2015-07-10T16:27:31-05:00 2014-08-31 251408703 SCHNEIDER DOWNS & CO INC ONE PPG PLACE SUITE 1700 PITTSBURGH PA 15222 990 2013-09-01 251094922 POINT PARK UNIVERSITY POIN 4123923992 201 WOOD STREET PITTSBURGH PA 15222 BRIDGET MANCOSH SR VP OF FINANCE & OPERATIONS 4123923992 2015-06-30 1 SUSAN M KIRSCH P00341397 4122613644 2013 2016-03-07 17:11:31Z DR PAUL HENNIGAN 201 WOOD STREET PITTSBURGH PA 15222 109357387 0 X WWW.POINTPARK.EDU X 1960 PA HIGHER EDUCATION 38 36 1782 37 0 -51 15885515 5598486 94983135 98543427 924732 1113561 217731 176257 112011113 105431731 24411865 27146172 0 0 39446832 41602586 12600 50194 1947460 31835489 32394178 95706786 101193130 16304327 4238601 163217038 174676626 73889676 77915958 89327362 96760668 X POINT PARK UNIVERSITY EDUCATES STUDENTS IN A DIVERSE ENVIRONMENT AND PREPARES GRADUATES TO APPLY KNOWLEDGE TO ACHIEVE THEIR GOALS, ADVANCE THEIR PROFESSIONS AND SERVE THEIR COMMUNITIES. 0 0 60593454 26582096 88326631 INSTRUCTION- INCLUDES 4 ACADEMIC SCHOOLS SERVING APPROXIMATELY 3,226 UNDERGRADUATE AND 615 GRADUATE STUDENTS, AS WELL AS PERFORMING ARTS WHICH PROVIDE APPLIED TRAINING FOR STUDENTS. INCLUDES PHYSICAL PLANT ALLOCATION. 11077295 501428 STUDENT SERVICES- INCLUDES ADMISSIONS, CAREER DEVELOPMENT, FINANCIAL AID ADMINISTRATION, REGISTRAR, STUDENT ACTIVITIES, STUDENT AFFAIRS OFFICE, AS WELL AS 11 MEN'S AND WOMEN'S INTERCOLLEGIATE ATHLETIC TEAMS. INCLUDES PHYSICAL PLANT ALLOCATION. 9251195 51640 6913 ACADEMIC SUPPORT- ACADEMIC SUPPORT ARE EXPENSES THAT PROVIDE SUPPORT FOR THE SCHOOL'S PRIMARY ACADEMIC MISSION. INCLUDES LIBRARY SERVICES, PROGRAM FOR ACADEMIC SUCCESS, INFORMATION & MEDIA CENTERS & PROVOST OFFICE. INCLUDES PHYSICAL PLANT ALLOCATION. 8456284 512436 9708455 AUXILIARY ENTERPRISES- EXPENSES THAT SUPPORT DORMITORIES, DINING HALL, CAFE, BOOKSTORE AND RECREATION CENTER FOR STUDENTS, FACULTY AND STAFF OF THE UNIVERSITY. INCLUDES PHYSICAL PLANT ALLOCATION. 8456284 512436 9708455 89378228 1 1 0 1 0 0 0 1 0 1 1 0 0 0 1 1 1 0 1 0 1 0 1 1 1 0 0 1 1 1 1 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 1 5198 0 1 1782 1 0 0 0 0 0 1 1 0 0 0 0 0 X 38 36 1 0 1 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 1 1 PA NY X JAMES HARDT 4123923969 201 WOOD STREET PITTSBURGH PA 15222 DENNIS ASTORINO BOARD MEMBER 1.50 X 0 0 0 RICHARD W BOYD BOARD MEMBER 1.50 X 0 0 0 E MICHAEL BOYLE BOARD MEMBER 1.50 X 0 0 0 MARK BROADHURST BOARD MEMBER 1.50 X 0 0 0 DIANE BUCCO BOARD MEMBER 1.50 X 0 0 0 JAMIE CAMPOLONGO BOARD MEMBER 1.50 X 0 0 0 ANTOINE CHAMMAS BOARD MEMBER 1.50 X 0 0 0 LISA CIBIK BEG JULY'14 BOARD MEMBER 1.50 X 0 0 0 ROBIN CONNOLLY BOARD MEMBER 1.50 X 0 0 0 PAUL COSTA BOARD MEMBER/PRT PROFESSOR 1.50 X 4182 0 0 GARY M DEJIDAS BOARD MEMBER 1.50 X 0 0 0 WAYNE FONTANA BOARD MEMBER 1.50 X 0 0 0 KISHORE GOPAUL BOARD MEMBER 1.50 X 0 0 0 EDWARD HABERLE BOARD MEMBER 1.50 X 0 0 0 JOSEPH B HAVRILLA BOARD MEMBER 1.50 X 0 0 0 JULIE