2014-05-09T08:41:50-05:00 2013-06-30 232932984 PARENTEBEARD LLC 46 PUBLIC SQUARE SUITE 400 WILKESBARRE PA 18701 990 2012-07-01 240795453 MARYWOOD UNIVERSITY MARY 5703486222 2300 ADAMS AVENUE SCRANTON PA 185091598 JOSEPH GARVEY JR CPA 5703486222 2014-05-06 1 JULIUS GREEN CPA P00350393 5708200100 2014-05-06 2012 2015-11-30 17:44:51Z JOSEPH GARVEY JR CPA 2300 ADAMS AVENUE SCRANTON PA 185091598 106727938 0 X WWW.MARYWOOD.EDU X 1915 PA TO PROVIDE AN EDUCATION IN THE IMMACULATE HEART OF MARY TRADITION OF ACADEMIC EXCELLENCE. 32 32 139 0 347998 -144961 8635667 8701956 87741048 90077237 1091809 815118 6472984 6088300 103941508 105682611 31382889 32851492 0 0 41629932 42326655 86652 85000 1403103 26323016 26790531 99422489 102053678 4519019 3628933 183677851 195146015 69122577 72589213 114555274 122556802 X A CATHOLIC UNIVERSITY SPONSORED BY THE CONGREGATION OF THE SISTERS, SERVANTS OF THE IMMACULATE HEART OF MARY, MARYWOOD UNIVERSITY ROOTS ITSELF IN THE PRINCIPLE OF JUSTICE AND A BELIEF THAT EDUCATION EMPOWERS PEOPLE. ENACTING ITS IDEALS, MARYWOOD OFFERS STUDENTS A WELCOMING AND SUPPORTIVE COMMUNITY THAT ENCOURAGES MEN AND WOMEN OF ALL BACKGROUNDS TO SHAPE THEIR LIVES AS LEADERS IN SERVICE TO OTHERS. PROUD OF ITS LIBERAL ARTS TRADITION AND HOST OF PROFESSIONAL DISCIPLINES, MARYWOOD CHALLENGES STUDENTS TO BROADEN THEIR UNDERSTANDING OF GLOBAL ISSUES AND TO MAKE DECISIONS BASED ON SPIRITUAL, ETHICAL, AND RELIGIOUS VALUES. MARYWOOD CALLS UPON STUDENTS TO SEEK THEIR FULL POTENTIAL AND INVITES ALL TO ENGAGE IN A LIFELONG PROCESS OF LEARNING. WITNESSING THE EFFICACY OF TEACHING AND SCHOLARSHIP, MARYWOOD EDUCATES STUDENTS TO LIVE RESPONSIBLY IN A DIVERSE AND INTERDEPENDENT WORLD. 0 0 71284970 32851492 57610648 INSTRUCTION AND SCHOLARSHIPS - MARYWOOD PROVIDED UNDERGRADUATE AND GRADUATE INSTRUCTION TO 2,537 FULL-TIME AND 638 PART-TIME STUDENTS. CONSIDERED A "LIBERAL ARTS" UNIVERSITY, MARYWOOD HAS FOUR DEGREE-GRANTING COLLEGES, AND OFFERS UNDERGRADUATE DEGREES IN OVER SIXTY ACADEMIC PROGRAMS WHICH INCLUDE ARTS, SCIENCES, FINE ARTS, MUSIC, SOCIAL WORK, ARCHITECTURE, AND NURSING. MARYWOOD IS FULLY ACCREDITED BY THE MIDDLE STATES COMMISSION ON HIGHER EDUCATION. GRADUATE PROGRAMS INCLUDE ARCHITECTURE, PHYSICIAN ASSISTANT, SOCIAL WORK, BUSINESS, EDUCATION, AND PSYCHOLOGY. 6715255 10113513 RESEARCH AND ACADEMIC SUPPORT - MARYWOOD PROVIDED SERVICES TO SUPPORT THE INSTRUCTIONAL AREAS NOTED ABOVE. THIS INCLUDES LIBRARY, MEDIA, COMPUTER SERVICES, ATHLETICS, HEALTH SERVICES, TECHNOLOGY, AND ART & GALLERIES. FACULTY AND STAFF ARE ENCOURAGED TO SECURE FUNDING FOR VARIOUS RESEARCH PROJECTS FROM FEDERAL, STATE, AND LOCAL AS WELL AS PRIVATE FUNDING AGENCIES. 10500351 14023214 AUXILIARY SERVICES - MARYWOOD PROVIDED DORMITORY SERVICES TO 926 RESIDENT STUDENTS AND FOOD SERVICES TO RESIDENT STUDENTS, COMMUTER STUDENTS, AND CAMPUS STAFF. MARYWOOD OFFERED NINE ON-CAMPUS HOUSING OPTIONS AND FIVE DINING VENUES. THE UNIVERSITY ALSO OPERATED A DAY CARE CENTER WHICH IS AVAILABLE TO FACULTY, STAFF, AND THE GENERAL PUBLIC. 