2013-04-30T13:15:43-05:00 2012-06-30 232932984 PARENTEBEARD LLC 46 PUBLIC SQUARE SUITE 400 WILKESBARRE PA 18701 990 2011-07-01 240795453 MARYWOOD UNIVERSITY MARY 5703486222 2300 ADAMS AVENUE SCRANTON PA 185091598 JOSEPH GARVEY JR CPA 5703486222 2013-04-26 1 JULIUS GREEN CPA P00350393 5708200100 2013-04-26 2011 2016-02-25 16:41:14Z JOSEPH GARVEY JR CPA 2300 ADAMS AVENUE SCRANTON PA 185091598 104523800 0 X WWW.MARYWOOD.EDU X 1915 PA TO PROVIDE AN EDUCATION IN THE IMMACULATE HEART OF MARY TRADITION OF ACADEMIC EXCELLENCE. 30 30 2149 0 554457 -39043 7099889 8635667 83688746 87741048 -85403 1091809 5572973 6472984 96276205 103941508 29655244 31382889 0 0 38947769 41629932 75259 86652 1470011 24971224 26323016 93649496 99422489 2626709 4519019 175570601 183677851 63615546 69122577 111955055 114555274 X A CATHOLIC UNIVERSITY SPONSORED BY THE CONGREGATION OF THE SISTERS, SERVANTS OF THE IMMACULATE HEART OF MARY, MARYWOOD UNIVERSITY ROOTS ITSELF IN THE PRINCIPLE OF JUSTICE AND A BELIEF THAT EDUCATION EMPOWERS PEOPLE. ENACTING ITS IDEALS, MARYWOOD OFFERS STUDENTS A WELCOMING AND SUPPORTIVE COMMUNITY THAT ENCOURAGES MEN AND WOMEN OF ALL BACKGROUNDS TO SHAPE THEIR LIVES AS LEADERS IN SERVICE TO OTHERS. PROUD OF ITS LIBERAL ARTS TRADITION AND HOST OF PROFESSIONAL DISCIPLINES, MARYWOOD CHALLENGES STUDENTS TO BROADEN THEIR UNDERSTANDING OF GLOBAL ISSUES AND TO MAKE DECISIONS BASED ON SPIRITUAL, ETHICAL, AND RELIGIOUS VALUES. MARYWOOD CALLS UPON STUDENTS TO SEEK THEIR FULL POTENTIAL AND INVITES ALL TO ENGAGE IN A LIFELONG PROCESS OF LEARNING. WITNESSING THE EFFICACY OF TEACHING AND SCHOLARSHIP, MARYWOOD EDUCATES STUDENTS TO LIVE RESPONSIBLY IN A DIVERSE AND INTERDEPENDENT WORLD. 0 0 69138905 31382889 54768403 INSTRUCTION AND SCHOLARSHIPS - PROVIDED UNDERGRADUATE AND GRADUATE INSTRUCTION TO 2,722 FULL-TIME AND 757 PART-TIME STUDENTS. ALSO OFFERED NON-CREDIT WORKSHOPS FOR CONTINUING EDUCATION PURPOSES. 6944676 9908533 RESEARCH AND ACADEMIC SUPPORT - PROVIDED STUDENT SERVICES TO SUPPORT INSTRUCTION NOTED ABOVE. THIS INCLUDES LIBRARY, MEDIA, COMPUTER, ATHLETICS, HEALTH SERVICES, AND MORE. 10438214 14563488 AUXILIARY SERVICES - PROVIDED DORMITORY AND FOOD SERVICES TO 1,013 RESIDENT STUDENTS AND FOOD SERVICES TO COMMUTER STUDENTS AND CAMPUS STAFF. ALSO OPERATED THE CAMPUS BOOKSTORE AND DAY CARE CENTER. 86521795 1 1 0 1 0 0 0 1 0 1 1 0 0 0 1 1 1 0 1 0 1 1 0 1 0 0 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 1 131 0 1 2149 1 1 1 0 0 0 0 0 0 0 0 0 X 30 30 0 1 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 PA X JOSEPH GARVEY JR CPA 5709614779 2300 ADAMS AVENUE LIBERAL ARTS SCRANTON PA 185091598 MARY ANN CONABOY ABRAHAMSEN 1.00 X 0 0 0 SISTER JEAN LOUISE BACHETTI IHM 1.00 X 0 0 0 RICHARD BEASLEY 1.00 X 0 0 0 LORRAINE BREEN 1.00 X 0 0 0 PATRICK BRIER 1.00 X 0 0 0 MICHAEL E BUGNO 1.00 X 0 0 0 PETER J DANCHAK 1.00 X 0 0 0 LEE A DEHIHNS III 1.00 X 0 0 0 SISTER SUZANNE DELANEY IHM 1.00 X 0 0 0 ATTORNEY TRACY DISKIN DOHERTY 1.00 X 0 0 0 FRANK A EPIFANO 1.00 X 0 0 0 PATRICK J FRICCHIONE MD 1.00 X 0 0 0 SISTER NANCY HAWKINS IHM 1.00 X 0 0 0 ANN R HENRY PHD 1.00 X 0 0 0 MICHAEL INSALACO 1.00 X 0 0 0 WILLIAM R LYNETT 1.00 X 0 0 0 DOROTHY L MAGNOTTA 1.00 X 0 0 0 MARY ELLEN MCDONOUGH 1.00 X 0 0 0 SISTER MARY ELLEN MERRICK IHM 1.00 X 0 0 0 MARY C MURRAY 1.00 X 0 0 0 CATHERINE G QUINNAN 1.00 X 0 0 0 MARY KAY ROTERT 1.00 X 0 0 0 VIRGINIA P SHIELDS 1.00 X 0 0 0 JOHN P SWEENEY SR 1.00 X 0 0 0 JOHN T TIGHE III 1.00 X 0 0 0 MONSIGNOR DAVID L