2013-04-29T11:00:03-05:00 2012-06-30 CROWE HORWATH LLP 330 E Jefferson Blvd PO Box 7 South Bend IN 466240007 990 2011-07-01 350868152 SAINT JOSEPH'S COLLEGE SAIN 2198666000 US 231 South PO Box 889 Rensselaer IN 47978 HOA NGUYEN 2013-04-24 true Kenneth J Keber P00240883 5742323992 2011 2016-03-07 17:11:31Z F DENNIS RIEGELNEGG US 231 South Rensselaer IN 47978 45694765 false X WWW.SAINTJOE.EDU X 1889 IN SAINT JOSEPH'S COLLEGE IS A LIBERAL ARTS COLLEGE STRIVING TO PREPARE MEN AND WOMEN TO LEAD SUCCESSFUL PROFESSIONAL AND PERSONAL LIVES CONSISTENT WITH GOSPEL VALUES. 35 33 632 70 221890 -116226 3856962 3870463 24808873 27184844 782266 2697274 1438544 2410329 30886645 36162910 10664501 12207020 0 0 11606987 12056676 0 0 403474 10332335 10766651 32603823 35030347 -1717178 1132563 101500626 126729025 30718444 31901830 70782182 94827195 X SAINT JOSEPH'S COLLEGE (INDIANA), A PRIMARILY UNDERGRADUATE CATHOLIC COLLEGE, FOUNDED AND SPONSORED BY THE MISSIONARIES OF THE PRECIOUS BLOOD, PLEDGES ITSELF TO A TRADITION OF EXCELLENCE AND TO A LIBERAL EDUCATION THAT IS A UNITED ENDEAVOR OF INTELLIGENCE AND FAITH. (CONTINUED IN SCHEDULE O) false false 28543666 12207020 27003630 AT SAINT JOSEPH'S COLLEGE, WE CARRY ON THE CATHOLIC INTELLECTUAL TRADITION -- AN INTEGRAL PART OF OUR MISSION. NOT ONLY DO WE TEACH FACTS AND CONCEPTS, BUT WE ALSO FURNISH STUDENTS WITH THE TOOLS TO APPLY THOSE IDEAS TO THE WORKPLACE AND TO THEIR LIVES. THROUGH THIS, WE PROVIDE STUDENTS THE RESOURCES TO SPEAK AND WRITE EFFECTIVELY AND GIVE THEM A SOLID BASIS FOR HOW WE LEARN, LIVE, AND WORK AS A SOCIETY ACCORDING TO GOSPEL VALUES. HERE AT SAINT JOSEPH'S COLLEGE, WE ARE CREATING NEW ACADEMIC PROGRAMS TO RESPOND TO THE NEEDS OF TODAY'S STUDENTS. WE ARE ALSO CREATING NEW PARTNERSHIPS WITH BUSINESSES, OTHER COLLEGES, AND REGIONAL HIGH SCHOOLS. ALL IN ALL, WE ARE STRIVING TO ENSURE THAT SAINT JOSEPH'S COLLEGE WILL REMAIN THE HIGH-QUALITY CATHOLIC HIGHER EDUCATION INSTITUTION THAT STUDENTS, ALUMNI, PARENTS, AND FRIENDS HAVE KNOWN SINCE 1889. THE COLLEGE SERVES A DIVERSE STUDENT BODY OF APPROXIMATELY 1,000 MEN AND WOMEN OF ALL RACES, CREEDS, AND SOCIO-ECONOMIC BACKGROUNDS. THE COLLEGE STRIVES TO FORM GRADUATES WHO ARE COMPETENT PROFESSIONALS, CAPABLE OF ASSUMING LEADERSHIP ROLES IN THE WORLD, AND WHO WILL EMBODY GOSPEL VALUES IN THEIR PERSONAL LIVES AND PROFESSIONAL CAREERS. 28543666 true true false false false false false false true true false false false true true true false true false false false false false true true false false true true true false false false false false false true false true false true false false false false true true true false false true 1231 0 true 632 true true true false false false false true true false false false false X 35 33 false false false false true false true true true false false false true true