2013-03-11T11:20:04-05:00 2012-06-30 232932984 PARENTEBEARD LLC 1650 MARKET STREET SUITE 4500 PHILADELPHIA PA 19103 990 2011-07-01 240795406 MISERICORDIA UNIVERSITY MISE 5706746400 301 LAKE STREET DALLAS PA 186121090 ERIC NELSON 5706746400 2013-03-08 1 JULIUS GREEN CPA P00350393 2159720701 2011 2016-02-25 16:41:14Z MICHAEL A MACDOWELL 301 LAKE STREET DALLAS PA 186121090 92353150 0 0928 X WWW.MISERICORDIA.EDU X 1924 PA TO PROVIDE HIGHER EDUCATION SERVICES. 34 31 1477 32 270284 -23317 5718303 6549801 60003377 64812802 1140889 276131 541683 491370 67404252 72130104 16426339 17387401 0 0 27071973 30332644 0 0 1213810 17835475 16541813 61333787 64261858 6070465 7868246 106021012 124041019 32956567 47963086 73064445 76077933 X MISERICORDIA UNIVERSITY, A CO-EDUCATIONAL CATHOLIC UNIVERSITY SPONSORED BY THE INSTITUTE OF THE SISTERS OF MERCY OF THE AMERICAS, IS COMMITTED TO PROVIDING QUALITY EDUCATION TO ITS STUDENTS AND TO SHAPING ITS EDUCATIONAL PROGRAMS AND POLICIES TO EXPRESS THE FOUNDING SISTERS' VALUES AND ATTITUDES OF MERCY, SERVICE, JUSTICE, AND HOSPITALITY. THE UNIVERSITY WELCOMES INDIVIDUALS OF ALL FAITHS. 0 0 55935439 17387401 64100947 MISERICORDIA UNIVERSITY IS A CATHOLIC, LIBERAL ARTS-BASED, CO-EDUCATIONAL UNIVERSITY FOUNDED IN 1924 AND IT IS SPONSORED BY THE RELIGIOUS SISTERS OF MERCY. THE ACADEMIC DEVELOPMENT OF EACH STUDENT AT THE UNDERGRADUATE LEVEL IS ENSURED BY THE UNIVERSITY'S COMMITMENT TO PROVIDE A LEARNING EXPERIENCE WHICH CULTIVATES HIGHER-ORDER THINKING SKILLS THROUGH THE INTEGRATION OF LIBERAL ARTS AND PROFESSIONAL STUDIES. TO EMPHASIZE ACADEMIC EXCELLENCE AND TO DEVELOP CRITICAL THINKING, ALL UNDERGRADUATE CURRICULA PROVIDE A COMMON LIBERAL ARTS BASE, THE OBJECTIVES OF WHICH ARE FURTHER DEVELOPED IN THE STUDENTS' MAJOR AREAS OF STUDY. THE STUDENTS' EDUCATIONAL PROGRAMS PREPARE THEM FOR PRODUCTIVE CAREERS AND CONTINUED PERSONAL AND PROFESSIONAL GROWTH.GRADUATE PROGRAMS AT MISERICORDIA UNIVERSITY EMPHASIZE INTELLECTUAL DISCOURSE AND FOCUSED ACADEMIC GROWTH. THE CORNERSTONE OF EACH PROGRAM IS INSTRUCTION AND PRACTICE IN METHODS OF CRITICAL THINKING WHICH PROMOTE RESEARCH AND ENHANCED PROFESSIONAL EXPERTISE. AS PART OF ITS COMPREHENSIVE EDUCATIONAL PROGRAM, THE UNIVERSITY IS COMMITTED TO PROVIDING A WIDE RANGE OF SPIRITUAL, PHYSICAL, RECREATIONAL, SOCIAL, AND CULTURAL ACTIVITIES IN WHICH ALL MEMBERS OF THE UNIVERSITY COMMUNITY CAN PARTICIPATE. MISERICORDIA UNIVERSITY FOSTERS A COOPERATIVE ENVIRONMENT IN WHICH STUDENTS, FACULTY, AND STAFF DEMONSTRATE PERSONAL CONCERN FOR EACH INDIVIDUAL AS A VALUED MEMBER OF THE UNIVERSITY COMMUNITY.THE UNIVERSITY OFFERS UNDERGRADUATE AND GRADUATE PROGRAMS TO