2014-05-08T09:29:45-05:00 2013-06-30 KPMG LLP One Financial Plaza Hartford CT 061032608 990 2012-07-01 060646829 UNIVERSITY OF SAINT JOSEPH % WILLIAM HAWKINS CONTROLLER UNIV 8602324571 1678 ASYLUM AVENUE Suite WEST HARTFORD CT 061172791 William Hawkins 8602324571 2014-05-07 true 8605223200 2014-05-05 2012 2015-11-30 17:44:51Z PAMELA TROTMAN REID PHD 1678 ASYLUM AVENUE WEST HARTFORD CT 061172791 76183269 false 0928 X WWW.USJ.EDU X 1925 CT THE UNIVERSITY OF SAINT JOSEPH PROVIDES A RIGOROUS LIBERAL ARTS AND PROFESSIONAL EDUCATION FOR A DIVERSE STUDENT POPULATION WHILE MAINTAINING A STRONG COMMITMENT TO DEVELOPING THE POTENTIAL OF WOMEN. 23 22 1212 100 169791 -40303 6966937 7855011 56038471 59955822 555490 890300 225592 495940 63786490 69197073 12747000 13625000 0 0 34751598 37077168 0 60000 1725722 16380892 17481905 63879490 68244073 -93000 953000 64093566 66025480 32462566 30496480 31631000 35529000 X THE UNIVERSITY OF SAINT JOSEPH, FOUNDED BY THE SISTERS OF MERCY IN THE ROMAN CATHOLIC TRADITION, PROVIDES A RIGOROUS LIBERAL ARTS AND PROFESSIONAL EDUCATION FOR A DIVERSE STUDENT POPULATION WHILE MAINTAINING A STRONG COMMITMENT TO DEVELOPING THE POTENTIAL OF WOMEN. THE UNIVERSITY IS A COMMUNITY WHICH PROMOTES THE GROWTH OF THE WHOLE PERSON IN A CARING ENVIRONMENT THAT ENCOURAGES STRONG ETHICAL VALUES, PERSONAL INTEGRITY, AND A SENSE OF RESPONSIBILITY TO THE NEEDS OF SOCIETY. CORE VALUES: *CATHOLIC IDENTITY* THE UNIVERSITY OF SAINT JOSEPH IS GROUNDED IN ITS HERITAGE AS A CATHOLIC INSTITUTION, EXPRESSING THE CATHOLIC TRADITION IN AN ECUMENICAL AND CRITICAL MANNER. *COMMITMENT TO WOMEN* THE UNIVERSITY OF SAINT JOSEPH ENCOURAGES, INSPIRES, AND CHALLENGES EACH WOMAN TO DEVELOP EVERY ASPECT OF HER PERSONHOOD; INTELLECTUAL, SPIRITUAL, SOCIAL, EMOTIONAL, AND PHYSICAL. *COMPASSIONATE SERVICE* THE UNIVERSITY OF SAINT JOSEPH PROMOTES, SUPPORTS, AND FACILITATES CARING SERVICE AS AN INTEGRAL PART O false false 45374096 13625000 50091031 COLLEGE AND MASTERS/DOCTORAL PROGRAMS THE UNIVERSITY OF SAINT JOSEPH, WHICH OFFERS OUTSTANDING EDUCATION VALUE IN UNDERGRADUATE, MASTERS, AND DOCTORAL PROGRAMS, IS LOCATED IN WEST HARTFORD, CONNECTICUT. ENHANCED BY THE CATHOLIC INTELLECTUAL TRADITION AND THE VALUES OF THE SISTERS OF MERCY, THE UNIVERSITY ENCOURAGES STUDENTS TO THRIVE IN A CULTURE OF ACHIEVEMENT AND COLLABORATION. WITH SMALL CLASSES TAUGHT BY EXPERT FACULTY, THE UNIVERSITY PROVIDES A VALUES-CENTERED EDUCATION IN AN ENVIRONMENT THAT FOSTERS LEADERSHIP, CONFIDENCE, AND CREATIVITY. IN ADDITION TO THE UNDERGRADUATE WOMEN'S COLLEGE WITH 910 STUDENTS ENROLLED, THE UNIVERSITY OF SAINT JOSEPH HAS A CO-EDUCATIONAL GRADUATE AND PROFESSIONAL STUDIES PROGRAM OFFERING MASTER'S DEGREES AND CERTIFICATES TO 1,319 STUDENTS; A CO-EDUCATIONAL WEEKEND PROGRAM SERVING 156 ADULT LEARNERS PURSUING THEIR BACCALAUREATE DEGREES; AND A SCHOOL OF PHARMACY, LOCATED IN DOWNTOWN HARTFORD, CONNECTICUT OFFERING A UNIQUE THREE CALENDAR YEAR CO-EDUCATIONAL DOCTORAL DEGREE (PHARM. D.) PROGRAM IN PHARMACY. THE SCHOOL OF PHARMACY'S INAUGURAL CLASS BEGAN IN AUGUST, 2011, WITH 67 STUDENTS; IN 2012 THE SCHOOL HAD 140 STUDENTS. 