true true true true false false IN X Hoa Nguyen 2198666151 US 231 SOUTH Rensselaer IN 47978 BENEDICT J SPONSELLER 1.00 X X 0 0 0 JOHN NICHOLS PHD 40.00 X X 30149 0 22713 STEVE LIGDA 1.00 X X 0 0 0 ANGELO ANTHONY CPPS 1.00 X 0 0 0 BENJAMIN BASILE CPPS 1.00 X 0 0 0 BENJAMIN BERINTI CPPS 1.00 X 0 0 0 BISHOP TIMOTHY DOHERTY 1.00 X 0 0 0 CAROL WOOD 1.00 X 0 0 0 DAVID OWENS 1.00 X 0 0 0 JACK MCCARTHY 1.00 X 0 0 0 JANICE PYRCE 1.00 X 0 0 0 JIM BOLER 1.00 X 0 0 0 JOHN FREIBURGER 1.00 X 0 0 0 JOHN GAUSE 1.00 X 0 0 0 JOHN MORIKIS 1.00 X 0 0 0 JOHN WHELAN 1.00 X 0 0 0 JOSEPH FISHER CPPS 1.00 X 0 0 0 KATHERINE DITTMAN 1.00 X 0 0 0 KRIS SAKELARIS 1.00 X 0 0 0 LARRY HEMMELGARN CPPS 1.00 X 0 0 0 LARRY LAUDICK 1.00 X 0 0 0 LOU OFFER 1.00 X 0 0 0 MARK BEHNKE 1.00 X 0 0 0 MARK PERES CPPS 1.00 X 0 0 0 MARK SEELY 40.00 X 57902 0 11972 MICHAEL EVANS 1.00 X 0 0 0 MICHAEL SCUDDER 1.00 X 0 0 0 MICHAEL VALLONE 1.00 X 0 0 0 MICHAEL VAN EEKEREN 1.00 X 0 0 0 PATRICIA MULCAHY 1.00 X 0 0 0 PATRICK DOWNEY 1.00 X 0 0 0 PAUL MISNIAK 1.00 X 0 0 0 ROBERT CASSEY 1.00 X 0 0 0 STEPHEN RUFF 1.00 X 0 0 0 TODD ROKITA 1.00 X 0 0 0 DANIEL BLANKENSHIP 40.00 X 123980 0 21491 F DENNIS RIEGELNEGG 40.00 X 181509 0 31676 JOHN WADELL 40.00 X 79703 0 27525 LESLIE FRERE 40.00 X 85223 0 6647 MAUREEN VALERY EGAN 40.00 X 96092 0 15087 RANDAL J FREEBOURN 40.00 X 104673 0 28069 SCOTT MAIENBROOK 40.00 X 57191 0 23325 SHERYL MILLER 40.00 X 26227 0 20911 842649 0 209416 3 false true false SODEXO INC AND AFFILIATES 4880 PAYSPHERE CIRCLE CHICAGO IL 60604 FOOD SERVICE 1757088 1 19000 242772 3608691 43804 3870463 TUITION AND FEES 611710 21342186 21342186 DINING HALL & STUDENT CENTER 611710 2930938 2930938 RESIDENCE HALLS 611710 2911720 2730506 181214 0 0 0 0 27184844 669562 669562 0 0 2013539 2013539 0 2013539 40676 1972863 10761968 300 8734556 0 2027412 300 2027712 2027712 129157 19000 34217 94940 94940 15419 2677 12742 12742 810930 760405 50525 50525 FEES AND FINES 900099 59782 59782 SERVICE DEPARTMENT 900099 60932 60932 ATHLETICS 900099 7146 7146 110723 0 0 110723 238583 36162910 27003630 221890 5066927 0 12207020 12207020 0 0 1083752 810825 247491 25436 237751 237751 7882180 5596170 2046789 239221 506307 348674 157633 1839831 1284290 555541 506855 355705 151150 0 20817 20817 108607 108607 0 0 68333 68333 463694 232218 225587 5889 88091 7161 80930 1840168 1066436 675677 98055 15654 200 4755 10699 1814 1814 1332978 339926 993052 232294 166475 57528 8291 0 0 639701 639701 0 1605569 1265771 339798 366330 299370 66181 779 SUMMER CAMPS & STUDENT EXPENSES 2003762 2003762 MEMBERSHIP DUES & SUBSCRIPTIONS 149332 126410 22339 583 PROFESSIONAL DEVELOPMENT & RECRUITING 132606 114427 17279 900 ATHLETICS 117547 117547 1579354 1322013 243720 13621 35030347 28543666 6083207 403474 0 3245 3118 7024922 6589785 7818566 8097088 265892 284661 1660622 1634684 