2014-05-14T14:07:32-05:00 2013-06-30 420714325 MCGLADREY LLP 9737 WASHINGTONIAN BLVD 400 GAITHERSBURG MD 208787340 990 2012-07-01 520591672 MOUNT SAINT MARYS UNIVERSITY MOUN 3014475353 16300 OLD EMMITSBURG ROAD EMMITSBURG MD 21727 THOMAS H POWELL 3014475353 2014-05-12 1 WILLIAM E TURCO CPA P00369217 3012963600 2012 2015-11-30 17:44:51Z THOMAS H POWELL 16300 OLD EMMITSBURG ROAD EMMITSBURG MD 21727 113574378 0 0928 X WWW.MSMARY.EDU X 1808 MD MOUNT ST. MARY'S UNIVERSITY, THE SECOND OLDEST CATHOLIC UNIVERSITY IN THE U.S., (SEE SCHEDULE O) OFFERS MORE THAN 60 ACADEMIC MAJORS, MINORS, AND CONCENTRATIONS. GRADUATE PROGRAMS IN BUSINESS, EDUCATION, PHILOSOPHY, THEOLOGY AND DIVINITY ARE ALSO OFFERED ALONG WITH ACCELERATED UNDERGRADUATE PROGRAMS IN BUSINESS AND CRIMINAL JUSTICE. STUDENTS PARTICIPATE IN MORE THAN 70 CLUBS AND HONOR SOCIETIES. STUDENTS ALSO TAKE ADVANTAGE OF THE COMMUNITY SERVICE AND OUTDOOR ADVENTURE PROGRAMS THAT ARE OFFERED BOTH LOCALLY AND ABROAD. IN ADDITION, THE UNIVERSITY HAS 16 VARSITY SPORTS AT THE NCAA DIVISION 1 LEVEL. 33 31 1540 500 265094 -193444 6610984 9659693 78682418 83942201 53416 3728347 84235 34651 85431053 97364892 25297540 27685165 0 0 34469822 32228742 0 0 1577111 30079277 32802386 89846639 92716293 -4415586 4648599 152342883 156844724 91057905 87634406 61284978 69210318 X MOUNT ST. MARY'S IS A CATHOLIC UNIVERSITY COMMITTED TO EDUCATION IN THE SERVICE OF TRUTH; WE SEEK TO CULTIVATE A COMMUNITY OF LEARNERS, FORMED BY FAITH, ENGAGED IN DISCOVERY, AND EMPOWERED FOR LEADERSHIP IN THE CHURCH, THE PROFESSIONS AND THE WORLD. 0 0 47217993 27114808 63695875 INSTRUCTIONAL PROGRAMS FOR 2,350 STUDENTS CONSISTING OF 1,842 UNDERGRADUATE STUDENTS, 208 GRADUATE STUDENTS IN BUSINESS, 88 GRADUATE STUDENTS IN EDUCATION, 163 GRADUATE STUDENTS IN THEOLOGY, AND 49 STUDENTS IN HEALTH CARE ADMINISTRATION. THE UNIVERSITY AWARDED 598 DEGREES COMPRISED OF 413 UNDERGRADUATE DEGREES, 142 MASTERS DEGREES, AND 41 THEOLOGY DEGREES IN 2013. 15658567 522582 18120886 AUXILIARY ENTERPRISES COMPRISING HOUSING, DINING, POST OFFICE, VENDING, PLANT, LAUNDRY AND SECURITY. 11061190 1860346 STUDENT SERVICES FOR THE ENTIRE STUDENT BODY INCLUDING HOUSING, ATHLETICS, COUNSELING, DISCIPLINE, STUDENT AFFAIRS AND ACTIVITIES. 3833970 HIGHER EDUCATION: ACADEMIC SUPPORT FOR INSTRUCTIONAL PROGRAMS 1467303 47775 INSTITUTIONAL SUPPORT 5301273 47775 79239023 1 1 0 1 0 0 0 1 0 1 1 1 0 0 1 1 1 0 1 0 1 0 0 0 1 0 0 1 1 1 1 0 0 0 0 0 0 1 0 0 0 1 0 0 0 1 0 0 0 0 1 374 0 1 1540 1 1 1 0 0 0 0 1 1 0 0 0 0 X 33 31 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 MD X WILLIAM E DAVIES 3014475353 16300 OLD EMMITSBURG ROAD EMMITSBURG MD 