2013-05-15T10:36:24-04:00 2012-06-30 BKD LLP 1201 Walnut Suite 1700 Kansas City MO 641062246 990 2011-07-01 440545813 Rockhurst University % GUY SWANSON ROCK 8165014000 1100 ROCKHURST ROAD KANSAS CITY MO 64110 GUY SWANSON 2013-05-15 true Michael J Engle 8162216300 2011 2016-02-24 21:20:13Z REV THOMAS B CURRAN 1100 ROCKHURST ROAD KANSAS CITY MO 64110 81382132 false X WWW.ROCKHURST.EDU X 1910 MO ROCKHURST UNIVERSITY EXISTS TO TRANSFORM LIVES BY CREATING A LEARNING COMMUNITY CENTERED IN EXCELLENCE IN UNDERGRADUATE LIBERAL ARTS EDUCATION AND GRADUATE EDUCATION. 30 29 1242 150 0 0 6458632 4735969 54735694 56071998 2849260 1986655 3797257 3889231 67840843 66683853 20352455 21397542 0 0 23676293 24369679 61500 0 1391599 21051094 22331152 65141342 68098373 2699501 -1414520 124593378 122079739 60267743 65016282 64325635 57063457 X SEE SCHEDULE O false false 23688078 21397542 22417404 INSTITUTIONAL STUDENT FINANCIAL AID IS THE LARGEST PROGRAM SERVICES EXPENSE FOR ROCKHURST UNIVERSITY. ROCKHURST IS COMMITTED TO PROVIDING A QUALITY, PRIVATE EDUCATION AT A REASONABLE COST. DURING THE FISCAL YEAR ENDED JUNE 30, 2012 THE UNIVERSITY OFFERED INSTITUTIONAL FINANCIAL AID TO OVER 80% OF ALL STUDENTS. 29183579 0 29183579 INSTRUCTIONAL EXPENSES REPRESENT THE COST OF DELIVERING THE ROCKHURST EDUCATIONAL EXPERIENCE TO APPROXIMATELY 3,000 UNDERGRADUATE AND GRADUATE STUDENTS. THIS INCLUDES THE SALARIES AND BENEFITS FOR FULL TIME AND PART TIME FACULTY MEMBERS, INSTRUCTIONAL MATERIALS, BOOKS, AND SUPPLIES, TRAVEL AND PROFESSIONAL DEVELOPMENT, AND DEPRECIATION, MAINTENANCE AND INTEREST COSTS ASSOCIATED WITH VARIOUS CAMPUS FACILITIES. 8327949 0 8327949 AUXILIARY EXPENSES INCLUDE COSTS ASSOCIATED WITH PROVIDING STUDENT HOUSING AND FOOD SERVICE; EXPENSES RELATING TO THE UNIVERSITY'S PARTICIPATION IN NCAA ATHLETIC PROGRAMS; AND DEPRECIATION, MAINTENANCE AND INTEREST COSTS ASSOCIATED WITH VARIOUS CAMPUS FACILITIES. 61199606 true true false false false false false false false true true false false false true false false true true false true false true false true false false false true true true false false false false false false false true true true true false false false false true true true false false true 3962 0 true 1242 true false false false false false true true false false false false X 30 29 true false false false false false false true true false false true true true true true true true true false MO X GUY SWANSON 8165014862 1100 ROCKHURST ROAD KANSAS CITY MO 64110 X REV LAWRENCE BIONDI SJ 1.0 X 0 0 0 JAMES G CASTELLANO 1.0 X X 0 0 0 CHARLES