A LYDA BOARD MEMBER 1.50 X 0 0 0 TIMOTHY W MCGUIRE SR PHD BOARD MEMBER 1.50 X 0 0 0 PEGGY T MCKNIGHT BOARD MEMBER 1.50 X 0 0 0 J KEVIN MCMAHON BOARD MEMBER 1.50 X 0 0 0 JAMES MILLER BOARD MEMBER 1.50 X 0 0 0 TODD C MOULES BOARD MEMBER 1.50 X 0 0 0 JOSEPH MURIN BOARD MEMBER 1.50 X 0 0 0 DAVID J PEART BOARD MEMBER 1.50 X 0 0 0 LUCAS PIATT BOARD MEMBER 1.50 X 0 0 0 DR LOREN H ROTH MD BOARD MEMBER 1.50 X 0 0 0 CAROL SAVAGE END JULY '14 BOARD MEMBER 1.50 X 0 0 0 CYNTHIA SHAPIRA BOARD MEMBER 1.50 X 0 0 0 DARRELL SMALLEY BEG SEPT '13 BOARD MEMBER 1.50 X 0 0 0 RYAN STANA BEG SEPT '13 BOARD MEMBER 1.50 X 0 0 0 CHARLES J STOUT BOARD MEMBER 1.50 X 0 0 0 MARY BETH TAYLOR BOARD MEMBER 1.50 X 0 0 0 JOHN R TOMAYKO PHD BOARD MEMBER 1.50 X 0 0 0 NANCY D WASHINGTON END 714 BOARD MEMBER 1.50 X 0 0 0 JAKE WHEATLEY BOARD MEMBER 1.50 X 0 0 0 KAREN FARMER WHITE BOARD MEMBER 1.50 X 0 0 0 DARRYL F WILLIAMS BOARD MEMBER 1.50 X 0 0 0 ANNE LEWIS BOARD MEMBER/CHAIR 3.00 X X 0 0 0 DAVID S DUNCAN BOARD MEMBER/TREASURER 3.00 X X 0 0 0 JAMES MEREDITH BOARD MEMBER/SECRETARY 3.00 X X 0 0 0 DONALD J JENKINS BOARD MEMBER/V. CHAIR 3.00 X X 0 0 0 PAUL HENNIGAN EDD PRESIDENT 40.00 X 466197 0 95723 BRIDGET MANCOSH SR VP OF FIN.& OPERATIONS 40.00 X 240553 0 40790 AMY MCCALL BEG FEB '14 SR VP GENERAL COUNSEL 40.00 X 0 0 0 KAREN MCINTYRE PHD SR.VP ACAD/STUDENT AFFAIRS 40.00 X 240766 0 15341 MARIANN GEYER VP EXTERNAL AFFAIRS 40.00 X 202345 0 29468 RICHARD HASKINS VP/ DEV. & ALUMNI 40.00 X 187398 0 26854 RONALD LINDBLOM ASSOC. VP, ARTISTIC DIR. 40.00 X 174227 0 28949 FREDRICK JOHNSON DEAN OF PERFORMING ARTS 40.00 X 153623 0 23673 ROBERT K FESSLER PHD PROFESSOR- TENURED 40.00 X 129013 0 18454 TRUDY WILLIAMS ASSIST VP ADMISSION 40.00 X 137751 0 11251 HELEN SOBEHART PH D ASSOC. VP, OF GRAD EDUC. 28.00 X 129744 0 176 PERKINS CHARLES PHD FORM. OFFICER/PROFESSOR 40.00 X 121769 0 11371 2187568 0 302050 40 1 1 0 ARAMARK SERVICES PO BOX 198532 ATLANTA GA 303848532 FOOD SERVICE 3090195 MASSARO 120 DELTA PITTSBURGH PA 152382806 CONSTRUCTION 2051297 ISS FACILITY SERVICES INC PENN PLACE PITTSBURGH PA 15219 HOUSEKEEPING 1756290 ALLIED BARTON SECURITY SERVICES 500 FIRST AVENUE PITTSBURGH PA 15219 SECURITY 1048578 OTIS ELEVATOR 4499 CAMPBELLS RUN ROAD PITTSBURGH PA 15205 ELEVATOR RESTORATION 1011984 29 86624 826673 4685189 13208 5598486 TUITION & EDUC. FEES 611710 87720718 87720718 ROOM & BOARD FEES 721310 9494255 9494255 PERFORMANCES 711300 658681 658681 PROGRAM RENTAL 531390 241362 241362 BOOKSTORE, CAFE & MISC. 451211 211273 211273 217138 217138 98543427 924832 924832 176047 176047 131954 73647 58307 58307 58307 3937520 3748791 188729 188729 188729 45121 86624 103218 -58097 -58097 105431731 98543427 0 1289818 51640 51640 27087032 27087032 7500 7500 1675358 256718 1104331 314309 252717 134273 118444 30135270 26478076 2980737 676457 1472707 1380291 76469 15947 5806310 5172795 506925 126590 2260224 1965378 