88500576 1 1 0 1 0 0 0 1 0 1 1 0 0 0 1 1 1 0 1 0 1 0 0 1 0 0 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 1 4497 0 1 139 1 1 1 0 0 0 0 0 0 0 X 32 32 0 1 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 PA X X PATRICK E CASTELLANI ASSISTANT TREASURER & CONTROLLER 5703486283 2300 ADAMS AVENUE LIBERAL ARTS SCRANTON PA 185091598 ANN BOLAND-CHASE 35.00 X 114476 0 18573 JOSEPH X GARVEY JR 35.00 X 158406 0 27386 DR RAYMOND HEATH 35.00 X 151159 0 17083 DR ALAN LEVINE 35.00 X 159633 0 29875 MARY THERESA PATERSON 35.00 X 81573 0 22000 DR CLAYTON N PHEASANT 35.00 X 156443 0 28068 SISTER ANNE MUNLEY IHM 35.00 X X 0 0 1341 MARY ANN CONABOY ABRAHAMSEN 1.00 X 0 0 0 SISTER JEAN LOUISE BACHETTIIHM 1.00 X 0 0 0 RICHARD BEASLEY 1.00 X 0 0 0 LORRAINE BREEN 1.00 X 0 0 0 PATRICK BRIER 1.00 X 0 0 0 MICHAEL E BUGNO 1.00 X 0 0 0 PETER J DANCHAK 1.00 X 0 0 0 LEE A DEHIHNS III 1.00 X 0 0 0 SISTER SUZANNE DELANEY IHM 1.00 X 0 0 0 ATTORNEY TRACY DISKIN DOHERTY 1.00 X 0 0 0 FRANK A EPIFANO 1.00 X 0 0 0 PATRICK J FRICCHIONE MD 1.00 X 0 0 0 JAMES G GAVIN 1.00 X 0 0 0 SISTER NANCY HAWKINS IHM 1.00 X 0 0 0 ANN R HENRY PHD 1.00 X 0 0 0 MICHAEL INSALACO 1.00 X 0 0 0 WILLIAM R LYNETT 1.00 X 0 0 0 DOROTHY L MAGNOTTA 1.00 X 0 0 0 MARY ELLEN MCDONOUGH 1.00 X 0 0 0 SISTER MARY ELLEN MERRICK IHM 1.00 X 0 0 0 MARION MUNLEY 1.00 X 0 0 0 MARY C MURRAY 1.00 X 0 0 0 SISTER THERESE O'ROURKE IHM 1.00 X 0 0 0 CATHERINE G QUINNAN 1.00 X 0 0 0 MARY KAY ROTERT 1.00 X 0 0 0 ANTONIA M SCHIERLING 1.00 X 0 0 0 PAULA SHIELDS 1.00 X 0 0 0 VIRGINIA P SHIELDS 1.00 X 0 0 0 JOHN P SWEENEY SR 1.00 X 0 0 0 JOHN T TIGHE III 1.00 X 0 0 0 MONSIGNOR DAVID L TRESSLER 1.00 X 0 0 0 DR MARK RODGERS 35.00 X 134132 0 22852 GREGORY KEANE HUNT 35.00 X 131564 0 19514 COLLIER PARKER 35.00 X 124004 0 26328 DR LLOYD LYTER 35.00 X 125651 0 19465 DR MARYANNE FEDRICK 35.00 X 125416 0 18873 DR MICHAEL ALAN FOLEY 35.00 X 109649 0 16907 1572106 0 268265 23 1 1 0 CHARTWELLS COMPASS GROUP USA PO BOX 427632 BOSTON MA 02241 DINING SERVICES 6882723 HEMMLER CAMAYD PC 409 LACKAWANNA AVE SUITE 400 4TH SCRANTON PA 18503 ARCHITECTS 1443095 G WEINBERGER COMPANY 231 OAK ST OLD FORGE PA 18518 MECHANICAL/PLUMBING 961298 NORTH POCONO GLASS 108 MAPLE STREET MOSCOW PA 18444 GLASS/AUTOMATIC DOOR 633184 O&M MULTI-TRADE INC MV INDUSTRIAL PARK 1205 MID VALLEY JESSUP PA 18434 MECHANICAL/PLUMBING 606787 27 1695000 7006956 765702 8701956 TUITION & FEES 611600 81292874 81292874 SALES & SVCS-AUX ENTER 721310 8329862 347998 7981864 SALES & SVCS-EDUCATIONAL 611710 294240 294240 EDUCATION RELATED SVCS 611710 160261 160261 90077237 416583 416583 956654 297590 670821 184888 285833 112702 398535 398535 5693352 189618 5503734 5503734 PARKING & TRAFFIC FINES 900099 250938 250938 DEPOSITS, ADJUSTMENTS, ETC. 900099 145081 145081 BAD DEBT RECOVERIES 900099 80065 80065 108482 108482 584566 105682611 81747375 347998 14885282 32851492 32851492 821691 821691 31432596 25090687 5483819 858090 2419260 1867564 468572 83124 5482060 3100218 2279195 102647 2171048 1750750 361927 58371 176862 52826 124036 90975 90975 74100 74100 85000 85000 27006 27006 3503601 2661258 835726 6617 329113 251182 73095 4836 3392330 2427235 899990 65105 269341 140953 122328 6060 2774232 2750394 19468 4370 1199854 1052574 100936 46344 2150024 2150024 5554065 4787295 766770 332879 257088 75791 FOOD SERVICE 5342622 5342622 ENTERTAINMENT 620439 418564 129554 72321 STIPENDS 328979 328979 EDUCATION AND ACTIVITIE 182837 169980 12857 441272 227200 203854 10218 102053678 88500576 12149999 1403103 13685 12600 4401543 7583246 7943738 8058428 3460668 4052730 20389 11473 518997 625024 200468606 69603200 126133739 130865406 37050911 39946736 952698 997193 3181483 2993179 183677851 195146015 9181439 8830279 3183582 5952996 42340601 41783060 10951119 12883103 3465836 3139775 69122577 72589213 X 89552134 93529462 5576913 8436654 19426227 20590686 114555274 122556802 183677851 195146015 X 3628933 4220159 152436 X 0 1 X 0 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 