KINGS COLLEGE: Form 990, tax year 2012
View the entire original 990 at ProPublica ↗
- Organization
- KINGS COLLEGE (EIN 24-0804602)
- Tax period
- 2012-07-01 to 2013-06-30
- Filed
- 2014-05-05
- IRS object ID
- 201431259349301353
- Schema version
- 2012v2.1
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990
- Schedule A
- Schedule B
- Schedule D
- Schedule E
- Schedule G
- Schedule I
- Schedule J
- Schedule K
- Schedule L
- Schedule O
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2014-05-05T11:57:36-05:00 | Timestamp |
| Tax Period End Date | 2013-06-30 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 232932984 | EIN |
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | PARENTEBEARD LLC | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 46 PUBLIC SQUARE SUITE 400 | AddressLine1 |
| City | WILKESBARRE | City |
| State | PA | State |
| ZIP Code | 18701 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2012-07-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 240804602 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | KING'S COLLEGE | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | KING | NameControl |
| Phone | 5702085837 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 133 NORTH RIVER STREET | AddressLine1 |
| City | WILKESBARRE | City |
| State | PA | State |
| ZIP Code | 18711 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | JOHN J RYAN CSC | Name |
| Title | PRESIDENT | Title |
| Phone | 5707062394 | Phone |
| Date Signed | 2014-05-04 | DateSigned |
| Authorize Third Party | 1 | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | EDWARD A KOLLAR CPA EA | Name |
| PTIN | P00012018 | PTIN |
| Phone | 5708200100 | Phone |
| Date Prepared | 2014-05-04 | DatePrepared |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2012 | TaxYear |
| Build TS | 2015-11-30 17:44:51Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | JOHN J RYAN CSC | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 133 NORTH RIVER STREET | AddressLine1 |
| City | WILKESBARRE | City |
| State | PA | State |
| ZIP Code | 18711 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 86349488 | GrossReceipts |
| Group Return For Affiliates | 0 | GroupReturnForAffiliates |
| Organization501c3 | X | Organization501c3 |
| Web Site | WWW.KINGS.EDU | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 1946 | YearFormation |
| State Legal Domicile | PA | StateLegalDomicile |
| Activity Or Mission Description | PROVIDES STUDENTS WITH A LIBERAL ARTS EDUCATION ENABLING THEM TO LEAD MEANINGFUL & SATISFYING LIVES. | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 39 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 33 | NbrIndependentVotingMembers |
| Total Nbr Employees | 1455 | TotalNbrEmployees |
| Total Nbr Volunteers | 150 | TotalNbrVolunteers |
| Total Gross UBI | 127165 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | -3973 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Prior Year | 7613673 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 5643512 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 73018972 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 73283889 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 2355339 | InvestmentIncomePriorYear |
| Investment Income Current Year | 4534558 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 94062 | OtherRevenuePriorYear |
| Other Revenue Current Year | 52803 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 83082046 | TotalRevenuePriorYear |
| Total Revenue Current Year | 83514762 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 26344159 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 24863203 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members Prior Year | 0 | BenefitsPaidToMembersPriorYear |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 36117296 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 35520521 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp Prior Year | 2356 | TotalProfFundrsngExpPriorYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 1316751 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 19035423 | OtherExpensePriorYear |
| Other Expenses Current Year | 18855993 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 81499234 | TotalExpensesPriorYear |
| Total Expenses Current Year | 79239717 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | 1582812 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | 4275045 | RevenuesLessExpensesCY |
| Total Assets BOY | 145642545 | TotalAssetsBOY |
| Total Assets EOY | 161746517 | TotalAssetsEOY |
| Total Liabilities BOY | 48760736 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 58442075 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 96881809 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 103304442 | NetAssetsOrFundBalancesEOY |
| Info In Schedule O Part III | X | InfoInScheduleOPartIII |
| Mission Description | KING'S COLLEGE, A CATHOLIC COLLEGE IN THE HOLY CROSS TRADITION, PROVIDES STUDENTS WITH A BROAD-BASED LIBERAL ARTS EDUCATION WHICH OFFERS THE INTELLECTUAL, MORAL, AND SPIRITUAL PREPARATION THAT ENABLES THEM TO LEAD MEANINGFUL AND SATISFYING LIVES. | MissionDescription |
| Significant New Program Services | 0 | SignificantNewProgramServices |
| Significant Change | 0 | SignificantChange |
| Expense | 70343816 | Expense |
| Grants | 24863203 | Grants |
| Revenue | 73155575 | Revenue |
| Description | KING'S COLLEGE IS A NOT-FOR-PROFIT EDUCATIONAL INSTITUTION WHICH PROVIDES UNDERGRADUATE, GRADUATE AND PROFESSIONAL EDUCATION TO ITS STUDENTS. THE COLLEGE WAS FOUNDED IN 1946 AND WELCOMES STUDENTS INTO ITS COMMUNITY WITHOUT REGARD TO GENDER, RACE, RELIGION, DISABILITY OR NATIONAL ORIGIN, AND SEEKS TO ASSIST TALENTED STUDENTS OF MODEST FINANCIAL MEANS.THE COLLEGE HAS APPROXIMATELY 2,500 STUDENTS, OF WHOM 1,981 ARE FULL-TIME UNDERGRADUATES. APPROXIMATELY 93% OF THE COLLEGE'S PRESENT FULL-TIME UNDERGRADUATE STUDENT BODY IS COMPRISED OF RESIDENTS FROM PENNSYLVANIA, NEW YORK, AND NEW JERSEY.DURING THE YEAR ENDED JUNE 30, 2013, THE COLLEGE PROVIDED STUDENT FINANCIAL AID FROM INTERNAL RESOURCES OF APPROXIMATELY $23,728,840. | Description |
| Total Program Service Expense | 70343816 | TotalProgramServiceExpense |
| Described In501 C3 | 1 | DescribedIn501C3 |
| Schedule B Required | 1 | ScheduleBRequired |
| Political Activities | 0 | PoliticalActivities |
| Lobbying Activities | 0 | LobbyingActivities |
| Subject To Proxy Tax | 0 | SubjectToProxyTax |
| Donor Advised Funds | 0 | DonorAdvisedFunds |
| Conservation Easements | 0 | ConservationEasements |
| Collections Of Art | 0 | CollectionsOfArt |
| Credit Counseling | 0 | CreditCounseling |
| Term Or Permanent Endowments | 1 | TermOrPermanentEndowments |
| Report Land Bldg Equip | 1 | ReportLandBldgEquip |
| Report Invest Oth Securities | 1 | ReportInvestOthSecurities |
| Report Prog Rel Invest | 0 | ReportProgRelInvest |
| Report Other Assets | 1 | ReportOtherAssets |
| Report Other Liabilities | 1 | ReportOtherLiabilities |
| Report Fin48 Footnote | 1 | ReportFin48Footnote |
| Independent Audit Financial Stmt | 1 | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | 0 | ConsolidatedAuditFinancialStmt |
| School | 1 | School |
| Foreign Office | 0 | ForeignOffice |
| Foreign Activities | 0 | ForeignActivities |
