2013-04-03T14:26:17-05:00 2012-05-31 251408703 SCHNEIDER DOWNS & CO INC 1133 PENN AVENUE PITTSBURGH PA 15222 990 2011-06-01 340714818 FRANCISCAN UNIVERSITY OF STEUBENVILLE FRAN 7402833771 1235 UNIVERSITY BOULEVARD STEUBENVILLE OH 43952 DAVID M SKIVIAT SR 7402833771 2013-04-03 1 SUSAN M KIRSCH P00341397 4122613644 2011 2016-02-25 16:41:14Z FR TERENCE HENRY TOR 1235 UNIVERSITY BOULEVARD STEUBENVILLE OH 43952 81055828 0 X WWW.FRANCISCAN.EDU X 1946 OH INSTITUTION OF HIGHER EDUCATION AND CHRISTIAN OUTREACH PROGRAMMING. 18 18 1975 1580 721854 0 6231069 4027532 59032415 63215577 2425345 1569824 723418 1601463 68412247 70414396 10126345 10817303 0 0 29259865 30739725 0 0 2545783 23643069 23827586 63029279 65384614 5382968 5029782 151632813 151726331 34239387 33444955 117393426 118281376 TO FURTHER THE HIGHER EDUCATION OF MEN AND WOMEN THROUGH PROGRAMS OF LIBERAL, PROFESSIONAL, AND PRE-PROFESSIONAL STUDIES LEADING TO THE CONFERRAL OF BACCALAUREATE AND MASTER DEGREES IN ARTS AND SCIENCES AND TO PROMOTE THE MORAL,SPIRITUAL,& RELIGIOUS VALUES OF ITS STUDENTS. 0 0 51467634 10812353 61510507 INSTRUCTION AND AUXILIARY SERVICES (INCLUDING ROOM AND BOARD) AS RELATED TO THE INSTRUCTION OF 2,548 UNDERGRADUATE AND GRADUATE STUDENTS ENROLLED IN 47 MAJORS AND 33 MINOR ACADEMIC PROGRAMS. A TOTAL OF 539 UNDERGRADUATE AND 189 GRADUATE DEGREES WERE CONFERRED IN THE 2011-12 ACADEMIC YEAR. 3489847 4950 2619991 CHRISTIAN OUTREACH PROGRAMS IN EDUCATION AND SPIRITUAL FORMATION- 41,550 YOUTH AND OTHER PARTICIPANTS IN CHRISTIAN OUTREACH CONFERENCES, SEMINARS, CATHOLIC PROGRAMMING AND YOUTH OUTREACH PROGRAMS. 54957481 1 1 0 0 0 0 0 1 0 1 1 1 0 0 1 1 1 0 1 1 1 0 1 0 1 0 0 0 1 1 1 0 1 0 0 0 0 0 0 1 0 1 0 0 0 1 1 0 0 0 0 1 4083 0 1 1975 1 1 1 1 AU 0 0 0 1 1 0 0 0 0 X 18 18 1 0 0 0 1 1 1 1 1 0 0 0 1 1 1 1 1 1 1 0 X JOHN A STEITZ CONTROLLER 7402833771 1235 UNIVERSITY BOULEVARD STEUBENVILLE OH 43952 DRCHARLES BENTZ 1.00 X 0 0 0 DIANE BROWN 1.00 X 0 0 0 PAUL CARAPELLOTTI 1.00 X 0 0 0 REV MICHAEL CISKI TOR 1.00 X 0 0 0 THERESA COLLINS 1.00 X 0 0 0 MOTHER REGINA PACIS 1.00 X 0 0 0 ED JOHNSON 1.00 X 0 0 0 ALBERT H LANGSENKAMP 1.00 X 0 0 0 REV NATHAN MALAVOLTI TOR 1.00 X 0 0 0 JAMIE MCALEER 1.00 X 0 0 0 PAUL NIGRO 1.00 X 0 0 0 DAVID ROBERTSON 1.00 X 0 0 0 CAROL SNYDER 1.00 X 0 0 0 REV MALACHI VAN TASSELL TOR 1.00 X 0 0 0 REV CLETUS WATSON TOR 1.00 X 0 0 0 MOST REV ROGER J FOYS 1.00 X 0 0 0 RICHARD K RIEDERER 1.00 X 0 0 0 REV TERENCE HENRY TOR 50.00 X X 0 0 0 V REV NICHOLAS POLICHNOWSKI 1.00 X X 0 0 0 V REV CHRISTIAN ORAVECTOR 1.00 X X 0 0 0 MR ROBERT SMITH 1.00 X X 0 0 