8484000 0 9995351 MODEL SCHOOLS THE UNIVERSITY IS HOME TO TWO MODEL SCHOOLS: THE GENGRAS CENTER AND THE SCHOOL FOR YOUNG CHILDREN. THE GENGRAS CENTER IS A STATE-APPROVED PRIVATE SPECIAL EDUCATION FACILITY THAT PROVIDES HIGHLY STRUCTURED, INTENSIVE AND SELF-CONTAINED SPECIAL EDUCATION PROGRAMS FOR ELEMENTARY, MIDDLE AND HIGH SCHOOL STUDENTS. IT SERVES 120 STUDENTS FROM SURROUNDING COMMUNITIES. UNIVERSITY OF SAINT JOSEPH STUDENTS FULFILL REQUIRED CLASSES IN THE FIELDS OF SPECIAL EDUCATION, NURSING, SOCIAL WORK, COUNSELING, AND NUTRITION AT THE CENTER. THE SCHOOL FOR YOUNG CHILDREN IS A NATIONALLY-ACCREDITED PRESCHOOL WHICH HAS BEEN SERVING CHILDREN SINCE 1936; IN 2012 IT ENROLLED 137 STUDENTS. IT SERVES AS A TRAINING PROGRAM FOR UNIVERSITY STUDENTS PURSUING CAREERS IN EARLY CHILDHOOD EDUCATION AND RELATED FIELDS. 53858096 true true false true false false false true false true true false false false true true true false true false false false false true true false false false true true true false true false false false false false false false false true true false false false true false false false true 249 0 true 1212 true true true false false false false true true false false false false X 23 22 false false false false true true true true true false false true true true true true true true false false AK CO DC KY ME MD MA MI NH NJ OK OR SC WA WI X WILLIAM HAWKINS CONTROLLER 8602315405 1678 ASYLUM AVENUE WEST HARTFORD CT 06117 PAMELA TROTMAN REID 37.5 X X 278860 0 99807 LAURA BERRY 1.0 X 0 0 0 JUDITH A CAREY RSM PHD 1.0 X 0 0 0 SANDRA BENDER FROMSON PHD 1.0 X 0 0 0 E CLAYTON GENGRAS JR 1.0 X 0 0 0 SHEILA W HORAN 1.0 X 0 0 0 ROSEMARY E JEFFRIES RSM PHD 1.0 X 0 0 0 WILLIAM T KOSTURKO JD 1.0 X 0 0 0 PATRICIA LESHANE 1.0 X 0 0 0 LOIS F LEWIS 1.0 X 0 0 0 MARILYN R MALERBA 1.0 X 0 0 0 MARY A MCCARTHY RSM 1.0 X 0 0 0 MICHAEL E MCDONOUGH JD 1.0 X 0 0 0 JEANNE B MEROLA 1.0 X 0 0 0 LOIS M NESCI 1.0 X 0 0 0 BREWSTER PERKINS 1.0 X 0 0 0 PATRICIA J ROONEY RSM 1.0 X 0 0 0 EDMUND M SEE JD 1.0 X 0 0 0 EDWARD G SULLIVAN CPA 1.0 X 0 0 0 ELAINE M SWEENEY RSM 1.0 X 0 0 0 JAMES WAKIM JD 1.0 X 0 0 0 CONSTANCE K WEAVER 1.0 X 0 0 0 FAY O'BRIEN RSM PHD 1.0 X 0 0 0 KATHLEEN D AMATANGELO 1.0 X 0 0 SHAWN M HARRINGTON 37.5 X 169470 0 30768 MICHELLE KALIS 37.5 X 180995 0 25327 JAMES HENKEL 37.5 X 134201 0 15237 DOUGLAS NELSON 37.5 X 156553 0 19888 BERTRAM NICHOLAS 37.5 X 126931 0 14653 JOSEPH OFOSU 37.5 X 221870 0 24978 GARY SHERMAN 37.5 X 145201 31359 1414081 0 262017 27 false true false BON