2013-05-14T13:54:07-07:00 2012-06-30 990 2011-07-01 520591672 MOUNT SAINT MARYS UNIVERSITY MOUN 3014475353 16300 Old Emmitsburg Road Emmitsburg MD 21727 Thomas Powell 3014475600 2013-05-14 2011 2016-02-24 21:20:13Z Thomas H Powell 16300 Old Emmitsburg Road Emmitsburg MD 21727 103834057 0 X www.msmary.edu X 1808 MD Mount St. Mary's University, the second oldest Catholic University in the United States, 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 19 varsity sports at the NCAA Division I level. 30 30 1005 500 254287 -69569 10012067 6610984 68172023 78682418 1009947 53416 55712 84235 79249749 85431053 20557074 25297540 0 32129713 34469822 0 0 1441084 28976413 30079277 81663200 89846639 -2413451 -4415586 155816482 152342883 85128266 91057905 70688216 61284978 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 43643975 24932403 59415801 Instructional programs for 1783 undergraduate students in the liberal arts, 151 graduate students in theology, 366 students in masters programs in business and education. Awarded 348 undergraduate degrees, 151 masters degrees, and 28 theology degrees in 2012. 17078368 365137 17145763 Auxiliary enterprises comprising housing, dining, post office, vending, plant, laundry and security. 11273604 0 1866518 Student services for the entire student body including housing, athletics, counseling, discipline, student affairs and activities. 4941078 0 0 Higher education: Academic support for instructional programs 4941078 0 0 76937025 1 1 0 0 0 0 0 1 0 1 1 1 0 1 1 1 1 0 1 1 1 0 0 0 1 1 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 1 331 0 1 1005 1 1 1 0 0 0 0 1 1 0 0 0 0 X 30 30 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 MD X William E Davies CPA 3014475867 16300 Old Emmitsburg Road Emmitsburg MD 21727 Eugene M Waldron Jr 15 X X 0 0 0 Robert J Smith 10 X X 0 0 0 Rev Thomas P Ferguson 5 X X 0 0 0 Michael R Holly 10 X X 0 0 0 Richard J Bolte Jr 5 X 0 0 0 John R Bransfield Jr 5 X 0 0 0 Kevin Cashen 5 X 0 0 0 David P Conaghan 5 X 0 0 0 John Coyne 5 X 0 0 0 Francis W Daily Jr 5 X 0 0 0 Xavier J DeCaire 10 X 0 0 0 Rev Gerard C Francik 5 X 0 0 0 C Gregory Kallmyer 5 X 0 0 0 Martha M Kenney 5 X 0 0 0 Most Rev William E Lori STD 10 X 0 0 0 Most Rev Paul S Loverde 5 X 0 0 0 Alice Rooney Mahoney 10 X 0 0 0 Most Rev W Francis Malooly 5 X 0 0 0 James V McAveney 5 X 0 0 0 Sandra A McMurtie 5 X 0 0 0 Dr Frank P Merolla 5 X 0 0 0 Rev Thomas J Mullelly 5 X 0 0 0 Scott Newkam 10 X 0 0 0 Suzanne Nicholson 5 X 0 0 0 Cardinal Edwin F O'Brien 5 X 0 0 0 Thomas G O'Hara 5 X 0 0 0 Vincent J O'Malley 5 X 0 0 0 Thomas C Rogers Jr 10 X 0 0 0 Simba Sana 0 X 0 0 0 Brian L Smith 5 X 0 0 0 Kevin Dowd 5 X X 0 0 0 Hilary O'Donnell 5 X X 0 0 0 Thomas H Powell 40 X 333510 0 144571 Dan Soller 40 X 213632 0 49916 Michael Malewicki 40 X X 175117 0 19633 David Rehm 40 X 171097 0 19578 Robert Brennan 40 X 153930 0 28572 David Bushman 40 X 142449 0 22389 Pauline Englestatter 40 X 124758 0 30483 Bobby Flack 40 X 116784 0 21328 Robert Burke 40 X X 161768 0 25817 1593045 0 362287 15 1 1 0 Aramark Corporation 24818 Network Place Chicago IL 60673 Dining Services and Physical Plant Management 5721001 R S Mowery & Sons Inc 1000 Bent Creek Blvd Mechanicsburg PA 17050 Construction Contractor 547604 Royall & Co 1920 East Parham Rd Richmond VA 23228 Student Search Services 484266 McCoy Bros 1514 Commerce Ave Carlisle PA 17015 Construction Contractor 345326 Boland Services 30 West Watkins Mill Rd Gaithersburg MD 20878 HVAC Maintenance Services 231968 13 0 0 0 0 1855341 4755643 491632 6610984 Tuition and fees 611310 59415801 59415801 0 0 Auxiliary enterprises 611710 19177876 19012281 165546 49 Other services 221000 35644 0 35644 0 Conferences and groups 611600 53097 0 53097 0 0 0 0 0 78682418 53151 53151 0 0 265 0 0 265 0 0 0 0 0 0 18379389 0 18379389 