TRESSLER 1.00 X 0 0 0 SISTER ANNE MUNLEY IHM 35.00 X X 0 0 1484 MARION MUNLEY 1.00 X X 0 0 0 PATRICIA J GLINSKY 1.00 X X 0 0 0 ANTONIA M SCHIERLING 1.00 X X 0 0 0 RICHARD KANE 1.00 X X 0 0 0 JOSEPH X GARVEY JR 35.00 X 154739 0 26723 DR RAYMOND HEATH 35.00 X 148290 0 16681 DR ALAN LEVINE 35.00 X 150412 0 28713 MARY THERESA PATERSON 35.00 X 85684 0 13636 DR CLAYTON N PHEASANT 35.00 X 152563 0 27421 COLLIER PARKER 35.00 X 120568 0 25772 DR LLOYD LYTER 35.00 X 127032 0 19587 GREGORY KEANE HUNT 35.00 X 126566 0 19169 DR MICHAEL ALAN FOLEY 35.00 X 122127 0 23263 DR MARYANNE FEDRICK 35.00 X 121896 0 19311 1309877 0 221760 21 0 1 0 CHARTWELLS PO BOX 91337 CHICAGO IL 60693 CAMPUS FOOD SERVICE 5478185 HEMMLER CAMAYD PC 409 LACKAWANNA AVE SUITE 400 4TH SCRANTON PA 18503 ARCHITECTS 1096991 G WEINBERGER COMPANY 231 OAK ST OLD FORGE PA 18518 MECHANICAL/PLUMBING CONTRACTOR 1043724 R E LESNIAK INC RR 9 BOX 9237 MOSCOW PA 18444 ELECTRICAL CONTRACTOR 784625 CHARLES W GRIMM CONSTRUCTION INC PO BOX X WAYMART PA 18472 MECHANICAL CONTRACTOR 567170 18 1660472 6975195 8635667 TUITION & FEES 611600 78613209 78613209 SALES & SVCS-AUX ENTER 721310 8500624 554457 7946167 SALES & SVCS-EDUCATION 611710 322140 322140 EDUCATION RELATED SVCS 611710 305075 305075 87741048 517806 517806 1002921 428918 574003 574003 574003 6062864 153374 5909490 5909490 PARKING & TRAFFIC FINE 900099 243029 243029 DEPOSITS, ADJUSTMENTS, 900099 172781 172781 BAD DEBT RECOVERIES 900099 74719 74719 72965 72965 563494 103941508 79240424 554457 15510960 31382889 31382889 697858 697858 30330682 24247816 5215261 867605 2259971 1742285 439760 77926 6291135 4556560 1603724 130851 2050286 1650654 341788 57844 94506 94506 91875 91875 69587 69587 86652 86652 26071 26071 3729036 2433624 1289611 5801 371059 235510 116318 19231 3292069 2641546 602577 47946 260578 126280 131973 2325 2793007 2767507 20938 4562 1164762 947487 156686 60589 2002745 2002745 5093489 4356748 736741 297765 231500 66265 FOOD SERVICE 5291454 5291454 ENTERTAINMENT 553021 374808 74161 104052 OTHER EXPENSES 361254 346921 13630 703 BAD DEBT 307600 307600 523138 487603 31611 3924 99422489 86521795 11430683 1470011 17924 13685 5906143 4401543 5467688 7943738 4265992 3460668 160903 20389 382374 518997 190845959 64712220 117288169 126133739 37500065 37050911 1001524 952698 3579819 3181483 175570601 183677851 5995018 9181439 779782 3183582 42878140 42340601 7896432 10951119 6066174 3465836 63615546 69122577 X 89554028 89552134 3658471 5576913 18742556 19426227 111955055 114555274 175570601 183677851 X 4519019 -1918800 X 0 0 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 1 69587 0 0 69587 0 EXPLANATION OF LOBBYING ACTIVITIES: PART II-B, LINE 1: THE UNIVERSITY PAID ARENT FOX, LLC, AND PROVIDENCE CONSULTING FOR SERVICES INCLUDING CONTACTING PENNSYLVANIA CONGRESSIONAL DELEGATION, ALONG WITH MEMBERS OF THE SENATE AND HOUSE APPROPRIATIONS COMMITTEE(S) IN SUPPORT OF MARYWOOD UNIVERSITY'S REQUESTS FOR FEDERAL FUNDING THROUGH APPROPRIATIONS LEGISLATION AND COMPETITIVE GRANTS OFFERED BY USDA, HHS, EPA, AND USDE. IN CONJUNCTION WITH THESE SERVICES, MARYWOOD UNIVERSITY SUBMITTED APPROPRIATION REQUESTS TO CONGRESS AND COMPETITIVE GRANT APPLICATIONS TO THESE AGENCIES. X X X X 0 35506913 473367 618687 855000 45410 35698557 28258110 1328503 6762454 804000 38154 35506913 23948313 1106115 4063280 844000 15599 28258109 28287988 3526665 -6352063 1363000 151277 23948313 0.60000 0.40000 0.00000 1 0 1358579 1358579 168729597 64712220 