DUNLAP 1.0 X 0 0 0 CLIFFORD J ALEXANDER 1.0 X 0 0 0 DANIEL SHAVER 1.0 X 0 0 0 THOMAS GERKE 1.0 X 0 0 0 DENNIS P HOGAN III 1.0 X 0 0 0 RAYMOND F BEAGLE JR 1.0 X 0 0 0 KERMIT J FENDLER 1.0 X 0 0 0 DUANE LOCK 1.0 X 0 0 0 GREGORY M GRAVES 1.0 X 0 0 0 WALTER MCCORMICK 1.0 X 0 0 0 THOMAS A MCDONNELL 1.0 X 0 0 0 SYLVIA RAYA 1.0 X 0 0 0 REV MICHAEL D BARBER SJ 1.0 X 0 0 0 REV NICHOLAS RASHFORD SJ 1.0 X 0 0 0 DANIEL P CHARLES 1.0 X 0 0 0 YOUNG SEXTON 1.0 X 0 0 0 MARNY DONNELLY SHERMAN 1.0 X X 0 0 0 CAROL A DIRAIMO 1.0 X 0 0 0 RICHARD T SULLIVAN 1.0 X 0 0 0 DENNIS J THUM 1.0 X X 0 0 0 STEPHEN A VALENTINO 1.0 X 0 0 0 REV WILLIAM T OULVEY SJ 1.0 X 0 0 0 REV PAUL H VU SJ 1.0 X 0 0 0 CLYDE F WENDEL 1.0 X 0 0 0 KAREN T HAREN 1.0 X 0 0 0 MATTHEW WENGERT 1.0 X 0 0 0 REV THOMAS B CURRAN 40.0 X X 0 0 0 ELLEN DARLING 1.0 X 0 0 0 EMILY WERNER 1.0 X 0 0 0 MADELINE ROMIOUS 1.0 X 0 0 0 ROBERT P DUNN 1.0 X 0 0 0 GUY SWANSON 40.0 X 183533 0 19685 JAMES M DALEY 40.0 X 146977 0 11894 ANTHONY L TOCCO 40.0 X 127076 0 17219 CHERYL A MCCONNELL 40.0 X 114203 0 14743 TIMOTHY L MCDONALD 40.0 X 120177 0 16019 ROBERT S GRANT 40.0 X 126015 0 11788 817981 0 91348 11 false true false JOHN A KRUGH REALTY LLC PROPERTY MANAGEMENT 336264 JE DUNN CONSTRUCTION CO GENERAL CONTRACTOR 4269496 SODEXO INC FOOD SERVICE 2501025 GOULD EVANS ASSOC ENGINEERING SERVICES 781552 SATELLITE JANITORIAL SERVICES JANITORIAL SERVICES 400114 10 6220 29865 502416 4197468 233890 4735969 TUITION AND FEES 611600 51915705 51915705 HOUSING INCOME 611710 4114256 4114256 STUDENT LOAN INTEREST 611710 42037 42037 56071998 1288769 1288769 0 0 159648 132272 27376 27376 27376 15248449 14550563 697886 697886 697886 20365 29865 15444 4921 4921 0 0 CAFETERIA INCOME 722210 2168395 2168395 BOOKSTORE INCOME 611710 96877 96877 ATHLETIC INCOME 900099 116504 116504 1475158 1475158 3856934 66683853 59928932 2018952 0 20908890 20908890 488652 488652 0 387806 387806 0 19740699 17208220 1694992 837487 879925 756736 87993 35197 1972659 1696487 197266 78906 1388590 1194187 138859 55544 0 122562 122562 76643 76643 0 0 114805 114805 2294775 1721081 573694 784496 672121 95072 17302 1182896 1013452 143354 26089 422877 362302 51248 9327 0 2279561 1953027 276258 50276 1054471 903424 127790 23257 0 415317 355825 50332 9160 1927185 1651126 233554 42505 0 2677948 2294347 324538 59063 414957 355517 50288 9152 Maintenance contracts 726252 622220 88014 16018 Contractual services 944852 809507 114506 20839 Student aid 2290536 2290536 Repairs and Maintenance 1437236 1231360 174177 31699 3163783 2710589 383416 69778 68098373 