2014-02-13T14:59:22-05:00 2013-06-30 BKD LLP 211 N BROADWAY SUITE 600 ST LOUIS MO 631022733 990 2012-07-01 430652675 St Louis College Of Pharmacy % GARY TORRENCE STLO 3143678700 4588 Parkview Place Suite St Louis MO 631101088 DR JOHN A PIEPER 3143678700 2014-02-13 true Donna J Larson 3142315544 2012 2015-11-30 17:44:51Z DR JOHN A PIEPER 4588 PARKVIEW PL ST LOUIS MO 631101088 62600212 false X www.stlcop.edu X 1864 MO EDUCATIONAL INSTITUTION TO PROVIDE PROFESSIONAL EDUCATION TO STUDENTS TO RECEIVE A GRADUATE DEGREE IN PHARMACY. 17 17 766 22912 1894285 1481629 36052443 38757692 7653272 8893210 185612 113002 45785612 49245533 5701981 5862927 0 0 18751676 20302280 0 0 1289638 13245826 14009302 37699483 40174509 8086129 9071024 167392672 180163691 46682773 45992019 120709899 134171672 EDUCATIONAL INSTITUTION TO PROVIDE PROFESSIONAL EDUCATION TO STUDENTS TO RECEIVE A GRADUATE DEGREE IN PHARMACY. false false 30934504 5768681 35166199 STUDENT EDUCATION: TO PROVIDE STUDENTS WITH INSTRUCTION, BOOKS AND MATERIALS TO OBTAIN GRADUATE DEGREES IN PHARMACY. NUMBER PERSONS ENROLLED: SPRING 1,276, FALL 1,299 3434941 94246 2997269 STUDENT HOUSING AND PARKING: TO PROVIDE ROOM AND BOARD FOR STUDENTS OF THE ST. LOUIS COLLEGE OF PHARMACY. NUMBER OF PERSONS HOUSED 277, ALSO PROVIDES PARKING FOR 540 676608 594224 OTHER NON-OPERATING ACTIVITIES 35046053 true true false false false false false true false true true true false false true false true false true false true false false false false false false false true true true false false false false false false false false false false false false false false false true false false false true X 46 0 true 766 true true true true CJ UK false false false false false false false false X 17 17 false false true false false false false true true false false true true true true true false true false false X GARY TORRENCE 3143678700 4588 PARKVIEW PL ST LOUIS MO 631101088 X JANE E ARNOLD 1.0 X X 0 0 0 STEPHEN M CALLOWAY 1.0 X 0 0 0 THOMAS L MEYER 1.0 X X 0 0 0 RENATO CATALDO 1.0 X 0 0 0 GARY P REEVE 1.0 X 0 0 0 TODD EVERS 1.0 X 0 0 0 JOSEPH C FLEISHAKER 1.0 X X 0 0 0 KEVIN COLGAN 1.0 X X 0 0 0 ARTHUR CULBERT 1.0 X 0 0 0 CATHERINE GOETZ 1.0 X 0 0 0 MICHAEL HOLMES 1.0 X 0 0 0 RICHARD LIEKWEG 1.0 X 0 0 0 JAMES SANGER 1.0 X 0 0 0 RICHARD ANDERSON 1.0 X X 0 0 0 PAUL BEAHM 1.0 X 0 0 0 JACK CANTLIN 1.0 X 0 0 0 ELAINE HAYNES 1.0 X 0 0 0 WENDY L DUNCAN 40.0 X 215741 0 35371 KIMBERLY J KILGORE 40.0 X 150174 0 26461 GARY TORRENCE 40.0 X 189879 0 27149 JOHN A PIEPER 40.0 X 411346 0 50632 JOHN M BURKE 40.0 X 152356 0 24870 F CHAD SHEPHERD 40.0 X 141016 0 24905 TRICIA BERRY 40.0 X 142865 0 14547 MARCUS LONG 40.0 X 168870 0 31828 PETER HURD 40.0 X 141532 0 19744 THOMAS F PATTON 40.0 X 153652 0 50135 1867431 0 305642 44 true true false HOSPITALITY SERVICES 15480 CLAYTON RD STE 301 BALLWIN MO 63011 FOOD SERVICE 899660 ALLIED BARTON SECURITY SERVICES PO BOX 828854 PHILADELPHIA PA 191828854 SECURITY SERVICE 387081 EXECUTIVE MANAGEMENT SERVICES