104017377 274924 274924 20482859 20482859 126133739 STUDENT DEPOSITS 916438 REFUNDABLE ADVANCES FOR FEDERAL STUDENT LOANS 1634633 ASSET RETIREMENT OBLIGATION 297277 INTEREST RATE SWAP 617488 3465836 103941508 99422489 4519019 -1605677 -313123 -1918800 2600219 73246672 44503 -30892713 -30848210 104094882 -153374 -153374 103941508 70664915 44503 2109584 2154087 68510828 30911661 30911661 99422489 PART III, LINE 4: MARYWOOD UNIVERSITY ART GALLERIES STRIVE TO PRESENT EXHIBITIONS AND PROGRAMS THAT PROVIDE OPPORTUNITIES FOR LIFE LONG LEARNING AND CONTRIBUTE TO THE VISUAL LITERACY OF BOTH THE INSTITUTION AND GREATER COMMUNITY. THE ART GALLERIES COMMITTED TO COMPLEMENTING AND BROADENING THE AVAILABILITY OF CONTEMPORARY AND HISTORICAL VISUAL ARTS FOR THE ACADEMIC COMMUNITY WITH OUTREACH AND COLLABORATIVE PROGRAMMING. ALL EXHIBITIONS, RECEPTIONS, AND ACCOMPANYING EVENTS ARE FREE OF CHARGE AND OPEN TO THE MARYWOOD COMMUNITY AND THE GENERAL PUBLIC. CURRENT, FUTURE, AND PAST EXHIBITIONS, AS WELL AS OVER 50 OBJECTS FROM THE PERMANENT COLLECTION, CAN BE VIEWED ON THE ART GALLERIES' WEB PAGE AT WWW.MARYWOOD.EDU/GALLERIES. THE SURACI GALLERY MAINTAINS MARYWOOD'S PERMANENT COLLECTION OF FINE AND DECORATIVE ARTS. THE ASIAN COLLECTION CONSISTS OF PAINTINGS, FURNITURE, IVORIES, TAPESTRIES, AND CERAMICS. BRONZE AND MARBLE SCULPTURES, FURNITURE, AND PAINTINGS COMPRISE THE 19TH CENTURY COLLECTION. IN ADDITION, EUROPEAN CERAMICS, GLASS, AND OTHER DECORATIVE ARTS ARE DISPLAYED. FEATURE EXHIBITIONS THAT SHOWCASE REGIONAL, NATIONAL, AND INTERNATIONAL ARTISTS, AS WELL AS RECENT WORK BY ART FACULTY ARE HIGHLIGHTED DURING THE YEAR IN A RECENTLY RENOVATED EXHIBITION SPACE. DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: THE UNIVERSITY'S ENDOWMENT CONSISTS OF APPROXIMATELY 100 INDIVIDUAL FUNDS ESTABLISHED FOR A VARIETY OF PURPOSES. ITS ENDOWMENT INCLUDES BOTH DONOR-RESTRICTED ENDOWMENT FUNDS AND FUNDS DESIGNATED BY THE BOARD OF TRUSTEES TO FUNCTION AS ENDOWMENTS. AS REQUIRED BY ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA, NET ASSETS ASSOCIATED WITH ENDOWMENT FUNDS, INCLUDING FUNDS DESIGNATED BY THE BOARD OF TRUSTEES TO FUNCTION AS ENDOWMENTS, ARE CLASSIFIED AND REPORTED BASED ON THE EXISTENCE OR ABSENCE OF DONOR-IMPOSED RESTRICTIONS. THE BOARD OF TRUSTEES OF THE UNIVERSITY HAS INTERPRETED PENNSYLVANIA LAW AS REQUIRING THE PRESERVATION OF THE FAIR VALUE OF THE ORIGINAL GIFT AS OF THE GIFT DATE OF THE DONOR-RESTRICTED ENDOWMENT FUNDS ABSENT EXPLICIT DONOR STIPULATIONS TO THE CONTRARY. AS A RESULT OF THIS INTERPRETATION, THE UNIVERSITY CLASSIFIES AS PERMANENTLY RESTRICTED NET ASSETS (A) THE ORIGINAL VALUE OF GIFTS DONATED TO THE PERMANENT ENDOWMENT, (B) THE ORIGINAL VALUE OF SUBSEQUENT GIFTS TO THE PERMANENT ENDOWMENT, AND (C) ACCUMULATIONS TO THE PERMANENT ENDOWMENT MADE IN ACCORDANCE WITH THE DIRECTION OF THE APPLICABLE DONOR GIFT INSTRUMENT AT THE TIME THE ACCUMULATION IS ADDED TO THE FUND. THE REMAINING PORTION OF THE DONOR-RESTRICTED ENDOWMENT FUND THAT IS NOT CLASSIFIED IN PERMANENTLY RESTRICTED NET ASSETS IS CLASSIFIED AS EITHER TEMPORARILY RESTRICTED OR UNRESTRICTED NET ASSETS BASED ON THE EXISTENCE OF DONOR RESTRICTIONS OR BY LAW. THE UNIVERSITY CONSIDERS THE FOLLOWING FACTORS IN MAKING A DETERMINATION TO APPROPRIATE OR ACCUMULATE DONOR-RESTRICTED ENDOWMENT FUNDS: 1. THE DURATION AND PRESERVATION OF THE FUND 2. THE PURPOSES OF THE UNIVERSITY AND THE DONOR-RESTRICTED ENDOWMENT FUND 3. GENERAL ECONOMIC CONDITIONS 4. THE