2013-04-15T14:55:37-05:00 2012-05-31 990 2011-06-01 610482955 BELLARMINE UNIVERSITY BELL 5022728261 2001 NEWBURG ROAD LOUISVILLE KY 40205 ROBERT L ZIMLICH 5022728261 2013-04-15 2011 2016-03-07 17:11:31Z ROBERT L ZIMLICH 2001 NEWBURG ROAD LOUISVILLE KY 40205 62857664 0 X WWW.BELLARMINE.EDU X 1950 KY POST-SECONDARY EDUCATION. 28 26 1567 458 15378 0 6135569 5128051 51362055 56050611 1812223 652828 378271 706186 59688118 62537676 220869 34843 0 0 35644115 38625253 0 0 4324199 20508788 22957954 56373772 61618050 3314346 919626 177314689 180930123 75349749 80507739 101964940 100422384 X BELLARMINE UNIVERSITY EDUCATES STUDENTS THROUGH UNDERGRADUATE AND GRADUATE PROGRAMS IN THE LIBERAL ARTS AND PROFESSIONAL STUDIES. THE UNIVERSITY IS AN INDEPENDENT CATHOLIC UNIVERSITY SERVING THE REGION, NATION, AND WORLD THROUGH POST-SECONDARY EDUCATION. 0 0 27242784 44767838 INSTRUCTION: 2640 STUDENTS IN UNDERGRADUATE CLASSES; 792 STUDENTS IN GRADUATE CLASSES; 871 STUDENTS GRADUATED IN 2011-2012 SCHOOL YEAR. 6774451 6663142 AUXILIARY HOUSING: AUXILIARY ENTERPRISES:STUDENT HOUSING IS THE MAJOR AUXILIARY ENTERPRISE. LIVING QUARTERS WERE PROVIDED TO 1055 STUDENTS IN THE RESIDENCE HALLS. 12594323 4659233 STUDENT SERVICES, STUDENT AFFAIRS OFFICE, ADMISSIONS AND ENROLLMENT SERVICES,REGISTRARS OFFICE, HEALTH AND COUNSELING SERVICES, ATHLETICS AND RECREATION 2417628 502603 ACADEMIC SUPPORT, LIBRARY AND COMPUTER TECHNOLOGY SERVICES, SUPPORT FOR THE FOUR ACADEMIC DIVISIONS 2417628 502603 49029186 1 1 0 0 0 0 0 1 0 1 1 1 0 0 1 1 1 0 1 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 1 0 1 1 0 0 0 0 1 0 0 0 0 1 566 0 1 1567 1 1 1 0 0 0 0 1 1 0 0 0 X 28 26 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 KY MA WA AZ AK NH X X ROBERT L ZIMLICH VP FOR ADMIN & FINANCE 5022728261 2001 NEWBURG ROAD LOUISVILLE KY 40205 JOSEPH J MCGOWAN 40.00 X X 555766 0 130273 NICK CAROSI 2.00 X 0 0 0 JOSEPH P CLAYTON 2.00 X 0 0 0 RUSS COX 2.00 X 0 0 0 SHARON DES JARLAIS 2.00 X 0 0 0 JAMES R ALLEN 2.00 X 0 0 0 JOHN LANSING 2.00 X 0 0 0 C EDWARD GLASSCOCK 2.00 X 0 0 0 GJ HART 2.00 X 0 0 0 MICHAEL HOBBS 2.00 X 0 0 0 LYNN JARRELL 2.00 X 0 0 0 REV JOSEPH E KURTZ DD 2.00 X 0 0 0 MICHAEL J MACKIN 2.00 X 0 0 0 ELIZABETH MONTGOMERY 2.00 X 0 0 0 STEPHEN G MULLINS 2.00 X 0 0 0 WPATRICK MULLOY 2.00 X 0 0 0 STEVE TRAGER 2.00 X 0 0 0 JOE REAGAN 2.00 X 0 0 0 T W SAMUELS 2.00 X 0 0 0 LEONARD M SPALDING 2.00 X 0 0 0 MARION A SWOPE MD 2.00 X 0 0 0 TOM L THOMAS 2.00 X 0 0 0 DOUG WHYTE 2.00 X 0 0 0 ANGELA MASON 2.00 X 0 0 0 DONALD BERG 2.00 X 0 0 0 MICHAEL MCCALLISTER 2.00 X 0 0 0 DORIS TEGART 40.00 X 209343 0 29170 FRED W RHODES 40.00 X 187828 0 31700 ROBERT L ZIMLICH 40.00 X 173256 0 46849 GLENN KOSSE 40.00 X 191888 0 31739 HUNT HELM 40.00 X 139096 0 31236 SEAN RYAN 40.00 X 142379 0 26678 CAROLE PFEFFER 40.00 X 118382 0 16940 DANIEL BAUER 40.00 X 162736 0 27594 MICHAEL MATTEI 40.00 X 152722 0 28023 ROBERT COOTER 40.00 X 172117 0 22293 SCOTT DAVENPORT 40.00 X 190919 0 24754 MIKE RYAN 40.00 X 131375 0 16213 2527807 0 463462 27 0 1 0 FW OWENS COMPANY 331 BOXLEY AVENUE LOUISVILLE KY 40209 BUILDING CONTRACTOR 3494044 DOE ANDERSON 620 WEST MAIN STREET LOUISVILLE KY 40202 