228059 66787 359268 4515 354753 179927 179927 49166 24583 24583 50194 50194 1774969 1137767 612680 24522 1870456 1339204 448191 83061 2875149 2340832 471144 63173 442264 288771 145553 7940 45152 45152 10932662 9339814 1346807 246041 1264048 1099443 114915 49690 1007692 836516 144673 26503 5478117 4769284 595215 113618 174607 80802 93805 FOOD SERVICES 2731331 2617915 90821 22595 NON CAPITAL EQUIP 1486711 1324777 155029 6905 BAD DEBT 702835 702835 DANCE & THEATER PRODUCT 375849 375849 643975 541049 74381 28545 101193130 89378228 9867442 1947460 310684 1952999 32259835 24681516 1793260 4007927 946998 1113262 784991 733563 1307225 1431278 169321710 68867907 95225373 100453803 29986804 39458776 266650 480400 335218 363102 163217038 174676626 4160808 5954387 9286281 11017409 48130895 48301311 8780309 8243917 3531383 4398934 73889676 77915958 X 62739383 66033015 16747130 20171816 9840849 10555837 89327362 96760668 163217038 174676626 X 4238601 4054243 -859538 X X 0 1 X 1 1 1 X 4987616 7626340 3649990 3236867 3422303 22923116 4987616 7626340 3649990 3236867 3422303 22923116 3887919 19035197 1986174 1837869 1837808 1133554 1232833 8028238 30951354 0.61500 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 49165 49165 101143965 101193130 1000000 250000 0 0 1000000 1000000 1000000 1000000 4000000 6000000 48938 54222 50897 49165 203222 250000 250000 250000 250000 1000000 1500000 X 0 31430019 1077487 4955820 296501 113609 37053216 27379289 2105115 2292228 284569 62044 31430019 24715713 1345523 1662218 282196 61969 27379289 22236249 1074016 1762019 291452 65119 24715713 20598888 1064859 946350 305257 68591 22236249 0.68130 0.28480 0.03390 0 0 16323613 16323613 121636793 50605166 71031627 1522745 1518945 3800 20047080 16743796 3303284 9791479 9791479 100453803 CONDITIONAL ASSET RETIREMENT OBLIGATION 3200234 CHANGE IN LIABILITY OF INTEREST RATE SWAP 1142679 ANNUITIES PAYABLE 56021 4398934 X 82060388 4054243 -682673 3371570 78688818 118444 26624469 26742913 105431731 74627082 176865 176865 74450217 118444 26624469 26742913 101193130 PART III, LINE 4: THE PRIMARY PIECE OF THE POINT PARK COLLECTION IS "FREEDOM BOUND," A SCULPTURE BY ARTIST PAIGE BRADLEY, COMMISSIONED AND DONATED BY A BOARD MEMBER. IN 2008 IT WAS INSTALLED AS PART OF THE LAWRENCE HALL LOBBY RENOVATION, WHICH INCLUDES A GRAND ENTRANCE TO THE NEWLY BUILT DANCE COMPLEX. THE UNIVERSITY HOLDS PAINTINGS AND PHOTOGRAPHS ON DISPLAY THROUGHOUT THE CAMPUS THAT WERE ALSO DONATED. PART V, LINE 4: THE TOTAL ENDOWMENT CONSISTS OF TWO COLLECTIVE FUND GROUPS, THE ENDOWMENT FUND AND THE BOARD DESIGNATED RESERVE FUND, THE ENDOWMENT FUND, MADE UP OF BOTH PERMANENT & TEMPORARILY RESTRICTED ASSETS, CONSISTS OF APPROXIMATELY 50 INDIVIDUAL FUNDS ESTABLISHED TO SUPPORT NUMEROUS PURPOSES. IT CONSISTS OF 78% RESTRICTED FOR FINANCIAL AID AND 22% FOR OPERATIONS. THE PURPOSE OF THE BOARD DESIGNATED RESERVE FUND, AN UNRESTRICTED