0 DAVID M SKIVIAT SR 50.00 X 126729 0 27481 JANINE STASIULEWICZ 40.00 X 38498 0 4894 DR ROBERT G FILBY 50.00 X 154389 0 20390 BRENAN PATRICK PERGI 50.00 X 88269 0 22306 ADAM SCURTI 50.00 X 131654 0 13332 MICHAEL M HERNON 50.00 X 122925 0 25927 DAVID ALAN SCHMIESING 50.00 X 102540 0 23581 JOEL S RECZNIK 50.00 X 109220 0 65658 DR DANIEL R KEMPTON 50.00 X 62009 0 7989 DR MICHAEL HEALY 50.00 X 105900 0 32081 DR REGINA BOERIO 50.00 X 105057 0 20083 1147190 0 263722 8 0 1 0 SODEXO INC 10400 FERNWOOD ROAD BETHESDA MD 20817 FOOD SERVICE 3599161 MASSARO CORPORATION 120 DELTA DRIVE PITTSBURGH PA 15238 CONSTRUCTION 1199516 JENDOCO CONSTRUCTION CORPORATION 2000 LINCOLN ROAD PITTSBURGH PA 15235 CONSTRUCTION 1106859 FRANCISCAN FRIARS TOR PO BOX 188 LORETTO PA 15940 ADMIN & FACULTY 738033 JEFFERSON INVESTIGATORS & SECURITY INC 1439 SUNSET BLVD STEUBENVILLE OH 43952 SECURITY 524437 13 75340 616640 3335552 633658 4027532 TUITION AND FEES 900099 46784437 46784437 AUXILIARY ACTIVITIES 900099 11427636 11427636 CHRISTIAN OUTREACH 611710 3308132 2619991 688141 STUDENT REL.ACTIVITIES 900099 697095 689363 7732 EDUCATIONAL ACTIVITIES 900099 636180 636180 362097 333912 28185 63215577 1466755 6599 1460156 6870686 6658242 109375 212444 -109375 103069 103069 12900 75340 41315 -28415 -28415 3900 4198 -298 -298 5467281 3828302 1638979 1638979 GVHIH ACTIVITY 900099 -8803 -8803 -8803 70414396 64130498 721854 1534512 10057640 10057640 759663 759663 1238450 444464 639407 154579 21262192 17535221 2604312 1122659 1167816 965471 130318 72027 5556318 4478154 743834 334330 1514949 1194078 218606 102265 25325 6820 18505 189869 10497 179372 28924 28924 1456871 1243014 117948 95909 267512 185850 15206 66456 3611047 3531563 -213271 292755 607315 515121 64781 27413 11176 11151 25 3041710 2452199 587291 2220 2159573 1942380 134680 82513 127313 96943 22846 7524 1084173 831523 252650 4079179 3128589 950590 446424 184905 261519 FOOD SERVICE 4104365 4104365 REPAIR & MAINTENANCE 1391059 599004 751983 40072 HOSPITALITY 659998 525258 31830 102910 DUES/MEMBERSHIPS 228025 102538 83861 41626 307728 51070 256158 500 65384614 54957481 7881350 2545783 74954 235818 7501573 7033486 2754476 2171391 1276931 1218772 973491 992913 538741 562235 1299102 1113079 117271700 44105110 72121547 73166590 53382666 55153893 11611582 9987614 97750 90540 151632813 151726331 6864190 7764079 714524 715874 2607288 2415730 20069000 18816000 2615923 2493229 1368462 1240043 34239387 33444955 X 84401858 86315117 17038743 15171201 15952825 16795058 117393426 118281376 151632813 151726331 X 5029782 -4141832 