POSSIBLE EFFECT OF INFLATION AND DEFLATION 5. THE EXPECTED TOTAL RETURN FROM INCOME AND THE APPRECIATION OF INVESTMENTS 6. OTHER RESOURCES OF THE UNIVERSITY 7. THE INVESTMENT POLICIES OF THE UNIVERSITY THE UNIVERSITY HAS ADOPTED INVESTMENT AND SPENDING POLICIES FOR ENDOWMENT ASSETS THAT ATTEMPT TO PROVIDE A PREDICTABLE STREAM OF FUNDING TO PROGRAMS SUPPORTED BY ITS ENDOWMENT WHILE SEEKING TO MAINTAIN THE PURCHASING POWER OF THE ENDOWMENT ASSETS. ENDOWMENT ASSETS INCLUDE THOSE ASSETS OF DONOR-RESTRICTED FUNDS THAT THE UNIVERSITY MUST HOLD IN PERPETUITY OR FOR A DONOR-SPECIFIED PERIOD(S) AS WELL AS BOARD-DESIGNATED FUNDS. UNDER THIS POLICY, AS APPROVED BY THE BOARD OF TRUSTEES, THE ENDOWMENT ASSETS ARE INVESTED IN A MANNER THAT IS INTENDED TO PRODUCE RESULTS THAT EXCEED THE PRICE AND YIELD RESULTS OF THE S&P 500 INDEX WHILE ASSUMING A MODERATE LEVEL OF INVESTMENT RISK. THE UNIVERSITY EXPECTS ITS ENDOWMENT FUNDS, OVER TIME, TO PROVIDE AN AVERAGE RATE OF RETURN OF APPROXIMATELY 9 PERCENT ANNUALLY. ACTUAL RETURNS IN ANY GIVEN YEAR MAY VARY FROM THIS AMOUNT. TO SATISFY ITS LONG-TERM RATE-OF-RETURN OBJECTIVES, THE UNIVERSITY RELIES ON A TOTAL RETURN STRATEGY IN WHICH INVESTMENT RETURNS ARE ACHIEVED THROUGH BOTH CAPITAL APPRECIATION (REALIZED AND UNREALIZED) AND CURRENT YIELD (INTEREST AND DIVIDENDS). THE UNIVERSITY TARGETS A DIVERSIFIED ASSET ALLOCATION THAT PLACES A GREATER EMPHASIS ON EQUITY-BASED INVESTMENTS TO ACHIEVE ITS LONG-TERM RETURN OBJECTIVES WITHIN PRUDENT RISK CONSTRAINTS. THE UNIVERSITY HAS A POLICY OF APPROPRIATING FOR DISTRIBUTION EACH YEAR 3.5 TO 5 PERCENT OF ITS ENDOWMENT FUNDS' AVERAGE FAIR VALUE OVER THE PRIOR 12 QUARTERS THROUGH THE CALENDAR YEAR-END PROCEEDING THE FISCAL YEAR IN WHICH THE DISTRIBUTION IS PLANNED. IN ESTABLISHING THIS POLICY, THE UNIVERSITY CONSIDERED THE LONG-TERM EXPECTED RETURN ON ITS ENDOWMENT. ACCORDINGLY, OVER THE LONG TERM, THE UNIVERSITY EXPECTS THE CURRENT SPENDING POLICY TO ALLOW ITS ENDOWMENT TO GROW AT AN AVERAGE OF 4 PERCENT ANNUALLY. THIS IS CONSISTENT WITH THE UNIVERSITY'S OBJECTIVE TO MAINTAIN THE PURCHASING POWER OF THE ENDOWMENT ASSETS HELD IN PERPETUITY OR FOR A SPECIFIED TERM AS WELL AS TO PROVIDE ADDITIONAL REAL GROWTH THROUGH NEW GIFTS AND INVESTMENT RETURN. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: THE UNIVERSITY IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. ACCORDINGLY, NO PROVISION FOR INCOME TAXES IS INCLUDED IN THE ACCOMPANYING FINANCIAL STATEMENTS. THE UNIVERSITY'S POLICY IS TO RECOGNIZE INTEREST RELATED TO UNRECOGNIZED TAX BENEFITS IN INTEREST EXPENSE AND PENALTIES IN OPERATING EXPENSES. THE UNIVERSITY'S FORM 990, RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX FOR THE TAX YEARS ENDED JUNE 30, 2008 THROUGH JUNE 30, 2011 REMAIN SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE. PART XI, LINE 8 - OTHER ADJUSTMENTS: CHANGE IN SPLIT INTEREST AGREEMENTS 18,948. OTHER UNREALIZED LOSS ON INTEREST RATE SWAP -342,033. AVIATION DISTRIBUTION 18,462. MISCELLANEOUS -8,500. TOTAL TO SCHEDULE D, PART XI, LINE 8: -313,123. PART XII, LINE 2D - OTHER ADJUSTMENTS: SCHOLARSHIPS -30,911,661. CHANGE IN SPLIT INTEREST AGREEMENTS 18,948. INVESTMENT INCOME PART XII, LINE 4B - OTHER ADJUSTMENTS: COST OF GOODS SOLD -153,374. PART XIII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 153,374. MISCELLANEOUS 8,500. UNREALIZED LOSSES ON INTEREST RATE SWAP 342,033. UNREALIZED LOSSES ON INVESTMENTS 1,605,677. PART XIII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS 30,911,661. 