ASSET, IS TO MAINTAIN THE LIQUIDITY NECESSARY TO SUPPORT LONG-TERM FISCAL HEALTH OF THE UNIVERSITY. PART X, LINE 2: THE UNIVERSITY FOLLOWS STANDARDS ON INCOME TAXES RELATED TO THE ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES. THE NEW STANDARD REQUIRES THAT AN UNCERTAIN TAX POSITION SHOULD BE RECOGNIZED ONLY IF IT IS "MORE LIKELY THAN NOT" THAT THE POSITION IS SUSTAINABLE BASED ON ITS TECHNICAL MERITS. RECOGNIZABLE TAX POSITIONS SHOULD THEN BE MEASURED TO DETERMINE THE AMOUNT OF BENEFIT RECOGNIZED IN THE FINANCIAL STATEMENTS. THE UNIVERSITY FILES FEDERAL, STATE, AND LOCAL INFORMATION RETURNS, AND NO RETURNS ARE CURRENTLY UNDER EXAMINATION. THE STATUTE OF LIMITATION ON THE UNIVERSITY'S FEDERAL TAX RETURNS REMAINS OPEN FOR THE YEAR ENDED AUGUST 31, 2010 THOUGH THE PRESENT; OTHER RETURNS MAY BE OPEN FOR AN ADDITIONAL YEAR DEPENDING ON JURISDICTION. THE UNIVERSITY CONTINUES TO EVALUATE ITS TAX POSITIONS PURSUANT TO THE NEW STANDARD AND HAS DETERMINED THAT THERE IS NO MATERIAL IMPACT ON THE UNIVERSITY'S FINANCIAL STATEMENTS. PART XI, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSE: $ 73,647 SPECIAL EVENT EXPENSE: $ 103,218 CHANGE IN VALUE OF INTEREST RATE SWAP: $-859,538 TOTAL PART XII LINE 2D: $ -682,673 PART XI, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID: $26,624,469 TOTAL PART XII LINE 4B: $26,624,469 PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSE: $73,647 SPECIAL EVENT EXPENSE: $103,218 TOTAL PART XIII LINE 2D: $176,865 PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID: $26,624,469 TOTAL PART XIII LINE 4B: $26,624,469 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 THE UNIVERSITY INCLUDES IN ITS BYLAWS AND CATALOGS A STATEMENT CONFIRMING ITS OPPOSITION TO ANY PRACTICE WHICH DEPRIVES ANY INDIVIDUAL OF RIGHTS AND PRIVILEGES BASED ON RACE, RELIGION, SEX, NATIONAL ORIGIN OR HANDICAP. THE UNIVERSITY WILL NOT AFFILIATE NOR EXTEND RECOGNITION TO ANY GROUP WHOSE POLICIES ARE DISCRIMINATORY. SCHEDULE E, PART I, LINE 6 LOCAL: URBAN REDEVELOPMENT - STOREFRONT ART. COMMONWEALTH OF PA: RACP - PARK PROJECT; HIGHER EDUCATION ASSISTANCE GRANT; PA DEPARTMENT OF WELFARE; PA LIQUOR CONTROL BOARD. FEDERAL: U.S. DEPARTMENT OF EDUCATION SEOG/FWS/PELL; ASSET I3 PROJECT. 1 EUROPE (INCLUDING ICELAND & GREENLAND) - 0 0 PROGRAM SERVICES STUDY ABROAD PROGRAM 117054 EUROPE (INCLUDING ICELAND & GREENLAND) - 0 0 PROGRAM SERVICES STUDY ABROAD PROGRAM FINANCIAL AID 7500 EUROPE (INCLUDING ICELAND & GREENLAND) - 0 0 PROGRAM SERVICES STUDENT CINEMA TRIP 44262 EUROPE (INCLUDING ICELAND & GREENLAND) - 0 0 PROGRAM SERVICES FACULTY DEVELOPMENT 2185 EUROPE (INCLUDING ICELAND & GREENLAND) - 0 0 PROGRAM SERVICES MEDIA STUDIES TOUR 14440 NORTH AMERICA 0 0 PROGRAM SERVICES FACULTY DEV. CONFERENCE 694 EUROPE (INCLUDING ICELAND & GREENLAND) - 0 0 PROGRAM SERVICE FACULTY DEVELOPMENT 2127 0 0 0 0 0 0 188262 0 188262 STUDENT FINANCIAL AID