2014-01-20T13:27:21-06:00 2013-06-30 383635706 REHMANN ROBSON 555 BRIARWOOD CIRCLE 300 ANN ARBOR MI 48108 990 2012-07-01 381393841 CLEARY UNIVERSITY CLEA 7343324477 3601 PLYMOUTH ROAD ANN ARBOR MI 48105 THOMAS SULLIVAN 7343324477 2014-01-14 1 KATHLEEN M UNDERHILL P00589677 7347612005 2014-01-14 2012 2015-11-30 17:44:51Z THOMAS SULLIVAN 3601 PLYMOUTH ROAD ANN ARBOR MI 48105 9595902 0 X WWW.CLEARY.EDU X 1883 MI TO MEET THE NEEDS OF THE BUSINESS COMMUNITY AND TO PROVIDE AN EDUCATION FOR PERSONS SEEKING PRACTICAL SKILLS AND VALID CREDENTIALS TO ADVANCE THEIR BUSINESS CAREERS. 27 27 231 15 11676 -58803 480079 1303338 7388139 6804410 85085 44995 525338 481241 8478641 8633984 866553 1081522 0 0 4277703 3996889 0 0 83330 3714688 3878258 8858944 8956669 -380303 -322685 18864768 18634564 8475410 8624808 10389358 10009756 TO MEET THE NEEDS OF THE BUSINESS COMMUNITY AND TO PROVIDE AN EDUCATION FOR PERSONS SEEKING PRACTICAL SKILLS AND VALID CREDENTIALS TO ADVANCE THEIR BUSINESS CAREERS. 0 0 3899919 1081522 6813545 OPERATION OF UNIVERSITY & INSTRUCTION COST 3899919 1 1 0 0 0 0 0 1 0 1 1 1 0 0 0 1 1 0 1 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 1 929 0 1 231 1 1 1 0 0 0 0 1 1 0 0 0 0 X 27 27 0 0 0 0 0 0 0 1 1 0 1 1 1 1 1 1 1 1 1 1 1 1 X X TOM SULLIVAN PRESIDENT 7343324477 3601 PLYMOUTH ROAD ANN ARBOR MI 481052659 IAN SCHONSHECK 2.00 X 0 0 0 RAYMOND KING III 2.00 X 0 0 0 PATRICK CLEARY II 2.00 X 0 0 0 JOHN KLEE 2.00 X 0 0 0 ANNE MCKENNY 2.00 X 0 0 0 WILLIAM DAVIS JR 2.00 X 0 0 0 FRANK FIKE 2.00 X 0 0 0 JOHN EDWARDS 2.00 X 0 0 0 ANDREW EGGAN 2.00 X 0 0 0 R JAMES GORENFLO 2.00 X 0 0 0 DAVID ITSELL 2.00 X 0 0 0 DANIEL MILSTEIN 2.00 X 0 0 0 MACK JOHNSON 2.00 X 0 0 0 DANTE BALLARIO 2.00 X 0 0 0 SCOTT MALY 2.00 X 0 0 0 TIM CODD 2.00 X 0 0 0 MICHAEL LAMARRA 2.00 X 0 0 0 MINDI FYNKE 2.00 X 0 0 0 MILTON WEIDMAYER 2.00 X 0 0 0 CAROL ALEXANDER 2.00 X 0 0 0 PAUL GOBEILLE 2.00 X 0 0 0 GLYNIS MCBAIN 2.00 X 0 0 0 NINA MCCLELLAND 2.00 X 0 0 0 DOUGLAS RITTER 2.00 X 0 0 0 JOHN KUDERIK 2.00 X 0 0 0 JOHN MOYER 2.00 X 0 0 0 H TODD KEPHART 2.00 X 0 0 0 THOMAS SULLIVAN 40.00 X 199992 0 20512 JUDITH L WALKER 40.00 X 107118 0 9972 VINCE P LINDER 40.00 X 107806 0 9904 414916 0 40388 3 0 1 0 0 11400 112232 1179706 945718 1303338 TUITION AND FEES 611600 6677511 6677511 OTHER PROGRAM SERVICE 611600 126899 126899 6804410 65060 65060 417180 0 417180 417180 417180 840752 860817 -20065 -20065 -20065 138853 11400 95603 43250 43250 