1 74100 0 0 74100 0 EXPLANATION OF LOBBYING ACTIVITIES: PART II-B, LINE 1: THE UNIVERSITY PAID ARENT FOX, LLC, AND PROVIDENCE CONSULTING FOR SERVICES INCLUDING CONTACTING PENNSYLVANIA CONGRESSIONAL DELEGATION, ALONG WITH MEMBERS OF THE SENATE AND HOUSE APPROPRIATIONS COMMITTEE(S) IN SUPPORT OF MARYWOOD UNIVERSITY'S REQUESTS FOR FEDERAL FUNDING THROUGH APPROPRIATIONS LEGISLATION AND COMPETITIVE GRANTS OFFERED BY USDA, HHS, EPA, AND USDE. IN CONJUNCTION WITH THESE SERVICES, MARYWOOD UNIVERSITY SUBMITTED APPROPRIATION REQUESTS TO CONGRESS AND COMPETITIVE GRANT APPLICATIONS TO THESE AGENCIES. X X X X 0 35698557 842008 2433278 883000 43875 38046968 35506913 473367 618687 855000 45410 35698557 28258110 1328503 6762454 804000 38154 35506913 23948313 1106115 4063280 844000 15599 28258109 28287988 3526665 -6352063 1363000 151277 23948313 0.60000 0.40000 0.00000 1 0 1528416 1528416 181870166 69603200 112266966 274924 274924 16795100 16795100 130865406 STUDENT DEPOSITS 887895 REFUNDABLE ADVANCES FOR FEDERAL STUDENT LOANS 1553627 ASSET RETIREMENT OBLIGATION 300098 INTEREST RATE SWAP 398155 3139775 X 78160036 4220159 167751 -32100103 -27712193 105872229 -189618 -189618 105682611 70158508 167751 256515 424266 69734242 32319436 32319436 102053678 PART III, LINE 4: MARYWOOD UNIVERSITY ART GALLERIES STRIVE TO PRESENT EXHIBITIONS AND PROGRAMS THAT PROVIDE OPPORTUNITIES FOR LIFE LONG LEARNING AND CONTRIBUTE TO THE VISUAL LITERACY OF BOTH THE INSTITUTION AND GREATER COMMUNITY. THE ART GALLERIES ARE COMMITTED TO COMPLEMENTING AND BROADENING THE AVAILABILITY OF CONTEMPORARY AND HISTORICAL VISUAL ARTS FOR THE ACADEMIC COMMUNITY WITH OUTREACH AND COLLABORATIVE PROGRAMMING. ALL EXHIBITIONS, RECEPTIONS, AND ACCOMPANYING EVENTS ARE FREE OF CHARGE AND OPEN TO THE MARYWOOD COMMUNITY AND THE GENERAL PUBLIC. CURRENT, FUTURE, AND PAST EXHIBITIONS, AS WELL AS OVER 50 OBJECTS FROM THE PERMANENT COLLECTION, CAN BE VIEWED ON THE ART GALLERIES' WEB PAGE AT WWW.MARYWOOD.EDU/GALLERIES. THE SURACI GALLERY MAINTAINS MARYWOOD'S PERMANENT COLLECTION OF FINE AND DECORATIVE ARTS. THE ASIAN COLLECTION CONSISTS OF PAINTINGS, FURNITURE, IVORIES, TAPESTRIES, AND CERAMICS. BRONZE AND MARBLE SCULPTURES, FURNITURE, AND PAINTINGS COMPRISE THE 19TH CENTURY COLLECTION. IN ADDITION, EUROPEAN CERAMICS, GLASS, AND OTHER DECORATIVE ARTS ARE DISPLAYED. FEATURE EXHIBITIONS THAT SHOWCASE REGIONAL, NATIONAL, AND INTERNATIONAL ARTISTS, AS WELL AS RECENT WORK BY ART FACULTY ARE HIGHLIGHTED DURING THE YEAR IN A RECENTLY RENOVATED EXHIBITION SPACE. DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: THE INTENDED USE OF THE ENDOWMENT FUNDS ARE TO GIVE FINANCIAL AID TO STUDENTS OR PROGRAMS THAT FIT THE CRITERIA DESIGNATED BY THE DONOR IN THE SCHOLARSHIP AGREEMENT. THE MAJORITY OF THE ENDOWMENT FUNDS ARE DESIGNATED FOR STUDENT AWARDS, BUT THERE ARE A FEW IN PLACE WITH THE INTENT TO HELP SUPPORT A PARTICULAR PROGRAM. THE UNIVERSITY'S ENDOWMENT CONSISTS OF APPROXIMATELY 100 INDIVIDUAL FUNDS ESTABLISHED FOR A VARIETY OF PURPOSES. ITS ENDOWMENT INCLUDES BOTH DONOR-RESTRICTED ENDOWMENT FUNDS AND FUNDS DESIGNATED BY THE BOARD OF TRUSTEES TO FUNCTION AS ENDOWMENTS. AS REQUIRED BY ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA, NET ASSETS ASSOCIATED WITH ENDOWMENT FUNDS, INCLUDING FUNDS DESIGNATED BY THE BOARD OF TRUSTEES TO FUNCTION AS ENDOWMENTS, ARE CLASSIFIED AND REPORTED BASED ON THE EXISTENCE OR ABSENCE OF DONOR-IMPOSED RESTRICTIONS. THE BOARD OF TRUSTEES OF THE UNIVERSITY HAS