INC PO BOX 501818 INDIANAPOLIS IN 462506818 HOUSEKEEPING SRVS 112793 CANNON DESIGN 1100 CLARK AVE ST LOUIS MO 63102 ENGINEERING 121718 STANDING PARTNERSHIP 1610 DES PERES RD SUITE 200 ST LOUIS MO 63131 MARKETING 109565 5 415600 1066029 1481629 TUITION & HOUSING 611600 38757692 38757692 38757692 4324828 22912 4301916 0 0 0 0 0 17923061 13354679 4568382 4568382 4568382 0 0 0 BOOKSTORE/FOOD SERVICE INCOME 451211 24167 24167 PROFESSIONAL PROGRAM FEE 713990 10909 10909 VENDING MACHINE INCOME 900099 7527 7527 70399 70399 113002 49245533 38757692 22912 8983300 0 5862927 5862927 0 0 988412 363369 625043 0 15116533 13323501 1237164 555868 996410 870333 86875 39202 2097061 1864656 159549 72856 1103864 953838 109713 40313 0 57169 57169 148197 148197 0 0 676641 676641 1345034 1197565 12048 135421 0 1195408 1088560 16926 89922 959090 919776 39314 0 599019 599019 0 0 422791 337279 53499 32013 1623262 1623262 0 2828671 2828671 175550 175550 SPECIAL EVENTS 1037865 712670 16705 308490 FOOD DORMITORY 726758 726758 FACULTY DVMT/RESEARCH 542026 378690 163336 MAINTENANCE & REPAIRS 407277 253300 153977 1264544 1141879 107112 15553 40174509 35046053 3838818 1289638 662045 573678 5396552 3792803 244852 215103 278116 1287270 0 0 0 0 0 0 0 0 565784 630545 72235844 33233648 39478794 39002196 79019772 84235195 34569149 43010893 5034427 5350294 0 0 2143181 2065714 167392672 180163691 2803510 2850702 0 0 1864579 2086650 36115000 34310000 0 0 0 0 5404721 6120222 0 0 494963 624445 46682773 45992019 X 108898513 121549945 5474938 5864593 6336448 6757134 120709899 134171672 167392672 180163691 X 9071024 4419140 -28391 X false true X true true true X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 64000 X X X false 114141674 1374633 13150819 1043474 127623652 111546374 2512662 1090625 0 1007987 0 114141674 83426512 8972455 20116041 0 968634 0 111546374 72199524 2333529 9536185 0 642726 0 83426512 88636795 1189860 -17078180 0 548951 0 72199524 0.92580 0.05290 0.02130 false false 2622399 2622399 53126314 20086894 33039420 2267712 2267624 88 11255625 8660316 2595309 2963794 2218814 744980 39002196 ALTERNATE STRATEGIES 34869207 F REAL ESTATE 8141686 F 43010893 0 FUNDS HELD FOR OTHERS 119050 PAYABLE TO ANNUITANTS 69146 DEFERRED COMPENSATION 436249 624445 48585793 4419140 53734 4472874 44112919 5132614 5132614 49245533 35124020 15221 15221 35108799 5065710 5065710 40174509 DESCRIPTION AND USE OF THE ORGANIZATION'S COLLECTIONS PART III, LINE 4 THE MORTAR AND PESTLE COLLECTIONS ARE DISPLAYED IN THE COLLEGE'S LOBBY AND LIBRARY. THE ITEMS PRESERVE THE HISTORY OF THE PHARMACY PROFESSION FOR FUTURE GENERATIONS. USE OF ENDOWMENT FUNDS PART V, LINE 4 THE PURPOSE OF THE ENDOWMENT FUND IS TO SUPPORT THE COLLEGE IN ACHIEVING ITS MISSION. FIN 48 DISCLOSURE PART X, LINE 2 MANAGEMENT HAS EVALUATED THEIR INCOME TAX POSITIONS UNDER THE GUIDANCE INCLUDED IN ASC 740. BASED ON THEIR REVIEW, MANAGEMENT HAS NOT IDENTIFIED ANY MATERIAL UNCERTAIN TAX POSITIONS TO BE RECORDED OR DISCLOSED