2013-05-13T12:59:57-05:00 2012-06-30 263753134 CBIZ TOFIAS 500 BOYLSTON STREET BOSTON MA 02116 990 2011-07-01 010212542 TRUSTEES OF SAINT JOSEPH'S COLLEGE SAINT JOSEPH'S COLLEGE OF MAINE TRUS 2078926766 278 WHITES BRIDGE ROAD STANDISH ME 040845263 DR JAMES DLUGOS 2078926766 2013-05-08 1 JOSEPH M GISO MST P00030126 6177610600 2013-05-08 2011 2016-02-24 21:20:13Z DR JAMES DLUGOS 278 WHITES BRIDGE ROAD STANDISH ME 040845263 53652836 0 X WWW.SJCME.EDU X 1955 ME HIGHER EDUCATION INSTITUTION OFFERING LIBERAL ARTS EDUCATION ON A FULL AND PART TIME BASIS TO MALE AND FEMALE STUDENTS. THE INSTITUTION ALSO OFFERS AN ON-LINE EDUCATION PROGRAM FOR BACHELORS AND MASTERS DEGREES THROUGH HOME STUDY. 20 20 1070 0 119289 -68489 3364832 2921973 42176499 45066211 -61702 593986 1232797 1332478 46712426 49914648 13279603 13891501 0 0 19233965 20443270 0 0 576523 12654217 13976001 45167785 48310772 1544641 1603876 60566449 61866018 29591044 29703516 30975405 32162502 X ROOTED IN AND PROFESSING FIDELITY TO THE TEACHINGS OF JESUS CHRIST AND THE DOCTRINES AND HERITAGE OF THE ROMAN CATHOLIC CHURCH, SAINT JOSEPH'S COLLEGE, SPONSORED BY THE SISTERS OF MERCY, IS A LIBERAL ARTS COLLEGE THAT NURTURES INTELLECTUAL, SPIRITUAL AND SOCIAL GROWTH IN STUDENTS OF ALL AGES AND ALL FAITHS WITHIN A VALUE CENTERED ENVIRONMENT. 0 0 38425000 13891501 35961311 HIGHER EDUCATION INSTITUTION OFFERING SMALL CLASSES WITH AN UP-CLOSE AND PERSONAL LEARNING ENVIRONMENT. -MORE THAN 40 MAJORS, MINORS, AND PARTNERSHIP PROGRAMS -CLASSES OF JUST SIX STUDENTS ARE NOT UNUSUAL -AVERAGE CLASS SIZE OF 17 -STUDENT FACULTY RATIO 14:1 -FIRST-YEAR STUDENTS MEET WITH A FACULTY MENTOR -PROFESSORS WILL GET TO KNOW YOU AND INSPIRE YOU 6578852 9104900 ON-LINE EDUCATION, OFFERED THROUGH THE DIVISION OF GRADUATE & PROFESSIONAL STUDIES INCLUDES: -MASTER'S DEGREES -BACHELOR'S DEGREES -ASSOCIATE DEGREES -CERTIFICATE PROGRAMS -CONTINUING EDUCATION COURSES 45003852 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 4292 0 1 1070 1 1 1 0 0 0 0 0 0 0 0 0 X 20 20 0 0 0 0 0 1 1 1 1 0 0 1 0 0 0 0 0 0 X X MS HOLLY BRALEY 2078937736 278 WHITES BRIDGE ROAD STANDISH ME 04084 SR JOANNE BIBEAU RSM 2.00 X 0 0 0 CLAIRE FRASER BOWEN 2.00 X X 0 0 0 PARICK CAREY 2.00 X 0 0 0 SR LAURA DELLA SANTA RSM 2.00 X 0 0 0 THOMAS DRISCOLL 2.00 X 0 0 0 GREGORY DUFOUR 2.00 X 0 0 0 JOSEPH GALLAGHER 2.00 X 0 0 0 MATTHEW GINNETTY 2.00 X X 0 0 0 LEE M KENNEDY 2.00 X 0 0 0 BRO WILLIAM C LAMBERT FMS 2.00 X 0 0 0 SISTER JOYCE MAHANEY 2.00 X 0 0 0 MOST REV RICHARD JOSEPH MALONE 2.00 X 0 0 0 MATTHEW MONAGHAN 