APPETIT CO COMPASS GROUP USA 2400 Yorkmont Rd CHARLOTTE NC 28217 FOOD SERVICES 1489586 SODEXO INC AFFILIATES 9801 WASHINGTON BLVD GAITHERSBURG MD 20878 FACILITIES MGMT 1113608 CASHMAN KATZ LLC 76 EASTERN BLVD GLASTONBURY CT 06033 MEDIA SERVICES 320679 K-12 TEACHERS ALLIANCE 20624 ABBEY WOODS CT NORTH FRANKFORT IL 60423 MARKETING & ADMIN 943768 AUTOMATIC DATA PROCESSING INC 1 ADP BLVD ROSELAND NJ 07068 PAYROLL PROCESSING 174314 19 156302 3651046 4047663 93274 7855011 TUITION AND FEES 611710 45288077 45288077 RESIDENCE & DINING 721000 4449824 4449824 SALES & SERVICES 611710 10099866 10099866 FITNESS CENTER REVENUE 713940 118055 118055 59955822 509826 509826 0 0 98574 98574 0 98574 98574 7218000 6837526 380474 380474 380474 90372 156302 148670 -58298 -58298 0 0 WORKSHOP REVENUE 900099 108544 108544 STORM CLAIM PROCEEDS 900099 84479 84479 ADMINISTRATIVE COST ALLOWANCES 900099 61450 61450 201191 22016 51736 127439 455664 69197073 59968327 169791 1203944 0 0 13625000 13625000 0 0 833287 229327 545991 57969 0 28394494 23858714 3639012 896768 2059029 1730117 263883 65029 3752176 3152798 480875 118503 2038182 1712599 261212 64371 1148497 0 1148497 0 221157 0 221157 0 151945 0 151945 0 45500 0 0 45500 60000 60000 171073 0 171073 0 2240666 1689070 417946 133650 496590 106371 373527 16692 615173 157219 430389 27565 801379 82261 719118 0 0 2169623 1518736 650887 0 216324 160079 16980 39265 0 260787 224029 28168 8590 599747 0 599747 0 0 3040091 2128064 912027 0 320838 0 320838 0 FOOD SERVICE 1338852 1338852 0 0 PROGRAM EXPENSE 961551 824560 63635 73356 DUES & SUBSCRIPTIONS 618844 414653 158255 45936 FIXED ASSETS NOT CAPITALIZED 367486 113090 254396 0 1695782 792557 830697 72528 68244073 53858096 12660255 1725722 317522 287886 54787 21723 1493555 2356657 1866001 2204000 0 0 0 0 0 0 0 0 207299 536093 73665738 37519998 33907124 36145740 21794239 22608019 0 0 0 0 0 0 4453039 1865362 64093566 66025480 8895784 8079831 0 0 3334099 3779781 13665000 13195000 0 0 0 0 4285714 3571429 0 0 2281969 1870439 32462566 30496480 X 14060000 15874000 5106000 6835000 12465000 12820000 31631000 35529000 64093566 66025480 X 953000 1579000 1366000 X false true X true true true X false false false RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false false false false false true true 45500 false false 45500 false SCHEDULE C, PART IV LOBBYING ACTIVITIES THE UNIVERSITY OF SAINT JOSEPH BELONGS TO THE CONNECTICUT CONSORTIUM OF INDEPENDENT COLLEGES (CCIC) AND OTHER ACADEMIC ASSOCIATIONS, WHICH AT TIMES MAY ENGAGE IN LOBBYING ACTIVITIES. DURING THE YEAR ENDED JUNE 30, 2013, THE UNIVERSITY PAID AN OUTSIDE LOBBYING FIRM $45,500 FOR FEDERAL AND STATE GOVERNMENT RELATIONS AND LOBBYING SERVICES. IN ADDITION, THE UNIVERSITY MAY HAVE DIRECT CONTACT WITH LEGISLATORS, TO PROVIDE INFORMATION AND EDUCATION ABOUT THE UNIVERSITY. 