EUROPE 6 7500 POSTING TO STUDENT'S ACCOUNT 0 0 0 0 0 0 PART I, LINE 2: FINANCIAL AID AWARDS AT POINT PARK UNIVERSITY ARE DETERMINED ON THE BASIS OF ACADEMIC ACHIEVEMENT, COMMUNITY SERVICE, ARTISTIC OR ATHLETIC TALENT AND FINANCIAL NEED ELIGIBILITY. GRANTS AND LOANS ARE DISTRIBUTED USING POWERFAIDS APPLICATION AND POSTED TO STUDENT'S ACCOUNTS IN JENZABAR (HIGHER EDUCATION INFORMATION SYSTEM). ANNUALLY THE FINANCIAL AID AREA IS AUDITED BY AN INDEPENDENT ACCOUNTING FIRM. X X X X X X X 1 DEE OSHRY 6629 AYLESBORO AVENUE PITTSBURGH PA 15217 FUNDRAISING CONSULTANT FOR CAPITAL CAMPAIGN 0 0 22500 -22500 MATTHEW MOON 4101 DALEWOOD PITTSBURGH PA 15227 FUNDRAISING CONSULTANT FOR CAPITAL CAMPAIGN 0 0 11550 -11550 ALPHAGRAPHICS 814 PENN AVENUE PITTSBURGH PA 15222 ANNUAL FUND MAILING 0 0 8332 -8332 42382 -42382 PA NY GOLF EVENT 113200 83344 29856 64864 20573 6313 ATHLETICS GOLF EVENT 18545 3280 15265 9946 1522 0 131745 86624 45121 74810 20573 7835 103218 -58097 1 BROADWAY EDUCATION ALLIANCE 226 WEST 47TH STREET SUITE 902 NEW YORK PA 10036 320178901 501(C)(3) 10000 SPONSORSHIP OF NATIONAL HIGH SCHOOL MUSICAL THEATER AWARDS. PITTSBURGH COUNCIL ON HIGHER ED 201 WOOD STREET PITTSBURGH PA 15222 237303727 501(C)(3) 16640 COLLABORATION WITH OTHER INSTITUTIONS IN REGION. URBAN INNOVATION21 1901 CENTRE AVE SUITE 300 PITTSBURGH PA 15219 260379369 501(C)(3) 25000 ECONOMIC DEVELOPMENT 3 0 SCHOLARSHIP AID FOR HIGHER ED FOR UNDERGRADUATE AND GRADUATE STUDENTS 3546 26616969 N/A N/A HOUSING ASSISTANCE TO STUDENT RESIDENT ADVISORS 32 361780 N/A N/A SCHOLARSHIP FOR SCHOOL AGE CHILDREN TO ATTEND SUMMER DANCE PROGRAM 145 108283 N/A N/A PART I, LINE 2: FINANCIAL AID AWARDS TO STUDENTS AT POINT PARK UNIVERSITY ARE DETERMINED ON THE BASIS OF ACADEMIC ACHIEVEMENT, COMMUNITY SERVICE, ARTISTIC OR ATHLETIC TALENT AND FINANCIAL NEED ELIGIBILITY. GRANTS AND LOANS ARE DISTRIBUTED USING POWERFAIDS APPLICATION AND POSTED TO STUDENT'S ACCOUNTS IN JENZABAR (HIGHER EDUCATION INFORMATION SYSTEM). ANNUALLY THE FINANCIAL AID AREA IS AUDITED BY AN INDEPENDENT ACCOUNTING FIRM. X X X X 1 1 X X X X X X 0 1 0 0 0 0 0 1 0 PAUL HENNIGAN EDD PRESIDENT 347714 0 70000 0 48483 0 59125 0 36598 0 561920 0 0 0 BRIDGET MANCOSH SR VP OF FIN.& OPERATIONS 207463 0 33000 0 90 0 15564 0 25226 0 281343 0 0 0 KAREN MCINTYRE PHD SR.VP ACAD/STUDENT AFFAIRS 208577 0 31000 0 1189 0 6283 0 9058 0 256107 0 0 0 MARIANN GEYER VP EXTERNAL AFFAIRS 177207 0 25000 0 138 0 13604 0 15864 0 231813 0 0 0 RICHARD HASKINS VP/ DEV. & ALUMNI 167002 0 20000 0 396 0 12775 0 14079 0 214252 0 0 0 RONALD LINDBLOM ASSOC. VP, ARTISTIC DIR. 171619 0 2000 0 608 0 13155 0 15794 0 203176 0 0 0 FREDRICK JOHNSON DEAN OF PERFORMING ARTS 146858 0 0 0 6765 0 11231 0 12442 0 177296 0 0 0 PERKINS CHARLES PHD FORM. OFFICER/PROFESSOR 119453 0 0 0 2316 0 8639 0 2732 0 133140 0 0 0 PART I, LINE 1A DR. PAUL HENNIGAN, PRESIDENT OF THE UNIVERSITY, IS PAID A