2014-04-14T18:49:09-05:00 2013-05-31 990 2012-06-01 610482955 BELLARMINE UNIVERSITY BELL 5022728261 2001 NEWBURG ROAD LOUISVILLE KY 40205 ROBERT L ZIMLICH 5022728261 2014-04-14 2012 2015-11-30 17:44:51Z ROBERT L ZIMLICH 2001 NEWBURG ROAD LOUISVILLE KY 40205 70631778 0 X WWW.BELLARMINE.EDU X 1950 KY POST-SECONDARY EDUCATION. 28 26 1619 466 0 0 5128051 8778341 56050611 58953353 652828 1628425 706186 1041373 62537676 70401492 34843 0 0 0 38625253 41428626 0 0 3583264 22957954 24963571 61618050 66392197 919626 4009295 180930123 188345185 80507739 79198956 100422384 109146229 X BELLARMINE UNIVERSITY EDUCATES STUDENTS THROUGH UNDERGRADUATE AND GRADUATE PROGRAMS IN THE LIBERAL ARTS AND PROFESSIONAL STUDIES. THE UNIVERSITY IS AN INDEPENDENT CATHOLIC UNIVERSITY SERVING THE REGION, NATION, AND WORLD THROUGH POST-SECONDARY EDUCATION. 0 0 29181247 47248368 INSTRUCTION: 2730 STUDENTS IN UNDERGRADUATE CLASSES; 872 STUDENTS IN GRADUATE CLASSES; 868 STUDENTS GRADUATED IN 2012-2013 SCHOOL YEAR. 7268060 6689719 AUXILIARY HOUSING: AUXILIARY ENTERPRISES:STUDENT HOUSING IS THE MAJOR AUXILIARY ENTERPRISE. LIVING QUARTERS WERE PROVIDED TO 1078 STUDENTS IN THE RESIDENCE HALLS. 13277293 5013110 STUDENT SERVICES, STUDENT AFFAIRS OFFICE, ADMISSIONS AND ENROLLMENT SERVICES,REGISTRARS OFFICE, HEALTH AND COUNSELING SERVICES, ATHLETICS AND RECREATION 4399239 817253 ACADEMIC SUPPORT, LIBRARY AND COMPUTER TECHNOLOGY SERVICES, SUPPORT FOR THE FOUR ACADEMIC DIVISIONS 4399239 817253 54125839 1 1 0 0 0 0 0 1 0 1 1 1 0 0 1 1 1 0 1 0 1 0 0 0 1 0 0 0 0 1 1 0 0 0 0 0 0 0 1 0 1 1 0 0 0 0 1 0 0 0 1 390 1 1 1619 1 0 0 0 0 0 1 1 0 0 X 28 26 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 KY MA WA AK NH X X ROBERT L ZIMLICH VP FOR ADMIN & FINANCE 5022728261 2001 NEWBURG ROAD LOUISVILLE KY 40205 JOSEPH J MCGOWAN 40.00 X X 675664 0 83189 NICK CAROSI 2.00 X 0 0 0 JOSEPH P CLAYTON 2.00 X 0 0 0 RUSS COX 2.00 X 0 0 0 SHARON DES JARLAIS 2.00 X 0 0 0 JAMES R ALLEN 2.00 X 0 0 0 JOHN LANSING 2.00 X 0 0 0 C EDWARD GLASSCOCK 2.00 X 0 0 0 MICHAEL HOBBS 2.00 X 0 0 0 LYNN JARRELL SR 2.00 X 0 0 0 REV JOSEPH E KURTZ DD 2.00 X 0 0 0 MICHAEL J MACKIN 2.00 X 0 0 0 ELIZABETH MONTGOMERY 2.00 X 0 0 0 STEPHEN G MULLINS 2.00 X 0 0 0 WPATRICK MULLOY 2.00 X 0 0 0 STEVE TRAGER 2.00 X 0 0 0 JOE REAGAN 2.00 X 0 0 0 T W SAMUELS 2.00 X 0 0 0 LEONARD M SPALDING 2.00 X 0 0 0 MARION A SWOPE MD 2.00 X 0 0 0 TOM L THOMAS 2.00 X 0 0 0 DOUG WHYTE 2.00 X 0 0 0 ANGELA MASON 2.00 X 0 0 0 DONALD BERG 2.00 X 0 0 0 MICHAEL MCCALLISTER 2.00 X 0 0 0 MARIA GERWING HAMPTON 2.00 X 0 0 0 DORIS TEGART 40.00 X 213247 0 30241 FRED W RHODES 40.00 X 193950 0 32416 ROBERT L ZIMLICH 40.00 X 182993 0 51165 GLENN KOSSE 40.00 X 194164 0 33190 HUNT HELM 40.00 X 152483 0 22944 SEAN RYAN 40.00 X 159844 0 28031 CAROLE PFEFFER 40.00 X 126304 0 18141 DANIEL BAUER 40.00 X 162914 0 28963 MICHAEL MATTEI 40.00 X 157834 0 29399 ROBERT COOTER 40.00 X 155798 0 20293 SCOTT DAVENPORT 40.00 X 201834 0 25266 SCOTT WIEGANDT 40.00 X 141365 0 26819 2718394 0 430057 40 0 1 0 FW OWENS COMPANY 331 BOXLEY AVENUE LOUISVILLE KY 40209 BUILDING CONTRACTOR 2378490 DOE ANDERSON 620 WEST MAIN STREET LOUISVILLE KY 40202 ADVERTISING 682995 ROYALL AND COMPANY 1920 EAST PARHAM ROAD RICHMOND VA 23228 RECRUITING CONSULTANTS 611564 FACILITIES MANAGEMENT SERVICES 4400 BISHOP LANE 108 LOUISVILLE KY 40218 CLEANING SERVICES 513556 CLARK & RIGGS PRINTING INC 1705 W JEFFERSON ST LOUISVILLE KY 