675585 X X X X X TEACHING false 21663000 215000 2292000 586000 505000 23079000 21406000 1085000 -51000 553000 224000 21663000 15495000 3730000 2921000 450000 290000 21406000 15503000 82000 1622000 349000 1363000 15495000 18110000 316000 -2058000 338000 527000 15503000 0.29000 0.71000 false false 660380 660380 44555307 19904467 24650840 2447942 1230281 1217661 20203570 13033001 7170569 5798539 3352249 2446290 36145740 0 CAPITAL LEASE OBLIGATION 123062 GOVERNMENT GRANTS REFUNDABLE 349729 SHORT-TERM LINE OF CREDIT 1397648 1870439 X 58346000 1579000 1366000 2945000 55401000 171073 13625000 13796073 69197073 54448000 54448000 171073 13625000 13796073 68244073 PART III, LINE 4 ORGANIZATION'S COLLECTION OF ART THE UNIVERSITY OF SAINT JOSEPH ART GALLERY OPENED IN 2001 IN THE CAROL AUTORINO CENTER FOR THE ARTS AND HUMANITIES; IT NOW HOUSES A COLLECTION OF OVER 2,000 WORKS OF ART. A PAINTINGS COLLECTION THAT IS FOCUSED ON AMERICAN ART OF THE TWENTIETH CENTURY, INCLUDING WORKS BY THOMAS HART BENTON, GEORGIA O'KEEFE AND MILTON AVERY, IS COMPLEMENTED BY A COLLECTION OF WORKS OF ART ON PAPER THAT RANGES FROM SIXTEENTH-CENTURY EUROPEAN PRINTS TO NINETEENTH-CENTURY JAPANESE WOODBLOCK PRINTS AND CONTEMPORARY AMERICAN WORKS. WITH SIX EXHIBITION GALLERIES, A PRINT STUDY ROOM, AND UP-TO-DATE ART STORAGE FACILITIES, THE UNIVERSITY OF SAINT JOSEPH ART GALLERY HAS MADE THE UNIVERSITY'S COLLECTION MORE ACCESSIBLE AND HAS OPENED A MYRIAD OF OPPORTUNITIES FOR THE STUDY AND ENJOYMENT OF ART. EACH YEAR SPECIAL EXHIBITIONS ARE PRESENTED IN ADDITION TO CHANGING INSTALLATIONS OF THE PERMANENT COLLECTION. A VARIETY OF EDUCATIONAL PROGRAMS ARE OFFERED FOR THE UNIVERSITY COMMUNITY AND THE GENERAL PUBLIC. PART V, LINE 4 ENDOWMENT FUNDS THE UNIVERSITY'S ENDOWMENT CONSISTS OF APPROXIMATELY 170 INDIVIDUAL FUNDS ESTABLISHED FOR A VARIETY OF PURPOSES, INCLUDING BOTH DONOR-RESTRICTED ENDOWMENT FUNDS AND FUNDS DESIGNATED BY THE UNIVERSITY TO FUNCTION AS ENDOWMENTS (QUASI - ENDOWMENT). THE UNIVERSITY MANAGES ITS LONG-TERM INVESTMENTS IN ACCORDANCE WITH THE TOTAL RETURN CONCEPT AND THE GOAL OF MAXIMIZING LONG-TERM RETURN WITHIN ACCEPTABLE LEVELS OF RISK. THE UNIVERSITY'S SPENDING POLICY IS DESIGNED TO PROVIDE A STABLE LEVEL OF FINANCIAL SUPPORT AND TO PRESERVE THE REAL VALUE OF ITS ENDOWMENT. THE UNIVERSITY COMPARES THE PERFORMANCE OF ITS INVESTMENTS AGAINST SEVERAL BENCHMARKS. PART X, LINE 2 FIN 48 MEMO THE UNIVERSITY WAS GRANTED AN EXEMPT STATUS UNDER THE INTERNAL REVENUE CODE (IRC) SECTION 501(A), AS AN ORGANIZATION DESCRIBED IN SECTION 501(C)(3). UNDER IRC SECTION 501(A) THE UNIVERSITY IS GENERALLY EXEMPT FROM INCOME TAXES. THE UNIVERSITY BELIEVES IT HAS TAKEN NO SIGNIFICANT UNCERTAIN TAX POSITIONS. PART XI, LINE 2D OTHER AMOUNTS INCLUDED ON BOOKS BUT NOT ON RETURN ADJUSTMENT TO ASSET RETIREMENT