195064 176853 541514 424577 134711655 37907369 71282257 96804286 11417017 11417877 871255 834339 0 0 420272 461757 101500626 126729025 1517075 1480143 1062094 988215 23255000 22955000 215224 223500 4669051 6254972 30718444 31901830 X 8868772 6053340 10979548 13026485 50933862 75747370 70782182 94827195 101500626 126729025 X 1132563 22912450 X false true true X true true X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 20806928 797791 3019284 296161 72449 75879 24179514 17216867 775617 3398891 307449 203656 73342 20806928 14803005 1510378 1682484 546884 126316 105800 17216867 16448155 300209 -1143176 0 802183 0 14803005 0.29900 0.47630 0.22470 false false 73994718 73994718 43534866 22570281 20964585 1863393 1046562 816831 15318678 14290526 1028152 0 96804286 0 FAIR VALUE OF INTEREST RATE SWAP 3760945 ANNUITY CONTRACTS PAYABLE 293972 U.S. GOVERNMENT ADVANCES 1694346 ASSET RETIREMENT OBLIGATIONS 505709 6254972 Intended uses of endowment funds Schedule D, Part V, Line 4 THE PURPOSE OF THE ENDOWMENT FUND IS TO PROVIDE FUNDS TO UNDERWRITE THE EDUCATIONAL NEEDS OF CURRENT AND FUTURE GENERATIONS OF STUDENTS WHILE ENHANCING THE WELL-BEING OF THE COLLEGE. TO SATISFY ITS LONG-TERM RATE OF RETURN OBJECTIVES, THE COLLEGE COMBINES THE GOAL OF TOTAL RETURN AND PRESERVATION OF CAPITAL WITH PRUDENT RISK TOLERANCE IN ORDER TO ALLOW INVESTMENT MANAGERS THE OPPORTUNITY TO ACHIEVE INVESTMENT RESULTS CONSISTENT WITH THE CATHOLIC VALUES OF THE COLLEGE. THE COLLEGE TARGETS A DIVERSIFIED ASSET ALLOCATION IN ORDER TO MANAGE DOWNSIDE VOLATILITY AND RISK WHILE ACHIEVING THE ENDOWMENT'S RETURN OBJECTIVES. FIN 48 (ASC 740) footnote Schedule D, Part X, Line 2 THE COLLEGE HAS RECEIVED A DETERMINATION LETTER FROM THE INTERNAL REVENUE SERVICE INDICATING THAT THE COLLEGE IS A TAX-EXEMPT ORGANIZATION AS PROVIDED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE OF 1986 AND, EXCEPT FOR TAXES PERTAINING TO UNRELATED BUSINESS INCOME, IS EXEMPT FROM FEDERAL AND STATE INCOME TAXES. NO PROVISION HAS BEEN MADE FOR INCOME TAXES IN THE ACCOMPANYING FINANCIAL STATEMENTS, AS THE COLLEGE HAS HAD NO SIGNIFICANT UNRELATED BUSINESS INCOME. U.S. GAAP PRESCRIBES RECOGNITION THRESHOLDS AND MEASUREMENT ATTRIBUTES FOR THE FINANCIAL STATEMENT RECOGNITION AND MEASUREMENT OF A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. TAX BENEFITS WILL BE RECOGNIZED ONLY IF THE TAX POSITION IS MORE-LIKELY-THAN-NOT SUSTAINED IN A TAX EXAMINATION, WITH A TAX EXAMINATION BEING PRESUMED TO OCCUR. THE AMOUNT RECOGNIZED WILL BE THE LARGEST AMOUNT OF TAX BENEFIT THAT IS GREATER THAN 50% LIKELY OF BEING REALIZED ON EXAMINATION. FOR TAX POSITIONS NOT MEETING THE MORE-LIKELY-THAN-NOT TEST, NO TAX BENEFIT WILL BE RECORDED. MANAGEMENT HAS CONCLUDED THAT THEY ARE UNAWARE OF ANY TAX BENEFITS OR LIABILITIES TO BE RECOGNIZED AT JUNE 30, 2012 AND 2011. THE