X X 0 1 1 X 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 139771 0 0 X X 0 40927541 852000 -1496660 219312 40063569 32893733 2367838 5995895 329925 40927541 27392641 1204930 4619294 323132 32893733 36229668 1060498 -8480100 1417425 27392641 0.38150 0.41920 0.19930 0 0 8357183 8357183 94617604 36801967 57815637 14157142 7303143 6853999 139771 139771 73166590 ALTERNATIVE INVESTMENT FUNDS & PARTNERSHIPS 9986614 F GOOD VENTURE ENTERPRISES, LLC 1000 F 9987614 STUDENT AND OTHER DEPOSITS 1240043 1240043 70414396 65384614 5029782 -4141832 -4141832 887950 57595433 -4141832 -12660321 -16802153 74397586 -3983190 -3983190 70414396 56707483 3873815 3873815 52833668 12550946 12550946 65384614 PART III, LINE 4: THE UNIVERSITY'S COLLECTIONS INCLUDE PAINTINGS, PRINTS, PHOTOGRAPHS, SCULPTURES, DRAWINGS AND WATERCOLORS AND DECORATIVE ARTS. THESE ITEMS ARE HELD FOR EDUCATIONAL, RESEARCH, SCIENTIFIC, CURATORIAL AND OTHER RELIGIOUS PURPOSES. EACH OF THE ITEMS IS CATALOGED, PRESERVED AND CARED FOR, AND ACTIVITIES VERIFYING THEIR EXISTENCE AND ASSESSING THEIR CONDITION ARE PERFORMED CONTINUOUSLY. ITEMS ARE REFLECTED IN EQUIPMENT IN THE FINANCIAL STATEMENTS AT APPRAISED VALUE ON THE DATE PURCHASED OR CONTRIBUTED. BOOK COLLECTIONS ARE USED BY STUDENTS FOR ACADEMIC RESEARCH. WORKS OF ART ARE USED IN ACADEMIC INSTRUCTION AND DISPLAYED TO FURTHER THE EDUCATION OF STUDENTS AND THE COMMUNITY. DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: THE UNIVERSITY'S ENDOWMENT CONSISTS OF APPROXIMATELY 155 INDIVIDUAL FUNDS ESTABLISHED FOR A VARIETY OF PURPOSES, INCLUDING DONOR-RESTRICTED ENDOWMENT FUNDS AND FUNDS DESIGNATED BY THE BOARD OF TRUSTEES TO FUNCTION AS ENDOWMENTS. NET ASSETS ASSOCIATED WITH THESE ENDOWMENT FUNDS ARE CLASSIFIED AND REPORTED BASED ON THE EXISTENCE OR ABSENCE OF DONOR-IMPOSED RESTRICTIONS. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: THE UNIVERSITY FOLLOWS THE RELEVANT ACCOUNTING GUIDANCE RELATIVE TO UNCERTAINTY IN INCOME TAXES, WHICH PRESCRIBES A MINIMUM RECOGNITION THRESHOLD AND MEASUREMENT METHODOLOGY THAT A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN IS REQUIRED TO MEET BEFORE BEING RECOGNIZED IN FINANCIAL STATEMENTS. THE UNIVERSITY FILES INFORMATION AND INCOME TAX RETURNS IN THE U.S. FEDERAL JURISDICTION, AND VARIOUS STATES AND FOREIGN JURISDICTIONS. WITH FEW EXCEPTIONS, THE UNIVERSITY IS NO LONGER SUBJECT TO U.S. FEDERAL, STATE AND LOCAL OR NON-U.S. EXAMINATIONS BY TAX AUTHORITIES FOR YEARS BEFORE 2009. PART XII, LINE 2D - OTHER ADJUSTMENTS: STUDENT FINANCIAL AID -10,812,353. TUITION REMISSION PROGRAM -1,847,968. PART XII, LINE 4B - OTHER ADJUSTMENTS: DIRECT FUNDRAISING EXPENSES -45,513. COST OF GOODS SOLD -3,828,302. LOSS ON DISPOSAL OF ASSETS -109,375. PART XIII, LINE 2D - OTHER ADJUSTMENTS: DIRECT FUNDRAISING EXPENSES 45,513. COST OF GOODS SOLD 3,828,302. PART XIII, LINE 4B - OTHER ADJUSTMENTS: STUDENT FINANCIAL AID 10,812,353. TUITION REMISSION PROGRAM 1,847,968. LOSS ON DISPOSAL OF ASSETS -109,375. 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 ALL UNDERGRADUATE & GRADUATE APPLICATIONS REFLECT NON-DISCRIMINATORY POLICIES. THE POLICY STATEMENT IS CONTAINED IN NEWSPAPER AND RADIO ADVERTISING AND PUBLISHED IN UNIVERSITY CATALOGS AND DOCUMENTS DISTRIBUTED TO HIGH SCHOOLS AND AT COLLEGE INFORMATION FAIRS. THE POLICY IS ALSO STATED ON THE UNIVERSITY'S WEBSITE. EXPLANATION OF GOVERNMENT FINANCIAL ASSISTANCE SCHEDULE E, PART I, LINE 6 EDUCATIONAL ASSISTANCE IS RECEIVED IN THE FORM OF FEDERAL AND STATE GRANTS AWARDED TO INDIVIDUAL STUDENTS. 0 EUROPE 1 22 EDUCATIONAL INSTRUCTION, STUDENT HOUSING, ADMINISTRATION. 5507415 CENTRAL AMERICA AND CARIBBEAN 0 0 STUDENT SERVICES AND OUTREACH MISSIONS. 85100 SOUTH AMERICA 0 0 STUDENT SERVICES AND OUTREACH MISSIONS. 60412 SOUTH ASIA 0 0 EDUCATIONAL INSTRUCTION, STUDENT HOUSING, ADMINISTRATION. 990 EUROPE 0 0 EDUCATIONAL GRANTS STUDENT AID FOR STUDY ABROAD PROGRAM PARTICIPANTS. 759663 NORTH AMERICA 0 0 CHRISTIAN OUTREACH/STUDENT SERVICES MISSIONS. 3490 CENTRAL AMERICA AND CARIBBEAN 0 0 INVESTMENTS N/A 6658846 1 22 0 0 1 22 13075916 0 13075916 STUDENT AID FOR STUDY ABROAD PROGRAM EUROPE 312 759663 CREDIT TO STUDENTS' ACCOUNTS FOR FINANCIAL AID N/A N/A 1 0 0 1 0 0 PROCEDURE FOR MONITORING GRANTS OUTSIDE THE U.S.: SCHEDULE F, PART I, LINE 2: SCHOLARSHIPS, FEDERAL, STATE AND INSTITUTIONAL AID IS AWARDED TO STUDENTS BASED UPON THEIR FINANCIAL NEED AND ACADEMIC ACHIEVEMENT. THE SELECTION COMMITTEE FOR SCHOLARSHIPS IS COMPRISED OF REPRESENTATIVES FROM ADMISSIONS, ENROLLMENT SERVICES, STUDENT LIFE, FRANCISCAN FRIARS AND VARIOUS FACULTY MEMBERS. ALL AID IS PROCESSED THROUGH THE FINANCIAL AID OFFICE AND IS POSTED TO THE STUDENTS' RECEIVABLE ACCOUNTS. CENTURY CLUB 81800 68900 12900 1409 22137 17769 WOMEN'S GUILD EVENT 6440 6440 88240 75340 12900 1409 22137 17769 41315 -28415 1 FEDERAL FINANCIAL AID 68 157488 STATE FINANCIAL AID 161 205570 INSTITUTIONAL AID 1696 8691325 RESTRICTED SCHOLARSHIPS 396 998307 SCHOLARSHIPS FOR PRIESTS 1 4950 PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, PART I, LINE 2: THESE FUNDS REPRESENT FINANCIAL AID ISSUED TO STUDENTS IN THE FORM OF FEDERAL AND STATE