21727 X EUGENE M WALDRON JR 15.00 X X 0 0 0 ROBERT J SMITH 10.00 X X 0 0 0 REV THOMAS P FERGUSON 10.00 X X 0 0 0 MICHAEL R HOLLY 10.00 X X 0 0 0 HONORABLE JENNIFER M ANDERSON 5.00 X 0 0 0 HOWARD N BOLTE 5.00 X 0 0 0 JOHN N BOLTE 5.00 X 0 0 0 KEVIN B CASHEN 5.00 X 0 0 0 DAVID P CONAGHAN 10.00 X 0 0 0 JOHN E COYNE 5.00 X 0 0 0 FRANCIS W DAILY JR 10.00 X 0 0 0 XAVIER J DECAIRE 5.00 X 0 0 0 REV J KEVIN FARMER 5.00 X 0 0 0 REV GERARD C FRANCIK 5.00 X 0 0 0 C GREGORY KALLMYER 5.00 X 0 0 0 MARY D KANE 5.00 X 0 0 0 MARTHA M KENNEY 5.00 X 0 0 0 RICHARD P KIDWELL 5.00 X 0 0 0 MOST REV WILLIAM E LORI 10.00 X 0 0 0 MOST REV PAUL S LOVERDE 5.00 X 0 0 0 ALICE ROONEY MAHONEY 5.00 X 0 0 0 MOST REV W FRANCIS MALOOLY 10.00 X 0 0 0 JAMES V MCAVENEY 5.00 X 0 0 0 SANDRA A MCMURTRIE 5.00 X 0 0 0 DR FRANK P MEROLLA 5.00 X 0 0 0 REV THOMAS J MULLELLY 5.00 X 0 0 0 SCOTT J NEWKAM 10.00 X 0 0 0 SUZANNE M NICHOLSON 5.00 X 0 0 0 MOST REVEREND EDWIN F O'BRIEN 5.00 X 0 0 0 THOMAS G O'HARA 10.00 X 0 0 0 REV VINCENT J O'MALLEY 10.00 X 0 0 0 MARY NOEL PAGE 5.00 X 0 0 0 PAUL J PALMIERI 5.00 X 0 0 0 REV MSGR JOSEPH G QUINN 5.00 X 0 0 0 THOMAS C ROGERS JR 5.00 X 0 0 0 SIMBA SANA 5.00 X 0 0 0 BRIAN L SMITH 5.00 X 0 0 0 J SCOTT WILFONG 10.00 X 0 0 0 THOMAS H POWELL 50.00 X 458192 0 123359 DAN SOLLER 50.00 X 212794 0 51787 WILLIAM E DAVIES 50.00 X 46814 0 2746 DAVID REHM 50.00 X 183316 0 17247 ROBERT BRENNAN 50.00 X 157688 0 29541 PAULINE ENGELSTATTER 50.00 X 128891 0 21457 MICHAEL POST 50.00 X 125743 0 31392 MSGR STUART SWETLAND 50.00 X 122056 0 15233 MSGR STEPHEN ROHLFS 50.00 X 110391 0 19910 ROBERT J BURKE 50.00 X 145226 0 29730 DAVID W BUSHMAN 50.00 X 146460 0 28323 KARL W EINOLF 50.00 X 138355 0 10659 BOBBY L FLACK 50.00 X 120986 0 28938 WILLIAM G FORGANG 50.00 X 120541 0 23284 MICHAEL S MALEWICKI 50.00 X 184353 0 35114 2401806 0 468720 21 1 1 0 ARAMARK CORPORATION 24818 NETWORK PLACE CHICAGO IL 60673 DINING SERVICES AND PHYSICAL 6666387 RW WARNER CONSTRUCTION 50 CITIZENS WAY FREDERICK MD 21701 CONSTRUCTION 601920 ROYALL & CO 1920 EAST PARHAM RD RICHMOND VA 23228 STUDENT SEARCH SERVICES 592719 MCCOY BROTHERS 1514 COMMERCE AVENUE CARLISLE PA 17013 CONSTRUCTION 264031 MM ARCHITECTS INC 103 S DUKE ST LANCASTER PA 17602 ARCHITECTS 232718 20 2225 1912080 7745388 3266268 9659693 TUITION & FEES 611310 63695875 63695875 AUXILIARY ENTERPRISE 611710 20139752 19981232 158520 CONFERENCES & GROUPS 611600 69818 69818 OTHER SERVICES 221000 36756 36756 83942201 2071532 2071532 260 260 17848702 16192147 1656555 1656555 1656555 37969 2225 14714 23255 23255 14021 2625 11396 11396 97364892 83677107 265094 3762998 47775 47775 27637390 27637390 2107966 383078 