IN THE FINANCIAL STATEMENTS. RECONCILIATION OF REVENUE PER AUDITED FIN STMTS WITH REVENUE PER RETURN PART XI, LINE 2D RECLASSIFICATION OF EXPENSE $ 15,221 NET CHANGE IN COLLEGE CONTRIBUTION TO FEDERAL LOAN PROGRAM $ 38,513 ----------- $ 53,734 RECONCILIATION OF REVENUE PER AUDITED FIN STMTS WITH REVENUE PER RETURN PART XI, LINE 4B TUITION DISCOUNTS/SCHOLARSHIPS RECLASSED $ 5,065,710 CHANGE IN SPLIT INTEREST AGREEMENTS $ 65,057 CHANGE IN CASH SURRENDER VALUE $ 1,847 ----------- $ 5,132,614 RECONCILIATION OF EXPENSE PER AUDITED FIN STMTS WITH EXPENSES PER RETURN PART XII, LINE 2D RECLASSIFICATION OF EXPENSE $ 15,221 RECONCILIATION OF EXPENSE PER AUDITED FIN STMTS WITH EXPENSES PER RETURN PART XIII, LINE 4B TUITION DISCOUNTS/SCHOLARSHIPS RECLASSED $ 5,065,710 true true true true true true true false false false false false false false false true false true RACIALLY NONDISCRIMINATORY POLICY PART I, LINE 3 THE COLLEGE POLICY OF RACIAL NONDISCRIMINATION IS PUBLISHED IN ALL ADMISSIONS CATALOGS AND MATERIAL AND MADE AVAILABLE TO ALL PROSPECTIVE STUDENTS. GOVERNMENTAL AID OR ASSISTANCE PART I, LINE 6 THE ORGANIZATION RECEIVES FINANCIAL AID OR ASSISTANCE FROM THE DEPARTMENT OF EDUCATION HIGHER EDUCATION PROGRAMS. Central America and the Caribbean Investments 22064105 Europe (Including Iceland and Greenland) Investments 1399139 23463244 23463244 true false true true true false FOREIGN INVESTMENT BALANCE PART I, LINE 3 ST. LOUIS COLLEGE OF PHARMACY HAD THE FOLLOWING FOREIGN INVESTMENT BALANCES FOR THE YEAR: BLACK STONE PARTNERS OFFSHORE FUND LTD $10,823,271 SELECTINVEST MULTISTRATEGY, LTD 377,787 MAGNITUDE INTERNATIONAL 5,443,054 57 STARS GLOBAL OPPORTUNITY FUND 3 350,003 TITAN TRADING FUND OFFSHORE 4,912,719 ----------- TOTAL CENTRAL AMERICA/CARIBBEAN INVESTMENTS $21,906,834 PGSF IV FEEDER, LP $1,399,139 ----------- TOTAL EUROPE INVESTMENTS $1,399,139 FOREIGN INVESTMENT FEES PART I, LINE 3 ST. LOUIS COLLEGE OF PHARMACY HAD FOREIGN INVESTMENT FEES of $157,271 FOR THE YEAR. true SEOG 91 173110 PRESIDENTIAL SCHOLARSHIP 126 1004000 FACULTY MEMORIAL SCHOLARSHIP 130 389141 HIGH PROFICIENCY SCHOLARSHIP 208 832000 TUITION REMISSION 10 94246 NEED BASED GRANTS 115 267491 COLLEGE SPONSORED SCHOLARSHIPS 201 584125 COLLEGE CONTRIBUTION SEOG 91 43277 COLLEGE CONTRIBUTION CWS 292 53133 COLLEGE CONTRIBUTION OJ CLOUGHLY LN FD 3 6000 DEANS SCHOLARSHIP 287 1578727 AMBASSADOR SCHOLARSHIP 40 20000 ANNA J CLOUGHLY CONTRIBUTION 1 500 WALGREENS SCHOLARSHIP 25 30000 ATHLETIC SCHOLARSHIP 150 149900 PRESIDENT'S MERIT AWARD 113 637277 PROCEDURES FOR MONITORING THE USE OF GRANT FUNDS IN THE UNITED STATES PART I, LINE 2 THE STUDENT GRANTS AND AWARDS ARE FINANCIAL AID FUNDS WHICH THE FINANCIAL AID OFFICE HAS DETERMINED EACH STUDENT WAS ELIGIBLE TO RECEIVE. THE BUSINESS OFFICE REVIEWS THEIR LIST, PRIOR TO ENTERING THE AWARDS DIRECTLY ON EACH STUDENT'S TUITION ACCOUNT, AS PAYMENT. FINANCIAL AID OFFICE IS PROVIDED MONTHLY REPORTS AS THESE AWARDS ARE EXPENSED OUT OF THE