RESIDENT AND COMMUTER STUDENTS WHO CAN CHOOSE FROM MAJORS IN THREE DISTINCT ACADEMIC COLLEGES. THE COLLEGE OF ARTS AND SCIENCES OFFERS MAJOR DEGREE PROGRAMS IN BIOCHEMISTRY, BIOLOGY, CHEMISTRY, CLINICAL LABORATORY SCIENCE, MEDICAL SCIENCE, COMMUNICATIONS, COMPUTER SCIENCE, ENGLISH, HISTORY, INTERDISCIPLINARY STUDIES, MATHEMATICS, PHILOSOPHY, AND GOVERNMENT, LAW AND NATIONAL SECURITY AS WELL AS A NUMBER OF MINOR DEGREE PROGRAMS. CERTIFICATION PROGRAMS INCLUDE SECONDARY EDUCATION (BIOLOGY, CHEMISTRY, ENGLISH, HISTORY, MATHEMATICS). SPECIALIZATIONS IN PRE-DENTISTRY, PRE-LAW, PRE-MEDICINE, PRE-OPTOMETRY AND PRE-VETERINARY MEDICINE ARE ALSO AVAILABLE.THE COLLEGE OF HEALTH SCIENCES OFFERS MAJOR DEGREE PROGRAMS IN HEALTH SCIENCE, NURSING, MEDICAL IMAGING, OCCUPATIONAL THERAPY, DIAGNOSTIC MEDICAL SONOGRAPHY, PHYSICAL THERAPY AND SPEECH-LANGUAGE PATHOLOGY AS WELL AS A NUMBER OF MINOR DEGREE PROGRAMS. CERTIFICATION PROGRAMS ARE AVAILABLE IN DIAGNOSTIC MEDICAL SONOGRAPHY, POST-MASTERS FAMILY NURSE PRACTITIONER, HEALTH CARE INFORMATICS, POST-MASTER NURSING EDUCATION, NUCLEAR MEDICINE, PEDIATRICS, AND TEACHER CERTIFICATION IN SPEECH AND LANGUAGE DISABILITIES. SPECIALIZATIONS IN MANAGEMENT, NUCLEAR MEDICINE, NURSING-FAMILY NURSE PRACTITIONER, AND CNS NURSING EDUCATION. THE COLLEGE OF HEALTH SCIENCES OFFERS ENTRY LEVEL PROFESSIONAL MASTER OF SCIENCE DEGREES IN OCCUPATIONAL THERAPY, PHYSICAL THERAPY AND SPEECH-LANGUAGE PATHOLOGY; A POST-PROFESSIONAL MASTER OF SCIENCE DEGREE IN NURSING AND OCCUPATIONAL THERAPY AND A POST PROFESSIONAL DOCTOR OF PHYSICAL THERAPY DEGREE AND OCCUPATIONAL THERAPY DEGREE.THE COLLEGE OF PROFESSIONAL STUDIES AND SOCIAL SCIENCES OFFERS MAJOR DEGREE PROGRAMS IN ACCOUNTING, APPLIED BEHAVIORAL SCIENCES, BUSINESS ADMINISTRATION, EDUCATION, ELEMENTARY EDUCATION, HEALTH CARE MANAGEMENT, INFORMATION TECHNOLOGY, MANAGEMENT, MARKETING, PROFESSIONAL STUDIES, PSYCHOLOGY, SOCIAL WORK, SPORTS MANAGEMENT ALONG WITH A NUMBER OF MINOR DEGREE PROGRAMS. CERTIFICATION PROGRAMS INCLUDE ADDICTIONS COUNSELING, CHILD WELFARE SERVICES, EARLY CHILDHOOD EDUCATION, ELEMENTARY EDUCATION, GERONTOLOGY, GERIATRIC CARE MANAGEMENT, HEALTH CARE MANAGEMENT, SECONDARY EDUCATION, AND SPECIAL EDUCATION. SPECIALIZATIONS IN ACCOUNTING, ADDICTIONS COUNSELING, CHILD WELFARE SERVICES, ELEMENTARY EDUCATION, GERONTOLOGY, HEALTH CARE INFORMATICS, HEALTH CARE MANAGEMENT, HEALTH CARE MARKETING, HUMAN RESOURCE MANAGEMENT, INFORMATION TECHNOLOGY MANAGEMENT, OPERATIONS AND SUPPLY CHAIN MANAGEMENT, IT SECURITY, MANAGEMENT, SPORTS MANAGEMENT, SPECIAL EDUCATION, SELECTED SEQUENCE AND SUPERVISION OF INSTRUCTION AND CURRICULUM. THE COLLEGE OF PROFESSIONAL