2013-05-02T16:29:23-05:00 2012-06-30 GRANT THORNTON LLP 2001 MARKET STREET SUITE 3100 PHILADELPHIA PA 19103 990 2011-07-01 231352648 IMMACULATA UNIVERSITY % JENNIFER SAUER IMMA 6106474400 CATHOLIC CONFERENCE IMMACULATA PA 193450631 Jennifer Sauer 2013-05-01 true 2155614200 2011 2016-03-07 17:11:31Z Sister Patricia Fadden 1145 King Rd Immaculata PA 19345 67707550 false X WWW.IMMACULATA.EDU X 1946 PA THE UNIVERSITY OFFERS UNDERGRADUATE AND GRADUATE PROGRAMS DIRECTED PRIMARILY TOWARD LIBERAL AND PROFESSIONAL EDUCATION. PLEASE SEE ATTACHMENT 2 FOR FURTHER DETAILS ON THE UNIVERSITY'S MISSION. 30 30 2096 80 -58 -58 2787001 3528515 61101571 62525977 872409 956835 182305 418677 64943286 67430004 12073736 12483225 0 0 26932776 29072668 0 0 1062291 22776707 23476854 61783219 65032747 3160067 2397257 90976263 91947777 53240738 54026050 37735525 37921727 X Immaculata University (the University) is a Catholic educational institution founded for women in 1920 by the Sisters, Servants of the Immaculate Heart of Mary (the Congregation). The University offers undergraduate and graduate programs directed primarily toward liberal and professional education. Effective fall 2005, the University expanded its market in higher education to include both men and women in its traditional undergraduate program. The University offers courses in distance and online instruction in addition to on campus and off site graduate and undergraduate programs serving the adult learner. The University, to attain the goal of developing the whole person of any faith within a Catholic community, encourages the student to see in liberal education an integrative process contributing to the formation of a truly educated person: value oriented and committed to seeking the truth, promoting justice, and fostering peace. false false 41154937 12215825 56349631 To educate and provide related services to students. In the fall of 2011, this program benefitted 4,311 students, of whom 2,853 were enrolled full time. In the spring of 2012, this program benefitted 4,210 students, 2,772 of whom were enrolled full time. This program also contributed toward the graduation of 947 students. 4168046 161400 3186210 To provide living quarters for students. On an annualized basis, this program benefitted 476 students. 3160939 106000 2306561 To provide meals to students. On an annualized basis, this program benefitted 482 students. 343349 Food Service- Catering 247192 Food Service- Cash Receipts 86003 Bookstore Commission 7031 Vending and Non Credit Workshops 683575 48483922 true true false true false false false false false true true false false false true true true false true false false false false false true false false false true true true false false false false false false false false false false true false false false true true false false false false true 89 0 true 2096 true false false false false false true true false false false false X 30 30 false false true false false false false true true false false true true true true false true true true false PA X JENNIFER SAUER 6106474400 1145 KING RD IMMACULATA PA 19345 Sister Lorraine McGrew IHM 2.0 X 0 0 0 Sister Mary Anne Bednar IHM 2.0 X 0 0 0 Peggy A