40203 PRINTING SERVICES 467059 36 92699 286459 8399183 8778341 TUITION AND FEES 900099 47248368 47248368 AUXLIARY ENTERPRISES-HOUSING 900099 5064125 5064125 FOOD REVENUE 900099 1434589 1434589 CAMPUS STORE 900099 176019 176019 MEMBERSHIP DUES 900099 17142 17142 5013110 5013110 58953353 1628425 1628425 125487 16250 109237 109237 109237 323391 92699 206736 116655 116655 675 291 384 384 35496 7009 28487 28487 OTHER INCOME 531390 391180 391180 SPORTS CAMP REVENUE 713990 308190 308190 ACADEMIC RELATED PARKING 812930 87240 87240 786610 70401492 59768450 0 1854701 2252034 847013 1158304 246717 29753368 25786128 2399627 1567613 2117604 1797585 186616 133403 5223576 4273516 711845 238215 2082044 1797355 177581 107108 178457 177557 900 49475 49475 1133010 904441 63154 165415 755674 335911 36681 383082 2923889 2292583 548803 82503 1242391 516179 670813 55399 1599183 1597356 1827 1397602 1271051 100167 26384 183480 117805 56503 9172 3574685 3490302 67313 17070 4173216 3721551 360296 91369 386622 329849 56773 OTHER EXPENSES-PLANT 2496957 2030896 358600 107461 OTHER MISCELLANEOUS EXP 2326371 1198227 1075353 52791 OTHER EXPENSES -PRINTIN 1001583 751464 81942 168177 MEALS 971053 648623 211859 110571 569923 418004 132005 19914 66392197 54125839 8683094 3583264 14652107 12408342 6803886 8210802 2087147 1919553 113400 109003 2812941 2301873 156892732 45811058 107697865 111081674 29369209 32949546 13855009 15699119 3538559 3665273 180930123 188345185 5055401 4470965 2181929 2810336 70240000 69015800 58471 8553 2971938 2893302 80507739 79198956 X 59426197 60861529 11151784 16586280 29844403 31698420 100422384 109146229 180930123 188345185 4009295 4714550 0 X X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X 0 38574903 1140935 5913542 1028552 509501 338447 43752880 41225490 1062421 -2009908 935819 444787 322494 38574903 32783101 3089001 6948188 927679 407934 259187 41225490 28175218 1166090 4993873 914780 378414 258886 32783101 34726715 1877606 -6933303 897153 371294 227353 28175218 0.21650 0.78350 0 0 3528618 3528618 114502252 27687124 86815128 15762752 10237611 5525141 23099110 7886323 15212787 111081674 332202 F OTHER ENDOWMENT SECURITIES 7465961 F GLOBAL HEDGED EQUITY 4042956 F ABSOLUTE RETURN HEDGE FUND 1246841 F DISTRESSED DEBT 1111839 F PRIVATE EQUITY 1499320 F 15699119 ANNUITY OBLIGATIONS 1320797 U.S. ADVANCES FOR STUDENT LOANS 751393 INTEREST RATE SWAP 821112 2893302 X 74921483 4714550 230286 4944836 69976647 424845 424845 70401492 66197638 230286 230286 65967352 424845 424845 66392197 PART III, LINE 4: THE HISTORICAL TREASURES OF THE UNIVERSITY CONSIST OF OVER 50,000 ITEMS OF THOMAS MERTON INCLUDING WRITINGS, DRAWINGS, PHOTOGRAPHS, PERSONAL POSSESSIONS, AND OTHER MERTON ARTIFACTS. THEY ARE KEPT IN THE THOMAS MERTON CENTER LOCATED IN THE UNIVERISTY LIBRARY BUILDING. THE MERTON CENTER IS USED FOR SCHOLARLY RESEARCH ON THOMAS MERTON,A WORLD CONTEMPLATIVE AND WRITER. IN ADDITION TO THE MERTON TREASURES, THE UNIVERSITY HAS NUMEROUS DOROTHY DAY TREASURES. DOROTHY DAY WAS A NOTED TWENTIETH CENTURY CATHOLIC SOCIAL ACTIVIST AND THINKER. AMONG THE TREASURES OF THE UNIVERSITY ARE 136 ORIGINAL LETTERS FROM DOROTHY DAY, FOUR SIGNED BOOKS BY DOROTHY DAY, HUNDREDS OF EARLY CATHOLIC WORKER PHOTOS AND 523 CATHOLIC WORKER NEWSPAPERS, MOSTLY COMPLETE FROM THE FIRST ISSUE, 1933 THROUGH 1990. THESE MATERIALS ARE NOW AVAILABLE FOR CONSULTATION BY RESEARCHERS VISITING THE THOMAS