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 CLEARLY STATED ON MOST ADMISSIONS ADVERTISEMENTS AND PUBLICATIONS. ALSO DISCLOSED ON THE SUPPLEMENTAL MATERIAL CREATED BY THE MARKETING AND COMMUNCATIONS OFFICE EXPLANATION OF GOVERNMENT FINANCIAL ASSISTANCE SCHEDULE E, PART I, LINE 6 THE UNIVERSITY AWARDS GRANTS-IN-AID AND SCHOLARSHIPS TO INDIVIDUALS WHO MEET THE UNIVERSITY'S ACADEMIC STANDARDS. THE AMOUNTS OF SUCH AWARDS ARE BASED UPON THE FINANCIAL NEEDS OF EACH APPLICANT. ADDITIONAL FINANCIAL AID IS PROVIDED TO STUDENTS FROM FEDERAL AND STATE PROGRAMS IN WHICH THE UNIVERSITY PARTICIPATES AND FROM MONIES CONTRIBUTED TO THE UNIVERSITY BY ALUMNI AND FRIENDS OF THE UNIVERSITY. CERTAIN STUDENTS OF THE UNIVERSITY WERE RECIPIENTS OF GRANTS UNDER THE PENNSYLVANIA HIGHER EDUCATION ASSISTANCE ACT ("PHEAA") AND THE PELL GRANTS PROGRAMS. THE GRANTS ARE SIMILAR TO AGENCY FUNDS BECAUSE THE UNIVERSITY ACTED ONLY AS CUSTODIAN AND DISBURSING AGENT FOR THESE FUNDS. HAD THESE AMOUNTS BEEN INCLUDED, REVENUES AND EXPENSES WOULD HAVE INCREASED BY $ 2,913,418 IN 2012 AND $ 2,480,826 IN 2011 FOR PHEAA AND $ 3,230,090 IN 2012 AND $ 3,290,094 IN 2011 FOR PELL. AFRICAN COUNTRIES: KENYA, TANZANIA, UGANDA, NIGERIA, ZAMBIA, AND GHANA 0 10 PROGRAM SERVICES DURING THE THREE-YEAR PHASE OF THE SISTERS LEADERSHIP DEVELOPMENT INITIATIVE ("SLDI") PILOT PROJECT IN AFRICA, THERE WILL BE A SERIES OF TWO-WEEK SEQUENTIAL WORKSHOPS FOCUSED ON MANAGEMENT & LEADERSHIP CAPACITY BUILDING. CURRICULUM SPECIALISTS AT THE ASEC COLLEGES WILL DEVELOP THE SCOPE AND SEQUENCE OF THE OFFERINGS. IN ADDITION TO INSTRUCTIONAL PROGRAMS OFFERED BY ASEC COLLEGES, SLDI PARTICIPANTS WILL HAVE THE OPPORTUNITY TO ATTEND SESSIONS COORDINATED BY SUCH AFRICAN-BASED ORGANIZATIONS AS CORAT AFRICA, WHICH FACILITATES IN-COUNTRY CLIENT DETERMINED COURSES, WORKSHOPS & SEMINARS. LONG RANGE PLANS FOR SLDI INCLUDE INCREASED USE OF TECHNOLOGY & THE INTERNET TO ACCESS DISTANCE EDUCATION. THE PURPOSE OF PHASE II OF THIS ONGOING PROJECT IS TO INCREASE ACCESS TO MANAGEMENT & LEADERSHIP SKILL BUILDING THROUGH TRAINING & EDUCATION FOR AT LEAST 250 AFRICAN SISTERS IN ORDER TO IMPACT POSITIVELY ON THE EDUCATIONAL/SOCIAL/ECONOMIC CONDITION OF THE LIVES OF THOSE SERVED THROUGH THEIR MINISTRIES. 587465 0 10 0 0 0 10 587465 0 587465 X 0 0 0 0 0 0 PROCEDURE FOR MONITORING GRANTS OUTSIDE THE U.S.: SCHEDULE F, PART I, LINE 2: THE PHASE II YEAR 2 PROGRAM EVALUATION IS AN OBJECTIVES-BASED ASSESSMENT USING CRITERIA OUTLINED IN THE PROJECT PROPOSAL TO THE CONRAD N. HILTON FOUNDATION. IT TARGETS: (1) PROJECT OUTPUTS, (2) PARTICIPANT SKILLS AND KNOWLEDGE, (3) PROJECT MANAGEMENT, AND (4) PROJECT OUTCOMES. (1) PROJECT OUTPUTS AND PARTICIPANT DEMOGRAPHICS WERE BASED ON DATA COLLECTED DURING THE SESSIONS AND RECORDED BY THE PARTICIPANT OR COORDINATOR. (2) PARTICIPANT SKILLS AND KNOWLEDGE WERE ASSESSED PRE AND POST TRAINING. THESE MEASURES WERE SELF-REPORT MEASURES, AND THE LIKERT SCALES WERE CONSTRUCTED TO ALIGN WITH THE EXPECTED COMPETENCIES INTEGRATED INTO THE TECHNOLOGY AND WEB-DESIGN CURRICULUM. (3) PROJECT MANAGEMENT WAS ASSESSED USING DATA INCLUDING: (A) LEARNING ENVIRONMENT ASSESSMENT BY PARTICIPANTS AFTER EACH SESSIONS, AND (B) TRAINER EVALUATIONS AFTER EACH SESSION. (4) THE FINAL OUTCOME OF THE PROJECT WILL BE BASED ON THE YEARLY DATA COLLECTED AND THE FOLLOWING: - FINAL PROJECT EVALUATION BY PARTICIPANTS - FINAL PROJECT EVALUATION BY TRAINERS - FINAL PROJECT EVALUATION