2014-12-09T13:11:12-06:00 2013-06-30 BKD LLP 200 E Main St Suite 700 Fort Wayne IN 46802 990 2012-07-01 381358399 MARYGROVE COLLEGE % SORIN DRAGOIU MARY 3139271200 8425 WEST MCNICHOLS Suite DETROIT MI 48221 Marjorie C Swan 3139271226 2014-05-15 true Joyce A Dulworth 2604604000 2012 2015-11-30 17:44:51Z DR DAVID FIKE 8425 W MCNICHOLS DETROIT MI 48221 39732704 false X WWW.MARYGROVE.EDU X 1959 MI PROVIDE AN INDEPENDENT, CATHOLIC LIBERAL ARTS HIGHER EDUCATION FOCUSED ON URBAN LEADERSHIP AIMED TOWARDS STUDENTS FROM DIVERSE BACKGROUNDS, AND TO SERVE THE PEOPLE OF METROPOLITAN DETROIT AND BEYOND. 19 19 985 100 0 2598554 6005279 29374491 29030805 348432 346305 -1963 -1067 32319514 35381322 9875469 10616473 0 0 17567593 16559424 0 0 686920 10219778 10448810 37662840 37624707 -5343326 -2243385 34792269 34013606 16427641 17963271 18364628 16050335 X MARYGROVE COLLEGE, AN INDEPENDENT CATHOLIC LIBERAL ARTS COLLEGE SPONSORED BY SISTERS, SERVANTS OF THE IMMACULATE HEART OF MARY, IS COMMITTED TO FOSTERING CHRISTIAN VALUES, TO EDUCATING STUDENTS FROM DIVERSE BACKGROUNDS, AND TO SERVING THE PEOPLE OF METROPOLITAN DETROIT AND BEYOND. THE FUNDAMENTAL PURPOSE OF MARYGROVE COLLEGE IS TO EDUCATE EACH STUDENT TOWARD INTELLECTUAL AND PROFESSIONAL COMPETENCE; TOWARD CAREER FLEXIBILITY THROUGH GROUNDING IN THE LIBERAL ARTS; AND TOWARD ACTIVE COMPASSION AND COMMITMENT. false false 31777334 10616473 29030805 MARYGROVE PROVIDED EDUCATIONAL INSTRUCTION, STUDENT SERVICES, ACADEMIC SUPPORT AND ADMINISTRATIVE SUPPORT TO STUDENTS AT THE UNDERGRADUATE, GRADUATE, AND EXTENDED LEARNING LEVELS. MARYGROVE OFFERS SMALL CLASSES TAUGHT BY PROFESSORS AND REAL-WORLD EXPERTS WHO INSTILL VALUABLE STRATEGIC KNOWLEDGE. 31777334 true true false false false false false false false true true false false false true false true false true false true false false false true false false false true true false false false false false false false false true false false false false false false false false true 3801 0 true 985 true false false false false false true true false false false false false false false X 19 19 false false false false false false false true true false false true true true true true true true true false X SORIN DRAGOIU 3139271226 8425 WEST MCNICHOLS DETROIT MI 48221 MAREDA BABCOCK 1.0 X 0 0 0 PAULETTE M BALICH 1.0 X X 0 0 0 MARYFRANCES BARBER IHM 1.0 X 0 0 0 KAY BENESH 1.0 X 0 0 0 ALFRED BINFORD 1.0 X 0 0 0 ELIZABETH BURNS 1.0 X X 0 0 0 JOHN C CAVANAUGH 1.0 X 0 0 0 JUDITH DART 1.0 X 0 0 0 DIANCE DEFRANCIS 1.0 X 0 0 0 NANCY GESHKE 1.0 X 0 0 0 MARY ANN HINSDALE IHM 1.0 X 0 0 0 SHARON HOLLAND 1.0 X 0 0 0 JAMES HEIMBUCH 1.0 X 0 0 0 DONNA JURITH 1.0 X 0 0 0 MAXIN KOLLASCH 1.0 X 0 0 0 PATRICIA MCCLUSKEY 1.0 X X 0 0 0 LINDA PARKER 1.0 X 0 0 0 LEROY RICHIE 1.0 X 0 0 0 SUZANNE SATTLER 1.0 X 0 0 0 DAVID FIKE 60.0 X 264615 0 12605 WILLIAM JOHNSON 60.0 X 204892 0 13211 JANE HAMMANG-BUHL 60.0 X 139626 0 1865 KEN MALECKE 60.0 X 182142 0 7597 791275 0 35278 4 false true false OVATIONS PO BOX 261 NEW HUDSON MI 48165 DINING SERVICES 1141815 THE LEARNING HOUSE INC 333 GUTHRIE STREET SUITE 200 LOUISVILLE KY 40202 EDUCATIONAL PARTNER 865200 BARNES AND NOBLE 120 MOUNTAIN VIEW BLVD BASKIN RIDGE NJ 07920 BOOKSTORE 345000 CARETECH SOLUTIONS INC PO BOX 674271 DETROIT MI 482674271 TECHNOLOGY SERVICES 783792 MBS DIRECT PO BOX 617 COLUMBUS OH 652050617 BOOKS FOR MAT 253193 19 18273 1042254 4944752 2109648 6005279 TUITION AND