2015-03-23T13:54:18-05:00 2014-06-30 MALONEY NOVOTNY LLC 1111 SUPERIOR AVENUE SUITE 700 CLEVELAND OH 44114 990 2013-07-01 340714777 URSULINE COLLEGE % DAVID STEINER URSU 4406468301 2550 LANDER ROAD Suite PEPPER PIKE OH 44124 DAVID STEINER VP & CFO 4404494200 2015-03-23 true CHRISTOPHER B ANDERSON P00226559 4404494200 2013 2016-04-25 22:37:26Z SR DIANA P STANO OSU 2550 LANDER ROAD PEPPER PIKE OH 44124 42119989 false X WWW.URSULINE.EDU X 1871 OH THE COLLEGE OFFERS UNDERGRADUATE AND GRADUATE EDUCATION WITHIN A CATHOLIC TRADITION MARKED BY THE URSULINE HERITAGE OF EDUCATING WOMEN. 31 31 622 80 -700 -700 6379544 4397098 27045710 27602923 3014282 4536960 149819 158762 36589355 36695743 5757513 6288168 0 0 15666761 15575187 0 0 1161763 8520813 8474284 29945087 30337639 6644268 6358104 83260621 94458269 9209898 8651617 74050723 85806652 X THE MISSION OF URSULINE COLLEGE IS TO OFFER UNDERGRADUATE AND GRADUATE EDUCATION WITHIN A CATHOLIC TRADITION MARKED BY THE URSULINE HERITAGE OF EDUCATING WOMEN. EMPHASIZING ACADEMIC EXCELLENCE, THE VALUES-BASED CURRICULA PROVIDE THE FOUNDATION FOR LIBERAL ARTS AND PROFESSIONAL PROGRAMS. RESPECTING A DIVERSE STUDENT POPULATION, URSULINE OFFERS VARIED APPROACHES TO LEARNING FOR THE GROWTH OF THE WHOLE PERSON. URSULINE COLLEGE PREPARES STUDENTS FOR FURTHER EDUCATION, CAREERS, LEADERSHIP, AND SERVICE TO SOCIETY WHILE ENCOURAGING THE SEARCH FOR WISDOM. THE COLLEGE OFFERS MORE THAN 30 GRADUATE AND UNDERGRADUATE DEGREES RANGING FROM DOCTOR OF NURSE PRACTITIONER TO HISTORIC PRESERVATION. false false 27431352 6288168 27606971 THE EDUCATION OF INDIVIDUALS AT BOTH THE UNDERGRADUATE AND GRADUATE LEVEL. THE COLLEGE OFFERS MORE THAN 30 DEGREES RANGING FROM CYTOTECHNOLOGY AND INTERIOR DESIGN TO HISTORIC PRESERVATION AND DOCTOR OF NURSE PRACTITIONER. THE APPROXIMATE NUMBER OF STUDENTS WHO ATTEND THE COLLEGE IS 1,500. 27431352 true true false false false false false false false true true false false false true true true false true false false false false false true false false false true false true false false false false false false false false false false true false false false false true false false false true 55 0 true 622 true true true false false false false true true false false false false X 31 31 false false false false true true true true true false false false true true true true false true true false X DAVID STEINER 4406468301 2550 LANDER RD PEPPER PIKE OH 44124 John Newman Chair of Board 1.0 X 0 0 0 Carol Anton Trustee 0.5 X 0 0 0 Mary Jane Breen Trustee 0.5 X 0 0 0 John Burke Trustee 0.5 X 0 0 0 Mhoire McGrath Cade Trustee 0.5 X 0 0 0 Sr Jennifer Corlett OSU Trustee 0.5 X 0 0 0 Teri Hermann Corletzi Trustee 0.5 X 0 0 0 Marcia Cuyler-Lewis Trustee 0.5 X 0 0 0 Dixie Lee Davis Trustee 0.5 X 0 0 0 Eva Dolen Trustee 0.5 X 0 0 0 Sr Susan Durkin OSU Trustee 0.5 X 0 0 0 Sr Kathleen Flanagan OSU Trustee 0.1 X 0 0 0 George Goudreau Jr Trustee 0.5 X 0 0 0 Judith Greig Trustee 0.5 X 0 0 0 Sr Joanne Gross OSU Trustee 0.5 X 0 0 0 Jeffrey Heinen Trustee 0.5 X 0 0 0 Mary Khouri Trustee 0.5 X 0 0 0 William Koeblitz Trustee 0.5 X 0 0 0 Patricia LoPresti Trustee 0.5 X 0 0 0 Sr Maureen McCarthy OSU Trustee 0.5 X 0 0 0 Janet Miller Trustee 0.5 X 0 0 0 Carl Monastra Trustee 0.5 X 0 0 0 Sr Martha Mooney OSU Trustee 0.5 X 0 0 0 Katherine O' Neill Trustee 0.5 X 0 0 0 Sheila Rapp Trustee 0.5 X 0 0 0 Rajanee Shendure