COLLEGE IS NO LONGER SUBJECT TO EXAMINATION BY U.S. FEDERAL TAXING AUTHORITIES FOR FISCAL YEARS BEFORE 2009 AND FOR ALL STATE INCOME TAXES THROUGH FISCAL YEAR 2009. THE COLLEGE DOES NOT EXPECT THE TOTAL AMOUNT OF UNRECOGNIZED TAX BENEFITS TO SIGNIFICANTLY CHANGE IN THE NEXT 12 MONTHS. THE COLLEGE WOULD RECOGNIZE INTEREST AND PENALTIES RELATED TO UNRECOGNIZED TAX BENEFITS IN INTEREST AND INCOME TAX EXPENSE, RESPECTIVELY. THE COLLEGE HAS NO AMOUNTS ACCRUED FOR INTEREST OR PENALTIES AS OF JUNE 30, 2012 AND 2011. true true true true true true true false false false false false false false false true false true Financial aid or assistance from a governmental agency Schedule E, Line 6a THE ORGANIZATION RECEIVES FINANCIAL ASSISTANCE FROM THE DEPARTMENT OF EDUCATION IN THE FORM OF TITLE IV FUNDS: PELL GRANTS, FEDERAL SUPPLEMENTAL EDUCATION OPPORTUNITY GRANTS, PERKINS LOAN FUNDS, DIRECT LOANS, ETC. THE ORGANIZATION ALSO RECEIVES FINANCIAL AID FROM THE STATE STUDENT ASSISTANCE COMMISSION OF INDIANA IN GRANTS SUCH AS: HIGHER EDUCATION AWARDS, FREE OF CHOICE, AND 21ST CENTURY. AID HAS NOT BEEN SUSPENDED OR REVOKED. SCHOLARSHIP DINNER 148157 19000 129157 4565 22800 3800 3052 0 0 148157 19000 129157 0 0 4565 22800 3800 3052 34217 94940 false false 15419 2577 100 true 0.75 15419 2577 0 0 100 2677 12742 IN true false false false 1 0 SHERYL MILLER US 231 SOUTH RENSSELAER IN 47978 false SEE SCHEDULE G PART IV SEE SCHEDULE G PART IV DESCRIPTION OF SERVICES PROVIDED SCHEDULE G, PART III, LINE 16 THE COLLEGE DOES NOT HAVE A SEPARATE GAMING MANAGER. THESE RECORDS ARE HANDLED THROUGH THE BUSINESS OFFICE; THE CONTROLLER MANAGES THE SEGREGATED GAMING FUNDS. true SCHOLARSHIPS AWARDED 782 11951590 0 N/A N/A CAMPUS BASED FEDERAL AID 377 255430 0 N/A N/A Procedures for monitoring use of grant funds Schedule I, Part I, Line 2 GRANTS AT THE COLLEGE ARE LIMITED TO TUITION WAIVERS AND SCHOLARSHIPS. TUITION WAIVERS ARE GRANTED ACCORDING TO TERMS AS SET FORTH IN THE EMPLOYEE HANDBOOK. SCHOLARSHIPS ARE AWARDED IN STUDENT FINANCIAL SERVICES ACCORDING TO GUIDELINES AS PUBLISHED IN THE ACADEMIC CATALOG. FUNDS ARE CREDITED DIRECTLY TO A STUDENT'S ACCOUNT TO ENSURE THE PROPER USE OF FUNDS. X X true true X X X true false false false false false false false false F DENNIS RIEGELNEGG 149833 0 0 0 31676 0 13154 0 18522 0 213185 0 0 0 Housing allowance or residence for personal use Schedule J, Part I, Line 1a THE COLLEGE PROVIDES TRANSITIONAL HOUSING FROM TIME TO TIME FOR CERTAIN PRESIDENT CABINET MEMBERS (FORMALLY KNOWN AS AD STAFF), THUS MAKING THEM "INTERESTED PERSONS." THIS HOUSING IS MEANT TO BE TEMPORARY IN NATURE AND PROVIDE FOR A SMOOTHER TRANSITION OF THAT INDIVIDUAL AND THEIR FAMILY TO THE TOWN OF RENSSELAER AND THEREFORE TO THE COLLEGE COMMUNITY. DURING THE 2011 TAX YEAR, THE COLLEGE HAD BOTH JOHN WADELL (ASSISTANT