INTERPRETED PENNSYLVANIA LAW AS REQUIRING THE PRESERVATION OF THE FAIR VALUE OF THE ORIGINAL GIFT AS OF THE GIFT DATE OF THE DONOR-RESTRICTED ENDOWMENT FUNDS ABSENT EXPLICIT DONOR STIPULATIONS TO THE CONTRARY. AS A RESULT OF THIS INTERPRETATION, THE UNIVERSITY CLASSIFIES AS PERMANENTLY RESTRICTED NET ASSETS (A) THE ORIGINAL VALUE OF GIFTS DONATED TO THE PERMANENT ENDOWMENT, (B) THE ORIGINAL VALUE OF SUBSEQUENT GIFTS TO THE PERMANENT ENDOWMENT, AND (C) ACCUMULATIONS TO THE PERMANENT ENDOWMENT MADE IN ACCORDANCE WITH THE DIRECTION OF THE APPLICABLE DONOR GIFT INSTRUMENT AT THE TIME THE ACCUMULATION IS ADDED TO THE FUND. THE REMAINING PORTION OF THE DONOR-RESTRICTED ENDOWMENT FUND THAT IS NOT CLASSIFIED IN PERMANENTLY RESTRICTED NET ASSETS IS CLASSIFIED AS EITHER TEMPORARILY RESTRICTED OR UNRESTRICTED NET ASSETS BASED ON THE EXISTENCE OF DONOR RESTRICTIONS OR BY LAW. THE UNIVERSITY CONSIDERS THE FOLLOWING FACTORS IN MAKING A DETERMINATION TO APPROPRIATE OR ACCUMULATE DONOR-RESTRICTED ENDOWMENT FUNDS: 1. THE DURATION AND PRESERVATION OF THE FUND 2. THE PURPOSES OF THE UNIVERSITY AND THE DONOR-RESTRICTED ENDOWMENT FUND 3. GENERAL ECONOMIC CONDITIONS 4. THE POSSIBLE EFFECT OF INFLATION AND DEFLATION 5. THE EXPECTED TOTAL RETURN FROM INCOME AND THE APPRECIATION OF INVESTMENTS 6. OTHER RESOURCES OF THE UNIVERSITY 7. THE INVESTMENT POLICIES OF THE UNIVERSITY THE UNIVERSITY 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. ENDOWMENT ASSETS INCLUDE THOSE ASSETS OF DONOR-RESTRICTED FUNDS THAT THE UNIVERSITY MUST HOLD IN PERPETUITY OR FOR A DONOR-SPECIFIED PERIOD(S) AS WELL AS BOARD-DESIGNATED FUNDS. UNDER THIS POLICY, AS APPROVED BY THE BOARD OF TRUSTEES, THE ENDOWMENT ASSETS ARE INVESTED IN A MANNER THAT IS INTENDED TO PRODUCE RESULTS THAT EXCEED THE PRICE AND YIELD RESULTS OF THE S&P 500 INDEX WHILE ASSUMING A MODERATE LEVEL OF INVESTMENT RISK. THE UNIVERSITY EXPECTS ITS ENDOWMENT FUNDS, OVER TIME, TO PROVIDE AN AVERAGE RATE OF RETURN OF APPROXIMATELY 9 PERCENT ANNUALLY. ACTUAL RETURNS IN ANY GIVEN YEAR MAY VARY FROM THIS AMOUNT. TO SATISFY ITS LONG-TERM RATE-OF-RETURN OBJECTIVES, THE UNIVERSITY RELIES ON A TOTAL RETURN STRATEGY IN WHICH INVESTMENT RETURNS ARE ACHIEVED THROUGH BOTH CAPITAL APPRECIATION (REALIZED AND UNREALIZED) AND CURRENT YIELD (INTEREST AND DIVIDENDS). THE UNIVERSITY TARGETS A DIVERSIFIED ASSET ALLOCATION THAT PLACES A GREATER EMPHASIS ON EQUITY-BASED INVESTMENTS TO ACHIEVE ITS LONG-TERM RETURN OBJECTIVES WITHIN PRUDENT RISK CONSTRAINTS. THE UNIVERSITY HAS A POLICY OF APPROPRIATING FOR DISTRIBUTION EACH YEAR 3.5 TO 5 PERCENT OF ITS ENDOWMENT FUNDS' AVERAGE FAIR VALUE OVER THE PRIOR 12 QUARTERS THROUGH THE CALENDAR YEAR-END PROCEEDING THE FISCAL YEAR IN WHICH THE DISTRIBUTION IS PLANNED. IN ESTABLISHING THIS POLICY, THE UNIVERSITY CONSIDERED THE LONG-TERM EXPECTED RETURN ON ITS ENDOWMENT. ACCORDINGLY, OVER THE LONG TERM, THE UNIVERSITY EXPECTS THE CURRENT SPENDING POLICY TO ALLOW ITS ENDOWMENT TO GROW AT AN AVERAGE OF 4 PERCENT ANNUALLY. THIS IS CONSISTENT WITH THE UNIVERSITY'S OBJECTIVE TO MAINTAIN THE PURCHASING POWER OF THE ENDOWMENT ASSETS HELD IN PERPETUITY OR FOR A SPECIFIED TERM AS WELL AS TO PROVIDE ADDITIONAL REAL GROWTH THROUGH NEW GIFTS AND INVESTMENT RETURN. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X, LINE 2: THE UNIVERSITY IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. INCOME DETERMINED TO BE UNRELATED BUSINESS INCOME IS TAXABLE. THE UNIVERSITY BELIEVES SUBSTANTIALLY ALL OF ITS INCOME IS RELATED INCOME AND ACCORDINGLY, NO PROVISION FOR INCOME TAXES IS INCLUDED IN THE ACCOMPANYING FINANCIAL STATEMENTS. THE UNIVERSITY'S POLICY IS TO RECOGNIZE INTEREST RELATED TO UNRECOGNIZED TAX BENEFITS IN INTEREST EXPENSE AND PENALTIES IN OPERATING EXPENSES. THE UNIVERSITY'S FORM 990, RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX FOR THE YEARS ENDED JUNE 30, 2009 THROUGH JUNE 30, 2012 REMAIN SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE. PART XI, LINE 2D - OTHER ADJUSTMENTS: SCHOLARSHIPS -32,851,492. UNREALIZED GAIN ON INTEREST RATE SWAP 219,333. SCHOLARSHIP ADJUSTMENT FROM EXPENSES 532,056. PART XI, LINE 4B - OTHER ADJUSTMENTS: COST OF GOODS SOLD -189,618. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 189,618. CHANGE IN SPLIT INTEREST AGREEMENTS 66,897. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS 32,851,492. SCHOLARSHIP ADJUSTMENT FROM EXPENSES -532,056. 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 CLEARLY STATED ON MOST ADMISSIONS ADVERTISEMENTS AND PUBLICATIONS. ALSO DISCLOSED ON THE SUPPLEMENTAL MATERIAL CREATED BY THE MARKETING AND COMMUNCATIONS OFFICE EXPLANATION OF GOVERNMENT FINANCIAL ASSISTANCE SCHEDULE E, PART I, LINE 6 THE UNIVERSITY AWARDS GRANTS-IN-AID AND SCHOLARSHIPS TO INDIVIDUALS WHO MEET THE UNIVERSITY'S ACADEMIC STANDARDS. THE AMOUNTS OF SUCH AWARDS ARE BASED UPON THE FINANCIAL NEEDS OF EACH APPLICANT. ADDITIONAL FINANCIAL AID IS PROVIDED TO STUDENTS FROM FEDERAL AND STATE PROGRAMS IN WHICH THE UNIVERSITY PARTICIPATES AND FROM MONIES CONTRIBUTED TO THE UNIVERSITY BY ALUMNI AND FRIENDS OF THE UNIVERSITY. CERTAIN STUDENTS OF THE UNIVERSITY WERE RECIPIENTS OF GRANTS UNDER THE PENNSYLVANIA HIGHER EDUCATION ASSISTANCE ACT ("PHEAA") AND THE PELL GRANTS PROGRAMS. THE GRANTS ARE SIMILAR TO AGENCY FUNDS BECAUSE THE UNIVERSITY ACTED ONLY AS CUSTODIAN AND DISBURSING AGENT FOR THESE FUNDS. HAD THESE AMOUNTS BEEN INCLUDED, REVENUES AND EXPENSES WOULD HAVE INCREASED BY $2,964,062 IN 2013 AND $2,913,418 IN 2012 FOR PHEAA AND $3,053,903 IN 2013 AND $3,230,090 IN 2012 FOR PELL. AFRICAN COUNTRIES: KENYA, TANZANIA, UGANDA, NIGERIA, ZAMBIA, AND GHANA 0 14 PROGRAM SERVICES DURING THE THREE-YEAR PHASE OF THE SISTERS LEADERSHIP DEVELOPMENT INITIATIVE ("SLDI") 843424 0 14 0 0 0 14 843424 0 843424 0 0 0 0 0 0 PROCEDURE FOR MONITORING GRANTS OUTSIDE THE U.S.: SCHEDULE F, PART I, LINE 2: THE PHASE II YEAR 3 PROGRAM EVALUATION IS AN OBJECTIVES-BASED ASSESSMENT USING CRITERIA OUTLINED IN THE PROJECT PROPOSAL TO THE CONRAD N. HILTON FOUNDATION. IT TARGETS: 1. PROJECT OUTPUTS, 2. PARTICIPANT SKILLS AND KNOWLEDGE, 3. PROJECT MANAGEMENT, AND 4. PROJECT OUTCOMES. 1. PROJECT OUTPUTS AND PARTICIPANT DEMOGRAPHICS WERE BASED ON DATA COLLECTED DURING THE SESSIONS AND RECORDED BY THE PARTICIPANT OR COORDINATOR. 2. PARTICIPANT SKILLS AND KNOWLEDGE WERE ASSESSED PRE AND POST TRAINING. THESE MEASURES WERE SELF-REPORT MEASURES, AND THE LIKERT SCALES WERE CONSTRUCTED TO ALIGN WITH THE EXPECTED COMPETENCIES INTEGRATED INTO THE TECHNOLOGY AND WEB-DESIGN CURRICULUM. 3. PROJECT MANAGEMENT WAS ASSESSED USING DATA INCLUDING: (A) LEARNING ENVIRONMENT ASSESSMENT BY PARTICIPANTS AFTER EACH SESSIONS, AND (B) TRAINER EVALUATIONS AFTER EACH SESSION. 