2013-03-27T09:59:46-05:00 2012-06-30 251408703 SCHNEIDER DOWNS & CO INC 1133 PENN AVENUE PITTSBURGH PA 15222 990 2011-07-01 250965557 SETON HILL UNIVERSITY SETO 7248342200 ONE SETON HILL DRIVE GREENSBURG PA 15601 JOANNE W BOYLE 7248342200 2013-03-09 1 SUSAN M KIRSCH P00341397 4122613644 2011 2016-02-25 16:41:14Z JOANNE W BOYLE ONE SETON HILL DRIVE GREENSBURG PA 15601 71516146 0 X WWW.SETONHILL.EDU X 1885 PA INSTITUTION OF HIGHER LEARNING PROVIDING UNDERGRADUATE AND GRADUATE STUDENT EDUCATION. 33 32 1269 41 94147 0 5442271 4503027 60765559 63697407 658895 1141042 11148 64382 66877873 69405858 23205070 23666590 0 0 20802475 22663817 0 0 932578 17825857 19452717 61833402 65783124 5044471 3622734 106699848 108858861 31334986 31154429 75364862 77704432 X COMPREHENSIVE INSTITUTION OF HIGHER LEARNING PROVIDING UNDERGRADUATE AND GRADUATE STUDENT EDUCATION. 0 0 62481683 23666590 63603260 SETON HILL UNIVERSITY (UNIVERSITY) IS A CATHOLIC LIBERAL ARTS UNIVERSITY LOCATED IN SOUTHWESTERN PENNSYLVANIA. ITS PURPOSE IS TO BE A FOSTERING COMMUNITY OF TEACHERS AND LEARNERS COMMITTED TO LIBERAL STUDY OF ARTS AND SCIENCES. THE UNIVERSITY'S EDUCATIONAL OFFERINGS INCLUDE MAJOR COURSES OF STUDY IN EDUCATION, HUMANITIES, NATURAL SCIENCES, SOCIAL SCIENCES AND VISUAL AND PERFORMING ARTS, BOTH AT THE UNDERGRADUATE AND GRADUATE LEVEL. THE STUDENT BODY IS DIVERSE, COMING FROM ALL WALKS OF LIFE, AND INCLUDES STUDENTS FROM 49 STATES AND 17 COUNTRIES. APPROXIMATELY 21% OF THE FRESHMAN CLASS OF THE 2011-12 ACADEMIC YEAR WERE NON-CAUCASIAN. IN ADDITION TO SERVING THE TRADITIONAL UNDERGRADUATE AGED STUDENT, THE UNIVERSITY ALSO OFFERS THE OPPORTUNITY FOR NON-TRADITIONAL AGED ADULT LEARNERS TO PURSUE A DEGREE THROUGH ITS ADULT DEGREE PROGRAM. THIS INITIATIVE IS CURRENTLY SERVING 172 ADULTS. THE UNIVERSITY OFFERS A FINANCIAL AID PROGRAM TO THEIR STUDENTS THAT IS DESIGNED TO HELP STUDENTS WHO WOULD FIND IT DIFFICULT OR IMPOSSIBLE TO ATTEND COLLEGE WITHOUT SOME FINANCIAL ASSISTANCE. THE UNIVERSITY OFFERS A COMPREHENSIVE PROGRAM OF FINANCIAL AID IN THE FORM OF SCHOLARSHIPS, GRANTS, LOANS, PART-TIME EMPLOYMENT, AND DEFERRED PAYMENT SCHEDULES AND COORDINATES FEDERAL AND STATE FINANCIAL AID PROGRAMS. ANY OF THESE FORMS OF FINANCIAL AID MAY BE OFFERED ALONE OR IN VARIOUS COMBINATIONS TO A STUDENT. THE AMOUNT OF FINANCIAL AID AN APPLICANT RECEIVES IS BASED ON THE DIFFERENCE BETWEEN THE TOTAL COSTS AND THE AMOUNT THE STUDENT AND FAMILY ARE ABLE TO CONTRIBUTE TOWARD COSTS AS DETERMINED BY THE FASFA NEEDS ANALYSIS. DURING THE FISCAL YEAR ENDING JUNE 30, 2012, THE UNIVERSITY AWARDED IN EXCESS OF $23,626,590 IN AID TO ITS STUDENTS. THE UNIVERSITY IS AN ACTIVE PARTICIPANT IN THE TRADE ADJUSTMENT ACT. DURING THE FISCAL YEAR ENDING JUNE 30, 2012, THERE WERE 24 ADULT STUDENTS WHO WERE ENROLLED AT THE UNIVERSITY UNDER THIS PROGRAM FOR DISPLACED WORKERS. THE UNIVERSITY ALSO SERVED 55 VETERANS UNDER THE CHAPTER 33 VA YELLOW RIBBON