MERTON CENTER AT BELLARMINE UNIVERSITY WHO ARE INTERESTED IN THE LIFE AND WORK OF DOROTHY DAY. DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: THE UNIVERSITY HAS ADOPTED INVESTMENT AND SPENDING POLICIES, APPROVED BY THE BOARD OF TRUSTEES, FOR ENDOWMENT ASSETS THAT ATTEMPT TO PROVIDE A PREDICTABLE STREAM OF FUNDING TO SUPPORT CURRENT AND FUTURE UNIVERSITY NEEDS, WHILE SEEKING TO MAINTAIN THE PURCHASING POWER OF THESE ENDOWMENT ASSETS OVER THE LONG-TERM, AND TO BUILD CAPITAL FOR FUTURE USE. THE UNIVERSITY'S SPENDING AND INVESTMENT POLICIES WORK TOGETHER TO ACHIEVE THIS OBJECTIVE. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X, LINE 2: PURSUANT TO A DETERMINATION BY THE INTERNAL REVENUE SERVICE, THE UNIVERSITY IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. GAAP REQUIRES THE UNIVERSITY TO EVALUATE TAX POSITIONS TAKEN BY THE UNIVERSITY AND RECOGNIZE A TAX LIABILITY (OR ASSET) IF THE UNIVERSITY HAS TAKEN ANY UNCERTAIN TAX POSITIONS. THE UNIVERSITY HAS ANALYZED THE TAX POSITIONS TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY (OR ASSET) ON ALL INCOME TAX RETURNS THAT REMAIN OPEN TO EXAMINATION BY THE RESPECTIVE TAXING AUTHORITIES. THE UNIVERSITY DOES NOT BELIEVE THAT THERE ARE ANY UNCERTAIN TAX POSITIONS ON THOSE RETURNS THAT WOULD REQUIRE RECOGNITION OF A LIABILITY (OR ASSET) THAT SHOULD BE REFLECTED IN THE FINANCIAL STATEMENTS. THE UNIVERSITY IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS. THE UNIVERSITY BELIEVES IT IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS FOR TAX YEARS PRIOR TO MAY 31, 2010. PART XI, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES, SPECIAL EVENTS, AND COST OF GOODS SOLD 230,286. PART XI, LINE 4B - OTHER ADJUSTMENTS: SPORTS CAMP REVENUE 308,190. ATHLETIC TEAM FUND RAISING 116,655. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES, SPECIAL EVENTS, AND COST OF GOODS SOLD 230,286. PART XII, LINE 4B - OTHER ADJUSTMENTS: SPORTS CAMP REVENUE NETTED AGAINST EXPENSE. 308,190. ATHLETIC TEAM FUND RAISING NETTED AGAINST EXPENSE 116,655. SCHEDULE D, PAGE 4, PART XII, LINE 2D-RENTAL EXPENSES, SPECIAL EVENTS EXPENSE AND COST OF GOODS SOLD WHICH WERE NETTED AGAINST THE REVENUE ACCOUNTS FOR PRESENTATION ON THE 990, BUT INCLUDED AS EXPENSE ON THE AUDITED STATEMENTS.(SEE EXPLANATION SCHEDULE D, PAGE 4, PART XIII, LINE 2D BELOW.) SCHEDULE D, PAGE 4, PART XII, LINE 4B-SPORTS CAMP REVENUE AND ATHLETIC TEAM FUND RAISING NETTED AGAINST EXPENSES IN THE AUDITED STATEMENTS BUT SHOWN AS INCOME ON THE 990. SCHEDULE D, PAGE 4, PART XIII, LINE 2D-RENTAL EXPENSES, SPECIAL EVENTS EXPENSE AND COST OF GOODS SOLD WHICH WERE NETTED AGAINST THE REVENUE ACCOUNTS FOR PRESENTATION ON THE 990, BUT INCLUDED AS EXPENSE ON THE AUDITED STATEMENTS. SCHEDULE D, PAGE 4, PART XIII, LINE 4B, REPRESENTS SPORTS CAMP REVENUE OF 308,190 AND ATHLETIC TEAM FUND RAISING OF 116,655 NETTED AGAINST EXPENSE IN THE AUDITED STATEMENTS, AND SHOWN AS REVENUE ON THE 990. 