2015-05-07T06:36:30-05:00 2014-06-30 KPMG LLP One Financial Plaza Hartford CT 061032608 990 2013-07-01 060646829 University of Saint Joseph % WILLIAM HAWKINS CONTROLLER UNIV 8602324571 1678 ASYLUM AVENUE Suite WEST HARTFORD CT 061172791 SHAWN M HARRINGTON VP FINANCE & ADMINISTRATION 8602324571 2015-05-06 true Mary-Evelyn Antonetti P00431862 8602324571 2013 2016-02-25 16:41:14Z PAMELA TROTMAN REID PHD 1678 ASYLUM AVENUE WEST HARTFORD CT 061172791 81396735 false 0928 X WWW.USJ.EDU X 1925 CT THE UNIVERSITY OF SAINT JOSEPH PROVIDES A RIGOROUS LIBERAL ARTS AND PROFESSIONAL EDUCATION FOR A DIVERSE STUDENT POPULATION WHILE MAINTAINING A STRONG COMMITMENT TO DEVELOPING THE POTENTIAL OF WOMEN. 28 27 1389 100 125275 -144926 7855011 8301842 59955822 65055019 890300 1209122 495940 367146 69197073 74933129 13625000 13970000 0 0 37077168 39187018 60000 137000 1815645 17481905 18773854 68244073 72067872 953000 2865257 66025480 78123304 30496480 38406304 35529000 39717000 THE UNIVERSITY OF SAINT JOSEPH, FOUNDED BY THE SISTERS OF MERCY IN THE ROMAN CATHOLIC TRADITION, PROVIDES A RIGOROUS LIBERAL ARTS AND PROFESSIONAL EDUCATION FOR A DIVERSE STUDENT POPULATION WHILE MAINTAINING A STRONG COMMITMENT TO DEVELOPING THE POTENTIAL OF WOMEN. THE UNIVERSITY IS A COMMUNITY WHICH PROMOTES THE GROWTH OF THE WHOLE PERSON IN A CARING ENVIRONMENT THAT ENCOURAGES STRONG ETHICAL VALUES, PERSONAL INTEGRITY, AND A SENSE OF RESPONSIBILITY TO THE NEEDS OF SOCIETY. CORE VALUES: *CATHOLIC IDENTITY* THE UNIVERSITY OF SAINT JOSEPH IS GROUNDED IN ITS HERITAGE AS A CATHOLIC INSTITUTION, EXPRESSING THE CATHOLIC TRADITION IN AN ECUMENICAL AND CRITICAL MANNER. *COMMITMENT TO WOMEN* THE UNIVERSITY OF SAINT JOSEPH ENCOURAGES, INSPIRES, AND CHALLENGES EACH WOMAN TO DEVELOP EVERY ASPECT OF HER PERSONHOOD; INTELLECTUAL, SPIRITUAL, SOCIAL, EMOTIONAL, AND PHYSICAL. *COMPASSIONATE SERVICE* THE UNIVERSITY OF SAINT JOSEPH PROMOTES, SUPPORTS, AND FACILITATES CARING SERVICE AS AN INTEGRAL PART O false false 45364902 13970000 54651885 COLLEGE AND MASTERS/DOCTORAL PROGRAMS THE UNIVERSITY OF SAINT JOSEPH, WHICH OFFERS OUTSTANDING EDUCATION VALUE IN UNDERGRADUATE, MASTERS, AND DOCTORAL PROGRAMS, IS LOCATED IN WEST HARTFORD, CONNECTICUT. ENHANCED BY THE CATHOLIC INTELLECTUAL TRADITION AND THE VALUES OF THE SISTERS OF MERCY, THE UNIVERSITY ENCOURAGES STUDENTS TO THRIVE IN A CULTURE OF ACHIEVEMENT AND COLLABORATION. WITH SMALL CLASSES TAUGHT BY EXPERT FACULTY, THE UNIVERSITY PROVIDES A VALUES-CENTERED EDUCATION IN AN ENVIRONMENT THAT FOSTERS LEADERSHIP, CONFIDENCE, AND CREATIVITY. IN ADDITION TO THE UNDERGRADUATE WOMEN'S COLLEGE WITH 877 STUDENTS ENROLLED, THE UNIVERSITY OF SAINT JOSEPH HAS