2014-05-14T14:45:45-05:00 2013-06-30 232932984 PARENTEBEARD LLC 1650 MARKET STREET SUITE 4500 PHILADELPHIA PA 19103 990 2012-07-01 231365966 ROSEMONT COLLEGE ROSE 6105270200 1400 MONTGOMERY AVENUE ROSEMONT PA 190101699 RANDY ELDRIDGE 6105270200 2014-05-09 1 JULIUS C GREEN CPA JD P00350393 2159720701 2012 2015-11-30 17:44:51Z RANDY ELDRIDGE 1400 MONTGOMERY AVENUE ROSEMONT PA 190101699 30664438 0 X WWW.ROSEMONT.EDU X 1921 PA ROSEMONT COLLEGE IS A COMMUNITY OF LEARNERS DEDICATED TO EXCELLENCE & JOY IN PURSUIT OF KNOWLEDGE. 21 21 568 33 0 0 7460984 3549475 20382259 21715499 441446 994272 389960 333544 28674649 26592790 7227143 7487783 0 0 9692119 9950781 92805 64932 579799 6549415 7440578 23561482 24944074 5113167 1648716 37989460 40452616 11571805 11267974 26417655 29184642 X ROSEMONT COLLEGE IS A COMMUNITY OF LEARNERS DEDICATED TO EXCELLENCE AND JOY IN THE PURSUIT OF KNOWLEDGE. ROSEMONT COLLEGE SEEKS TO DEVELOP IN ALL MEMBERS OF THE COMMUNITY OPEN AND CRITICAL MINDS, AS WELL AS THE ABILITY TO MAKE REASONED MORAL DECISIONS. ROOTED IN CATHOLICISM, AND GUIDED BY THE EDUCATIONAL PRINCIPLES OF CORNELIA CONNELLY AND THE SOCIETY OF THE HOLY CHILD JESUS, ROSEMONT COLLEGE VALUES: TRUST IN AND REVERENCE FOR THE DIGNITY OF EACH PERSON, DIVERSITY IN HUMAN CULTURE AND EXPERIENCE, AND PERSISTENCE AND COURAGE IN PROMOTING JUSTICE WITH COMPASSION. 0 0 17867894 7487783 21715499 ROSEMONT COLLEGE WAS FOUNDED IN 1921 AND IS LOCATED IN SUBURBAN PHILADELPHIA. TOTAL STUDENT ENROLLMENT IS 908 WITH A STUDENT TEACHER RATIO OF 10:1 AND AN AVERAGE CLASS SIZE OF 12. THERE ARE THREE SCHOOLS: THE UNDERGRADUATE COLLEGE, THE SCHOOL OF GRADUATE STUDIES, AND THE SCHOOL OF PROFESSIONAL STUDIES. THE UNDERGRADUATE COLLEGE OFFERS A NUMBER OF MAJORS AND ACADEMIC PROGRAMS, AWARDING BACHELOR OF ARTS, BACHELOR OF FINE ARTS, AND BACHELOR OF SCIENCE DEGREES. EACH PROGRAM OFFERS AN IN-DEPTH STUDY OF A PARTICULAR SUBJECT AREA AS WELL AS A BREADTH OF STUDY IN THE LIBERAL ARTS. THE SCHOOL OF GRADUATE STUDIES OFFERS GRADUATE PROGRAMS THAT AWARD THE MASTER OF BUSINESS ADMINISTRATION, MASTER OF SCIENCE IN MANAGEMENT, MASTER OF ARTS, MASTER OF FINE ARTS, AND THE MASTER OF EDUCATION DEGREES. THE SCHOOL OF PROFESSIONAL STUDIES OFFERS ACCELERATED DEGREE PROGRAMS, CERTIFICATES, AND CORPORATE TRAINING. THE ACADEMIC FOCUS OF THE ACCELERATED DEGREE PROGRAMS IS ON RELEVANT AND PRACTICAL KNOWLEDGE AND TECHNIQUES. SMALL CLASS SIZE AND A SEMINAR ATMOSPHERE COMPLEMENT THE LEARNING EXPERIENCE.GENERAL EDUCATION SCHOLARSHIPS AND FEDERAL AND STATE GRANTS AND SCHOLARSHIPS ARE AWARDED TO STUDENTS. THE COLLEGE PROVIDED STUDENT FINANCIAL AID FROM INTERNAL RESOURCES OF APPROXIMATELY $6,530,000. 