PROGRAM. IN ADDITION TO SERVING THE COMMUNITY AS A LIBERAL ARTS SCHOOL OF HIGHER EDUCATION, THE UNIVERSITY ALSO SERVES THE COMMUNITY BY OFFERING A CHILD DEVELOPMENT CENTER FOR PRESCHOOL AGED STUDENTS. CURRENTLY THERE ARE APPROXIMATELY 47 CHILDREN ENROLLED IN THIS PROGRAM. THE UNIVERSITY HAS PARTNERED WITH THE CITY OF GREENSBURG, WESTMORELAND COUNTY AND THE GREENSBURG SALEM SCHOOL DISTRICT, OFFERING A CENTER FOR PERFORMING ARTS LOCATED IN DOWNTOWN GREENSBURG. THE FACILITY ENABLES THE UNIVERSITY TO IMPLEMENT PROGRAMS IN THIS FIELD. THE CENTER ALSO DRAWS VISITORS AND SCHOOL AGED YOUTH FROM AROUND THE REGION TO MUSICAL AND THEATRICAL PRODUCTIONS. THROUGH ITS ACADEMIC OFFERINGS, THE COMMUNITY MUSIC PROGRAM, AND THE WESTMORELAND SYMPHONIC WINDS, SETON HILL'S MUSIC PROGRAM CURRENTLY SERVES 590 YOUTH AND ADULT STUDENTS AND PERFORMING MUSICIANS. THE UNIVERSITY SUBSIDIZES THESE PROGRAMS AS THE TUITION CHARGED DOES NOT COVER THE ENTIRE COST OF OPERATING THESE PROGRAMS. 62481683 1 1 0 1 0 0 0 1 0 1 1 0 0 0 1 1 0 1 1 0 1 0 0 0 1 1 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 1 3544 0 1 1269 1 1 1 1 CJ 0 0 0 0 0 0 0 0 X 33 32 0 0 0 0 0 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 PA X PAUL T ROMAN 7248384236 ONE SETON HILL DRIVE GREENSBURG PA 15601 X DAVID ASSARD 0.40 X 0 0 0 MARY ANN AUG 0.60 X 0 0 0 BIBIANA BOERIO 1.20 X 0 0 0 BARBARA BOSS SC 0.30 X 0 0 0 JAMES R BREISINGER 1.30 X 0 0 0 LAURIE A CARROLL 0.00 X 0 0 0 LALIT CHORDIA 0.50 X 0 0 0 JULIA CUCCARO 1.10 X 0 0 0 SARA CUTTING 0.40 X 0 0 0 PATRICK DECOURCY 0.40 X 0 0 0 LYN MARIE DWYER SC 0.60 X 0 0 0 BRYCELYN EYLER SC 0.40 X 0 0 0 MATTHEW GALANDO 0.60 X 0 0 0 BRIGID MARIE GRANDEY SC 0.20 X 0 0 0 LOUISE GRUNDISH SC 0.80 X 0 0 0 KYM STOUT HAMILTON 0.60 X 0 0 0 GRACE HARTZOG SC 0.10 X 0 0 0 RICHARD HENDRICKS 0.90 X 0 0 0 PHIPPS H HOFFSTOT III 0.40 X 0 0 0 MARY ELLEN COONEY HIGGINS 0.00 X 0 0 0 DAVID IWINSKI JR 0.50 X 0 0 0 RICHARD KACIN 0.40 X 0 0 0 DONNA MARIE LEIDEN SC 0.10 X 0 0 0 CATHERINE MEINERT SC 1.20 X 0 0 0 VELMA MONTEIRO-TRIBBLE 0.40 X 0 0 0 KELLEY A SKOLODA 0.30 X 0 0 0 REBECCA SNYDER 0.60 X 0 0 0 KAREN FARMER WHITE 0.40 X 0 0 0 DANIEL WUKICH 1.00 X 0 0 0 MICHELE M RIDGE 5.30 X X 0 0 0 BISHOP LAWRENCE E BRANDT 0.10 X X 0 0 0 VIVIEN LINKHAUER SC 0.30 X X 0 0 0 GERTRUDE FOLEY SC 0.20 X X 0 0 0 JOANNE BOYLE 55.00 X X 296468 0 83403 PAUL ROMAN 55.00 X 174624 0 96095 MARY ANN GAWELEK 55.00 X 159416 0 49042 CHRISTINE MUESELER 55.00 X 137688 0 34274 DONALD J RINCHUSE 55.00 X 165684 0 13480 DANIEL J RINCHUSE 55.00 X 155684 0 26807 PHILIP KOMONARY 55.00 X 116886 0 34341 BARBARA HINKLE 55.00 X 110891 0 29970 1317341 0 367412 10 0 1 0 ARAMARK INC PO BOX 198532 ATLANTA GA 303848532 FOOD SERVICE 3074435 A MARTINI & CO 330 GRANT STREET VERONA PA 151471045 GENERAL CONTRACTOR 1281761 SISTERS OF CHARITY OF SETON HILL 463 MT THOR ROAD GREENSBURG PA 15601 ADMINISTRATION & TEACHING 520718 GRAZIANO CONSTRUCTION AND DEVELOPMENT 