A CO-EDUCATIONAL GRADUATE AND PROFESSIONAL STUDIES PROGRAM OFFERING MASTER'S DEGREES AND CERTIFICATES TO 1,367 STUDENTS; A CO-EDUCATIONAL WEEKEND PROGRAM SERVING 173 ADULT LEARNERS PURSUING THEIR BACCALAUREATE DEGREES; AND A SCHOOL OF PHARMACY, LOCATED IN DOWNTOWN HARTFORD, CONNECTICUT OFFERING A UNIQUE THREE CALENDAR YEAR CO-EDUCATIONAL DOCTORAL DEGREE (PHARM. D.) PROGRAM IN PHARMACY. THE SCHOOL OF PHARMACY'S INAUGURAL CLASS BEGAN IN AUGUST, 2011, WITH 67 STUDENTS; IN 2013 THE SCHOOL HAD 223 STUDENTS. 8970000 10403134 MODEL SCHOOLS THE UNIVERSITY IS HOME TO TWO MODEL SCHOOLS: THE GENGRAS CENTER AND THE SCHOOL FOR YOUNG CHILDREN. THE GENGRAS CENTER IS A STATE-APPROVED PRIVATE SPECIAL EDUCATION FACILITY THAT PROVIDES HIGHLY STRUCTURED, INTENSIVE AND SELF-CONTAINED SPECIAL EDUCATION PROGRAMS FOR ELEMENTARY, MIDDLE AND HIGH SCHOOL STUDENTS. IN 2013 IT SERVED 122 STUDENTS FROM SURROUNDING COMMUNITIES. UNIVERSITY OF SAINT JOSEPH STUDENTS FULFILL REQUIRED CLASSES IN THE FIELDS OF SPECIAL EDUCATION, NURSING, SOCIAL WORK, COUNSELING, AND NUTRITION AT THE CENTER. THE SCHOOL FOR YOUNG CHILDREN IS A NATIONALLY-ACCREDITED PRESCHOOL WHICH HAS BEEN SERVING CHILDREN SINCE 1936; IN 2013 IT ENROLLED 115 STUDENTS. IT SERVES AS A TRAINING PROGRAM FOR UNIVERSITY STUDENTS PURSUING CAREERS IN EARLY CHILDHOOD EDUCATION AND RELATED FIELDS. 54334902 true true false true false false false true false true true false false true true true true false true false false false false true true false false false true true true false true false false false false false false false false true true false false false true false false false true 189 0 true 1389 true true true false false false false true true false false false false X 28 27 false false false false true true true true true false false true true true true true true true false false AK CO DC KY ME MD MA MI NH NJ OK OR SC WA WI X WILLIAM HAWKINS CONTROLLER 8602315405 1678 ASYLUM AVENUE WEST HARTFORD CT 06117 PAMELA TROTMAN REID PHD PRESIDENT, TRUSTEE 37.5 X X 322270 0 86188 LAURA BERRY TRUSTEE 1.0 X 0 0 0 JUDITH A CAREY RSM PHD TRUSTEE 1.0 X 0 0 0 SANDRA BENDER FROMSON PHD TRUSTEE 1.0 X 0 0 0 E CLAYTON GENGRAS JR TRUSTEE 1.0 X 0 0 0 SHEILA W HORAN TRUSTEE 1.0 X 0 0 0 ROSEMARY E JEFFRIES RSM PHD TRUSTEE 1.0 X 0 0 0 WILLIAM T KOSTURKO JD TRUSTEE 1.0 X 0 0 0 PATRICIA LESHANE TRUSTEE 1.0 X 0 0 0 LOIS F LEWIS TRUSTEE 1.0 X 0 0 0 MARY A MCCARTHY RSM TRUSTEE 1.0 X 0 0 0 MICHAEL E MCDONOUGH JD TRUSTEE 1.0 X 0 0 0 JEANNE B MEROLA TRUSTEE 1.0 X 0 0 0 LOIS M NESCI TRUSTEE 1.0 X 0 0 0 BREWSTER PERKINS TRUSTEE 1.0 X 0 0 0 PATRICIA J ROONEY RSM TRUSTEE 1.0 X 0 0 0 ELAINE M SWEENEY RSM TRUSTEE 1.0 X 0 0 0 JAMES WAKIM JD