GRANTS, SCHOLARSHIPS, TUITION DISCOUNTS, AND INSTITUTIONAL FINANCIAL AID. STUDENTS RECEIVING SCHOLARSHIPS AND GRANTS FROM FRANCISCAN UNIVERSITY ARE MONITORED TO ENSURE THEY MEET THE ACADEMIC REQUIREMENTS OR OTHER CRITERIA ASSOCIATED WITH THE RESPECTIVE AWARD. ALL AID IS PROCESSED THROUGH THE FINANCIAL AID OFFICE AND IS POSTED TO THE STUDENTS' RECEIVABLE ACCOUNTS. X 0 0 0 0 0 0 0 0 0 0 0 DAVID M SKIVIAT SR 125709 0 0 0 1020 0 12850 0 14631 0 154210 0 0 0 DR ROBERT G FILBY 153489 0 0 0 900 0 15384 0 5006 0 174779 0 0 0 JOEL S RECZNIK 108560 0 0 0 660 0 11017 0 54641 0 174878 0 0 0 PART I, LINE 1B THE UNIVERSITY OWNS THE FRIARY BUILDING ON ITS CAMPUS. FATHER HENRY RESIDES IN THE FRIARY WITH THE OTHER FRIARS AND DOES NOT PAY RENT. ALL OPERATING EXPENSES ARE THE FINANCIAL RESPONSIBILITY OF THE THIRD ORDER REGULAR OF ST. FRANCIS OF PENANCE (TOR) OF THE PROVINCE OF THE MOST SACRED HEART OF JESUS. OHIO HIGHER EDUCATIONAL FACILITY COMMISSION 346849674 67756AWD0 2006-07-06 20694366 REFUNDING,DORMITORY AND OTHER CAPITAL PROJECTS 0 0 0 20694366 1535358 3085500 537971 15535535 2008 1 0 1 1 0 0 0 0 0.00000 0.00000 0.00000 1 1 0 0 0 0 0 PATSY SKIVIAT OFFICER'S FAMILY MEMBER 29618 SALARY - EMPLOYMENT RELATIONSHIP 0 KEVIN HARRIS OFFICER'S FAMILY MEMBER 70917 SALARY 0 JOHN RECZNIK OFFICER'S FAMILY MEMBER 51163 SALARY 0 MARK RECZNIK OFFICER'S FAMILY MEMBER 76654 SALARY 0 MARY RECZNIK OFFICER'S FAMILY MEMBER 13519 SALARY 0 DR ANTHONY SCURTI OFFICER'S FAMILY MEMBER 12088 INDEPENDENT CONTRACTOR 0 DR JOHN HERRMANN OFFICER'S FAMILY MEMBER 26618 SALARY 0 JOHN HERRMANN OFFICER'S FAMILY MEMBER 69006 SALARY 0 KELLY HERRMANN OFFICER'S FAMILY MEMBER 35846 SALARY 0 X 27 570838 FMV X LAB SYSTEM 1 62820 FMV 0 0 1 0 FORM 990, PART VI, SECTION A, LINE 2 FR. TERENCE HENRY,T.O.R, FR. MALACHI VAN TASSELL, T.O.R, DAVID M. SKIVIAT, SR. AND DR. ROBERT FILBY ARE MEMBERS OF THE MARIA THRON FOUNDATION SUPERVISORY BOARD. FORM 990, PART VI, SECTION A, LINE 6 FRANCISCAN UNIVERSITY OF STEUBENVILLE IS A 501(3)(C) NONPROFIT CORPORATION WITH MEMBERS. THE MEMBERS OF THE CORPORATION ARE THE MINISTER PROVINCIAL AND THE PROVINCIAL CURIA OF THE MOST SACRED HEART OF JESUS, THIRD ORDER REGULAR (T.O.R.) AND THE PRESIDENT OF THE FRANCISCAN UNIVERSITY OF STEUBENVILLE WHO SERVES AS MEMBER EX OFFICIO. THESE INDIVIDUALS SERVE AS MEMBERS OF THE CORPORATION DURING THEIR RESPECTIVE TERMS AS MINISTER PROVINCIAL, MEMBERS OF THE PROVINCIAL CURIA, AND PRESIDENT OF THE UNIVERSITY. FORM 990, PART VI, SECTION A, LINE 7A THE MINISTER PROVINCIAL OF THE PROVINCE OF THE MOST SACRED HEART OF JESUS IS AN