0 0 0 0 0 0 0 48672 0 20780 27892 0 27892 59178 2835 56343 0 0 56343 0 85431053 78481233 254287 84549 25297540 25297540 855776 855776 25340832 20712575 3866681 761576 1212682 977763 196094 38825 5421108 4312921 937385 170802 1639424 1272133 316320 50971 28582 28582 145398 145398 592175 390660 201390 125 974208 700813 273395 3048001 2226910 667604 153487 854133 752770 97094 4269 2407 360 2047 5231127 4590205 588095 52827 1268485 1127682 116835 23968 263482 165584 95204 2694 3198212 2832752 349397 16063 8231914 7291253 899316 41345 404317 358116 44171 2030 Food served to students 2054230 2054230 0 0 Revenue allowances and uncollectible receivables 726279 342078 384201 0 Discount on credit cards 263786 0 263786 0 2792541 1530680 1139759 122102 89846639 76937025 11468530 1441084 1340478 5422151 6331142 3728543 1256834 993918 2662709 2991733 23990 29619 1545006 1597299 189884240 98816693 94887893 91067547 28639641 25769938 10451129 12400619 8677660 8341516 155816482 152342883 11865860 14314938 2951409 4664475 63959738 63013641 1190866 1981608 500000 0 4660393 7083243 85128266 91057905 X 25762211 16929416 16125182 16184211 28800823 28171351 70688216 61284978 155816482 152342883 X -4415586 -4987652 X 0 1 1 X 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 689119 0 0 0 43290361 332324 -1174688 1016400 1541822 148096 39741679 33636402 4675949 6734417 969695 646199 140513 43290361 30830139 932567 4095092 2043684 0 177712 33636402 33585693 2768139 -3301452 2044462 0 177779 30830139 0.19 0.81 0 0 0 0 1845035 1845035 0 126175678 60213692 65961986 0 0 0 0 0 33989480 23166116 10823364 0 27874047 15436885 12437162 91067547 12400619 F 12400619 Bond proceeds whose use is limited 3022848 Beneficial interest in trusts 5318668 8341516 Annuities payable 581330 US Government advances for student loans 1616288 Asset retirement obligations 1612624 SWAP contracts 2799551 Deposits 473450 7083243 85431053 89846639 -4415586 -1154015 0 0 0 -3833637 -4987652 -9403238 58979498 -1154015 0 0 0 -1154015 60133513 0 25297540 25297540 85431053 64549099 0 0 0 0 0 64549099 0 25297540 25297540 89846639 SchD_P03_S00_L04 Schedule D, 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. SchD_P05_S00_L04 Schedule D, Part V, Line 4 The University's endowment provides funds to support financial aid, faculty salaries and general operations. SchD_P10_S00_L02 Schedule D, Part X, Line 2 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. No provision for income taxes was required for the year ended June 30,2012. SchD_P11_S00_L08 Schedule D, Part XI, Line 8 Change in the fair value of interest rate swap agreements of -$1,999,481 and pension related charges other than net periodic pension cost of -$1,834,156. SchD_P12_S00_L04b Schedule D, Part XII, Line 4b Scholarship allowances SchD_P13_S00_L04b Schedule D, Part XIII, Line 4b Scholarship allowances 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SchE_P01_S00_L03 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. SchE_P01_S00_L06 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 and Greenland) 0 2 Program Services Higher education services 92441 0 2 92441 0 0 0 0 0 0 Baseball Golf Tournament 15302 0 15302 0 0 6505 0 0 1580 Soccer Golf Tournament 10205 0 10205 0 0 4163 0 0 3424 5 23135 0 23135 0 0 0 0 0 5108 48642 0 48642 0 0 10668 0 0 10112 20780 27862 59178 2835 59178 2835 0 0 0 2835 56343 MD 1 0 0 0 1 0 Robert Brennan 16300 Old Emmitsburg Road Emmitsburg MD 21727 0 Brennan 153930 X 0 56343 1 Student financial aid 1651 0 25297540 Book value Assist with cost of tuition, room and board SchI_P01_S00_L02 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 X 1 1 X X X X 1 0 0 0 0 0 0 0 0 Thomas H Powell 333510 0 0 0 0 0 79700 0 64871 0 478081 0 0 0 Dan Soller 178854 0 200 0 34578 0 20512 0 29404 0 263548 0 0 0 Michael