654 ALPHA DRIVE PITTSBURGH PA 15238 GENERAL CONTRACTOR 286162 MLAKER TRANSPORTATION 1976 VALLEY VIEW DR DAVIDSVILLE PA 15928 BUS SERVICE 210716 8 2305202 2197825 74282 4503027 TUITION & FEES 611710 53567332 53567332 ROOM & BOARD 611710 7498974 7498974 OTHER AUXILIARY 722320 1295622 1201475 94147 ORTHODONIC PROGRAM 900099 534842 534842 STUDENT ACTIVITIES 611710 190939 190939 609698 609698 63697407 382767 382767 2856262 2097987 758275 758275 758275 42766 9300 33466 33466 33917 3001 30916 30916 69405858 63603260 94147 1205424 40000 40000 23626590 23626590 1429063 660529 555504 213030 17029372 15911408 826662 291302 869295 772111 81746 15438 2124962 1882322 223242 19398 1211125 1091141 83885 36099 67560 67560 95887 12682 83205 42000 42000 172907 172907 3707251 3441407 176246 89598 768624 760929 7695 3098585 2921920 53150 123515 1265602 1265602 2006686 1965713 40973 1697763 1560628 67811 69324 1043992 1043992 3538403 3538403 453092 453092 MISCELLANEOUS 406471 378580 27891 BAD DEBTS 325776 325776 SPECIAL EVENTS 322733 306914 15819 MEMBERSHIPS/SUBSCRIPT. 315173 289922 14864 10387 124212 122462 1750 65783124 62481683 2368863 932578 309951 360922 7863878 8017757 424216 646895 3040646 4448540 1731211 1770266 13565 19520 125289 305325 101069237 39917141 60966069 61152096 28712110 28285164 2569864 2872608 943049 979768 106699848 108858861 3603365 4393623 4045328 4738856 20829560 19711120 1306661 877512 1550072 1433318 31334986 31154429 X 23326273 27910939 34275379 31615077 17763210 18178416 75364862 77704432 106699848 108858861 X 3622734 -1283164 X X 0 1 1 X 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X 42000 42000 42000 42000 65741124 65741139 65783124 65783139 1000000 1000000 250000 250000 0 0 0 0 1000000 1000000 1000000 1000000 4000000 6000000 76672 52906 58016 42000 229594 250000 250000 250000 250000 1000000 1500000 X X X X 0 30207004 1206208 -399987 721736 249645 30041844 24361777 1953582 4883622 763822 228155 30207004 20102743 2634153 1928402 303520 24361777 13812083 8736284 -2191072 254552 20102743 0.29000 0.61000 0.10000 0 0 314300 314300 53004430 17246947 35757483 22051640 2286440 19765200 11813918 10072739 1741179 13884949 10311015 3573934 61152096 DEPOSITS HELD FOR OTHERS 61263 STUDENT DEPOSITS 302248 LAND LEASE OBLIGATION 228144 STUDENT LOAN ADVANCES 841663 1433318 69405858 65783124 3622734 -1169204 -113960 -1283164 2339570 44533333 -1169204 83875 12301 -1073028 45606361 172907 23626590 23799497 69405858 42079803 83875 12301 96176 41983627 172907 23626590 23799497 65783124 PART III, LINE 1A: THE UNIVERSITY'S COLLECTIONS INCLUDE PAINTINGS, PRINTS, PHOTOGRAPHS, SCULPTURES, DRAWINGS AND WATERCOLORS, AND DECORATIVE ARTS. THESE ITEMS ARE HELD FOR EDUCATIONAL, RESEARCH, SCIENTIFIC AND CURATORIAL PURPOSES. EACH OF THE ITEMS IS CATALOGED, PRESERVED AND CARED FOR, AND ACTIVITIES VERIFYING THEIR EXISTENCE AND ASSESSING THEIR CONDITION ARE PERFORMED CONTINUOUSLY. PURCHASES