ADVERTISING 913121 SOUTHEAST SERVICE CORP 1845 MIDPARK ROAD 201 KNOXVILLE TN 37921 CLEANING SERVICES 814884 ROYALL AND COMPANY 1920 EAST PARHAM ROAD RICHMOND VA 23228 RECRUITING CONSULTANTS 640821 WESCO DISTRIBUTION INC 3419 BASHFORD AVE CT LOUISVILLE KY 40218 EQUIPMENT & PARTS SUPPLIER 600615 5 165729 266024 4696298 5128051 TUITION AND FEES 900099 44767838 44767838 AUXLIARY ENTERPRISES-H 900099 5028444 5028444 FOOD REVENUE 900099 1412441 1412441 CAMPUS STORE 900099 182655 182655 4659233 4659233 56050611 652828 652828 124109 29279 94830 94830 94830 303631 165729 250442 53189 53189 638 54 584 584 98444 40213 58231 58231 OTHER INCOME 531390 261295 261295 SPORTS CAMP REVENUE 713990 222679 222679 MEMBERSHIP DUES 713940 15378 15378 499352 62537676 56592816 15378 801431 34843 34843 2252684 853698 1169202 229784 27590057 22941692 2930178 1718187 2034081 1657599 231311 145171 4798441 3615754 894195 288492 1949990 1651637 185824 112529 139128 139128 48650 48650 1035221 755445 79581 200195 938312 260119 31859 646334 2707404 1776607 806780 124017 904041 381808 493193 29040 1902579 1853287 49292 1456391 1327829 104920 23642 185685 183875 1810 3688403 3608420 64204 15779 4138786 3687659 360074 91053 OTHER EXPENSES-PLANT 2215083 1395154 643401 176528 OTHER EXPENSES - 1509597 1758931 -394820 145486 PRINTING 1021884 718605 111281 191998 MEALS 960485 585174 195647 179664 106305 -18950 118955 6300 61618050 49029186 8264665 4324199 13576316 14652107 6649983 6803886 1709516 2087147 88132 113400 2527971 2812941 149335707 41637842 103960100 107697865 32446453 29369209 13549798 13855009 2806420 3538559 177314689 180930123 5051562 5055401 1737839 2181929 65481700 70240000 132481 58471 2946167 2971938 75349749 80507739 X 58886776 59426197 14531538 11151784 28546626 29844403 101964940 100422384 177314689 180930123 X 919626 -2462182 X X 0 1 1 X 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 13340 13340 X X X 0 41225490 1062421 -2009908 935819 444787 322494 38574903 32783101 3089001 6948188 927679 407934 259187 41225490 28175218 1166090 4993873 914780 378414 258886 32783101 34726715 1877606 -6933303 897153 371294 227353 28175218 0.21510 0.78490 0 0 3508618 3508618 108739977 24883900 83856077 14724068 9454626 5269442 22363044 7299316 15063728 107697865 396467 F OTHER ENDOWMENT SECURITIES 5785893 F GLOBAL HEDGED EQUITY 3667707 F ABSOLUTE RETURN HEDGE FUND 1153405 F DISTRESSED DEBT 1308471 F PRIVATE EQUITY 1543066 F 13855009 ANNUITY OBLIGATIONS 1077742 U.S. ADVANCES FOR STUDENT LOANS 791159 INTEREST RATE SWAP 1103037 2971938 62537676 61618050 919626 -2462182 -2462182 -1542556 60107225 -2462182 319987 -2142195 62249420 288256 288256 62537676 61649781 319987 319987 61329794 288256 288256 61618050 PART III, LINE 4: THE HISTORICAL TREASURES OF THE UNIVERSITY CONSIST OF OVER 50,000 ITEMS OF THOMAS MERTON INCLUDING WRITINGS, DRAWINGS, PHOTOGRAPHS, PERSONAL POSSESSIONS, AND OTHER MERTON ARTIFACTS. THEY ARE KEPT IN THE THOMAS MERTON CENTER LOCATED IN THE UNIVERISTY LIBRARY BUILDING. THE MERTON CENTER IS USED FOR SCHOLARLY RESEARCH ON THOMAS MERTON,A WORLD CONTEMPLATIVE AND WRITER. IN ADDITION TO THE MERTON TREASURES, THE UNIVERSITY