| More Than5000 K To Organizations | 0 | MoreThan5000KToOrganizations |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividuals |
| Professional Fundraising | 0 | ProfessionalFundraising |
| Fundraising Activities | 1 | FundraisingActivities |
| Gaming | 0 | Gaming |
| Hospital | 0 | Hospital |
| Grants To Organizations | 0 | GrantsToOrganizations |
| Grants To Individuals | 1 | GrantsToIndividuals |
| Schedule J Required | 1 | ScheduleJRequired |
| Tax Exempt Bonds | 1 | TaxExemptBonds |
| Invest Tax Exempt Bonds | 0 | InvestTaxExemptBonds |
| Escrow Account | 0 | EscrowAccount |
| On Behalf Of Issuer | 0 | OnBehalfOfIssuer |
| Excess Benefit Transaction | 0 | ExcessBenefitTransaction |
| Prior Excess Benefit Transaction | 0 | PriorExcessBenefitTransaction |
| Loan To Officer Or DQP | 0 | LoanToOfficerOrDQP |
| Grant To Related Person | 0 | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | 1 | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | 0 | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | 1 | OfficerEntityWithBsnssRltnshp |
| Deductible Non Cash Contributions | 0 | DeductibleNonCashContributions |
| Deductible Contributions Of Art | 0 | DeductibleContributionsOfArt |
| Terminated | 0 | Terminated |
| Partial Liquidation | 0 | PartialLiquidation |
| Disregarded Entity | 0 | DisregardedEntity |
| Related Entity | 0 | RelatedEntity |
| Related Org Controlled Entity | 0 | RelatedOrgControlledEntity |
| Transfers To Exempt Non Chrtbl Org | 0 | TransfersToExemptNonChrtblOrg |
| Activities Conducted Partnership | 0 | ActivitiesConductedPartnership |
| Schedule O Required | 1 | ScheduleORequired |
| Number Forms Transmitted With1096 | 3518 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Compliance With Backup Witholding | 1 | ComplianceWithBackupWitholding |
| Number Of Employees | 1455 | NumberOfEmployees |
| Employment Tax Returns Filed | 1 | EmploymentTaxReturnsFiled |
| Unrelated Business Income | 1 | UnrelatedBusinessIncome |
| Form990-T Filed | 1 | Form990-TFiled |
| Foreign Financial Account | 0 | ForeignFinancialAccount |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTrans |
| Taxable Party Notification | 0 | TaxablePartyNotification |
| Non Deductible Contributions | 0 | NonDeductibleContributions |
| Quid Pro Quo Contributions | 1 | QuidProQuoContributions |
| Quid Pro Quo Disclosure | 1 | QuidProQuoDisclosure |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOf |
| Funds To Pay Premiums | 0 | FundsToPayPremiums |
| Premiums Paid | 0 | PremiumsPaid |
| Form8899 Filed | 0 | Form8899Filed |
| Form1098 C Filed | 0 | Form1098CFiled |
| Indoor Tanning Services | 0 | IndoorTanningServices |
| Info In Schedule O Part VI | X | InfoInScheduleOPartVI |
| Nbr Voting Governing Body Members | 39 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 33 | NumberIndependentVotingMembers |
| Family Or Business Relationship | 1 | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | 1 | DelegationOfManagementDuties |
| Changes To Organizing Docs | 0 | ChangesToOrganizingDocs |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuse |
| Members Or Stockholders | 1 | MembersOrStockholders |
| Election Of Board Members | 1 | ElectionOfBoardMembers |
| Decisions Subject To Approval | 0 | DecisionsSubjectToApproval |
| Minutes Of Governing Body | 1 | MinutesOfGoverningBody |
| Minutes Of Committees | 1 | MinutesOfCommittees |
| Officer Mailing Address | 0 | OfficerMailingAddress |
| Local Chapters | 0 | LocalChapters |
| Form990 Provided To Governing Body | 1 | Form990ProvidedToGoverningBody |
| Conflict Of Interest Policy | 1 | ConflictOfInterestPolicy |
| Annual Disclosure Covered Persons | 1 | AnnualDisclosureCoveredPersons |
| Regular Monitoring Enforcement | 1 | RegularMonitoringEnforcement |
| Whistleblower Policy | 1 | WhistleblowerPolicy |
| Document Retention Policy | 1 | DocumentRetentionPolicy |
| Compensation Process CEO | 1 | CompensationProcessCEO |
| Compensation Process Other | 1 | CompensationProcessOther |
| Investment In Joint Venture | 0 | InvestmentInJointVenture |
| States Where Copy Of Return Is Filed | PA | StatesWhereCopyOfReturnIsFiled |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
Name Business NameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | THOMAS GRABER CPA | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Telephone Number | 5702085837 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 133 NORTH RIVER STREET | AddressLine1 |
| City | WILKESBARRE | City |
| State | PA | State |
| ZIP Code | 187110801 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionA (53 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | OfficerOfficer | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation | Key EmployeeKeyEmployee | Highest Compensated EmployeeHighestCompensatedEmployee |
|---|---|---|---|---|---|---|---|---|
| MR THOMAS R SMITH | ||||||||
| CHAIRMAN | 1.00 | X | X | 0 | 0 | 0 | ||
| MR MARK DECESARIS | ||||||||
| VICE-CHAIRMAN | 1.00 | X | X | 0 | 0 | 0 | ||
| MRS KAREN KEEFER | ||||||||
| SECRETARY | 1.00 | X | X | 0 | 0 | 0 | ||
| MR RICHARD A ALLEY MD | ||||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |||
| REV THOMAS E CHAMBERS | ||||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |||
| BRO RICHARD DALY CSC | ||||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |||
| REV JOHN F DENNING | ||||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |||
| MR BRENDAN P DOUGHER | ||||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |||
| MRS JANE B FEINSTEIN | ||||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |||
| MR SCOTT HENRY | ||||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |||
| DR JONATHAN P HOSEY | ||||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |||
| JOSEPH E KLUGER ESQ | ||||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |||
| MS KATHLEEN MCCARTHY LAMBERT | ||||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |||
| GERTRUDE C MCGOWAN ESQ | ||||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |||
| MR MICHAEL D MOLEWSKI | ||||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |||
| MR TIMOTHY J MORRIS | ||||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |||
| MR JOHN G NACKLEY | ||||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |||
| MR JOHN D O'BRIEN | ||||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |||
| MR JAMES T O'HARA ESQ | ||||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |||
| REV THOMAS J O'HARA CSC | ||||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |||
| MR CHARLES E PARENTE | ||||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |||
| MR RICHARD J PINOLA | ||||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |||
| REV MARK L POORMAN CSC PHD | ||||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |||
| MR DONALD B POPE-DAVIS PHD | ||||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |||
| REV JAMES L REBETA CSC | ||||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |||
| MRS VIRGINIA S ROSE | ||||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |||
| MR DAVID SCHANKWEILER | ||||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |||
| MR JAMES V SCHNEIDER | ||||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |||
| MR DAVID J SELINGO ESQ | ||||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |||
| MS CATHERINE J SERAFIN ESQ | ||||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |||