Behm 2.0 X 0 0 0 Phyllis Bellopede 2.0 X 0 0 0 Sister Elaine de Chantal Brookes IH 2.0 X 0 0 0 Sister Patricia Dailey IHM 2.0 X 0 0 0 Sister Carolyn M Dimick IHM 2.0 X 0 0 0 Frank A Farnesi 2.0 X 0 0 0 Sister Anita Patrick Gallagher IHM 2.0 X 0 0 0 Sister Marie Esther Hart IHM 2.0 X 0 0 0 Charles Kerrigan 2.0 X 0 0 0 Marion A McGowan 2.0 X 0 0 0 Sister Eileen M McGuigan IHM 2.0 X 0 0 0 Sister Anne B McGuire IHM 2.0 X 0 0 0 Sister Patricia Mengel IHM 2.0 X 0 0 0 Sister Joanne Ralph IHM 2.0 X 0 0 0 Maryann Hammeke Romeo 2.0 X 0 0 0 Sister Joan Rychalsky 2.0 X 0 0 0 Joseph F Wusinich III 2.0 X 0 0 0 A J Gabriele 2.0 X 0 0 0 The Honorable Thomas A Pitt Jr 2.0 X 0 0 0 Edward Roach 2.0 X 0 0 0 Sister Donna Shallo IHM 2.0 X 0 0 0 Sister Mary Smith IHM 2.0 X 0 0 0 BARBARA LETTIERE 2.0 X 0 0 0 MAUREEN H MCCULLOUGH 2.0 X 0 0 0 SISTER RITA JAMES MURPHY IHM 2.0 X 0 0 0 Brian G McElwee 2.0 X 0 0 0 Bernadette Maguire 2.0 X 0 0 0 Mimi Draper-Walsh 2.0 X 0 0 0 James Gabriele 2.0 X 0 0 0 Thomas Cancelmo 2.0 X 0 0 0 Rev T Christopher Redcay 2.0 X 0 0 0 STEPHEN PUGLIESE 40.0 X 133320 0 16836 ROBERT COLE 40.0 X 156938 0 18372 SISTER R PATRICIA FADDEN 40.0 X 0 0 0 SISTER ANN HEATH 40.0 X 0 0 0 SISTER MARIE HUBERT KEALY IHM 40.0 X 0 0 0 Jennifer Sauer 40.0 X 50497 0 41887 JANET FENTON KANE 40.0 X 115613 0 29530 KEVIN MCINTYRE 40.0 X 124440 0 50856 JED YALOF 40.0 X 121894 0 31261 FRANCIS MARTIN 40.0 X 114029 0 15104 Philip Hubbard 40.0 X 111375 0 15183 THOMAS J FORD 40.0 X 162902 0 18042 THERESA GRENTZ 40.0 X 269780 0 22992 1360788 0 260063 14 true true false ARAMARK CORPORATION PO BOX 198532 ATLANTA GA 303848532 SERV/FAC MGMT 3506104 STUMPO CONSTRUCTION INC 10 COLWELL LANE SUITE 100 CONSHOHOCKEN PA 19428 CONSTRUCTION 451483 Ellucian Company 2300 Maitland Center Pkwy MAITLAND FL 32751 Consultant 2773197 RC Legini Company Inc 46 Pennsylvania Avenue MALVERN PA 19335 Construction Mgmt 1559654 MTD Construction Co 212 Camars Drive WARMINSTER PA 18974 Construction 525742 18 45678 1385376 2097461 175529 3528515 TUITION/FEES 900099 56349631 56349631 RESIDENT HALLS 900099 3186210 3186210 STUDENT BOARD PLAN 900099 2306561 2306561 FOOD SVCS-CATERING 900099 343349 343349 IU CASH RECEIPTS 900099 247192 247192 93034 93034 62525977 956835 -58 956893 0 0 274346 30978 243368 243368 243368 0 246568 45678 246568 0 0 0 FORFEIT STUDENT DEPOSITS 900099 29302 29302 TRANSCRIPT INCOME 900099 20822 20822 PARKING FEE/PERMITS 812930 51875 51875 73310 73310 175309 67430004 62701286 -58 1200261 0 12483225 12483225 0 0 534917 159135 375782 0 21505680 17060556 3811380 633744 1039242 739833 259458 39951 4367494 3060218 1207672 99604 1625335 1330205 237924 57206 0 174615 174615 106870 106870 0 0 0 4181549 2708875 1393256 79418 1001663 146866 854797 5992527 4446449 1444949 101129 3769957 3769957 0 0 400091 266091 98827 35173 0 0 2077709 1599836 477873 0 4497138 3462796 1034342 471342 376247 95095 EQUIPMENT RENTAL & MAINT. 