61199606 5507167 1391599 0 57727 7015097 2576200 10181217 8464609 1368141 1027496 0 0 0 0 0 0 0 0 1094857 1044798 118522964 47038240 67035337 71484724 34414265 35643155 1138572 -612059 2345892 2393089 0 0 0 0 124593378 122079739 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INCLUDED IN ASC 740. BASED ON THEIR REVIEW, MANAGEMENT HAS NOT IDENTIFIED ANY MATERIAL UNCERTAIN TAX POSITIONS TO BE RECORDED OR DISCLOSED IN THE FINANCIAL STATEMENTS. ENDOWMENT FUNDS SCHEDULE D, PART V, LINE 4 THE UNIVERSITY'S ENDOWMENT CONSISTS OF APPROXIMATELY 300 INDIVIDUAL FUNDS ESTABLISHED FOR A VARIETY OF PURPOSES. THE ENDOWMENT INCLUDES BOTH DONOR-RESTRICTED ENDOWMENT FUNDS AND FUNDS DESIGNATED BY THE GOVERNING BODY TO FUNCTION AS ENDOWMENTS (BOARD DESIGNATED ENDOWMENTS). AS REQUIRED BY ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA ("GAAP"), NET ASSETS ASSOCIATED WITH ENDOWMENT FUNDS, INCLUDING BOARD-DESIGNATED ENDOWMENT FUNDS, ARE CLASSIFIED AND REPORTED BASED ON THE EXISTENCE OR ABSENCE OF DONOR-IMPOSED RESTRICTIONS. THE UNIVERSITY'S GOVERNING BODY HAS INTERPRETED THE STATE OF MISSOURI PRUDENT MANAGEMENT OF INSTITUTIONAL FUNDS ACT (SPMIFA), ADOPTED IN AUGUST 2009, AS REQUIRING 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 DONOR-RESTRICTED ENDOWMENT FUNDS IS CLASSIFIED AS TEMPORARILY RESTRICTED NET ASSETS UNTIL THOSE AMOUNTS ARE APPROPRIATED FOR EXPENDITURE BY THE UNIVERSITY IN A MANNER CONSISTENT WITH THE STANDARD OF PRUDENCE PRESCRIBED BY SPMIFA. IN ACCORDANCE WITH SPMIFA, THE UNIVERSITY CONSIDERS THE FOLLOWING FACTORS IN MAKING A DETERMINATION TO APPROPRIATE OR ACCUMULATE DONOR-RESTRICTED ENDOWMENT FUNDS: 1. DURATION AND PRESERVATION OF THE FUND 2. PURPOSES OF THE UNIVERSITY AND THE FUND 3. GENERAL ECONOMIC CONDITIONS 4. POSSIBLE EFFECT OF INFLATION AND DEFLATION 5. EXPECTED TOTAL RETURN FROM INVESTMENT INCOME AND APPRECIATION OR DEPRECIATION OF INVESTMENTS 6. OTHER RESOURCES OF THE UNIVERSITY 7. INVESTMENT POLICIES OF THE UNIVERSITY ASSETS OF THE ENDOWMENT FUND ARE POOLED ON A MARKET VALUE BASIS. EACH INDIVIDUAL POOLED ENDOWMENT FUND SUBSCRIBES TO OR DISPOSES OF UNITS ON THE BASIS OF THE PER-UNIT MARKET VALUE AT THE BEGINNING OF THE CALENDAR MONTH WITHIN WHICH THE TRANSACTION TAKES PLACE. UNDER THE UNIVERSITY'S ENDOWMENT SPENDING POLICY, FOR OPERATIONAL PURPOSES THE BOARD OF TRUSTEES ANNUALLY DIRECTS THAT A PERCENTAGE OF A THREE-YEAR ROLLING AVERAGE MARKET VALUE OF INVESTMENTS HELD FOR ENDOWMENT PURPOSES BE ALLOCATED AS A DISTRIBUTION OF ENDOWMENT INCOME FOR CURRENT OPERATIONS. FOR 2012, SUCH PERCENTAGE WAS 7%. THE