STUDIES AND SOCIAL SCIENCES OFFERS MASTER OF SCIENCE DEGREES IN ORGANIZATIONAL MANAGEMENT, BUSINESS ADMINISTRATION, EDUCATION, ACCOUNTING, AND EDUCATIONAL TECHNOLOGY.THE UNIVERSITY IS REGIONALLY ACCREDITED BY THE MIDDLE STATES COMMISSION ON HIGHER EDUCATION. OTHER ACCREDITING AGENCIES RECOGNIZING THE UNIVERSITY INCLUDE THE ACCREDITATION COUNCIL FOR OCCUPATIONAL THERAPY EDUCATION, AMERICAN SPEECH-LANGUAGE-HEARING ASSOCIATION, COMMISSION ON ACCREDITATION IN PHYSICAL THERAPY EDUCATION, COMMISSION ON ACCREDITATION OF ALLIED HEALTH EDUCATION PROGRAMS, COMMISSION ON COLLEGE NURSING EDUCATION, COUNCIL ON SOCIAL WORK EDUCATION, INTERNATIONAL ASSEMBLY FOR COLLEGIATE BUSINESS EDUCATION, PENNSYLVANIA DEPARTMENT OF EDUCATION AND THE JOINT REVIEW COMMITTEE ON EDUCATION IN RADIOLOGIC TECHNOLOGY.THE TOTAL HEADCOUNT FOR FALL 2011 INCLUDED 2,830 STUDENTS. 55935439 1 1 0 0 0 0 0 1 0 1 1 0 0 0 1 1 1 0 0 0 1 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 1 97 0 1 1477 1 1 1 0 0 0 0 1 1 0 0 0 0 X 34 31 1 1 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 PA X RONALD S HROMISIN CONTROLLER 5706746312 301 LAKE STREET DALLAS PA 18612 MICHAEL AMORY 0.20 X 0 0 0 DR M THERESE ANTONE RSM 0.20 X 0 0 0 STUART M BELL 0.20 X 0 0 0 MSGR JOHN J BENDIK 0.20 X 0 0 0 CHRISTOPHER L BORTON 0.20 X 0 0 0 JONATHAN BRASSINGTON 0.20 X 0 0 0 DR RUTH A CONNOLLY 0.20 X 0 0 0 SCOTT DAGENAIS 0.20 X 0 0 0 DR MARY ANN DILLON RSM 0.20 X 0 0 0 MARY ERWINE 0.20 X 0 0 0 PATRICIA FINAN-CASTELLANO 0.20 X 0 0 0 HAROLD E FLACK II 0.20 X 0 0 0 ROBERT FRIEDMAN 0.20 X 0 0 0 DR MARTHA HANLON RSM 0.20 X 0 0 0 ROGER HOWELL 0.20 X 0 0 0 GEORGE HUNTZINGER 0.20 X 0 0 0 SANDY INSALACO SR 0.20 X 0 0 0 KRISTOPHER JONES 0.20 X 0 0 0 WILLIAM H KENT 0.20 X 0 0 0 SCOTT LYNETT 0.20 X 0 0 0 SHERRY A MANETTA 0.20 X 0 0 0 CATHERINE MCGROARTY RSM 0.20 X 0 0 0 JOHN C METZ 0.20 X X 0 0 0 DANIEL MEUSER 0.20 X 0 0 0 JOHN D MORAN JR 0.20 X 0 0 0 DR CAROL RITTNER RSM 0.20 X 0 0 0 PAUL SIEGEL 1.00 X X 0 0 0 ROSEMARY SIGMOND 0.20 X 0 0 0 MAYON SLYVAIN RSM 0.20 X 0 0 0 DR DEBORAH SMITH-MILESKI 0.20 X 0 0 0 ROBERT J SOPER 0.20 X X 0 0 0 MARY BETH MCNAMARA SULLIVAN 0.20 X 0 0 0 MURRAY UFBERG ESQ 0.20 X 0 0 0 WILLIAM C WILLIAMS 0.20 X 0 0 0 DR MICHAEL MACDOWELL 40.00 X 289372 0 60218 MARI KING 40.00 X 137750 0 19829 ERIC NELSON 40.00 X 0 0 0 JOHN RISBOSKIN 40.00 X 135758 0 22888 CAROL FAHNESTOCK 40.00 X 42733 0 12578 SUSAN HELWIG 40.00 X 132954 0 26874 JEAN DYER 40.00 X 116147 0 14029 JOHN SUMANSKY 40.00 X 115159 0 15950 SUSAN BARKER 40.00 X 117627 0 18042 GLEN TELLIS 40.00 X 115011 0 13761 1202511 0 204169 13 0 1 0 SORDONI CONSTRUCTION SERVICES 45 OWEN STREET FORTY FORT PA 18704 GENERAL