TRUSTEE 1.0 X 0 0 0 CONSTANCE K WEAVER TRUSTEE 1.0 X 0 0 0 KATHLEEN D AMATANGELO TRUSTEE 1.0 X 0 0 0 ELIZABETH C BARTON JD TRUSTEE 1.0 X 0 0 0 GREGORY A BOYKO JD TRUSTEE 1.0 X 0 0 0 SUZANNE M DELIEE RSM TRUSTEE 1.0 X 0 0 0 MARTHA S GERVASI TRUSTEE 1.0 X 0 0 0 ROBERT KING TRUSTEE 1.0 X 0 0 0 JENNIFER C NIEMANN TRUSTEE 1.0 X 0 0 0 ELIZABETH RUBINO TRUSTEE 1.0 X 0 0 0 JOSEPH J SPALLUTO JD TRUSTEE 1.0 X 0 0 0 SHAWN M HARRINGTON VP FINANCE & ADMIN, TREASURER 37.5 X 175496 0 41236 MICHELLE KALIS PROVOST 37.5 X 187267 0 29366 JAMES HENKEL ASSOC. DEAN, SCHOOL OF PHARM 37.5 X 138721 0 15745 DOUGLAS NELSON VP INSTITUTIONAL ADVANCEMENT 37.5 X 161350 0 18242 BERTRAM NICHOLAS ASST. DEAN, SCHOOL OF PHARM 37.5 X 131677 0 16292 JOSEPH OFOSU DEAN, SCHOOL OF PHARMACY 37.5 X 227403 0 25588 IVAN EDAFIOGHO PROFESSOR, SCHOOL OF PHARM 37.5 X 123974 0 26046 1468158 0 258703 40 false true false Bon Appetit co Compass Group USA 2400 Yorkmont Rd Charlotte NC 28217 Food Services 1548655 Sodexo Operations LLC 9801 Washington Blvd Gaithersburg MD 20878 Facilities Mgmt. 1042475 K-12 Teachers Alliance 20624 Abbey Woods Ct North Frankfort IL 60423 Marketing & Admin 923650 JCJ Architecture 38 Prospect St Hartford CT 06103 Architectural Svcs. 362896 Automatic Data Processing Inc 1 ADP Blvd Roseland NJ 07068 Payroll Processing 183490 9 197861 3085518 5018463 169147 8301842 Tuition and fees 611710 49914764 49914764 Residence & Dining 721000 4477129 4477129 Sales & Services 611710 10548310 10548310 Fitness Center Revenue 713940 114816 114816 65055019 465744 465744 0 0 141084 141084 0 141084 141084 7054000 6310622 743378 743378 743378 103482 197861 152984 -49502 -49502 0 0 Commissions 900099 40915 40915 Miscellaneous 900099 234649 10459 224190 275564 74933129 64940203 125275 1565809 0 13970000 13970000 0 0 854090 218819 573297 61974 0 30106265 25637999 3633074 835192 2211246 1883061 266842 61343 3840511 3270516 463454 106541 2174906 1852114 262457 60335 990347 990347 230592 230592 126230 126230 52000 52000 137000 137000 154872 154872 2740613 1843615 747485 149513 1009050 324438 598599 86013 573260 221585 318735 32940 982181 17368 964813 0 2560287 1324020 1236267 282297 219792 22187 40318 0 320600 301217 6655 12728 743835 743835 0 3310920 3310920 335672 335672 Food Services 1407255 1407255 PROGRAM EXPENSES 575093 575093 DUES & SUBSCRIPTIONS 555059 381282 152597 21180 SUPPLIES 328768 298529 30239 1494923 588199 748156 158568 72067872 54334902 15917325 1815645 X 287886 519732 21723 64960 2356657 3265917 2204000 3353999 0 0 0 0 0 0 0 0 536093 635533 79481107 40680380 36145740 38800727 22608019 25140683 0 0 0 0 0 0 1865362 6341753 66025480 78123304 8079831 7613856 0 0 