UNIVERSITY HAS ADOPTED INVESTMENT AND SPENDING POLICIES FOR ENDOWMENT ASSETS THAT ATTEMPT TO PROVIDE A PREDICTABLE STREAM OF FUNDING TO PROGRAMS AND OTHER ITEMS SUPPORTED BY ITS ENDOWMENT WHILE SEEKING TO MAINTAIN THE PURCHASING POWER OF THE ENDOWMENT. ENDOWMENT ASSETS INCLUDE THOSE ASSETS OF DONOR-RESTRICTED ENDOWMENT FUNDS THE UNIVERSITY MUST HOLD IN PERPETUITY OR FOR DONOR-SPECIFIED PERIODS, AS WELL AS THOSE OF BOARD-DESIGNATED ENDOWMENT FUNDS. UNDER THE UNIVERSITY'S POLICIES, ENDOWMENT ASSETS ARE INVESTED IN A MANNER THAT IS INTENDED TO MAINTAIN PURCHASING POWER, WHILE REDUCING, TO THE GREATEST EXTENT POSSIBLE, THE POSSIBILITY OF LOSS. THE ENDOWMENT FUND'S RETURN IS MEASURED ON A TIME WEIGHTED TOTAL RETURN BASIS OVER A ONE, THREE AND FIVE YEAR PERIOD OF TIME AGAINST APPROPRIATE BENCHMARKS AND A MANAGER UNIVERSE OF FUNDS HAVING A SIMILAR INVESTMENT STYLE. 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 CURRENT YIELD (INVESTMENT INCOME SUCH AS DIVIDENDS AND INTEREST) AND CAPITAL APPRECIATION (BOTH REALIZED AND UNREALIZED). 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. EMPHASIS ON EQUITY-BASED INVESTMENTS TO ACHIEVE ITS LONG-TERM RETURN OBJECTIVES WITHIN PRUDENT RISK CONSTRAINTS. true true true true true true true false false false false false false false false true false true RACIALLY NONDISCRIMINATORY POLICY SCHEDULE E, PART I, LINE 3 THE UNIVERSITY PUBLISHES THE FOLLOWING NONDISCRIMINATION STATEMENT ON THE UNIVERSITY WEBSITE, IN THE UNIVERSITY CATALOG, IN THE UNIVERSITY NEWSPAPER, ON APPLICATIONS FOR ADMISSION, IN THE FINANCIAL AID GUIDE AND OTHER BROCHURES AND SOLICITATIONS: "ROCKHURST UNIVERSITY IS COMMITTED TO PROVIDING EQUAL OPPORTUNITY FOR ALL PERSONS REGARDLESS OF RACE, COLOR, CREED, RELIGION, SEX, PREGNANCY STATUS, SEXUAL ORIENTATION, MARITAL STATUS, NATIONAL ORIGIN OR ANCESTRY, AGE, GENDER, DISABILITY, CITIZENSHIP OR INTENDING CITIZENSHIP STATUS, GENDER IDENTITY, VETERAN STATUS OR ANY OTHER STATUS PROTECTED BY LAW. EQUAL OPPORTUNITY EXTENDS TO ALL ASPECTS OF THE ADMINISTRATION OF EDUCATIONAL POLICIES, ADMISSIONS POLICIES, SCHOLARSHIP AND LOAN PROGRAMS, ATHLETICS, AND OTHER SCHOOL-ADMINISTERED POLICIES AND PROGRAMS, AND IN ITS EMPLOYMENT RELATED POLICIES AND PROCEDURES." FINANCIAL AID OR ASSISTANCE FROM A GOVERNMENTAL AGENCY SCHEDULE E, PART I, LINE 6A THE UNIVERSITY PARTICIPATES IN THE FEDERAL PELL GRANT, TEACHER EDUCATION ASSISTANCE FOR COLLEGE AND HIGHER EDUCATION GRANT, FEDERAL WORK STUDY, ARRA FEDERAL WORK STUDY, FEDERAL SUPPLEMENTAL EDUCATIONAL OPPORTUNITY GRANT, FEDERAL PERKINS LOAN, AND