OBLIGATION 943,000 NET GAIN ON INTEREST RATE SWAP 423,000 ____________ TOTAL 1,366,000 PART XI, LINE 4B OTHER AMOUNTS INCLUDED ON RETURN BUT NOT BOOKS FINANCIAL AID 13,625,000 ____________ TOTAL 13,625,000 PART XII, LINE 4B OTHER EXPENSES INCLUDED ON RETURN BUT NOT ON BOOKS FINANCIAL AID 13,625,000 ____________ TOTAL 13,625,000 true true true true true true true false false false false false false false false true false true PUBLICIZING NON DISCRIMINATION POLICY THE UNIVERSITY PUBLISHES ITS NON-DISCRIMINATION POLICY IN THE MAJOR NEWSPAPER IN THE METROPOLITAN REGION FROM WHICH MOST OF ITS STUDENTS COME. FINANCIAL AID FROM GOVERNMENT AGENCY THE UNIVERSITY OF SAINT JOSEPH RECEIVES FINANCIAL AID OR ASSISTANCE FROM GOVERNMENTAL AGENCIES FOR THE BENEFIT OF THE UNIVERSITY'S STUDENTS. X X X X X X X true PAMELA P WEST 9 WHITEHALL PL FARMINGTON CT 06032 CONSULTING false 0 60000 -60000 0 60000 -60000 AL AK AR CA CO CT DE DC FL GA HI ID IL IN IA KS KY LA ME MD MA MI MN MS MO MT NE NV NH NJ NM NY NC ND OH OK OR PA RI SC SD TN TX UT VT VA WA WV WI WY GALA 213045 155242 57803 0 0 30000 48555 2650 56705 FUNDRAISER SYC 20459 535 19924 0 0 0 2300 0 3087 1 13170 525 12645 0 0 0 4072 0 1301 246674 156302 90372 0 0 30000 54927 2650 61093 148670 -58298 PAID FUNDRAISER SCHEDULE G, PART 1, LINE 2B THE UNIVERSITY ENGAGED PAMELA WEST AS A FUNDRAISING CONSULTANT IN CONNECTION WITH THE PLANNING AND IMPLEMENTATION OF A CAMPAIGN TO RAISE FUNDS FOR THE CENTER FOR INTEGRATIVE EDUCATION, A MAJOR INITIATIVE. THE CAMPAIGN IS A MULTI-YEAR EFFORT REQUIRING SIGNIFICANT ADVANCE PLANNING. true COLLEGE SCHOLARSHIPS & GRANTS 813 13625000 FMV SCHOLARSHIPS MONITOR THE USE OF GRANT FUNDS PART I, LINE 2 THE UNIVERSITY'S GRANTS IN THE US CONSIST OF FINANCIAL AID AWARDS WHICH ARE APPLIED AGAINST STUDENTS' RECEIVABLE BALANCES DUE TO THE UNIVERSITY. THE UNIVERSITY MONITORS THESE GRANTS BY CONTROLLING THE APPLICATION OF GRANTS TO STUDENTS' BALANCES. X X true true X X X X X false false false false false false false false false PAMELA TROTMAN REID 275809 0 0 0 3051 0 45704 0 54103 0 378667 0 0 0 SHAWN M HARRINGTON 169470 0 0 0 0 0 19635 0 11133 0 200238 0 0 0 MICHELLE KALIS 180995 0 0 0 0 0 20196 0 5131 0 206322 0 0 0 DOUGLAS NELSON 156553 0 0 0 0 0 17270 0 2618 0 176441 0 0 0 JOSEPH OFOSU 221870 0 0 0 0 0 24485 0 493 0 246848 0 0 0 GARY SHERMAN 144147 1054 17215 14144 176560 0 PRESIDENT'S HOUSING SCHEDULE J, PART I, LINE 1 AS A CONDITION OF EMPLOYMENT, THE PRESIDENT IS REQUIRED TO LIVE IN THE PRESIDENTIAL RESIDENCE LOCATED ON THE UNIVERSITY CAMPUS. THE FAIR MARKET VALUE OF THE HOUSING IN THE AMOUNT OF $48,660 HAS BEEN INCLUDED IN THE PRESIDENT'S NONTAXABLE BENEFITS. HEALTH AND SOCIAL CLUB DUES SCHEDULE J, PART I, QUESTION 1A THE UNIVERSITY PAYS MEMBERSHIP DUES AT THE HARTFORD CLUB AND THE HARTFORD GOLF CLUB FOR THE