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 POLICY IS WRITTEN IN ALL OF THE PUBLICATIONS OF THE UNIVERSITY. ALSO THE POLICY IS BROADCAST THROUGHOUT THE YEAR IN NUMEROUS PUBLIC PUBLICATIONS INCLUDING LOCAL NEWSPAPERS, PROMOTIONAL MATERIALS AND OTHER STUDENT BROCHURES. EXPLANATION OF GOVERNMENT FINANCIAL ASSISTANCE SCHEDULE E, PART I, LINE 6 BELLARMINE UNIVERSITY PARTICIPATES IN THE FOLLOWING FINANCIAL AID PROGRAMS: FEDERAL PELL GRANT PROGRAM, FEDERAL WORK STUDY PROGRAM, FEDERAL SUPPLEMENTAL EDUCATIONAL OPPORTUNITY GRANT PROGRAM, FEDERAL PERKINS LOAN PROGRAM, FEDERAL DIRECT LOAN PROGRAM, TEACHER EDUCATION ASSISTANCE FOR COLLEGE AND HIGHER EDUCATION GRANTS PROGRAM, AND THE FEDERAL TEACH GRANT PROGRAM. THE UNIVERSITY COMPLIES WITH THE ANNUAL SINGLE AUDIT REQUIREMENTS, FILINGS WITH THE FEDERAL AUDITING CLEARINGHOUSE AND THE DEPARTMENT OF EDUCATION FILINGS. MADRID, SPAIN 0 0 PROGRAM SERVICES 33 STUDY ABROAD STUDENTS, MBA 720 PARIS, FRANCE 0 0 PROGRAM SERVICES 28 STUDY ABROAD STUDENTS, MBA 720 EUROPE 0 0 PROGRAM SERVICES 4 STUDY ABROAD STUDENTS, BA 410 AUSTRALIA 0 0 PROGRAM SERVICES 7 STUDENTS - PT FIELD EXPERIENCE SERVICE LEARNING LONDON 0 0 PROGRAM SERVICES 8 STUDY ABROAD STUDENTS, CCSA IDC 301 IRELAND 0 0 PROGRAM SERVICES 6 STUDY ABROAD STUDENTS, CCSA AUSTRIA-BREGENZ 0 0 PROGRAM SERVICES 2 STUDY ABROAD STUDENTS, KIIS CHINA 0 0 PROGRAM SERVICES 1 STUCY ABROAD STUDENT, KIIS ART 342 BERLIN 0 0 PROGRAM SERVICES 3 STUDY ABROAD STUDENTS, KIIS GREECE 0 0 PROGRAM SERVICES 1 STUDY ABROAD STUDENT, KIIS ITALY 0 0 PROGRAM SERVICES 8 STUDY ABROAD STUDENTS, KIIS IDC 301 INSTANBUL 0 0 PROGRAM SERVICES 2 STUDY ABROAD STUDENTS, KIIS MEXICO 0 0 PROGRAM SERVICES 1 STUDY ABROAD STUDENT, KIIS PRAGUE 0 0 PROGRAM SERVICES 1 STUDY ABROAD STUDENT, KIIS PARIS, FRANCE 0 0 PROGRAM SERVICES 4 STUDY ABROAD STUDENTS, KIIS IDC 301 SPAIN 0 0 PROGRAM SERVICES 4 STUDY ABROAD STUDENTS, KIIS SPAN 420 ECUADOR 0 0 PROGRAM SERVICES 1 STUDY ABROAD STUDENT, KIIS BARCELONA 0 0 PROGRAM SERVICES 1 STUDY ABROAD STUDENT, PSYC 409 CATTOLICA, ITALY 0 0 PROGRAM SERVICES 1 STUDY ABROAD STUDENT CUHK, CHINA 0 0 PROGRAM SERVICES 2 STUDY ABROAD STUDENTS HELSINKI 0 0 PROGRAM SERVICES 1 STUDY ABROAD STUDENT NMMU, SOUTH AFRICA 0 0 PROGRAM SERVICES 3 STUDY ABROAD STUDENTS, NURS FREMANTLE, AUSTRALIA 0 0 PROGRAM SERVICES 1 STUDY ABROAD STUDENT, NURS RHODES, SOUTH AFRICA 0 0 PROGRAM SERVICES 2 STUDY ABROAD STUDENTS, ART ROEHAMPTON, ENGLAND 0 0 PROGRAM SERVICES 1 STUDY ABROAD STUDENT, PSYC SYDNEY, AUSTRALIA 0 0 PROGRAM SERVICES 1 STUDY ABROAD STUDENT, NURS TUEBINGEN, GERMANY 0 0 PROGRAM SERVICES 1 STUDY ABROAD STUDENT, FLIS (GERM) ULSTER, NORTHERN IRELAND 0 0 PROGRAM SERVICES 1 STUDY ABROAD STUDENT, PSYC USFQ, ECUADOR 0 0 PROGRAM SERVICES 1 STUDY ABROAD STUDENT, BIO WESTER AUSTRALIA, AUSTRALIA 0 0 PROGRAM SERVICES 1 STUDY ABROAD STUDENT LINKOPING UNIVERSITY, SWEDEN TEACHING PLACEMENT 0 0 PROGRAM SERVICES 3 STUDY ABROAD STUDENTS MALARDALEN UNIVERSITY, SWEDEN 0 0 PROGRAM SERVICES 1 STUDY ABROAD STUDENT RITSUMEIKAN, JAPAN 0 0 PROGRAM SERVICES 1 STUDY ABROAD STUDENT UNIVERSITE' FRANCHE-COMTE', FRANCE 0 0 PROGRAM SERVICES 1 STUDY ABROAD STUDENT UNIVERSITE' LILLE, FRANCE 0 0 PROGRAM SERVICES 1 STUDY ABROAD STUDENT UNIVERSITE' NANTES, FRANCE 0 0 PROGRAM SERVICES 1 STUDY ABROAD STUDENT UNIVERSITY OF BULGARIA, BULGARIA 0 0 PROGRAM SERVICES 1 STUDY ABROAD STUDENT UNIVERSITY OF CHESTER, ENGLAND 0 0 PROGRAM SERVICES 1 STUDY ABROAD STUDENT UNIVERSITY OF EASTERN FINLAND JOENSUU, FINLAND 0 0 PROGRAM SERVICES 1 STUDY ABROAD STUDENT UNIVERSITY OF WESTERN SYNDEY, AUSTRALIA 0 0 PROGRAM SERVICES 1 STUDY ABROAD STUDENT INDIA 0 0 PROGRAM SERVICES 6 STUDY ABROAD STUDENTS VARIOUS WINTER UNDERGRADUATE PROGRAMS INDIA 0 0 PROGRAM SERVICES 12 STUDY ABROAD STUDENTS, MBA 720 INDIA 0 0 PROGRAM SERVICES 10 STUDY ABROAD STUDENTS, MAS 569 01 LONDON, DUBLIN 0 0 PROGRAM SERVICES 2 STUDY ABROAD STUDENTS CENTRAL EUROPE 