17867894 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 1 0 0 0 0 1 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 27 0 1 568 1 0 0 0 0 0 1 1 0 0 0 0 X 21 21 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 PA X RANDY ELDRIDGE 6105270200 1400 MONTGOMERY AVENUE ROSEMONT PA 19010 SHARON HIRSH PHD 50.00 X X 234437 0 22385 JUDITH WILKINSON 5.00 X X 0 0 0 RICHARD E GESCHKE ESQ 1.00 X X 0 0 0 SHARON CLARK 1.00 X X 0 0 0 PATRICIA PHILLIPS SHCJ 1.00 X X 0 0 0 MARY ANN BUCKLEY SHCJ 1.00 X 0 0 0 CHARLES CURRIE SJ 1.00 X 0 0 0 MARGARET DOYLE SHCJ 1.00 X 0 0 0 MARIA A FEELEY ESQ 1.00 X 0 0 0 SEAN H FITZPATRICK 1.00 X 0 0 0 ANNE DURNEY GANNON 1.00 X 0 0 0 SANDRA LINCOLN SHCJ PHD 1.00 X 0 0 0 DAVID J LOGAN 1.00 X 0 0 0 CLARE F MACKIE 1.00 X 0 0 0 ANN MARSHALL 1.00 X 0 0 0 ROBERT J MASSA EDD 1.00 X 0 0 0 EILEEN MCDEVITT SHCJ 1.00 X 0 0 0 MARIANNE MCGONIGLE 1.00 X 0 0 0 MARK NICOLETTI 1.00 X 0 0 0 PATRICIA A PILIA PHD 1.00 X 0 0 0 MARGO B POLETT 1.00 X 0 0 0 SCOTT R REIDENBACH ESQ 1.00 X 0 0 0 RONALD R REMICK 1.00 X 0 0 0 KATHLEEN M ROTONDARO 1.00 X 0 0 0 VERONICA AHERN ESQ 1.00 X 0 0 0 MARION L DAILEY 1.00 X 0 0 0 ELIZABETH FITZMAURICE SHCJ 1.00 X 0 0 0 MARGARET SACHS HEALEY 1.00 X 0 0 0 PAULINE M MCSHAIN SHCJ 1.00 X 0 0 0 MARGARET MARY SHERRY 1.00 X 0 0 0 DR RANDY ELDRIDGE 50.00 X 91066 0 15363 KEVIN MCINTYRE 40.00 X 118271 0 16645 B CHRISTOPHER DOUGHERTY 40.00 X 114425 0 24420 CHRISTYN MORAN 40.00 X 89415 0 18176 647614 0 96989 3 0 1 0 PARKHURST DINING SERVICES 285 E WATERFRONT DRIVE HOMESTEAD PA 15120 FOOD SERVICE 1041947 ARAMARK MANAGEMENT SERVICE LP 1101 MARKET STREET PHILADELPHIA PA 19107 FACILITIES MANAGEMENT 369470 DALE CORPORATION 70 LIMEKILN PIKE GLENSIDE PA 19038 CONSTRUCTION 270927 KIMMEL BROGRETT ACRHITECTURE 151 E 10TH AVENUE PHILADELPHIA PA 19153 ARCHITECTURE 263466 NORTHAMPTON BUILDING SOLUTIONS 1209 DARRAH ROAD WARMINSTER PA 18974 BUILDING SOLUTIONS 162415 7 107595 197691 3244189 60700 3549475 STUDENT TUITION AND FEES 611710 18071318 18071318 ROOM AND BOARD-STUDENTS 721310 3639551 3639551 COMMUTER/STAFF MEAL PLANS 722100 4630 4630 21715499 400024 400024 226823 123912 102911 102911 102911 4512431 3918183 594248 594248 594248 33225 107595 29553 3672 3672 JAPANESE STUDENTS PROJECT 900099 119150 119150 BOOKSTORE, LAUNDRY & VENDING COMM 722210 26289 26289 GAIN - REDEMPTION OF BONDS PAYABL 900099 21184 21184 60338 60338 226961 26592790 21715499 0 1327816 7487783 7487783 754920 754920 7002051 4327918 2301026 373107 278069 167947 94757 15365 1327426 842363 417385 67678 588315 382879 176773 28663 28324 28324 94959 94959 64932 64932 73085 73085 856855 385423 471432 474884 125 474759 750694 197788 536792 16114 719654 78440 641214 744255 152851 591404 138547 120213 12757 5577 33462 7423 17676 8363 224763 224529 234 969967 969967 206857 206857 FOOD SERVICE 936028 936028 OTHER PROGRAM COSTS 384200 219408 164792 BAD DEBT 202954 202954 ATHLETICS 109515 109515 491575 295517 196058 24944074 17867894 6496381 579799 31894 29503 2130811 3253375 5298311 4553675 816046 1189272 561805 442981 485096 377459 35328253 21416369 13599822 13911884 13788293 15243302 1277382 1451165 37989460 40452616 957890 1067040 1190604 999079 4921184 7400000 3950000 1170884 552127 630971 11571805 11267974 X 7240662 7858219 5231859 7355672 13945134 13970751 26417655 29184642 37989460 40452616 X 1648716 1072265 46006 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 13600416 15678 1993452 604850 15004696 