2013-05-15T16:44:08-05:00 2012-06-30 381357951 PLANTE & MORAN PLLC 750 TRADE CENTRE WAY STE 300 PORTAGE MI 49002 990 2011-07-01 381367080 AQUINAS COLLEGE AQUI 6166328900 1607 ROBINSON ROAD SE GRAND RAPIDS MI 495061741 STEPHEN J WONCH 6166322885 2013-05-15 1 VICKI L VANDENBERG CPA P00100422 2695674500 2011 2016-02-24 21:20:13Z STEPHEN J WONCH 1607 ROBINSON ROAD SE GRAND RAPIDS MI 495061741 103387930 0 X WWW.AQUINAS.EDU X 1892 MI EDUCATION 15 15 1243 0 171055 -45547 6870489 12585946 47674804 49523851 1634680 3294030 357588 420926 56537561 65824753 20980720 21599162 0 0 19108931 20140539 0 0 1479133 15068768 15731719 55158419 57471420 1379142 8353333 76576573 82815265 26972793 30941742 49603780 51873523 X AQUINAS COLLEGE, AN INCLUSIVE EDUCATIONAL COMMUNITY ROOTED IN THE CATHOLIC DOMINICAN TRADITION, PROVIDES A LIBERAL ARTS EDUCATION WITH A GLOBAL PERSPECTIVE, EMPHASIZES CAREER PREPARATION FOCUSED ON LEADERSHIP AND SERVICE TO OTHERS, AND FOSTERS A COMMITMENT TO LIFELONG LEARNING DEDICATED TO THE PURSUIT OF TRUTH AND THE COMMON GOOD. 0 0 42362764 21599162 49523851 AQUINAS COLLEGE SERVES 1,908 UNDERGRADUATE AND 237 GRADUATE STUDENTS. AQUINAS STRIVES TO PROVIDE STUDENTS WITH A LIBERAL ARTS EDUCATION WITHIN A CATHOLIC CHRISTIAN CONTEXT. 42362764 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 0 1 1 1 1 0 1 0 1 0 0 0 1 0 1 0 0 0 0 0 0 0 1 0 1 1 0 0 0 0 1 1 1 0 0 1 3021 0 1 1243 1 1 1 1 EI 0 0 0 1 1 0 0 0 0 X 15 15 0 0 0 0 0 0 0 1 1 0 0 1 1 1 0 0 0 1 1 0 X STEPHEN J WONCH VP 6166322885 1607 ROBINSON ROAD SE GRAND RAPIDS MI 495061741 X DCN DENNIS M WILLIAMS 0.60 X 0 0 0 DEBRA BAILEY 0.60 X 0 0 0 DENNIS ECHELBARGER 0.60 X 0 0 0 DR DONALD BURNS 0.60 X X 0 0 0 LGEN RET JOHN NOWAK 0.60 X X 0 0 0 MATT WEY 0.60 X 0 0 0 MICHAEL A LOWN 0.60 X X 0 0 0 REV MARK PRZYBYSZ 0.60 X 0 0 0 RICHARD DURELL 0.60 X 0 0 0 ROBERT C WOODHOUSE JR 0.60 X 0 0 0 SR MARY KAY OOSDYKE OP 0.60 X 0 0 0 SR MAUREEN GEARY OP 0.60 X 0 0 0 SR NATHALIE MEYER OP 0.60 X X 0 0 0 THOMAS W CZERNEY 0.60 X 0 0 0 BGEN RET JAMES BRUNSON 0.60 X 0 0 0 GREGORY ALKSNIS 0.60 X 0 0 0 EDWARD B CARLSON 0.60 X 0 0 0 SR BARBARA DANNHAUSEN OP 0.60 X 0 0 0 MSGR WILLIAM DUNCAN 0.60 X 0 0 0 KATHRYN HYER 0.60 X 0 0 0 JOSEPH PARINI 0.60 X 0 0 0 RICHARD PEDDICORD 0.60 X 0 0 0 MICHAEL P SMITH 0.60 X 0 0 0 MICHAEL VANGESSEL 0.60 X 0 0 0 MICHAEL ZAGAROLI 0.60 X 0 0 0 PATRICK MILES JR 0.60 X 0 0 0 KAREN PALMORE 0.60 X 0 0 0 CHARLES D GUNNOE JR 40.00 X 101117 0 22211 GREGORY W MCALEENAN 40.00 X 101082 0 22877 JUAN R OLIVAREZ 40.00 X 108740 0 7054 PAULA T MEEHAN 40.00 X 93169 0 18384 STEPHEN J WONCH 40.00 X 94259 0 21884 GREGORY W MEYER 40.00 X 104178 0 19045 602545 0 111455 4 0 0 0 CREATIVE DINING SERVICES ONE ROYAL PART DRIVE ZEALAND MI 49464 FOOD SERVICES 1941057 ROCKFORD CONSTRUCTION 5540 GLENWOOD HLS PKWY GRAND RAPIDS MI 49512 CONSTRUCTION 735509 GRAND RAPIDS DOMINICANS 2025 FULTON STREET EAST GRAND RAPIDS MI 49503 