3779781 4559235 16766429 24203598 0 0 0 0 0 0 0 0 1870439 2029615 30496480 38406304 X 15874000 16595000 6835000 9680000 12820000 13442000 35529000 39717000 66025480 78123304 X 2865257 2075743 -753000 X false true X true true true X false false false 5555503 10163000 6966937 7855011 8301842 38842293 0 0 5555503 10163000 6966937 7855011 8301842 38842293 3868999 34973294 465799 477812 639023 608400 606828 2797862 0 10081 0 0 0 10081 68902 104919 45902 403928 265105 888756 42538992 275391929 0.82215 0.00000 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false false false false false true true 52000 false false 52000 false LOBBYING ACTIVITIES THE UNIVERSITY OF SAINT JOSEPH BELONGS TO THE CONNECTICUT CONSORTIUM OF INDEPENDENT COLLEGES (CCIC) AND OTHER ACADEMIC ASSOCIATIONS, WHICH AT TIMES MAY ENGAGE IN LOBBYING ACTIVITIES. DURING THE YEAR ENDED JUNE 30, 2014, THE UNIVERSITY PAID AN OUTSIDE LOBBYING FIRM $52,000 FOR FEDERAL AND STATE GOVERNMENT RELATIONS AND LOBBYING SERVICES. IN ADDITION, THE UNIVERSITY MAY HAVE DIRECT CONTACT WITH LEGISLATORS, TO PROVIDE INFORMATION AND EDUCATION ABOUT THE UNIVERSITY. 675585 X X X X X TEACHING false 23079000 604000 3127000 562000 645000 25603000 21663000 215000 2292000 586000 505000 23079000 21406000 1085000 -51000 553000 224000 21663000 15495000 3730000 2921000 450000 290000 21406000 15503000 82000 1622000 349000 1363000 15495000 0.27000 0.73000 0.00000 false false 2522941 2522941 45523337 21356998 24166339 2447942 1379825 1068117 21551890 14309169 7242721 7434997 3634388 3800609 38800727 UNAMORTIZED BOND ISSUANCE COST 420026 LIFE INSURANCE 10306 CHEFA ESCROW 5901421 SECURITY DEPOSIT 10000 6341753 0 CAPITAL LEASE OBLIGATION 173557 GOVERNMENT GRANTS REFUNDABLE 349729 SHORT-TERM LINE OF CREDIT 1506329 2029615 X 62884000 2075743 2075743 60808257 154872 13970000 14124872 74933129 58696000 753000 753000 57943000 154872 13970000 14124872 72067872 PART III, LINE 4 ORGANIZATION'S COLLECTION OF ART: THE ART GALLERY AT THE UNIVERSITY OF SAINT JOSEPH OPENED IN 2001 IN THE UNIVERSITY'S BRUYETTE ATHENAEUM; IT NOW HOUSES A COLLECTION OF MORE THAN 2,000 WORKS OF ART. A PAINTINGS COLLECTION WHOSE STRENGTH IS IN AMERICAN ART OF THE TWENTIETH CENTURY, INCLUDING WORKS BY THOMAS HART BENTON, GEORGIA O'KEEFFE AND MILTON AVERY IS COMPLEMENTED BY A COLLECTION OF WORKS OF ART ON PAPER. THE LATTER COLLECTION RANGES FROM THE FIFTEENTH CENTURY TO THE PRESENT, INCLUDING NOTEWORTHY EUROPEAN OLD MASTER PRINTS, NINETEENTH-CENTURY JAPANESE WOODBLOCK PRINTS, AND TWENTIETH-CENTURY AND CONTEMPORARY AMERICAN AND EUROPEAN WORKS. WITH A SUITE OF EXHIBITION GALLERIES, A PRINT STUDY ROOM, AND UP-TO-DATE STORAGE FACILITIES, THE ART