2.00 X 0 0 0 SR MARY MOREY RSM 2.00 X 0 0 0 MICHAEL T SHEA 2.00 X 0 0 0 MEREDITH TIPTON 2.00 X 0 0 0 SR ELLEN TURNER RSM 2.00 X X 0 0 0 GARRETT VANATTA 2.00 X 0 0 0 MARTIN J WHITE 2.00 X 0 0 0 KENNETH LEMANSKI 2.00 X X 53998 0 0 PHILIP A YAUCH 35.00 X 127494 0 27757 E JOSEPH LEE III 35.00 X 205075 0 26526 RANDALL KRIEG 35.00 X 130291 0 63019 SR KATHLEEN SULLIVAN 35.00 X 0 0 0 LYNN OLSON 35.00 X 110112 0 30012 JANET LAFLAMME 35.00 X 108235 0 24578 DANIEL SHERIDAN 35.00 X 134676 0 49362 JOHN ZERILLO 35.00 X 113807 0 26786 REIS HAGERMAN 35.00 X 123431 0 37683 1107119 0 285723 9 0 1 0 BON APPETIT PO BOX 91337 CHICAGO IL 60693 FOOD SERVICES 2058257 CGLIC CIGNA HEALTHCARE PITTSBURGH PA 15264 FINANCIAL SERVICES 2025252 US BANK CORPORATE TRUST SDS 12-2302 MINNEAPOLIS MN 55486 FINANCIAL SERVICES 1844934 NEW ENGLAND COMMUNICATIONS 480 RIVERSIDE ST PORTLAND ME 04103 TELECOMMUNICATION 816165 DIXON BROTHERS PO BOX 402 BANGOR ME 04402 FUEL OIL & SERVICES 517473 13 2251479 670494 2921973 TUITION AND FEES 611710 37274759 37274759 RESIDENCE AND DINING 721310 7791452 7791452 45066211 368250 368250 3963924 3738188 225736 225736 225736 SPORTS AND RECREATION 713940 119289 119289 1213189 1213189 1332478 49914648 45066211 119289 1807175 10406 10406 13881095 13881095 649003 649003 15991552 14392397 1279324 319831 542945 488650 43436 10859 2134415 1920974 170753 42688 1125355 1012820 90028 22507 87328 87328 43750 43750 79060 75107 3953 1125725 1048126 64211 13388 1465129 1318616 117210 29303 1109781 1016361 74864 18556 78573 78573 1914507 1723056 153161 38290 510237 459213 40819 10205 1033889 930500 82711 20678 1913410 1722069 153073 38268 221186 210127 11059 FOOD SERVICES 1935554 1935554 LICENSES/MEMBERSHIPS 486313 486313 MAINTENANCE CONTRACTS 222345 222345 BAD DEBT EXPENSE 187207 187207 1562007 1235340 314717 11950 48310772 45003852 2730397 576523 627193 701009 3366244 3599590 48113 899 912383 1156683 2126926 2085275 1314269 1335163 60135497 21790371 38295637 38345126 12470687 12994942 192666 85511 1212331 1561820 60566449 61866018 2980719 3355641 2359426 2783004 22490853 21690852 434234 11223 30582 580609 1295230 1282187 29591044 29703516 X 23923827 25230526 3304214 3035530 3747364 3896446 30975405 32162502 60566449 61866018 X 1603876 -416779 X 0 1 1 X 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 12974911 1200901 126570 106763 40622 14154997 10209461 720887 2268488 118396 105529 12974911 9534650 37583 782095 127786 17081 10209461 11397362 651541 -2217181 102800 194272 9534650 0.55920 0.27530 0.16550 0 0 1631767 