BY AFRICAN COORDINATORS -PARTICIPANT COMPETENCY EVALUATION (POST PROJECT) SCHEDULE F. PART I. 2. PROCEDURES FOR MONITORING THE USE OF GRANT FUNDS OUTSIDE THE UNITED STATES: PROGRAM EVALUATION THE PHASE II YEAR I PROGRAM EVALUATION IS AN OBJECTIVES-BASED ASSESSMENT USING CRITERIA OUTLINED IN THE PROJECT PROPOSAL TO THE CONRAD N. HILTON FOUNDATION. IT TARGETS: (1) PROJECT OUTPUTS, (2) PARTICIPANT SKILLS AND KNOWLEDGE, (3) PROJECT MANAGEMENT, AND (4) PROJECT OUTCOMES. (1) PROJECT OUTPUTS AND PARTICIPANT DEMOGRAPHICS WERE BASED ON DATA COLLECTED DURING THE SESSIONS AND RECORDED BY THE PARTICIPANT OR COORDINATOR. (2) PARTICIPANT SKILLS AND KNOWLEDGE WERE ASSESSED PRE AND POST TRAINING. THESE MEASURES WERE SELF-REPORT MEASURES, AND THE LIKERT SCALES WERE CONSTRUCTED TO ALIGN WITH THE EXPECTED COMPETENCIES INTEGRATED INTO THE TECHNOLOGY AND WEB-DESIGN CURRICULUM. (3) PROJECT MANAGEMENT WAS ASSESSED USING DATA INCLUDING: (A) LEARNING ENVIRONMENT ASSESSMENT BY PARTICIPANTS AFTER EACH SESSIONS, AND (B) TRAINER EVALUATIONS AFTER EACH SESSION. (4) THE FINAL OUTCOME OF THE PROJECT WILL BE BASED ON THE YEARLY DATA COLLECTED AND THE FOLLOWING:FINAL PROJECT EVALUATION BY PARTICIPANTS, FINAL PROJECT EVALUATION BY TRAINERS, FINAL PROJECT EVALUATION BY AFRICAN COORDINATORS AND PARTICIPANT COMPETENCY EVALUATION (POST PROJECT) X X X X 1 RUFFALO CODY 65 KIRKWOOD NORTH ROAD SW CEDAR RAPIDS IA 52406 PHONATHON AGENT 0 176049 86652 89397 176049 86652 89397 PA EXPLANATION OF FUNDRAISING PAYMENTS SCHEDULE G, PART I, LINE 2B, COLUMN (V) THE UNIVERSITY PAID RUFFALO CODY TO ACT AS OUR ANNUAL FUND PHONATHON AGENTS DURING FY 2009-2010. AS SUCH, RUFFALO CODY CONTACTED ALUMNI, PARENTS, AND FRIENDS OF THE UNIVERSITY SOLICITING PLEDGES OF FINANCIAL SUPPORT OF OUR INSTITUTIONAL MISSION. IN PARTICULAR, THEY SOUGHT GIFTS IN SUPPORT OF THE MARYWOOD SCHOLARSHIP FUND TO PROVIDE RESOURCES TO UNDERWRITE FINANCIAL AID AND SCHOLARSHIP AWARDS MADE BY THE UNIVERSITY TO DESERVING STUDENTS. IN THE COURSE OF THEIR WORK, RUFFALO CODY ADVISED THESE SUPPORTERS OF NEW AND EXCITING CHANGES TO PROGRAMS AND FACILITIES AT MARYWOOD. IN ADDITION, THEY OBTAINED INFORMATION CONCERNING CHANGES TO BIOGRAPHIC AND DEMOGRAPHIC INFORMATION OF THE INDIVIDUALS CALLED. RUFFALO CODY ACTED STRICTLY IN THE ROLE OF OUR AGENT IN SECURING PLEDGES OF SUPPORT. THE PROCESSING OF ALL PLEDGE PAYMENTS AND CREDIT CARD TRANSACTIONS WERE HANDLED BY UNIVERSITY EMPLOYEES. 1 SPONSORED SCHOLARSHIPS 1225 588971 CASH NON-SPONSORED SCHOLARSHIPS 2480 30322690 CASH STUDENT AID 119 471228 CASH PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, PART I, LINE 2: THE OFFICE OF FINANCIAL AID DETERMINES ELIGIBILITY OF EACH STUDENT WHO APPLIES FOR FINANCIAL AID, USING FORMULAS AND CRITERIA PROMULGATED BY VARIOUS FEDERAL STATE, AND LOCAL GOVERNMENTAL BODIES, AS WELL AS MARYWOOD'S INTERNALLY ESTABLISHED RULES AND PROCEDURES X 1 1 X X X X X 0 0 0 0 0 0 0 0 0 JOSEPH X GARVEY JR 154739 0 0 0 0 0 15756 0 10967 0 181462 0 0 0 DR RAYMOND HEATH 148290 0 0 0 0 0 14784 0 1897 0 164971 0 0 0 DR ALAN LEVINE 150412 0 0 0 0 0 15465 0 13248 0 179125 0 0 0 DR CLAYTON N PHEASANT 152563 0 0 0 0 0 16061 0 11360 0 179984 0 0 0 PART I, LINE 1A MARYWOOD'S PRESIDENT, SR. ANNE MUNLEY, LIVES IN HOUSING OWNED BY MARYWOOD, SPECIFICALLY FOR THE PRESIDENT. BECAUSE SISTER'S CONGREGATION TAKES A VOW OF POVERTY, ALL OF HER INCOME RELATED TO HER WORK FOR MARYWOOD GOES DIRECTLY TO THE CONGREGATION, AND IS THEREFORE NOT TAXABLE TO SISTER