HAS NUMEROUS DOROTHY DAY TREASURES. DOROTHY DAY WAS A NOTED TWENTIETH CENTURY CATHOLIC SOCIAL ACTIVIST AND THINKER. AMONG THE TREASURES OF THE UNIVERSITY ARE 136 ORIGINAL LETTERS FROM DOROTHY DAY, FOUR SIGNED BOOKS BY DOROTHY DAY, HUNDREDS OF EARLY CATHOLIC WORKER PHOTOS AND 523 CATHOLIC WORKER NEWSPAPERS, MOSTLY COMPLETE FROM THE FIRST ISSUE, 1933 THROUGH 1990. THESE MATERIALS ARE NOW AVAILABLE FOR CONSULTATION BY RESEARCHERS VISITING THE THOMAS MERTON CENTER AT BELLARMINE UNIVERSITY WHO ARE INTERESTED IN THE LIFE AND WORK OF DOROTHY DAY. DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: THE UNIVERSITY HAS ADOPTED INVESTMENT AND SPENDING POLICIES, APPROVED BY THE BOARD OF TRUSTEES, FOR ENDOWMENT ASSETS THAT ATTEMPT TO PROVIDE A PREDICTABLE STREAM OF FUNDING TO SUPPORT CURRENT AND FUTURE UNIVERSITY NEEDS, WHILE SEEKING TO MAINTAIN THE PURCHASING POWER OF THESE ENDOWMENT ASSETS OVER THE LONG-TERM, AND TO BUILD CAPITAL FOR FUTURE USE. THE UNIVERSITY'S SPENDING AND INVESTMENT POLICIES WORK TOGETHER TO ACHIEVE THIS OBJECTIVE. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: PURSUANT TO A DETERMINATION BY THE INTERNAL REVENUE SERVICE, THE UNIVERSITY IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE UNIVERSITY GENERALLY ADOPTED THE PROVISIONS OF FASB ASC 740-10 RELATING TO UNCERTAINTY OF INCOME TAXES ON JUNE 1, 2009. THE IMPLEMENTATION INCLUDED EVALUATING THE TAX POSITIONS TAKEN ON ALL INCOME TAX RETURNS THAT REMAIN OPEN TO EXAMINATION BY THE RESPECTIVE TAXING AUTHORITIES. THE UNIVERSITY DOES NOT BELIEVE THAT THERE ARE ANY UNCERTAIN TAX POSITIONS ON THOSE RETURNS THAT MEET THE REQUIREMENT OF FASB ASC 740-10 AND THEREFORE, SHOULD BE REFLECTED IN THE FINANCIAL STATEMENTS. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES, SPECIAL EVENTS, AND COST OF GOODS SOLD 319,987. PART XII, LINE 4B - OTHER ADJUSTMENTS: SPORTS CAMP REVENUE 222,678. ATHLETIC TEAM FUND RAISING 65,578. PART XIII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES, SPECIAL EVENTS, AND COST OF GOODS SOLD 319,987. PART XIII, LINE 4B - OTHER ADJUSTMENTS: SPORTS CAMP REVENUE NETTED AGAINST EXPENSE. 222,678. ATHLETIC TEAM FUND RAISING NETTED AGAINST EXPENSE 65,578. SCHEDULE D, PAGE 4, PART XII, LINE 2D-RENTAL EXPENSES, SPECIAL EVENTS EXPENSE AND COST OF GOODS SOLD WHICH WERE NETTED AGAINST THE REVENUE ACCOUNTS FOR PRESENTATION ON THE 990, BUT INCLUDED AS EXPENSE ON THE AUDITED STATEMENTS.(SEE EXPLANATION SCHEDULE D, PAGE 4, PART XIII, LINE 2D BELOW.) SCHEDULE D, PAGE 4, PART XII, LINE 4B-SPORTS CAMP REVENUE AND ATHLETIC TEAM FUND RAISING NETTED AGAINST EXPENSES IN THE AUDITED STATEMENTS BUT SHOWN AS INCOME ON THE 990. SCHEDULE D, PAGE 4, PART XIII, LINE 2D-RENTAL EXPENSES, SPECIAL EVENTS EXPENSE AND COST OF GOODS SOLD WHICH WERE NETTED AGAINST THE REVENUE ACCOUNTS FOR PRESENTATION ON THE 990, BUT INCLUDED AS EXPENSE ON THE AUDITED STATEMENTS. SCHEDULE D, PAGE 4, PART XIII, LINE 4B, REPRESENTS SPORTS CAMP REVENUE OF 118,911 AND ATHLETIC TEAM FUND RAISING OF 65,578 NETTED AGAINST EXPENSE IN THE AUDITED STATEMENTS, AND SHOWN AS REVENUE ON THE 990. 