GALLERY HAS MADE THE UNIVERSITY'S COLLECTION MORE ACCESSIBLE AND HAS OPENED MYRIAD OPPORTUNITIES FOR THE STUDY AND ENJOYMENT OF ART. THE GALLERY COLLABORATES WITH FACULTY TO PRESENT EDUCATIONAL PROGRAMMING AND HOST CLASS VISITS THROUGHOUT THE YEAR, PROVIDES PROFESSIONAL DEVELOPMENT FOR K-12 TEACHERS, AND OFFERS A VARIETY OF LECTURES, GALLERY TALKS, AND SEMINARS FOR THE GENERAL PUBLIC. EACH YEAR THE ART GALLERY PRESENTS SEVERAL SPECIAL EXHIBITIONS IN ADDITION TO CHANGING INSTALLATIONS OF THE PERMANENT COLLECTION. PART V, LINE 4 ENDOWMENT FUNDS: THE UNIVERSITY'S ENDOWMENT CONSISTS OF APPROXIMATELY 170 INDIVIDUAL FUNDS ESTABLISHED FOR A VARIETY OF PURPOSES, INCLUDING BOTH DONOR-RESTRICTED ENDOWMENT FUNDS AND FUNDS DESIGNATED BY THE UNIVERSITY TO FUNCTION AS ENDOWMENTS (QUASI - ENDOWMENT). THE UNIVERSITY MANAGES ITS LONG-TERM INVESTMENTS IN ACCORDANCE WITH THE TOTAL RETURN CONCEPT AND THE GOAL OF MAXIMIZING LONG-TERM RETURN WITHIN ACCEPTABLE LEVELS OF RISK. THE UNIVERSITY'S SPENDING POLICY IS DESIGNED TO PROVIDE A STABLE LEVEL OF FINANCIAL SUPPORT AND TO PRESERVE THE REAL VALUE OF ITS ENDOWMENT. THE UNIVERSITY COMPARES THE PERFORMANCE OF ITS INVESTMENTS AGAINST SEVERAL BENCHMARKS. PART X, LINE 2 FIN 48 MEMO: THE UNIVERSITY WAS GRANTED AN EXEMPT STATUS UNDER THE INTERNAL REVENUE CODE (IRC) SECTION 501(A), AS AN ORGANIZATION DESCRIBED IN SECTION 501(C)(3). UNDER IRC SECTION 501(A) THE UNIVERSITY IS GENERALLY EXEMPT FROM INCOME TAXES. THE UNIVERSITY BELIEVES IT HAS TAKEN NO SIGNIFICANT UNCERTAIN TAX POSITIONS. PART XI, LINE 4B OTHER AMOUNTS INCLUDED ON RETURN BUT NOT BOOKS: FINANCIAL AID $13,970,000 ___________ TOTAL $13,970,000 PART XII, LINE 2D OTHER EXPENSES INCLUDED ON BOOKS BUT NOT ON RETURN: LOSS ON SWAP $ 378,000 LOSS ON REFINANCING 375,000 _________ TOTAL $ 753,000 PART XII, LINE 4B OTHER AMOUNTS INCLUDED ON RETURN BUT NOT BOOKS: FINANCIAL AID $13,970,000 ___________ TOTAL $13,970,000 true true true true true true true false false false false false false false false true false true PUBLICIZING NON DISCRIMINATION POLICY THE UNIVERSITY PUBLISHES ITS NON-DISCRIMINATION POLICY IN THE MAJOR NEWSPAPER IN THE METROPOLITAN REGION FROM WHICH MOST OF ITS STUDENTS COME. FINANCIAL AID FROM GOVERNMENT AGENCY THE UNIVERSITY OF SAINT JOSEPH RECEIVES FINANCIAL AID OR ASSISTANCE FROM GOVERNMENTAL AGENCIES FOR THE BENEFIT OF THE UNIVERSITY'S STUDENTS. X X X X X X X true PAMELA P WEST CONSULTING false 33465 60000 -26535 KAREN BUCK CONSULTING false 5000 77000 -72000 38465 137000 -98535 AL AK AR CA CO CT DE DC FL GA HI ID IL IN IA KS KY LA ME MD MA MI MN MS MO MT NE NV NH NJ NM NY NC ND OH OK OR PA RI SC SD TN TX UT VT VA WA WV WI WY GALA 263558 