1581471 143417 21725694 18173149 2873865 678680 1247718 971439 233242 43037 5506039 4286849 1029269 189921 1641325 1277890 306821 56614 25606 25606 217767 217767 160410 160410 823118 640857 153869 28392 976462 760246 182535 33681 2803954 2183081 524156 96717 860022 669589 160768 29665 420 327 79 14 2654880 2351507 290039 13334 1274460 992259 238241 43960 194998 151820 36452 6726 2998244 2655635 327550 15059 6346544 5621325 693344 31875 391268 346558 42745 1965 DINING SERVICES 4502168 4301551 200617 PHYSICAL PLANT 2759679 2444330 301488 13861 ALLOWANCES & UNCOLLECTI 1219596 1219596 CREDIT CARD DISCOUNT 286259 286259 4306531 3342368 813970 150193 92716293 79239023 11900159 1577111 5160 30450 8439839 13915864 3728543 1819588 993918 1334401 2991733 3031279 29619 55562 760263 683211 193958386 105129567 91067547 88828819 25769938 28531525 12400619 12184673 6155704 6429352 152342883 156844724 4811847 5047674 4676510 5877018 63013641 61982787 18555907 14726927 91057905 87634406 X 16929416 30805635 16184211 13234856 28171351 25169827 61284978 69210318 152342883 156844724 X 4648599 704937 2571804 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 0 0 0 0 1 6901 0 1 12990 19891 0 EXPLANATION OF LOBBYING ACTIVITIES: PART II-B, LINE 1: LOBBYING ISSUES RELATED TO ORGANIZATION EXEMPT PURPOSES. 689119 X X 0 38598585 1792687 4054846 1308492 2346750 121274 40669602 42198088 332324 -1080580 1016400 1686751 148096 38598585 33636402 3935219 6734417 969695 997742 140513 42198088 30830139 7684 5019975 2043684 177712 33636402 34152034 6499208 -3301452 2044462 4297410 177779 30830139 0.25580 0.54860 0.19560 0 0 2004079 2004079 147296955 71942053 75354902 42509 42509 34506755 25035606 9471149 10108088 8151908 1956180 88828819 MULTI-STRATEGY HEDGE FUNDS 12184673 F 12184673 ANNUNITIES PAYABLE 574484 US GOVERNMENT ADVANCES FOR STUDENT LOANS 1621578 ASSET RETIREMENT OBLIGATIONS 1612624 SWAP CONTRACTS 1501214 DEPOSITS 441221 DEFERRED COMPENSATION 144383 ACCRUED POSTRETIREMENT BENEFITS 7720281 LEASE PAYABLE 1111142 14726927 X 70629463 704937 -27279956 -26575019 97204482 160410 160410 97364892 64918493 0 64918493 160410 27637390 27797800 92716293 PART III, LINE 4: THE UNIVERSITY'S COLLECTION CONSISTS OF ITEMS ASSOCIATED WITH THE HISTORY OF THE UNIVERSITY MAINTAINED IN AN ARCHIVES. THERE ARE ALSO VARIOUS WORKS OF ART IN OUR CHAPELS. THESE ITEMS HELP TO PROMOTE OUR EDUCATIONAL MISSION BY PROVIDING RESEARCH MATERIAL ON THE HISTORY OF THE UNIVERSITY. DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: THE UNIVERSITY'S ENDOWMENT PROVIDES FUNDS TO SUPPORT FINANCIAL AID, FACULTY SALARIES AND GENERAL OPERATIONS. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X, LINE 2: THE UNIVERSITY IS GENERALLY EXEMPT FROM FEDERAL INCOME TAXES UNDER THE PROVISIONS OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND HAS BEEN CLASSIFIED AS AN ORGANIZATION THAT IS NOT A PRIVATE FOUNDATION. THE UNIVERSITY FOLLOWS THE ACCOUNTING STANDARD ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES, WHICH ADDRESSES THE DETERMINATION OF WHETHER TAX BENEFITS CLAIMED OR EXPECTED TO BE CLAIMED ON A TAX RETURN SHOULD BE RECORDED IN THE FINANCIAL STATEMENTS. UNDER THIS GUIDANCE, THE UNIVERSITY MAY RECOGNIZE THE TAX BENEFIT FROM AN UNCERTAIN TAX POSITION ONLY IF IT IS MORE LIKELY THAN NOT THAT THE TAX POSITION WILL BE SUSTAINED ON EXAMINATION BY TAXING AUTHORITIES, BASED ON THE TECHNICAL MERITS OF THE POSITION. THE TAX BENEFITS RECOGNIZED IN THE FINANCIAL STATEMENTS FROM SUCH A POSITION ARE MEASURED BASED ON THE LARGEST BENEFIT THAT HAS A GREATER THAN 50% LIKELIHOOD OF BEING REALIZED UPON ULTIMATE SETTLEMENT. THE GUIDANCE ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES ALSO ADDRESSES DE-RECOGNITION, CLASSIFICATION, INTEREST AND PENALTIES ON INCOME TAXES, AND ACCOUNTING IN INTERIM PERIODS. MANAGEMENT EVALUATED THE UNIVERSITY'S TAX POSITIONS AND CONCLUDED THAT THE UNIVERSITY HAD TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT TO THE FINANCIAL STATEMENTS TO COMPLY WITH THE PROVISIONS OF THIS GUIDANCE. NO PROVISION FOR INCOME TAXES WAS REQUIRED FOR 2013 OR 2012. GENERALLY, THE UNIVERSITY IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS BY THE U.S. FEDERAL, STATE OR LOCAL TAX AUTHORITIES FOR YEARS BEFORE 2010. PART XI, LINE 2D - OTHER ADJUSTMENTS: SCHOLARSHIP ALLOWANCES NETTED AGAINST STUDENT REVENUE -27,637,390. CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS 357,434. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIP ALLOWANCES NETTED AGAINST STUDENT REVENUE 27,637,390. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 EXPLANATION OF NONDISCRIMINATORY POLICY PUBLICATION SCHEDULE E, PART I, LINE 3 THE UNIVERSITY'S RACIALLY NON-DISCRIMINATORY POLICY IS MADE KNOWN TO THE GENERAL COMMUNITY IT SERVES THROUGH ITS PUBLIC RELATIONS ACTIVITIES AND EFFORTS, ITS ADMISSIONS OFFICE, ITS ALUMNI OFFICE, AND THROUGH ITS CATALOGUE AND VARIOUS PUBLICATIONS. EXPLANATION OF GOVERNMENT FINANCIAL ASSISTANCE SCHEDULE E, PART I, LINE 6 THE STATE OF MARYLAND PROVIDES AID TO THE UNIVERSITY FROM THE SELLINGER PROGRAM OF STATE AID TO NON-PUBLIC INSTITUTIONS. EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 PROGRAM SERVICES HIGHER EDUCATION SERVICES 462448 CENTRAL AMERICA AND THE CARIBBEAN 0 0 PROGRAM SERVICES HIGHER EDUCATION SERVICES 105742 