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 THE POLICY IS WRITTEN IN ALL OF THE PUBLICATIONS OF THE UNIVERSITY. ALSO THE POLICY IS BROADCAST THROUGHOUT THE YEAR IN NUMEROUS PUBLIC PUBLICATIONS INCLUDING LOCAL NEWSPAPERS, PROMOTIONAL MATERIALS AND OTHER STUDENT BROCHURES. EXPLANATION OF GOVERNMENT FINANCIAL ASSISTANCE SCHEDULE E, PART I, LINE 6 BELLARMINE UNIVERSITY PARTICIPATES IN THE FOLLOWING FINANCIAL AID PROGRAMS: FEDERAL PELL GRANT PROGRAM, FEDERAL WORK STUDY PROGRAM, FEDERAL SUPPLEMENTAL EDUCATIONAL OPPORTUNITY GRANT PROGRAM, FEDERAL PERKINS LOAN PROGRAM, FEDERAL DIRECT LOAN PROGRAM, NATIONAL SCIENCE AND MATHMATICS ACCESS TO RETAIN TALENT GRANT PROGRAM, ACADEMIC COMPETITIVENESS GRANT PROGRAM, TEACHER EDUCATION ASSISTANCE FOR COLLEGE AND HIGHER EDUCATION GRANTS PROGRAM, THE FEDERAL TEACH GRANT PROGRAM, AND ADVANCE EDUCATION NURSING TRAINEESHIPS. THE UNIVERSITY COMPLIES WITH THE ANNUAL SINGLE AUDIT REQUIREMENTS, FILINGS WITH THE FEDERAL AUDITING CLEARINGHOUSE AND THE DEPARTMENT OF EDUCATION FILINGS. PARIS 0 0 PROGRAM SERVICES MBA720 INTERNATIONAL MANAGEMENT MADRID 0 0 PROGRAM SERVICES MBA720 INTERNATIONAL MANAGEMENT LONDON 0 0 PROGRAM SERVICES INTERDISCIPLINARY COURSE IDC301 SOUTH AFRICA 0 0 PROGRAM SERVICES INTERDISCIPLINARY COURSE IDC301-05 EUROPE 0 0 PROGRAM SERVICES INTERDISCIPLINARY COURSE - BSNS IN EUROPE AUSTRALIA 0 0 PROGRAM SERVICES PHYSICAL THERAPY FIELD EXPERIENCE INDIA 0 0 PROGRAM SERVICES INTERNATIONAL SPIRITUALITY BELIZE 0 0 PROGRAM SERVICES BIOLOGY FIELD EXPERIENCE GUATEMALA 0 0 PROGRAM SERVICES SERVICE LEARNING 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 BELLARMINE UNIVERSITY PROVIDES VARIOUS OPPORTUNITIES OUTSIDE OF THE UNITED STATED TO ITS STUDENTS AND FACULTY. THESE OPPORTUNITIES INCLUDE SERVICE LEARNING AND COURSES FOR CREDIT. THESE STUDENTS AND FACULTY ARE RESIDENTS OF THE UNITED STATES AND TRAVEL OUTSIDE THE UNITED STATES TO PARTAKE OF THE PROGRAM SERVICES OPPORTUNITIES OFFERED ABROAD BY THE UNIVERSITY. BELLARMINE DOES NOT MAINTAIN OFFICES OR A BASE OF OPERATIONS OF ANY KIND OUTSIDE OF THE UNITED STATES. THE INTERDISCIPLINARY COURSES LISTED IN PART I INCLUDE COURSES IN INTERNATIONAL BUSINESS AND STUDIES OF VARIOUS CULTURES. STUDENTS, FACULTY, AND STAFF TRAVELLING ABROAD FOR PROGRAM SERVICES AND SERVICE LEARNING CLINICS ARE REQUIRED TO PAY FOR ALL TRAVEL AND RELATED EXPENSES PRIOR TO TRAVELLING ABROAD. LASTLY, BELLARMINE STUDENTS PARTICIPATING IN IDC STUDY ABROAD CLASSES MAY RECEIVE TUITION SCHOLARSHIPS WHILE TRAVELLING ABROAD; HOWEVER THESE SCHOLARSHIPS ARE POSTED DIRECTLY TO THE STUDENT'S ACCOUNT AND OPERATE IN THE SAME MANNER AS IF THE STUDENT WERE STUDYING AT THE UNIVERSITY. KNIGHT OF KNIGHTS 167500 0 167500 60717 119173 DESIGNER SHOW HOUSE 97399 52370 45029 45029 3 204461 113359 91102 25524 469360 165729 303631 60717 189726 250443 53188 638 54 0 638 54 54 584 KY 1 0 0 0 1.00000 0.00000 RESTRICTED FUND ACCOUNTANT SUPERVIS 2001 NEWBURG ROAD LOUISVILLE KY 40205 0 CONNIE HURLEY 2500 WORKS TO ENSURE THAT THE UNIVERSITY COMPLIES WITH ALL APPLICABLE GAMING LAWS. X 0 1 US DEPT OF EDUCATION - UNIVERSITY OF LOUISVILLE, IMPROVING EDUCATION 20-3506 1 8585 NATIONAL HEART LUNG AND BLOOD INSTITUTE - UNIVERSITY OF KENTUCKY, INTERVENTION FOR PROMOTING