| MS PATRICIA E SINEX | ||||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |||
| REV KEVIN P SPICER CSC PHD | ||||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |||
| BRO DONALD STABROWSKI CSC | ||||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |||
| MR WALTER TISCHER | ||||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |||
| MR GLENN W TYRANSKI | ||||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |||
| MS SUSAN E UNVARSKY | ||||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |||
| REV OLIVER F WILLIAMS CSC | ||||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |||
| REV JOHN L YOUNG CSC MD | ||||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |||
| MR EBERHARD FABER | ||||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |||
| MR JOSEPH A FRANK SR | ||||||||
| DIRECTOR EMERITUS | 1.00 | X | 0 | 0 | 0 | |||
| MR ALLAN M KLUGER ESQ | ||||||||
| DIRECTOR EMERITUS | 1.00 | X | 0 | 0 | 0 | |||
| MR JAMES L PURCELL ESQ | ||||||||
| DIRECTOR EMERITUS | 1.00 | X | 0 | 0 | 0 | |||
| MR JOHN M RANDOLPH JR | ||||||||
| DIRECTOR EMERITUS | 1.00 | X | 0 | 0 | 0 | |||
| MR Y JUDD SHOVAL | ||||||||
| DIRECTOR EMERITUS | 1.00 | X | 0 | 0 | 0 | |||
| MR JESSE J WATKINS | ||||||||
| DIRECTOR EMERITUS | 1.00 | X | 0 | 0 | 0 | |||
| REV JOHN J RYAN CSC | ||||||||
| PRESIDENT | 40.00 | X | 0 | 0 | 8516 | |||
| LISA MARIE MCCAULEY | ||||||||
| VP FINANCE/TREASURER | 40.00 | X | 155035 | 0 | 19776 | |||
| FREDERICK PETTIT | ||||||||
| VP - INSTUTIONAL ADVANCEMENT | 40.00 | 151933 | 0 | 15531 | X | |||
| DR BERNARD HEALEY | ||||||||
| PROFESSOR | 40.00 | 132379 | 0 | 22615 | X | |||
| NICHOLAS HOLODICK EDD | ||||||||
| VP - ACADEMIC AFFAIRS | 40.00 | 148374 | 0 | 27665 | X | |||
| BARRY WILLIAMS CPA JD | ||||||||
| DEAN - BUSINESS SCHOOL | 40.00 | 129900 | 0 | 27318 | X | |||
| MS JANET MERCINCAVAGE | ||||||||
| VP OF STUDENT AFFAIRS | 40.00 | 122476 | 0 | 28207 | X | |||
| PAUL MORAN | ||||||||
| EXECUTIVE DIRECTOR - IITS | 40.00 | 117336 | 0 | 35285 | X | |||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 957433 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 0 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 184913 | TotalOtherCompensation |
| Number Individuals GT100 K | 19 | NumberIndividualsGT100K |
| Formers Listed | 0 | FormersListed |
| Total Comp GT150 K | 1 | TotalCompGT150K |
| Compensation From Other Sources | 0 | CompensationFromOtherSources |
Contractor Compensation ContractorCompensation (5 entries)
| Address Line1AddressOfContractor/AddressUS/AddressLine1 | CityAddressOfContractor/AddressUS/City | StateAddressOfContractor/AddressUS/State | ZIP CodeAddressOfContractor/AddressUS/ZIPCode | Description Of ServicesDescriptionOfServices | CompensationCompensation |
|---|---|---|---|---|---|
| SORDONI CONSTRUCTION SERVICES | |||||
| 45 OWEN STREET | FORTY FORT | PA | 18704 | CONSTRUCTION SERVICES | 4047357 |
| CONGREGATION OF THE HOLY CROSS US PROVI | |||||
| 835 CLINTON AVE | BRIDGEPORT | CT | 06604 | ADMINISTRATIVE & FACULTY | 543954 |
| ELITE UNDERWRITING SERVICES | |||||
| 191 SHEREE BLVD | EXTON | PA | 19341 | INSURANCE PLAN/CONSULTING | 404461 |
| SODEXHO | |||||
| 4880 PAYSPHERE CIRCLE | CHICAGO | IL | 60674 | FACILITIES AND DINING SERVICE MANAGEMENT | 308382 |
| FIRST PRIORITY HEALTH | |||||
| 19 NORTH MAIN STREET | WILKES BARRE | PA | 18711 | HEALTH INSURANCE CLAIM PROCESSING | 251655 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of Contractors GT100 K | 12 | NumberOfContractorsGT100K |
| Fundraising Events | 30400 | FundraisingEvents |
| Government Grants | 2998059 | GovernmentGrants |
| All Other Contributions | 2615053 | AllOtherContributions |
| Total Contributions | 5643512 | TotalContributions |
Program Service Revenue ProgramServiceRevenue (5 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome | Unrelated Business RevenueUnrelatedBusinessRevenue |
|---|---|---|---|---|
| STUDENT TUITION & FEES | 611600 | 61164470 | 61164470 | |
| AUXILIARY (ROOM/BOARD) | 721310 | 11989664 | 11859573 | 130091 |
| INTERNAL PRINT REVENUE | 611600 | 97716 | 97716 | |
| TUITION DEP FRFEITURES | 611600 | 11382 | 11382 | |
| SPORTS TEAM INCOME | 711210 | 7940 | 7940 |
Total Oth Program Service Revenue TotalOthProgramServiceRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 12717 | TotalRevenueColumn |
| Related Or Exempt Function Income | 12717 | RelatedOrExemptFunctionIncome |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 73283889 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 2510606 | TotalRevenueColumn |
| Exclusion | $2,510,606 | ExclusionAmount |
Gross Rents GrossRents
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 208432 | Real |
Less Rental Expenses LessRentalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 153246 | Real |
Rental Income Or Loss RentalIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 55186 | Real |
Net Rental Income Or Loss NetRentalIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 55186 | TotalRevenueColumn |
| Unrelated Business Revenue | -2926 | UnrelatedBusinessRevenue |
| Exclusion | $58,112 | ExclusionAmount |
Gross Amount Sales Assets GrossAmountSalesAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 4691157 | Securities |
Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 2667205 | Securities |
Gain Or Loss GainOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 2023952 | Securities |
Net Gain Or Loss Investments NetGainOrLossInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 2023952 | TotalRevenueColumn |
| Exclusion | $2,023,952 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Income Fundraising Events | 10115 | GrossIncomeFundraisingEvents |
| Cntrbtns Rprtd Fundraising Events | 30400 | CntrbtnsRprtdFundraisingEvents |
| Fundraising Direct Expenses | 14275 | FundraisingDirectExpenses |
Net Income From Fundraising Events NetIncomeFromFundraisingEvents
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -4160 | TotalRevenueColumn |
| Exclusion | -$4,160 | ExclusionAmount |
Other Revenue Misc OtherRevenueMisc
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | FINES (LIBRARY & PRKG) | Description |
| Business Code | 812930 | BusinessCode |
| Total Revenue Column | 1777 | TotalRevenueColumn |
| Related Or Exempt Function Income | 1777 | RelatedOrExemptFunctionIncome |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Revenue | 1777 | TotalOtherRevenue |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 83514762 | TotalRevenueColumn |
| Related Or Exempt Function Income | 73155575 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 127165 | UnrelatedBusinessRevenue |
| Exclusion | $4,588,510 | ExclusionAmount |
Grants To Domestic Individuals GrantsToDomesticIndividuals
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 24863203 | Total |
| Program Services | 24863203 | ProgramServices |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 597634 | Total |
| Management And General | 395134 | ManagementAndGeneral |
| Fundraising | 202500 | Fundraising |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 25463392 | Total |
| Program Services | 22046905 | ProgramServices |
| Management And General | 2911677 | ManagementAndGeneral |
| Fundraising | 504810 | Fundraising |
Pension Plan Contributions PensionPlanContributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1809047 | Total |