OF COLLECTION ITEMS ARE RECORDED AS OPERATING EXPENDITURES IN THE YEAR IN WHICH THE ITEMS ARE ACQUIRED. CONTRIBUTED COLLECTION ITEMS ARE NOT REFLECTED IN THE FINANCIAL STATEMENTS. PART III, LINE 4: THE ART COLLECTION OF SHU CONSISTS PRIMARILY OF THE BRAEMER MADONNA COLLECTION, THE LYNCH ETCHINGS, THE ART DEPARTMENT PRINT COLLECTION, AND THE RELIGIOUS STATUARY, ICONOGRAPHY & REALIA. THE BRAEMER MADONNA COLLECTION COMPRISES OVER A HUNDRED PIECES INCLUDING PAINTINGS, RELIEFS, SCULPTURES AND FURNITURE. THE LYNCH ETCHINGS RANGE FROM A PIECE BY REMBRANDT TO LOCAL ARTISTS. THE COLLECTION OF PRINTS MAINTAINED BY THE ART DEPARTMENT INCLUDE NUMBERED PIECES BY NATIONALLY KNOW PRINTMAKERS FROM THE 1960S-1980S, AND A WIDE COLLECTION OF PRINTS BY SETON HILL STUDENTS. THERE IS ALSO A WIDE VARIETY OF RELIGIOUS STATUARY RANGING FROM A CAST ANGEL AND CHILD WHICH WELCOMED PEOPLE TO THE HILL SINCE 1892 TO PIECES DEPICTING MARY, JOSEPH AND ELIZABETH ANN BAYLEY SETON. SETON HILL IS ALSO HOME TO SEVERAL SCULPTURES OF JOSEPHA FILKOSKY, A FORMER FACULTY MEMBER. A LARGE NUMBER OF THE PIECES IN THE SHU COLLECTIONS ARE ON EXHIBIT THROUGHOUT THE UNIVERSITY AT ANY GIVEN TIME. AS WELL, THE PIECES ARE USED FOR HANDS ON TRAINING IN PRESERVATION AND RESTORATION FOR ART INTERNS. DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: THE UNIVERSITY'S ENDOWMENT CONSISTS OF VARIOUS INVESTMENT FUNDS ESTABLISHED PRIMARILY FOR SUPPORT OF THE ORGANIZATION'S MISSION. ITS ENDOWMENT INCLUDES DONOR-RESTRICTED ENDOWMENT FUNDS AND FUNDS DESIGNATED BY THE BOARD OF TRUSTEES TO FUNCTION AS ENDOWMENTS. AS REQUIRED BY GENERALLY ACCEPTED ACCOUNTING PRINCIPLES, NET ASSETS ASSOCIATED WITH ENDOWMENT FUNDS, INCLUDING FUNDS DESIGNATED BY THE BOARD OF TRUSTEES TO FUNCTION AS ENDOWMENTS, ARE CLASSIFIED AND REPORTED BASED ON THE EXISTENCE OR ABSENCE OF DONOR-IMPOSED RESTRICTIONS. THE BOARD OF TRUSTEES OF THE UNIVERSITY HAS ELECTED TO ADOPT THE COMMONWEALTH OF PENNSYLVANIA'S ACT 141 (ACT 141) TOTAL RETURN PROVISION THAT ALLOWS A NONPROFIT TO CHOOSE TO TREAT A PERCENTAGE OF THE AVERAGE MARKET VALUE OF THE ENDOWMENT'S INVESTMENTS AS INCOME EACH YEAR. HOWEVER, THE LONG-TERM PRESERVATION OF THE REAL VALUE OF THE ASSETS MUST BE TAKEN INTO CONSIDERATION WHEN THE BOARD ELECTS THE AMOUNT. ON AN ANNUAL BASIS, THE BOARD OF TRUSTEES, IN WRITING, MUST ELECT A SPENDING RATE OF BETWEEN 2% AND 7%. THE UNIVERSITY APPLIES THIS PERCENTAGE TO THE AVERAGE MARKET VALUE OF THE INVESTMENTS AT THE END OF THE PRIOR YEAR. AVERAGE MARKET VALUE IS BASED UPON ON A MINIMUM THREE PREVIOUS YEARS' MARKET VALUE. FOR THE YEARS ENDED JUNE 30, 2012 AND 2011, THE UNIVERSITY USED A 7% SPENDING RATE. THE UNIVERSITY CLASSIFIES AS PERMANENTLY RESTRICTED NET ASSETS THE ORIGINAL VALUE OF GIFTS DONATED TO THE PERMANENT ENDOWMENT AND THE ORIGINAL VALUE OF SUBSEQUENT GIFTS TO THE PERMANENT ENDOWMENT. THE UNDISTRIBUTED AMOUNTS EARNED ARE INCLUDED IN TEMPORARILY RESTRICTED NET ASSETS. THE