MONTHLY HOUSING ALLOWANCE IN PLACE OF STAYING IN A HOUSE ON CAMPUS, THE STANDARD FOR COLLEGES AND UNIVERSITIES. THIS IS REPORTED AS TAXABLE INCOME. THE ONLY PERSONAL SERVICES FOR PAUL HENNIGAN PROVIDED BY THE UNIVERSITY IS DEPENDENT CARE SERVICES FOR HIS CHILDREN IN ORDER TO HELP ACCOMMODATE FOR MR. HENNIGAN'S UNPREDICTABLE WORK SCHEDULE AND FREQUENT OVERNIGHT TRAVEL. SPOUSAL TRAVEL IS NOT REIMBURSABLE PER THE UNIVERSITY'S EXPENSE REIMBURSEMENT POLICY; HOWEVER, THE PRESIDENT'S SPOUSE'S EXPENDITURES ARE REIMBURSED FOR OFFICIAL BUSINESS, ACCORDING TO THE PRESIDENT'S EMPLOYMENT CONTRACT. GENERALLY TRAVEL FOR COMPANIONS IS INFREQUENT. THE UNIVERSITY PAYS FOR THE DUES OF THE PRESIDENT AND THE VP OF EXTERNAL AFFAIRS TO BUSINESS CLUBS WHICH HAS BEEN IDENTIFIED BY THE BOARD AS HAVING MEMBERS YIELDING SIGNIFICANT IMPACT ON FUNDRAISING AND THE UNIVERSITY'S ROLE IN THE DOWNTOWN COMMUNITY. THE PRESIDENT PARTICIPATES IN A NON-QUALIFIED PENSION PLAN. PART I, LINE 7 NON-FIXED PAYMENTS ARE LISTED IN COLUMN (B) (II) BONUS & INCENTIVES COMPENSATION. THEY ARE DETERMINED ANNUALLY BASED ON PERFORMANCE EVALUATIONS. A ALLEGHENY CO HIGHER EDU BUILDING AUTHORITY 251650137 2013-08-01 31670000 SEE PART VI 1 0 0 B MT LEBANON INDUSTRIAL DEV AUTHORITY 205476955 2007-01-19 5000000 SEE PART VI 0 0 0 C MT LEBANON INDUSTRIAL DEV AUTHORITY 205476955 2006-12-27 3830000 SEE PART VI 0 0 0 D AUTH FOR IMPROV IN MUNICIPALITIES 251196358 2004-08-16 7000000 SEE PART VI 0 0 0 A 31392445 31670000 277525 2012 0 0 1 1 B 5000000 7250 4992750 2008 0 0 1 1 C 3830000 58500 3771500 2008 0 0 1 1 D 7000000 74518 6925482 2006 0 0 1 1 A 0 1 0 0 0 0 0 B 0 1 0 0 0 0 0 C 0 1 0 0 0 0 0 D 0 1 0 0 0 0 0 A 0 0 0 0 1 0 0 0 1 B 0 0 0 0 0 0 0 0 1 C 0 0 0 0 0 0 0 0 1 D 0 0 0 0 0 0 0 0 1 A 0 B 0 C 0 D 0 SCHEDULE K SUPPLENTAL INFORMATION PART I, LINE A, COLUMN F: FOR ACQUISITION AND RENOVATION OF STUDENT APARTMENT HOUSING, RENOVATION OF LOBBY, AND ACQUISITION OF YMCA BUILDING AND RENOVATION INTO STUDENT UNION AND ADDITIONAL CAPITAL PROJECTS. THE BONDS WERE SUBSEQUENTLY REFINANCED WITH TAX EXEMPT NOTES IN 2013. PART I, LINE B, COLUMN F: FOR PURCHASE AND RENOVATION OF A CLASSROOM/ OFFICE BUILDING AND PURCHASE OF AN OFFICE BUILDING, LOBBY RENOVATION AND LIBRARY FURNITURE. PART I, LINE C, COLUMN F: FOR PURCHASE AND RENOVATION OF A CLASSROOM/ OFFICE BUILDING AND PURCHASE OF AN OFFICE BUILDING, LOBBY RENOVATION AND LIBRARY FURNITURE. ORIGINALLY ISSUED WITH A $3,830,000 TAX EXEMPT PORTION OUT OF A TOTAL $10,000,000. THE TAXABLE PORTION WAS FULLY CONVERTED TO TAX EXEMPT ON 7/16/12. ORIGINAL $ 3,830,000 12/31/07 $ 1,084,435 10/31/08 $ 946,350 7/16/12 $ 1,470,252 CURRENT TAX EXEMPT AMOUNT: $6,955,125. PART I, LINE D, COLUMN F: FOR SUPPORT OF DANCE STUDIO, A LIBRARY, A TELEVISION AND FILM STUDIO, MISCELLANEOUS CAPITAL PROJECTS ENTITY 2, PART 1, LINE A, COLUMN F: RENOVATION OF THAYER AND ACADEMIC HALL, INCLUDING CONVERSION OF