FINANCIAL AID BUDGET. STUDENTS ARE AWARE OF THESE AWARDS THROUGH VARIOUS PUBLICATIONS. STUDENTS HAVE DIRECT ACCESS TO ALL DETAILS OF THEIR TUITION ACCOUNT. X X true true X X X X false false false false false false false true false THOMAS F PATTON 144034 0 0 0 9618 0 35289 0 14846 0 203787 0 0 0 WENDY L DUNCAN 203815 0 10862 0 1064 0 17229 0 18142 0 251112 0 0 0 KIMBERLY J KILGORE 132704 0 17000 0 470 0 11304 0 15157 0 176635 0 0 0 GARY TORRENCE 179584 0 9000 0 1295 0 14833 0 12316 0 217028 0 0 0 JOHN M BURKE 151807 0 0 0 549 0 12793 0 12077 0 177226 0 0 0 F CHAD SHEPHERD 131661 0 9000 0 355 0 10968 0 13937 0 165921 0 0 0 JOHN A PIEPER 337756 0 50456 0 23134 0 39816 0 10816 0 461978 0 0 0 TRICIA BERRY 142758 0 0 0 107 0 11133 0 3414 0 157412 0 0 0 MARCUS LONG 152490 0 16000 0 380 0 11891 0 19937 0 200698 0 0 0 PETER HURD 140792 0 0 0 740 0 11485 0 8259 0 161276 0 0 0 HEALTH OR SOCIAL CLUB DUES OR INITIATION FEES PART I, LINE 1(A) DR. JOHN A. PIEPER, THE PRESIDENT, RECEIVED PAYMENT FOR HEALTH/SOCIAL CLUB MEMBERSHIP DUES AND A HOUSING ALLOWANCE. THE PRESIDENT PAID THE COLLEGE FOR HIS PERSONAL USE OF THE HEALTH/SOCIAL CLUB MEMBERSHIP AND THE HOUSING ALLOWANCE WAS INCLUDED IN HIS W-2. THOMAS PATTON, THE FORMER PRESIDENT, RECEIVED HEALTH/SOCIAL CLUB MEMBERSHIP DUES, WHICH WERE INCLUDED IN HIS TAXABLE COMPENSATION. NON-FIXED PAYMENTS PART I, LINE 7 EACH INDIVIDUAL'S BONUS IS BASED UPON THE COLLEGE'S PERFORMANCE AND THE INDIVIDUAL'S PERFORMANCE COMPARED TO THEIR ANNUAL GOALS. THE BONUSES ARE APPROVED BY THE BOARD. THE FOLLOWING INDIVIDUALS RECEIVED THE NON-FIXED PAYMENT: WENDY DUNCAN, DEAN OF PHARMACY KIMBERLY KILGORE, DEAN OF ARTS & SCIENCE MARCUS LONG, VP MARKETING & COMMUNICATIONS JOHN PIEPER, PRESIDENT F CHAD SHEPHERD, VP INFORMATION TECHNOLOGY GARY G TORRENCE, VP FINANCE & CFO A HLTH & ED FACILITIES AUTHORITY OF THE STATE OF MO 431178966 606901Z33 2006-02-24 45755000 DEFEASE 2001 ISSUE false false false A 11445000 0 0 45755000 0 0 777835 691000 0 0 44286165 0 2003 true false true true A 0 A false false true false false false 0 false 0 false false A false PART III, COLUMN A 0 THE SERIES 2006 BONDS REFUNDED THE SERIES 2001 BONDS, WHICH WERE ISSUED PRIOR TO 1/1/2003. ACCORDINGLY, IN PART III, COLUMN A, ST. LOUIS COLLEGE OF PHARMACY ("STL COP") IS NOT REPORTING ON THE PROJECTS FINANCED BY THE SERIES 2001 BONDS. PART IV, LINE 7 AND PART VI, LINE 1 0 HISTORICALLY, STL COP HAS RELIED UPON THE TAX COMPLIANCE AGREEMENT OR SIMILAR DOCUMENT ENTERED INTO IN CONJUNCTION WITH TAX-EXEMPT FINANCINGS AS THE ORGANIZATION'S WRITTEN PRACTICES AND PROCEDURES FOR ENSURING POST-ISSUANCE COMPLIANCE WITH THE FEDERAL TAX REQUIREMENTS. AS PART OF THE DUE DILIGENCE PERIOD PRIOR TO ISSUING A NEW SERIES OF TAX-EXEMPT BONDS IN NOVEMBER 2013, STL COP BECAME AWARE THAT THE IRS DOES NOT VIEW A TAX COMPLIANCE AGREEMENT OR SIMILAR DOCUMENT ENTERED INTO IN CONJUNCTION WITH A TAX-EXEMPT FINANCING AS SUFFICIENT WRITTEN POST-ISSUANCE TAX COMPLIANCE PROCEDURES. INSTEAD, STL COP