LEASED EMPLOYEES 352106 D&D PRINTING 342 MARKET AVE SW 1 GRAND RAPIDS MI 49503 PRINTING 323044 RUFFALO CODY & ASSOCIATES 65 KIRKWOOD NORTH ROAD SW CEDAR RAPIDS IA 52404 RECRUITING 208112 9 361450 3258796 8965700 174783 12585946 TUITION AND FEES 611310 43418862 43418862 AUXILIARY SERVICES 611710 6104989 6104989 49523851 860897 860897 116674 0 116674 116674 116674 39841391 37408258 2433133 2433133 2433133 35143 361450 154919 -119776 -119776 OTHER REVENUE 900099 412028 54381 357647 CONTRACT SERVICES 900099 12000 12000 424028 65824753 49523851 171055 3543901 21556162 21556162 43000 43000 719301 242483 350523 126295 14670230 11202861 2755758 711611 3710647 2273445 1262840 174362 1040361 768521 213408 58432 87415 87415 56147 56147 276293 276293 549114 296377 233898 18839 198733 198733 818881 560976 201001 56904 537937 9697 527141 1099 3210143 516846 2693297 1022585 831167 49220 142198 962429 962429 2436979 2436979 230869 48081 182788 BOARD PLAN 1378040 1378040 TUITION REMISSION 946214 946214 SUPPLIES 772133 537952 141482 92699 ATHLETICS 728416 728416 1519391 1368740 53957 96694 57471420 42362764 13629523 1479133 0 224169 4499934 4128273 1283604 4225402 96150 549039 75847644 34143204 39966684 41704440 23930278 30878637 6258120 575695 541803 529610 76576573 82815265 4499289 4658194 275998 370722 16715000 16090000 2666500 5100215 2816006 4722611 26972793 30941742 X 18608115 17824336 13623287 15588708 17372378 18460479 49603780 51873523 76576573 82815265 X 8353333 -6083590 X X 0 1 1 X 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 32151003 1613075 -285628 436796 11677714 134353 21229587 27422159 611810 4995455 495807 230110 152503 32151003 23399135 1919409 2468940 153654 57421 154250 27422159 26978214 384165 -3586844 178078 47294 151028 23399135 0.05400 0.85640 0.08970 1 0 2341678 2341678 43105492 18160061 24945431 17050153 5639471 11410682 8965799 7531640 1434159 4384522 2812032 1572490 41704440 ACCRUED INTEREST 67396 OBILIGATONS UNDER SPLIT INTERST AGREEMENT 230429 STUDENT AND OTHER DEPOSITS 151000 REFUNDABLE PERKINS LOAN ADVANCES 94896 FUNDS HELD IN TRUST FOR OTHERS 115233 DERIVATIVE LIABILITY 2913877 OTHER 393591 CAPITALIZED LEASE OBLIGATION 756189 4722611 65824753 57471420 8353333 -3345182 -2738408 -6083590 2269743 39299751 -3345182 44007 -2361423 -5662598 44962349 276293 20586111 20862404 65824753 36450002 44007 810030 854037 35595965 276293 21599162 21875455 57471420 DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: THE INTERNAL REVENUE SERVICE HAS RULED THAT THE COLLEGE HAS BEEN RECOGNIZED AS AN ORGANIZATION IN INTERNAL REVENUE CODE (IRC) SECTION 501C(3) AND SECTION 509(A) AS A PUBLIC CHARITY EXEMPT FROM INCOME TAXES UNDER IRC SECTION 501(A). ACCORDINGLY NO PROVISION FOR FEDERAL INCOME TAXES HAS BEEN MADE IN THE CONSOLIDATED FINANCIAL STATEMENTS. ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRE MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN BY THE ORGANIZATION AND RECOGNIZE A TAX LIABILITY IF THE ORGANIZATION HAS TAKEN AN UNCERTAIN POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UP EXAMINATION BY THE IRS OR OTHER APPLICABLE TAXING AUTHORITIES. MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY THE ORGANIZATION, AND HAS CONCLUDED THAT AS OF JUNE 30, 2012, AND 2011, THERE ARE NO UNCERTAIN POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY OR DISCLOSURE IN THE FINANCIAL STATEMENTS. THE ORGANIZATION IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS. MANAGEMENT BELIEVES IT IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS FOR YEARS PRIOR TO JUNE 30, 2009. PART XI, LINE 8 - OTHER ADJUSTMENTS: INCREASE IN CASH VALUE OF LIFE INSURANCE -5,914. CHANGE IN INTEREST RATE SWAP -1,340,261. CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS -1,015,248. PENSION LIABILITY ADJUSTMENT -376,985. TOTAL TO SCHEDULE D, PART XI, LINE 8: -2,738,408. PART XII, LINE 2D - OTHER ADJUSTMENTS: CASH VALUE OF LIFE INSURANCE -5,914. CHANGE IN INTEREST RATE SWAP -1,340,261. CHANGE IN VALUE OF SWAP INTEREST AGREEMENT -1,015,248. PART XII, LINE 4B - OTHER ADJUSTMENTS: CONSOLIDATED ORGANIZATION REVENUES -858,132. TUITION DISCOUNT 21,599,162. FUNDRAISING EXPENSE -154,919. PART XIII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSE 154,919. CONSOLIDATED ORGANIZATIONS EXPENSES 655,111. PART XIII, LINE 4B - OTHER ADJUSTMENTS: TUITION DISCOUNT 21,599,162. 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 MISSION, PROCLAMATION ON DIVERSITY PUBLISHED IN THE CATLOG, RECRUITMENT MATERIALS, ADMISSIONS MATERIALS AND WEBSITE. EXPLANATION OF GOVERNMENT FINANCIAL ASSISTANCE SCHEDULE E, PART I, LINE 6 AQUINAS COLLEGE PROVIDES STUDENTS WITH APPLICABLE FEDERAL TITLE IV STUDENT ASSISTANCE PROGRAMS AND THAT OF MICHIGAN GRANTS AND SCHOLARSHIPS. 1 EUROPE (INCLUDING ICELAND & GREENLAND) - 0 0 PROGRAM SERVICES STUDENT STUDY ABROAD PROGRAMS 343867 EAST ASIA AND THE PACIFIC 0 0 PROGRAM SERVICES STUDENT STUDY ABROAD PROGRAMS 15202 CENTRAL AMERICA AND THE CARIBBEAN 0 0 PROGRAM SERVICES STUDENT STUDY ABROAD PROGRAMS 190824 SUB-SAHARAN AFRICA 0 0 PROGRAM SERVICES STUDENT STUDY ABROAD PROGRAMS 26035 0 0 0 0 0 0 575928 0 575928 SCHOLARSHIP SOUTH AMERICA 2 33000 SCHOLARSHIP VIETNAM 1 10000 0 0 0 0 0 0 PROCEDURE FOR MONITORING GRANTS OUTSIDE THE U.S.: SCHEDULE F, PART I, LINE 2: ALL ACTIVITY, INCLUDING CORRESPONDENCE, IS MAINTAINED AND SUMMARIZED REFLECTION AWARD 160155 150155 10000 25369 19033 GOLF OUTING 101323 82680 18643 28171 3698 16297 2 135115 128615 6500 30336 32015 396593 361450 35143 28171 59403 67345 154919 -119776 1 SCHOLARSHIPS 1908 21556162 0 PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, PART I, LINE 2: STUDENTS RECEIVE SCHOLARSHIPS AS CREDITS AGAINST TUITION. THESE SCHOLARSHIPS CAN BE BASED ON NEED AND/OR ON ACADEMIC PERFORMANCE. MI HIGHER EDUCATION FACILITIES