FEDERAL DIRECT LOAN PROGRAMS. IN 2012, THE UNIVERSITY PARTICIPATED IN THE AMERICAN RECOVERY AND REINVESTMENT ACT OF 2009 STATE ENERGY LOAN PROGRAM. true Europe (Including Iceland and Greenland) Program Services EDUCATIONAL 31976 Central America and the Caribbean Program Services EDUCATIONAL 31493 Central America and the Caribbean Grantmaking 35250 East Asia and the Pacific Grantmaking 118736 Europe (Including Iceland and Greenland) Grantmaking 195966 Middle East and North Africa Grantmaking 27500 North America Grantmaking 32500 South America Grantmaking 49700 Sub-Saharan Africa Grantmaking 29000 552121 552121 SCHOLARSHIPS Cent. America/Caribbean 1 35250 STUDENT ACCT SCHOLARSHIPS East Asia/Pacific 6 118736 STUDENT ACCT SCHOLARSHIPS Europe/Iceland/Greenland 9 195966 STUDENT ACCT SCHOLARSHIPS Middle East/North Africa 1 27500 STUDENT ACCT SCHOLARSHIPS North America 2 32500 STUDENT ACCT SCHOLARSHIPS South America 2 49700 STUDENT ACCT SCHOLARSHIPS Sub-Saharan Africa 1 29000 STUDENT ACCT false false false false false false PROCESS FOR MONITORING THE USE OF GRANTS SCHEDULE F, PART I, LINE 2 THE GRANTS MADE BY THE UNIVERSITY ARE PRIMARILY FOR STUDENT AID AND SCHOLARSHIPS. A LIST OF RECIPIENTS OF SCHOLARSHIPS AND FELLOWSHIPS IS ON FILE AT THE UNIVERSITY AND IS AVAILABLE UPON REQUEST. ALL STUDENTS RECEIVING SCHOLARSHIPS AND FELLOWSHIPS ARE JUDGED WORTHY BY THE UNIVERSITY ON THE BASIS OF ACADEMIC AND ATHLETIC ACHIEVEMENT, FINANCIAL NEED, AND OTHER SIMILAR STANDARDS. WILSON BENNETT TECHNOLOGY PHONE CAMPAIGN false KC GOLF TOURNEY 50230 29865 20365 4819 8385 781 1459 0 50230 29865 20365 4819 8385 781 1459 15444 4921 true SCHOLARSHIPS 1361 20908890 PROCESS FOR MONITORING THE USE OF GRANTS IN THE U.S. SCHEDULE I, PART I, LINE 2 THE GRANTS MADE BY THE UNIVERSITY ARE PRIMARILY FOR STUDENT AID AND SCHOLARSHIPS. A LIST OF RECIPIENTS OF SCHOLARSHIPS AND FELLOWSHIPS IS ON FILE AT THE UNIVERSITY AND IS AVAILABLE UPON REQUEST. ALL STUDENTS RECEIVING SCHOLARSHIPS AND FELLOWSHIPS ARE JUDGED WORTHY BY THE UNIVERSITY ON THE BASIS OF ACADEMIC AND ATHLETIC ACHIEVEMENT, FINANCIAL NEED, AND OTHER SIMILAR STANDARDS. X X X X X X false false false false false false false false false GUY SWANSON 183419 0 0 0 114 0 11490 0 8195 0 203218 0 0 0 JAMES M DALEY 146665 0 0 0 312 0 8957 0 2937 0 158871 0 0 0 OFFICER COMPENSATION FORM 990, PART VII, SECTION A, LINE 1 THE COMPENSATION PAID TO REV THOMAS B CURRAN OSFS, PRESIDENT, IS PAID TO HIS RELIGIOUS ORDER. HEALTH & ED FACILITIES OF THE ST OF MO 431178966 60635HN39 2016-04-26 4548420 SEE SCHEDULE O false false