1631767 47545580 14569286 32976294 9000410 5769929 3230481 1957740 1451156 506584 38345126 ADVANCES FROM FEDERAL GOVERNMENT 1243233 ANNUITIES PAYABLE 38954 1282187 49914648 48310772 1603876 -416779 -416779 1187097 35616774 -416779 -416779 36033553 13881095 13881095 49914648 34429677 0 34429677 13881095 13881095 48310772 DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: THE INTENDED USE OF THE ENDOWMENT FUNDS IS TO SUPPORT THE OPERATIONAL BUDGET'S STUDENT AID. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: THE COLLEGE ACCOUNTS FOR THE EFFECT OF ANY UNCERTAIN TAX POSITIONS BASED ON A "MORE LIKELY THAN NOT" THRESHOLD TO THE RECOGNITION OF THE TAX POSITIONS BEING SUSTAINED BASED ON THE TECHNICAL MERITS OF THE POSITION UNDER SCRUTINY BY THE APPLICABLE TAXING AUTHORITY. IF A TAX POSITION OR POSITIONS ARE DEEMED TO RESULT IN UNCERTAINTIES OF THOSE POSITIONS, THE UNRECOGNIZED TAX BENEFIT IS ESTIMATED BASED ON A "CUMULATIVE PROBABILITY ASSESSMENT" THAT AGGREGATES THE ESTIMATED TAX LIABILITY FOR ALL UNCERTAIN TAX POSITIONS. THE COLLEGE HAS IDENTIFIED ITS TAX STATUS AS A TAX EXEMPT ENTITY AND ITS DETERMINATION OF WHICH ACTIVITIES ARE RELATED AND UNRELATED AS ITS ONLY SIGNIFICANT TAX POSITIONS; HOWEVER, THE COLLEGE HAS DETERMINED THAT SUCH TAX POSITIONS DO NOT RESULT IN AN UNCERTAINTY REQUIRING RECOGNITION. THE COLLEGE IS NOT CURRENTLY UNDER EXAMINATION BY ANY TAXING JURISDICTIONS. THE COLLEGE'S FEDERAL AND STATE TAX RETURNS ARE GENERALLY OPEN FOR EXAMINATION FOR THREE YEARS FOLLOWING THE DATE FILED. PART XII, LINE 4B - OTHER ADJUSTMENTS FINANCIAL AID: 13,881,095 PART XIII, LINE 4B - OTHER ADJUSTMENTS FINANCIAL AID: 13,881,095 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 THE NONDISCRIMINATORY POLICY IS PUBLISHED THROUGH AN ACTIVE RECRUITMENT PROGRAM. BULLETINS AND EMPLOYMENT ADVERTISEMENTS ALSO INCLUDE SUCH POLICIES. EXPLANATION OF GOVERNMENT FINANCIAL ASSISTANCE SCHEDULE E, PART I, LINE 6 THE COLLEGE RECEIVED $2,108,993 IN GOVERNMENT FINANCIAL AID 1 UNH SPONSORED PROGRAMS ADMINISTRATION UNIVERSITY OF NEW HAMPSHIRE DURHAM NH 03824 026000937 501(C)(3) 10406 SUBRECIPIENT 1 0 FEDERAL 523 1828537 STATE 278 301899 COLLEGE MERIT-BASED 960 7793514 COLLEGE NEED-BASED 536 3396857 TUITION EXCHANGE & FAMILY DISCOUNTS 37 248588 DONOR RESTRICTED 127 311700 PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, PART I, LINE 2: REGARDING GRANTS TO OTHER ORGANIZATIONS: GRANT PAYMENTS TO UNIVERSITY OF NEW HAMPSHIRE ARE MADE AFTER RECEIVING A CERTIFIED INVOICE WHICH IS REVIEWED BY MANAGEMENT AND