Malewicki 173465 0 200 0 1452 0 10027 0 9606 0 194750 0 0 0 David Rehm 170132 0 200 0 765 0 9864 0 9714 0 190675 0 0 0 Robert Brennan 153037 0 200 0 693 0 8712 0 19860 0 182502 0 0 0 David Bushman 141583 0 200 0 666 0 8532 0 20664 0 171645 0 0 0 Pauline Englestatter 122927 0 200 0 1631 0 7354 0 23129 0 155241 0 0 0 Robert Burke 140911 0 20200 0 657 0 9312 0 16505 0 187585 0 0 0 SchJ_P01_S00_L01a Schedule J, Part I, Line 1a As part of the President's employment contract, the President is required to live in a house provided by the University. Many University events are held at his residence. Housekeeping services are provided to support these events. His employment contract also provides for travel for companions and a discretionary spending account. Companion travel is for University related activities. The discretionary spending account is to further the mission and interests of the University, consistent with its 501 (c) (3) status. The President provides an accounting of the use of such funds monthly to the Chair of the Audit Committee of the Board of Trustees. SchJ_P01_S00_L03 Schedule J, Part I, Line 3 Compensation survey data comes from the College and University Personnel Association survey. A three-year historical salary comparison of President's salary data is used to develop two comparison groups, the University aspirational peers and the compensation study comparison group. This data is used by the Compensation Committee to prepare a written employment contract. SchJ_P01_S00_L04 Schedule J, Part I, Line 4 The University and Michael Malewicki entered into a separation agreement which included continuation of salary and benefits for Mr. Malewicki through December 2012. The University and Robert Burke entered into a separation agreement which included continuation of salary and benefits through June 2013. County Commissioners of Frederick County 526000943 355697BL6 2006-01-12 22065000 Refunding of Series 2001B and construction of new residence hall 0 0 0 County Commissioners of Frederick County 526000943 355697CB7 2007-03-27 22315000 Refunding of Series 2001A bonds and campus projects 0 0 0 Town of Emmitsburg 526017142 2007-12-21 10000000 Renovation to residence hall 0 0 0 Town of Emmitsburg 526017142 2008-12-23 10000000 Renovations to residence hall 0 0 0 870000 0 22328868 2165037 0 6204692 454726 0 0 12610819 0 0 2008 0 1 1 1 1970000 0 22218074 857811 0 17559830 335006 0 0 4323238 0 0 2009 0 1 1 1 108742 0 10000000 0 0 0 79416 0 0 9920584 0 0 2010 0 0 1 1 0 0 10000000 0 0 0 46829 0 0 9953171 0 0 2010 0 0 1 1 0 0 0 0 0 0 0 1 0 0 0 0 0 1 0 0 0 0 0 1 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 1 0 0 0 0 Town of Emmitsburg 526017142 2009-12-29 1250000 Renovations to residence hall 0 0 0 0 0 1250000 0 0 0 92516 0 0 1157484 0 0 2010 0 0 1 1 0 0 0 0 0 1 0 0 0 0 0 0 X 20 490872 Market Value X Gift cards for use as prizes at University event 1 760 Face value of cards 0 0 1 1 SchM_P01_S00_L32b Schedule M, Part I, Line 32b The University uses a third party to process and sell noncash gifts of securities on a fee per transaction basis. F990_P06_S0B_L11b Form 990, Part VI, Section B, Line 11b 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. F990_P06_S0B_L12c 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. F990_P06_S0B_L15 Form 990, Part VI, Section B, Line 15 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 instituions 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. F990_P06_S0C_L19 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. F990_P11_S00_L05 Form 990, Part XI, Line 5 Other changes in net assets are unrealized losses on investments of ($1,154,015), change in the fair value of interest rate swap agreements of ($1,999,481), and post-retirement benefits charges other than net periodic costs of ($1,834,156).