12868455 1927806 -276932 742465 176448 13600416 12598732 269723 2082678 899492 1183186 12868455 11523870 1107571 1095385 430162 697932 12598732 8370124 4245928 -892182 200000 11523870 0.08000 0.92000 0 0 351255 351255 27279428 14446917 12832511 6611851 6573329 38522 1085719 396123 689596 13911884 REFUNDABLE ADVANCES FROM FEDERAL GOVERNMENT FOR STUDENT LOANS 552127 LEASES PAYABLE 78844 630971 X 21261644 1072265 -6483791 -5411526 26673170 73085 -153465 -80380 26592790 18494657 153465 153465 18341192 73085 6529797 6602882 24944074 DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: THE COLLEGE'S ENDOWMENT FUND CONSISTS OF APPROXIMATELY 60 INDIVIDUAL FUNDS ESTABLISHED FOR A VARIETY OF PURPOSES. IT INCLUDES BOTH DONOR-RESTRICTED ENDOWMENT FUNDS AND FUNDS DESIGNATED BY THE BOARD OF TRUSTEES TO FUNCTION AS ENDOWMENTS. THE COLLEGE HAS ADOPTED INVESTMENT AND SPENDING POLICIES FOR ENDOWMENT ASSETS THAT ATTEMPT TO PROVIDE A PREDICTABLE STREAM OF FUNDING TO PROGRAMS SUPPORTED BY ITS ENDOWMENT WHILE SEEKING TO MAINTAIN THE PURCHASING POWER OF THE ENDOWMENT ASSETS. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X, LINE 2: THE COLLEGE ACCOUNTS FOR UNCERTAINTY IN INCOME TAXES USING A RECOGNITION THRESHOLD OF MORE-LIKELY-THAN-NOT TO BE SUSTAINED UPON EXAMINATION BY THE APPROPRIATE TAXING AUTHORITY. MEASUREMENT OF THE TAX UNCERTAINTY OCCURS IF THE RECOGNITION THRESHOLD HAS BEEN MET. MANAGEMENT HAS DETERMINED THAT THERE WERE NO TAX UNCERTAINTIES THAT MET THE RECOGNITION THRESHOLD IN 2013 OR 2012. THE COLLEGE'S FEDERAL EXEMPT ORGANIZATION BUSINESS INCOME TAX RETURNS FOR THE YEARS ENDED JUNE 30, 2012, 2011, AND 2010 REMAIN SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE. PART XI, LINE 2D - OTHER ADJUSTMENTS: FINANCIAL ASSISTANCE -6,529,724. CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS 46,006. PERKINS LOAN FEES INCLUDED IN REVENUE ON FINANCIAL STATEMENTS -73. PART XI, LINE 4B - OTHER ADJUSTMENTS: RENTAL EXPENSES -123,912. FUNDRAISING EVENT EXPENSES -29,553. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES 123,912. FUNDRAISING EVENT EXPENSES 29,553. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL ASSISTANCE 6,529,724. PERKINS LOAN FEES INCLUDED IN REVENUE ON FINANCIAL STATEMENTS 73. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 EXPLANATION OF NONDISCRIMINATORY POLICY PUBLICATION SCHEDULE E, PART I, LINE 3 THE RACIALLY NON-DISCRIMINATORY POLICY IS CLEARLY STATED IN ROSEMONT COLLEGE'S PUBLICATIONS AS WELL AS THEIR COURSE CATALOG AND REGISTRATION MATERIAL. EXPLANATION OF GOVERNMENT FINANCIAL ASSISTANCE SCHEDULE E, PART I, LINE 6 ROSEMONT RECEIVES A VARIETY OF FEDERAL AND STATE GRANTS, RELATED TO STUDENT AID OR PROGRAM SUBSISTENCE. X X X X X X X 1 PACESETTERS INC 759 ROBLE ROAD ALLENTOWN PA 18109 MANAGEMENT OF MAIL/EMAIL AND EXPERIENCE FUND SOLICITATIONS 0 1471491 64932 1406559 1471491 64932 1406559 PA CRESSET 140820 107595 33225 1125 20948 7480 140820 107595 33225 1125 20948 7480 29553 3672 1 FINANCIAL ASSISTANCE & SCHOLARSHIPS 572 7487783 CASH N/A PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, PART