0 0 PROGRAM SERVICES 15 STUDY ABROAD STUDENTS, MUSIC BAHAMAS 0 0 PROGRAM SERVICES 30 STUDY ABROAD STUDENTS, BIOL 225/226 GUATEMALA 0 0 PROGRAM SERVICES 20 STUDY ABROAD STUDENTS, NONCREDIT SERVICE LEARNING 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 KNIGHT OF KNIGHTS 155875 10861 145014 59351 85663 DESIGNER SHOW HOUSE 112118 74768 37350 37350 2 148097 7070 141027 21605 2767 416090 92699 323391 80956 125780 206736 116655 675 291 0 675 291 291 384 KY 1 0 0 0 1.00000 RESTRICTED FUND ACCOUNTANT SUPERVIS 2001 NEWBURG ROAD LOUISVILLE KY 40205 0 CONNIE HURLEY WORKS TO ENSURE THAT THE UNIVERSITY COMPLIES WITH ALL APPLICABLE GAMING LAWS. X 0 X X X 1 1 X X 0 0 0 0 0 0 0 1 0 JOSEPH J MCGOWAN 354311 0 244084 0 77269 0 25000 0 58189 0 758853 0 50000 0 DORIS TEGART 200948 0 0 0 12299 0 21909 0 8332 0 243488 0 0 0 FRED W RHODES 180735 0 0 0 13215 0 18829 0 13587 0 226366 0 0 0 ROBERT L ZIMLICH 172899 0 0 0 10094 0 19389 0 31776 0 234158 0 0 0 GLENN KOSSE 176908 0 0 0 17256 0 20164 0 13026 0 227354 0 0 0 HUNT HELM 136123 0 0 0 16360 0 14513 0 8431 0 175427 0 0 0 SEAN RYAN 152106 0 0 0 7738 0 15230 0 12801 0 187875 0 0 0 DANIEL BAUER 154545 0 0 0 8369 0 16120 0 12843 0 191877 0 0 0 MICHAEL MATTEI 134449 0 0 0 23385 0 16535 0 12864 0 187233 0 0 0 ROBERT COOTER 134641 0 0 0 21157 0 15623 0 4670 0 176091 0 0 0 SCOTT DAVENPORT 122552 0 57100 0 22182 0 15295 0 9971 0 227100 0 0 0 SCOTT WIEGANDT 115244 0 15000 0 11121 0 12606 0 14213 0 168184 0 0 0 PART I, LINE 7 THE EXECUTIVE COMMITTEE REVIEWS THE PRESIDENT'S PERFORMANCE ON AN ANNUAL BASIS. THE EXECUTIVE COMMITTEE OF THE BOARD ESTABLISHES CRITERIA TO BE USED DURING THE NEXT FISCAL YEAR TO ESTABLISH THE GOALS THE PRESIDENT MUST MEET OR EXCEED IN ORDER TO QUALIFY FOR ANY BONUS. THE GOALS ARE ESTABLISHED BASED UPON THE VISION AND THE MISSION OF THE UNIVERSITY. A LOUJEFFCOMETRO GOVERNMENT 616001862 NONEAVAIL 2008-07-10 27230000 REFUNDING & CAP IMPROVE 0 0 0 B LOUJEFFCOMETRO GOVERNMENT 616001862 NONEAVAIL 2008-07-10 14060000 REFUNDING 0 0 0 C LOUJEFFCOMETRO GOVERNMENT 616001862 NONEAVAIL 2009-12-16 18500000 CAPITAL IMPROVEMENTS 0 0 0 D CITY OF SHIVELY KY COLLEGE IMPROVEMENT BONDS 616001912 NONEAVAIL 2011-04-20 7100000 CAPITAL IMPROVEMENTS 0 0 0 A 1015000 28104783 2661450 363752 45318 13726216 11305415 2632 2010 0 1 1 1 B 14060000 15791047 140951 130273 4157 15515666 2010 0 1 1 1 C 930000 18250355 1338035 251401 10875 16648927 1117 2011 0 0 1 1 D 249000 7100000 149050 6950950 2012 0 0 1 1 A 0 0 0 0 1 0 0 B 0 0 0 0 1 0 0 C 0 0 0 0 1 0 0 D 0 0 0 0 1 0 0 A 0 0 0 1 0 0 0 0 0 B 0 0 1 0 1 0 0 0 0 C 0 1 0 0 0 0 0 0 0 D 0 1 0 0 1 0 0 0 0 SCHEDULE K BONDS ALL BONDS ADDITIONAL INFORMATION TO SUPPORT BOND INFORMATION REPORTED ON SCHEDULE K BONDS A AND C - LOUISVILLE JEFFERSON COUNTY METRO GOVERNMENT: UNDER THE 2009 AND 2008 INDENTURES, A DEBT SERVICE RESERVE FUND HAS BEEN ESTABLISHED FOR THE BONDS AND IS REQUIRED TO BE MAINTAINED. AMOUNTS IN THE DEBT SERVICE RESERVE FUND MAY BE INVESTED BY THE UNIVERSITY ONLY IN INVESTMENT SECURITIES. THE MARKET VALUE OF THOSE SECURITIES AT MAY 31, 2013, WAS $1,338,115 AND $2,663,393 FOR THE SERIES 2009 AND 2008 BONDS RESPECTIVELY. BONDS A AND B - ADDITIONAL INFORMATION: IN JULY 2008, THE UNIVERSITY ISSUED $41,290,000 OF LOUISVILLE/JEFFERSON COUNTY METRO GOVERNMENT, COLLEGE REFUNDING AND IMPROVEMENT REVENUE BONDS, SERIES 2008 A & B (BELLARMINE UNIVERSITY PROJECTS) OF WHICH $23,884,969 WAS USED