SMOKE-FREE POLICY IN RURAL KY 20-3507 1 4136 AIKCU - SENATE BILL 1 FOR SCHOOL OF EDUCATION 20-3509 15 298 FOUNDATION FOR A HEALTHY KY - DIABETES RESEARCH 20-4004 1 808 AMERICAN ASSN OF COLLEGES OF NURSING - THROUGH SCHOOL OF NURSING - YEAR 2 & 3 20-4005/4007 9 5549 PALEONTOLOGICAL SOCIETY EDUCATION OUTREACH - THROUGH SCHOOL OF ARTS & SCIENCE (CHEMISTRY & PHYSICS DEPT) 20-4022 18 1010 WHAS STUDENT ASSESSMENT CLINIC - THROUGH SCHOOL OF EDUCATION 20-4041/4042 36 13724 KENTUCKY COUNCIL ON ECONOMIC EDUCATION - THROUGH SCHOOL OF EDUCATION 20-4043 72 400 METRO PARKS BRIGHTSIDE NEIGHBORHOOD - THROUGHT CENTER ENVIRONMENTAL STUDIES 20-4071 1 33 GREAT LAKES VALLEY CONFERENCE - THROUGH STUDENT SERVICES 20-4083 2 300 THE UNIVERSITY HAS A DIRECTOR OF SPONSORED PROGRAMS AND A RESTRICTED FUNDS ACCOUNTANT THAT MONITOR ALL GRANTS AND RESTRICTED FUND ACTIVITY FOR THE UNIVERSITY. THE DIRECTOR OF SPONSORED PROGRAMS REPORTS TO THE ASSISTANT VICE-PRESIDENT FOR ACADEMIC AFFAIRS. THE RESTRICTED FUNDS ACCOUNTANT REPORTS TO THE ACCOUNTING OFFICER, WHO REPORTS TO THE ASSISTANT VICE-PRESIDENT FOR ADMINISTRATION AND FINANCE WITHIN THE UNIVERSITY BUSINESS OFFICE. THESE EMPLOYEES ARE RESPONSIBLE FOR WORKING WITH THE VARIOUS DEPARTMENTS WHOSE DEPARTMENT, FACULTY, AND STUDENTS WERE RECIPIENTS OF SUCH GRANTS. FOR THE FISCAL YEAR THERE WERE TEN SUCH GRANTS, ALL OF WHICH WERE MONITORED BY ACADEMIC AFFAIRS AND THE BUSINESS OFFICE, AS WELL AS FACULTY FROM THE RESPECTIVE DEPARTMENTS. X X 1 1 X X 0 0 0 0 0 0 0 1 0 JOSEPH J MCGOWAN 317221 0 166685 0 71860 0 74500 0 55773 0 686039 0 50000 0 DORIS TEGART 197323 0 0 0 12020 0 21483 0 7687 0 238513 0 0 0 FRED W RHODES 177555 0 0 0 10273 0 18460 0 13240 0 219528 0 0 0 ROBERT L ZIMLICH 163663 0 0 0 9593 0 18460 0 28389 0 220105 0 0 0 GLENN KOSSE 175061 0 0 0 16827 0 19771 0 11968 0 223627 0 0 0 HUNT HELM 131519 0 0 0 7577 0 14226 0 17010 0 170332 0 0 0 SEAN RYAN 134798 0 0 0 7581 0 14930 0 11748 0 169057 0 0 0 DANIEL BAUER 154643 0 0 0 8093 0 15806 0 11788 0 190330 0 0 0 MICHAEL MATTEI 129872 0 0 0 22850 0 16213 0 11810 0 180745 0 0 0 ROBERT COOTER 160186 0 0 0 11931 0 17421 0 4872 0 194410 0 0 0 SCOTT DAVENPORT 168521 0 0 0 22398 0 13088 0 11666 0 215673 0 0 0 PART I, LINE 7 THE EXECUTIVE COMMITTEE REVIEWS THE PRESIDENT'S PERFORMANCE ON AN ANNUAL BASIS. THE EXECUTIVE COMMITTEE OF THE BOARD ESTABLISHES CRITERIA TO BE USED DURING THE NEXT FISCAL YEAR TO ESTABLISH THE GOALS THE PRESIDENT MUST MEET OR EXCEED IN ORDER TO QUALIFY FOR ANY BONUS. THE GOALS ARE ESTABLISHED BASED UPON THE VISION AND THE MISSION OF THE UNIVERSITY. DURING THE FISCAL YEAR 2011-2012, THE BOARD OF TRUSTEES PERFORMED A FORMAL SALARY AND BENEFITS REVIEW OF THE PRESIDENT'S TOTAL COMPENSATION PACKAGE USING AN INDEPEDENT OUTSIDE CONSULTANT. LOUJEFFCOMETRO GOVERNMENT 616001862 NONEAVAIL 2008-07-10 27230000 REFUNDING & CAP IMPROVE 0 0 0 LOUJEFFCOMETRO GOVERNMENT 616001862 NONEAVAIL 2008-07-10 14060000 REFUNDING 0 0 0 LOUJEFFCOMETRO GOVERNMENT 616001862 NONEAVAIL 2009-12-16 18500000 CAPITAL IMPROVEMENTS 0 0 0 CITY OF SHIVELY KY COLLEGE IMPROVEMENT BONDS 616001912 NONEAVAIL 2011-04-20 7100000 CAPITAL IMPROVEMENTS 0 0 0 745000 15311407 