CONSTRUCTION CONTRACTOR 10323765 METZ & ASSOCIATES LTD 2 WOODLAWN DRIVE DALLAS PA 18612 FOOD SERVICE 2396522 CARROLL CONSTRUCTION CO PO BOX 341 DALLAS PA 18612 GENERAL CONSTRUCTION CONTRACTOR 618954 THE QUANDELL GROUP INC 3003 NORTH FRONT ST HARRSIBURG PA 17110 CONSTRUCTION SERVICES 413541 BORTON LAWSON ENGINEERING 613 BALTIMORE DR WILKESBARRE PA 18702 GENERAL CONSTRUCTION CONTRACTOR 299411 20 68283 2404857 4076661 236612 6549801 STUDENT TUITION & FEES 611600 54490408 54490408 ROOM & BOARD 721310 9359999 9359999 BOOKSTORE 451211 900674 900674 STUDENT LOAN INT INC 523000 29969 29969 NON-CREDITED PROGRMMNG 611600 7000 7000 24752 24752 64812802 497418 497418 19940636 20161923 -221287 -221287 -221287 18298 68283 61123 -42825 -42825 SUMMER CAMPS/CONFRNCES 611710 375168 132424 242744 STUDENT PARKING/FINES 812930 41623 41623 INSURANCE CLAIMS 525100 3500 3500 113904 86364 27540 534195 72130104 64100947 270284 1209072 17387401 17387401 660783 660783 22883387 20138423 1919946 825018 1538555 1359324 123761 55470 3500389 3003803 370386 126200 1749530 1539666 146788 63076 69650 69650 129070 129070 108334 108334 119144 119144 1630327 1038562 522267 69498 602812 78813 510164 13835 2309803 1273194 994852 41757 712250 85878 626372 2296149 2283644 12321 184 676101 571989 94934 9178 111295 94318 16656 321 977181 977181 3607358 3457697 149661 578409 578309 100 BOOKSTORE 610494 610494 MEMBERSHIPS 246250 134933 108361 2956 FINANCING FEES 137186 130999 6187 STUDENT TESTING FEES 109923 109923 1510077 961744 542016 6317 64261858 55935439 7112609 1213810 102012 167426 194924 9514526 8387520 5176237 2309167 1577493 409056 385110 69211 204272 120913949 39096344 68784686 81817605 20342824 19731441 2104671 2144389 3316941 3322520 106021012 124041019 2606628 4145165 1699927 1951460 17561710 17295000 255811 175684 7616573 17923562 3215918 6472215 32956567 47963086 X 42973246 45445782 17822191 17919426 12269008 12712725 73064445 76077933 106021012 124041019 X 7868246 -4854758 X X 0 1 1 X 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 155570 1192974 X 0 24806649 1295755 -121518 414869 131609 25434408 19689944 1657949 4071030 446449 165824 24806650 16932853 1518310 1690772 308187 143804 19689944 17675644 2261412 -2586034 296964 121205 16932853 0.41000 0.49000 0.10000 1 0 2889074 2889074 84671217 23551071 61120146 3207600 2971507 236093 16396158 12573766 3822392 13749900 13749900 81817605 STUDENT DEPOSITS & ADVANCES 365763 ANNUITIES PAYABLE 111912 ADVANCE FROM FEDERAL GOVERNMENT FOR STUDENT LOANS 1483999 ASSET RETIREMENT OBLIGATIONS 93655 ACCRUED PENSION COST 1648218 INTEREST RATE SWAPS 2768668 6472215 72130104 64261858 7868246 -934662 -3920096 -4854758 3013488 51279169 -934662 -19858252 -20792914 72072083 119144 -61123 58021 72130104 48265681 653938 653938 47611743 119144 16530971 16650115 64261858 PART III, LINE 4: PART III, LINE 4: THE UNIVERSITY MAINTAINS A COLLECTION OF PAINTINGS UTILIZED IN THE DECOR OF VARIOUS UNIVERSITY BUILDINGS, INCLUDING ITS ART GALLERY. THE UNIVERSITY'S ART GALLERY AND COLLECTION IS AN INTEGRAL PART OF THE FINE ARTS CURRICULUM. DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: PART V, LINE 4: ANNUAL EARNINGS FROM THE UNIVERSITY'S ENDOWMENT ARE USED FOR THE FOLLOWING PURPOSES: 1. PRESERVE THE ENDOWMENT PRINCIPAL TO PROVIDE CONTINUED EARNINGS. 2. USE A PRE-DETERMINED ENDOWMENT SPENDING RATE TO INCREASE FUNDS AVAILABLE FOR USE IN AWARDING ANNUAL SCHOLARSHIPS. 3. FUND A SPENDING RESERVE TO BE USED IN YEARS WHEN ANNUAL EARNINGS CANNOT SUPPORT THE PRESERVATION OF ENDOWMENT PRINCIPAL AND THE ENDOWMENT SPENDING RATE. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: THE UNIVERSITY IS TAX-EXEMPT AS A NOT-FOR-PROFIT ORGANIZATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE UNIVERSITY ACCOUNTS FOR UNCERTAINTIES IN INCOME TAXES IN ACCORDANCE WITH AUTHORITATIVE GUIDANCE, WHICH PRESCRIBES A RECOGNITION THRESHOLD OF MORE-LIKELY-THAN-NOT TO BE SUSTAINED UPON EXAMINATION BY THE APPROPRIATE TAXING AUTHORITY. MEASUREMENT OF THE TAX UNCERTAINTY OCCURS IF THE RECOGNITION THRESHOLD HAS BEEN MET. THE UNIVERSITY'S POLICY IS TO RECOGNIZE INTEREST RELATED TO UNRECOGNIZED TAX BENEFITS IN INTEREST EXPENSE AND PENALTIES IN OPERATING EXPENSES. NO INTEREST PENALTIES WERE RECOGNIZED IN 2012 AND 2011. THE UNIVERSITY'S FEDERAL EXEMPT ORGANIZATION BUSINESS INCOME TAX RETURNS FOR 2010, 2009, AND 2008 REMAIN SUBJECT TO EXAMINATION BY THE IRS. PART XI, LINE 8 - OTHER ADJUSTMENTS: CHANGE IN SPLIT-INTEREST AGREEMENTS -65,642. NET UNREALIZED LOSS ON INTEREST RATE SWAPS -2,557,063. MINIMUM PENSION LIABILTY ADJUSTMENT -704,576. INTEREST RATE SWAPS -592,815. TOTAL TO SCHEDULE D, PART XI, LINE 8: -3,920,096. PART XII, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN SPLIT-INTEREST AGREEMENTS -65,642. NET UNREALIZED LOSS ON INTEREST RATE SWAPS -2,557,063. MINIMUM PENSION LIABILITY ADJUSTMENT -704,576. STUDENT SCHOLARSHIPS -16,530,971. PART XII, LINE 4B - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES -61,123. PART XIII, LINE 2D - OTHER ADJUSTMENTS: INTEREST RATE SWAPS 592,815. FUNDRAISING EXPENSES 61,123. PART XIII, LINE 4B - OTHER ADJUSTMENTS: STUDENT SCHOLARSHIPS 16,530,971. JAMAICA 0 13 PROGRAM SERVICES EDUCATIONAL/VOLUNTEERISM ACTIVITIES 5626 GUYANA 0 12 PROGRAM SERVICES EDUCATIONAL/VOLUNTEERISM ACTIVITIES 7293 0 25 0 0 0 