194472 69086 8200 59363 2500 74083 FUNDRAISER SYC 18659 310 18349 2520 2203 1 19126 3079 16047 2960 1155 301343 197861 103482 8200 64843 2500 77441 152984 -49502 PAID FUNDRAISERS THE UNIVERSITY ENGAGED PAMELA WEST AS A FUNDRAISING CONSULTANT IN CONNECTION WITH THE PLANNING AND IMPLEMENTATION OF A CAMPAIGN TO RAISE FUNDS FOR THE CENTER FOR APPLIED RESEARCH AND EDUCATION, A MAJOR INITIATIVE. THE CAMPAIGN IS A MULTI-YEAR EFFORT REQUIRING SIGNIFICANT ADVANCE PLANNING. THE UNIVERSITY ENGAGED KAREN BUCK AS A FUNDRAISING CONSULTANT IN CONNECTION WITH CONTRIBUTIONS FROM CORPORATIONS AND FOUNDATIONS. true COLLEGE SCHOLARSHIPS & GRANTS 809 13970000 FMV SCHOLARSHIPS MONITOR THE USE OF GRANT FUNDS THE UNIVERSITY'S GRANTS IN THE US CONSIST OF FINANCIAL AID AWARDS WHICH ARE APPLIED AGAINST STUDENTS' RECEIVABLE BALANCES DUE TO THE UNIVERSITY. THE UNIVERSITY MONITORS THESE GRANTS BY CONTROLLING THE APPLICATION OF GRANTS TO STUDENTS' BALANCES. X X true true X X X X X false false false false false false false true false PAMELA TROTMAN REID PHD PRESIDENT, TRUSTEE 284073 0 20000 0 18197 0 28050 0 58138 0 408458 0 0 0 SHAWN M HARRINGTON VP FINANCE & ADMIN, TREASURER 175496 0 0 0 0 0 20320 0 20916 0 216732 0 0 0 MICHELLE KALIS PROVOST 187267 0 0 0 0 0 20901 0 8465 0 216633 0 0 0 JAMES HENKEL ASSOC. DEAN, SCHOOL OF PHARM 138721 0 0 0 0 0 15340 0 405 0 154466 0 0 0 DOUGLAS NELSON VP INSTITUTIONAL ADVANCEMENT 161350 0 0 0 0 0 17752 0 490 0 179592 0 0 0 JOSEPH OFOSU DEAN, SCHOOL OF PHARMACY 227403 0 0 0 0 0 25095 0 493 0 252991 0 0 0 IVAN EDAFIOGHO PROFESSOR, SCHOOL OF PHARM 123974 0 0 0 0 0 14443 0 11603 0 150020 0 0 0 PRESIDENT'S HOUSING AS A CONDITION OF EMPLOYMENT, THE PRESIDENT IS REQUIRED TO LIVE IN THE PRESIDENTIAL RESIDENCE LOCATED ON THE UNIVERSITY CAMPUS. THE FAIR MARKET VALUE OF THE HOUSING IN THE AMOUNT OF $48,660 HAS BEEN INCLUDED IN THE PRESIDENT'S NONTAXABLE BENEFITS. HEALTH AND SOCIAL CLUB DUES THE UNIVERSITY PAYS MEMBERSHIP DUES AT THE HARTFORD GOLF CLUB AND THE HARTFORD GOLF CLUB FOR THE PRESIDENT OF THE UNIVERSITY. THIS MEMBERSHIP ALLOWS THE PRESIDENT TO MEET WITH MEMBERS OF THE COMMUNITY TO PROMOTE THE AIMS OF THE UNIVERSITY. NO PERSONAL USE IS PERMITTED, AND THE AMOUNT OF THE DUES IS NOT INCLUDED IN THE PRESIDENT'S W-2. SCHEDULE J, PART I, QUESTION 7 THE PRESIDENT OF THE UNIVERSITY RECEIVED A DISCRETIONARY BONUS DURING CALENDAR YEAR 2013 BASED UPON ACHIEVEMENT OF ESTABLISHED GOALS. A CHEFA - EASYLOAN 060806186 2011-08-01 5000000 Equipment Financing false false false B CHEFA -SERIES C BOND 060806186 2013-11-01 10800000 Land purchase, refunding false false false C CHEFA SERIES D BOND 060806186 2013-11-01 10800000 BLdg. construction, land