NORTH AMERICA 0 0 PROGRAM SERVICES HIGHER EDUCATION SERVICES 998 SOUTH AMERICA 0 0 PROGRAM SERVICES HIGHER EDUCATION SERVICES 38117 0 0 0 0 0 0 607305 0 607305 0 0 0 0 0 0 GOLF TOURNAMENT 10925 2225 8700 5577 2361 BULL ROAST 10006 10006 540 2045 3 19263 19263 4191 40194 2225 37969 540 5577 8597 14714 23255 1 ARCHODIOCESE OF BALTIMORE 320 CATHEDRAL STREET BALTIMORE MD 21201 520591535 501(C)(3) 10000 CONTRIBUTION BISHOP MCDEVITT HIGH SCHOOL 125 ROYAL AVE WYNCOTE PA 19095 231424025 501(C)(3) 10000 CONTRIBUTION STUDENT FINANCIAL AID 1692 27637390 BOOK VALUE ASSIST WITH COST OF TUITION, ROOM AND BOARD PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, PART I, LINE 2: THE UNIVERSITY'S USE OF GRANT FUNDS IS TO PROVIDE FINANCIAL AID TO OUR STUDENTS. WE MONITOR THE USE OF THESE UNIVERSITY FUNDS IN ACCORDANCE WITH ESTABLISHED LEVELS OF AWARDS BASED ON A STUDENT'S MERIT CLASSIFICATION AND ON AN ANNUAL BUDGET. THE UNIVERSITY FOLLOWS ALL REGULATIONS RELATIVE TO THE AWARDING OF FINANCIAL ASSISTANCE WHICH IS MONITORED BY THE FINANCIAL AID OFFICE. X X X 1 1 X X X X 1 1 0 0 0 0 0 0 0 THOMAS H POWELL 336084 0 0 0 122108 0 55000 0 68803 0 581995 0 120000 0 DAN SOLLER 186509 0 0 0 26285 0 20943 0 33036 0 266773 0 0 0 DAVID REHM 182482 0 0 0 834 0 10560 0 8255 0 202131 0 0 0 ROBERT BRENNAN 156592 0 0 0 1096 0 8917 0 22487 0 189092 0 0 0 PAULINE ENGELSTATTER 127214 0 0 0 1677 0 7525 0 16522 0 152938 0 0 0 MICHAEL POST 125529 0 0 0 214 0 7440 0 24547 0 157730 0 0 0 ROBERT J BURKE 24018 0 0 0 121208 0 8610 0 22757 0 176593 0 0 0 DAVID W BUSHMAN 145794 0 0 0 666 0 8765 0 21199 0 176424 0 0 0 KARL W EINOLF 137834 0 0 0 521 0 8159 0 3751 0 150265 0 0 0 BOBBY L FLACK 120986 0 0 0 0 0 7380 0 21865 0 150231 0 0 0 MICHAEL S MALEWICKI 75174 0 0 0 109179 0 10726 0 26549 0 221628 0 0 0 PART I, LINE 1A IT IS THE UNIVERSITY'S POLICY TO REIMBURSE EMPLOYEES FOR BUSINESS EXPENSES INCURRED BY THE EMPLOYEE TO FURTHER THE MISSION OF THE UNIVERSITY. INFREQUENTLY, IN ACCORDANCE WITH IRS GUIDELINES, THE UNIVERSITY MAY REIMBURSE AN EMPLOYEE FOR THE COST OF A SPOUSE WHO ATTENDS A FUNCTION HAVING A SIGNIFICANT ROLE OR IS INVOLVED WITH FUND-RAISING WHICH CONSTITUTES A BUSINESS PURPOSE. THE RECTOR OF THE SEMINARY IS PROVIDED ON CAMPUS HOUSING AS A CONDITION OF EMPLOYMENT FOR THE CONVENIENCE OF THE UNIVERSITY. THIS IS INCLUDED AS A NON-TAXABLE BENEFIT IN ACCORDANCE WITH IRS GUIDELINES. AS PART OF THE PRESIDENT'S EMPLOYMENT CONTRACT, THE PRESIDENT IS REQUIRED TO LIVE IN A RESIDENCE PROVIDED BY THE UNIVERSITY. MANY UNIVERSITY EVENTS ARE HELD AT THIS RESIDENCE. HOUSEKEEPING SERVICES ARE PROVIDED TO SUPPORT THESE EVENTS. HIS EMPLOYMENT CONTRACT ALSO