25 12919 0 12919 0 0 0 0 0 0 VIP ALL ACCESS 35864 27500 8364 18810 4850 12543 SISTER SERVING SISTERS 29548 25860 3688 12848 5949 1 21169 14923 6246 1048 2960 2115 86581 68283 18298 32706 7810 20607 61123 -42825 1 STUDENT ACADEMIC SCHOLARSHIPS 2493 17387401 N/A PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, PART I, LINE 2: THE UNIVERSITY PROVIDES ITS STUDENTS WITH VARIOUS SCHOLARSHIPS THAT ARE AWARDED BASED ON VARIOUS CRITERIA. EACH STUDENT'S ELIGIBILITY IS VERIFIED PRIOR TO AWARDING A SCHOLARSHIP. THE UNIVERSITY POSTS THE GRANT DIRECTLY TO OUTSTANDING STUDENT ACCOUNT BALANCES TO ENSURE THE PROPER USE OF AWARDED FUNDS. X X X 1 1 X X X X X 0 1 0 0 0 0 0 1 0 DR MICHAEL MACDOWELL 229372 0 60000 0 0 0 35605 0 24613 0 349590 0 0 0 MARI KING 137750 0 0 0 0 0 11156 0 8673 0 157579 0 0 0 JOHN RISBOSKIN 129676 0 0 0 6082 0 8726 0 14162 0 158646 0 0 0 SUSAN HELWIG 132954 0 0 0 0 0 11122 0 15752 0 159828 0 0 0 PART I, LINE 1A THE UNIVERSITY FURNISHES THE PRESIDENT WITH HOUSING OWNED BY THE UNIVERSITY. THE PRESIDENT AND HIS SPOUSE WILL RESIDE IN THE HOME THROUGHOUT HIS TERM. THE UNIVERSITY PAYS DUES FOR MEMBERSHIPS IN SUCH PROFESSIONAL AND COMMUNITY ASSOCIATIONS AND ORGANIZATIONS, AND FOR ATTENDANCE BY THE PRESIDENT AT CONFERENCES AND MEETINGS, AS DEEMED APPROPRIATE FOR THE PRESIDENT'S IMPLEMENTATION OF THE DUTIES OF HIS OFFICE. THE UNIVERSITY IS RESPONSIBLE FOR PAYING THE COST OF ALL UTILITIES AND REASONABLE EXPENSES, EXCLUDING PERSONAL TELEPHONE CHARGES, INCLUDING MAINTENANCE OF AND RENOVATIONS TO THE PRESIDENT'S RESIDENCE AND GROUNDS. THESE BENEFITS ARE NOT INCLUDED IN THE PRESIDENT'S TAXABLE COMPENSATION. PART I, LINE 4B MICHAEL MACDOWELL PARTICIPATES IN A NON-QUALIFIED PLAN IN WHICH CONTRIBUTIONS TO THE PLAN TOTALED $17,000 FOR THE YEAR. PART I, LINE 7 THE PRESIDENT OF THE UNIVERSITY MAY RECEIVE AN INCENTIVE-BASED ANNUAL BONUS AT THE DISCRETION OF THE BOARD OF TRUSTEES. THE DECISION TO AWARD A BONUS IS BASED UPON THE PRESIDENT'S PERFORMANCE DURING THE PREVIOUS YEAR AND MEASURED AGAINST THE GOALS, OBJECTIVES, AND EXPECTATIONS MUTUALLY ESTABLISHED BY THE PRESIDENT AND THE BOARD OF TRUSTEES ANNUALLY. THE GENERAL MUNICIPAL AUTHORITY OF THE BOROUGH OF HARVEYS LAKE 231920749 417846AA0 2008-12-18 21360000 PARTIAL REFUNDING OF PRIOR BOND ISSUE, FIN CAPITAL PROJS, PAY ISSUANCE COSTS 0 1 0 4290000 21360000 331438 17694527 3334035 2009 0 1 1 1 0 0 1 1 0 0.00000 0.00000 0.00000 1 0 1 1 PNC BANK 24.400000000000 0 0 0 1 1 X METZ & ASSOCIATES X 650000 175684 0 1 1 175684 JOHN C METZ BOARD MEMBER 2396522 FOOD SERVICE FOR THE UNIVERSITY IS PROVIDED BY METZ & ASSOCIATES, LTD. JOHN C. METZ IS THE EXECUTIVE CHAIRMAN OF METZ & ASSOCIATES, LTD AND ALSO SERVES AS A BOARD MEMBER FOR THE UNIVERSITY. THE BOARD MAINTAINS A CONFLICT OF INTEREST POLICY AND ALL TRANSACTIONS WITH METZ & ASSOCIATES, LTD WERE CONDUCTED AT ARM'S LENGTH. 