2668086 361524 10067808 744261 13394218 2010 0 1 1 1 1070000 12990000 13817161 157788 2010 0 1 1 1 610000 16627198 1338091 774895 487907 17115105 2011 0 0 1 1 122000 6748810 86740 142450 6891260 2012 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 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 SCHEDULE K BONDS ALL BONDS ADDITIONAL INFORMATION TO SUPPORT BOND INFORMATION REPORTED ON SCHEDULE K BONDS A AND B - LOUISVILLE JEFFERSON COUNTY METRO GOVERNMENT: UNDER THE 2009 AND 2008 INDENTURES, A DEBT SERVICE RESERVE FUND HAS BEEN ESTABLISHED FOR THE BONDS AND IS REQUIRED TO BE MAINTAINED. AMOUNTS IN THE DEBT SERVICE RESERVE FUND MAY BE INVESTED BY THE UNIVERSITY ONLY IN INVESTMENT SECURITIES. THE MARKET VALUE OF THOSE SECURITIES AT MAY 31, 2012, WAS $1,338,091 AND $2,668,086 FOR THE SERIES 2009 AND 2008 BONDS RESPECTIVELY. BONDS A AND B - ADDITIONAL INFORMATION: IN JULY 2008, THE UNIVERSITY ISSUED $41,290,000 OF LOUISVILLE/JEFFERSON COUNTY METRO GOVERNMENT, COLLEGE REFUNDING AND IMPROVEMENT REVENUE BONDS, SERIES 2008 A & B (BELLARMINE UNIVERSITY PROJECTS) OF WHICH $23,884,969 WAS USED FOR THE PURPOSE OF DEFEASING THE COUNTY OF JEFFERSON, KENTUCKY, COLLEGE REVENUE BONDS, SERIES 2006, AND THE REMAINDER WAS USED TO PROVIDE FUNDS TO BUILD A 146 BED RESIDENCE HALL, TO BUILD AN ADDITION TO A CLASSROOM BUILDING, AND TO RENOVATE AN OFFICE BUILDING. BOND C - LOUISVILLE JEFFERSON COUNTY METRO GOVERNMENT: IN DECEMBER 2009, THE UNIVERSITY ISSUED $18,500,000 OF LOUISVILLE/JEFFERSON COUNTY METRO GOVERNMENT, COLLEGE IMPROVEMENT REVENUE BONDS, SERIES 2009 (BELLARMINE UNIVERSITY INCORPORATED PROJECT) OF WHICH THE MAJORITY WAS USED TO PROVIDE FUNDS TO BUILD A 119 BED RESIDENCE HALL, TO BUILD A SUBSTANTIAL ADDITION TO THE MAIN DINING HALL, RENOVATE AND EXPAND THE CAFE', AND ADD 276 SURFACE PARKING SPACES ON CAMPUS. THE TERM OF THE BOND ISSUE IS THIRTY YEARS. BOND D AND A (ENTITY 2) - CITY OF SHIVELY, KY AND CITY OF AUDUBON PARK, KY: IN APRIL 2011, THE UNIVERSITY ISSUED $7,100,000 OF CITY OF SHIVELY, KENTUCKY COLLEGE IMPROVEMENT REVENUE BONDS, SERIES 2011 (SHIVELY BONDS) AND IN MAY 2011, THE UNIVERSITY ISSUED $6,000,000 OF CITY OF AUDUBON PARK, KENTUCKY, COLLEGE IMPROVEMENT REVENUE BONDS, SERIES 2011 (AUDUBON PARK BONDS) TOGETHER REFERRED TO AS THE BELLARMINE UNIVERSITY INCORPORATED PROJECT OF WHICH THE MAJORITY WAS USED TO PROVIDE FUNDS TO BUILD A 129 BED RESIDENCE HALL, TO BUILD AN ARBORETA IN THE CENTER OF THE RESIDENCE HALL COMPLEX, AND TO MAKE SUBSTANTIAL REPAIRS TO THE SPORTS RECREATION AND FITNESS CENTER. IN APRIL 2011, THE UNIVERSITY ENTERED INTO A TEN YEAR SWAP AGREEMENT ON THE $7,100,000 OF SHIVELY BONDS FIXING THE INTEREST RATE ON THESE BONDS AT 4.34% AND ON THE $6,000,000 OF AUDUBON PARK BONDS TO BE EFFECTIVE MARCH 2012 FIXING THE INTEREST RATE ON THESE BONDS AT 4.74%. THE OUTSTANDING BALANCE OF THE BONDS PAYABLE AT MAY 31, 2012 WAS $6,978,000 AND $5,897,000, FOR SHIVELY BONDS AND AUDUBON PARK BONDS RESPECTIVELY. LINE 3, SCHEDULE K REPRESENTS THE 5/31/2012 OUTSTANDING DEBT LESS AMOUNT SET ASIDE FOR PROCEEDS OF REFUNDING ESCROWS, INTEREST AND BOND COSTS. LINE 10, SCHEDULE K REPRESENTS THE 5/31/2012 OUTSTANDING