AMOUNTS RELEASED FROM RESTRICTION AS PROVIDED UNDER ACT 141 ARE CLASSIFIED AS UNRESTRICTED NET ASSETS. IN ACCORDANCE WITH ACT 141, THE UNIVERSITY HAS ADOPTED A WRITTEN INVESTMENT POLICY, OF WHICH A SECTION SPECIFICALLY RELATES TO THE ENDOWMENT FUND. THE UNIVERSITY CONSIDERS THE FOLLOWING FACTORS IN MAKING A DETERMINATION TO SET A SPENDING RATE: 1. PROTECTING THE CORPUS OF THE ENDOWMENT FUND. 2. PRESERVING THE SPENDING POWER OF THE ASSETS. 3. OBTAINING MAXIMUM INVESTMENT RETURN WITH REASONABLE RISK AND OPERATIONAL CONSIDERATION. 4. COMPLYING WITH APPLICABLE LAWS. 5. PROVIDING FLEXIBILITY THROUGH THE AVAILABILITY OF THE BOARD-DESIGNATED FUNDS. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: THE UNIVERSITY FOLLOWS THE INCOME TAXES TOPIC OF THE FINANCIAL ACCOUNTING STANDARDS BOARD (FASB) ACCOUNTING STANDARDS CODIFICATION, CLARIFYING THE ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES RECOGNIZED IN AN ENTITY'S FINANCIAL STATEMENTS. THIS TOPIC REQUIRES A RECOGNITION THRESHOLD AND MEASUREMENT PRINCIPLES FOR FINANCIAL STATEMENT DISCLOSURES OF TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN ON A TAX RETURN. THE UNIVERSITY HAS ASSESSED THE TAX POSITIONS IT HAS TAKEN OR EXPECTS TO TAKE IN ITS TAX RETURNS, AND NO LIABILITY FOR UNCERTAIN TAX POSITIONS HAS BEEN RECORDED; FURTHER, THE UNIVERSITY HAS NO UNRECOGNIZED TAX BENEFITS. THE UNIVERSITY IS NO LONGER SUBJECT TO EXAMINATION OF ITS TAX RETURNS FOR YEARS BEFORE 2009. PART XI, LINE 8 - OTHER ADJUSTMENTS: INTERCOMPANY ADJUSTMENT -113,960. PART XII, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSES 12,301. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS AND GRANTS 23,626,590. PART XIII, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSES 12,301. PART XIII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS AND GRANTS 23,626,590. 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 NEWSPAPER ADVERTISEMENTS, INCLUDING THE PITTSBURGH POST-GAZETTE AND PRINT MEDIA OF GENERAL CIRCULATION, WEBSITE. EXPLANATION OF GOVERNMENT FINANCIAL ASSISTANCE SCHEDULE E, PART I, LINE 6 SETON HILL UNIVERSITY RECEIVES GRANTS FROM FEDERAL AND STATE AGENCIES TO SUPPORT ITS EDUCATIONAL MISSION. EUROPE 0 0 PROGRAM SERVICES STUDENTS TRAVELING ABROAD AS PART OF THEIR COURSE WORK 14496 EAST ASIA AND THE PACIFIC 0 0 PROGRAM SERVICES STUDENTS TRAVELING ABROAD AS PART OF THEIR COURSE WORK 16010 NORTH AMERICA 0 0 PROGRAM SERVICES STUDENTS TRAVELING ABROAD AS PART OF THEIR COURSE WORK 30128 CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENTS 2622050 0 0 0 0 0 0 2682684 0 2682684 1 0 0 1 1 0 MERCHANDISE SALES 42766 42766 9300 5 42766 42766 9300 9300 33466 33917 2047 179 775 0 33917 2047 179 775 3001 30916 PA 1 0 0 0 1.00000 PAUL ROMAN ONE SETON HILL DRIVE GREENSBURG PA 15601 0 CHRIS SNYDER 0 SUPERVISION X 0 1 CITY OF GREENSBURG 416 SOUTH MAIN ST GREENSBURG PA 15601 256058560 GOVERNMENT 30000 N/A N/A GENERAL SUPPORT LAKE