false HEALTH & ED FACILITIES AUTHORITY OF THE ST OF MO 431178966 60636AAP8 2011-02-14 21530309 SEE SCHEDULE O false false false HEALTH & ED FACILITIES AUTHORITY OF THE ST OF MO 431178966 60636AAQ6 2011-02-14 22790000 SEE SCHEDULE O false false false 0 0 4548420 0 0 0 79332 0 4469088 0 0 0 2012 false false true true 0 0 21530309 1728688 0 6960516 426160 0 0 7996525 4418421 0 2011 true false false true 0 0 22790000 0 0 22790000 0 0 0 0 0 0 2011 true false true true false false false false 0 true false false false false 0.00000 0.00000 0.00000 true false false false false 0.00000 0.00000 0.00000 true false false false 0 false 0 false false false false false 0 false 0 false false false true true BOA & WELLS FARGO 21.66 false false false 0 false false X SEE SCHEDULE L PART V BUSINESS TRANSACTIONS WITH INTERESTED PERSONS SCHEDULE L, PART IV TRANSACTION 1 (A) JE DUNN CONSTRUCTION COMPANY (JE DUNN) (B) ROBERT P DUNN IS A TRUSTEE OF ROCKHURST UNIVERSITY AND THE VICE PRESIDENT - COMMUNITY AFFAIRS OF JE DUNN. (C) 4,269,496 (D) JE DUNN IS THE GENERAL CONTRACTOR FOR THE CONSTRUCTION OF THE UNIVERSITY'S NEW PARKING GARAGE FACILITY AND PLANNED NEW ACADEMIC BUILDING. (E) NO X 17 207541 FMV AT DATE RECEIVED X VARIOUS 13 13 RESALE VALUE X LIFE INSURANCE POLICY 1 26336 CASH SURRENDER VALUE false true true USE OF THIRD PARTIES TO SOLICIT, PROCESS OR SELL NON-CASH CONTRIBUTIONS SCHEDULE M, PART I, LINE 32B THE UNIVERSITY USES AN OUTSIDE BROKERAGE FIRM TO SELL SHARES OF STOCK THE UNVERSITY RECEIVES AS CONTRIBUTIONS. NUMBER OF CONTRIBUTIONS SCHEDULE M, PART I, COLUMN B THE AMOUNTS LISTED IN COLUMN B ARE A COMBINATION OF NUMBER OF CONTRIBUTIONS AND NUMBER OF ITEMS CONTRIBUTED. ORGANIZATION'S MISSION FORM 990, PART III, LINE 1 ROCKHURST UNIVERSITY EXISTS TO TRANSFORM LIVES BY CREATING A LEARNING COMMUNITY CENTERED IN EXCELLENCE IN UNDERGRADUATE LIBERAL ARTS EDUCATION AND GRADUATE EDUCATION. ROCKHURST IS CATHOLIC AND JESUIT, INVOLVED IN THE LIFE AND GROWTH OF THE CITY AND THE REGION, AND COMMITTED TO THE SERVICE OF THE CONTEMPORARY WORLD. BUSINESS RELATIONSHIPS FORM 990, PART VI, SECTION A, LINE 2 GREGORY M GRAVES AND CLYDE F WENDEL, TRUSTEES, HAVE A BUSINESS RELATIONSHIP. GREGORY M GRAVES SERVES ON THE BOARD OF DIRECTORS OF UMB BANK. CLYDE F WENDEL IS EXECUTIVE VICE PRESIDENT AT UMB BANK. FORM 990 REVIEW PROCESS FORM 990, PART VI, SECTION B, LINE 11A AN INDEPENDENT ACCOUNTING FIRM PREPARES AND REVIEWS THE 990. THE 990 IS THEN REVIEWED BY UNIVERSITY MANAGEMENT AND ACCOUNTING PERSONNEL. ANY QUESTIONS OR CONCERNS THAT UNIVERSITY MANAGEMENT AND