Trustee 0.5 X 0 0 0 Michael Silvestro Trustee 0.5 X 0 0 0 Thomas G Smith Trustee 0.5 X 0 0 0 Sr Ritamary Welsh OSU Trustee 0.5 X 0 0 0 Sheryl L Zellner Trustee 0.5 X 0 0 0 Sr Diana Stano OSU President & Trustee 40.0 X X 0 0 0 JoAnne Podis VP Academic Affairs 40.0 X 127695 0 14847 Kevin Gladstone VP Institutional Advancement 40.0 X 121480 0 7708 Deanne Hurley VP Enroll.Mgmt&Student Affairs 40.0 X 109759 0 13771 David Steiner VP & CFO 40.0 X 119858 0 19650 June Gracyk VP Facilities 40.0 X 91705 0 23039 Timothy Reardon Controller 40.0 X 63398 0 21340 Timothy Kinsella Faculty 40.0 X 120973 0 7678 Christine Wynd Dean Nursing School 40.0 X 112123 0 7147 866991 0 115180 6 false false false ALL FOR YOU 4405 FLORIDA STREET PERRY OH 44081 JANITORIAL 353500 METZ CULINARY MANAGEMENT 2 WOODLAND DRIVE DALLAS PA 18612 DINING SERVICE 322789 ALADDIN FOOD MANAGEMENT 16567 COLLECTIONS CENTER DRIVE CHICAGO IL 60693 FOOD SERVICE 431715 BIALOSKY PARTNERS ARCHITECTS 2775 S MORELAND BLVD CLEVELAND OH 44120 CONSTRUCTION 482750 PROJECT CONSTRUCTION SERVICES INC 1360 E NINTH STREET 910 CLEVELAND OH 44114 PROJECT MANAGEMENT 166756 6 4397098 128361 4397098 TUITION AND FEES 900099 25443189 25443189 ROOM AND BOARD 900099 1727302 1727302 BOOKSTORE 900099 33697 33697 OTHER PROGRAM REVENUE 900099 398735 398735 27602923 601855 -700 602555 0 0 134656 134656 0 134656 134656 4514318 4825100 3328355 2075958 1185963 2749142 3935105 3935105 39991 19933 20058 20058 0 0 ALUMNAE SNACK BAR 4048 4048 4048 36695743 27606971 -700 4692374 0 6288168 6288168 0 0 863073 350687 343347 169039 0 11679307 10914041 368081 397185 615745 552805 41096 21844 1484672 1332915 99088 52669 932390 837085 62228 33077 0 91704 91704 42250 42250 0 0 0 1866408 1625037 68687 172684 0 0 5135 3804 190 1141 0 0 578857 553827 9208 15822 0 489824 394017 16688 79119 106204 93303 7744 5157 0 1404472 1235323 101533 67616 0 RECRUITMENT, PUBLICATIONS 517108 454719 55717 6672 EQUIPMENT, FURNITURE 525597 411363 96072 18162 UTILITIES 1286730 1286730 SUPPLIES 533775 511437 14832 7506 1026220 586091 326059 114070 30337639 27431352 1744524 1161763 0 0 14933407 21482117 1107805 1495346 289349 448573 0 0 0 0 677057 705518 0 0 282749 97830 67526217 39210489 29447319 28315728 36355035 41499853 0 0 0 0 0 0 167900 413304 83260621 94458269 1849526 1876895 0 0 187549 122780 6145000 5620000 0 0 0 0 0 0 0 0 1027823 1031942 9209898 8651617 X 35188552 39501006 18350267 24788077 20511904 21517569 74050723 85806652 83260621 94458269 6358104 5397825 X false true X true true true X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 37105518 1020401 7163309 2526858 42762370 34829313 1190064 4942671 3856530 37105518 36009194 912785 -350688 1741978 34829313 28713299 1969779 6634652 1308536 36009194 24845014 1562054 3355415 1049184 28713299 0.22687 0.50319 0.26994 false false 179270 179270 47512515 22249093 25263422 17864285 16961396 902889 1970147 0 1970147 28315728 0 RATE SWAP LIABILITY 10709 GOVERNMENTAL LOAN PROGRAM 1021233 1031942 35805400 5397825 5397825 30407575 6288168 6288168 36695743 24049471 24049471 6288168 6288168 30337639 INTENDED USE OF ENDOWMENT FUNDS - PART V, LINE 4: DISTRIBUTIONS FROM ENDOWMENT FUNDS ARE SPENT IN COMPLIANCE WITH THE DONOR'S RESTRICTIONS APPLICABLE TO THE FUNDS BEING DISTRIBUTED. ANNUAL DISTRIBUTIONS FROM ENDOWMENT FUNDS ARE LIMITED TO 5% OF THE AVERAGE WEIGHTED MARKET VALUE OF INVESTABLE ASSETS OF THE PAST THREE YEARS IN THE PERMANENTLY RESTRICTED FUND. EXPENDITURES ARE USED TO FURTHER THE EDUCATIONAL PURPOSES OF THE COLLEGE. FIN 48 (ASC 740) FOOTNOTE - PART X, LINE 2: THE COLLEGE IS A NON-PROFIT ORGANIZATION THAT IS TAX EXEMPT UNDER SECTION 501(c)(3) OF THE INTERNAL REVENUE CODE. ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRE MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN FOR POSSIBLE RECOGNITION AND MEASUREMENT IN THE FINANCIAL STATEMENTS BASED UPON CERTAIN PRESCRIBED CRITERIA. MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY THE COLLEGE AND HAS CONCLUDED THAT, AS OF JUNE 30, 2014, THERE ARE NO UNCERTAIN POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE SUCH RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS. AS OF JUNE 30, 2014, THE COLLEGE'S INCOME TAX YEARS FROM 2010 AND THEREAFTER REMAIN SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE, AS WELL AS VARIOUS STATE AND LOCAL TAXING AUTHORITIES. OTHER CHANGES IN REVENUE - PART XI, LINE 4B: SCHOLARSHIPS RECORDED AS A REDUCTION OF TUITION REVENUE ON FINANCIAL STATEMENTS: $6,288,168 OTHER CHANGES IN EXPENSES - PART XII, LINE 4B: SCHOLARSHIPS RECORDED AS A REDUCTION OF TUITION REVENUE ON FINANCIAL STATEMENTS: $6,288,168 true true true true true true true false false false false false false false false true false true PUBLICATION OF RACIALLY NONDISCRIMINATORY POLICY - LINE 3: THE COLLEGE PUBLISHES ITS RACIALLY NONDISCRIMINATORY POLICY IN ALL LOCAL NEWSPAPERS THAT SERVE THE GENERAL COMMUNITY IN WHICH THE COLLEGE IS LOCATED. FINANCIAL AID FROM A GOVERNMENTAL AGENCY - LINE 6A: THE COLLEGE PARTICIPATES IN VARIOUS STATE AND FEDERAL STUDENT FINANCIAL ASSISTANCE PROGRAMS WHICH ARE REGULATED FOR COMPLIANCE BY VARIOUS GOVERNMENT DEPARTMENTS. THE COLLEGE AND ITS STUDENTS RECEIVED APPROXIMATELY $17.4 MILLION FOR THE YEAR ENDED JUNE 30, 2014; OF THIS AMOUNT, A SUBSTANTIAL PORTION IS UTILIZED FOR PAYMENT OF TUITION AND FEES. DURING THE COURSE OF ITS PARTICIPATION IN THE FEDERAL PERKINS LOAN PROGRAM, PERKINS NOTES RECEIVABLE ARE MADE TO STUDENTS AT A FLAT RATE ESTABLISHED BY THE DEPARTMENT OF EDUCATION, WHICH WAS FIVE PERCENT AT JUNE 30, 2014. CAVALIERS 16518 16518 2924 GOLF 13342 13342 6590 2 10131 10131 10419 39991 39991 19933 19933 20058 true SCHOLARSHIPS 609 6288168 MONITORING USE OF GRANT FUNDS - PART I, LINE 2: THE COLLEGE'S ONLY GRANT-MAKING ACTIVITY IS TO PROVIDE SCHOLARSHIPS TO THOSE STUDENTS THAT MEET CERTAIN FINANCIAL AND MERIT CRITERIA. THESE SCHOLARSHIPS ARE DEDUCTED FROM EACH RECIPIENT'S BILL FOR TUITION AND FEES. AS SUCH, THE COLLEGE IS ASSURED THAT ITS GRANTS ARE USED FOR THE INTENDED PURPOSE OF HELPING STUDENTS WITH EDUCATIONAL EXPENSES. A OHIO HIGHER EDUCATIONAL FACILITY COMMISSION 346849674 2009-06-15 8000000 EDUCATIONAL FACILITIES false false false A 0 0 8000000 0 0 0 94969 0 0 7905031 0 0 2010 true false true true A false true true true false 0.00000 0.00000 0.00000 true false false true A false true false false true true FIRST MERIT 5. false false false 0 false false A false X 9 128361 FMV false true true USE OF THIRD PARTIES - PART I, LINE 32B: THE COLLEGE USES A BROKER TO SELL DONATED SECURITIES. THE BROKER'S FEES ARE AT OR BELOW THE FAIR MARKET VALUE OF SUCH SERVICES. MEMBERS OF THE CORPORATION - FORM 990, PART VI, LINE 6: The members of the College are the President of the Ursuline Sisters of Cleveland and