PROVIDES FOR TRAVEL FOR HIS SPOUSE FOR UNIVERSITY RELATED BUSINESS. THE PRESIDENT PROVIDES AN ACCOUNTING OF HIS DISCRETIONARY SPENDING WHICH IS REVIEWED BY THE CHAIR OF THE AUDIT COMMITTEE OF THE BOARD OF TRUSTEES. PART I, LINES 4A-B THE UNIVERSITY AND MICHAEL MALWEWICKI ENTERED INTO A SEPARATION AGREEMENT WHICH INCLUDED CONTINUAT1ON OF SALARY AND BENEFITS FOR MR. MALWEWICKI THROUGH DECEMBER 2012. TOTAL SEPARATION PAYMENT WAS $107,589 WHICH IS INCLUDED SCHEDULE J, PART II, COLUMN (B)(III). THE UNIVERSITY AND ROBERT BURKE ENTERED INTO A SEPARATION AGREEMENT WHICH INCLUDED CONTINUAT1ON OF SALARY AND BENEFITS FOR MR. BURKE THROUGH JUNE 2013. TOTAL SEPARATION PAYMENT WAS $120,542 WHICH IS INCLUDED SCHEDULE J, PART II, COLUMN (B)(III). THE UNIVERSITY HAS AN EMPLOYMENT CONTRACT WITH THE PRESIDENT AND THE EXECUTIVE VICE PRESIDENT. IN ACCORDANCE WITH THE TERMS OF THESE EMPLOYMENT CONTRACTS, THE UNIVERSITY HAS ESTABLISHED A NON-QUALIFIED RETIREMENT PLAN AND PROVIDES ANNUAL FUNDING TO THE PLAN WHICH IS INCLUDE AS A NON-TAXABLE BENEFIT IN ACCORDANCE WITH IRS GUIDELINES. THOMAS POWELL RECEIVED A PAYMENT IN THE AMOUNT OF $120,011 FROM A SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN. THIS AMOUNT IS INCLUDED IN THE OTHER COMPENSATION OF SCHEDULE J, PART II, COLUMN B(III). A COUNTY COMMISSIONERS OF FREDERICK COUNTY 526000943 355697BL6 2006-01-12 22065000 REFUNDING OF SERIES 2001B AND CONSTRUCTION OF NEW RESIDENCE HALL 0 0 0 B COUNTY COMMISSIONERS OF FREDERICK COUNTY 526000943 355697CB7 2007-03-27 22333074 REFUNDING OF SERIES 2001A BONDS AND CAMPUS PROJECTS 0 0 0 C TOWN OF EMMITSBURG 526017142 2007-12-21 10000000 RENOVATIONS TO RESIDENCE HALL AND FINE ARTS CENTER 0 0 0 D TOWN OF EMMITSBURG 526017142 2008-12-23 10000000 RENOVATIONS TO RESIDENCE HALL AND FINE ARTS CENTER 0 0 0 A 1065000 22328868 2174047 6200000 454726 12610819 2008 0 1 1 1 B 2625000 22218074 873685 16855000 335006 4323238 2009 0 1 1 1 C 227437 10000000 79416 9920584 2010 0 0 1 1 D 49804 10000000 46829 9953171 2010 0 0 1 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 B 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 C 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 D 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 A 0 0 0 1 0 0 0 0 1 B 0 0 0 0 0 0 0 0 1 C 0 0 1 0 1 1 PNC BANK 15.000000000000 0 0 0 0 1 D 0 1 0 0 1 1 PNC BANK 21.000000000000 0 0 0 0 1 A 1 B 1 C 1 D 1 SCHEDULE K, PART IV, LINE 1C NO REBATE DUE A CALCULATION WAS MADE CONCERNING COUNTY COMMISSIONERS OF FREDERICK COUNTY BOND ISSUE DATED 03/27/07. NO REBATE WAS FOUND TO BE DUE. CALCULATION WAS PERFORMED 06/01/2012. A CALCULATION WAS MADE CONCERNING COUNTY