ACCOUNTING PERSONNEL HAVE ARE ADDRESSED AND ANY CORRECTIONS OR CLARIFICATIONS ARE MADE. THE DRAFT VERSION 990 IS THEN PROVIDED TO THE AUDIT COMMITTEE OF THE BOARD OF TRUSTEES FOR THEIR REVIEW. ANY QUESTIONS OR CONCERNS THAT THE AUDIT COMMITTEE MEMBERS HAVE ARE ADDRESSED AND ANY CORRECTIONS OR CLARIFICATIONS ARE MADE. AN ELECTRONIC COPY OF THE FINAL FORM 990 WITH ALL REQUIRED SCHEDULES IS PROVIDED TO ALL MEMBERS OF THE BOARD OF TRUSTEES. CONFLICT OF INTEREST POLICY FORM 990, PART VI, SECTION B, LINE 12C A COPY OF THE CONFLICT OF INTEREST POLICY IS PROVIDED AT THE TIME OF HIRE FOR FACULTY AND ADMINISTRATIVE STAFF, AND THEREAFTER IS AVAILABLE ON THE UNIVERSITY'S INTRANET SITE. MEMBERS OF THE PRESIDENT'S CABINET MUST SIGN AN ANNUAL CONFLICT OF INTEREST STATEMENT. IN THE CASE OF THE BOARD OF TRUSTEES, A COPY OF THE CONFLICT OF INTEREST POLICY IS PROVIDED AT THE TIME OF ELECTION, AND THEREAFTER ON AN ANNUAL BASIS EACH JUNE. TRUSTEES, OFFICERS, KEY EMPLOYEES AND HIGHLY COMPENSATED EMPLOYEES ARE ALSO REQUIRED TO COMPLETE ANNUALLY A DISCLOSURE STATEMENT REGARDING BUSINESS AND FAMILY RELATIONSHIPS, RELATED PERSONS AND ACTIVITIES. THE COMPLETED DISCLOSURE STATEMENTS ARE REVIEWED BY UNIVERSITY MANAGEMENT AND ACCOUNTING PERSONNEL, AND ARE KEPT ON FILE IN THE UNIVERSITY'S OFFICE OF FINANCE AND HUMAN RESOURCES. IF AN INTERESTED PARTY IS AN EMPLOYEE, A MEMBER WITH OVERSIGHT OF THE DEPARTMENT EMPLOYING THE INDIVIDUAL SHALL MAKE A DETERMINATION AS TO WHETHER A CONFLICT EXISTS AND IMPLEMENT THE APPROPRIATE SAFEGUARDS AND CONFLICT MANAGEMENT PLAN TO PROTECT THE UNIVERSITY AND THE PARTIES, INCLUDING NOTIFYING THE BOARD OF TRUSTEES. IF THE INTERESTED PARTY IS AN OFFICER, TRUSTEE OR MEMBER OF A COMMITTEE, AFTER DISCLOSURE OF THE FINANCIAL INTEREST AND ALL MATERIAL FACTS, AND AFTER ANY DISCUSSION WITH THE INTERESTED PERSON, HE/SHE SHALL LEAVE THE BOARD OF TRUSTEES OR COMMITTEE MEETING WHILE THE DETERMINATION OF A CONFLICT OF INTEREST IS DISCUSSED AND VOTED UPON. THE REMAINING BOARD OR COMMITTEE MEMBERS SHALL DECIDE IF A CONFLICT OF INTEREST EXISTS. IF THE GOVERNING BOARD OF TRUSTEES OR COMMITTEE HAS REASONABLE CAUSE TO BELIEVE AN INTERESTED PERSON HAS FAILED TO DISCLOSE ACTUAL OR POSSIBLE CONFLICTS OF INTEREST, IT SHALL INFORM THE INTERESTED PERSON OF THE BASIS FOR SUCH BELIEF AND AFFORD THE MEMBER AN OPPORTUNITY TO EXPLAIN THE ALLEGED FAILURE TO DISCLOSE. IF, AFTER HEARING THE INTERESTED PERSON'S RESPONSE AND AFTER MAKING FURTHER INVESTIGATION AS WARRANTED BY THE CIRCUMSTANCES, THE GOVERNING BOARD OF TRUSTEES OR COMMITTEE DETERMINES THE INTERESTED