EX OFFICIO MEMBER OF BOARD. THIS INDIVIDUAL IS ELECTED BY THE PROVINCE OF THE MOST SACRED HEART OF JESUS. FORM 990, PART VI, SECTION A, LINE 7B THE FOLLOWING POWERS ARE RESERVED EXCLUSIVELY TO THE MEMBERS OF THE CORPORATION: A. TO DETERMINE THE PHILOSOPHY AND OBJECTIVES OF THE CORPORATION. B. TO ADOPT AMENDMENTS TO THE ARTICLES OF INCORPORATION, AND TO ALTER, AMEND, OR REPEAL BYLAWS. C. TO PURCHASE, SELL, LEASE, TRANSFER OR ENCUMBER, CONSTRUCT, OR UNDERTAKE THE DESTRUCTION OF LAND AND/OR BUILDINGS OWNED BY THE UNIVERSITY, OR IN WHICH THE UNIVERSITY HAS OR WILL HAVE LEGAL OR EQUITABLE TITLE. D. TO MERGE, CONSOLIDATE, OR AFFILIATE THE UNIVERSITY WITH ANY OTHER CORPORATION. E. TO DISSOLVE OR TERMINATE THE EXISTENCE OF THE UNIVERSITY AND TO DETERMINE THE DISTRIBUTION OF CORPORATE ASSETS UPON SUCH DISSOLUTION OR TERMINATION, PROVIDED THAT SUCH DISTRIBUTION BE EXCLUSIVELY MADE FOR SUCH PURPOSES AS ARE EXEMPT FROM TAXATION UNDER FEDERAL LAW. FORM 990, PART VI, SECTION B, LINE 11 THE DRAFT FORM 990, 990-T AND REQUIRED SCHEDULES ARE REVIEWED BY THE UNIVERSITY'S FINANCE MANAGEMENT TEAM. UPON COMPLETION OF THIS REVIEW, THE FORMS ARE FINALIZED AND A COMPLETE COPY OF THE RETURN IS PROVIDED TO THE AUDIT COMMITTEE OF THE BOARD OF TRUSTEES VIA THE UNIVERSITY'S INTRANET SITE IN ADVANCE OF FILING WITH THE INTERNAL REVENUE SERVICE. AFTER THE AUDIT COMMITTEE REVIEWS THE FORM 990 THEY COMMUNICATE WITH THE FULL BOARD. THE FORM 990 IS AVAILABLE ON THE INTRANET SITE FOR ANY BOARD MEMBER TO VIEW. FORM 990, PART VI, SECTION B, LINE 12C BOARD MEMBERS COMPLETE A CONFLICT OF INTEREST FORM ON AN ANNUAL BASIS TO IDENTIFY POTENTIAL OR ACTUAL CONFLICTS. MEMBERS OF THE UNIVERSITY'S FINANCE MANAGEMENT TEAM REVIEW ALL COMPLETED ANNUAL DISCLOSURES. PERCEIVED OR ACTUAL CONFLICTS ARE ADVANCED TO THE BOARD FOR RESOLUTION. FORM 990, PART VI, SECTION B, LINE 15 A. THE PRESIDENT OF THE UNIVERSITY, A CATHOLIC PRIEST OF FRANCISCAN FRIARS TOR, HAS TAKEN A VOW OF POVERTY AND IS NOT COMPENSATED FOR HIS SERVICE TO THE UNIVERSITY. THIS ARRANGEMENT IS DISCLOSED AND REVIEWED BY THE PROVINCIAL OF THE FRANCISCAN ORDER AND THE COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES. DUE TO THE FACT THAT NO COMPENSATION IS PAID TO THE PRESIDENT, POLICIES AND PROCESSES REGARDING AWARDING PRESIDENTIAL COMPENSATION ARE NOT RELEVANT, DISCLOSURES IN PART VII AND SCHEDULE J REFLECT THIS FACT. THE UNIVERSITY DOES MAKE A PAYMENT TO THE FRANCISCAN FRIARS TOR FOR THE SERVICES PERFORMED BY ALL FRIARS. B. THE OFFICERS' COMPENSATION IS DETERMINED WITHIN THE BUDGETING PROCESS AND SALARY