I, LINE 2: ALL STUDENTS APPLYING FOR FEDERAL FUNDS ARE REQUIRED TO SUBMIT THE FREE APPLICATION FOR FEDERAL STUDENT AID ("FAFSA"). THE OFFICE REVIEWS THE RESULTS OF THE FAFSA, WHICH DICTATES WHAT AND HOW MUCH FEDERAL FUNDING THE INDIVIDUAL STUDENT IS ELIGIBLE FOR. IF THE STUDENT IS DETERMINED TO BE IN COMPLIANCE WITH ALL FEDERAL REGULATIONS, AS DETERMINED BY THE DEPT. OF ED., THE AID OFFICE AWARDS THE STUDENT THE APPROPRIATE FUNDING. STUDENT FILES REGARDING ELIGIBILITY ARE MAINTAINED BY THE STUDENT FINANCIAL AID OFFICE. X 1 1 X X X 0 0 0 0 0 0 0 0 0 SHARON HIRSH PHD 200000 0 0 0 34437 0 22385 0 0 0 256822 0 0 0 PART I, LINE 1A THE PRESIDENT RECEIVES AN ANNUAL HOUSING ALLOWANCE OF $30,000 AND IS REQUIRED TO RESIDE IN OR NEAR ROSEMONT, PA. THE ALLOWANCE IS INCLUDED IN THE PRESIDENT'S TAXABLE INCOME. PART I, LINE 3 THE EXECUTIVE COMMITTEE FULFILLS THE ROLE OF "COMPENSATION COMMITTEE" FOR REVIEW AND APPROVAL OF COMPENSATION. A EAST NORRITON TOWNSHIP INDUSTRIAL DEVELOPMENT AUTHORITY 2012-09-04 7400000 TO REFUND 2004 BONDS AND FUND CAPITAL EXPENDITURES 0 0 0 A 7400000 147646 7252354 2012 1 0 1 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 A 0 0 0 0 0 0 0 0 0 A 0 THE COLLEGE IS IN THE PROCESS OF FORMALIZING A WRITTEN POLICY REGARDING COMPLIANCE WITH BOND REQUIREMENTS. X 4 60700 CLOSING COST 0 1 1 THIRD PARTY USE: PART I, LINE 32B: STOCK DONATIONS ARE TRANSFERRED TO A STOCK DONATION ACCOUNT IN THE NAME OF THE COLLEGE. THE STOCKS ARE THEN SOLD AND THE PROCEEDS ARE TRANSFERRED TO THE COLLEGE'S CASH ACCOUNT. FORM 990, PART VI, SECTION B, LINE 11 THE INFORMATION PRESENTED IN THIS RETURN WAS PREPARED BY THE CONTROLLER AND REVIEWED BY THE VICE PRESIDENT FOR FINANCE AND ADMINISTRATION. BEFORE IT WAS FINALIZED, THE COMPLETE FORM 990 PUBLIC DISCLOSURE COPY WAS LOADED ONTO THE COLLEGE'S INTRANET FOR REVIEW BY THE PRESIDENT AND MEMBERS OF THE BOARD OF TRUSTEES. THE PRESIDENT AND MEMBERS OF THE BOARD WERE NOTIFIED BY EMAIL, DIRECTED TO THE WEBSITE, AND WERE ASKED TO LOOK OVER THE INFORMATION CAREFULLY. FORM 990, PART VI, SECTION B, LINE 12C THE MEMBERS OF THE BOARD OF TRUSTEES ARE REQUIRED TO ANNUALLY DISCLOSE TO THE BOARD CHAIR ANY CONFLICTS OR POTENTIAL CONFLICTS OF INTEREST. FACULTY, ADMINISTRATION, AND STAFF ARE REQUIRED TO DISCLOSE ANY CONFLICTS OR POTENTIAL CONFLICTS OF INTEREST TO THEIR DEAN OR SUPERVISOR. VIOLATIONS OF THE POLICY ARE HANDLED IN ACCORDANCE WITH THE COLLEGE'S DOCUMENTED DISCIPLINARY PROCEDURES. THE PRESIDENT, PROVOST, AND VICE PRESIDENT FOR FINANCE AND ADMINISTRATION ARE JOINTLY RESPONSIBLE FOR MONITORING AND ENFORCING THE CONFLICT OF INTEREST POLICY. FORM 990, PART VI, SECTION B, LINE 15 POSITIONS ARE CLASSIFIED AND PAID ACCORDING TO A UNIFORM INTERNALLY-MAINTAINED SCHEDULE. BECAUSE OF BUDGET CONSTRAINTS, MOST ARE PAID BELOW NATIONAL SALARY AVERAGES OF COMPARATIVE RELIGIOUS COLLEGES/UNIVERSITIES. ROSEMONT USES CUPA-HR DATA TO VALIDATE SALARY OFFERS. 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. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS 46,006.