| Program Services | 1578173 | ProgramServices |
| Management And General | 199376 | ManagementAndGeneral |
| Fundraising | 31498 | Fundraising |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 5949529 | Total |
| Program Services | 5037467 | ProgramServices |
| Management And General | 645675 | ManagementAndGeneral |
| Fundraising | 266387 | Fundraising |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1700919 | Total |
| Program Services | 1476357 | ProgramServices |
| Management And General | 192188 | ManagementAndGeneral |
| Fundraising | 32374 | Fundraising |
Fees For Services Legal FeesForServicesLegal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 122668 | Total |
| Management And General | 122668 | ManagementAndGeneral |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 96485 | Total |
| Management And General | 96485 | ManagementAndGeneral |
Fees For Services Other FeesForServicesOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1361372 | Total |
| Program Services | 1025204 | ProgramServices |
| Management And General | 322241 | ManagementAndGeneral |
| Fundraising | 13927 | Fundraising |
Advertising Advertising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 319972 | Total |
| Program Services | 296062 | ProgramServices |
| Management And General | 20903 | ManagementAndGeneral |
| Fundraising | 3007 | Fundraising |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2690722 | Total |
| Program Services | 1871973 | ProgramServices |
| Management And General | 740563 | ManagementAndGeneral |
| Fundraising | 78186 | Fundraising |
Information Technology InformationTechnology
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 814874 | Total |
| Program Services | 571804 | ProgramServices |
| Management And General | 218357 | ManagementAndGeneral |
| Fundraising | 24713 | Fundraising |
Royalties Royalties
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 156 | Total |
| Program Services | 156 | ProgramServices |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 3873167 | Total |
| Program Services | 3344889 | ProgramServices |
| Management And General | 486117 | ManagementAndGeneral |
| Fundraising | 42161 | Fundraising |
Travel Travel
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 574689 | Total |
| Program Services | 533443 | ProgramServices |
| Management And General | 21893 | ManagementAndGeneral |
| Fundraising | 19353 | Fundraising |
Conferences Meetings ConferencesMeetings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 90357 | Total |
| Program Services | 59194 | ProgramServices |
| Management And General | 23824 | ManagementAndGeneral |
| Fundraising | 7339 | Fundraising |
Interest Interest
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1638644 | Total |
| Program Services | 1630806 | ProgramServices |
| Management And General | 7838 | ManagementAndGeneral |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 3756650 | Total |
| Program Services | 3343419 | ProgramServices |
| Management And General | 375665 | ManagementAndGeneral |
| Fundraising | 37566 | Fundraising |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 413786 | Total |
| Program Services | 107190 | ProgramServices |
| Management And General | 306596 | ManagementAndGeneral |
Other Expenses OtherExpenses (4 entries)
| DescriptionDescription | TotalTotal | Program ServicesProgramServices | Management And GeneralManagementAndGeneral | FundraisingFundraising |
|---|---|---|---|---|
| FOOD | 1778490 | 1699935 | 36666 | 41889 |
| REPAIRS AND MAINTENANCE | 342569 | 330900 | 11669 | |
| ATHLETIC TEAM EXPENSES | 331661 | 331661 | ||
| DUES AND SUBSCRIPTIONS | 290483 | 166475 | 118891 | 5117 |
All Other Expenses AllOtherExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 359248 | Total |
| Program Services | 28600 | ProgramServices |
| Management And General | 324724 | ManagementAndGeneral |
| Fundraising | 5924 | Fundraising |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 79239717 | Total |
| Program Services | 70343816 | ProgramServices |
| Management And General | 7579150 | ManagementAndGeneral |
| Fundraising | 1316751 | Fundraising |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 115961 | BOY |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 571837 | BOY |
| EOY | 990391 | EOY |
Pledges And Grants Receivable PledgesAndGrantsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 5288107 | BOY |
| EOY | 5155211 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 3683408 | BOY |
| EOY | 1657172 | EOY |
Other Notes Loans Receivable Net OtherNotesLoansReceivableNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2534066 | BOY |
| EOY | 2453141 | EOY |
Inventories For Sale Or Use InventoriesForSaleOrUse
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 36639 | BOY |
| EOY | 37918 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 42029 | BOY |
| EOY | 354367 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 138930923 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 54942805 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 83489880 | BOY |
| EOY | 83988118 | EOY |
Investments Pub Traded Securities InvestmentsPubTradedSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1079349 | BOY |
| EOY | 3032831 | EOY |
Investments Other Securities InvestmentsOtherSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 42354802 | BOY |
| EOY | 50695677 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 6446467 | BOY |
| EOY | 13381691 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 145642545 | BOY |
| EOY | 161746517 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 4338835 | BOY |
| EOY | 4668490 | EOY |
Deferred Revenue DeferredRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2026008 | BOY |
| EOY | 1626569 | EOY |
Tax Exempt Bond Liabilities TaxExemptBondLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 31995000 | BOY |
| EOY | 45000000 | EOY |
Mort Notes Pybl Secured Invest Prop MortNotesPyblSecuredInvestProp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 120000 | BOY |
| EOY | 0 | EOY |
Unsecured Notes Loans Payable UnsecuredNotesLoansPayable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2735545 | BOY |
| EOY | 1427003 | EOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 7545348 | BOY |
| EOY | 5720013 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 48760736 | BOY |
| EOY | 58442075 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 50595044 | BOY |
| EOY | 54468420 | EOY |
Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 16103442 | BOY |
| EOY | 17030702 | EOY |
Permanently Restricted Net Assets PermanentlyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 30183323 | BOY |
| EOY | 31805320 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 96881809 | BOY |
| EOY | 103304442 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 145642545 | BOY |
| EOY | 161746517 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | X | InfoInScheduleOPartXI |
| Reconcilation Revenue Expenses | 4275045 | ReconcilationRevenueExpenses |
| Reconciliation Unrealized Invest | 259578 | ReconciliationUnrealizedInvest |
| Reconcilation Other Changes | 1888010 | ReconcilationOtherChanges |
| Info In Schedule O Part XII | X | InfoInScheduleOPartXII |
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | 0 | AccountantCompileOrReview |