622348 508670 105682 7996 SISTERS RESIDENCE EXPENSE 181045 134920 38055 8070 65032747 48483922 15486534 1062291 4415475 2251668 0 0 132712 63469 2012257 2375689 0 0 0 0 520022 494258 0 0 786757 1071326 123098966 61632004 59371564 61466962 23041495 23574884 0 0 0 0 0 0 695981 649521 90976263 91947777 3179898 3744663 0 0 3377454 3281432 36552515 35705818 0 0 0 0 7573301 8267019 0 0 2557570 3027118 53240738 54026050 X 22859277 24088162 8428618 7047237 6447630 6786328 37735525 37921727 90976263 91947777 X 2397257 -2211055 X false true true X true true X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false false false false false false false false true 34200 34200 false SCHEDULE C, PART B-II LINE 1I Bigley & Blikle, LLC worked with Immaculata University as consultants to keep the University aware of grant and funding opportunities. Bigley & Blikle also assisted Immaculata University in conducting social meetings with state representatives to make them more familiar with Immaculata Univeristy in order to promote the University to receive funds that were already available. To coordinate these efforts, Bigley & Blikle worked with specific state legislators to assist the University in obtaining such funds. Immaculata University did not attempt to influence legislation during the 2012 fiscal year. 14732085 359684 -242809 216235 487147 14145578 12499547 230185 2661982 186113 473516 14732085 11291751 263676 1566660 162879 459661 12499547 14746735 80741 -2850614 218000 467111 11291751 0.39130 0.60870 false false 212719 212719 89313908 40071714 49242194 4085479 4085479 29486860 21560290 7926570 0 0 61466962 0 CONDITIONAL ASSET RETIREMENT 1728251 STUDENT DEPOSITS 367802 SWAP AGREEMENTS 931065 3027118 67430004 65032747 2397257 -1746055 -1746055 651202 54905716 -1746055 1671791 30978 -43286 54949002 12481002 12481002 67430004 54254514 1671791 30978 1702769 52551745 12481002 12481002 65032747 SCHEDULE D, PART V, LINE 4 The University's endowment consists of approximately 43 individual funds established for a variety of purposes including scholarships, faculty development and general operations. SCHEDULE D, PART X: FIN 48 Disclosure The University is qualified as a not-for-profit organization under Section 501(c)(3) of the Internal Revenue Code, as amended. Accordingly, the University is not subject to income taxes except to the extent it has taxable income from activities that are not related to its exempt purpose. The University recognizes the effect of income tax provisions, if any, only if those positions are more likely than not of being sustained. No provision for income taxes was required for fiscal year 2012. SCHEDULE D, PART XII, LINE 2D RENTAL EXPENSE $ 30,978 SCHEDULE D, PART XII, LINE 4B SCHOLARSHIP TUITION DISCOUNT $12,213,602 RESIDENT ASSISTANT DISCOUNTS $ 267,400 ----------- $12,481,002 SCHEDULE D, PART XIII, LINE 2D RENTAL EXPENSE RECLASSED TO REVENUE $ 30,978 SCHEDULE D, PART XIII, LINE 4B SCHOLARSHIP TUITION DISCOUNT $12,213,602 RESIDENT ASSISTANT DISCOUNTS $ 267,400 ----------- $12,481,002 true true true true true true true false false false false false false false false true false true Part I, Line 3 THE UNIVERSITY PROVIDES A STATEMENT IN ALL PUBLICATIONS REGARDING ITS NONDISCRIMINATORY POLICY. Part I, Line 6 FEDERAL AND STATE GRANTS Golf Tournament 84231 29000 55231 0 0 22525 111 0 32595 MMWP 205559 14222 191337 0 0 79157 56250 500 55430 1 2456 2456 0 0 0 0 0 0 292246 45678 246568 0 0 101682 56361 500 88025 246568 