4. THE FINAL OUTCOME OF THE PROJECT WILL BE BASED ON THE YEARLY DATA COLLECTED AND THE FOLLOWING FINAL PROJECT EVALUATION BY PARTICIPANTS FINAL PROJECT EVALUATION BY TRAINERS FINAL PROJECT EVALUATION BY AFRICAN COORDINATORS PARTICIPANT COMPETENCY EVALUATION (POST PROJECT) X X X X 1 RUFFALO CODY 65 KIRKWOOD NORTH ROAD SW CEDAR RAPIDS IA 52406 PHONATHON AGENT 0 157157 85000 72157 157157 85000 72157 PA EXPLANATION OF FUNDRAISING PAYMENTS SCHEDULE G, PART I, LINE 2B, COLUMN (V) THE UNIVERSITY PAID RUFFALO CODY TO ACT AS OUR ANNUAL FUND PHONATHON AGENTS DURING FY 2012-2013. AS SUCH, RUFFALO CODY CONTACTED ALUMNI, PARENTS, AND FRIENDS OF THE UNIVERSITY SOLICITING PLEDGES OF FINANCIAL SUPPORT OF OUR INSTITUTIONAL MISSION. IN PARTICULAR, THEY SOUGHT GIFTS IN SUPPORT OF THE MARYWOOD SCHOLARSHIP FUND TO PROVIDE RESOURCES TO UNDERWRITE FINANCIAL AID AND SCHOLARSHIP AWARDS MADE BY THE UNIVERSITY TO DESERVING STUDENTS. IN THE COURSE OF THEIR WORK, RUFFALO CODY ADVISED THESE SUPPORTERS OF NEW AND EXCITING CHANGES TO PROGRAMS AND FACILITIES AT MARYWOOD. IN ADDITION, THEY OBTAINED INFORMATION CONCERNING CHANGES TO BIOGRAPHIC AND DEMOGRAPHIC INFORMATION OF THE INDIVIDUALS CALLED. RUFFALO CODY ACTED STRICTLY IN THE ROLE OF OUR AGENT IN SECURING PLEDGES OF SUPPORT. THE PROCESSING OF ALL PLEDGE PAYMENTS AND CREDIT CARD TRANSACTIONS WERE HANDLED BY UNIVERSITY EMPLOYEES. 1 SPONSORED SCHOLARSHIPS 1198 988971 CASH NON-SPONSORED SCHOLARSHIPS 2352 31330465 CASH STUDENT AID 108 532056 CASH PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, PART I, LINE 2: THE OFFICE OF FINANCIAL AID DETERMINES ELIGIBILITY OF EACH STUDENT WHO APPLIES FOR FINANCIAL AID, USING FORMULAS AND CRITERIA PROMULGATED BY VARIOUS FEDERAL, STATE, AND LOCAL GOVERNMENTAL BODIES, AS WELL AS MARYWOOD'S INTERNALLY ESTABLISHED RULES AND PROCEDURES. X 1 1 X X X X X 0 0 0 0 0 0 0 0 0 JOSEPH X GARVEY JR 158406 0 0 0 0 0 16197 0 11189 0 185792 0 0 0 DR RAYMOND HEATH 151159 0 0 0 0 0 15140 0 1943 0 168242 0 0 0 DR ALAN LEVINE 159633 0 0 0 0 0 16394 0 13481 0 189508 0 0 0 DR CLAYTON N PHEASANT 156443 0 0 0 0 0 16447 0 11621 0 184511 0 0 0 DR MARK RODGERS 134132 0 0 0 0 0 12753 0 10099 0 156984 0 0 0 GREGORY KEANE HUNT 131564 0 0 0 0 0 12818 0 6696 0 151078 0 0 0 COLLIER PARKER 124004 0 0 0 0 0 12961 0 13367 0 150332 0 0 0 DR MICHAEL ALAN FOLEY 109649 0 0 0 0 0 11089 0 5818 0 126556 0 0 0 PART I, LINE 1A MARYWOOD'S PRESIDENT, SR. ANNE MUNLEY, LIVES IN HOUSING OWNED BY MARYWOOD, SPECIFICALLY FOR THE PRESIDENT. THIS HOUSING ALLOWANCE IS EXCLUDABLE FROM INCOME UNDER IRC SECTION 125. BECAUSE SISTER'S CONGREGATION TAKES A VOW OF POVERTY, ALL OF HER INCOME RELATED TO HER WORK FOR MARYWOOD GOES DIRECTLY TO THE CONGREGATION, AND IS THEREFORE NOT TAXABLE TO SISTER ANNE. A PENNSYLVANIA HIGHER EDUCATION FACILITIES AUTHORITY 232243852 70917NU77 2005-02-03 9105000 SERIES A OF 2005 - TO ADVNC-REF'D O/S BAL OF 2000 BONDS & TO PAY ISS COSTS 0 0 0 B PENNSYLVANIA HIGHER EDUCATION FACILITIES AUTHORITY 232243852 70917N4Q4 2005-04-15 11447049 SERIES B OF 2005 - TO REF'D 1999 D4 BNDS; FIN CONSTR OF ATH FAC; FND DBT SVC 0 0 0 C PENNSYLVANIA HIGHER EDUCATION FACILITIES AUTHORITY 232243852 70917RAZ8 2005-12-15 12567509 SERIES C OF 2005 - TO FIN RENOV OF RES HALL; FIN VAR CAP IMP; FND DBT SVC 0 0 0 D THE ABINGTON TOWNSHIP MUNICIPAL AUTHORITY 231708665 003642AH8 2007-01-04 14991657 SERIES OF 2007 - TO FIN RENOV OF RESIDENCE HALL & OTHER CAP IMPROVMENTS 0 0 0 A 4655000 10268152 142834 25000 60924 8876242 2005 1 1 1 1 B 845000 11466757 502966 393943 161197 323210 9759679 700000 2006 1 0 1 1 C 975000 12590428 542642 242819 176557 341441 11506871 2007 0 0 1 1 D 14997303 624586 462804 205201 274787 13887085 2008 0 0 1 1 A 0 0 0 0 0 0 0 B 0 0 0 0 0 0 0 C 0 0 0 0 0 0 0 D 0 0 0 0 0 0 0 A 0 0 0 0 1 0 0 0 0 B 0 0 1 0 0 