0 CHRISTOPHER L BORTON BOARD MEMBER 299411 CERTAIN CONTRACTED ARCHITECT AND ENGINEERING SERVICES FOR THE UNIVERSITY ARE PROVIDED BY BORTON-LAWSON ENGINEERING. CHRISTOPHER L. BORTON IS THE PRESIDENT OF BORTON-LAWSON ENGINEERING AND ALSO SERVES AS A BOARD MEMBER FOR THE UNIVERSITY. THE BOARD MAINTAINS A CONFLICT OF INTEREST POLICY AND ALL TRANSACTIONS WITH BORTON-LAWSON ENGINEERING WERE CONDUCTED AT ARM'S LENGTH. 0 MURRAY UFBERG ESQ BOARD MEMBER 110352 LEGAL SERVICES ARE PROVIDED TO THE UNIVERSITY BY ROSENN, JENKINS, & GREENWALD, LLP. A PARTNER IN THE FIRM ALSO SERVES AS A BOARD MEMBER OF THE UNIVERSITY. THE BOARD MAINTAINS A CONFLICT OF INTEREST POLICY AND ALL TRANSACTIONS WITH ROSENN, JENKINS, & GREENWALD, LLP WERE CONDUCTED AT ARMS-LENGTH. 0 X 6 48500 FMV X 5 40125 FMV X WHEELCHAIRS 10 17550 FMV X COMIC BOOKS 33 41554 FMV X COMPUTER CARTS 2 23000 FMV X WIRELESS ACCESS PTS 20 16000 FMV X SIGN REPLACEMENT 1 4418 FMV 2 0 0 1 METHOD FOR DETERMINING NUMBER OF CONTRIBUTORS: PART I, COLUMN (B): THE NUMBER OF CONTRIBUTORS IS REPORTED FOR GIFTS OF SECURITIES. NUMBER OF ITEMS CONTRIBUTED REPRESENTS ALL OTHER CONTRIBUTIONS. THIRD PARTY USE: PART I, LINE 32B: THE ORGANIZATION WORKS WITH SEVERAL BROKERAGE FIRMS. THE ORGANIZATION'S POLICY IS TO LIQUIDATE SECURITIES IMMEDIATELY UPON RECEIPT UNLESS OTHERWISE DIRECTED BY THE DONOR. FORM 990, PART VI, SECTION A, LINE 2 THE FOLLOWING RELATIONSHIPS WERE DISCLOSED AMONG BOARD MEMBERS: JONATHAN BRASSINGTON AND GEORGE HUNTZINGER HAVE A BUSINESS RELATIONSHIP. GEORGE HUNTZINGER AND ROGER HOWELL HAVE A BUSINESS RELATIONSHIP. KRISTOPHER JONES AND ROBERT SOPER HAVE A BUSINESS RELATIONSHIP. ROBERT SOPER AND STUART BELL HAVE A BUSINESS RELATIONSHIP. WILLIAM WILLIAMS AND HAROLD FLACK HAVE A BUSINESS RELATIONSHIP. WILLIAM WILLIAMS AND ROBERT FRIEDMAN HAVE A BUSINESS RELATIONSHIP. PAUL SIEGEL AND HAROLD FLACK HAVE A BUSINESS RELATIONSHIP. MICHAEL MACDOWELL AND GEORGE HUNTZINGER HAVE A BUSINESS RELATIONSHIP. FORM 990, PART VI, SECTION A, LINE 3 AN INDEPENDENT CONTRACTOR WAS HIRED AS THE TEMPORARY VICE PRESIDENT OF FINANCE AND ADMINISTRATION WHILE THE SEARCH WAS BEING CONDUCTED FOR A PERMANENT REPLACEMENT. FORM 990, PART VI, SECTION B, LINE 11 THE UNIVERSITY'S AUDIT COMMITTEE IS A STANDING COMMITTEE OF THE BOARD OF TRUSTEES. AS OUTLINED IN THE AUDIT COMMITTEE CHARTER, ONE OF THE AUDIT COMMITTEE'S RESPONSIBILITIES IS TO ANNUALLY REVIEW AND APPROVE FEDERAL FORM 990 AND FORM 990-T PRIOR TO FILING. COPIES