VICE PRESIDENT OF ENROLLMENT MANAGEMENT) AND DANIEL BLANKENSHIP (VICE PRESIDENT OF ACADEMIC AFFAIRS), ALONG WITH THEIR FAMILIES HOUSED ON CAMPUS. Health or social club dues or initiation fees Schedule J, Part I, Line 1a IN THE PRESIDENT'S CONTRACT, THERE IS A SECTION THAT STATES THAT THE PRESIDENT WILL HAVE DUES PAID TO CERTAIN SOCIAL CLUBS WHICH HE IS REQUIRED TO USE TO CONDUCT NETWORKING EVENTS FOR THE COLLEGE. SINCE THE PAYMENT OF THESE EXPENSES IS ENTIRELY FOR BUSINESS PURPOSES, THE AMOUNTS ARE NOT CONSIDERED TAXABLE INCOME TO THE PRESIDENT. Severance or change-of-control payment Schedule J, Part I, Line 4a THE COLLEGE'S VP FOR BUSINESS AFFAIRS RESIGNED THAT POSITION AS OF DECEMBER 22, 2011. SEVERANCE PAYMENTS FOR CALENDAR YEAR 2011 TOTALED $2,769. IN ADDITION, SIX MONTHS OF REGULAR SALARY WAS PAID IN INSTALLMENTS THROUGH JUNE 30, 2012, AND AN AMOUNT EQUIVALENT (GROSSED UP) TO COBRA INSURANCE PREMIUMS WAS ALSO PAID LUMP SUM IN 2012 AS PART OF THE SEVERANCE AGREEMENT. INDIANA EDUCATIONAL FACILITIES AUTHORITY 521698917 4550482B3 2004-09-16 16300000 TO REFUND 10/13/1999 BOND ISSUE AND FOR IMPROVEMENTS TO EDUCATIONAL FACILITIES false false false INDIANA FINANCE AUTHORITY 351602316 2010-02-05 8000000 TO REFUND 11/1/2007 BOND ISSUE false false false 345000 0 16376154 0 0 0 276435 70740 0 4067151 11961828 0 2006 true false true true 1000000 0 8000950 0 0 0 0 0 0 0 8000950 0 2010 true false true true false false true true false 0.0000 0.0000 0.0000 true false false true true false 0.0000 0.0000 0.0000 true false true true SEE PART V 22.0 false false false 0.0 false true false false false 0.0 false 0.0 false true TOTAL PROCEEDS OF ISSUE PART II, LINE 3 2004 BOND ISSUANCE (COLUMN A): GROSS PROCEEDS - $16,300,000 INVESTMENT EARNINGS ON PROCEEDS - $76,154 2010 BOND ISSUANCE (COLUMN B): GROSS PROCEEDS - $8,000,000 INVESTMENT EARNINGS ON PROCEEDS - $950 NAME OF PROVIDER PART IV, LINE 3A 2004 BOND ISSUANCE (COLUMN A): RBS CITIZENS, N.A. DBA CHARTER ONE Procedures to take corrective action Schedule K, Part V ALTHOUGH THERE IS NO FORMAL WRITTEN POLICY WHICH DICTATES HOW MANAGEMENT IDENTIFIES AND CORRECTS VIOLATIONS OF FEDERAL TAX REQUIREMENTS, IT IS GENERALLY THE COLLEGE'S POLICY TO STAY ABREAST OF FEDERAL REGULATIONS AND TO CONSIDER REPERCUSSIONS OF ALL SIGNIFICANT ACTIVITIES WHICH COULD FORESEEABLY HAVE AN IMPACT ON THE COLLEGE'S TAX-EXEMPT BONDS AND THE ASSOCIATED FEDERAL TAX REGULATIONS. ONCE A VIOLATION IS IDENTIFIED, IT IS THE COLLEGE'S PRACTICE TO CORRECT THAT VIOLATION AS SOON AS POSSIBLE, AS WELL AS TO WORK WITH FEDERAL AUTHORITIES AS NECESSARY TO ENSURE THAT SUFFICIENT CONTROLS ARE IN PLACE WHICH WILL GUARD AGAINST FUTURE VIOLATIONS OF FEDERAL TAX REQUIREMENTS. SEE PART V SEE PART V 28750 SCHOLARSHIP/TUITION WAIVER KAY BLANKENSHIP SPOUSE OF DANIEL BLANKENSHIP (OFFICER) 12993 