purchase, false false false A 2142857 0 5000000 0 0 0 0 0 0 4797224 0 202776 2014 false false false true B 168636 0 10800000 0 0 0 154747 0 0 785182 9808000 52071 2014 false true false true C 84909 0 10800000 0 0 0 128633 0 0 784803 4240000 5646564 false true false true A false false false false 0 false false false true B false false false false 0 false false false true C false false false false 0 false false false false A false true false false 0 false false false 0 false false B false true true true BERKSHIRE BANK 10. false false 0 false false C false true false false 0 false false false 0 false false A false B false C false SCHEDULE K, PART III, LINE 7 THE UNIVERSITY REVIEWS EVERY ACTIVITY PROPOSED FOR ITS BOND-FINANCED FACILITIES, AND DOES NOT ALLOW ANY PRIVATE-USE ACTIVITY IN THOSE FACILITIES. SCHEDULE K, PART IV, LINE 7 AND PART V THE UNIVERSITY THOROUGHLY REVIEWS ITS BOND ACTIVITY TO ENSURE THAT VIOLATIONS TO FEDERAL TAX REQUIREMENTS ARE IDENTIFIED AND CORRECTED. HOWEVER, THE UNIVERSITY DOES NOT MAINTAIN WRITTEN POLICIES FOR THESE REVIEWS. X 1 0 SEE PART II X 169147 AVG. OF MARKET X AUCTION PRIZES 241 0 SEE PART II false true false NONCASH CONTRIBUTIONS OTHER THAN CONTRIBUTIONS OF STOCK, NON-CASH ITEMS ARE NOT INCLUDED IN THE FINANCIAL STATEMENTS OF THE UNIVERSITY UNLESS THEY ARE SIGNIFICANT IN AMOUNT. FOR 2013, THE UNIVERSITY RECEIVED 1 ITEM OF ARTWORK AND 241 AUCTION ITEMS, WHICH WERE RECORDED AT ZERO VALUE. FORM 990, PART VI, QUESTION 6 ORGANIZATION'S MEMBERS: THE CONFERENCE FOR MERCY HIGHER EDUCATION, INC. ACTS AS A CORPORATE MEMBER OF THE UNIVERSITY OF SAINT JOSEPH. FORM 990, PART VI, QUESTION 7A ROLE OF SISTERS OF MERCY: ELECTION TO THE BOARD OF TRUSTEES IS BY MAJORITY VOTE OF THE UNICAMERAL BODY, WHICH CONSISTS OF THE BOARD OF TRUSTEES, AND ONE PERSON DESIGNATED BY THE MEMBER OF THE CORPORATION (THE CONFERENCE FOR MERCY HIGHER EDUCATION, INC., A MARYLAND NON-STOCK, NOT-FOR-PROFIT CORPORATION, ACTING BY AND THROUGH ITS DULY CONSTITUTED AND AUTHORIZED OFFICERS.) FORM 990, PART VI, QUESTION 7B ROLE OF SISTERS OF MERCY: THE FOLLOWING ACTIONS REQUIRE AN AFFIRMATIVE VOTE BY THE MEMBER OF THE CORPORATION (THE CONFERENCE FOR MERCY HIGHER EDUCATION, INC.) IN ORDER TO BE VALID: *DISSOLUTION OF THE CORPORATION, OR CESSATION OF OPERATION AS A UNIVERSITY AND INSTITUTION OF HIGHER EDUCATION; *SALE OF LAND; *SALE, LEASE, EXCHANGE, MORTGAGE, PLEDGE, OR ANY OTHER DISPOSITION OF OTHER ASSETS OR PROPERTY OF THE CORPORATION, IN OTHER THAN THE ORDINARY COURSE OF BUSINESS. APPOINTMENT OR REMOVAL OF THE PRESIDENT OF THE UNIVERSITY IS BY MAJORITY VOTE OF THE UNICAMERAL BODY, WHICH CONSISTS OF THE BOARD OF TRUSTEES AND ONE PERSON