| FS Audited | 1 | FSAudited |
FS Audited Basis FSAuditedBasis
| Field | Value | IRS element (for citing) |
|---|---|---|
| Financial Statement Separate | X | FinancialStatementSeparate |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | 1 | AuditCommittee |
| Federal Grant Audit Required | 1 | FederalGrantAuditRequired |
| Federal Grant Audit Performed | 1 | FederalGrantAuditPerformed |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| School170b1 Aii | X | School170b1Aii |
Schedule B IRS990ScheduleB
Contributor Info ContributorInfo
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor Number | RESTRICTED | ContributorNumber |
Contributor Name Business ContributorNameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor Address US ContributorAddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Aggregate Contributions | RESTRICTED | AggregateContributions |
Schedule D IRS990ScheduleD
Current Year CurrentYear
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 49703899 | BeginningOfYearBalance |
| Contributions | 1302555 | Contributions |
| Investment Earnings Or Losses | 4546155 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 1654445 | GrantsOrScholarships |
| Other Expenditures | -7500000 | OtherExpenditures |
| End Of Year Balance | 61398164 | EndOfYearBalance |
Current Year Minus1 Year CurrentYearMinus1Year
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 55315775 | BeginningOfYearBalance |
| Contributions | 3560210 | Contributions |
| Investment Earnings Or Losses | -75944 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 1596142 | GrantsOrScholarships |
| Other Expenditures | 7500000 | OtherExpenditures |
| End Of Year Balance | 49703899 | EndOfYearBalance |
Current Year Minus2 Years CurrentYearMinus2Years
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 48432886 | BeginningOfYearBalance |
| Contributions | 1085136 | Contributions |
| Investment Earnings Or Losses | 7869667 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 2071914 | GrantsOrScholarships |
| End Of Year Balance | 55315775 | EndOfYearBalance |
Current Year Minus3 Years CurrentYearMinus3Years
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 44686604 | BeginningOfYearBalance |
| Contributions | 1508921 | Contributions |
| Investment Earnings Or Losses | 4500781 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 2263420 | GrantsOrScholarships |
| End Of Year Balance | 48432886 | EndOfYearBalance |
Current Year Minus4 Years CurrentYearMinus4Years
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 61779947 | BeginningOfYearBalance |
| Contributions | 1610755 | Contributions |
| Investment Earnings Or Losses | -16834873 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 1869225 | GrantsOrScholarships |
| End Of Year Balance | 44686604 | EndOfYearBalance |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated EOY Balance | 0.27620 | BoardDesignatedEOYBalance |
| Permanent Endowment EOY Balance | 0.51800 | PermanentEndowmentEOYBalance |
| Term Endowment EOY Balance | 0.20580 | TermEndowmentEOYBalance |
| Endowments Held By Unrelated Orgs | 1 | EndowmentsHeldByUnrelatedOrgs |
| Endowments Held By Related Orgs | 0 | EndowmentsHeldByRelatedOrgs |
Land Land
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 17152300 | OtherCostOrOtherBasis |
| Book Value | 17152300 | BookValue |
Buildings Buildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 92476481 | OtherCostOrOtherBasis |
| Depreciation | 36018965 | Depreciation |
| Book Value | 56457516 | BookValue |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 28960601 | OtherCostOrOtherBasis |
| Depreciation | 18923840 | Depreciation |
| Book Value | 10036761 | BookValue |
Other Land Buildings OtherLandBuildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 341541 | OtherCostOrOtherBasis |
| Book Value | 341541 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 83988118 | TotalOfBookValueLandBuildings |
Closely Held Equity Interests CloselyHeldEquityInterests
| Field | Value | IRS element (for citing) |
|---|---|---|
| Book Value | 6730598 | BookValue |
| Method Of Valuation | F | MethodOfValuation |
Other Securities OtherSecurities (4 entries)
| DescriptionDescription | Book ValueBookValue | Method Of ValuationMethodOfValuation |
|---|---|---|
| HIGHBRIDGE CAPITAL | 82191 | F |
| BAY RESOURCE PARTNERS | 28094 | F |
| ONE WILLIAM ST. OFFSHORE FD | 1744549 | F |
| BENEFICIAL INTERESTS IN ASSETS HELD BY OTHERS | 42110245 | F |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Securities | 50695677 | TotalOfBookValueSecurities |
Other Assets OtherAssets (3 entries)
| DescriptionDescription | Book ValueBookValue |
|---|---|
| DEFERRED FINANCING COSTS | 246627 |
| BENEFICIAL INTEREST IN PERPETUAL TRUSTS | 6398814 |
| DEPOSITS WITH BOND TRUSTEE | 6736250 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Other Assets | 13381691 | TotalBookValueOtherAssets |
Other Liabilities OtherLiabilities (3 entries)
| DescriptionDescription | AmountAmount |
|---|---|
| AGENCY FUNDS PAYABLE | $529,887 |
| REFUNDABLE ADVANCES - GRANTS | $1,928,428 |
| FAIR VALUE - INTEREST RATE SWAP | $3,261,698 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 5720013 | TotalOfAmounts |
| Footnote In Part XIII | X | FootnoteInPartXIII |
| Tot Revenue Etc Audited Fincl Stmt | 62086756 | TotRevenueEtcAuditedFinclStmt |
| Net Unrealized Gains Investments | 259578 | NetUnrealizedGainsInvestments |
| Other Revenues | -21840830 | OtherRevenues |
| Revenue Not Rptd F990 | -21581252 | RevenueNotRptdF990 |
| Revenue Subtotal | 83668008 | RevenueSubtotal |
| Other Revenues Not Included | -153246 | OtherRevenuesNotIncluded |
| Revenue Not Rptd On Fin Stmt | -153246 | RevenueNotRptdOnFinStmt |
| Total Revenue Per Form990 | 83514762 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 55664123 | TotExpensesEtcAuditedFinclStmt |
| Other Expenses Included | 153246 | OtherExpensesIncluded |
| Expenses Not Rptd F990 | 153246 | ExpensesNotRptdF990 |
| Expenses Subtotal | 55510877 | ExpensesSubtotal |
| Other Expenses Not Included | 23728840 | OtherExpensesNotIncluded |
| Expenses Not Rptd On Fin Stmt | 23728840 | ExpensesNotRptdOnFinStmt |
| Total Expenses Per Form990 | 79239717 | TotalExpensesPerForm990 |
Form990 Schedule D Part XIII Form990ScheduleDPartXIII (6 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: | PART V, LINE 4: | PART V, LINE 4: THE COLLEGE'S ENDOWMENT IS USED TO PROVIDE SCHOLARSHIPS TO STUDENTS AND PROVIDE FUNDS TO OFFSET FACULTY SALARIES AND DEVELOPMENT COSTS. |
| 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 IS MET. MANAGEMENT HAS DETERMINED THAT THERE WERE NO TAX UNCERTAINTIES THAT MET THE RECOGNITION THRESHOLD IN FISCAL YEAR 2013 AND 2012. THE COLLEGE'S POLICY IS TO RECOGNIZE INTEREST RELATED TO UNRECOGNIZED TAX BENEFITS IN INTEREST EXPENSE AND PENALTIES IN OPERATING EXPENSES. 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: | INSTITUTIONALLY FUNDED FINANCIAL AID -23,728,840. UNREALIZED GAINS ON INTEREST RATE SWAPS 1,567,125. CHANGES IN BENEFICIAL INTEREST IN PERPETUAL TRUSTS 320,885. | |
| PART XI, LINE 4B - OTHER ADJUSTMENTS: | RENTAL EXPENSES -153,246. | |
| PART XII, LINE 2D - OTHER ADJUSTMENTS: | RENTAL EXPENSES 153,246. NET UNREALIZED LOSSES ON INVESTMENTS | |
| PART XII, LINE 4B - OTHER ADJUSTMENTS: | INSTITUTIONALLY FUNDED FINANCIAL AID 23,728,840. |
Schedule E IRS990ScheduleE