FEES 611710 23509221 23509221 AUXILIARY SERVICES 611710 337981 337981 RESIDENCE HALL 611710 506158 506158 STUDENT FINANCIAL AID 611710 4372421 4372421 OTHER PROGRAM SERVICE REVENUE 611710 305024 305024 29030805 198900 198900 0 0 0 0 0 4489105 4341700 147405 147405 147405 8615 18273 9682 -1067 -1067 0 0 0 35381322 29030805 345238 0 10616473 10616473 0 0 620732 226043 327439 67250 0 12837088 10136478 2364125 336485 103952 80043 20790 3119 2019297 1554859 403859 60579 978355 753333 195671 29351 0 74790 74790 61150 61150 0 0 39647 39647 1167869 899259 233574 35036 574610 442450 114922 17238 1411664 1086981 282333 42350 1249347 961998 249869 37480 0 749914 577434 149983 22497 523519 403109 104704 15706 0 336454 259069 67291 10094 452897 452897 0 1531132 1178972 352160 251966 194014 50393 7559 TRAINING 72521 55841 14504 2176 BAD DEBT EXPENSE 769111 769111 FOOD SERVICE PROVIDER 916270 916270 MISCELLANEOUS 265949 212700 53249 37624707 31777334 5160453 686920 900 1200 1645740 782970 404160 2152562 951458 1317492 0 0 0 0 3271637 3313363 0 0 595004 623712 40576778 21335461 20542085 19241317 7078302 6263747 0 0 0 0 0 0 302983 317243 34792269 34013606 1454131 1184924 0 0 1698407 1704566 0 0 0 0 0 0 9935907 11737017 0 0 3339196 3336764 16427641 17963271 X 14200966 11371989 2721477 3227161 1442185 1451185 18364628 16050335 34792269 34013606 -2243385 -70908 X false true X true true true X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1409295 9000 33722 9354 1442663 1376521 8860 50258 26344 1409295 1230575 52578 95118 1750 1376521 1114571 16000 100504 500 1230575 1482695 -337759 30365 1114571 0.97520 0.02480 false false 987097 987097 26447757 11229986 15217771 2625467 997385 1628082 10494667 9108090 1386577 21790 21790 19241317 0 DEPOSITS FROM STUDENTS 107358 STUDENT LOANS 3229406 3336764 35280449 -70908 9682 -61226 35341675 39647 39647 35381322 37594742 9682 9682 37585060 39647 39647 37624707 ENDOWMENT ASSETS ENDOWMENT ASSETS INCLUDE THOSE ASSETS OF DONOR-RESTRICTED ENDOWMENT FUNDS THE COLLEGE MUST HOLD IN PERPETUITY. UNDER THE COLLEGE'S POLICIES, ENDOWMENT ASSETS ARE INVESTED IN A MANNER THAT IS INTENDED TO PRODUCE RESULTS THAT EXCEED, ON AVERAGE, ANNUAL ENDOWMENT EXPENDITURES WHILE ASSUMING A MODERATE LEVEL OF RISK. RESTRICTED NET ASSETS ARE RESTRICTED TO INVESTMENT IN PERPETUITY, THE INCOME OF WHICH IS EXPENDABLE TO SUPPORT SCHOLARSHIPS AND OPERATIONS. ASC FOOTNOTE MANAGEMENT HAS EVALUATED THEIR INCOME TAX POSITIONS UNDER THE GUIDANCE INCLUDED IN ASC 740. BASED ON THEIR REVIEW, MANAGEMENT HAS NOT IDENTIFIED ANY MATERIAL UNCERTAIN TAX POSITIONS TO BE RECOURDED OR DISCLOSED IN THE FINANCIAL STATEMENTS. PART XI & XII LINE 2D SPECIAL EVENTS $9,682 true true true true true true true false false false false false false false false true false true PART I LINE 3 THE RACIALLY NONDISCRIMINATORY POLICY IS INCLUDED IN THE UNDERGRADUATE AND GRADUATE ACADEMIC CATALOGS, ON THE WEBSITE WITHIN THE ADMISSION REQUIREMENTS SECTION, AND THE STUDENT HANDBOOK. LINE 6B GOVERNMENTAL AID/ASSISTANCE IS PROVIDED THROUGH PELL, SEOG, AND TEACH GRANTS. STUDENTS ALSO RECEIVE GOVERNMENTAL AID THROUGH THE FEDERAL WORK STUDY PROGRAM, STAFFORD LOANS, PERKINS LOANS, AND VARIOUS STATE BASED SCHOLARSHIPS AND AWARDS. true South America Program Services STUDY ABROAD 33088 Europe (Including Iceland and Greenland) Program Services STUDY ABROAD 17592 Central America and the Caribbean Program Services STUDY