true SCHOLARSHIPS TO VARIOUS STUDENTS 1078 12483225 FMV SCHOLARSHIPS/FIN AID Schedule I, Part I, Line 2 GRANTS ISSUED BY IMMACULATA UNIVERSITY ARE PRIMARILY IN THE FORM OF SCHOLAYSHIP AND GRANTS AWARDED AS PART OF FINANCIAL AID. FINANCIAL AID GRANTS AWARDED TO STUDENTS ARE DIRECTLY APPLIED BY THE UNIVERSITY TO OFFSET BILLED AMOUNTS (I.E. TUITION) ON THE STUDENT'S ACCOUNT, THEREBY REDUCING THE NET BALANCE DUE TO THE UNIVERSITY. STUDENTS RECEIVING SCHOLARSHIPS ARE ASSESSED ON THE BASIS OF ACADEMIC ACHIEVEMENTS, FINANCIAL NEEDS, AND SIMILAR STANDARDS. true false false false false false false false false THOMAS J FORD 162902 0 11490 0 6980 0 181372 0 THERESA GRENTZ 114280 0 155500 8527 0 14985 0 293292 0 STEPHEN PUGLIESE 133320 0 9021 0 8760 0 151101 0 ROBERT COLE 156938 0 10986 0 7982 0 175906 0 KEVIN MCINTYRE 124440 0 8766 0 50856 0 184062 0 JED YALOF 121894 0 7252 0 24561 0 153707 0 Schedule J, Line 4a Severence Payments Theresa Grentz received a severance payment in October 2011 in the amount of $155,500. Chester County Health & Ed Facilities Au 232265260 1655790P5 2005-06-26 23128100 Campus renovations and upgrades false false false Chester County Health & Ed Facilities Au 232265260 2010-12-15 14165797 Current refunding, est debt servic false false false 0 0 22773035 1841000 2282832 0 685133 0 0 19144676 0 0 2007 false false true true 0 0 14161736 500000 0 0 195939 0 0 0 13465797 0 true false true true false false false false 0 true 0 true false false 0 true AG Matched Funding 3. true false false false true true PNC Bank NA 4.19 0 X 6 175529 FMV false false false PART VI, LINE 4 SIGNIFICANT CHANGES TO ORGANIZATIONAL DOCUMENTS In April 2012, the bylaws of Immaculata University were changed to state that the Chair of the Board of Trustees will be assumed by a member of the lay community, elected by the Board of Trustees. Prior to this change, the Chair of Board of Trustees has been the General Superior of the Sisters, Servants of the Immaculate Heart of Mary (IHM). The change to bylaws also state that the General Superior will become the Vice-Chair of the Board. PART VI, LINE 11A REVIEW OF FORM 990 AN INDEPENDENT TAX PREPARATION FIRM IS ENGAGED TO ASSIST IN COMPILING FORM 990 WITH DATA PROVIDED FROM THE BUSINESS OFFICE. UNIVERSIY MANAGEMENT REVIEWS THE FORM 990 FOR COMPLETENESS AND ACCURACY. PRIOR TO FILING, MANAGEMENT PRESENTS THE FORM 990 TO THE AUDIT COMMITTEE OF THE BOARD OF TRUSTEES. FORM 990 IS REVIEWED AND SIGNED BY THE VICE PRESIDENT FOR FINANCE & ADMINISTRATION. PART VI, LINE 15A PROCESS FOR DETERMINING COMPENSATION OF PRESIDENT OF UNIVERSITY: SISTER PATRICIA FADDEN, IHM, PRESIDENT OF IMMACULATA UNIVERSITY IS A MEMBER OF THE SISTERS, SERVANTS OF THE IMMACULATE HEART OF MARY RELIGIOUS CONGREGATION AND DOES NOT RECEIVE COMPENSATION FOR THIS SERVICE IN KEEPING WITH HER STATED VOW OF POVERTY. PART VI, LINE 15B PROCESS FOR DETERMINING COMPENSATION THE COMPENSATION OF ALL OFFICERS OF THE UNIVERSITY IS REVIEWED AND APPROVED ANNUALLY BY THE BOARD OF TRUSTEES. SALARY DATA IS GATHERED FROM INDUSTRY PUBLICATIONS, HIGHER EDUCATION ASSOCIATIONS AND PEER UNIVERSITIES TO BENCHMARK COMPENSATION ON AN ANNUAL BASIS. COMPENSATION IS SET WITHIN THE