| Field | Value | IRS element (for citing) |
|---|---|---|
| Nondiscriminatory Policy Stmt | 1 | NondiscriminatoryPolicyStmt |
| Policy Statement In Brochures Etc | 1 | PolicyStatementInBrochuresEtc |
| Policy Publ Via Broadcast Media | 0 | PolicyPublViaBroadcastMedia |
| Maint Racial Composition Records | 1 | MaintRacialCompositionRecords |
| Maint Scholarships Records | 1 | MaintScholarshipsRecords |
| Maint Copies Of Brochures Etc | 1 | MaintCopiesOfBrochuresEtc |
| Maint Copies Of All Solicitations | 1 | MaintCopiesOfAllSolicitations |
| Discriminate Race Students Rights | 0 | DiscriminateRaceStudentsRights |
| Discriminate Race Admiss Policies | 0 | DiscriminateRaceAdmissPolicies |
| Discriminate Race Emplmn Faculty | 0 | DiscriminateRaceEmplmnFaculty |
| Discriminate Race Scholarships | 0 | DiscriminateRaceScholarships |
| Discriminate Race Educ Policies | 0 | DiscriminateRaceEducPolicies |
| Discriminate Race Use Of Fclts | 0 | DiscriminateRaceUseOfFclts |
| Discriminate Race Athletic Prog | 0 | DiscriminateRaceAthleticProg |
| Discriminate Race Other Acty | 0 | DiscriminateRaceOtherActy |
| Government Financial Aid Received | 1 | GovernmentFinancialAidReceived |
| Government Financial Aid Revoked | 0 | GovernmentFinancialAidRevoked |
| Compliance With Rev Proc7550 | 1 | ComplianceWithRevProc7550 |
Form990 Schedule E Part II Form990ScheduleEPartII (2 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| EXPLANATION OF NONDISCRIMINATORY POLICY PUBLICATION | SCHEDULE E, PART I, LINE 3 | THE COLLEGE'S BROADCAST ADVERTISEMENTS DO NOT SPECIFICALLY INCLUDE ITS NONDISCRIMINATION POLICIES. THESE POLICIES ARE EXPLICITLY STATED IN ALL PRINTED BROCHURES, CATALOGS, AND ON THE COLLEGE'S WEBSITE. |
| EXPLANATION OF GOVERNMENT FINANCIAL ASSISTANCE | SCHEDULE E, PART I, LINE 6 | KING'S COLLEGE RECEIVES OPERATING FUNDS DESIGNATED BY GOVERNMENT FUNDING AGENCIES FOR PARTICULAR OPERATING PURPOSES. CERTAIN STUDENTS OF THE COLLEGE WERE RECIPIENTS OF GRANTS UNDER THE PENNSYLVANIA HIGHER EDUCATION ASSISTANCE ACT. THE COLLEGE ACTS AS THE CUSTODIAN AND DISBURSING AGENT FOR THESE FUNDS. |
Schedule G IRS990ScheduleG
Events Information EventsInformation
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Event1 | FATHER FARBER GOLF TOURNAMENT | NameOfEvent1 |
| Gross Receipts Event1 | 40515 | GrossReceiptsEvent1 |
| Charitable Contributions Event1 | 30400 | CharitableContributionsEvent1 |
| Gross Revenue Event1 | 10115 | GrossRevenueEvent1 |
| Cash Prizes Event1 | 0 | CashPrizesEvent1 |
| Non Cash Prizes Event1 | 4182 | NonCashPrizesEvent1 |
| Rent Facility Costs Event1 | 7468 | RentFacilityCostsEvent1 |
| Other Direct Expenses Event1 | 2625 | OtherDirectExpensesEvent1 |
| Gross Receipts Total | 40515 | GrossReceiptsTotal |
| Charitable Contributions Total | 30400 | CharitableContributionsTotal |
| Gross Revenue Total Events | 10115 | GrossRevenueTotalEvents |
| Non Cash Prizes Total Events | 4182 | NonCashPrizesTotalEvents |
| Rent Facility Costs Total Events | 7468 | RentFacilityCostsTotalEvents |
| Other Direct Expenses Total Events | 2625 | OtherDirectExpensesTotalEvents |
| Direct Expense Summary Events | 14275 | DirectExpenseSummaryEvents |
| Net Income Summary | -4160 | NetIncomeSummary |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Records Maintained | 1 | RecordsMaintained |
Form990 Schedule I Part III Form990ScheduleIPartIII (3 entries)
| Type Of GrantTypeOfGrant | Number Of RecipientsNumberOfRecipients | Amount Of Cash GrantAmountOfCashGrant |
|---|---|---|
| COLLEGE ENDOWED SCHOLARSHIPS | 2110 | 23728840 |
| EPAT GRANT; SCHOLARSHIP | 12 | 191000 |
| HOLY CROSS MISSION DEVELOPMENT SCHOLARSHIP | 3 | 6763 |
Form990 Schedule I Part IV Form990ScheduleIPartIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | PROCEDURE FOR MONITORING GRANTS IN THE U.S.: | Identifier |
| Return Reference | PART I, LINE 2: | ReturnReference |
| Explanation | SCHEDULE I, PART I, LINE 2: THE COLLEGE'S FINANCIAL AID OFFICE EVALUATES EACH STUDENT'S FINANCIAL NEED, AS DETERMINED THROUGH INFORMATION PROVIDED ON THE STUDENT FREE APPLICATION FOR FEDERAL STUDENT AID (FAFSA). MANAGEMENT AWARDS MERIT SCHOLARSHIPS TO INDIVIDUALS THAT QUALIFY, BASED ON DONOR STIPULATIONS (I.E. SPECIFIC MAJORS, LOCALITY, ETC.) AND AWARDS FEDERAL, STATE, AND PRIVATE NEED BASED AWARDS TO PROVIDE ADDITIONAL RESOURCES TO STUDENTS FOR THEIR HIGHER EDUCATION. INDIVIDUALS RECEIVING AWARDS ARE ON CAMPUS AND MEET WITH FINANCIAL AID COUNSELORS TO ENSURE STUDENTS ARE IN FACT WITHIN THE U.S. | Explanation |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Club Dues Or Fees | X | ClubDuesOrFees |
| Written Policy Re T And E Expenses | 1 | WrittenPolicyReTAndEExpenses |
| Substantiation Required | 1 | SubstantiationRequired |
| Compensation Committee | X | CompensationCommittee |
| Form990 Of Other Organizations | X | Form990OfOtherOrganizations |
| Compensation Survey | X | CompensationSurvey |
| Board Or Committee Approval | X | BoardOrCommitteeApproval |
| Severance Payment | 0 | SeverancePayment |
| Supplemental Nonqual Retire Plan | 0 | SupplementalNonqualRetirePlan |
| Equity Based Comp Arrangement | 0 | EquityBasedCompArrangement |
| Comp Based On Revenue Of Filing Org | 0 | CompBasedOnRevenueOfFilingOrg |
| Comp Based On Revenue Related Orgs | 0 | CompBasedOnRevenueRelatedOrgs |
| Comp Based Net Earnings Filing Org | 0 | CompBasedNetEarningsFilingOrg |
| Comp Based Net Earnings Relate Orgs | 0 | CompBasedNetEarningsRelateOrgs |
| Any Non Fixed Payments | 0 | AnyNonFixedPayments |
| Initial Contract Exception | 0 | InitialContractException |
Form990 Schedule J Part II Form990ScheduleJPartII (7 entries)
| TitleTitle | Base Compensation Filing OrgBaseCompensationFilingOrg | Comp Based On Related OrgsCompBasedOnRelatedOrgs | Bonus Filing OrgBonusFilingOrg | Bonus Related OrgsBonusRelatedOrgs | Other Compensation Filing OrgOtherCompensationFilingOrg | Other Compensation Related OrgsOtherCompensationRelatedOrgs | Deferred Comp Filing OrgDeferredCompFilingOrg | Deferred Comp Related OrgsDeferredCompRelatedOrgs | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrg | Nontaxable Benefits Related OrgsNontaxableBenefitsRelatedOrgs | Total Compensation Filing OrgTotalCompensationFilingOrg | Total Compensation Related OrgsTotalCompensationRelatedOrgs | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrg | Comp Report Prior990 Related OrgsCompReportPrior990RelatedOrgs |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| LISA MARIE MCCAULEY | ||||||||||||||
| VP FINANCE/TREASURER | 155035 | 0 | 0 | 0 | 0 | 0 | 5680 | 0 | 14096 | 0 | 174811 | 0 | 0 | 0 |
| FREDERICK PETTIT | ||||||||||||||
| VP - INSTUTIONAL ADVANCEMENT | 151933 | 0 | 0 | 0 | 0 | 0 | 12574 | 0 | 2957 | 0 | 167464 | 0 | 0 | 0 |
| DR BERNARD HEALEY | ||||||||||||||
| PROFESSOR | 132379 | 0 | 0 | 0 | 0 | 0 | 10282 | 0 | 12333 | 0 | 154994 | 0 | 0 | 0 |
| NICHOLAS HOLODICK EDD | ||||||||||||||
| VP - ACADEMIC AFFAIRS | 148374 | 0 | 0 | 0 | 0 | 0 | 12671 | 0 | 14994 | 0 | 176039 | 0 | 0 | 0 |
| BARRY WILLIAMS CPA JD | ||||||||||||||
| DEAN - BUSINESS SCHOOL | 129900 | 0 | 0 | 0 | 0 | 0 | 11531 | 0 | 15787 | 0 | 157218 | 0 | 0 | 0 |
| MS JANET MERCINCAVAGE | ||||||||||||||
| VP OF STUDENT AFFAIRS | 122476 | 0 | 0 | 0 | 0 | 0 | 12136 | 0 | 16071 | 0 | 150683 | 0 | 0 | 0 |
| PAUL MORAN | ||||||||||||||