26309 5498 20811 9135 11676 8633984 6813545 11676 505425 1081522 1081522 200389 108065 92324 3130181 1592024 1536407 1750 96269 51915 44354 337696 182110 155586 232354 125302 107052 9224 9224 71406 71406 569603 27647 541956 668370 59201 609169 300470 17490 282980 108556 108556 37190 14307 22883 64826 7103 57723 83809 83809 803926 803926 53989 53989 BOOKS & PERIODICALS 424479 373760 50719 OTHER 345522 125483 130990 89049 BOOKSTORE EXPENSES 120867 120867 EQUIPMENT 97361 111 97250 118660 13012 113117 -7469 8956669 3899919 4973420 83330 1153841 389749 95979 69089 422326 484649 100382 65038 103688 78978 19716046 5092509 14853359 14623537 1644313 1346424 490880 1577100 18864768 18634564 1957599 2140496 1122734 1258938 5395077 5225374 8475410 8624808 X 8952831 8166627 437823 782695 998704 1060434 10389358 10009756 18864768 18634564 -322685 -56917 0 X X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 945718 945718 X 0 2821368 61730 -12511 41197 2829391 2676823 73829 93997 23283 2821368 2528387 67757 110699 30020 2676823 2252044 105725 190501 19883 2528387 2209525 57199 3500 18180 2252044 0.52770 0.37480 0.09750 0 0 1456383 1456383 14430958 3132805 11298153 1206487 296537 909950 2622218 1663167 959051 14623537 MARKETABLE SECURITIES 1249101 F INTEREST IN LIMITED PARTNERSHIPS 97323 C 1346424 ARTWORK 881654 ART HELD FOR RESALE 323150 CHARITABLE REMAINDER UNITRUST INTEREST 148997 DEPOSIT WITH TRUSTEE 51 BOND ISSUANCE COSTS, NET 223248 1577100 X 7637838 -56917 -939229 -996146 8633984 0 8633984 8017440 -939229 -939229 8956669 0 8956669 PART III, LINE 4: ARTHUR SECUNDA ART WORK - THE UNIVERSITY IS CREATING THE ARTHUR SECUNDA MUSEUM AT ITS LIVINGSTON CAMPUS. THE MUSEUM WILL ENHANCE THE VISIBILITY, REPUTATION AND EDUCATIONAL MISSION OF CLEARY UNIVERSITY BY REINFORCING THAT THE UNIVERSITY IS A SOPHISTICATED INSTITUTION IN WHICH STUDENTS CAN PLACE THEIR CONFIDENCE. THE ADDITION OF THE MUSEUM WILL FACILITATE STUDY IN THE FIELD OF ARTS MANAGEMENT, EXAMINATION OF THE ARTIST AS ENTREPRENEUR, AND THE USE OF THE ART TO STIMULATE CREATIVITY AMONG THE BUSINESS STUDENTS. DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: THE INTENDED USE OF THE TERM AND PERMANENT ENDOWMENT FUNDS IS TO FUND STUDENT SCHOLARSHIPS. THE QUASI-ENDOWMENT FUND MAY BE USED AS A RESERVE OR IN CASE OF EMERGENCY FOR THE OPERATIONS OF THE UNIVERSITY. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X, LINE 2: THE UNIVERSITY HAS EVALUATED THE PROVISIONS OF ASC TOPIC 740 FOR THE TAX YEARS 2009 THROUGH 2012, THE YEARS WHICH REMAIN SUBJECT TO EXAMINATION BY MAJOR TAX JURISDICTIONS AS OF JUNE 30, 2013. THE UNIVERSITY CONCLUDED THAT THERE ARE NO SIGNIFICANT UNCERTAIN TAX POSITIONS REQUIRING RECOGNITION IN THE UNIVERSITY'S FINANCIAL STATEMENTS. THE UNIVERSITY DOES NOT EXPECT THE TOTAL AMOUNT OF UNRECOGNIZED TAX BENEFITS ("UTB") (E.G., TAX DEDUCTIONS, EXCLUSIONS, OR CREDITS CLAIMED OR EXPECTED TO BE CLAIMED) TO SIGNIFICANTLY CHANGE IN THE NEXT TWELVE MONTHS. THE UNIVERSITY DOES NOT HAVE ANY AMOUNTS ACCRUED FOR INTEREST AND PENALTIES RELATED TO UTB'S AT JUNE 30, 2013 OR 2012, AND MANAGEMENT IS NOT AWARE OF ANY CLAIMS FOR SUCH AMOUNTS BY FEDERAL OR STATE INCOME TAX AUTHORITIES. PART XI, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD- BOOKSTORE 4,748. SPECIAL EVENTS EXPENSES 95,603. GRANTS & SCHOLARSHIPS -1,040,325. COST OF GOODS SOLD- ART 745. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD- BOOKSTORE 4,748. SPECIAL EVENTS EXPENSES 95,603. GRANTS & SCHOLARSHIPS -1,040,325. COST OF GOODS SOLD- ART 745. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 EXPLANATION OF NONDISCRIMINATORY POLICY PUBLICATION SCHEDULE E, PART I, LINE 3 THE POLICY IS AVAILABLE ON THE SCHOOL'S WEBSITE. EXPLANATION OF GOVERNMENT FINANCIAL ASSISTANCE SCHEDULE E, PART I, LINE 6 THE ORGANIZATION RECEIVED $235,118 FROM THE US DEPT OF HOUSING & URBAN DEVELOPMENT FOR THE HEALTH & WELLNESS CENTER RENOVATION. . CLEARY UNIVERSITY PARTICIPATES IN STUDENT AID PROGRAMS SUPPORTED BY THE DEPARTMENT OF EDUCATION. GOLF OUTING 42659 42659 16142 15060 AUCTION 107594 11400 96194 7500 56901 150253 11400 138853 7500 16142 71961 95603 43250 1 VA MILITARY GRANT 36 155548 CLEARY INSTITUTIONAL GRANT 43 41453 CLEARY SCHOLARSHIP 12 33165 COMMUNITY COLLEGE & ALUMNI DISCOUNT 12 44265 CLEARY CONTINUITY GRANT 379 253555 NEXT STEP GRANT 19 29554 ALUMNI ASSOCIATION ENDOWED SCHOLARSHIP 2 1000 WILBURN M. BARWICK SCHOLARSHIP 8 18334 ROBERT & BESS COOK ENDOWED SCHOLARSHIP 1 1000 SULLIVAN ENDOWED SCHOLARSHIP 5 10000 LOREN BEUTLER ENDOWED SCHOLARSHIP 1 750 COMMUNITY PARTNER MATCHING GRANT 2 2000 WORK TO LEARN SCHOLARSHIP PROGRAM 19 12075 CLEARY BUSINESS PARTNER SCHOLARSHIP 94 181886 GRADUATE ASSISTANT GRANT 21 141823 RITA & CHARLES GELMAN GRADUATE SCHOLARSHIP 1 2000 MARJORY CLEARY MCKENNY & ARTHUR MCKENNY 2 3500 BETSY KANITZ ENDOWED SCHOLARSHIP 1 1000 LLOYD & MABEL JOHNSON ENDOWED SCHOLARSHIP 1 