ABROAD 15724 East Asia and the Pacific Program Services STUDY ABROAD 25732 92136 92136 false false false false false false PART I LINE 2 ACTIVITIES OUTSIDE THE UNITED STATES RELATE TO STUDY ABROAD TRIPS. EXPENDITURES OF COLLEGE FUNDS DURING STUDY ABROAD TRIPS ARE MONITORED BY STAFF AND FACULTY CHAPERONES ACCOMPANYING STUDENTS ON THE TRIP. THESE EXPENDITURES ARE REVIEWED AND APPROVED BY FACULTY AND STAFF SUPERVISORS. GOLF SCRAMBLE 26888 18273 8615 600 7145 1937 0 26888 18273 8615 600 7145 1937 9682 -1067 true GRANTS AND SCHOLARSHIPS 1338 10616473 MONITORING USE OF GRANT FUNDS MARYGROVE COLLEGE ASSISTS STUDENTS ON THE BASIS OF FINANCIAL NEED, STUDENT ACCOMPLISHMENT AND ACADEMIC ACHIEVEMENT. ALL STUDENTS REQUESTING FINANCIAL ASSISTANCE MUST COMPLETE THE FREE APPLICATION FOR FEDERAL STUDENT AID. THIS INFORMATION IS REVIEWED BY MARYGROVE COLLEGE FINANCIAL AID STAFF. GRANT AWARDS ARE CREDITED DIRECTLY TO THE STUDENT ACCOUNTS. X X X true true X X X false false false false false false false false false DAVID FIKE 264615 0 0 0 0 0 3033 0 9572 0 277220 0 0 0 WILLIAM JOHNSON 204892 0 0 0 0 0 2348 0 10863 0 218103 0 0 0 KEN MALECKE 182142 0 0 0 0 0 1966 0 5631 0 189739 0 0 0 EXPLANATION OF BENEFITS THE PRESIDENT, DR. DAVID FIKE, RECEIVES A HOUSING ALLOWANCE WHICH IS INCLUDED ON HIS W-2. SOCIAL CLUB DUES AND TRAVEL FOR COMPANIONS ARE PROVIDED AS WELL FOR BUSINESS AND NETWORKING PURPOSES. ANY NON-BUSINESS PERSONAL USE IS ALSO INCLUDED ON THE PRESIDENT'S W-2. ADDITIONALLY, A HOUSING ALLOWANCE IS PROVIDED FOR THE VICE PRESIDENT OF FINANCE AND ADMINISTRATION, WILLIAM JOHNSON, AND IS INCLUDED ON HIS W-2. X 1 2109648 FMV false true true PART I LINE 32B THE COLLEGE USES NORTHERN TRUST TO SELL CONTRIBUTIONS OF MARKETABLE SECURITIES. PART VI QUESTION 11A THE FORM 990, IN ITS ENTIRETY, IS REVIEWED BY THE VICE PRESIDENT OF FINANCE AND ADMINISTRATION AND THE CHAIRS OF THE AUDIT AND FINANCE COMMITTEES. THE FORM 990 IS ALSO REVIEWED BY AN INDEPENDENT CPA FIRM. PRIOR TO SUBMISSION OF THE FORM 990, A COPY OF THE COMPLETED FORM IS PROVIDED TO THE ENTIRE BOARD OF TRUSTEES. AFTER THE PROCESS, THE FORM AND SCHEDULES ARE SUBMITTED TO THE IRS. PART VI QUESTION 12C THE COLLEGE SENDS AN ANNUAL CONFLICT OF INTEREST QUESTIONNAIRE TO OFFICERS, TRUSTEES, KEY EMPLOYEES AND HIGHEST COMPENSATED EMPLOYEES. THE QUESTIONNAIRE REQUIRES DISCLOSURE OF BUSINESS AND FAMILY RELATIONSHIPS, AS WELL AS TRANSACTIONS THAT WOULD IMPEDE INDEPENDENCE IN ACCORDANCE WITH THE COLLEGE'S CONFLICT OF INTEREST POLICY. THE COMPLETED QUESTIONNAIRES ARE REVIEWED BY THE VICE PRESIDENT OF FINANCE AND ADMINISTRATION. ANY CONFLICTS ARE DISCUSSED WITH THE CHAIRS OF THE AUDIT AND FINANCE COMMITTEES TO DETERMINE THE NECESSARY COURSE OF ACTION. Additionally, the Vice President for Finance and Administration reviews all accounts payable vouchers to confirm payments are not made to Trustees or key employees other than as relates to their official role. PART VI QUESTION 15A & 15B A COMMITTEE OF THE BOARD OF TRUSTEES PERFORMS A REVIEW OF THE PRESIDENT'S CONTRACT AT THE TIME OF CONTRACT EXPIRATION. THE VICE PRESIDENT OF FINANCE AND ADMINISTRATION'S COMPENSATION WAS APPROVED AT THE TIME OF HIRE BY KEY MEMBERS OF THE BOARD. DURING THE HIRING PROCESS, THE BOARD COMPARES COMPENSATION TO BENCHMARKS WITHIN THE INDUSTRY STANDARD. PART VI QUESTION 19 THE CONFLICT OF INTEREST POLICY, FINANCIAL STATEMENTS AND GOVERNING DOCUMENTS ARE AVAILABLE UP0N REQUEST.