FOR THE PURPOSE OF DEFEASING THE COUNTY OF JEFFERSON, KENTUCKY, COLLEGE REVENUE BONDS, SERIES 2006, AND THE REMAINDER WAS USED TO PROVIDE FUNDS TO BUILD A 146 BED RESIDENCE HALL, TO BUILD AN ADDITION TO A CLASSROOM BUILDING, AND TO RENOVATE AN OFFICE BUILDING. BOND C - LOUISVILLE JEFFERSON COUNTY METRO GOVERNMENT: IN DECEMBER 2009, THE UNIVERSITY ISSUED $18,500,000 OF LOUISVILLE/JEFFERSON COUNTY METRO GOVERNMENT, COLLEGE IMPROVEMENT REVENUE BONDS, SERIES 2009 (BELLARMINE UNIVERSITY INCORPORATED PROJECT) OF WHICH THE MAJORITY WAS USED TO PROVIDE FUNDS TO BUILD A 119 BED RESIDENCE HALL, TO BUILD A SUBSTANTIAL ADDITION TO THE MAIN DINING HALL, RENOVATE AND EXPAND THE CAFE', AND ADD 276 SURFACE PARKING SPACES ON CAMPUS. THE TERM OF THE BOND ISSUE IS THIRTY YEARS. BOND D AND A (ENTITY 2) - CITY OF SHIVELY, KY AND CITY OF AUDUBON PARK, KY: IN APRIL 2011, THE UNIVERSITY ISSUED $7,100,000 OF CITY OF SHIVELY, KENTUCKY COLLEGE IMPROVEMENT REVENUE BONDS, SERIES 2011 (SHIVELY BONDS) AND IN MAY 2011, THE UNIVERSITY ISSUED $6,000,000 OF CITY OF AUDUBON PARK, KENTUCKY, COLLEGE IMPROVEMENT REVENUE BONDS, SERIES 2011 (AUDUBON PARK BONDS) TOGETHER REFERRED TO AS THE BELLARMINE UNIVERSITY INCORPORATED PROJECT OF WHICH THE MAJORITY WAS USED TO PROVIDE FUNDS TO BUILD A 129 BED RESIDENCE HALL, TO BUILD AN ARBORETA IN THE CENTER OF THE RESIDENCE HALL COMPLEX, AND TO MAKE SUBSTANTIAL REPAIRS TO THE SPORTS RECREATION AND FITNESS CENTER. IN APRIL 2011, THE UNIVERSITY ENTERED INTO A TEN YEAR SWAP AGREEMENT ON THE $7,100,000 OF SHIVELY BONDS FIXING THE INTEREST RATE ON THESE BONDS AT 4.34% AND ON THE $6,000,000 OF AUDUBON PARK BONDS TO BE EFFECTIVE MARCH 2012 FIXING THE INTEREST RATE ON THESE BONDS AT 4.74%. THE OUTSTANDING BALANCE OF THE BONDS PAYABLE AT MAY 31, 2013 WAS $6,851,000 AND $5,789,000, FOR SHIVELY BONDS AND AUDUBON PARK BONDS RESPECTIVELY. BOND B AND C (ENTITY 2), CITY OF SHIVELY, KY AND CITY OF AUDUBON PARK, KY: IN NOVEMBER 2012,THE UNIVERSITY ISSUED $5,160,000 OF CITY OF SHIVELY, KENTUCKY, COLLEGE REVENUE REFUNDING BONDS, SERIES 2012 (SHIVELY 2012 BONDS) AND $7,190,000 OF CITY OF AUDUBON PARK, KENTUCKY, COLLEGE REVENUE REFUNDING BONDS, SERIES 2012 (AUDUBON PARK 2012 BONDS) TOGETHER REFERRED TO AS THE BELLARMINE UNIVERSITY INCORPORATED PROJECT OF WHICH THE MAJORITY WAS USED TO REFUND LOUISVILLE/JEFFERSON COUNTY METRO GOVERNMENT, COLLEGE REFUNDING AND IMPROVEMENT REVENUE BOND SERIES 2008 B AND THE REMAINDER WAS USED TO COVER BOND ISSUANCE COSTS. THE BONDS ARE VARIABLE RATE, TAX EXEMPT, BANK QUALIFIED, WITH A TERM OF NINETEEN YEARS. THE BONDS BEAR INTEREST AT A RATE DETERMINED ON A BASIS EQUAL TO 65% OF THE ONE MONTH LIBOR RATE PLUS 2.50%, PLUS AN ADDITIONAL .25%. THE OUTSTANDING BALANCE OF THE BONDS PAYABLE AT MAY 31, 2013 WAS $4,968,320 AND $7,622,480 FOR SHIVELY 2012 BONDS AND AUDUBON PARK 2012 BONDS RESPECTIVELY. 990, SCHEDULE K, PART II, PROCEEDS SUPPLEMENTAL INFORMATION ON PROCEEDS LINE 3A: ISSUE PRICE (27,230,000) LESS NET OID (538,862) PLUS INVESTMENT EARNINGS (1,413,645) EQUALS TOTAL PROCEEDS OF ISSUE (28,104,783). LINE 3B: ISSUE PRICE (14,060,000) PLUS INVESTMENT EARNINGS (1,731,047) EQUALS TOTAL PROCEEDS OF ISSUE (15,791,047). LINE 3C: ISSUE PRICE (18,500,000) LESS NET OID (258,902) PLUS INVESTMENT EARNINGS (9,257) EQUALS TOTAL PROCEEDS OF ISSUE (18,250,355). LINE 3A LINE 3B LINE 3C 27,230,000 14,060,000 18,500,000 - 538,862 0 - 258,902 +1,413,645 +1,731,047 + 9,257 =28,104,783 =15,791,047 =18,250,355 SCHEDULE K, PART III, PRIVATE BUSINESS USE #9: WE ARE IN THE PROCESS OF DEVELOPING POLICIES AND PROCEDURES TO BE COMPLETED DURING THE NEXT REPORTING PERIOD. SCHEDULE K, PART IV, ARBITRAGE SUPPLEMENTAL INFORMATION ON ARBITRAGE LINE 2C, BOND COLUMN A: THE REBATE COMPUTATION WAS PERFORMED ON 8/8/2013 BY FROST BROWN TODD, PLLC ATTORNEYS AT LAW LINE 7: WE ARE IN THE PROCESS OF DEVELOPING POLICIES AND PROCEDURES TO BE COMPLETED DURING THE ENXT REPORTING PERIOD. SCHEDULE K, PART V, PROCEDURES: WE ARE IN THE PROCESS OF DEVELOPING POLICIES AND PROCEDURES TO BE COMPLETED DURING THE NEXT REPORTING PERIOD. A CITY OF AUDUBON PARK KY COLLEGE IMPROVEMENT BONDS 616001777 NONEAVAIL 2011-05-11 6000000 CAPITAL IMPROVEMENTS 0 0 0 B CITY OF SHIVELY KY COLLEGE REFUNDING BONDS 616001912 NONEAVAIL 2012-11-27 5161000 REFUNDING 0 0 0 C CITY OF AUDUBON PARK KY COLLEGE REFUNDING BONDS 616001777 NONEAVAIL 2012-11-08 7910000 REFUNDING 0 0 0 A 211000 6000000 71700 5928300 2012 0 0 1 1 B 191680 5160000 29252 14353 12828 5103567 0 1 1 1 C 287520 7910000 23567 7886433 0 1 1 1 A 0 0 0 0 1 0 0 B 0 0 0 0 1 0 0 C 0 0 0 0 1 0 0 A 0 1 0 0 1 0 0 0 0 B 0 1 0 0 1 0 0 0 0 C 0 1 0 0 1 0 0 0 0 NICK CAROSI CURRENT UNIVERSITY TRUSTEE 171400 LEASEHOLD IMPROVEMENTS: GIFTED $171,400 TOWARD COST OF ARCHWAY BUILT AT THE ENTRANCE TO THE UNIVERSITY. MR. CAROSI'S EMPLOYER (ARBAN & CAROSI INC) HAS THE AGREEMENT TO FABRICATE THE ARCHWAY. 0 0 C EDWARD GLASSCOCK CURRENT UNIVERSITY TRUSTEE 84131 LEGAL SERVICES: C. EDWARD GLASSCOCK IS CHAIRMAN EMERITUS AND A MEMBER OF FROST BROWN TODD ATTORNEYS. FROST BROWN TODD IS PAID FOR PERFORMING LEGAL SERVICES FOR BELLARMINE UNIVERSITY. FROST BROWN TODD IS NOT THE ONLY LAW FIRM UTILIZED BY THE UNIVERSITY. MR. GLASSCOCK WAS NOT THE ATTORNEY WHO PERFORMED THE SERVICES FOR WHICH FROST BROWN TODD WAS PAID DURING THE FISCAL YEAR. THE LAW FIRM WAS PAID $84,131 FOR THE PERIOD COVERED BY THIS RETURN. 0 X 2 24914 MARKET VALUE X PRINTING SERVICES 2 7951 MARKET VALUE X CAMERAS 2 10791 MARKET VALUE X LEASEHOLD IMPROVEMENTS 1 171400 MARKET VALUE X MISCELLANEOUS 8 9839 MARKET VALUE 2 0 1 0 THIRD PARTY USE: PART I, LINE 32B: THE UNIVERSITY HAS A WRITTEN GIFT ACCEPTANCE POLICY FOR THE REVIEW OF ANY NON-STANDARD CONTRIBUTIONS. THE POLICY REQUIRES THAT PRIOR TO ACCEPTING NON-STANDARD GIFTS THAT THE DEVELOPMENT OFFICERS REVIEW THE NEED OF THE UNIVERSITY FOR SUCH GIFT AND DISCUSS THE GIFT WITH THE AREA VICE-PRESIDENT OR DEAN OF THE DEPARTMENT TO DETERMINE THAT THE GIFT FALLS WITHIN THE UNIVERSITY'S MISSION AND VISION. FINAL APPROVAL OF THE GIFT IS MADE BY THE VICE-PRESIDENT FOR ADMINISTRATION AND FINANCE OR VICE-PRESIDENT FOR DEVELOPMENT AND ALUMNI RELATIONS. FORM 990, PART VI, SECTION A, LINE 2 STEVE TRAGER, CURRENT TRUSTEE, IS THE CEO OF REPUBLIC BANK & TRUST CO.; AND W. PATRICK MULLOY, II, CURRENT TRUSTEE, IS A DIRECTOR AT REPUBLIC BANK & TRUST CO. FROST, BROWN TODD LLC PROVIDES LEGAL SERVICES EXCEEDING $10,000 FOR REPUBLIC BANK. ED GLASSCOCK, CURRENT TRUSTEE, IS THE CHAIRMAN-EMERITUS AND A MEMBER OF FROST, BROWN TODD LLC. DR. MCGOWAN, PRESIDENT AND CEO OF BELLARMINE UNIVERSITY, WAS ELECTED TO THE BOARD OF TRUSTEES FOR NORTON HEALTHCARE IN APRIL 2011 TO SERVE A 3 YEAR TERM. MR. RUSS COX, CURRENT TRUSTEE, IS THE EXECUTIVE VICE-PRESIDENT AND COO OF NORTON HEALTHCARE. MR. MIKE MCCALLISTER, CURRENT TRUSTEE, IS THE CHAIRMAN OF THE BOARD FOR HUMANA