| EXECUTIVE DIRECTOR - IITS | 117336 | 0 | 0 | 0 | 0 | 0 | 10509 | 0 | 24776 | 0 | 152621 | 0 | 0 | 0 |
Form990 Schedule J Part III Form990ScheduleJPartIII (2 entries)
| Return ReferenceReturnReference | ExplanationExplanation |
|---|---|
| PART I, LINE 1A | THE COLLEGE PAID THE INITIATION FEES AND MONTHLY DUES MEMBERSHIPS FOR FR. JOHN RYAN, C.S.C., DR. NICHOLAS HOLODICK, AND MR. FREDERICK PETTIT TO THE WESTMORELAND CLUB. THE WESTMORELAND CLUB IS A NON-PROFIT SOCIAL CLUB USED BY MEMBERS OF MANAGEMENT TO HOST MEETINGS WITH BUSINESS PARTNERS OF THE COLLEGE, BOARD MEMBERS, POTENTIAL DONORS, FACULTY AND STAFF. FR. JOHN RYAN, C.S.C., DR. NICHOLAS HOLODICK, AND MR. FREDERICK PETTIT WERE NOT TAXED ON THE MEMBERSHIP DUES PAID BY THE COLLEGE ON THEIR BEHALF. |
| PART I, LINE 1B | THE EXPENSES INCURRED AT THE WESTMORELAND CLUB ARE SUBJECT TO THE DOCUMENTATION REQUIREMENTS OF THE COLLEGE. |
Schedule K IRS990ScheduleK
Form990 Schedule K Part I Form990ScheduleKPartI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
Issuer Name IssuerName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CITY OF WILKES-BARRE FINANCE AUTHORITY | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Issuer EIN | 205684698 | IssuerEIN |
| Date Issued | 2013-06-03 | DateIssued |
| Issue Price | 45000000 | IssuePrice |
| Description Of Purpose | CURRENT REFUNDING OF VRDB'S, AUX GYM CONSTRUCTION, ACQUISITION & RENOVATION. | DescriptionOfPurpose |
| Defeased | 0 | Defeased |
| On Behalf Of Issuer | 0 | OnBehalfOfIssuer |
| Pool Financing | 0 | PoolFinancing |
Form990 Schedule K Part II Form990ScheduleKPartII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
| Total Proceeds | 45000000 | TotalProceeds |
| Issuance Costs From Proceeds | 238750 | IssuanceCostsFromProceeds |
| Capital Expenditures | 7500000 | CapitalExpenditures |
| Other Spent Proceeds | 30475000 | OtherSpentProceeds |
| Amount Unspent | 6786250 | AmountUnspent |
| Year Of Subst Completion | 2014 | YearOfSubstCompletion |
| Current Refunding | 1 | CurrentRefunding |
| Advance Refunding | 0 | AdvanceRefunding |
| Final Allocation Made | 1 | FinalAllocationMade |
| Adequate Books And Recds Maintaind | 1 | AdequateBooksAndRecdsMaintaind |
Form990 Schedule K Part III Form990ScheduleKPartIII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
| Owning Bond Financed Property | 0 | OwningBondFinancedProperty |
| Any Lease Arrangements | 0 | AnyLeaseArrangements |
| Mngment Cntrct Bond Financd Prprty | 1 | MngmentCntrctBondFinancdPrprty |
| Engage Bond Counsel Contracts | 1 | EngageBondCounselContracts |
| Any Research Agreements | 0 | AnyResearchAgreements |
| Bond Iss Meet Prvt Security Pay Test | 0 | BondIssMeetPrvtSecurityPayTest |
| Change In Use Bond Financed Prop | 0 | ChangeInUseBondFinancedProp |
| Non Qualified Bond Remed Procdrs | 1 | NonQualifiedBondRemedProcdrs |
Form990 Schedule K Part IV Form990ScheduleKPartIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
| Form8038 T Filed | 1 | Form8038TFiled |
| Variable Rate Issue | 1 | VariableRateIssue |
| Hedge Identified In Books And Recds | 1 | HedgeIdentifiedInBooksAndRecds |
Name Of Hedge Provider NameOfHedgeProvider
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | PNC CAPITAL MARKETS | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Term Of Hedge | 18.000000000000 | TermOfHedge |
| Superintegrated Hedge | 1 | SuperintegratedHedge |
| Hedge Terminated | 0 | HedgeTerminated |
| Gross Proceeds Invested In GIC | 0 | GrossProceedsInvestedInGIC |
| Gross Proceeds Invested | 0 | GrossProceedsInvested |
| Written Proc To Monitor Reqs | 1 | WrittenProcToMonitorReqs |
Form990 Schedule K Part V Form990ScheduleKPartV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
| Proc To Undertk Corrective Action | 1 | ProcToUndertkCorrectiveAction |
Schedule L IRS990ScheduleL
Form990 Schedule L Part IV Form990ScheduleLPartIV (12 entries)
| RelationshipRelationship | Amount Of TransactionAmountOfTransaction | Description Of TransactionDescriptionOfTransaction | Sharing Of RevenuesSharingOfRevenues |
|---|---|---|---|
| CHARLES PARENTE | |||
| DIRECTOR | 158732 | LACKAWANNA AMERICAN INSURANCE (LAI) MAINTAINS THE COLLEGE'S WORKERS COMPENSATION POLICY. LAI IS A WHOLLY OWNED SUBSIDIARY OF LACKAWANNA CASUALTY COMPANY (LCC). LCC IS OWNED BY PAGNOTTI ENTERPRISES. MR. PARENTE IS A MINORITY OWNER AND OFFICER OF PAGNOTTI ENTERPRISES.ALL TRANSACTIONS WITH LACKAWANNA CASUALTY COMPANY AND PAGNOTTI ENTERPRISES WERE CONDUCTED AT ARM'S LENGTH. | 0 |
| GERTRUDE C MCGOWAN ESQ | |||
| DIRECTOR | 251655 | MS. MCGOWAN IS A VICE PRESIDENT OF FIRST PRIORITY HEALTH. FIRST PRIORITY PROCESSES MEDICAL CLAIMS ON BEHALF OF THE COLLEGE. THE PAYMENT AMOUNT REPRESENTS AN ADMINISTRATIVE FEE PAID. THE COLLEGE IS SELF INSURED AND PAYS ALL MEDICAL CLAIMS.ALL TRANSACTIONS WITH FIRST PRIORITY HEALTH WERE CONDUCTED AT ARM'S LENGTH. | 0 |
| SCOTT HENRY | |||
| DIRECTOR | 109571 | MR. HENRY IS THE OWNER OF MARTZ TRAILWAYS. THE COLLEGE PAID MARTZ TRAILWAYS FOR TRANSPORTATION SERVICES. ALL TRANSACTIONS WITH MARTZ TRAILWAYS WERE CONDUCTED AT ARM'S LENGTH. | 0 |
| CHARLES PARENTE | |||
| DIRECTOR | 4047357 | MR. PARENTE IS A MINORITY OWNER OF SORDONI CONSTRUCTION SERVICES, INC. THE COLLEGE PAID CONSTRUCTION RELATED COSTS TO SORDONI CONSTRUCTION SERVICES, INC. IN CONNECTION WITH THE CONSTRUCTION OF A NEW AUXILIARY GYMNASIUM. ALL TRANSACTIONS WITH SORDONI CONSTRUCTION SERVICES, INC. WERE CONDUCTED AT ARM'S LENGTH. | 0 |
| CHARLES PARENTE | |||
| DIRECTOR | 1717083 | MR. PARENTE IS A LIMITED PARTNER OF FRIENDS OF KING'S, LLP, WHICH IS A PARTNER OF RPG KING'S, LP. THE COLLEGE ENTERED INTO A LEASE AGREEMENT WITH RPG KING'S, LP, IN CONJUNCTION WITH A MULTIUSE BUILDING ADJACENT TO THE COLLEGE'S CAMPUS. THE BUILDING CONSISTS PRIMARILY OF STUDENT HOUSING AND VARIOUS RETAIL SUITES. THE DISCLOSED AMOUNT REFLECTS THE CASH PAID BY THE COLLEGE TO RPG KING'S, LP IN CONJUNCTION WITH THE STATED LEASE AGREEMENT, INCLUDING REIMBURSABLE COSTS. THE ORIGINAL LEASE TERM IS THIRTY YEARS, WITH A PURCHASE OPTION AVAILABLE AFTER SEVEN YEARS. | 0 |
| MARK DECESARIS | |||
| VICE CHAIRMAN | 1717083 | MR. DECESARIS IS A LIMITED PARTNER OF FRIENDS OF KING'S, LLP, WHICH IS A PARTNER OF RPG KING'S, LP. THE COLLEGE ENTERED INTO A LEASE AGREEMENT WITH RPG KING'S, LP, IN CONJUNCTION WITH A MULTIUSE BUILDING ADJACENT TO THE COLLEGE'S CAMPUS. THE BUILDING CONSISTS PRIMARILY OF STUDENT HOUSING AND VARIOUS RETAIL SUITES. THE DISCLOSED AMOUNT REFLECTS THE CASH PAID BY THE COLLEGE TO RPG KING'S, LP IN CONJUNCTION WITH THE STATED LEASE AGREEMENT, INCLUDING REIMBURSABLE COSTS. THE ORIGINAL LEASE TERM IS THIRTY YEARS, WITH A PURCHASE OPTION AVAILABLE AFTER SEVEN YEARS. | 0 |
| MICHAEL MOLEWSKI | |||
| DIRECTOR | 1717083 | MR. MOLEWSKI IS A LIMITED PARTNER OF FRIENDS OF KING'S, LLP, WHICH IS A PARTNER OF RPG KING'S, LP. THE COLLEGE ENTERED INTO A LEASE AGREEMENT WITH RPG KING'S, LP, IN CONJUNCTION WITH A MULTIUSE BUILDING ADJACENT TO THE COLLEGE'S CAMPUS. THE BUILDING CONSISTS PRIMARILY OF STUDENT HOUSING AND VARIOUS RETAIL SUITES. THE DISCLOSED AMOUNT REFLECTS THE CASH PAID BY THE COLLEGE TO RPG KING'S, LP IN CONJUNCTION WITH THE STATED LEASE AGREEMENT, INCLUDING REIMBURSABLE COSTS. THE ORIGINAL LEASE TERM IS THIRTY YEARS, WITH A PURCHASE OPTION AVAILABLE AFTER SEVEN YEARS. | 0 |
| RICHARD PINOLA | |||