ERIE COLLEGE OF OSTEOPATHIC MEDICINE 1858 W GRANDVIEW BLVD ERIE PA 165091025 251698677 501(C)(3) 10000 N/A N/A GENERAL SUPPORT 2 0 SCHOLARSHIPS AND UNIVERSITY GRANTS 1407 23626590 N/A N/A PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, PART I, LINE 2: THE MAJORITY OF GRANT FUNDS AWARDED BY THE UNIVERSITY ARE IN THE FORM OF FINANCIAL AID TO STUDENTS. THE ORGANIZATION'S FINANCIAL AID OFFICE AWARDS AID BASED ON THE CRITERIA ESTABLISHED BY THE UNIVERSITY, ALONG WITH STATE AND FEDERAL REGULATIONS PERTAINING TO NEED AND MERIT BASED AID. THE FINANCIAL AID PROGRAM AT SETON HILL UNIVERSITY IS DESIGNED TO HELP STUDENTS WHO WOULD FIND IT DIFFICULT OR IMPOSSIBLE TO ATTEND COLLEGE WITHOUT SOME FINANCIAL ASSISTANCE. THE UNIVERSITY OFFERS A COMPREHENSIVE PROGRAM OF FINANCIAL AID IN THE FORM OF SCHOLARSHIPS, GRANTS, LOANS, PART-TIME EMPLOYMENT, AND DEFERRED PAYMENT SCHEDULES AND COORDINATES ITS PROGRAMS WITH THE FEDERAL AND STATE FINANCIAL AND PROGRAMS. ANY OF THESE FORMS OF FINANCIAL AID MAY BE OFFERED INDEPENDENTLY OR IN VARIOUS COMBINATIONS TO A STUDENT. THE FINANCIAL AID OFFICE ESTIMATES THE COST OF ATTENDING SETON HILL UNIVERSITY BY ADDING TUITION, ROOM, BOARD AND FEES PLUS AN ESTIMATE FOR BOOKS, SUPPLIES, TRANSPORTATION FROM HOME TO SCHOOL AND PERSONAL EXPENSES. THE AMOUNT OF FINANICAL AID AN APPLICANT RECEIVES IS BASED ON THE DIFFERENCE BETWEEN THE TOTAL COSTS AND THE AMOUNT THE STUDENT AND FAMILY ARE ABLE TO CONTRIBUTE TOWARD COSTS AS DETERMINED BY THE NEEDS ANALYSIS FORM. X 1 1 X X X X X 0 1 0 0 0 0 0 1 0 JOANNE BOYLE 241698 0 40800 0 13970 0 69600 0 13803 0 379871 0 40800 0 PAUL ROMAN 159689 0 14935 0 0 0 82949 0 13146 0 270719 0 14935 0 MARY ANN GAWELEK 144152 0 13987 0 1277 0 35489 0 13553 0 208458 0 13987 0 CHRISTINE MUESELER 125054 0 11246 0 1388 0 28789 0 5485 0 171962 0 11246 0 DONALD J RINCHUSE 165684 0 0 0 0 0 8333 0 5147 0 179164 0 0 0 DANIEL J RINCHUSE 155684 0 0 0 0 0 7833 0 18974 0 182491 0 0 0 PHILIP KOMONARY 103549 0 10500 0 2837 0 19350 0 14991 0 151227 0 10500 0 PART I, LINE 1A THE UNIVERSITY PAYS FOR CLUB DUES ON BEHALF OF THE PRESIDENT TO NETWORK WITH UNIVERSITY BUSINESS ASSOCIATES, ALUMNI AND DONORS. PURSUANT TO THE UNIVERSITY'S EMPLOYEE EXPENSE REIMBURSEMENT POLICY, DR. BOYLE ACCOUNTS FOR ALL BUSINESS AND PERSONAL USE. PART I, LINE 4B PAUL ROMAN - $52,754; MARY ANN GAWELEK - $7,530. PART I, LINE 7 PURSUANT TO A WRITTEN EMPLOYMENT CONTRACT, THE PRESIDENT AND VICE PRESIDENTS OF THE UNIVERSITY PARTICIPATE IN AN ANNUAL VARIABLE COMPENSATION PROGRAM. PAYMENTS ARE CONTINGENT ON THE ACHIEVEMENT OF ATTAINABLE BUSINESS PERFORMANCE OBJECTIVES ESTABLISHED BY THE COMPENSATION COMMITTEE. A PORTION OF THE AMOUNT DISCLOSED AS DEFERRED COMPENSATION IN PART II, COLUMN C, REPRESENTS AN ACCRUAL ATTRIBUTABLE TO THE VARIABLE COMPENSATION PROGRAM. SUPPLEMENTAL INFORMATION PART III THE INDIVIDUALS LISTED IN PART II RECEIVED A VARIABLE COMPENSATION PROGRAM PAYMENT WHICH WAS