PERSON HAS FAILED TO DISCLOSE AN ACTUAL OR POSSIBLE CONFLICT OF INTEREST, IT SHALL TAKE APPROPRIATE DISCIPLINARY AND CORRECTIVE ACTION. COMPENSATION REVIEW FORM 990, PART VI, SECTION B, LINES 15A & B THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES DETERMINES THE ANNUAL COMPENSATION FOR THE UNIVERSITY PRESIDENT. THE PRESIDENT'S COMPENSATION IS COMPARED TO SALARY DATA FOR A BENCHMARK GROUP OF PEER INSTITUTIONS. THE TERMS OF THE PRESIDENT'S COMPENSATION ARE DOCUMENTED IN A WRITTEN EMPLOYMENT CONTRACT ON FILE IN THE UNIVERSITY HUMAN RESOURCES DEPARTMENT. THE PRESIDENT'S COMPENSATION IS PAID TO HIS RELIGIOUS ORDER. THE UNIVERSITY PLANNING & BUDGETING COMMITTEE MAKES AN ANNUAL RECOMMENDATION TO THE PRESIDENT AND BOARD OF TRUSTEES FOR ANY SALARY ADJUSTMENTS FOR FACULTY AND ADMINISTRATIVE STAFF WITHIN THE PARAMETERS OF THE ANNUAL OPERATING BUDGET. THIS INCLUDES KEY EMPLOYEES OF THE ORGANIZATION. ADDITIONALLY, THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES ANNUALLY REVIEWS COMPENSATION FOR THE KEY EMPLOYEES OF THE UNIVERSITY AND COMPARES COMPENSATION TO APPROPRIATE HISTORICAL AND BENCHMARK SALARY DATA. AVAILABILITY OF DOCUMENTS FORM 990, PART VI, SECTION C, LINE 19 THE FINANCIAL STATEMENTS ARE AVAILABLE ON THE UNIVERSITY'S WEBSITE. THE GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE AVAILABLE UPON REQUEST. RECONCILIATION OF NET ASSETS FORM 990, PART XI, LINE 5 OTHER CHANGES IN NET ASSETS OR FUND BALANCES: UNREALIZED GAINS & LOSSES (4,095,313) CHANGE IN VALUE OF RUCEC INVESTMENT (1,750,621) CURMA INTEREST INCOME (1,724) -------------- TOTAL $(5,847,658) ============== DESCRIPTION OF PURPOSE SCHEDULE K, PART I, COLUMN F BOND A: REVENUE ANTICIPATION NOTE (PRIVATE EDUCATION WORKING CAPITAL LOAN PROGRAM) SERIES 2012B BOND B: EDUCATIONAL FACILITIES REFUNDING REVENUE BONDS ROCKHURST UNIVERSITY SERIES 2011A BOND C: EDUCATIONAL FACILITIES REFUNDING REVENUE BONDS ROCKHURST UNIVERSITY SERIES 2011B HOURS DEVOTED FOR RELATED ORGANIZATION FORM 990 PART VII NAME:REV THOMAS B CURRAN TITLE:TRUSTEE/PRESIDENT HOURS:1 HOURS DEVOTED FOR RELATED ORGANIZATION FORM 990 PART VII NAME:GUY SWANSON TITLE:VP FINANCE & ADMINISTRATION HOURS:1 ROCKHURST UNIVERSITY - CEC 6901 WEST 63RD ST SHAWNEE MISSION KS 66202 431596558 CONTINUING ED MO 501(C)(3) 9 ROCKHURST U true WOODROCK FOUNDATION 1100 ROCKHURST ROAD KANSAS CITY MO 64110 430980688 REAL ESTATE MO 501(C)(2) N/A ROCKHURST U true false false false false false false false false false false false false false false false false false true ROCKHURST UNIVERSITY - CEC R 415000 COST