| DIRECTOR | 1717083 | MR. PINOLA IS A LIMITED PARTNER OF FRIENDS OF KING'S, LLP, WHICH IS A PARTNER OF RPG KING'S, LP. THE COLLEGE ENTERED INTO A LEASE AGREEMENT WITH RPG KING'S, LP, IN CONJUNCTION WITH A MULTIUSE BUILDING ADJACENT TO THE COLLEGE'S CAMPUS. THE BUILDING CONSISTS PRIMARILY OF STUDENT HOUSING AND VARIOUS RETAIL SUITES. THE DISCLOSED AMOUNT REFLECTS THE CASH PAID BY THE COLLEGE TO RPG KING'S, LP IN CONJUNCTION WITH THE STATED LEASE AGREEMENT, INCLUDING REIMBURSABLE COSTS. THE ORIGINAL LEASE TERM IS THIRTY YEARS, WITH A PURCHASE OPTION AVAILABLE AFTER SEVEN YEARS. | 0 |
| EBERHARD FABER | |||
| DIRECTOR | 1717083 | MR. FABER IS A LIMITED PARTNER OF FRIENDS OF KING'S, LLP, WHICH IS A PARTNER OF RPG KING'S, LP. THE COLLEGE ENTERED INTO A LEASE AGREEMENT WITH RPG KING'S, LP, IN CONJUNCTION WITH A MULTIUSE BUILDING ADJACENT TO THE COLLEGE'S CAMPUS. THE BUILDING CONSISTS PRIMARILY OF STUDENT HOUSING AND VARIOUS RETAIL SUITES. THE DISCLOSED AMOUNT REFLECTS THE CASH PAID BY THE COLLEGE TO RPG KING'S, LP IN CONJUNCTION WITH THE STATED LEASE AGREEMENT, INCLUDING REIMBURSABLE COSTS. THE ORIGINAL LEASE TERM IS THIRTY YEARS, WITH A PURCHASE OPTION AVAILABLE AFTER SEVEN YEARS. | 0 |
| Y JUDD SHOVAL | |||
| DIRECTOR EMERITUS | 729846 | MR. SHOVAL IS AN OFFICER OF AMBIT FUNDING. THE COLLEGE IS AN INVESTOR IN AMBIT FUNDING. THE AMOUNT REFLECTS THE FAIR VALUE OF THE INVESTMENT AS OF YEAR-END, IN ACCORDANCE WITH GENNERALLY ACCEPTED ACCOUNTING PRINCIPLES. | 0 |
| JOHN O'BRIEN | |||
| DIRECTOR | 1717083 | MR. O'BRIEN IS A LIMITED PARTNER OF FRIENDS OF KING'S, LLP, WHICH IS A PARTNER OF RPG KING'S, LP. THE COLLEGE ENTERED INTO A LEASE AGREEMENT WITH RPG KING'S, LP, IN CONJUNCTION WITH A MULTIUSE BUILDING ADJACENT TO THE COLLEGE'S CAMPUS. THE BUILDING CONSISTS PRIMARILY OF STUDENT HOUSING AND VARIOUS RETAIL SUITES. THE DISCLOSED AMOUNT REFLECTS THE CASH PAID BY THE COLLEGE TO RPG KING'S, LP IN CONJUNCTION WITH THE STATED LEASE AGREEMENT, INCLUDING REIMBURSABLE COSTS. THE ORIGINAL LEASE TERM IS THIRTY YEARS, WITH A PURCHASE OPTION AVAILABLE AFTER SEVEN YEARS. | 0 |
| JOSEPH KLUGER | |||
| DIRECTOR | 92791 | MR. KLUGER IS A PARTNER AT THE LAW FIRM OF HOURIGAN, KLUGER, AND QUINN. THE COLLEGE PAID FOR LEGAL SERVICES PERFORMED BY HOURIGAN, KLUGER, AND QUINN. | 0 |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (11 entries)
| Return ReferenceReturnReference | ExplanationExplanation | IdentifierIdentifier |
|---|---|---|
| FORM 990, PART VI, SECTION A, LINE 2 | ATTY. JOE KLUGER (DIRECTOR) AND ATTY. ALLAN KLUGER (DIRECTOR EMERITUS) HAVE A FAMILY RELATIONSHIP. MARK DECESARIS (VICE CHAIRMAN), EBERHARD FABER (DIRECTOR), AND CHARLES PARENTE (DIRECTOR) HAVE BUSINESS RELATIONSHIPS. REV. THOMAS O'HARA, C.S.C. IS THE PROVINCIAL OF THE U.S. PROVINCE OF HOLY CROSS. THE PRESIDENT OF KING'S COLLEGE, FR. JOHN J. RYAN, C.S.C. (ALONG WITH ALL OTHER PRIESTS AND BROTHERS ON CAMPUS) ARE MEMBERS OF THE U.S. PROVINCE OF HOLY CROSS. THE PRIESTS THAT ARE MEMBERS OF THE BOARD OF DIRECTORS ARE ALSO MEMBERS OF THE U.S. PROVINCE. | |
| FORM 990, PART VI, SECTION A, LINE 3 | THE MANAGEMENT OF THE DINING SERVICES AND FACILITIES DEPARTMENTS ARE CONTRACTED OUT TO SODEXO. THE RESPECTIVE MANAGERS FROM SODEXO REPORT TO THE COLLEGE'S CFO AND ULTIMATE DECISION MAKING RESTS WITH THE CFO, INCLUDING PERSONNEL DECISIONS. | |
| FORM 990, PART VI, SECTION A, LINE 6 | THE MEMBERS OF THE CORPORATION OF KING'S COLLEGE INCLUDE ALL FULL-FLEDGED MEMBERS OF THE CONGREGATION OF HOLY CROSS WHOSE OFFICIAL ASSIGNMENT IS DIRECTLY RELATED TO KING'S COLLEGE. THE MEMBERS MEET AT LEAST ANNUALLY AND AS OFTEN AS DEEMED NECESSARY BY THE MEMBERS, CORPORATE OFFICERS OR BOARD OF DIRECTORS. | |
| FORM 990, PART VI, SECTION A, LINE 7A | THE MEMBERS OF THE CORPORATION, THROUGH CONSULTATION WITH VARIOUS BOARD COMMITTEES, ELECT THE BOARD OF DIRECTORS. THE BOARD OF DIRECTORS ACTS AS THE GOVERNING BODY OF THE COLLEGE. | |
| FORM 990, PART VI, SECTION B, LINE 11 | THE FORM 990 IS PROVIDED TO THE COLLEGE'S AUDIT COMMITTEE, IN DRAFT FORM, DURING A REGULARLY SCHEDULED MEETING. THE INFORMATION PRESENTED TO THE COMMITTEE MEMBERS IS PROVIDED TO THEM PRIOR TO THE MEETING DATE. THE COMMITTEE MEMBERS REVIEW THE 990 INDIVIDUALLY AND RAISE QUESTIONS AND CONCERNS REGARDING THE INFORMATION PRESENTED TO MANAGEMENT DURING THE MEETING. FOLLOWING DISCUSSION, MEMBERS OF THE COMMITTEE VOTE TO AUTHORIZE THE COLLEGE'S MANAGEMENT TO SUBMIT THE FORM 990, AS PRESENTED OR WITH IDENTIFIED CHANGES. FOLLOWING THE APPROVAL BY THE AUDIT COMMITTEE THE FINAL FORM 990 IS DISTRIBUTED TO EACH BOARD MEMBER AND POSTED TO A SECURE WEBSITE ACCESSIBLE BY BOARD MEMBERS. FOLLOWING A THIRTY DAY REVIEW PERIOD, MANAGEMENT WILL AUTHORIZE THE FILING OF THE FORM. | |
| FORM 990, PART VI, SECTION B, LINE 12C | THE CHAIRMAN OF THE BOARD DISTRIBUTES, EXPLAINS, AND COLLECTS COMPLETED CONFLICT OF INTEREST STATEMENTS. THESE STATEMENTS ARE REVIEWED BY THE BUSINESS OFFICE WHO OBTAINS ADDITIONAL INFORMATION, IF REQUIRED. THE CHAIRMAN OF THE BOARD ATTENDS ALL BOARD MEETINGS WHERE ACTIONS ARE VOTED ON TO ENSURE INDIVIDUALS WITH POTENTIAL CONFLICTS OF INTEREST DO NOT PROVIDE COMMENTARY OR PARTICIPATE IN THE EVALUATION OF THE TRANSACTION. THESE INDIVIDUALS ARE ALSO FORBIDDEN TO VOTE ON ACTIONS WHERE POTENTIAL CONFLICTS ARE PRESENT. | |
| FORM 990, PART VI, SECTION B, LINE 15 | THE COLLEGE'S BOARD OF DIRECTORS CONTAINS AN EXECUTIVE COMPENSATION COMMITTEE TO DETERMINE THE COMPENSATION OF THE CEO AND VARIOUS VICE PRESIDENTS. COMPENSATION IS BASED ON AN EVALUATION OF SALARIES PAID TO INDIVIDUALS AT COMPARABLE INSTITUTIONS OF HIGHER EDUCATION, WITHIN SIMILAR GEOGRAPHICAL REGIONS. THIS INFORMATION IS ACCUMULATED THROUGH DATA PUBLISHED BY THE EASTERN ASSOCIATION OF COLLEGE AND UNIVERSITY BUSINESS OFFICERS (EACUBO). FOLLOWING REVIEW OF COMPARABLE DATA, THE CEO PREPARES PERFORMANCE EVALUATIONS ON THE VARIOUS VICE PRESIDENTS WITHIN THE COLLEGE, BASED ON ESTABLISHED CRITERIA. THE CEO SUBMITS SALARY RECOMMENDATIONS FOR THESE POSITIONS TO THE BOARD'S EXECUTIVE COMPENSATION COMMITTEE FOR ULTIMATE APPROVAL. THE CEO PERFORMANCE EVALUATION IS PERFORMED BY THE EXECUTIVE COMPENSATION COMMITTEE AND A SALARY RECOMMENDATION IS PRESENTED AND APPROVED FOLLOWING THAT PROCESS. | |
| FORM 990, PART VI, SECTION C, LINE 18 | THE COLLEGE MAINTAINS PUBLIC INSPECTION COPIES OF FORMS 990 AND FORM 990-T IN THE COLLEGE'S BUSINESS OFFICE DURING REGULARLY SCHEDULED HOURS. FURTHER, A COPY OF THE FORM 990 IS AVAILABLE ON THE WORLD WIDE WEB AT WWW.GUIDESTAR.ORG. | |
| FORM 990, PART VI, SECTION C, LINE 19 | THE COLLEGE DOES NOT MAKE ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, OR FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC. | |
| FORM 990, PART XI, LINE 9: | UNREALIZED LOSSES ON INTEREST RATE SWAPS 1,567,125. CHANGES IN BENEFICIAL INTEREST IN PERPETUAL TRUSTS 320,885. | CHANGES IN NET ASSETS OR FUND BALANCES: |
| FORM 990, PART XI, LINE 2C: | THERE HAS BEEN NO CHANGE IN THE SELECTION OR OVERSIGHT OF THE INDEPENDENT AUDITORS. THE COLLEGE PUBLICLY BID THEIR AUDIT SERVICES DURING THE SPRING OF 2006. AT THAT TIME, THE EXISTING AUDITOR WAS RETAINED AS THE INDEPENDENT AUDITORS OF THE COLLEGE BASED ON RECOMMENDATION OF THE COMMITTEE. THE AUDIT COMMITTEE MEETS THREE TIMES A YEAR, AND ANNUALLY EVALUATES THE PERFORMANCE OF THE INDEPENDENT AUDITORS, ASSESSES FEES FOR SERVICES, AND FORMALLY RECOMMENDS APPOINTMENT OF THE FIRM TO THE FULL BOARD FOR APPROVAL. |
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