those designated by the leadership team of the Ursuline Sisters of Cleveland. MEMBERS' POWER TO ELECT BOARD MEMBERS - FORM 990, PART VI, LINE 7A: The members of the College have the power to appoint all Board Members. DECISION APPROVAL BY THE MEMBERS - FORM 990, PART VI, LINE 7B: The members of the College have approval rights over certain major decisions of the Board including change in mission, election of trustees, amendments to Articles of Incorporation or Regulations, sale of assets out of the ordinary course of business, sale of substantially all assets of the corporation, and the merger or dissolution of the corporation. REVIEW OF FORM 990 - FORM 990, PART VI, LINE 11B: After preparation of Form 990 by the independent public accountants, the Finance Committee reviews the return. After the Committee's review, the Form 990 is provided to all Board members prior to being filed. MONITORING AND ENFORCEMENT OF CONFLICT POLICY - FORM 990,PART VI,LINE 12C: The College reviews its conflict policy with the Board annually. On an on-going basis, the Committees of the Board inquire about potential conflicts based upon general knowledge of business or personal relationships among fellow Board members. The College's Finance Department also assists with reviewing transactions for which conflicts may exist. When a conflict arises, the individual with the conflict is not permitted to vote or participate in the discussion of the proposed transaction. The decision about the transaction is made by persons who are independent of the person with the conflict of interest. COMPENSATION DETERMINATION - FORM 990, PART VI, LINE 15: The Board's Finance Committee reviews the compensation provided to the President and other compensated officers annually. The Committee utilizes camparative data, and this review was last performed in 2014. The members of the Finance Committee are independent of the employees for whom compensation decisions are being made. AVAILABILITY OF DOCUMENTS - FORM 990, PART VI, LINE 19: The College does not make its financial statements, conflict of interest policy or governing documents available to the general public. ADDITIONAL INFO.RE.FORM 990 PROVIDED TO BOARD - FORM 990,PART VI,LINE 11A: THE COLLEGE RECEIVED A DONATION DURING THIS FISCAL YEAR FOR WHICH THE DONOR WANTED TO REMAIN ANONYMOUS. IN KEEPING WITH THE DONOR'S WISHES, THE COLLEGE PROVIDED A COPY OF FORM 990 TO THE ENTIRE BOARD WITH "ANONYMOUS" LISTED ON SCHEDULE B INSTEAD OF THE ACTUAL DONOR'S NAME AND ADDRESS. BECAUSE THE INSTRUCTIONS TO FORM 990 AND SCHEDULE B DO NOT PERMIT THE LISTING OF ANONYMOUS DONORS, SCHEDULE B WAS CHANGED TO INCLUDE THE DONOR'S NAME AND ADDRESS BEFORE FORM 990 WAS FILED. BECAUSE THE BOARD RECEIVED A COPY OF FORM 990 IN WHICH THE DONOR'S NAME WAS OMITTED, WE ARE NOT PERMITTED TO ANSWER THE QUESTION IN PART VI, LINE 11A "YES". IT SHOULD BE NOTED, HOWEVER, THAT THE BOARD RECEIVED A COPY OF FORM 990 WHICH INCLUDED ALL OTHER INFORMATION (EVEN THE OTHER DONORS LISTED ON SCHEDULE B) EXCEPT FOR THE LISTING OF THE ANONYMOUS DONOR'S NAME. URSULINE SISTERS OF CLEVELAND 2600 LANDER ROAD PEPPER PIKE OH 44124 340832279 RELIGIOUS OH 501(c)(3) 1 NA false false false false false false false false false false false false false true false false true false false false URSULINE SISTERS OF CLEVELAND M 899634 FMV URSULINE SISTERS OF CLEVELAND P 348926 FMV