AUTHORITY 521285150 594519N30 2008-02-05 16325000 DEBT REFINANCING AND CAPITAL IMPROVEMENTS/ADDITIONS 0 0 0 16412871 10213342 188051 6011477 2010 1 0 1 1 0 0 0 0 1 0 1 1 0 0 0 0 0 ROCKFORD CONSTRUCTION MICHAEL VANGESSEL, FORMER AQUINAS TRUSTEE AND FOUNDER OF ROCKFORD CONSTRUCT 735509 CONSTRUCTION CONTRACT 0 GRAND RAPIDS DOMINICAN SISTERS SR.'S MEYER AND GEARY, AQUINAS TRUSTEES AND MEMBERS OF THE ORGANIZATION 352106 SR. NATHALIE MEYER AND SR. MAUREEN GEARY ARE LEASED EMPLOYEES BY AQUINAS COLLEGE. 0 X 2 610 FAIR MARKET VALUE X 619 FAIR MARKET VALUE X 12 76056 FAIR MARKET VALUE X EQUIPMENT, FOOD, & LODGING 8 97498 FAIR MARKET VALUE 0 0 0 FORM 990, PART VI, SECTION B, LINE 11 THE FORM 990 WORKBOOK IS PREPARED BY THE BUSINESS OFFICE STAFF, INCLUDING THE ASSISTANT CONTROLLER AND CONTROLLER. THE REVIEW PROCESS STARTS WITH THE VP FOR FINANCE, THEN, THE ACCOUNTING FIRM WHO PERFORMED THE YEAR-END AUDIT, FOLLOWED BY THE BOARD OF TRUSTEES & TREASURER. THE TREASURER MAKES THE 990 AVAILABLE TO MEMBERS OF THE BUSINESS & FINANCE COMMITTEE OF THE BOARD, WHO ARE RESPONSIBLE FOR OVERSIGHT OF COLLEGE FINANCES. FORM 990, PART VI, SECTION B, LINE 12 THE ASSISTANT TO THE PRESIDENT ANNUALLY DELIVERS AND COLLECTS THE CONFLICT OF INTEREST STATEMENTS FROM ALL ACTIVE BOARD OF TRUSTEE MEMBERS WHICH ARE THEN MADE AVAILABLE FOR REVIEW BY THE EXECUTIVE COMMITTEE OF THE BOARD. IF A CONFLICT ARISES, THERE IS A MEETING WITH THE INDIVIDUAL WITH WHOM THE CONFLICT EXISTS. IF THE CONFLICT IS NOT ELIMINATED, THE INDIVIDUAL IS REMOVED FROM THEIR ROLE. FORM 990, PART VI, SECTION B, LINE 15 THE FULL BOARD OF TRUSTEES ANNUALLY REVIEWS AND APPROVES THE COMPENSATION PACKAGE FOR THE PRESIDENT BASED ON NUMEROUS FACTORS INCLUDING PERFORMANCE AND COMPARABILITY DATA. THROUGH THE ANNUAL REVIEW AND APPROVAL PROCESS OF THE BUDGET, THE BUSINESS AND FINANCE COMMITTEE OF THE BOARD APPROVES STAFF COMPENSATION. THIS PROCESS WAS MOST RECENTLY UNDERTAKEN IN 2012. FORM 990, PART VI, SECTION C, LINE 19 ALL DOCUMENTS OPEN TO PUBLIC INSPECTION ARE MADE AVAILABLE UPON REQUEST. FORM 990, PART VII: PAULA MEEHAN WORKED AN AVERAGE OF AT LEAST 5 HOURS PER WEEK AT A RELATED ORGANIZATION. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED LOSSES ON INVESTMENTS: -3,345,182. INCREASE IN CASH VALUE OF LIFE INSURANCE -5,914. CHANGE IN INTEREST RATE SWAP -1,340,261. CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS -1,015,248. PENSION LIABILITY ADJUSTMENT -376,985. TOTAL TO FORM 990, PART XI, LINE 5: -6,083,590. FORM 990, PART XII, LINE 2C: NO CHANGE IN PROCESS FROM PRIOR YEAR. CONDUCTIVE EDUCATION AND REHABILITATION CENTER 1607 ROBINSON RD SE GRAND RAPIDS MI 49506 383601587 PROVIDE EDUCATION, TRAINING AND DEVELOPMENT FOR PEOPLE WITH MOTOR DISORDERS MI 501(C)(3) LINE 2 AQUINAS COLLEGE 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 CONDUCTIVE EDUCATION AND REHABILITATION CENTER OF MICHIGAN P 390208 ACTUAL