ANNE. PENNSYLVANIA HIGHER EDUCATION FACILITIES AUTHORITY 232243852 70917NU77 2005-02-03 9105000 SERIES A OF 2005 - TO ADVNC-REF'D O/S BAL OF 2000 BONDS & TO PAY ISS COSTS 0 0 0 PENNSYLVANIA HIGHER EDUCATION FACILITIES AUTHORITY 232243852 70917N4Q4 2005-04-15 11447049 SERIES B OF 2005 - TO REF'D 1999 D4 BNDS; FIN CONSTR OF ATH FAC; FND DBT SVC 0 0 0 PENNSYLVANIA HIGHER EDUCATION FACILITIES AUTHORITY 232243852 70917RAZ8 2005-12-15 12567509 SERIES C OF 2005 - TO FIN RENOV OF RES HALL; FIN VAR CAP IMP; FND DBT SVC 0 0 0 THE ABINGTON TOWNSHIP MUNICIPAL AUTHORITY 231708665 003642AH8 2007-01-04 14991657 SERIES OF 2007 - TO FIN RENOV OF RESIDENCE HALL & OTHER CAP IMPROVMENTS 0 0 0 4360000 10268152 142834 25000 60924 8876242 2005 1 1 1 1 715000 11466757 506484 393943 161197 323210 9759679 700000 2006 1 0 1 1 820000 12590428 546438 242819 176557 341441 11506871 2007 0 0 1 1 14997303 628955 462804 205201 274787 13887085 2008 0 0 1 1 0 0 0 0 1 0 0 0 0 1 0 0 0 0 1 0 0 0 0 1 0 1 0 0 0 0 0 0 0 1 AIG 1 0 1 0 0 0 1 AIG 1 0 1 0 0 0 1 AIG 1 0 1 X 288 FMV X 6 34919 FMV X 7 8675 FMV X 1 370 FMV X GIFT BASKETS & CERTIFICATES 6 288 FMV X GATORADE SIDELINE KITS 1 3400 FMV X ONE YAMAHA T-118 POLISHED EBONY 46" PIANO 1 4839 FMV X PAYMENT FOR VILOINIST FOR TRUSTEE DINNER 1 75 FMV X CHARTWELLS - IMPUTED INTEREST 1 25775 FMV X COMPLIMENTARY UNIVERSITY PARTNER PROGRAM 1 792 FMV 0 0 1 THIRD PARTY USE: PART I, LINE 32B: PENN SECURITY BANK & TRUST COMPANY RECEIVES ALL STOCK CONTRIBUTIONS AND IMMEDIATELY SELLS THEM. FORM 990, PART VI, SECTION A, LINE 3 CHARTWELLS MANAGES DINING SERVICES; CONCORD INVESTMENTS ADVISES AS TO MARYWOOD'S ENDOWMENT FUND INVESTING; AS OF 7/27/11, FOLLETT MANAGES MARYWOOD'S BOOKSTORE FORM 990, PART VI, SECTION A, LINE 6 THE MEMBERS OF THE MARYWOOD UNIVERSITY CORPORATION ARE SIX MEMBERS OF THE SISTERS, SERVANTS OF THE IMMACULATE HEART OF MARY. FORM 990, PART VI, SECTION A, LINE 7A THE MEMBERS OF THE MARYWOOD UNIVERSITY CORPORATION ARE SIX MEMBERS OF THE SISTERS, SERVANTS OF THE IMMACULATE HEART OF MARY. ARTICLE I, SECTION 4 OF THE MARYWOOD UNIVERSITY BYLAWS STATES: "THE MEMBERS OF THE CORPORATION SHALL HAVE THE RIGHT, BY MAJORITY VOTE, TO ELECT TRUSTEES. THEY SHALL HAVE THE RIGHT OF APPROVAL, BY MAJORITY VOTE, OF ACTIONS OF THE BOARD OF TRUSTEES RELATING TO CHANGES IN INSTITUTIONAL PURPOSE AND PHILOSOPHY; APPOINTMENT OF THE PRESIDENT OF THE UNIVERSITY; ACQUISITION, DISPOSITION,ENCUMBRANCE, OR LEASE OF REAL PROPERTY OF THE INSTITUTION; CONSTRUCTION OF NEW BUILDINGS; DISSOLUTION, MERGER, OR CONSOLIDATION OF THE INSTITUTION WITH ANOTHER CORPORATION; AMENDMENTS TO THE BYLAWS; AND DISPOSITION OF PROPERTY UPON DISSOLUTION." FORM 990, PART VI, SECTION A, LINE 7B NOMINATIONS ARE MADE BY THE BOARD OF TRUSTEES. THE MEMBERS OF THE MARYWOOD UNIVERSITY SHALL HAVE THE RIGHT, BY MAJORITY VOTE, TO ELECT TRUSTEES. THEY SHALL HAVE THE RIGHT OF APPROVAL, BY MAJORITY VOTE, OF ACTIONS OF THE BOARD OF TRUSTEES RELATING TO CHANGES IN INSTITUTIONAL PURPOSE AND PHILOSOPHY; APPOINTMENT OF THE PRESIDENT OF THE UNIVERSITY; ACQUISITION, DISPOSITION, ENCUMBRANCE, OR LEASE OF REAL PROPERTY OF THE INSTITUTION; CONSTRUCTION OF NEW BUILDINGS; DISSOLUTION, MERGER, OR CONSOLIDATION OF THE INSTITUTION WITH ANOTHER CORPORATION; AMENDMENTS TO THE BYLAWS; AND DISPOSITION OF PROPERTY UPON DISSOLUTION. FOR 2006 TO 2010, THE (SIX) MEMBERS OF THE MARYWOOD UNIVERSITY CORPORATION INCLUDED SISTER MARY PERSICO, PRESIDENT OF THE IHM CONGREGATION; SISTER MARY JO GALLAGHER, VICE