APPROVED FOR PAYMENT. REGARDING GRANTS & ASSISTANCE TO STUDENTS IN THE U.S.: THE COLLEGE DETERMINES THE STUDENTS' ELIGIBILITY PRIOR TO RELEASING THE GRANT, AND THEN MONITORS THEIR ENROLLMENT STATUS AND SATISFACTORY ACADEMIC PROGRESS. X X 1 1 X X X 1 0 0 0 0 0 0 0 0 PHILIP A YAUCH 126414 0 0 0 1080 0 26457 0 1300 0 155251 0 0 0 E JOSEPH LEE III 180400 0 0 0 24675 0 20496 0 6030 0 231601 0 0 0 RANDALL KRIEG 129211 0 0 0 1080 0 24431 0 38588 0 193310 0 0 0 DANIEL SHERIDAN 134676 0 0 0 0 0 28409 0 20953 0 184038 0 0 0 REIS HAGERMAN 122351 0 0 0 1080 0 5998 0 31685 0 161114 0 0 0 PART I, LINE 1A PART I, LINE 1A: THE COLLEGE PROVIDED A TAXABLE HOUSING ALLOWANCE BENEFIT TO DR. E. JOSEPH LEE, PRESIDENT, IN THE AMOUNT OF $15,000. THE COLLEGE PAID COUNTRY CLUB DUES FOR THE PRESIDENT AS A NONTAXABLE BENEFIT. PART I, LINE 4A E. JOSEPH LEE III RECEIVED A SEVERANCE PAYOUT IN THE AMOUNT OF $50,000 MAINE HEALTH & HIGHER ED FACILITIES AUTH - 2003 010314384 560425LU2 2003-02-07 62898646 CONSTRUCT DORM (FEENEY HALL) 0 0 1 MAINE HEALTH & HIGHER ED FACILITIES AUTH - 2003 010314384 560425MY3 2003-07-24 60650695 CONSTRUCT ACADEMIC BUILDING (ALFOND) 0 0 1 MAINE HEALTH & HIGHER ED FACILITIES AUTH - 2007 010314384 560425L40 2007-07-18 97716087 BOND REFINANCE 1996B AND 2000C 0 0 1 MAINE HEALTH & HIGHER ED FACILITIES AUTH - 2010 010314384 560427JA5 2010-06-24 113477369 BOND REFINANCE 1998B 0 0 1 6295000 404360 106318 5890640 2004 0 0 1 1 8560000 353450 101129 8206550 2004 0 0 1 1 10460000 784088 449599 9675912 2001 1 0 1 1 4725000 392250 112426 4332750 2001 1 0 1 1 0 0 0 0 0.00000 0.00000 0 0 0 0 0 0.00000 0.00000 0 0 0 0 0 0.00000 0.00000 0 0 0 0 0 0.00000 0.00000 0 1 0 0 1 AIG 29.500000000000 1 0 0 1 0 0 1 FSA 30.000000000000 1 0 0 0 0 0 1 TRANSAMERICA 23.000000000000 1 0 0 0 0 0 0 0 0 FORM 990, PART VI, SECTION A, LINE 7A THE SOLE MEMBER OF THE CORPORATION IS THE CONFERENCE FOR MERCY HIGHER EDUCATION, INC. FORM 990, PART VI, SECTION A, LINE 7B THE FOLLOWING POWERS ARE RESERVED TO THE MEMBER: A) TO ALTER, AMEND, OR IN ANY WAY CHANGE THE PURPOSE OF THE CORPORATION; B) TO APPROVE THE PHILOSOPHY AND MISSION OF ST. JOSEPHS COLLEGE; C) TO DECIDE QUESTIONS INVOLVING MERGER, CONSOLIDATION, OR DISSOLUTION OF THE CORPORATION; D) TO APPROVE ANY FINANCIAL TRANSACTION INVOLVING THE ALIENATION OF PROPERTY (INCLUDING, BUT NOT LIMITED TO, ALIENATING, ENCUMBRANCING AND LEASING), AS DEFINED BY THE CODE OF CANON LAW OF THE ROMAN CATHOLIC CHURCH, IF THE AMOUNT OF SUCH TRANSACTION EXCEEDS THE APPLICABLE MAXIMUM LIMIT FOR ALIENATION OF PROPERTY