DEBT LESS AMOUNT SET ASIDE FOR PROCEEDS OF REFUNDING ESCROWS AND CAPITALIZED INTEREST. CITY OF AUDUBON PARK KY COLLEGE IMPROVEMENT BONDS 616001777 NONEAVAIL 2011-05-11 6000000 CAPITAL IMPROVEMENTS 0 0 0 103000 5830820 66180 5897000 2012 0 0 1 1 0 0 0 0 1 0 0 0 0 0 0 NICK CAROSI CURRENT UNIVERSITY TRUSTEE 100000 GIFTED $100,000 TOWARD COST OF ARCHWAY TO BE BUILT AT THE ENTRANCE TO THE UNIVERSITY. MR. CAROSI'S EMPLOYER (ARBAN & CAROSI INC) HAS AN AGREEMENT TO FABRICATE THE ARCHWAY. 0 JOHN FLYNN FORMER UNIVERSITY TRUSTEE 182006 32,755 GIFT IN KIND VIA COMPANY 'TAYLOR AVENUE LLC' - LEASEHOLD IMPROVEMENTS AT 1961 BISHOPS LANE, LOUISVILLE, KY. THE UNIVERSITY ALSO HAS A FIVE YEAR LEASE ON THE 1961 BISHOPS LANE PROPERTY WHICH IS OWNED BY TAYLOR AVENUE LLC. THE UNIVERSITY CONTRACTS WITH FLYNN BROTHERS CONTRACTING FOR VARIOUS UNIVERSITY PROJECTS. THE PROJECTS ARE AWARDED THROUGH A COMPETITIVE BID PROCESS. THE UNIVERSITY PAID FLYNN BROTHERS CONTRACTING 149,251 FOR SUCH SERVICES DURING THE PERIOD COVERED BY THIS RETURN. 0 C EDWARD GLASSCOCK CURRENT UNIVERSITY TRUSTEE 11768 C. EDWARD GLASSCOCK IS CHAIRMAN EMERITUS AND A MEMBER OF FROST BROWN TODD ATTORNEYS. FROST BROWN TODD IS PAID FOR PERFORMING LEGAL SERVICES FOR BELLARMINE UNIVERSITY. FROST BROWN TODD IS NOT THE ONLY LAW FIRM UTILIZED BY THE UNIVERSITY. MR. GLASSCOCK WAS NOT THE ATTORNEY WHO PERFORMED THE SERVICES FOR WHICH FROST BROWN TODD WAS PAID DURING THE FISCAL YEAR. THE LAW FIRM WAS PAID $11,768 FOR THE PERIOD COVERED BY THIS RETURN. 0 X 5 120285 MARKET VALUE X PRINTING SERVICES 1 6851 MARKET VALUE X LEASEHOLDIMPRV-FLYNN 1 32755 MARKET VALUE X THOMAS MERTON COLLECTION 2 13340 MARKET VALUE X MISCELLANEOUS 8 9095 MARKET VALUE 0 1 0 THIRD PARTY USE: PART I, LINE 32B: THE UNIVERSITY HAS A WRITTEN GIFT ACCEPTANCE POLICY FOR THE REVIEW OF ANY NON-STANDARD CONTRIBUTIONS. THE POLICY REQUIRES THAT PRIOR TO ACCEPTING NON-STANDARD GIFTS THAT THE DEVELOPMENT OFFICERS REVIEW THE NEED OF THE UNIVERSITY FOR SUCH GIFT AND DISCUSS THE GIFT WITH THE AREA VICE-PRESIDENT OR DEAN OF THE DEPARTMENT TO DETERMINE THAT THE GIFT FALLS WITHIN THE UNIVERSITY'S MISSION AND VISION. FINAL APPROVAL OF THE GIFT IS MADE BY THE VICE-PRESIDENT FOR ADMINISTRATION AND FINANCE OR VICE-PRESIDENT FOR DEVELOPMENT AND ALUMNI RELATIONS. FORM 990, PART VI, SECTION A, LINE 2 STEVE TRAGER, CURRENT TRUSTEE, IS THE CEO OF REPUBLIC BANK & TRUST CO.; AND W. PATRICK MULLOY, II, CURRENT TRUSTTE, IS A DIRECTOR AT REPUBLIC BANK & TRUST CO. DR. MCGOWAN, PRESIDENT AND CEO OF BELLARMINE UNIVERSITY, WAS ELECTED TO THE BOARD OF TRUSTEES FOR NORTON HEALTHCARE IN APRIL 2011 TO SERVE A 3 YEAR TERM. MR. RUSS COX, CURRENT TRUSTEE, IS THE EXECUTIVE VICE-PRESIDENT AND COO OF NORTON HEALTHCARE. MR. MIKE MCCALLISTER, CURRENT TRUSTEE, IS THE CHAIRMAN OF THE BOARD FOR HUMANA HEALTHCARE INC. THE UNIVERSITY, THROUGH A COMPETITIVE BID PROCESS, OFFERS HUMANA HEALTH INSURANCE TO ITS EMPLOYEES. FORM 990, PART VI, SECTION B, LINE 11 THE 990 IS PREPARED BY INTERNAL STAFF AND REVIEWED IN DETAIL BY THE ASSISTANT VICE-PRESIDENT FOR ADMINISTRATION AND FINANCE. THE AVP IS AN ATTORNEY AND CPA WITH 18 YEARS OF TAX EXPERIENCE. THE REVIEW