constraints OF THE BOARD OF TRUSTEES' APPROVED OPERATING BUDGET. Salary data is gathered from CUPA and NACUBO and is used to establish benchmarks for university executive administrators. This process was last undertaken for the fiscal year 2010-2011. Part VI, Line 12c CONFLICT OF INTEREST POLICY THE BOARD OF TRUSTEES AND OFFICERS ARE REQUIRED TO COMPLETE AN ANNUAL CONFLICT OF INTEREST STATEMENT AND SUBMIT SUCH STATEMENT TO THE UNIVERSITY PRESIDENT. THE PRESIDENT REVIEWS THOSE STATEMENTS FOR POTENTIAL CONFLICTS. THE DISCLOSURE STATEMENT ALSO REQUIRES ALL MEMBERS TO NOTIFY THE UNIVERSITY PRESIDENT PROMPTLY OF ANY ACTUAL, APPARENT, OR POTENTIAL CONFLICT OF INTEREST AS IT ARISES, SO THAT IT CAN BE ADDRESSED IMMEDIATELY. SHOULD THERE BE A CONFLICT OF INTEREST ANY AFFECTED TRUSTEE OR OFFICER SHALL REFRAIN FROM ANY CONSIDERATION OF, OR ACTION UPON, THE TRANSACTION OR PROPOSED TRANSACTION. PART VII & SCHEDULE J COMPENSATION OF MEMBERS OF RELIGIOUS ORDER THE FOLLOWING TRUSTEES OF IMMACULATA UNIVERSITY'S BOARD OF TRUSTEES ARE MEMBERS OF THE SISTERS, SERVANTS OF THE IMMACULATE HEART OF MARY RELIGIOUS CONGREGATION AND DO NOT RECEIVE COMPENSATION FOR THIS SERVICE IN KEEPING WITH THEIR STATED VOW OF POVERTY: Sister Lorraine McGrew, IHM Sister Mary Anne Bednar, IHM Sister Elaine De Chantal Brookes, IHM Sister Patricia Dailey, IHM Sister Carolyn M. Dimick, IHM Sister Anita Patrick Gallagher, IHM Siter Marie Esther Hart, IHM Sister Eileen M. McGuigan, IHM Sister Anne B. McGuire, IHM Sister Patricia Mengel, IHM Sister Joanne Ralph, IHM Sister Joan Rychalsky, IHM Sister Donna Shallo, IHM Sister Mary Smith, IHM Sister Rita James Murphy, IHM THE FOLLOWING OFFICERS OF IMMACULATA UNIVERSITY ARE MEMBERS OF THE SISTERS, SERVANTS OF THE IMMACULATE HEART OF MARY RELIGIOUS CONGREGATION AND DO NOT RECEIVE COMPENSATION FOR THIS SERVICE IN KEEPING WITH THEIR STATED VOW OF POVERTY: Sister Patricia Fadden, IHM - President Sister Ann Heath, IHM - Vice President, Academic Affairs Sister Marie Hubert Kealy, IHM - Secretary PART VI, LINE 19 PUBLIC AVAILABILITY OF GOVERNING DOCUMENTS, COI POLICY, AND FINANCIALS THE UNIVERSITY'S GOVERNING DOCUMENTS, CONFILIC OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. RECONCILIATION TO NET ASSETS PART XI, LINE 5 Unrealized Loss on Investments $(1,174,200) Unrealized Loss on Swap Agreement $ (571,855) Proir Period Adjustment $ (465,000) ---------- $(2,211,055) Schedule K, Part I Column (e), LINE A ISSUE PRICE $23,128,100 DEPOSIT TO RESERVE FUND 2,000,000 INTEREST OF DEBT SERVICE RESERVE FUND 102,361 COST OF ISSUE DEDUCTED FROM PROCEEDS AT CLOSING (457,415) ------------ PART II, LINE 3 24,773,035 Schedule K, Part I Column (e), Line B ISSUE PRICE $14,165,797 ISSUE COSTS OVERESTIMATED ON FORM 8036 (4,061) ------------ PART II, LINE 3 14,161,736 SISTERS SERVANTS OF IHM VILLA MARIA GENERALATE 1140 KING RD IMMACULATA PA 19345 231352569 Religious PA 501(c)(3) 2 NA false ENSERV INC PO BOX 665 IMMACULATA PA 19345 232731906 WATER TREAT. PA 501(c)(3) 2 IMMACULTA true false false true false false false false false false false false false false false false false true false SISTERS SERVANTS OF IHM Q 225690 INTEREST SISTERS SERVANTS OF IHM Q 367174 INSURANCE