ACCRUED DURING THE FISCAL YEAR ENDED JUNE 30, 2011 AND REPORTED ON THE 2010 FORM 990, SCHEDULE J, PART II, COLUMN C. THESE AMOUNTS WERE REPORTED ON THE 2011 FORM W-2 AND ARE DISCLOSED ON SCHEDULE J, PART II, COLUMN (B)(II) AND COLUMN F. LATROBE INDUSTRIAL DEVELOPMENT AUTHORITY 251763674 2004-04-05 8500000 TO FINANCE NEW DORMITORY, ATHLETIC FIELDS AND PARKING LOT 0 0 0 LATROBE INDUSTRIAL DEVELOPMENT AUTHORITY 251763674 2005-06-28 8700000 NEW RESIDENCE HALL, & FIELD HOUSE PARKING LOT RESURFACE, BLDG RENOVATIONS 0 0 0 LATROBE INDUSTRIAL DEVELOPMENT AUTHORITY 251763674 2006-12-19 8000000 TO FINANCE PERFORMING ARTS CENTER 0 0 0 WESTMORELAND INDUSTRIAL DEVELOPMENT AUTHORITY 251433993 2009-02-06 1200000 TO FINANCE PERFORMING ARTS CENTER 0 0 0 8402506 97494 8402506 2005 0 0 0 1 8700000 86942 8613058 2006 0 0 0 1 8000000 73867 7926133 2010 0 0 0 0 1200000 24000 1176000 2010 0 0 0 0 0 0 0 0 0.00000 0.00000 0.00000 1 0 0 0 0 0.00000 0.00000 0.00000 1 0 0 0 0 0.00000 0.00000 0.00000 1 0 0 0 0 0.00000 0.00000 0.00000 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 WESTMORELAND INDUSTRIAL DEVELOPMENT AUTHORITY 251433993 2009-06-18 366394 TO PURCHASE STEINWAY PIANOS 0 0 0 366394 366394 2009 0 0 0 0 0 0 0 0 0.00000 0.00000 0.00000 1 0 0 0 0 0 0 X 3 33211 FAIR MARKET VALUE X ORTHODONTIC SUPPLIES/EQUIPMENT 3 41071 FAIR MARKET VALUE 0 0 1 1 THIRD PARTY USE: PART I, LINE 32B: THE UNIVERSITY UTILIZED AN UNRELATED THIRD PARTY BROKERAGE FIRM TO SELL PUBLICLY TRADED SECURITIES. FORM 990, PART VI, SECTION A, LINE 7A THE BOARD OF TRUSTEES SHALL CONSIST OF AT LARGE AND SISTERS OF CHARITY TRUSTEES, WHICH TOGETHER SHALL EQUAL THE TOTAL NUMBER OF TRUSTEES, ONE-THIRD (1/3) OF THE TOTAL NUMBER OF TRUSTEES SHALL BE SISTERS OF CHARITY. THIS ONE-THIRD (1/3) SHALL INCLUDE THE FIVE COUNCIL TRUSTEES, WHO WILL NOMINATE THE REMAINING SISTERS OF CHARITY TRUSTEES. FORM 990, PART VI, SECTION A, LINE 7B THE COUNCIL OF TRUSTEES SHALL RESERVE TO THEMSELVES THE FOLLOWING POWERS: (1) APPROVAL OF ANY CHANGES THAT AFFECT THE MISSION, PHILOSOPHY AND IDENTITY OF SETON HILL UNIVERSITY AS A CATHOLIC UNIVERSITY IN THE TRADITIONS OF THE SISTERS OF CHARITY OF SETON HILL; (2) APPROVAL OF ALL AMENDMENTS, MODIFICATIONS, RESTATEMENTS, OR CHANGES IN THE ARTICLES OF INCORPORATION AND BYLAWS OF SHU; (3) APPROVAL OF PLEDGES, ENCUMBRANCES, MORTGAGE OF ASSETS AND LONG-TERM INDEBTEDNESS IN EXCESS OF $3 MILLION, AND APPROVAL OF THE LEASE, SALE, JOINT VENTURE OR AFFILIATION OF SETON HILL UNIVERSITY; AND (4) THE DISSOLUTION OF SHU AND THE DETERMINATION OF THE DISTRIBUTION OF ASSETS UPON DISSOLUTION. FORM 990, PART VI, SECTION B, LINE 11 THE FORM 990 IS FIRST REVIEWED BY FINANCE MANAGEMENT AND THE UNIVERSITY'S PRESIDENT AND THEN DISTRIBUTED TO THE FINANCE AND BUSINESS AFFAIRS COMMITTEE OF THE BOARD OF TRUSTEES FOR FINAL REVIEW. A COMPLETE COPY IS PROVIDED TO THE BOARD PRIOR TO FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C CONFLICTS