2613 ADMISSIONS HONORS SCHOLARSHIP 5 15800 MARIE & OWEN J. CLEARY ENDOWMENT 1 500 R.B. LYONS ENDOWED SCHOLARSHIP 1 500 ATHLETIC SCHOLARSHIP 13 62218 ATHLETIC HOUSING SCHOLARSHIP 31 44081 AMERICORPS MATCHING GRANT 1 4602 ADMISSIONS TRANSFER SCHOLARSHIP 13 18300 PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, PART I, LINE 2: THE GRANTS AND SCHOLARSHIPS AWARDED BY CLEARY UNIVERSITY ARE USED TO PAY TUITION AND FEE CHARGES ON STUDENT ACCOUNTS. THE UNIVERSITY IS ABLE TO MONITOR WHETHER RECIPIENTS REMAIN STUDENTS AT THE UNIVERSITY THROUGH THE REGISTRAR'S OFFICE, AND CLASS ATTENDANCE TAKEN BY PROFESSORS. X 1 0 X X 0 0 0 0 0 0 0 0 0 THOMAS SULLIVAN 189992 0 10000 0 0 0 0 0 20512 0 220504 0 0 0 PART I, LINE 1A SPOUSE TRAVEL - PRESIDENT - NONTAXABLE BENEFIT. A CLEARY UNIVERSITY 381393841 594519J84 2006-06-07 5335000 CAPITAL EXPENDITURES 0 0 0 A 680000 5335000 379242 262230 4693528 2007 0 0 1 1 A 0 0 1 0 0 0.02500 0.02500 0 0 0 A 0 0 0 0 1 0 0 0 0 A 0 X 9 945718 INDEPENDENT APPRAISER 0 0 0 FORM 990, PART VI, SECTION B, LINE 11 THE FORM 990 IS REVIEWED BY THE FINANCE COMMITTEE PRIOR TO BEING FILED AND IS RECOMMENDED BY THEM TO THE BOARD OF TRUSTEES. FORM 990, PART VI, SECTION B, LINE 12C ALL BOARD MEMBERS AND STAFF ARE ASKED ABOUT ANY CONFLICT OF INTEREST BASED ON THE CONFLICT OF INTEREST POLICY. IF A CONFLICT EXISTS, THE ASSOCIATION WITH THE CONFLICTING INTEREST IS DISCONTINUED OR THE BOARD MEMBER OR STAFF MEMBER IS NOT SELECTED TO SERVE. FORM 990, PART VI, SECTION B, LINE 15 WE ESTABLISH A BENCHMARK FOR EVERY EMPLOYEE POSITION BASED ON ONE OF THE FOLLOWING: CUPA - HR - COLLEGE & UNIVERSITY PROFESSIONAL ASSOCIATION - HUMAN RESOURCES SALARY SURVEY RESULTS OR GAASHRM - GREATER ANN ARBOR SOCIETY FOR HUMAN RESOURCE MANAGEMENT SALARY SURVEY RESULTS. EVERY EMPLOYEE POSITION IS COMPARED TO A SIMILAR POSITION IN ONE OF THESE SURVEYS (CUPA IS USED IF A POSITION MATCH EXISTS) THE AVERAGE SALARY FOR LIKE INSTITUTIONS OR SIMILAR SIZED NON-PROFITS IS USED AS OUR BENCHMARK WITH A MARGIN OF 15% ON EITHER SIDE OF THE AVERAGE TO ESTABLISH OUR SALARY "RANGE" FOR THE POSITION. ACTUAL SALARY FOR AN EMPLOYEE IS BASED ON EXPERIENCE AND EMPLOYMENT DURATION THAT MOVES ONE'S SALARY UP WITHIN THE SALARY RANGE. FORM 990, PART VI, SECTION C, LINE 19 ALL GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XII, LINE 2C THERE HAVE BEEN NO CHANGES TO THE AUDIT COMMITTEE'S OVERSIGHT PROCESS OR SELECTION PROCESS DURING THE TAX YEAR.