MICHAEL MITTELMAN DR. THOMAS LEWIS A Salus University - Series 2012 231413680 70917phg7 2012-08-15 9435000 Refunding 2007 Bonds false true false A 0 0 9435000 0 0 0 140000 0 0 0 0 0 2012 true false true true A false false true true true true 0.01730 0.01730 false false false false A false true true false 0 false 0 false true A true Schedule K, Part V The organization is in the process of establishing written procedures, to be effective by the end of the fiscal year june 30, 2015, to ensure: 1) All nonqualified bonds of the issue are remediated in accordance with the requirements under regulations section 1.141-12 and 1.145-2 and 2)violations of federal tax requirements are timely indetified and corrected through the voluntary closing agreement program if self-remediation is not available under applicable regulation. FORM 990, PART III, LINE 2 In order to further its mission to be a health science university, Salus University, will be adding 3 new degree programs in the next two or three years. The programs are a PhD in Bio Science, a doctoral and masters in Occupational Therapy and a doctoral and masters in Speech & Language Pathology. FORM 990, PART VI, LINE 11 The University's Form 990 was prepared by Grant Thornton LLP in conjunction with the University's financial department. A copy of the draft Form 990 was made available to the Finance Committee on a secured website maintained by the organization. Each Board Member was provided ample opportunity to comment on the information contained in the 990 prior to its electronic filing with the Internal Revenue Service. FORM 990, PART VI, LINE 12 Each officer, director, trustee and key employee of the University is required to annually disclose any conflicts of interest that arise by virtue of their employment, board service, or position with the University. The University monitors compliance with its conflict of interest policy through an annual questionnaire/disclosure statement that is distributed to these individuals. Potential conflicts are investigated immediately by an ad hoc committee established for just such purpose. FORM 990, PART VI, LINE 15 The President is the organization's top management official. The President's compensation is determined by the executive committee of the board. In determining compensation, the Board relies upon comparability data of institutions similarly situated to Salus University. The deliberations to determine the President's Compensation are documented in the Board Committee's minutes. Compensation paid to other officers or key employees of the organization is determined by the President of the University in consultation with the Director of Human Resources. When necessary, they will utilize independent comparability data to benchmark a reasonable salary for these individuals. FORM 990, PART VI, LINE 19 The organization makes its Form 990 available to the public by retaining a copy at its place of business. The Form 990 is likewise published on the internet at www.guidestar.org. The organization's financial statements, governing documents and conflict of interest policy are not ordinarily made available to the public, but, if requested, will be provided at management's discretion. Form 990, Part XI, Line 5 INCOME FROM FOUNDATION 5,231,541 AU CLINIC - PEI LOSS (159,811) CHANGE IN POST RETIREMENT BENEFIT LIABILITY (454,000) OTHER (239,231) TOTAL 4,378,499 FORM 990, PART VII DATES SERVED ON BOARD: DR. THOMAS LEWIS SERVED AS PRESIDENT OF THE BOARD OF THE UNIVERSITY UNTIL JUNE 2013. DR. MICHAEL MITTELMAN JOINED THE BOARD OF THE SALUS UNIVERSITY AND HAS SERVED AS ITS PRESIDENT IN JULY 2013 TO THE PRESENT DATE. ACCORDINGLY, THE COMPENSATION RECORDED ON FORM 990, FOR DR. MITTELMAN'S COMPENSATION REPRESENTS AMOUNTS RECEIVED FROM THE UNVERSITY FROM JULY 2013 THROUGH DECEMBER 2013, AND IS CONSISTENT WITH DR. MITTELMAN'S 2013 W-2 REPORTINGS. PA College of Optometry Foundation 8360 Old York Road Elkins Park PA 19027 233030893 Fundraising PA 501(c)(3) 11 salus false Pennsylvania Ear Institute 8360 Old York Road Elkins Park PA 19027 202888384 healthcare PA 501(c)(3) 11 salus false false false false false false false false false true false true true true true true true false true Pennsylvania College of Optometry Foundation L 255000 FMV Pennsylvania College of Optometry Foundation Q 125861 FMV Pennsylvania College of Optometry Foundation P 130903 FMV