IS COMPLETED IN SEVERAL STAGES IN ORDER TO PROCESS ALL THE INFORMATION THOROUGHLY. CONTINUING EDUCATION ON TAX REQUIREMENTS IS PROVIDED TO THOSE INVOLVED WITH THE PREPARATION AND REVIEW OF THE 990. THE RETURN IS GIVEN TO THE AUDIT COMMITTEE. THE AUDIT COMMITTEE REVIEWS AND DISCUSSES THE RETURN. THE AUDIT COMMITTEE REPORTS INFORMATION REGARDING THE 990 TO THE FULL BOARD PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION SENDS ITS CONFLICT OF INTEREST POLICY TO ALL BOARD MEMBERS ANNUALLY. THE VP FOR ADMINISTRATION AND FINANCE MONITORS THAT ALL MEMBERS RETURN A SIGNED COPY INDICATING THEY HAVE REVIEWED THE POLICY AND LISTED ANY POTENTIAL CONFLICTS. ADDITIONALLY, ALL EMPLOYEES RECEIVE A UNIVERSITY HANDBOOK AND SIGN ACKNOWLEDGMENT INDICATING SUCH RECEIPT. THE CONFLICT OF INTEREST POLICY IS LOCATED WITHIN THE STAFF HANDBOOK. LASTLY, THE ORGANIZATION MAINTAINS A TELEPHONE LINE IN WHICH EMPLOYEES CAN CONFIDENTIALLY REPORT ANYTHING THAT THEY DEEM AS INAPPROPRIATE WITHIN THE ORGANIZATION; INCLUDING BUT NOT LIMITED TO FRAUD, HARASSEMENT, DISCRIMINATION, CONFLICT OF INTEREST OR MISAPPROPRIATION OF UNIVERSITY FUNDS OR ASSETS. THE CONFIDENTIAL LINE IS (502)272-7535. FORM 990, PART VI, SECTION B, LINE 15 THE PRESIDENTIAL CONTRACT AND COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES REVIEWS THE PRESIDENT'S SALARY ON A YEARLY BASIS; INCLUDING BASE COMPENSATION, BONUS AND FRINGE BENEFITS. THE PRESIDENTIAL CONTRACT AND COMPENSATION COMMITTEE EVALUATES THE COMPENSATION OF THE PRESIDENT BASED ON ESTABLISHED GOALS AND DISCUSSES AND APPROVES THE NEW SALARY ON AN ANNUAL BASIS. THE UNIVERSITY AND THE PRESIDENT ARE BOUND BY A CONTRACT. THE CONTRACT IS NEGOTITATED AND REVIEWED BY THE PRESIDENTIAL CONTRACT AND COMPENSATION COMMITTEE OF THE BOARD. AS PART OF THE EVALUATION PROCESS USED BY THE PRESIDENTIAL CONTRACT AND COMPENSATION COMMITTEE OF THE BOARD, MARKET DATA, SALARY SURVEYS OF SIMILAR INSTITUTIONS AND OTHER RELEVANT INFORMATION ARE REVIEWED IN CONJUNCTION WITH THE PRESIDENT'S REPORT ON ACCOMPLISHMENTS AND PROPOSED GOALS. ALL EMPLOYEES, OTHER THAN THE PRESIDENT, ARE EVALUATED BY THEIR IMMEDIATE SUPERVISOR ON AN ANNUAL BASIS. THE VICE-PRESIDENTS OF THE UNIVERSITY ARE EVALUATED BY THE PRESIDENT. FORM 990, PART VI, SECTION C, LINE 18 THE UNIVERSITY MAKES AVAILABLE ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS TO THE GENERAL PUBLIC UPON REQUEST DURING THE REGULAR BUSINESS HOURS OF THE UNIVERSITY. THE FORM 990 IS AVAILABLE ON GUIDESTAR FOR PUBLIC INSPECTION. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES AVAILABLE ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS TO THE GENERAL PUBLIC UPON REQUEST DURING THE REGULAR BUSINESS HOURS OF THE UNIVERSITY. THE FORM 990 IS AVAILABLE ON GUIDESTAR FOR PUBLIC INSPECTION. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED LOSSES ON INVESTMENTS: -2,462,182. FINANCIAL STATEMENT OVERSIGHT: PART XII, LINE 2C THE RESPONSIBILITY FOR THE OVERSIGHT OF THE AUDIT AND THE SELECTION OF THE INDEPENDENT CERTIFIED PUBLIC ACCOUNTANT HAS NOT CHANGED SINCE THE LAST FISCAL YEAR. CHARITABLE REMAINDER UNITRUST KY 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0