OF FORMS 990 AND 990-T ARE PROVIDED TO THE FULL BOARD OF TRUSTEES PRIOR TO THE FILING DUE DATE VIA A WEB-BASED SECURE LINK. FORM 990, PART VI, SECTION B, LINE 12C THE UNIVERSITY MAINTAINS A WRITTEN CONFLICT OF INTEREST POLICY COVERING ALL MEMBERS OF THE BOARD OF TRUSTEES, INSTITUTIONAL OFFICERS, FACULTY AND EMPLOYEES OF THE UNIVERSITY. A DISCLOSURE AND CONFLICT OF INTEREST FORM DETAILS INFORMATION REGARDING SUBSTANTIVE, COMPETING, BUSINESS AND FAMILIAL RELATIONSHIPS THAT MAY REPRESENT A CONFLICT OF INTEREST. ANY SUCH RELATIONSHIPS INCLUDING POSSIBLE SUBSTANTIAL BENEFITS ARE DETAILED ON THE DISCLOSURE AND CONFLICT OF INTEREST FORM. MEMBERS OF THE BOARD OF TRUSTEES ARE REQUIRED TO COMPLETE A NEW DISCLOSURE AND CONFLICT OF INTEREST FORM ANNUALLY. THE FORMS ARE REVIEWED BY THE SECRETARY OF THE BOARD OF TRUSTEES AND ANY POTENTIAL CONFLICTS ARE REVIEWED WITH THE PRESIDENT AND THE HUMAN RESOURCES DEPARTMENT AS CONSIDERED NECESSARY. FORM 990, PART VI, SECTION B, LINE 15 THE UNIVERSITY'S EXECUTIVE COMMITTEE, WHICH ALSO SERVES AS THE COMPENSATION COMMITTEE, PERIODICALLY ENGAGES AN INDEPENDENT CONSULTING FIRM TO ASSIST IN DETERMINING EXECUTIVE COMPENSATION WITHIN A PRE-DETERMINED COMPENSATION PHILOSOPHY. THE FIRM'S REVIEW IS BASED UPON MARKET EVALUATION OF ITEMS INCLUDING THE UNIVERSITY'S PEER INSTITUTIONS' STATISTICS, COMPENSATION AND BENEFITS IN COMPLIANCE WITH APPROPRIATE PROVISIONS OF THE INTERNAL REVENUE CODE. EMPLOYMENT CONTRACTS ARE USED IN CONJUNCTION WITH THE AFOREMENTIONED METHODS WHERE DEEMED NECESSARY FOR OFFICERS AND KEY EMPLOYEES. FORM 990, PART VI, SECTION C, LINE 19 ALTHOUGH THE UNIVERSITY DOES NOT MAKE ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ROUTINELY AVAILABLE TO THE PUBLIC, THE DOCUMENTS ARE AVAILABLE UPON REQUEST. THE UNIVERSITY'S CONFLICT OF INTEREST POLICY IS INCLUDED IN THE HUMAN RESOURCES POLICIES AND PROCEDURES MANUAL AVAILABLE ON THE UNIVERSITY'S WEBSITE. THE UNIVERSITY PROACTIVELY SUBMITS ITS FINANCIAL STATEMENTS TO THE NATIONAL ASSOCIATION OF COLLEGE AND UNIVERSITY BUSINESS OFFICERS (NACUBO) WEBSITE. IN ADDITION, THE FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED LOSSES ON INVESTMENTS: -934,662. CHANGE IN SPLIT-INTEREST AGREEMENTS -65,642. NET UNREALIZED LOSS ON INTEREST RATE SWAPS -2,557,063. MINIMUM PENSION LIABILTY ADJUSTMENT -704,576. INTEREST RATE SWAPS -592,815. TOTAL TO FORM 990, PART XI, LINE 5: -4,854,758. FORM 990, PART XI, LINE 2C: THE PROCESSES USED BY THE COMMITTEE THAT ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT OF THE ORGANIZATION'S FINANCIAL STATEMENTS AND THE SELECTION OF AN INDEPENDENT ACCOUNTANT HAVE NOT CHANGED FROM THE PRIOR YEAR.