DECREED FROM TIME TO TIME BY THE UNITED STATES CONFERENCE OF CATHOLIC BISHOPS IN ACCORD WITH THE PRESCRIPTS OF CANON 1292 -1 OF THE CODE OF CANON LAW OF THE ROMAN CATHOLIC CHURCH; E) TO AMEND THE BYLAWS OF THE CORPORATION; F) TO APPOINT AND REMOVE MEMBERS OF THE BOARD OF TRUSTEES; AND G) TO APPROVE THE APPOINTMENT AND REMOVAL OF THE PRESIDENT OF ST. JOSEPH'S COLLEGE BY THE BOARD OF TRUSTEES; AND H) TO GIVE A FINAL INTERPRETATION TO ISSUES RELATING TO THE PURPOSE OF THE CORPORATION AND THE MISSION OF ST. JOSEPH'S COLLEGE. FORM 990, PART VI, SECTION B, LINE 11 THE FORM 990 IS ELECTRONICALLY DISTRIBUTED TO ALL MEMBERS OF THE GOVERNING BOARD. ANY QUESTIONS, COMMENTS, CONCERNS ARE ADDRESSED PRIOR TO FILING THE FORM WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12 THIS IS "NO" BECAUSE THE CURRENT POLICY IN PLACE HAS NOT BEEN APPROVED BY THE BOARD, HOWEVER CONFLICT OF INTEREST QUESTIONNAIRES ARE DISTRIBUTED ANNUALLY TO ALL GOVERNING BOARD MEMBERS AS WELL AS SENIOR MANAGEMENT. THERE IS CONTINUOUS FOLLOW UP UNTIL ALL SIGNED QUESTIONNAIRES HAVE BEEN RECEIVED. ALL CONFLICT OF INTEREST QUESTIONNAIRES ARE REVIEWED BY THE CFO TO DETERMINE IF ANY INFORMATION NEEDS TO BE DISCLOSED IN THE FORM 990. IF A CONFLICT OF INTEREST IS DICLOSED, APPROPRIATE ACTION WOULD BE TAKEN DEPENDING ON THE CONFLICT OF INTEREST. LINE 15(A) - THE CHIEF ADMINISTRATIVE OFFICER PERFORMED A SALARY COMPARISON REVIEW OF COLLEGE PRESIDENTS. A SALARY RECOMMENDATION WAS MADE TO THE BOARD OF TRUSTEES WHO IN TURN MADE AN OFFER TO THE FORMER PRESIDENT AND FORMER INTERIM PRESIDENT. LINE 15(B) - THE DIRECTOR OF HR PERFORMED A SALARY COMPARISON REVIEW FOR THE DEAN OF THE COLLEGE AND THE CFO. SALARY RECOMMENDATIONS WERE MADE TO THE INTERIM PRESIDENT AND PRESIDENT, RESPECTIVELY. DATA FROM THE COLLEGE AND UNIVERSITY PROFESSIONAL SALARY ASSOCIATION IS THE SOURCE FOR ALL SALARY COMPARISON REVIEWS. FORM 990, PART VI, SECTION C, LINE 19 THE COLLEGE'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS RESIDE IN THE OFFICE OF THE PRESIDENT, AND COPIES ARE DISTRIBUTED UPON REQUEST. FINANCIAL STATEMENTS AND FORM 990 AND 990-T ARE ALSO POSTED ELECTRONICALLY ON THE GUIDE STAR WEB SITE WHICH IS AVAILABLE TO THE PUBLIC. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED LOSSES ON INVESTMENTS: -416,779. CONFERENCE FOR MERCY HIGHER EDUCATION INC 8380 COLESVILLE ROAD STE 300 SILVER SPRING MD 20910 431973007 CANONICAL OVERSIGHT AND GOVERNANCE RESPONSIBILITIES OVER THE COLLEGE MD 501(C)(3) LINE 1 N/A 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0