PRESIDENT OF THE UNIVERSITY. THESE MEMBERSHIPS ALLOW THE PRESIDENT TO MEET WITH MEMBERS OF THE COMMUNITY TO PROMOTE THE AIMS OF THE UNIVERSITY. NO PERSONAL USE IS PERMITTED, AND THE AMOUNT OF THE DUES IS NOT INCLUDED IN THE PRESIDENT'S W-2. A CONNECTICUT HEALTH EDUCATION FACILITIES AUTHORITY 060806186 20774UUB9 2008-04-30 15000000 Residence Halls & Refunding false false false B CONNECITUCT HEALTH EDUCATION FACILITIES AUTHORITY 060806186 2011-08-01 5000000 EQUIPMENT FINANCING false false false A 1805000 0 15000000 0 0 0 300000 28547 0 5949839 8721614 0 2008 false true true true B 0 0 5000000 0 0 0 0 0 0 4063713 0 936287 false false false true A false false false false 0 false false false true B false false false false 0 false false false true A false true true ROYAL BANK OF CANADA 10. false false false 0 false false B false false false 0 false 0 false false A false B false PROCEEDS IN REFUNDING ESCROW SCHEDULE K, PART II, LINE 6 OF THE AMOUNT SHOWN ON PART II, LINE 11 "OTHER SPENT PROCEEDS," $8,716,111 WAS PUT INTO A REFUNDING ESCROW ACCOUNT. ADVANCE REFUNDING SCHEDULE K, PART II, LINE 11 OF THE PROCEEDS FROM SERIES B BONDS ISSUED ON APRIL 3, 2008, $8,716,111 WAS AN ADVANCE REFUNDING OF MAY 1999 BONDS. BOND-FINANCED FACILITIES SCHEDULE K, PART III, LINE 7 THE UNIVERSITY REVIEWS EVERY ACTIVITY PROPOSED FOR ITS BOND-FINANCED FACILITIES, AND DOES NOT ALLOW ANY PRIVATE-USE ACTIVITY IN THOSE FACILITIES. WRITTEN OVERSIGHT POLICY SCHEDULE K, PART IV, LINE 7 AND PART V THE UNIVERSITY THOROUGHLY REVIEWS ITS BOND ACTIVITY TO ENSURE THAT VIOLATIONS TO FEDERAL TAX REQUIREMENTS ARE IDENTIFIED AND CORRECTED. HOWEVER, THE UNIVERSITY DOES NOT MAINTAIN WRITTEN POLICIES FOR THESE REVIEWS. X 1 0 SEE PART II X 8 93274 AVG. OF MARKET X Catering 1 0 SEE PART II X Auction prizes 66 0 SEE PART II X OTHER MISCELLANEOUS 6 0 SEE PART II 1 false true false NONCASH CONTRIBUTIONS SCHEDULE M, PART I OTHER THAN CONTRIBUTIONS OF STOCK, NON-CASH ITEMS ARE NOT INCLUDED IN THE FINANCIAL STATEMENTS OF THE UNIVERSITY UNLESS THEY ARE SIGNIFICANT IN AMOUNT. FOR 2012, THE UNIVERSITY RECEIVED 1 ITEM OF ARTWORK, 66 AUCTION ITEMS, AND 7 OTHER MISCELLANEOUS ITEMS WHICH WERE RECORDED AT ZERO VALUE. FORM 990, PART VI, QUESTION 6 ORGANIZATION'S MEMBERS THE CONFERENCE FOR MERCY HIGHER EDUCATION, INC. ACTS AS A CORPORATE MEMBER OF THE UNIVERSITY OF SAINT JOSEPH. FORM 990, PART VI, QUESTION 7A ROLE OF SISTERS OF MERCY ELECTION TO THE BOARD OF TRUSTEES IS BY MAJORITY VOTE OF THE UNICAMERAL BODY, WHICH CONSISTS OF THE BOARD OF TRUSTEES, AND ONE PERSON DESIGNATED BY THE MEMBER OF THE CORPORATION (THE CONFERENCE FOR MERCY HIGHER EDUCATION, INC., A MARYLAND NON-STOCK, NOT-FOR-PROFIT CORPORATION, ACTING BY AND THROUGH ITS DULY CONSTITUTED AND AUTHORIZED OFFICERS.) FORM 990, PART VI, QUESTION 7B ROLE OF SISTERS OF MERCY THE