PRESIDENT OF THE IHM CONGREGATION; SISTER KATHRYN CLAUSS, COUNCILOR; SISTER SUSAN HADZIMA,COUNCILOR; BARBARA JABLONSKI, COUNCILOR; AMY ZYCHAL, COUNCILOR FOR 2010 TO 2014, THE (FIVE) MEMBERS OF THE MARYWOOD UNIVERSITY CORPORATION INCLUDE SISTER THERESE O'ROURKE, PRESIDENT OF THE IHM CONGREGATION; SISTER ELLEN CARNEY, VICE PRESIDENT OF THE IHM CONGREGATION; SISTER ROSEMARY GOULET, COUNCILOR; SISTER CHRISTINE KOELLHOFFER, COUNCILOR; SISTER ELLEN CARNEY, COUNCILOR. FORM 990, PART VI, SECTION B, LINE 11 FOR THE CURRENT FISCAL YEAR AND GOING FORWARD, MARYWOOD UNIVERSITY WILL SUBMIT THE DRAFT OF THE FORM 990 TO THE AUDIT COMMITTEE FOR THEIR APPROVAL. THE AUDIT COMMITTEE WILL THEN REPORT TO THE FULL BOARD THAT THEY HAVE REVIEWED THE FORM 990 PRIOR TO ITS FILING WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C CONFLICT OF INTEREST FORMS ARE DISTRIBUTED AT THE ANNUAL MEETING, IN APRIL, OF THE BOARD OF TRUSTEES. THE SECRETARY OF THE UNIVERSITY ASSURES THAT A CONFLICT OF INTEREST STATEMENT IS RECEIVED FROM EACH MEMBER BY THE FOLLOWING JULY 1. THE FILE OF FORMS IS KEPT IN THE OFFICE OF THE SECRETARY OF THE UNIVERSITY. ARTICLE XIV OF THE UNIVERSITY'S BYLAWS REQUIRES THAT THE MINUTES OF ANY MEETING IN WHICH A TRUSTEE MAY HAVE A CONFLICT OF INTEREST MUST REFLECT THAT A DISCLOSURE OF SUCH CONFLICT WAS MADE, AND THAT THE TRUSTEE HAVING SAID CONFLICT ABSTAINED FROM VOTING. FORM 990, PART VI, SECTION B, LINE 15 AN INDEPENDENT CONSULTING FIRM, AFTER PERFORMING DUE DILIGENCE IN STUDYING COMPARATIVE SALARIES AND OTHER ECONOMIC FACTORS, RECOMMENDS A SALARY AMOUNT FOR THE PRESIDENT OF THE UNIVERSITY TO THE EXECUTIVE OFFICERS OF THE BOARD OF TRUSTEES; THIS COMMITTEE OF EXECUTIVE OFFICERS, AFTER DELIBERATION AND CONSIDERATION, APPROVES THE PRESIDENT'S SALARY. THE PRESIDENT OF THE UNIVERSITY THEN SETS THE SALARIES OF THE SENIOR ADMINISTRATIVE OFFICERS, WITH APPROVAL OF THE EXECUTIVE OFFICERS OF THE BOARD. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO GOVERNMENTAL AGENCIES WHO REQUIRE THEM, AND TO THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES. MOREOVER, THE FINANCIAL STATEMENTS ARE MADE AVAILABLE THROUGH THE NACUBO WEBSITE AND THROUGH THE EMMA SYSTEM, AS REQUIRED BY CERTAIN BOND DOCUMENTS. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED LOSSES ON INVESTMENTS: -1,605,677. CHANGE IN SPLIT INTEREST AGREEMENTS 18,948. OTHER UNREALIZED LOSS ON INTEREST RATE SWAP -342,033. AVIATION DISTRIBUTION 18,462. MISCELLANEOUS -8,500. TOTAL TO FORM 990, PART XI, LINE 5: -1,918,800. FORM 990, PART VII: CERTAIN OFFICERS ARE NOT DIRECTLY COMPENSATED BY THE UNIVERSITY. THE UNIVERSITY PAYS THE CONGREGATION OF THE SISTERS, SERVANTS OF IMMACULATE HEART OF MARY ("IHM") ON BEHALF OF SISTER ANNE MUNLEY, PRESIDENT. MARYWOOD UNIVERSITY PAID IHM $288,883 ON BEHALF OF SISTER ANNE MUNLEY FOR HER ROLE AS PRESIDENT. SCHEDULE K, PART IV, LINE 4: THE DEBT SERVICE RESERVE FUNDS WERE INVESTED IN A GIC. THE GIC'S WERE TERMINATED DUE TO A DOWNGRADE IN AIG'S INVESTMENT RATING ON SEPTEMBER 16, 2008. THE DEBT SERVICE RESERVE FUND'S WERE SUBSEQUENTLY RE-INVESTED IN CERTIFICATE'S OF DEPOSIT WITH M&T BANK. SCHEDULE K, PART IV, LINE 6: THE PROCEEDS WERE INVESTED IN SLUGS, WHICH EARNED LESS THAN THE BOND ISSUE INTEREST RATE, AND THEREFORE NO ARBITRAGE WAS EARNED. CONGREGATION OF THE SISTERS SERVANTS OF THE IMMACULATE HEART IHM CENTER 2300 ADAMS AVENUE SCRANTON PA 18509 RELIGIOUS PA 501(C)(3) LINE 1 N/A 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1