EMPLOYEE COMPENSATION false JOHN EGAN FATHER OF MAUREEN VALERY EGAN (OFFICER) 60360 EMPLOYEE COMPENSATION false MIKE NICHOLS SON OF JOHN NICHOLS (TRUSTEE) 12518 EMPLOYEE COMPENSATION false TERRA MAIENBROOK SPOUSE OF SCOTT MAIENBROOK (OFFICER) 64655 EMPLOYEE COMPENSATION false PAM BROWN-SEELY SPOUSE OF MARK SEELY (TRUSTEE) 23141 EMPLOYEE COMPENSATION false X 9 43804 MARKET VALUE 0 false true false Explanations of reporting method for number of contributions Schedule M, Part I SECURITIES - PUBLICLY TRADED: ORGANIZATION IS REPORTING THE NUMBER OF CONTRIBUTIONS NOT THE NUMBER OF CONTRIBUTED ITEMS, AS THIS IS VIEWED TO BEST REPRESENT THE NUMBER OF DONATIONS RECEIVED. Number of contributions or items contributed. Schedule M, part I, column (b), Line 9 ORGANIZATION IS REPORTING THE NUMBER OF CONTRIBUTIONS NOT THE NUMBER OF CONTRIBUTED ITEMS, AS THIS IS VIEWED TO BEST REPRESENT THE NUMBER OF DONATIONS RECEIVED. ORGANIZATION'S MISSION (CONTINUED FROM PART III) FORM 990, PART III, LINE 1 THE COLLEGE PLACES EXCEPTIONAL EMPHASIS ON THE EDUCATION OF THE WHOLE PERSON. ITS NATIONALLY KNOWN CORE CURRICULUM COMPLEMENTS UP-TO-DATE CAREER PREPARATION IN THE MAJOR. THESE ACADEMIC PROGRAMS ENRICH AND ARE ENRICHED BY PROGRAMS OF SPIRITUAL DEVELOPMENT, RESIDENCE EDUCATION, AND ATHLETICS. THE COLLEGE SERVES A DIVERSE STUDENT BODY COMPOSED OF MEN AND WOMEN OF ALL RACES, CREEDS, AND SOCIO-ECONOMIC BACKGROUNDS WHO CAN THRIVE ACADEMICALLY, SPIRITUALLY, AND SOCIALLY IN THIS INCLUSIVE COMMUNITY. SAINT JOSEPH'S COLLEGE IS A LIBERAL ARTS COLLEGE STRIVING TO PREPARE MEN AND WOMEN TO LEAD SUCCESSFUL PROFESSIONAL AND PERSONAL LIVES CONSISTENT WITH GOSPEL VALUES. TO FULFILL THIS MISSION, THE COLLEGE PLEDGES: 1. TO FORM GRADUATES WHO ARE COMPETENT PROFESSIONALS, CAPABLE OF ASSUMING LEADERSHIP ROLES IN THE WORLD, WHO WILL EMBODY GOSPEL VALUES IN THEIR PERSONAL LIVES AND PROFESSIONAL CAREERS. 2. TO CONDUCT THE CORE CURRICULUM AND, THROUGH IT, ALL COLLEGE PROGRAMS WITHIN THE CONCEPTUAL FRAMEWORK AND VALUE COMMITMENTS OF "CHRISTIAN HUMANISM" THAT STEM FROM OUR JUDEO-CHRISTIAN AND GRAECO-ROMAN TRADITIONS AND FROM OUR VATICAN II INSPIRATION. 3. TO GIVE WITNESS IN A SPECIAL WAY, IN ALL ASPECTS OF CAMPUS LIFE, ACADEMICALLY AND EXISTENTIALLY, TO THE CHRISTIAN HUMANIST VALUES OF JUSTICE AND LOVE AND ITS COMMITMENT TO HUMAN SOLIDARITY AND INTERDEPENDENCE ON NATIONAL AND GLOBAL LEVELS. 4. TO ADD TO THE EMPHASIS TO EDUCATE THE WHOLE STUDENT -- INTELLECTUALLY, PHYSICALLY, SOCIALLY, AND SPIRITUALLY -- AN ABIDING CONCERN TO PROVIDE PERSONALIZED AND INDIVIDUALIZED CARE. 5. TO STEWARD ALL THE RESOURCES OF THE COLLEGE IN TRUTH, IN LOVING JUSTICE, AND WITH CONCERN FOR THE NEEDS OF THE INDIVIDUAL. 