UNDERSTANDS THAT THE IRS BELIEVES THAT ISSUERS AND CONDUIT BORROWERS SHOULD HAVE WRITTEN PROCEDURES THAT ARE SEPARATE FROM THE TAX COMPLIANCE AGREEMENT. AS A RESULT, STL COP WORKED WITH COUNSEL TO DEVELOP SEPARATE WRITTEN TAX COMPLIANCE PROCEDURES AND ADOPTED SUCH WRITTEN PROCEDURES SEPTEMBER 26, 2013. THESE WRITTEN TAX COMPLIANCE PROCEDURES ADDRESS BOTH (A) POST-ISSUANCE COMPLIANCE AND (B) REMEDIATION OF NONQUALIFIED BONDS (INCLUDING UTILIZATION OF THE VOLUNTARY CLOSING AGREEMENT PROGRAM). STL COP ANTICIPATES THAT IT WILL BE ABLE TO ANSWER "YES" TO QUESTIONS REGARDING SEPARATE, WRITTEN MANAGEMENT PRACTICES AND PROCEDURES FOR ENSURING POST-ISSUANCE TAX COMPLIANCE AND REMEDIATION OF NONQUALIFIED BONDS AS PART OF SCHEDULE K IN FUTURE YEARS. SIGNIFICANT CHANGES TO GOVERNING DOCUMENTS FORM 990, PART VI, SECTION A, QUESTION 4 THE ORGANIZATION'S BYLAWS WERE UPDATED DURING THE 6/30/2013 FISCAL YEAR. REVIEW PROCESS FORM 990, PART VI, SECTION B, QUESTION 11B THE STAFF MEMBERS THAT PROVIDE INFORMATION TO THE OUTSIDE PREPARER CONDUCT A THOROUGH REVIEW OF A DRAFT OF THE RETURN. THE FINAL VERSION IS REVIEWED IN DETAIL BY THE FINANCE COMMITTEE. THE RETURN IS THEN FORWARDED TO THE BOARD MEMBERS FOR REVIEW BEFORE FILING THE RETURN WITH THE INTERNAL REVENUE SERVICE. COMPLIANCE WITH CONFLICT OF INTEREST POLICY FORM 990, PART VI, SECTION B, LINE 12C FACULTY, STAFF, AND THE BOARD OF TRUSTEES ARE REQUIRED TO DISCLOSE ANNUALLY INTERESTS THAT COULD GIVE RISE TO CONFLICT. ALL CONFLICTS OF INTEREST ARE REVIEWED BY THE FACULTY GOVERNANCE COMMITTEE, THE DIRECTOR OF HUMAN RESOURCES, AND THE BOARD OF TRUSTEES. ALL PERSONS ARE INSTRUCTED TO REFRAIN FROM ACTIVITIES THAT GIVE RISE TO CONFLICT. ALL CONTRACTS AND PURCHASES IN EXCESS OF $1,000 REQUIRE APPROVAL OF THE CFO. THE PRESIDENT'S APPROVAL IS REQUIRED FOR $5,000 AND ABOVE. PROCESS FOR DETERMINING COMPENSATION FORM 990, PART VI, SECTION B, LINE 15A/B AS PART OF THE PROCESS FOR DETERMINING COMPENSATION, SALARY INFORMATION FOR PRESIDENTS OF SIMILAR SIZED COLLEGES AND FORMS 990 WAS PROVIDED BY A RECRUITING FIRM. ADDITIONAL FACTORS INCLUDED A REVIEW OF THE PRESIDENT'S PERFORMANCE RATING BY THE BOARD AND THE COLLEGE'S BUDGETED SALARY FOR FACULTY AND STAFF. BONUSES WERE BASED ON CONTRACT TERMS AND THE PRESIDENT'S PERFORMANCE AS COMPARED TO OBJECTIVES. THE BOARD OF TRUSTEES MEET IN JUNE AND APPROVE AN ADJUSTMENT. THE CHAIRPERSON MEETS WITH THE PRESIDENT TO DISCUSS PAST GOALS, NEW GOALS AND SALARY ADJUSTMENT. PROCESS FOR MAKING DOCUMENTS AVAILABLE TO PUBLIC 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. OTHER CHANGES IN NET ASSETS FORM 990, PART XI, LINE 9 CHANGE IN SPLIT INTEREST AGREEMENTS ($65,057) CHANGE IN CASH SURRENDER VALUE ($ 1,847) NET CHANGE IN COLLEGE CONTRIBUTION TO FEDERAL LOAN PROGRAM $38,513 -------- ($28,391) CHARITABLE REMAINDER TRUST REMAINDER TRU MO US BANK TRUST 1.00000 false false false false false false false false false false false false false false false false false false false false