NOTED BY BOARD MEMBERS ARE REPORTED TO THE COMMITTEE ON BOARD RELATIONS. CONFLICTS NOTED BY EMPLOYEES ARE REPORTED TO THE HUMAN RESOURCE COMMITTEE ON CONFLICTS OF INTEREST. BOTH COMMITTEES REVIEW THE REPORTED CONFLICT AND TAKE THE APPROPRIATE ACTION AS WARRANTED BY THE SITUATION. THE UNIVERSITY HAS A FORMAL POLICY IN THEIR BYLAWS REGARDING ANY CONFLICTS OF INTEREST THAT MAY EXIST WITHIN ITS GOVERNING BODY. AT THIS TIME THE UNIVERSITY IS ONLY AWARE OF ONE TRUSTEE WHO HAS A CONFLICT. THE TRUSTEE ABSTAINS FROM VOTING ON ALL MATTERS RELATED TO THE CONFLICT. FORM 990, PART VI, SECTION B, LINE 15 THE UNIVERSITY HAS A COMPENSATION COMMITTEE THAT ESTABLISHES THE PRESIDENT'S COMPENSATION. FOR THE CURRENT FISCAL YEAR, THE COMMITTEE CONTRACTED THE SERVICES OF AN INDEPENDENT CONSULTANT TO ASSIST WITH THE DETERMINATION OF COMPENSATION. THE COMPENSATION COMMITTEE, HOWEVER, INDEPENDENTLY APPROVED AND AWARDED THE FINAL COMPENSATION PACKAGE. FORM 990, PART VI, SECTION C, LINE 19 THE UNIVERSITY MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART VII, TRUSTEE EMERITUS: THE FOLLOWING MEMBERS SERVE ON THE SETON HILL UNIVERSITY BOARD OF TRUSTEES AS TRUSTEE EMERITI BUT HAVE NO VOTING POWERS AT THE MEETINGS OF THE BOARD OF TRUSTEES: JEAN AUGUSTINE, S.C., THE MOST REV. ANTHONY G. BOSCO, B. PATRICK COSTELLO, MARY L. COSTELLO, LOUIS A. CRACO, ROBERT H. DAVIS, ROSEMARY DONLEY, S.C., JOHN R. ECHEMENT, FREDERICK FAVO, MARCIA M. GUMBERG, MAUREEN HALLORAN, S.C., COLETTE HANLON, S.C., DONALD M. HENDERSON, JOHN L. HOLLOWAY, PATRICE HUGHES, S.C., LUCY LOPEZ-ROIG, CHARLES M. LYNCH, III, JEREMY MAHLA, S.C., MARY JUDE MCCOLLIGAN, S.C., ARTHUR H. MEEHAN, MARLENE MONDALEK, S.C, DONALD I. MORITZ, MARY JO MUTSCHLER, S.C., BARBARA NAKLES, MAUREEN O'BRIEN, S.C., ELLENITA M. O'CONNOR, S.C., PAUL M. POHL, MARC ROBERTSHAW, ARTHUR J. ROONEY, JR., RALPH A. SCALISE, ANITA SCHULTE, S.C., CLAYTON A. SWEENEY, LAWRENCE WERNER, JOSEPH WHITESIDE. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED LOSSES ON INVESTMENTS: -1,169,204. INTERCOMPANY ADJUSTMENT -113,960. TOTAL TO FORM 990, PART XI, LINE 5: -1,283,164. FORM 990, PART XII, QUESTION 2C, OVERSIGHT OF FINANCIAL STATEMENT AUDIT: ANNUALLY, THE FINANCE AND BUSINESS AFFAIRS COMMITTEE OF THE BOARD OF TRUSTEES, ENGAGES THE SERVICES OF AN INDEPENDENT CERTIFIED PUBLIC ACCOUNTING (CPA) FIRM TO CONDUCT AN AUDIT AND ISSUE AN OPINION ON THE UNIVERSITY'S FINANCIAL STATEMENTS. THE CPA FIRM REPORTS THE RESULTS OF THEIR FINDINGS AND ISSUES THEIR AUDITED FINANCIAL STATEMENTS TO THE COMMITTEE. THIS PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. SETON HILL PROPERTIES ONE SETON HILL DRIVE GREENSBURG PA 15601 020790268 ORGANIZED TO CARRY OUT THE PURPOSES OF SETON HILL UNIVERSITY. PA 501(C)(3) 509(A)(3) TYPE I SETON HILL UNIVERSITY 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 SETON HILL PROPERTIES ONE SETON HILL DRIVE GREENSBURG PA 15601 020790268 0 0 0 15 15 3 1 0 0 0