6. TO EXTEND PERSONAL AND PROFESSIONAL SERVICES AS CHURCH AND PUBLIC NEEDS MAY REQUIRE. Delegate broad authority to a committee Form 990, Part VI, Section A, Line 1a THE EXECUTIVE COMMITTEE SHALL CONSIST OF THE FOLLOWING: - THE CHAIR OF THE BOARD - THE VICE CHAIR OF THE BOARD - THE PROVINCIAL DIRECTOR OR HIS DESIGNEE - THE PRESIDENT - THE CHAIRS OF THE SATNDING COMMITTEES - SUCH OTHER MEMBERS OF THE BOARD AS MAY BE DESIGNATED BY THE CHAIR THE EXECUTIVE COMMITTEE SHALL ACT FOR THE BOARD IN THE INTERVALS BETWEEN MEETINGS OF THE BOARD OF TRUSTEES. THE EXECUTIVE COMMITTEE SHALL MEET ONLY AT THE DISCRETION OF THE CHAIR. THE EXECUTIVE COMMITTEE MAY EXERCISE ALL THE POWER AND AUTHORITY OF THE BOARD OF TRUSTEES, BUT SHALL NOT HAVE THE POWER TO ELECT OR REMOVE ANY OFFICER OR APPROVE THE BUDGET, AND SHALL REPORT TO THE BOARD AT ITS NEXT MEETING. Classes of members or stockholders Form 990, Part VI, Section A, Line 6 THE ORGANIZATION'S MEMBERS ARE THOSE PERSONS HOLDING THE OFFICES OF THE PROVINCIAL DIRECTOR AND THOSE SERVING ON THE PROVINCIAL COUNCIL OF THE SOCIETY OF THE PRECIOUS BLOOD (C.PP.S.), CINCINNATI PROVINCE, A ROMAN CATHOLIC SOCIETY OF APOSTOLIC LIFE. Decisions requiring approval by members or stockholders Form 990, Part VI, Section A, Line 7b THE FOLLOWING POWERS ARE RESERVED TO THE MEMBERS: A. TO ADOPT THE AMENDMENT, ALTERATION, MODIFICATION, OR REPEAL OF THE ARTICLES OF INCORPORATION AS PROPOSED BY THE BOARD OF TRUSTEES; B. TO ADOPT THE AMENDMENT, ALTERATION, MODIFICATION, OR REPEAL OF THE BYLAWS OF THE CORPORATION AS PROPOSED BY THE BOARD OF TRUSTEES; C. TO DISSOLVE OR TERMINATE THE EXISTENCE OF THE CORPORATION AND TO DETERMINE THE DISTRIBUTION OF ASSETS UPON SUCH TERMINATION OR DISSOLUTION AS PROPOSED BY THE BOARD OF TRUSTEES; D. TO MERGE, CONSOLIDATE, OR AFFILIATE THE CORPORATION WITH ANOTHER CORPORATION, ORGANIZATION, OR PROGRAM AS PROPOSED BY THE BOARD OF TRUSTEES; E. TO APPROVE THE MISSION STATEMENT OF THE COLLEGE OR ANY CHANGE TO THE MISSION STATEMENT AS PROPOSED BY THE BOARD OF TRUSTEES. THE MEMBERS ALSO HAVE THE RIGHT TO PROHIBIT ANY ORGANIZATION OR POLICY AT THE COLLEGE THAT ARE INCONSISTENT WITH THE CATHOLIC IDENTITY OF THE COLLEGE. Review of form 990 by governing body Form 990, Part VI, Section B, Line 11b THE FORM 990 IS REVIEWED IN DETAIL BY MANAGEMENT. A FINAL DRAFT OF THE FULL FORM 990, INCLUDING ALL APPLICABLE SCHEDULES, IS PROVIDED TO EACH MEMBER OF THE FINANCE COMMITTEE FOR THEIR REVIEW. THEN A COPY OF THE FORM 990, EXCLUDING SCHEDULE B, IS PRESENTED BY OUR TAX ADVISORS TO EACH MEMBER OF THE GOVERNING BODY AT A BOARD MEETING PRIOR TO ITS FILING WITH THE IRS. SCHEDULE B IS MADE AVAILABLE TO EACH MEMBER OF THE GOVERNING BODY UPON THEIR REQUEST. Conflict of interest policy Form 990, Part VI, Section B, Line 12c ANNUAL DISCLOSURE IS PROVIDED TO EACH OFFICER AND BOARD MEMBER. EACH PERSON COMPLETES AN ANNUAL CONFLICT OF INTEREST QUESTIONNAIRE. ONCE THE QUESTIONNAIRES ARE COMPLETED, THE PRESIDENT'S ASSISTANT