COMMISSIONERS OF FREDERICK COUNTY BOND ISSUE DATED 01/12/06. NO REBATE WAS FOUND TO BE DUE. CALCULATION WAS PERFORMED 06/23/2011. A TOWN OF EMMITSBURG 526017142 2009-12-29 1250000 RENOVATIONS TO RESIDENCE HALL 0 0 0 A 1250000 92516 1157484 2010 0 0 1 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 A 0 1 0 0 0 0 0 0 1 A 1 20000 SCHOLARSHIP AND FINANCIAL AID TUITION 16000 SCHOLARSHIP TUITION X 15 3266268 FMV 0 1 0 FORM 990, PART VI, SECTION B, LINE 11 THE FORM 990 IS PRESENTED TO THE AUDIT COMMITTEE OF THE BOARD FOR THEIR REVIEW PRIOR TO FILING WITH THE IRS. A COPY OF THE FORM 990 IS PROVIDED TO EACH MEMBER OF THE BOARD OF TRUSTEES FOR THEIR REVIEW. FORM 990, PART VI, SECTION B, LINE 12C COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY IS MONITORED BY THE OFFICE OF THE PRESIDENT. CONFLICTS WITH MEMBERS OF THE BOARD OF TRUSTEES ARE DISCLOSED, AND DISTRIBUTED TO RELEVANT DEPARTMENTS ANNUALLY. TRANSACTIONS WITH THESE PARTIES ARE SEPARATELY REVIEWED. AN INDIVIDUAL OR TRUSTEE WITH A CONFLICT REMOVES THEMSELVES FOR THE DELIBERATIONS AND DECISION. FORM 990, PART VI, SECTION B, LINE 15A THE PRESIDENT PRESENTS A SELF-EVALUATION TO THE BOARD OF TRUSTEES BASED ON AGREED UPON PERFORMANCE GOALS. THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES REVIEW SALARY AND BENEFIT COMPARISON DATA COMPILED FROM SEVERAL SOURCES FOR INSTITUTIONS OF SIMILAR SIZE AND SCOPE. THE FULL BOARD DISCUSSES THE PRESIDENT'S PERFORMANCE AND REVIEWS THE COMPARATIVE SALARY DATA. THE EXECUTIVE COMMITTEE MAKES THE FINAL DECISION ON THE PRESIDENT'S SALARY AND DEFERRED COMPENSATION, WHICH IS COMMUNICATED TO THE FULL BOARD OF TRUSTEES. THE EXECUTIVE COMMITTEE IS COMPRISED OF INDEPENDENT MEMBERS AND THE MEETINGS ARE DOCUMENTED BY FORMAL MINUTES. FOR OTHER OFFICERS OR HIGHLY COMPENSATED EMPLOYEES, SURVEY DATA PROVIDED BY NACUBO AND CUPA ARE USED ALONG WITH COMPENSATION DATA FROM PEER ORGANIZATIONS. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART VII, SECTION A, COLUMN A, VOTING BOARD MEMBERS DURING THE UNIVERSITY FISCAL YEAR THERE WERE THIRTY-EIGHT VOTING BOARD MEMBERS. ALL OF THE VOTING BOARD MEMBERS ARE LISTED IN FORM 990, PART VII, SECTION A. SOME OF THE BOARD MEMBERS DISCONTINUED SERVICE DURING THE YEAR. AS A RESULT, AT THE END OF THE FISCAL YEAR, THERE WERE ONLY THIRTY-THREE VOTING BOARD MEMBERS. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS 357,434. CHANGE IN THE FAIR VALUE OF INTEREST RATE SWAP AGREEMENTS 1,298,337. PENSION-RELATED CHARGES OTHER THAN NET PERIODIC PENSION COST 916,033. THE MOUNT CLUB INC 16300 OLD EMMITSBURG ROAD LIQUOUR SALES MD 21272 520591672 LIQUOUR SALES MD 0 0 MOUNT SAINT MARYS UNIVERSITY