0 1 AIG 1 0 0 C 0 0 1 0 0 0 1 AIG 1 0 0 D 0 0 1 0 0 0 1 AIG 1 0 0 X 1 20000 EXPERT APPRAISAL X 9709 SELLING PRICE X 7 600966 PUBLICLY TRADED STOCK X 1 399 SELLING PRICE X GIFT BASKETS & CERTIFICATES 1 53 SELLING PRICE X FRAMES TO ART DEPARTMENT 1 200 ART DEPARTMENT ESTIMATE X FOUR GOLF SCOPES FOR SARAH GEORGE GOLF TOURNAMENT 1 42 SELLING PRICE X ETHICS FORUM 2 20970 COMPARABLE PRICE X CHARTWELLS - IMPUTED INTEREST 1 16344 INTERNAL AMORTIZATION SCHEDULE X COMPLIMENTARY UNIVERSITY PARTNER PROGRAM 1 469 VENDOR VALUE X TIMESHARE UNIT 107-301 THE VILLAS 1 7000 COMPARABLE PROPERTY PRICE X UNIVERSITY CONNECTION COMPLIMNETARY PACKAGE 1 280 VENDOR VALUE X DRUM SET 1 708 SELLING PRICE X BACKGROUNDS AND GLASS 1 1262 FMV X CHARTWELLS FOOD SERVICE- IMPUTED INTEREST 1 90314 FMV 0 0 1 THIRD PARTY USE: PART I, LINE 32B: PENN SECURITY BANK & TRUST COMPANY RECEIVES ALL STOCK CONTRIBUTIONS AND IMMEDIATELY SELLS THEM. FORM 990, PART VI, SECTION A, LINE 3 CHARTWELLS MANAGES DINING SERVICES; CONCORD INVESTMENTS ADVISES AS TO MARYWOOD'S ENDOWMENT FUND INVESTING; FOLLETT MANAGES MARYWOOD'S BOOKSTORE FORM 990, PART VI, SECTION A, LINE 6 THE MEMBERS OF THE MARYWOOD UNIVERSITY CORPORATION ARE SIX MEMBERS OF THE SISTERS, SERVANTS OF THE IMMACULATE HEART OF MARY. FORM 990, PART VI, SECTION A, LINE 7A THE MEMBERS OF THE MARYWOOD UNIVERSITY CORPORATION ARE SIX MEMBERS OF THE SISTERS, SERVANTS OF THE IMMACULATE HEART OF MARY. ARTICLE I, SECTION 4 OF THE MARYWOOD UNIVERSITY BYLAWS STATES: "THE MEMBERS OF THE CORPORATION SHALL HAVE THE RIGHT, BY MAJORITY VOTE, TO ELECT TRUSTEES. THEY SHALL HAVE THE RIGHT OF APPROVAL, BY MAJORITY VOTE, OF ACTIONS OF THE BOARD OF TRUSTEES RELATING TO CHANGES IN INSTITUTIONAL PURPOSE AND PHILOSOPHY; APPOINTMENT OF THE PRESIDENT OF THE UNIVERSITY; ACQUISITION, DISPOSITION,ENCUMBRANCE, OR LEASE OF REAL PROPERTY OF THE INSTITUTION; CONSTRUCTION OF NEW BUILDINGS; DISSOLUTION, MERGER, OR CONSOLIDATION OF THE INSTITUTION WITH ANOTHER CORPORATION; AMENDMENTS TO THE BYLAWS; AND DISPOSITION OF PROPERTY UPON DISSOLUTION." FORM 990, PART VI, SECTION A, LINE 7B NOMINATIONS ARE MADE BY THE BOARD OF TRUSTEES. THE MEMBERS OF THE MARYWOOD UNIVERSITY SHALL HAVE THE RIGHT, BY MAJORITY VOTE, TO ELECT TRUSTEES. THEY SHALL HAVE THE RIGHT OF APPROVAL, BY MAJORITY VOTE, OF ACTIONS OF THE BOARD OF TRUSTEES RELATING TO CHANGES IN INSTITUTIONAL PURPOSE AND PHILOSOPHY; APPOINTMENT OF THE PRESIDENT OF THE UNIVERSITY; ACQUISITION, DISPOSITION, ENCUMBRANCE, OR LEASE OF REAL PROPERTY OF THE INSTITUTION; CONSTRUCTION OF NEW BUILDINGS; DISSOLUTION, MERGER, OR CONSOLIDATION OF THE INSTITUTION WITH ANOTHER CORPORATION; AMENDMENTS TO THE BYLAWS; AND DISPOSITION OF PROPERTY UPON DISSOLUTION. FROM 2006 TO 2010, THE (SIX) MEMBERS OF THE MARYWOOD UNIVERSITY CORPORATION INCLUDED SISTER MARY PERSICO, PRESIDENT OF THE IHM CONGREGATION; SISTER MARY JO GALLAGHER, VICE PRESIDENT OF THE IHM CONGREGATION; SISTER KATHRYN CLAUSS, COUNCILOR; SISTER SUSAN HADZIMA,COUNCILOR; BARBARA JABLONSKI, COUNCILOR; AMY ZYCHAL, COUNCILOR FROM 2010 TO 2014, THE (FIVE) MEMBERS OF THE MARYWOOD UNIVERSITY CORPORATION INCLUDE SISTER THERESE O'ROURKE, PRESIDENT OF THE IHM CONGREGATION; SISTER ELLEN MARONEY, VICE PRESIDENT OF THE IHM CONGREGATION; SISTER ROSEMARY GOULET, COUNCILOR; SISTER CHRISTINE KOELLHOFFER, COUNCILOR; SISTER ELLEN CARNEY, COUNCILOR. FORM 990, PART VI, SECTION B, LINE 11 THE FORM 990 WILL BE PRESENTED TO THE AUDIT COMMITTEE OF THE BOARD BY MARYWOOD'S PUBLIC ACCOUNTING FIRM PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C CONFLICT OF INTEREST FORMS ARE DISTRIBUTED AT THE ANNUAL MEETING, IN APRIL, OF THE BOARD OF TRUSTEES. THE SECRETARY AND THE GENERAL COUNSEL REVIEW EACH CONFLICT OF INTEREST FORM. THE SECRETARY OF THE UNIVERSITY ASSURES THAT A CONFLICT OF INTEREST STATEMENT IS RECEIVED FROM EACH MEMBER BY THE FOLLOWING JULY 1. THE FILE OF FORMS IS KEPT IN THE OFFICE OF THE SECRETARY OF THE UNIVERSITY. ARTICLE XIV OF THE UNIVERSITY'S BYLAWS REQUIRES THAT THE MINUTES OF ANY MEETING IN WHICH A TRUSTEE MAY HAVE A CONFLICT OF INTEREST MUST REFLECT THAT A DISCLOSURE OF SUCH CONFLICT WAS MADE, AND THAT THE TRUSTEE HAVING SAID CONFLICT ABSTAINED FROM VOTING. FORM 990, PART VI, SECTION B, LINE 15 AN INDEPENDENT CONSULTING FIRM, AFTER PERFORMING DUE DILIGENCE IN STUDYING COMPARATIVE SALARIES AND OTHER ECONOMIC FACTORS, RECOMMENDS A SALARY AMOUNT FOR THE PRESIDENT OF THE UNIVERSITY TO THE EXECUTIVE OFFICERS OF THE BOARD OF TRUSTEES. THE RECOMMENDATIONS ARE DOCUMENTED IN THE BOARD OF TRUSTEES MEETING MINUTES AS WELL AS WITH HUMAN RESOURCES. THE COMMITTEE OF EXECUTIVE OFFICERS, AFTER DELIBERATION AND CONSIDERATION, APPROVES THE PRESIDENT'S SALARY. THE PRESIDENT OF THE UNIVERSITY THEN SETS THE SALARIES OF THE SENIOR ADMINISTRATIVE OFFICERS, WITH APPROVAL OF THE EXECUTIVE OFFICERS OF THE BOARD. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 9: CHANGE IN SPLIT INTEREST AGREEMENTS -66,897. UNREALIZED GAIN ON INTEREST RATE SWAP 219,333. FORM 990, PART VII: CERTAIN OFFICERS ARE NOT DIRECTLY COMPENSATED BY THE UNIVERSITY. THE UNIVERSITY PAYS THE CONGREGATION OF THE SISTERS, SERVANTS OF IMMACULATE HEART OF MARY ("IHM") ON BEHALF OF SISTER ANNE MUNLEY, PRESIDENT. MARYWOOD UNIVERSITY PAID IHM $288,883 ON BEHALF OF SISTER ANNE MUNLEY FOR HER ROLE AS PRESIDENT. DESCRIPTION OF PROGRAM SERVICE ACTIVITY IN REGION (CONTINUED): FORM 990, SCHEDULE F, PART I, LINE 3, COLUMN (E): PILOT PROJECT IN AFRICA, THERE WILL BE A SERIES OF TWO-WEEK SEQUENTIAL WORKSHOPS FOCUSED ON MANAGEMENT & LEADERSHIP CAPACITY BUILDING. CURRICULUM SPECIALISTS AT THE AFRICAN SISTERS EDUCATION COLLOBORATIVE ("ASEC") COLLEGES WILL DEVELOP THE SCOPE AND SEQUENCE OF THE OFFERINGS. IN ADDITION TO INSTRUCTIONAL PROGRAMS OFFERED BY ASEC COLLEGES, SLDI PARTICIPANTS WILL HAVE THE OPPORTUNITY TO ATTEND SESSIONS COORDINATED BY SUCH AFRICAN-BASED ORGANIZATIONS AS CORAT AFRICA, WHICH FACILITATES IN-COUNTRY CLIENT DETERMINED COURSES, WORKSHOPS & SEMINARS. LONG RANGE PLANS FOR SLDI INCLUDE INCREASED USE OF TECHNOLOGY & THE INTERNET TO ACCESS DISTANCE EDUCATION. THE PURPOSE OF PHASE II OF THIS ONGOING PROJECT IS TO INCREASE ACCESS TO MANAGEMENT & LEADERSHIP SKILL BUILDING THROUGH TRAINING & EDUCATION FOR AT LEAST 250 AFRICAN SISTERS IN ORDER TO IMPACT POSITIVELY ON THE EDUCATIONAL/SOCIAL/ECONOMIC CONDITION OF THE LIVES OF THOSE SERVED THROUGH THEIR MINISTRIES. SCHEDULE K, PART IV, LINE 4: THE DEBT SERVICE RESERVE FUNDS WERE INVESTED IN A GIC. THE GIC'S WERE TERMINATED DUE TO A DOWNGRADE IN AIG'S INVESTMENT RATING ON SEPTEMBER 16, 2008. THE DEBT SERVICE RESERVE FUND'S WERE SUBSEQUENTLY RE-INVESTED IN CERTIFICATE'S OF DEPOSIT WITH M&T BANK. SCHEDULE K, PART IV, LINE 6: THE PROCEEDS WERE INVESTED IN SLUGS, WHICH EARNED LESS THAN THE BOND ISSUE INTEREST RATE, AND THEREFORE NO ARBITRAGE WAS EARNED. CONGREGATION OF THE SISTERS SERVANTS OF THE IMMACULATE HEART IHM CENTER 2300 ADAMS AVENUE SCRANTON PA 18509 RELIGIOUS PA 501(C)(3) LINE 1 N/A 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1