DESIGNATED BY THE MEMBER OF THE CORPORATION (THE CONFERENCE FOR MERCY HIGHER EDUCATION, INC.) FORM 990, PART VI, QUESTION 11A FORM 990 REVIEW PROCESS: THE FORM 990 IS REVIEWED IN DRAFT FORM BY THE AUDIT COMMITTEE OF THE BOARD OF TRUSTEES. THE FINAL VERSION IS DISTRIBUTED TO THE BOARD OF TRUSTEES IN ADVANCE OF FILING. FORM 990, PART VI, QUESTION 12 CONFLICT OF INTEREST POLICY: THE PRESIDENT'S OFFICE SENDS ANNUAL CONFLICT OF INTEREST QUESTIONNAIRES TO MEMBERS OF THE BOARD OF TRUSTEES. THE VICE PRESIDENT FOR FINANCE AND ADMINISTRATION REVIEWS THE COMPLETED QUESTIONNAIRES, AND PRESENTS THE RESULTS TO THE BOARD'S AUDIT COMMITTEE. FORM 990, PART VI, QUESTIONS 15A AND SCHEDULE J PART I, QUESTION 3 COMPENSATION POLICY: THE PROCESS FOR DETERMINING THE COMPENSATION FOR THE PRESIDENT MEETS THE THREE REQUIREMENTS OF THE REBUTTABLE PRESUMPTION. COMPENSATION FOR THE UNIVERSITY'S PRESIDENT IS SET BY THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES, WHICH IS COMPOSED OF INDIVIDUALS WHO DO NOT HAVE A CONFLICT OF INTEREST REGARDING THE TRANSACTION. THE PROCESS INCLUDES THE COMPARISON WITH COMPENSATION OF PRESIDENTS OF COMPARABLE INSTITUTIONS, BY MEANS OF INDUSTRY SURVEYS AND REVIEW OF FORM 990'S; AND CONTEMPORANEOUS DOCUMENTATION OF DELIBERATIONS AND DECISIONS REGARDING THE COMPENSATION AGREEMENT. THE PRESIDENT'S COMPENSATION AGREEMENT IS A WRITTEN DOCUMENT. THIS FULL PROCESS WAS MOST RECENTLY UNDERTAKEN DURING THE YEAR ENDED JUNE 30, 2011. FORM 990, PART VI, LINE 19 PUBLIC DISCLOSURE THE ORGANIZATION'S FORM 990, GOVERNING DOCUMENTS, AND AUDITED FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. IN ADDITION, THE FORM 990 AND THE AUDITED FINANCIAL STATEMENTS ARE AVAILABLE THROUGH THE UNIVERSITY'S WEBSITE. THE FORM 990 IS ALSO POSTED ON WWW.GUIDESTAR.ORG FORM 990, PART X, LINES 20 AND 23 THE BALANCE PAYABLE OF THE CHEFA EASYLOAN HAS BEEN REPORTED ON LINE 20, TAX-EXEMPT BOND LIABILITIES, FOR CONSISTENCY IN REPORTING WITH SCHEDULE K. IN TAX YEAR 2012, THE BALANCE OF THE CHEFA EASYLOAN PAYABLE HAD BEEN REPORTED ON LINE 23, SECURED MORTGAGES AND NOTES PAYABLE TO UNRELATED THIRD PARTIES. FOR COMPARATIVE PURPOSES, THE BEGINNING BALANCE OF THE CHEFA EASYLOAN PAYABLE HAS BEEN MOVED TO LINE 20 FOR TAX YEAR 2013. FORM 990, PART XI, LINE 9 OTHER CHANGES IN NET ASSETS OR FUND BALANCES: LOSS ON INTEREST RATE SWAP ($378,000) LOSS ON REFINANCING ($375,000) ------------------- TOTAL OTHER CHANGES IN NET ASSETS ($753,000) CONFERENCE FOR MERCY HIGHER EDUCATION 8380 COLESVILLE ROAD SUITE 300 SILVER SPRING MD 20910 EDUCATION MD 501(C)(3) 1 NA false false false false false false false false false false false false false false false false false false false