HEALTHCARE INC. THE UNIVERSITY, THROUGH A COMPETITIVE BID PROCESS, OFFERS HUMANA HEALTH INSURANCE TO ITS EMPLOYEES. FORM 990, PART VI, SECTION B, LINE 11 THE 990 IS PREPARED BY INTERNAL STAFF AND REVIEWED IN DETAIL BY THE ASSISTANT VICE-PRESIDENT FOR ADMINISTRATION AND FINANCE. THE AVP IS AN ATTORNEY AND CPA WITH 19 YEARS OF TAX EXPERIENCE. THE REVIEW IS COMPLETED IN SEVERAL STAGES IN ORDER TO PROCESS ALL THE INFORMATION THOROUGHLY. CONTINUING EDUCATION ON TAX REQUIREMENTS IS PROVIDED TO THOSE INVOLVED WITH THE PREPARATION AND REVIEW OF THE 990. THE RETURN IS GIVEN TO THE AUDIT COMMITTEE. THE AUDIT COMMITTEE REVIEWS AND DISCUSSES THE RETURN. THE AUDIT COMMITTEE REPORTS INFORMATION REGARDING THE 990 TO THE FULL BOARD PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION SENDS ITS CONFLICT OF INTEREST POLICY TO ALL BOARD MEMBERS ANNUALLY. THE VP FOR ADMINISTRATION AND FINANCE MONITORS THAT ALL MEMBERS RETURN A SIGNED COPY INDICATING THEY HAVE REVIEWED THE POLICY AND LISTED ANY POTENTIAL CONFLICTS. ADDITIONALLY, ALL EMPLOYEES RECEIVE A UNIVERSITY HANDBOOK AND SIGN ACKNOWLEDGMENT INDICATING SUCH RECEIPT. THE CONFLICT OF INTEREST POLICY IS LOCATED WITHIN THE STAFF HANDBOOK. LASTLY, THE ORGANIZATION MAINTAINS A TELEPHONE LINE IN WHICH EMPLOYEES CAN CONFIDENTIALLY REPORT ANYTHING THAT THEY DEEM AS INAPPROPRIATE WITHIN THE ORGANIZATION; INCLUDING BUT NOT LIMITED TO FRAUD, HARASSEMENT, DISCRIMINATION, CONFLICT OF INTEREST OR MISAPPROPRIATION OF UNIVERSITY FUNDS OR ASSETS. THE CONFIDENTIAL LINE IS (502)272-7535. FORM 990, PART VI, SECTION B, LINE 15 THE PRESIDENTIAL CONTRACT AND COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES REVIEWS THE PRESIDENT'S SALARY ON A YEARLY BASIS; INCLUDING BASE COMPENSATION, BONUS AND FRINGE BENEFITS. THE PRESIDENTIAL CONTRACT AND COMPENSATION COMMITTEE EVALUATES THE COMPENSATION OF THE PRESIDENT BASED ON ESTABLISHED GOALS AND DISCUSSES AND APPROVES THE NEW SALARY ON AN ANNUAL BASIS. THE UNIVERSITY AND THE PRESIDENT ARE BOUND BY A CONTRACT. THE CONTRACT IS NEGOTITATED AND REVIEWED BY THE PRESIDENTIAL CONTRACT AND COMPENSATION COMMITTEE OF THE BOARD. AS PART OF THE EVALUATION PROCESS USED BY THE PRESIDENTIAL CONTRACT AND COMPENSATION COMMITTEE OF THE BOARD, MARKET DATA, SALARY SURVEYS OF SIMILAR INSTITUTIONS AND OTHER RELEVANT INFORMATION ARE REVIEWED IN CONJUNCTION WITH THE PRESIDENT'S REPORT ON ACCOMPLISHMENTS AND PROPOSED GOALS. ALL EMPLOYEES, OTHER THAN THE PRESIDENT, ARE EVALUATED BY THEIR IMMEDIATE SUPERVISOR ON AN ANNUAL BASIS. THE VICE-PRESIDENTS OF THE UNIVERSITY ARE EVALUATED BY THE PRESIDENT. FORM 990, PART VI, SECTION C, LINE 18 THE UNIVERSITY MAKES AVAILABLE ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS TO THE GENERAL PUBLIC UPON REQUEST DURING THE REGULAR BUSINESS HOURS OF THE UNIVERSITY. THE FORM 990 IS AVAILABLE ON GUIDESTAR FOR PUBLIC INSPECTION. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES AVAILABLE ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS TO THE GENERAL PUBLIC UPON REQUEST DURING THE REGULAR BUSINESS HOURS OF THE UNIVERSITY. THE FORM 990 IS AVAILABLE ON GUIDESTAR FOR PUBLIC INSPECTION. FINANCIAL STATEMENT OVERSIGHT: PART XII, LINE 2C THE RESPONSIBILITY FOR THE OVERSIGHT OF THE AUDIT AND THE SELECTION OF THE INDEPENDENT CERTIFIED PUBLIC ACCOUNTANT HAS NOT CHANGED SINCE THE LAST FISCAL YEAR. CHARITABLE REMAINDER UNITRUST KY 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0