FOLLOWING ACTIONS REQUIRE AN AFFIRMATIVE VOTE BY THE MEMBER OF THE CORPORATION (THE CONFERENCE FOR MERCY HIGHER EDUCATION, INC.) IN ORDER TO BE VALID: *DISSOLUTION OF THE CORPORATION, OR CESSATION OF OPERATION AS A UNIVERSITY AND INSTITUTION OF HIGHER EDUCATION; *SALE OF LAND; *SALE, LEASE, EXCHANGE, MORTGAGE, PLEDGE, OR ANY OTHER DISPOSITION OF OTHER ASSETS OR PROPERTY OF THE CORPORATION, IN OTHER THAN THE ORDINARY COURSE OF BUSINESS. APPOINTMENT OR REMOVAL OF THE PRESIDENT OF THE UNIVERSITY IS BY MAJORITY VOTE OF THE UNICAMERAL BODY, WHICH CONSISTS OF THE BOARD OF TRUSTEES AND ONE PERSON DESIGNATED BY THE MEMBER OF THE CORPORATION (THE CONFERENCE FOR MERCY HIGHER EDUCATION, INC.) FORM 990, PART VI, QUESTION 11 FORM 990 REVIEW PROCESS THE FORM 990 IS REVIEWED IN DRAFT FORM BY THE AUDIT COMMITTEE OF THE BOARD OF TRUSTEES. THE FINAL VERSION IS DISTRIBUTED TO THE BOARD OF TRUSTEES IN ADVANCE OF FILING. FORM 990, PART VI, QUESTION 12 CONFLICT OF INTEREST POLICY THE PRESIDENT'S OFFICE SENDS ANNUAL CONFLICT OF INTEREST QUESTIONNAIRES TO MEMBERS OF THE BOARD OF TRUSTEES. THE VICE PRESIDENT FOR FINANCE AND ADMINISTRATION REVIEWS THE COMPLETED QUESTIONNAIRES, AND PRESENTS THE RESULTS TO THE BOARD'S AUDIT COMMITTEE. FORM 990, PART VI, QUESTIONS 15A AND SCHEDULE J PART I, QUESTION 3 COMPENSATION POLICY THE PROCESS FOR DETERMINING THE COMPENSATION FOR THE PRESIDENT MEETS THE THREE REQUIREMENTS OF THE REBUTTABLE PRESUMPTION. COMPENSATION FOR THE UNIVERSITY'S PRESIDENT IS SET BY THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES, WHICH IS COMPOSED OF INDIVIDUALS WHO DO NOT HAVE A CONFLICT OF INTEREST REGARDING THE TRANSACTION. THE PROCESS INCLUDES THE COMPARISON WITH COMPENSATION OF PRESIDENTS OF COMPARABLE INSTITUTIONS, BY MEANS OF INDUSTRY SURVEYS AND REVIEW OF FORM 990'S; AND CONTEMPORANEOUS DOCUMENTATION OF DELIBERATIONS AND DECISIONS REGARDING THE COMPENSATION AGREEMENT. THE PRESIDENT'S COMPENSATION AGREEMENT IS A WRITTEN DOCUMENT. THIS FULL PROCESS WAS MOST RECENTLY UNDERTAKEN DURING THE YEAR ENDED JUNE 30, 2011. FORM 990, PART VI, LINE 19 PUBLIC DISCLOSURE THE ORGANIZATION'S FORM 990, GOVERNING DOCUMENTS, AND AUDITED FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. IN ADDITION, THE FORM 990 AND THE AUDITED FINANCIAL STATEMENTS ARE AVAILABLE THROUGH THE UNIVERSITY'S WEBSITE. THE FORM 990 IS ALSO POSTED ON WWW.GUIDESTAR.ORG FORM 990, PART XI, LINE 9 OTHER CHANGES IN NET ASSETS OR FUND BALANCES GAIN ON INTEREST RATE SWAPS 423,000 ADJUSTMENT TO ASSET RETIREMENT OBLIGATION 943,000 _______________ OTHER CHANGES IN NET ASSETS 1,366,000 CONFERENCE FOR MERCY HIGHER EDUCATION 8380 COLESVILLE ROAD SUITE 300 SILVER SPRING MD 20910 EDUCATION MD 501(C)(3) 1 NA false false false false false false false false false false false false false false false false false false false