CERTAIN SPACE IN THAYER HALL INTO STUDENT HOUSING AND PURCHASE OF EQUIPMENT RELATED TO CONVERSION. ENTITY 2, PART II, LINE 3, COLUMN A, LOAN IS STRUCTURED AS A TAX EXEMPT DRAW-DOWN BANK LOAN IN AN AMOUNT NOT TO EXCEEED $10,000,000. AS OF 8/31/2014, $2,550,000 WAS DRAWN-DOWN. A CARROLLTOWN BOROUGH MUNICIPAL AUTHORITY 256000301 2013-11-13 10000000 SEE PART VI 0 0 0 A 10000000 51895 2498105 7450000 0 0 0 1 A 0 0 1 1 0 0.00000 0.00000 0.00000 0 0 0 A 1 1 0 0 0 0 BOARD MEMBER A FAMILY MEMBER OF BOARD MEMBER 1000 GRANTS A MAHARAJA A FAMILY MEMBER OF KISHORE GOPAUL, BOARD MEMBER 87596 EMPLOYMENT 0 G MAHARAJA A FAMILY MEMBER OF KISHORE GOPAUL, BOARD MEMBER 17481 EMPLOYMENT 0 FORM 990, PART VI, SECTION A, LINE 1 THE EXECUTIVE COMMITTEE SHALL EXERCISE ALL POWERS OF THE BOARD OF TRUSTEES WHEN THE BOARD IS NOT IN SESSION EXCEPT THAT IT MAY NOT: (I) ALIENATE OR ENCUMBER THE REAL ESTATE OR ENDOWMENTS OF THE UNIVERSITY, (II) ENTER INTO FINANCIAL ARRANGEMENTS OR COMMITMENTS WHICH WOULD HAVE A MAJOR EFFECT ON THE UNIVERSITY, (III) SELECT THE PRESIDENT OF THE UNIVERSITY, (IV) ELECT MEMBERS OR OFFICERS OF THE BOARD OF TRUSTEES, OR (V) COMMIT THE UNIVERSITY TO PAYMENTS IN EXCESS OF AVAILABLE REVENUES, UNLESS SPECIFICALLY AUTHORIZED TO DO SO BY THE BOARD. FORM 990, PART VI, SECTION A, LINE 2 J.K. MCMAHON AND C. SHAPIRA HAVE A BUSINESS RELATIONSHIP. FORM 990, PART VI, SECTION A, LINE 4 THE BYLAWS WERE MODIFIED JULY, 2014. THE EXECUTIVE OFFICERS OF THE UNIVERSITY ADMINISTRATION WERE REVISED EFFECTIVE 7/24/14 INCLUDE THE FOLLOWING: PRESIDENT, THE CHIEF ACADEMIC OFFICER, THE CHIEF FINANCIAL OFFICER, THE GENERAL COUNSEL, AND SUCH OTHER OFFICERS AS THE PRESIDENT MAY DESIGNATE FROM TIME TO TIME. QUORUM. FIFTY (50) PERCENT- A MAJORITY OF THE BOARD SHALL CONSTITUTE A QUORUM FOR THE TRANSACTION OF ORDINARY BUSINESS AT ALL REGULAR AND SPECIAL MEETINGS OF THE BOARD. A MAJORITY OF EACH COMMITTEE SHALL CONSTITUTE A QUORUM FOR THE TRANSCATION OF ORDINARY BUSINESS AT ALL REGULAR AND SPECIAL MEETINGS OF THE COMMITTEE OF THE BOARD. ANY MEETING MAY BE ADJOURNED AND ITS BUSINESS CONTINUED TO AN APPOINTED DAY BY THE VOTE OF THE MAJORITY OF THE BOARD MEMBERS PRESENT EVEN THOUGH LESS THAN A QUORUM. FORM 990, PART VI, SECTION B, LINE 11 THE RETURN IS PREPARED BY THE UNIVERSITY'S BUSINESS OFFICE. IT IS REVIEWED BY AN INDEPENDENT ACCOUNTING FIRM. THE AUDIT COMMITTEE OF THE BOARD OF DIRECTORS CONDUCTS A REVIEW ON BEHALF OF THE BOARD. THE FINAL COPY IS SENT TO ALL VOTING MEMBERS OF THE BOARD BEFORE IT IS FILED. FORM 990, PART VI, SECTION B, LINE 12C CONTAINED WITHIN THE UNIVERSITY'S WRITTEN CODE OF CONDUCT IS THE CONFLICT OF INTEREST POLICY, WHICH IS DISTRIBUTED ANNUALLY TO THE BOARD OF TRUSTEES, AS WELL AS TO ALL FULL-TIME AND PART-TIME EMPLOYEES AND IS AVAILABLE ON THE UNIVERSITY'S WEBSITE. THE CONFLICT OF INTEREST STATEMENT THAT IS SIGNED BY DIRECTORS AND OFFICERS STATES, "I ACKNOWLEDGE AN ONGOING RESPONSIBILITY TO DISCLOSE POTENTIAL CONFLICTS OF INTEREST AS THEY MAY ARISE." BOARD MEMBERS COMPLETE A 'CONFLICT OF INTEREST STATEMENT' ANNUALLY. THE POLICY MAKES CLEAR THAT NOT ALL CONFLICTING INTERESTS ARE PROHIBITED. EACH REPORTED CONFLICT IS EVALUATED TO MAKE CERTAIN THAT DIRECTORS AND OFFICERS PRIMARY OBLIGATION TO THE UNIVERSITY IS NOT COMPROMISED. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD IS RESPONSIBLE FOR HIRING THE PRESIDENT, AND THE EXECUTIVE COMMITTEE OF THE BOARD ACTS AS THE COMPENSATION COMMITTEE FOR DETERMINING THE PRESIDENT'S ANNUAL GOALS, OBJECTIVES, PERFORMANCE AND COMPENSATION. THE RULES ARE SET FORTH IN THE UNIVERSITY'S BYLAWS, ARTICLE VI, SECTION 2, PARAGRAPH 4. "THE EXECUTIVE COMMITTEE SHALL ALSO ACT AS THE COMPENSATION COMMITTEE FOR PURPOSES OF APPROVING THE PRESIDENT'S ANNUAL GOALS AND OBJECTIVES, EVALUATING THE PRESIDENT'S ANNUAL PERFORMANCE, AND DETERMINING THE PRESIDENT'S ANNUAL COMPENSATION. THE EXECUTIVE COMMITTEE IN THIS ROLE SHALL ADHERE TO ALL APPLICABLE STANDARDS PROMULGATED BY THE IRS WITH RESPECT TO COMPENSATION PAYABLE BY EXEMPT ORGANIZATIONS. THE PRESIDENT SHALL NOT BE PRESENT WHILE THE EXECUTIVE COMMITTEE DELIBERATES ON THE COMPENSATION, GOALS, AND OBJECTIVE, OR PERFORMANCE OF THE PRESIDENT. THE EXECUTIVE COMMITTEE SHALL ALSO PROVIDE ADVICE TO THE PRESIDENT REGARDING THE ANNUAL GOALS AND OBJECTIVES, PERFORMANCE, AND COMPENSATION OF THE PRESIDENT'S EXECUTIVE OFFICERS. THE CHAIR OF THE BOARD WILL REPORT TO THE BOARD, AS APPROPRIATE, CONCERNING THE EXECUTIVE COMMITTEE'S DELIBERATIONS AS THE COMPENSATION COMMITTEE." FROM TIME TO TIME, THE UNIVERSITY EMPLOYS THE SERVICES OF AN INDEPENDENT FIRM TO DO AN EXECUTIVE BENCHMARKING STUDY AND IMPLEMENT A PEER REVIEW PROCESS FOR THE COMPENSATION OF THE PRESIDENT AND OTHER OFFICERS AND KEY EMPLOYEES IN ORDER TO HELP ADVISE THE COMPENSATION COMMITTEE. IN GENERAL THE HUMAN RESOURCES DEPARTMENT USES SURVEYS FROM CUPA-HR [COLLEGE & UNIVERSITY PROFESSIONAL ASSOC.] FOR STAFF AND AAUP [AMERICAN ASSOC. OF UNIVERSITY PROFESSORS] FOR FACULTY TO BENCHMARK COMPENSATION. FORM 990, PART VI, SECTION C, LINE 19 THE CONFLICT OF INTEREST POLICY IS AVAILABLE ONLINE AS A COMPONENT OF THE UNIVERSITY'S CODE OF CONDUCT. THE GOVERNING DOCUMENTS ARE AVAILABLE UPON REQUEST. THE FINANCIAL STATEMENTS ARE NOT AVAILABLE TO THE PUBLIC. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF INTEREST RATE SWAP: -859,538. FORM 990, PART XI, QUESTION 2C THE ORGANIZATION'S FINANCIAL STATEMENTS ARE AUDITED BY AN INDEPENDENT ACCOUNTING FIRM. IN ADDITION, THE ORGANIZATION HAS A COMMITTEE THAT ASSUMES THE RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND ITS SELECTION OF THE INDEPENDENT ACCOUNTANT. THIS PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. FORM 990 PART I, LINE 5 FULL TIME STAFF 330 FULL TIME FACULTY 147 PART TIME FACULTY 378 PART TIME STAFF 190 PART TIME STUDENTS 737