REVIEWS THE RESPONSES AND DETERMINES WHETHER OR NOT THERE ARE ANY POTENTIAL CONFLICTS OF INTEREST. IF THERE IS A POTENTIAL CONFLICT OF INTEREST, THE PRESIDENT, TREASURER, AND CONTROLLER REVIEW THE CORRESPONDING ISSUE AND DETERMINE IF THERE IS AN ACTUAL CONFLICT OF INTEREST. IF AN ACTUAL CONFLICT OF INTEREST IS DETERMINED TO EXIST, THAT PERSON IS EXCLUDED FROM ANY DISCUSSIONS CONCERNING THE CONFLICTING ISSUE AND IS NOT PERMITTED TO VOTE ON ANY DECISIONS REGARDING THE CONFLICTING ISSUE. ANY PURCHASES AND/OR BUDDING PROPOSALS ARE ALSO REVIEWED FOR ANY POTENTIAL CONFLICTS OF INTEREST PRIOR TO SUBMITTING BIDS OR MAKING PURCHASES. THE CONTROLLER ATTENDS THE BOARD MEETINGS TO ENSURE THAT COMPLIANCE WITH THESE GUIDELINES IS FOLLOWED. Process used to establish compensation of top management official Form 990, Part VI, Section B, Line 15a THE ORGANIZATION HIRED A NEW PRESIDENT ON JULY 1, 2009. IN ORDER TO DETERMINE THE APPROPRIATE LEVEL OF COMPENSATION, THE NEW PRESIDENT'S COMPENSATION WAS COMPARED TO A 31-SCHOOL COMPARISON GROUP AT AN EXECUTIVE SESSION OF THE BOARD OF DIRECTORS IN OCTOBER 2010; HIS SALARY WAS ADJUSTED RETROACTIVELY TO JULY 1, 2009 AT THIS TIME. THIS PROCESS WAS DOCUMENTED IN THE EXECUTIVE COMMITTEE MEETING MINUTES. THIS PROCESS WAS REPEATED DURING THE OCTOBER 2011 BOARD MEETING, WITH CHANGES TO TAKE EFFECT IN SEPTEMBER OF 2011. DURING THE OCTOBER 2012 BOARD MEETING, THE DECISION WAS MADE TO IMPLEMENT NO COMPENSATION INCREASES, AND AS SUCH, NO SALARY COMPARISON WAS PERFORMED. PROCESS USED TO ESTABLISH COMPENSATION OF OTHER OFFICERS FORM 990, PART VI, LINE 15B THE ORGANIZATION'S ADMINISTRATIVE STAFF, WHICH INCLUDES THE PRESIDENT, VP OF ACADEMIC AFFAIRS, VP OF BUSINESS AFFAIRS, VP OF INSTITUTIONAL ADVANCEMENT, AND DEAN OF STUDENTS, USES A 31-SCHOOL COMPARISON GROUP TO REVIEW AND APPROVE THE COMPENSATION FOR ALL OTHER COLLEGE EMPLOYEES, INCLUDING OTHER OFFICERS. DURING OCTOBER 2011, THE BOARD OF DIRECTORS APPROVED A 2% WAGE INCREASE FOR ALL EMPLOYEES AS PART OF THE ANNUAL OPERATING BUDGET. Governing documents, conflict of interest policy and financial statements available to the public Form 990, Part VI, Section C, Line 19 GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICIES, AND FINANCIAL STATEMENTS ARE NOT REQUIRED DISCLOSURES PURSUANT TO INTERNAL REVENUE CODE (IRC) SECTION 6104. THESE DOCUMENTS ARE NOT AVAILABLE TO THE PUBLIC AT THIS TIME. Other changes in net assets or fund balances Form 990, Part XI, Line 5 NET UNREALIZED GAINS (LOSSES) ON INVESTMENTS - 452937; UNREALIZED GAIN ON PERMANENTLY RESTRICTED FARM LAND HELD AS INVESTMENT - 24047245; UNREALIZED LOSS ON INTEREST RATE SWAP - -1587732; CHARITABLE REMAINDER UNITRUST (1) TRUST IN SAINT JOSEPH'S COLLEGE TRUST false false false false false false false false false false false false false false false false false true