INCREASES ARE APPROVED BY THE EXECUTIVE VICE PRESIDENT, THE PRESIDENT AND FINALLY BY AN INDEPENDENT COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES. THE UNIVERSITY MAINTAINS A MARKET BASED COMPENSATION SYSTEM WITH ASSIGNED PAY RANGES FOR EACH POSITION REFLECTING THE MARKET WAGE AMONG A GROUP OF IDENTIFIED PEERS AND RELATIVE LEVEL OF RESPONSIBILITY WITHIN THE ORGANIZATION. FORM 990, PART VI, SECTION C, LINE 19 FRANCISCAN UNIVERSITY OF STEUBENVILLE MAKES ITS GOVERNANCE DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENT AVAILABLE TO THE PUBLIC UPON WRITTEN REQUEST SUBMITTED TO VP OF FINANCE. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED LOSSES ON INVESTMENTS: -4,141,832. FORM 990, PART XI, QUESTION 2C, OVERSIGHT OF FINANCIAL STATEMENT AUDIT: AUDIT COMMITTEE DUTIES INCLUDE RECOMMENDING ENGAGEMENT OF INDEPENDENT AUDIT FIRM FOR BOARD APPROVAL, REVIEWING OF FINANCIAL STATEMENTS AND AUDIT RESULTS, FOLLOWING UP ON AUDIT RECOMMENDATIONS, AND REVIEWING FINANCIAL REPORTING COMPLIANCE. THIS PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. FORM 990, PART VII, EMERITUS TRUSTEES: THE FOLLOWING INDIVIDUALS SERVE AS EMERITUS TRUSTEES OF THE FRANCISCAN UNIVERSITY OF STEUBENVILLE WITH NO VOTING RIGHTS: DR. JOHN H. IRVIN AND REV. BRIAN MILLER, T.O.R. GOOD VENTURE ENTERPRISES LLC 1235 UNIVERSITY BOULEVARD STEUBENVILLE OH 43952 340714818 PROVIDE DORMITORY & SOCIAL SPACE FOR STUDENTS & GUESTS OH 240899 6209422 N/A GOOD VENTURE HIH LLC 1235 UNIVERSITY BOULEVARD STEUBENVILLE OH 43952 261329844 PROVIDE HOTEL/REST SVC & LIMITED DORM SPACE FOR STUDENTS/GUESTS OH 3634172 4349250 N/A GOOD VENTURE BELLEVIEW 1235 UNIVERSITY BOULEVARD STEUBENVILLE OH 43952 340714818 FUTURE DEVELOPMENT FOR CAMPUS EXPANSION OH 0 2008973 N/A GOOD VENTURE PROPERTIES 1235 UNIVERSITY BOULEVARD STEUBENVILLE OH 43952 340714818 FUTURE DEVELOPMENT FOR CAMPUS AND EXPANSION OH 10500 2492948 N/A GOOD VENTURE PARKVIEW CIRCLE LLC 1235 UNIVERSITY BOULEVARD STEUBENVILLE OH 43952 340714818 PROVIDE RESIDENTIAL AND ACADEMIC SPACE FOR STUDENTS OH 17 3833155 N/A FOUNDATION MARIA THRON 3292 GAMING KARTAUSE 1 GAMING EUROPE AU HISTORIC MONASTERY SITE OF THE UNIVERSITY'S STUDY ABROAD PROGRAM AU N/A N/A N/A 0 FRANCISCAN UNIVERSITY ONLINE LLC 1235 UNIVERSITY BOULEVARD STEUBENVILLE OH 43952 453154004 ONLINE EDUCATION OH 0 0 1 0.51000 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 1 FOUNDATION MARIA THRON-LEASE PAYMENTS J 1241238 FMV FOUNDATION MARIA THRON-PAYMENT FOR FOOD SERVICES L 503532 FMV FOUNDATION MARIA THRON-REPAYMENT OF LOAN PROCEEDS WITH INTEREST R 55868 FMV